Trader Platform: reviews on payouts, company overview
Reviews of payouts at Trader Platform, company overview
The Trader Platform website offers investors the opportunity to earn money on forex trading and CFDs, despite the high risks. According to information on the website, the company has been providing services for over 6 years worldwide, has over 150,000 open accounts, and conducts over 530,000 trading operations daily. However, this data is not supported by trader reviews or expert ratings. It was also found that the domain registration was only done in May 2022, and information about the owners is hidden.
Trader Platform claims to be operated by SBC Group Ltd, registered in Saint Vincent and the Grenadines, but even this information is not confirmed. There are no records of the organization’s registration in the trade register. It is known that SBC Group Ltd previously managed projects like Wellmax Capital and Trade CM, which were blocked under pressure from Roskomnadzor.
The technical implementation of the website also raises doubts — the information seems to be simply copied from other sources, and documents, including the Client Agreement, are not available for download. Company details, including addresses and contact information, are missing.
Regulation of activities, deposit protection
The company Trader Platform does not have a license, but proudly claims to be a member of a non-existent European Financial Commission. Scammers made up this information to attract clients from CIS countries, however, the Central Bank of Russia has already blacklisted the parent company SBC Group Ltd.
Dealing with an unlicensed broker is unsafe, as traders are left without protection, and the company may violate norms and rules to the detriment of clients.
Trading conditions at Trader Platform
Trader Platform offers various types of trading accounts, starting from the Entry account for $250 with a leverage of 1:500 and a spread of 1.5 points, to the VIP account for $100,000 with zero spread and other privileges. It is important to note that the offered leverage levels are significantly higher than those recommended by international regulators.
There is no information about the trading platform itself, but offers to become a partner of the company are widely advertised. Trader Platform offers passive income of up to $1,500 for client referrals.
Broker’s work reviews and trading simulation
Trader Platform has not gained popularity due to unreliable information on the website and the lack of real reviews. However, trades on this platform may be executed within a simulator, without entering the international market, which increases risks for investors.
Trader Platform is a suspicious project that does not deserve the trust of traders. Without a license and registration, it is a questionable offer for those looking to invest their funds.