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Is TraderUR a scam broker?

TraderUR is a comparatively unfamiliar broker to the traders that initiated its operation newly. TECHNORIC Ltd is the parent company of TraderUR with the registration in Saint Vincent and the Grenadines. TraderUR provides Forex, Cryptocurrency, and CFDs trading options around the globe with the exception of the United States, Estonia, France, Belgium, and Israel. This in-depth review allows an understanding of the TraderUR’s characteristics, benefits, nature of the services provided and trading practice.

About TraderUR

TraderUR gives access to four account types viz Self Manage Account, Gold Account, Platinum Account, and VIP Account. The minimum deposit for SM Account is $250, Gold Account is $10,000, Platinum Account is $50,000, and VIP Account is $0. Yes!! $0. Offering leverage up to 1:400.  Sadly, TraderUR is unlicensed and unauthorized to provide services in regulated markets like Japan, Australia, and the United Staes. TraderUR provides currency pairs more than 30 pairs with CFDs availed on cryptocurrencies, oil, natural gas, and precious metals.  The leverage provided by TrederUR is from a mere 1:100 to soaring high with a 1:400 ratio. That is impossible to trade in the above-monitored market. The minimum deposit is  $250 compared to a leading broker keeps the minimum deposit as low as $0. TrederUR also facilitates payments by all major channels.  There are some drawbacks.

The main drawback of TraderUR is it is not monitored to perform its operation in the regulated market. The main issue with an unregulated company is it can use your money unaccountably and any former notification to the account holders.  The spreads are 4-5 pips that are high and not anticipated compared to 1-5 pips. TrederUR also offers unusual bonuses with dramatic withdrawal conditions. Given an example, one has trade 50K times to withdraw the bonuses. In contrast, if you want to avail of the bonuses you have to deposit more.  Withdrawal fee is the real issue, as you have to spend 1% of the total amount of withdrawal. TraderUR provides its own web-based platform for trading falling behind MetaTrader4 users. 

 Is TraderUR is Legit or Scam??

 With the title of a non-regulated, ashore brokerage company along with little trustworthiness also providing unprecedented spreads and lagging platform it is hard to conclude anything about TraderUR. It is advised to trade with a precisely registered and wisely regulated trading firm. For time being TraderUR is not falling under precisely registered and wisely regulated trading company because of its recent appearance. It is advised that traders must trade with recognized trading partners.