TraderXPGood in soliciting the money bad in returning the money

B
This review was posted by
a verified customer
Verified customer

TraderXP is very good in asking for your money. But when you want to withdraw they delay and try to stall the payment. I have proof to show that my withdrawal took more than one month (but deposit takes a few hours by credit card). Although their website says: "Please allow up to 5 business days for all withdrawal requests. After a withdrawal has been processed, please allow 2-4 business days for the funds to appear in your account". They would tell you that you could trade with the bonus they give, but please be aware that if you loose (and loose you shall in the long run since with their scheme of 70% pay out but 90% loss, statistically it can be shown that no one can make a profit in the very long run), then the loss is taken from your investment (and NOT from the bonus that they give you when you want to withdraw your money) unless you trade atleast 4 times of your investment. The odds are very heavily against the traders. They have a few people who will advise to take certain position(s). Their performance is as good as flipping a coin. Send me a note for a proof or ask them directly for a record of their performance.
I saw a note in complaintsboard.com from Owen Brooks who works in TraderXP. I hope all the above information shall be helpful for the fellow traders/investors.

Responses

  • Sa
    Sam Don Jun 28, 2013

    yeah ...when I wanted to withdraw my money there was no one to be found... funny is it ! I've kissed $1000 good buy

    0 Votes
  • Rw
    rwwr Jan 28, 2013
    This comment was posted by
    a verified customer
    Verified customer

    Did you get back your money? If not, please come http://traderxpisascam.blogspot.ca and http://www.traderxpcomplain.com, let us work together to protect our legitimate rights and interests.

    0 Votes
  • Js
    jshrum92 Jan 27, 2013

    this is how it goes im from tn wanting to do this its kimda a scam but at the same time its not they ask u for the 1000 u must say no they want hunderds of ppl to lose alot to pay for the ones that truly understand how it works did none of yall watch daniels video check all the grapjs not just the one thats not cpmpletly detailed.

    0 Votes
  • Su
    sugeng Dec 14, 2012
    This comment was posted by
    a verified customer
    Verified customer

    i can't get my money

    0 Votes
  • Su
    sugeng Dec 14, 2012
    This comment was posted by
    a verified customer
    Verified customer

    my money still not return, my account still locked.

    0 Votes
  • Rw
    rwwr Dec 13, 2012
    This comment was posted by
    a verified customer
    Verified customer

    Hi, Sugeng,
    Did you get some feedback? How about your money?

    0 Votes
  • Su
    sugeng Nov 12, 2012
    This comment was posted by
    a verified customer
    Verified customer

    traderxp still not return my money, and my account is locked by traderxp

    0 Votes
  • Ad
    adamama Sep 09, 2012

    Just deposited £200 and they gave me £30 bonus.I traded just once and lost as I am a complete newbie.They are telling me to deposit £1000 so that they can take me along to make profit, All these negative comments now, I'm so scared.Please help.

    0 Votes
  • St
    story May 28, 2012

    hi.i am new this site in trader xp..i invest firs time 100 usd.i maked 270 usd..then someone call me and told me if u diposite 1000 usd, you will get 500 usd ..i didnt told them ok..but thay are taking my money from my card 1000 usd, .thay are very expert person..then i am trying to trade but all time i m loosing my money., i think thay are controling all of thinks...i lose my all of money., some money left..when i call them for withdraw they told me not now..they are bad person..i did not get my rest of the money yet...

    0 Votes
  • Wo
    wolfgangfx79 Mar 26, 2012

    I have deposited €200 twice and got a 70% bonus on the whole amount. This volume you have to reach is a real pain in the ###! Profited though and took it out right away. It took me about a week to get back. Was talking to Daniela Richter. No idea about the rest but German service seem legit to me.

    0 Votes
  • Vi
    VitalyRus Mar 21, 2012

    I got scared at first because of the bad reviews I saw here, TraderXP reassured me that the new management is doing thing right, still was kind of scared. but eventually they word was good, I still trade and I get my withdraws on a monthly basis like agreed upon beginning. I actually opened a second account for me wife, so far so good.

    0 Votes
  • Op
    OPP-2963 Feb 21, 2012
    This comment was posted by
    a verified customer
    Verified customer

    Sign up to www.facebook.com/TraderXPCheats and www.twitter.com/StopTraderXP and we will all get together and get out money back from these cowboys!

