TraderKing claims to be a reliable global CFD and Forex broker. The broker offers a wide rage of tools with over 100 trading instruments, including currency pairs, metals, CFDs, oil, indices, cryptocurrencies. They also provide the clients with a wide range of desktop, web and mobile trading platforms, including MetaTrader 4. 

Is TraderKing a scam or legit broker?

No, it is not safe to trade with TraderKing as it is an offshore broker. The broker is owned and operated by the group of companies which have included Lotens Partners LTD, company registration number: 25471 and registered address: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.

However, the fact is that St. Vincent and the Grenadines is an offshore zone, which does register the financial investment firm, but provides very poor if none requirements to the company operation. That means, the broker is not regulated, not overseen and does not comply with strict international rules that provide protective measures to the traders. Therefore, it became an offshore zone for shady forex brokers such as CVC Markets, AAG Markets and more. Read more about St. Vincent and the Grenadines regulation by the link.

Despite an offshore location, the broker somehow provides the UK contact number which got us to question its regulation. It turned out the broker is not regulated in the UK. Moreover, the UK’s Financial Conduct Authority has warned against TraderKing:

“Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us. This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.”

Considering all the facts above it is safe to say TraderKing is not regulated and has no legal rights to offer financial services. 

We advise all investors and traders to avoid TraderKing and other unregulated brokers. The lack of information (or false information) about the broker’s regulation, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Cyprus and reliable brokers such as FP Markets and Alpari.

You can also share your trading experience with TraderKing by commenting on this review.

No news available.

3 responses to “TraderKing”

  1. I have tried to get a refund from this group who state they have a 90-day money-back guarantee I have not even traded on the platform, the support given was nil and trying to get any contact by e-mail or their website phone number which is not recognized by the way, tells me I have been conned and would like to warn anyone going to use this platform TRADERKING to stay away or you will also be conned out of your money.

  2. What a bunch of scamming good for nothing bastards.
    Eric Rudeman supposed brokerLiam Brubeck suppose to be Head of financial Department.
    They are truly scammers so please stay away from traderking
    They are the worst kind of scum

  3. DO NOT USE THIS COMPANY,once you deposit your money it will never be seen again. Their platform and the deposits in your wallet is all fake. Liam Burbeck (claimed to be my tradingadvisor) and Eric Rudman (suposedly a VIP trading advisor). They operate in tandem to say anything to reassure you that your money is in safe hands. Nothing they say has an once of truth. They are brutal scammers. The contract given to me has the FCA logo. I have been a complete ass and lost my life savings. It has been a devastating encounter! I wish I has come across the above comments and warnings before engaging with this company.

Leave a Reply

Your email address will not be published. Required fields are marked *

* code