Trader Republic
We checked Trader Republic against the AskCheck register. It has been reported (2024) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Trader Republic (trader-republic.co / Trader Republic LLC.) claims to be an online trading platform headquartered in Switzerland together with offices in the UK and Canada, regulated by with SVG FSA, offering wide range of financial services, including Cryptocurrencies, Commodities, Forex, stocks, Indices and more instruments in global markets. Upon investigation, Trader Republic is not regulated by the Swiss Financial Market Supervisory Authority (FINMA), the United Kingdom Financial Conduct Authority (FCA), the Investment Industry Regulatory Organization of Canada (IIROC) and The Canadian Securities Administrators (CSA). We also didn't find any results in the Financial Services Authority in St. Vincent and the Grenadines(SVG FSA), an offshore authority that doesn't license forex trading brokerage activities. The truth is that Trader Republic is not regulated by any regulators. Letting it hold or control investors'money is unsafe, and the money can not be protected by any laws. Trader Republic is a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Trader Republic.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.