    0 Votes
  • Op
    OPP-2963 Feb 21, 2012
    This comment was posted by
    a verified customer
    Verified customer

    TraderXP is also trading as Cititrader.com. Stay away from both of these, they will take your money and not return it to. There are just too many complaints against this company to risk depositing money with them.

    0 Votes
  • Op
    OPP-2963 Dec 21, 2011
    This comment was posted by
    a verified customer
    Verified customer

    There are much better brokers out there that are regulated, such as nadex.com regulated in the US (and only available for US clients), IG index (non us clients only) and regulated in UK, Market Punter regulated in Australia. You can get the same products except with a honarable withdraw policy unlike TraderXP!!

    0 Votes
  • Bu
    bulldogwithteeth Dec 21, 2011

    My withdrawal is now going on three months.

    0 Votes
  • Op
    OPP-2963 Dec 01, 2011
    This comment was posted by
    a verified customer
    Verified customer

    Both the last two comments are from TraderXp, they both have the same grammatical errors in them! Don't trade with these guys, they will take your money and not return it!

    1 Votes
  • Ma
    Maria Sklur Nov 28, 2011

    Traded with those guy for a while, loss some, then won it back, not much of a trader my self, but i liked their platform. withdraw was OK, 5 days and the money was back in my credit card. I can recommend them, I guess they improved a lot, from what I read here.

    0 Votes
  • Al
    Allenkim Nov 22, 2011

    I guess most of the comments here are from people that don't read terms and conditions or don't follow protocol, I have done everything TraderXP asked me to do ( turn over for the bonus and all documents include bank details for wire release of my extra profits), and it worked fine, 3 days and that's it. you all got me worried at first, but i guess that's how it is here. the reason I am sharing that is because I made great profits with that company,

    0 Votes
  • Op
    OPP-2963 Nov 07, 2011
    This comment was posted by
    a verified customer
    Verified customer

    Suren2210, Did they give you a bonus? They say that if you get a bonus you have to traded 30 times that bonus value before you can make a withdrawl. What have they told you is the reason for the delay?

    0 Votes
  • Su
    Suren2210 Nov 07, 2011
    This comment was posted by
    a verified customer
    Verified customer

    I have been trying to get my refund for the past one month. I have done 3 formal requests for a funds withdrawal and one email --- with no success. Each time I get an online agent to assist they put me on hold and that is the end of the discussion. The question that I have is to whom do I lodge a formal complaint against TRADERXP

    0 Votes
  • Op
    OPP-2963 Nov 06, 2011
    This comment was posted by
    a verified customer
    Verified customer

    I think they are based in Israel, however they hide behind a company incorporated in Cyprus, I think we need to track down the owner, an then take him through the courts system in Israel. Just out of curiosity what excuses did they give for not returning your deposit?

    0 Votes
  • Fr
    frustrated-man Oct 28, 2011

    Absolute scam!
    After almost more than 4 months, I haven't been able to get my initial deposit return to me. I provided them with all the documents they asked for but, so far, they have ignored my emails over and over again. I would like to see some of you people come up with a suggestion(s) as to what is out there that we, the victims, can do to recover our losses instead of complaining and crying out about how fraudulent these people are. It is proven to most people that we are dealing with a bunch of crooks who have been making a living of these deceitful schemes for many years and hiding behind the flag of a country with no laws and regulations.
    So, please stop giving them money. Let's find a way to shut their dishonest business down.

    1 Votes
  • Do
    DONTTRADEWITHTRADERXP Oct 19, 2011

    GUYS STOP!!! AND DON'T TRADE WITH TRADER XP!!! THE ONLY GOOD COMMENTS ARE COMING FROM THEIR OWN STAFF, I'VE BEEN WAITING MORE THEN 2 MONTHS FOR MY WITHDRAWAL AND STILL NOTHING!!! THEY ARE FRAUDULENT OPPORTUNISTS WHO PROMISES YOU THE WORLD AND DELIVERS NOTHING.
    HAVE A CLOSE LOOK AT THE REPLIES THEIR STAFF MAKES, IT'S ALL CONSIDERED THE WAY YOU TRADE AND NOTHING TO DO WITH WITHDRAWAL ISSUES, 5 OF MY WITHDRAWAL REQUESTS HAS BEEN CANCELLED AND 4 OF THEM WITHOUT THE BONUS, FULL OF PROMISES, DON'T TRADE WITH THEM.

