Should you trust offshore brokers that promise guaranteed safety but lack licenses? In this TradersHome review, we’ll examine such a platform that tries to present itself as a top-tier brokerage but is, in reality, just another scam.
Brief Overview
- 🖥Official Website: https://tradershome.com/
- ✈️Contact Address: 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines
- 📞Customer Support: [email protected], [email protected], +18887787970
- 🔐Licensing and Accreditation: no
- ⏳Track Record: 2018
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $250, 1:400
- 💰Additional Services: account manager, swap-free, daily analysis
Tradershome.com Examination
The official website plays a critical role for any brokerage. However, this company has decided to shut it down. Whether this is temporary or permanent is unclear. Visitors are prompted to leave their contact details so that managers can reach out to them. Why? Probably so the scammers can use phone calls to swindle potential victims out of their money.
We decided to evaluate the design of the official website using WebArchive. We found snapshots to see what it looked like before, and here’s what we discovered. The TradersHome website raises more questions than answers.
The site looks like it was hastily thrown together on a cheap template. The color scheme is a nightmare. A black background with orange accents is harsh on the eyes and more irritating than inviting. The fonts are another disaster. They’re generic, poorly readable, and seem randomly chosen. The site resembles a school project rather than the portal of a serious broker.
There are no original or meaningful images. They provide no value and say nothing about the company’s operations. It’s just empty showmanship. And the grandiose slogans like “Fair Trading” or “Trust & Integrity” don’t inspire any confidence. There’s no substance behind these words — they’re just meaningless phrases.
In short, there’s nothing professional, attractive, stylish, or unique about the website. It was created several years ago and hasn’t been updated since. TradersHome still displays outdated information about COVID-19, which dates back five years.
Company Contacts
To contact the managers, there’s a feedback form. Alternatively, you can try emailing or calling the provided phone number. However, there’s no guarantee these channels are still active. Don’t get your hopes up about receiving a response from TradersHome representatives.
Key Conditions
The trading conditions are suspicious and resemble those of any illegal broker. They offer leverage of up to 1:400. Such high leverage isn’t a bonus — it’s more like a ticket to a casino. While it increases potential profits, it also multiplies your risks. One wrong move and your deposit can vanish in an instant. This works perfectly for the company: the faster a client loses money, the faster it ends up in the broker’s pocket. It’s no coincidence that serious regulators prohibit brokers from offering such high leverage.
The website claims that commissions are “zero”. That sounds appealing, but there’s clearly a catch. If a broker states there are no commissions, it usually means they’re profiting from hidden spreads — at best. The reality is that TradersHome earns money from client losses. The platform profits every time a trader loses money, which is why they can afford to promise zero commissions.
Let’s talk about the minimum deposit. $250 for the most basic account is tolerable. However, the moment you want something “better”, the amount skyrockets. Want a “Starter” account? Be ready to deposit $2,500. Dreaming of “Premium”? Get ready to fork out $10,000. And what about “VIP”? The minimum is $100,000, with no specific advantages listed. It’s simply an attempt to extract the maximum amount from clients. They lure you in with “better conditions”, but in reality, the difference between the account tiers amounts to a few unnecessary “bonuses” like a personal manager or “fixed spreads”.
Exposing TradersHome
The platform looks like yet another scam disguised as a forex broker. Let’s break down why this company raises so many doubts. Starting with the most important aspects — licenses and official registration. The website proudly displays an address in Saint Vincent and the Grenadines. This is a standard “stamp” for offshore companies looking to avoid regulation. Saint Vincent isn’t a financial hub but a haven for brokers who don’t want to operate transparently. The company has no real documents or licenses from serious regulators like the FCA or CySEC, which is a major red flag.
However, the issue goes even deeper. TradersHome isn’t actually registered in Saint Vincent and the Grenadines. The scammers are boasting a fake legal address, and this can be easily verified in the SVGFSA registry.
Without a license, no one monitors the company’s actions. This means they can do whatever they want: manipulate quotes, delay withdrawals, and inflate spreads. You’ll be left completely unprotected, and that’s exactly what they’re counting on.
What Reviews Do Users Leave?
A bit of online research reveals that TradersHome has a less-than-stellar reputation. People complain about being unable to withdraw funds, excessive deposit requirements, and aggressive sales tactics. These are classic signs of scammers who didn’t create a platform for trading but rather for extracting money from unsuspecting users.
You can also find positive reviews, but they shouldn’t be trusted. These are fake comments. Fraudsters pay for fabricated reviews to lure in inexperienced traders.
Conclusions
It’s best not to trust such companies — they operate illegally and can steal your money at any moment. Fraud is the only guarantee TradersHome can offer. We strongly recommend staying far away from this firm.
Pros/Cons
- The platform has been around for several years.
- The broker works illegally.
- Horrible trading conditions.
- A lot of complaints and negative reviews.
- Problems with the official website.
In short, my experience trading with Tradershome was overwhelmingly negative. My primary complaints concern their trading terminal, which is far inferior to popular platforms like MetaTrader, QUIK, and others. First, the platform is extremely slow – whether logging in, opening trades, or switching charts and timeframes. Second, orders open with significant delays. It’s not a requote, which is common in trading – it’s an actual delay, sometimes up to 5 seconds. As a result, the order executes at a different price than I intended, and I’m specifically talking about market orders here.
I will never again trust brokerage companies that operate without licenses, such as those from the FCA or CySEC. These scammers cheated me. They managed to extract $8K from me – first $3K, then another $5K! The managers constantly harassed me by phone, pushing their unnecessary services. They never allowed me to withdraw my funds, and I became a victim of this scam. You need to know the truth about this platform!!
The company commissions positive articles, reviews, and comments to boost its reputation and ratings. At the same time, it pays to have negative, truthful information removed. This is just another scam. Don’t trust the scammers at Traders Home! They have no license, no registration, and operate anonymously.