In its legal documents, the TraderAi company forgot to mention who founded it. Neither does it reveal where it is based. Yet, we are expected to trust it based on its expertise in financial markets.
Thus, everything will be clear once you realize many numbers don’t add up. Therefore, watch out for our tips from this unbiased TraderAi review.
| Regulated by: | No regulations expected |
| Is This Company Safe? | No |
| Known Websites: | Traderai.ai |
| Have Warnings from: | N/A |
| Registered in: | N/A |
| Operating since: | Hidden |
| Trading Platforms: | Proprietary apps |
| Maximum Leverage: | N/A |
| Minimum Deposit: | $250 |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptocurrencies, forex, indices, commodities, shares |
| Free Demo Account: | No |
| How to Withdraw from This Company? | With too many misleading details, withdrawals are most likely impossible if you are using this AI tool. Therefore, if you signed up through this company to start investing and you got scammed, contact our refund experts for a free first refund consultation. |
Legal info: Is TraderAi Legit or a Scam?
The company claims the numbers speak for themselves. They say they have more than 500k traders, more than 46 million traders, and 31 million traders, which makes them popular. Yes, believe it or not, that’s what the company claims. Obviously, they didn’t even invest much in web design, either. So, what could make anyone think their software works?
In addition to that, the company claims to have a 4.4 rating on TraderAi reviews on Trustpilot. Yet, that’s far from reality, firstly, because their reviews there don’t even exist.
The key problem, however, is that this company is partnered with scam brokers. Most likely unregulated ones. Therefore, once you get redirected to a brokerage, check first if they have top-tier licenses like FCA, BaFin, or ASIC.
Who are TraderAi’s Victims?
If you research the TraderAi app, you will find numerous domains that run the same scheme. However, it’s hard to determine if any of those are connected or if they steal from each other. Anyway, this website is mainly advertised in countries like:
- United Kingdom
- Poland
- Spain
- Portugal
- Turkiye
In case you become a victim of this app, feel free to contact us for consultation. After all, we recognize these scams from a mile, and our refund experts know what the next step should be. One of the brokers that might be affiliated with similar campaigns can be found in our Royal FX Bank review.
Leverage, Commissions, Spreads, Fees and Taxes
Generally speaking, completing the TraderAI login procedure will redirect you to the “best broker in your area”. Therefore, all trading conditions will depend on them.
But before you sign up, you don’t know any single detail, which is crucial in choosing a broker, especially since the TraderAI trading system is automated.
Bonuses
Bonus offers are overall the classic bait for inexperienced traders to get started or deposit even more money. However, the catch is quite often that traders can’t withdraw the fund unless they meet certain requirements. Mostly unrealistic ones. Keep that in mind when you are signing up.
TraderAi Trading Features
One of the key features, logically, is the TraderAi automated trading feature. Everyone would like to make money while sleeping. That’s why these fairy tales are sold so easily.
Thus, without any proof, it’s hard to believe that any of them works. Especially when you realize the company’s testimonials are entirely fake.
Trading Platforms Available
Generally, the TraderAi bot is designed to be practical for web-based platforms. Simply because traders can manipulate those and make it look like the software works. But try to find out why this software doesn’t work with Meta Trader or cTrader.
Available Trading Assets
If you look at competitors, you will see these auto trading tools are mainly focused on crypto trading. However, with this company, it appears they have raised everything to another level. Apparently, traders can trade with these tools in all five main categories: forex, commodities, shares, indices, and cryptos.
Yet, the whole offer will depend again on the broker you are working with. To see all potential options and also brokers you should avoid, read our Epic Trust review.
Account Types
The most suspicious thing about these sophisticated technologies is that they are completely free. You just have to make the initial deposit of $250, and voila. You are ready to go.
But be sure scam brokers will offer you different account types with higher deposit requirements. Of course, once they prove to you their system “works.”
Mobile Trading App
Apparently, the company has mobile apps developed for iOS and Android devices. However, the PlayStore option leads to direct downloads while the AppStore option leads to reliable sources. But with 31 million traders, there’s only one review of the app in the store. Most likely, that’s not a coincidence.
Demo Account
According to the company, a demo account is available. Yet, once you want to sign up for it, you can’t. The company’s website only has a registration form for live accounts, so read – they don’t have a demo account.
Education
Since the company offers signals and automated trading features, practically, there’s no need for education. Thus, the company offers quite poorly written general articles about trading. Yet, nothing that can be compared to live sessions with tier-1 licensed brokerages.
TraderAi Withdrawal
Another big downside of this company is the TraderAi withdrawal process. Sadly, it also depends on the broker you are assigned with. Therefore, watch out for bonus and withdrawal policies. These might include clauses that will later prevent you from withdrawing any money. If the company is not regulated, that’s almost guaranteed.
Customer Support
As can be seen, the TraderAi scam company offers three phone lines, a web contact form, and a live chat. But only five days a week. But the problem is that their job is done once they connect you with a broker. So, all the communication depends on a brokerage.
Key Information To Consider About TraderAi
With too many misleading details, a lack of reviews, and offering generally shady services, there’s a high chance that traders will get scammed. If you work with an FCA, BaFin, or ASIC-regulated broker by some miracle, you should sleep tight. But most likely, that’s not the case.
Therefore, if you recognize any of the problems we reveal in this TraderAi review, feel free to contact us. With our expertise in refund procedures and chargebacks, you are just one step closer to recovering the funds if you contact us. Don’t hesitate. Reach out to our team today and get your first consultation completely free.
FAQ Section
What is TraderAi?
TraderAI is a so-called software developer for automated trading and signals but in reality, it’s all designed to be an affiliate campaign for scam companies.
Is TraderAi Legit Crypto Bot?
Definitely not. The company claims to have 30 million + users and yet there are zero reviews.
What is CipherTrace?
CipherTrace tool helps our team to assist traders who were sending cryptos to track them and start the refund process. To get started with your refund, contact us right away.
Source:
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