    DAVID COHEN IS THE LEADING GUY AND PARTNER OF THIS COMPANY, HOWEVER HE IS THE REASON OF THIS MESS, ONCE HE HAS YOUR MONEY HE ASSIGNS OTHER PEOPLE TO YOUR ACCOUNT, IGNORES YOU TOTALLY, CALLS AND EMAILS, AND WHEN YOU GET TO HIM, HE PRETENDS HE IS SOMEONE ELLS. DON'T RISK YOUR MONEY ON THESE SCAMMERS, EVEN IF YOU DO MAKE YOUR MONEY ON THE PLATFORM YOU WON'T BE ABLE TO WITHDRAW IT, SO YOU MAKE THE MATH! WHO IS WITH ME, LETS SUE TRADER XP AND GET OUR MONEY BACK, ENOUGH IS ENOUGH AND THESE JEW'S ARE MAKING A KILLING!

    0 Votes
  • Sc
    Scam_Hunter Aug 02, 2011

    TraderXP is a scam. Run away from them. Period.

    1 Votes
  • Cl
    Cliff1962 Mar 22, 2011
    This comment was posted by
    a verified customer
    Verified customer

    They are a scam.. Not only did they not send me my money. That asked for my ID, Billing Statement, And Credit front and back 5 mins after giving them the info so they could send me my money, Charges started to appear on my credit card. It is a scam...

    0 Votes
  • Op
    OptionsTrader Mar 19, 2011

    TraderXP is a complete scam. Do not do business with them.

    2 Votes
  • My
    Mylezito Mar 13, 2011

    Hi, why must people hate on the good stuff, I have been trading with TraderXp for like a month and I have quadrupled my, money without any withdrawal delays are being stalled, they guys are the best in the binary options game. And haters will always hate and winners will continue taking it all, and to give all the critics a bit of some advices : you do not need to sell any1 to buy success.

    -1 Votes
  • Jasmine Corday Mar 03, 2011
    This comment was posted by
    a verified customer
    Verified customer

    I made this post when I first began trading binary options back in late 2009. I must say, I have learned a great deal this past year and a half. I began studying binary options immensely, and have started my own company called Corday Income Solutions. The company is in pre-launch, and the website will not be finished until May of 2011.

    My experiences with TraderXP, EZTrader, and Anyoption have helped me to discover that these fraudulent companies do not offer legitimate trading platforms.

    When you choose to invest in binary options, you must invest using a real trading platform.

    Allow me to elaborate:

    The real way to invest in binary options is by investing in a platform that is run and regulated by the U.S. CFTC (Commodity Futures Trading Commission). This ensures that you, as in investor, are being protected against any form of fraud or market manipulation by any "broker".

    The U.S. Securities and Exchange Commission (SEC) regulates trading exchanges, such as the Nasdaq and NYSE.

    So, the point I am making is that if you are going to trade binary options, you need to trade on an actual exchange. Nadex (North American Derivatives Exchange) is a futures, commodities, stock indices, and forex exchange. When you trade with Nadex, you are trading with on an actual exchange that is regulated by the CFTC; therefore, you are protected from any form of manipulation or fraud. Nadex must always be in compliance with the CFTC, and must go through rigorous inspections in order to maintain that compliance. If they are not in compliance, the CFTC will shut them down. The program I am developing uses the Nadex trading platform.

    You can view their website at:

    www.nadex.com

    I must also mention that there is a certain way that you must trade binary options. If you decide to trade with Nadex, you will notice that the platform looks entirely different from that of TraderXP, EZTrader, and Anyoption. Nadex is not a "financial betting" platform, though you are still making a decision as to whether a certain indice will move up or down.

    With Nadex, and other legitimate stock exchanges, you are trading binary option contracts.

    You are basically purchasing a binary option contract with a predetermined strike price (they offer about 20 different strike prices on the daily binaries, and 3 on the intraday/hourly binaries).

    Essentially, there are two ways to make money with binary option contracts:

    1.) You can make money off of the value of the contract.

