Beware! Trading Epic is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


Trading Epic claims to be a New York based forex, CFD and binary options broker offering payout of up to 95% and safety of investment, guaranteed by virtually all prestigious financial authorities in the industry. They also say to be offering a choice between MetaTrader4, MetaTrader5 and a web based platform. However, a demo account was not available so we were not able to check their trading conditions.

Also it turned out that Trading Epic is not regulated as they claim, so if you are considering investing with Trading Epic be sure to read this review first.

Trading Epic egulation & safety of funds

To start with, we are not sure which is the company behind Trading Epic. The website is virtually anonymous except for a contact address in New York, which can well be just a post box.

In any case Trading Epic claims to be regulated by a whole constellation of financial regulators, including the U.S. Commodity Futures Trading Commission (CFTC), the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Board (FSB) of South Africa and the International Financial Services Commission of Belize.

After checking the registers of the above mentioned institutions it turned out that non of that is true. Trading Epic is not regulated anywhere and actually there is a fresh warning against Trading Epic by the Financial Conduct Authority in the UK. They are accused of targeting UK citizens without proper authorization.

Basically Trading Epic operations are illegal on all regulated markets, including the UK, the rest of the European Union, Japan, Australia, Canada and especially in the US, where regulations are so strict that only companies with operational capital above 20 000 000 USD are allowed to offer brokerage services.

And besides, as we noted Trading Epic says to be offering binary options bets, which are altogether banned throughout Europe and on many other regulated markets.

Trading Epic deposit/withdrawal methods and fees

Trading Epic say they accept payments with bank wire transfers, debit cards, Bitcoins and Neteller, which is an e-wallet.

It is interesting, however, that Trading Epic does not work with Skrill – another popular e-wallet that recently announced that they will not accommodate brokers, unless the brokers prove they hold a legit financial license. As we already discussed Trading Epic is not licensed in any way.

Otherwise the minimum deposit requirement is 250 USD, which is more or less in line with what other brokers would ask you for as an initial investment.

How does the scam work?

Fraudsters employ lots of resources to scam people, who are tempted to invest on the forex or the crypto market. Fore example scammers would employ call centers and also the so called robo scam websites, such as Crypto Revolt and Bitcoin Evolution, which are especially designed to attract gullible investors with promises of risk- free, rocket- high returns.

And initially you will not be asked for much – just your e-mail and phone, and if you register you will be transferred to the website of a scam broker and will be asked to deposit about 250 USD. Besides, do not be surprised by how successful your first trades will be. That is all part of the scam – fraudsters are just hoping you will be more easily convinced to invest a larger sum.

And also, you will receive a phone call – it will be form “your senior account manager”, who will professionally explain that if you want to make some real cash, you will definitely have to invest more – at least 10 000 USD for a start.

And take a note that probably you will not realize you have been scammed until the very moment you request to withdraw some money. All of a sudden it will turn out you can not, because of some minimum trade volume requirement, possibly linked to the welcoming bonus you have so carelessly accepted in the first place. Certainly it could be anything, but the result will be the same – scammers will refuse to send you a single dollar back.

What to do if scammed?

The only chance you have to see your investment back is by filing for a charge back with your credit card company. The good news here is that both MasterCard and VISA extended the period in which you will be allowed to do that to 540 days.

And if for any reason scammers have managed to get to your credit card number and online banking password, immediately change the password and cancel your credit card.

And one final advice – do not trust the so called recovery agencies – they will just make you pay them some money in advance and that will be all – you will end up with even thinner purse.

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