Trader500
We checked Trader500 against the AskCheck register. It has been reported (2022) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
Trader500 claims to be a reliable broker which is fully licensed and regulated but does not give a clear statement about which country of authority it has regulations in. Besides, Trader500 presents no details about its company information (company full name, office address) or any details that can be used to trace this broker. Lacking such important information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their accreditation and licenses in a prominent position. The truth is, Trader500 is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it 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 Trader500.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.