Read this TraderKing review, and share it with your loved ones to save them from scams and scam brokers.
Name of Broker: TraderKing
Website: www.traderking.io
Warned By: Financial Conduct Authority (FCA)
Address: Kingstown, St. Vincent and the Grenadines
Regulated By: None
Overview of TraderKing Review 2022:
TraderKing is an offshore broker that makes you believe in themselves as they offer you an award-winning platform MetaTrader4. This platform is dominating the market for years, however, that doesn’t imply that any financier that can offer it is a fair organization. They will guarantee you everything but give nothing as there is nobody to hold them under management.
Do you want to avoid such scammers? If your answer to this question is yes, then read the TraderKing review and find out what you should look for in a broker before opening an account with them. If you find this TraderKing review 2022 useful, make sure to share it with your loved ones to save them from such scams as well.
What all should you look for in TraderKing Review 2022?
Scams are deadly.
Having the potential to make someone go into a debt trap, the scammers lure their victims in with irresistible offers and discounts. In this segment, we will be telling our readers about a few important points that you must look for in a broker before opening an account with them. Remember, nobody has a right over your money.
TraderKing and Regulation:
The regulation is one of the most significant checkpoints that one must look for while searching for a brokerage firm. With the increasing inflow of scammers in the market, the regulations set up barriers to ensure the scammers stay away from the market. For this, they introduced the licenses. To acquire a license, the broker must go through some tests. However, these tests are not as easy as they might sound. If a company does not have a license, it means it is UNAUTHORISED and not fit for trading. In our case, if TraderKing is unregulated, then this raises the first red flag against TraderKing in this TraderKing review 2022. Read More Scam Broker Reports 2022.
TraderKing and Minimum Deposit:
The minimum deposit is generally asked in small amounts by the legitimate brokers as taking huge amounts as the minimum deposit is not advised by the regulations. However, the tradition of taking huge minimum deposits is common in scam brokers as their main aim is to steal as much money as they can from the trader before they get suspicious. The usual amount asked by the legitimate brokers lies in the range of $5 to $10. If TraderKing asks for an amount more than the average, chances are that TraderKing is a scam.
TraderKing and Leverages:
Leverage is yet another common checkpoint that one must look for while checking for a broker online. Due to their direct involvement with the risk, leverages are offered in small amounts. The leverage is even capped at 1:30 and 1:50 in the European countries and the USA respectively. If TraderKing offers leverage more than this, it is a sign that TraderKing is a potential scam.
TraderKing Reviews and Complaints
You can find many negative TraderKing reviews on the web. We advise you to do a search for online reviews of brokers. A conventional web search can give experiences into whether negative remarks could simply be a disappointed dealer or something more serious. A decent enhancement to this kind of search is our scam brokers 2022 list, which indicates who are scam brokers and why you should avoid them. Acquire a more clear comprehension of the guidelines for forex brokers and any other brokers.
Conclusion: Is TraderKing scam or legit?
To sum up, all that has been said above, we give you the power to decide whether TraderKing is a scam or not. We request the readers to move forward with extreme caution. If you have been a victim of TraderKing scam or any other broker, do not feel embarrassed. File a complaint right now and get instant help from our team!
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