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

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Traderspayout is one of the many websites that promise to help you make money from the financial markets, but are actually a scam. In this review we will show you the evidence that Traderspayout is not a legitimate financial services provider. We will also direct you to credible forex brokers that you can trust.

Traderspayout Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
Traderspayout
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

Legitimate forex brokers provide clear and detailed information about the legal entity that owns and operates them, where it is based, what licences it has and which regulators oversee its activities. Lack of such details or improper presentation of them are always a red flag that we are probably dealing with a scam.

Traderspayout  is completely anonymous. Even in the text of the Terms and Conditions no name of a legal entity is mentioned. The document does not contain any specific information and does not meet the standards for such mandatory documentation.

Traderspayout  claims to be based and licensed in the United Kingdom.

But the UK financial regulator has issued an explicit warning that this website is not authorised.

If you have decided to invest in financial instruments you have a choice of much more trustworthy options. If you want to trade on financial markets without being scammed, you can turn to some of the legitimate brokers that actually operate from established financial hubs like the UK.

These brokers have to meet stringent requirements for financial stability and transparency of operations imposed by the Financial Conduct Authority (FCA). They must provide clients with negative balance protection and to participate in a guarantee fund that covers up to GBP 85,000 of a client’s investment should the broker go into insolvency. These brokers are also required to keep their clients’ money segregated from their own operating funds in separate bank accounts.

Traderspayout Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
Traderspayout platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

Traderspayout has no trading software at all. Legitimate brokers offer clients a wide selection of trading software, including desktop, mobile apps and web-based platforms. The most widely used platforms in the industry are MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

These platforms have established themselves as industry standard because they offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

Traderspayout Trading instruments

CurrencyStocksIndicesCryptoCommodities
Traderspayout
XMYesYesYesNoYes
FBSYesYesYesYesYes
FXTMYesYesYesYesYes

Traderspayout  has neither the legal authorization nor the technological capacity to truly facilitate trading in financial instruments. With the availability of numerous regulated and established forex brokers, there is no good reason to trust your money to this fishy website.

Traderspayout Spreads and cost of trading

TraderspayoutXMFBSFXTM
Spread EURUSD0.611.1
Spread GBPUSD1.31.21.4
Spread USDJPY1.31.21.4

When you visit the website of a legitimate broker you will find proposals for different types of trading accounts suitable for investors with different preferences, as well as detailed descriptions of trading parameters – minimum deposit, order execution method, tradable financial instruments, leverage, spread, swap, commissions, etc. All we see on the Traderspayout  website are promises of certain returns.

A genuine broker will not and cannot promise you guaranteed profits. In fact, licensed companies are obliged by regulators to warn their clients about the high risk of losses when trading financial instruments.

Traderspayout Maximum leverage

ForexStocksCryptoGoldIndices
Traderspayout
UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders. The FCA, like EU regulators, limits leverage to 1:30 for trading in major currency pairs and even lower levels for more volatile assets.

Higher levels of leverage are only offered to professional clients who trade entirely at their own risk. If you don’t qualify as a professional trader but are willing to take the risk of high-leverage trading, the most viable option is to use the services of an offshore affiliate of an established brand.

Traderspayout  Deposit and withdrawal methods

Deposit timeWithdrawal timePrice
Crypto24 hours24 hoursFee depends on crypto

We weren’t at all surprised that the only payment method accepted by Traderspayout  is Bitcoin.

Cryptocurrencies are the payment method of choice for most financial scammers. The reason for this is that on the one hand cryptocurrencies provide a degree of anonymity and on the other hand they do not allow the defrauded person to ask for a refund.

If you’re interested in legitimate brokers that accept digital currency payments alongside conventional methods, check out this list. Legitimate brokers typically offer clients a wide choice of transparent payment methods, including bank transfer, credit/debit cards and established e-wallets such as PayPal, Skrill or Neteller.

Traderspayout Minimum deposit

TraderspayoutXMFBSFXTM
Minimum deposit$200$5$10$5

The home page of the website claims that the minimum required deposit is 200 USD, but after registering an account we get access to a different set of plans with a minimum of 50 USD. Such inconsistencies are typical of scam websites.

Many leading brands offer Micro and Cent accounts that are suitable for novice traders.

Traderspayout Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
Traderspayout Not specifiedNot specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

Since Traderspayout  does not provide proper legal documentation, it is unclear what traps the fraudsters may have set. Typically, fake brokers make withdrawing money impossible through huge fees and impossible-to-fulfil traded volume conditions.

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BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite

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