ALERT | Review: Is it Legit or a Scam?

Thetradersdomain logo
Rated 1.7 out of 5
Scam Company
1.7 out of 5 stars (based on 3 reviews)


Item Description Website Information
The Traders Domain
Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St.Vincent and the Grenadines
+18334004242 (U.S)
CloudFlare Inc.

Disclaimer: The information on this document was based on information gathered during the website investigation period. Please note that the information provided might be outdated because there might have been changes on the investigated website (i.e. website had been suspended or website had changed owners and changed its content).

What Is About?

The Traders Domain is a foreign exchange broker that is not subject to any regulatory oversight and has its headquarters in Saint Vincent and the Grenadines. 

Traders Domain asserts that it provides traders with access to the MetaTrader MT5 and MT4 trading platforms. These platforms are offered as a webTrader, mobile application, and desktop version for both PC and Mac computers. 

A total of over 50 forex currency pairs, energy, gold, silver, oil, bitcoin, and other cryptocurrencies, and contracts for difference (CFDs) are said to be among the financial tools offered by TheTradersDomain. Currently, it is being investigated and being looked into as a potential scam.

The Traders Domain about us

What Does Promise to Its Customers?

Bitcoin, Visa and MasterCard, bank/wire transfers, and other payment methods are all accepted for making deposits and withdrawals at the brokerage. 

In the terms and conditions of the brokerage, we did not find anything that was particularly surprising. However, there is a significant withdrawal processing fee of fifteen percent for accounts that have not had any active trades in the recent past. However, even though we were unable to locate any other information on the conditions of the brokerage, we cannot be confident that the brokerage will not charge any other unforeseen fees. 

Because of this, it is imperative that we also remind readers of the various ways in which a trader might investigate the intentions of the brokerage. Traders should always put up only the needed minimum deposit instead of risking a larger amount with no certainty, as this is the first piece of advice that should always be followed. 

After that, they might also attempt to withdraw a modest sum to check for any unforeseen costs or delays that might occur. The presence of such fees and delays is typically indicative of fraud.

The Traders Domain Offers

Is a Scam or Legit?

Everyone wants to find the answers of, 

Is Legit? 

Is a Scam? 

Can be trusted?

St. Vincent and the Grenadines is an extremely desirable offshore site for brokerages, and The Traders Domain is registered there. 

The government of the country does not regulate foreign exchange trading, although the laws regulating the registration of a company are quite lax. In addition, even though The Traders Domain claims to offer the MT5 platform, the broker does not give a demo version of the software. 

As a result, we are forced to conclude that the brokerage likely does not support the MT5 platform. Because of such misguided attempts to mislead traders, in addition to the clear absence of real regulation, we are inclined to question whether or not potential customers of the brokerage are exposed to a significant level of risk.

Thetradersdomain Red list

We strongly recommend that traders avoid taking such a risk in their trading by only affiliating themselves with brokers who are regulated by reputable regulatory agencies like the FCA and CySec. These agencies demand that brokers comply with several stringent rules that provide a significant level of assurance regarding the safety of their client’s funds.

The practice of keeping separate accounts is one of the regulations that is considered to be of utmost significance in the business sector. This is because it significantly reduces the likelihood of commingling occurring. One more is the requirement that the broker takes part in a compensatory program, through which the client’s losses will be compensated in the improbable event that the broker attempts to defraud traders or declares bankruptcy.

Even if the world of forex trading is incredibly big and includes millions of people from all over the world, the most common form of fraud is rather plain and easy to understand. As a result, avoiding it does not require a great deal of bravery on your part. The following is a summary of how it should be done:

If you click on an advertisement that promises you quick money, you will be taken to a website such as Bitcoin Evolution or The bitcoin miner, where you will be required to provide your physical address, email address, and phone number to complete the registration process. 

After you have shared your personal information, you will start getting calls from brokers who will convince you to invest with them so that you may increase your chances of winning big. After listening to their sales pitches for a few minutes, you decide to deposit between $200 and $250. And just like that, the con artists take a hefty commission from the first deposit that the victim makes.

After they have finished taking advantage of you, they will continue convincing you to put in even more money. They claim that it is the only way to increase one’s overall profits from trading. After realizing what a bad decision it was to invest any additional funds, you will eventually feel the need to get out of this situation and take what money you still have.

The Traders Domain Terms

Comparing To Well Established Companies

If we compare The Traders Domain to Binance, we realize that none of the red flags discussed in this article are present.

So, is thetadersdomain.con a scam?

It is a licensed, well-established company with trained brokers who never force you into making payments you are unsure about. They also assist you along the process instead of taking advantage of your newness to the industry; they don’t exploit you and do not steal your money.

What Do Customers Have To Say About Thetradersdomain?

Other reputable information websites have posted a Review and it consisted of mixed views. Some people claim it to be legit while others say that it is a scam.

However, we believe that it is a complete scam since a lot of people seem shady regarding the company. Sure, the rating is high but you cannot ignore the factors that make it seem like a fake website.


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How to Get Your Money Back If You Have Been Scammed By

As was just discussed, fraud is unfortunately rather frequent in the business world, and there is a possibility that you, too, could fall victim to it.

Despite the unfavorable circumstances, there is still a possibility that you have some choices.

You may submit a chargeback request by contacting your bank or the supplier of your credit card. It is vital to take note of the fact that both Visa and MasterCard are taking steps to prevent unregulated forex brokerages by labeling all forex transactions as high risk. This is something that should be taken into consideration at this juncture. 

And in the instance of The Traders Domain, they are doing what is right to do in doing so. In addition, to demonstrate that they mean what they say, MasterCard has extended the number of times customers have to file a chargeback claim from the prior period of six months to one and a half years. It is anticipated that Visa would do the same in December.

If, on the other hand, you have shared the particulars of your credit card with the broker, you should immediately cancel your credit card.

Conduct proper research before committing to a particular company and look out for red flags. And if you got fraud by this kind of company, all you need is Ez Chargeback to solve your problems!

EZChargeback only partners with the most trustworthy and capable scam recovery organizations.

Once you consult with us, we will be able to help you solve your problem and refer you to the top asset recovery firms that will get your money back!



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