    2.) You can hold the contract until expiry (which is what most of you are used to, if you have been trading with TraderXP, EZTrader, and Anyoption).

    The interesting thing about the first option is that the contract doesn't have to be "all or nothing". With the other trading platforms I have mentioned, you are putting all of your money at risk. There is nothing protecting you from loss, and there is no way for you to exit the trade, should things turn sour. The first option allows you to minimize your risk, something the other trading platforms do not allow.

    At any rate, this is just a bit of information I thought that I would share with everyone. This information is not new, but it is definitely something that a lot of people who are trading with these other trading platforms may not be aware of.

    If any of you have questions, or would like to learn a little bit more about the program I am developing the (Corday Income Solution Program), feel free to send me an e-mail:

    [email protected]

    Good luck to all of you! ;-)

    ~Jasmine Corday

    0 Votes
  • Lo
    lovetotrade Dec 11, 2010

    I have been trading with them for over a month. I have tripled my investment of 3000(i do my own research and do not ask their opinion on signals of the market as I trust my judgement more than others). I have worked with eztrader, anyoption and traderxp. Traderxp is by far my favorite. I didnt have any issues with withdrawaling money from my account. As for the documents most binary options website ask for these documents (eztrader, anyoption, optionbit, otrader). And people have made comments of them wanting your money...they all do not just traderxp.

    -2 Votes
  • Ja
    Jaur Aug 22, 2010

    I trading with them for over a month now and im happy. I didnt have any major problem so far. They did ask e to send a few documents but, after i did so, every thing is working as it soppose too.

    I guess thats how most things goes, some will love it while some will hate it.

    Eventually the site gives a differnet way of trading but in the end it is trading. if someone cant make money out of it-stop!
    dont blame anyone else but your own-the desition on the trade is your own and its your money to win or lose.

    -1 Votes
  • Op
    option_trader88 Aug 21, 2010
    This comment was posted by
    a verified customer
    Verified customer

    i am forex trader who opened an account with traderxp to try option market. after 2 months of trading with them i find out i can not withdraw and the price of my deals changes without telling me. I have a account manager jawad who is not very smart. he ignore me when i call or email him and he send me charts without me being able to confirm it. something anybody can make up to support their fraud!
    i try to withdraw adn he cancel my withdraw without telling me, i send documents to him and he tell me no good. i trade forex with other broker and my documents are ok and withdraw take little time to get but with traderxp i have to fight to take back 1000 usd.
    i look into other option brokers and find many better then traderxp. their platform is very slow and bad and their service is bad as well. i get calls from 5 people to ask for money but no one can answer me when i ask for it back.
    they are bad news do not open accout with this company...
    i am trying other option house and will update you about a good company to trade with

    2 Votes
  • Je
    Jefft46 Aug 17, 2010
    This comment was posted by
    a verified customer
    Verified customer

    Hi,

    My name is Jeff and I am VP of finance at TraderXP.

    I believe that we give an honest and effective platform to our clients for the following reasons :

    1. we give the same price for all our clients, and the same enery price for a buy or sell.
    2. we give an expiry from reuters. and the client can request a print screen of the market at the expiry if he wants to debate the expiry rate.
    3. we give withdrawal of your initial deposit to your credit card and profits to your bank account, and yes this means we need some documents to verify the authenticity of the client. this procedure is done to prevent credit card fraud and in order to protect the credit card holder.
    4. we ask for the documents only once, and than each withdrawal is a matter of days.
    5. after we have returned your money it make take a few more days depending on your bank or credit card company.
    6. a professional weekly review.

    Please remember we have clients that made 10 and even 20 times on their investments, this is of curse up to the trader skills...and yes we have clients that lost.

    If you fill that you have any issue with the platform, feel free to contact me at [email protected] and I am sure that we can solve all open issues.

    Happy trading
    [email protected]

    -1 Votes
  • Ko
    Koshsb Aug 04, 2010

    Disagree disagree disagree they offer a 70% return and you can make it in less then an hour...are you guys serious?
    I'm trading stocks and commodities for a very long time and do you know how hard is to make 70% on your investment??i worked on day trading and we used to take a few cent on every trade..do you know how much time and fees i will have to spent until i reach 70%???YEARS!!

    So here you have a platform that offers 70% on your investment with no fees.

