Is Trader.Online Sam or Legit Broker?
Trader.Online is a 100% fraud company. The broker is registered offshore and does not hold any proper license from a well-known reliable financial regulator. It is NOT SAFE to trade Trader.Online. We never advise trading with an offshore broker, since the financial investment service they deliver is not trustable.
- In order to ensure that a certain entity that provides investment services in financial instruments is authorized to carry out the said activity in a certain country, one should consult the lists of authorized financial intermediaries that usually can be found on the regulators’ websites. We recommend checking the registers of the most reliable regulators, such as the Financial Conduct Authority (FCA) in the UK or the Swiss Financial Market Supervisory Authority (FINMA).
About Trader.Online
| 🗺️ Registered in | Marshall Islands |
| 🗺️ Type of License | Offshore License |
| 🛡️ Is Trader.Online safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | IC Markets – licensed by ASIC in Australia |
What is Trader.Online?
Trader.Online is an offshore broker that offers Forex and CFDs trading on commodities, stocks, indices, and crypto coins. According to the broker’s website, the financial services are provided by IVY Capital company number 86281 with registered office: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands.
- The website is operated by DDK Ltd company number 205094347, with a registered office and operational address: Sofia, Bulgaria. However, the company is not licensed by the Bulgarian Financial Supervision Commission, so offshore registration is the only one the broker has. It means the broker cannot guarantee the safety of the client’s funds and cannot offer the same level of protection as other regulated entities. It is a common case for most offshore-registered brokers, and that is why we always recommend avoiding such companies.
- In addition, Trader.Online has recently been blacklisted by the Portuguese Securities Market Commission:
“The Portuguese Securities Market Commission (CMVM) issues a warning for investors to the fact that TRADER.ONLINE (www.trader.online) is not authorized to carry out any type of financial intermediation activity in Portugal, under Article 295 (1) paragraphs a) and b) of the Portuguese Securities Code.”
Trader.Online Review Conclusion
We strongly advise all investors and traders to avoid Trader.Online and other brokers from the Marshall Islands. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and eToro.
- Overall ranking and experience for Trader.Online is Negative
Trader.Online Update
Based on our findings, the Trader.Online website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.