Traderspros Review

FXCanary's review of Traderspros involved a multi-layered investigation. We cross-checked the broker's claimed UK registration against public corporate records and searched multiple international regulatory registers for any licence. We found no active regulatory authorisation. We then analysed 55 real user reviews from Trustpilot, where the broker holds a 1.4 out of 5 rating, and examined across industry databases for any past enforcement actions. What emerged is a picture of a broker with no oversight and a user base that almost unanimously describes it as a scam.

We also examined the broker's own website and marketing materials to understand its claims about accounts, instruments, and services. The structured data we present—such as account tiers and the company's employee count—comes directly from verified business registers and aggregated industry intelligence. Our assessment draws on these sources, always in the context of what real traders have experienced.

Traderspros is the brand name of AND Corp Limited, a UK-registered company formed in February 2021. While incorporation can be done quickly and cheaply, it does not equate to financial service authorisation. Our check revealed that the company has zero employees on file. A financial brokerage with no staff is an immediate warning sign; it suggests a shell entity with no real operational capacity, often used to obscure a scam.

Furthermore, user reviews repeatedly mention that the entity is connected to other names such as 7XTrade and Monetio. This pattern of multiple trading names is typical of fraudulent operations that rebrand once they accumulate negative exposure. The lack of a physical address or any verifiable contact beyond a website further erodes any claim to a legitimate UK presence.

Traderspros openly states it is unregulated. We searched the FCA register, the European Securities and Markets Authority database, and other major regulators; no licence exists. This means there is no external body setting rules on client fund segregation, leverage limits, or fair pricing. In the event of a dispute, traders have no regulatory ombudsman to turn to.

The implications are severe: your funds are not protected, and there is no guarantee that you will ever be able to withdraw them. Regulated brokers must meet capital adequacy and governance standards; unregulated ones have no such obligations. For a UK-registered company, the lack of even a provisional FCA status is a glaring omission.

Traderspros offers four account tiers: BASIC (5,000 EUR), ADVANCED (25,000 EUR), EXPERT (75,000 EUR), and CAPITAL (custom). These minimum deposits are far above average. Most retail brokers in Europe allow accounts starting at 100-500 EUR, with tight spreads and defined leverage. Here, you commit 5,000 EUR just to open a basic account, yet the broker reveals nothing about spreads, commissions, or maximum leverage.

In our view, these high deposit requirements serve two purposes: they screen for victims willing to part with large sums, and they make it harder to recoup losses because the sums involved are substantial. The lack of descriptive parameters—no spreads, no leverage, no commission structure—means a trader enters blind. Such opacity is never justified in a credible brokerage.

The broker does not disclose any deposit or withdrawal methods, processing times, or fees. This is a critical omission. Legitimate brokers typically list bank transfers, card payments, and e-wallets with clear timeframes. From the user reviews, we see a very different reality. Traders report depositing via unknown means—often after Facebook ads or phishing links—and immediately encountering problems.

Withdrawal requests were ignored or blocked. One reviewer deposited 10,000 EUR and, after making a small profit, never received the funds back. Another stated that after waiting three months, they had to initiate chargeback claims with their bank. The consistent theme is that once money is deposited, it becomes unrecoverable. This pattern aligns with what we would expect from an outright scam, not a brokerage facing temporary liquidity issues.

Traderspros does not name its trading platform. This is highly unusual. Reputable brokers proudly display their platform technology, whether MetaTrader 4/5, cTrader, or a proprietary solution. The omission here is conspicuous. Users complained of a challenging platform, and one remarked that the website was shut down and replaced with another, a tactic often used by fraudsters to erase evidence.

The broker claims to offer forex, indices, stocks, and commodities, but without a platform or specific symbols, this claim is hollow. In practice, no user review mentioned successful trading; those who referred to profits indicated they were shown fake gains that later could not be withdrawn. It is likely that the display was fabricated entirely, with no actual market execution taking place.

No fee schedule is provided. While some reviews mention being drained of savings, there is no clarity on what charges were applied. Given the unregulated status, it is probable that spreads were artificially wide, swaps exorbitant, or that outright deductions were made without justification. One user complained that after taking ‘advice,’ they lost their investment—a possible reference to a conflict of interest where the broker benefits from client losses.

The absence of transparent fees is a huge disadvantage. In a legitimate brokerage, you can compare spreads and commissions across account types; here you cannot. This lack of information, combined with the negative reviews, strongly suggests that the broker manipulates costs to the detriment of traders.

We analysed 55 Trustpilot reviews, which gave an average rating of 1.4 out of 5. Every single review was negative. The dominant themes were scam accusations (29 mentions), deposit and withdrawal problems (27 combined), and no customer support (12). Users described being contacted after clicking ads, making deposits, and then being ghosted when they requested withdrawals.

Several reviews mentioned that the broker operates under multiple names, and that representatives called them daily to demand more money. One reviewer was phished via a fake Richard Branson endorsement. Another deposited £196 and never received a receipt or service. The consistency and gravity of these reports leave no doubt that Traderspros is not a legitimate financial service.

FXCanary's Scam Risk Score for Traderspros is 75 out of 100, placing it in the Severe risk category. This score is derived from the absence of regulation, the high volume of scam-related complaints, and the zero-positive review profile. Aggregated industry data, while using their own methodologies, would align with this assessment—no reputable industry intelligence platform would assign a trust score above rock bottom to an unregulated broker with such user feedback.

We note that the Trustpilot rating of 1.4 mirrors the user sentiment we see in the Forex Peace Army absence of rating, which often indicates a broker too small or too maligned to accumulate a review base there. The overall picture is of a broker universally distrusted by those who have engaged with it.

Traderspros is not a safe broker. It is an unregulated entity that has systematically defrauded users, as evidenced by dozens of first-hand accounts. The UK registration is a smokescreen; the company has no employees and no licence. The account tiers are designed to extract large sums, and the withdrawal process is a fiction.

Our advice is unequivocal: do not open an account, do not deposit any funds, and do not engage with anyone claiming to represent this broker. If you have already been scammed, cease all contact with the broker, report the incident to your local financial authority and law enforcement, and contact your bank to dispute any payments. Be aware of recovery room scams that promise to get your money back for a fee—these are often run by the same criminals.

In short, Traderspros exhibits every hallmark of a fraudulent operation. The Scam Risk Score of 75/100 reflects our assessment that using this broker will almost certainly result in the loss of all deposited capital.