    Yes, the first withdraw was a beat slow and they did ask me for a several document that shows that I'm using my own credit card but now, it takes them 2-3 days tops and the money is on the way.

    let me give you an advice, go and take a technical analysis course and then go trading with traderxp.
    don't take nobody advice but your own and follow the things you learn at the course.

    If you have a problem with one of the trades with them-talked to them and insist on having proof that you lost.

    one other thing, after you deposit-ask them what document do they need to speed up up the withdraw procedures in the future.

    I recommend binary trading and I'm pretty happy with traderxp.com.

    God Bless America!

    -1 Votes
  • Sa
    Sammy F Aug 03, 2010

    I am trading with this company since 4 months, they are little slow for withdrawals, but i sent my documents on time and they approved the request in 2 days. received my funds on my credit card in 4 days.

    So, i feel they have a nice and pretty friendly platform, if traded with market knowledge it is good for making profits.

    I have recommended my friends to start trading with TraderXP they are happy till now with the service.

    -1 Votes
  • Sh
    Shantaramswe Jul 30, 2010

    Veraz? are you insane? I went with them, and worked with them. Thet called me, was very nice and everything.
    I invested alot of money, bacause they were saying, if I did, they would make me win. They made me loose 20 times in a row (and this was their "best" agent") Andy and Martin.

    When I wanted my money back I had to do the following.

    1. Send a copy of my drivers licence
    2. Send a copy of my credit card, front to back.
    3. Send a copy of a bill that states that I do live in the adress I have given.

    ALL this, before I got my money back. So finally I did, and guess what, I had to really argue and complain really really bad to get my money back, because I don't thin they liked me withdrawing.

    The thing of the matter is, that you will ALWAY, almost ALWAYS loos all your money in the long run.


    If you don't believe me, pleas send me a PM, and Ill mail you the mails I have got from them.

    Remember, get the HELL away from TraderXP, full of [censor]!

    2 Votes
  • Mg
    mgwl Jul 28, 2010
    This comment was posted by
    a verified customer
    Verified customer

    I lost a very large sum of money with TraderXP, like someone's salary for several years. Your option can be filled at very unexpected levels and your option can also expire at levels very different from all other brokers...

    1 Votes
  • Tr
    truthseeker0905 Jul 20, 2010
    This comment was posted by
    a verified customer
    Verified customer

    I have traded with this company and other similar to it. This is by far one of the worst I have even encountered. Over the past week I have gone from getting conformations of winning trades to losing trades on my account. Not only that but when I contact my account manager I get the same answer... This is bloody ridiculous!! Also it took them over 2 months to release my money from my account when I asked for a withdrawal. Also I called a government office here and I was informed there are other victims to this company who lost their money because of their fraud. They may be under investigation from multiple different agencies. These guys are a scam!!!

    1 Votes
  • Ve
    Veraz Jun 23, 2010

    I worked with them and i did like their site, i disagree with you. their platform is great and fast -i didn't like the other sites the stall time when you want to bid.
    I did had some trading conflict with them and in some of them they return my money while in other they sent me a screnshot that showed i was wrong.

    they are not the only company out there but they are good.

    I didn't have problems taking my money but they did send it to my bank account and not to my credit card, as long as they cover the wire fee I'm happy.

    so I'm disagree with you, my overall impression is good.

    -3 Votes
  • Rm
    rmhl Jun 14, 2010

    I disagree, i traded with Traders.com and I've traded with anyoption.com as well. Traders platform is the fastest platform i know. i have an experience in the FX market and i was able to make money out of it.
    Its better to look at another chart before you make a decision but its still a good place to make money.

    When i tried to withdraw the funds out i was told that they can send me the initial deposit amount to my credit card and the rest (the profit) they will have to send it via bank transfer, and so they did.

    I used their live chat in a few actions and indeed it was very helpful.
    I didn't use their advise on the market, i prefer to have my own.
    In the overall i was pleased with them and their service even though i prefer tarding on the FX market and not binary.

    -1 Votes
  • Tr
    trader_online Jun 10, 2010

    traderxp.com is a big scam.
    i have found all kind of websites that talking on traderxp.com with the details of Tammy Levy
    i start to chack and i have found Tammy Levy on facebook and she is from israel!!!.

    1 Votes

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