The brokerage project promises clients high standards of reliability. According to the information on the website, the organization’s representative office is located in St. Vincent and the Grenadines. Please note that the broker does not provide documentary evidence of registration, licensing and regulation of this firm.
Is it a reliable partner? Is it safe for you to trade here? You will find the answers to these questions in our TradersHome review, in which we look at important aspects of this broker.
How to Trade
The company provides 6 types of accounts for traders and promises to give them access to the MetaTrader 5 trading terminal. You can use the following features in your work:
- More than 400 trading instruments.
- Spreads from 0.3 pips.
- Islamic account on tariffs starting from $2,500.
- Access from Windows, Android, and iOS devices.
The site does not present information about commission rates, withdrawal rules or limits. You can find out these parameters only after logging into the system.
You will additionally receive the services of a personal manager, training, market analysis, and cryptocurrency converter. The FB, X, and Instagram icons located on the site allow you to quickly go to the broker’s accounts on these social networks. However, all of them stopped being updated 2 years ago, in July 2022.
TradersHome Vital Info
The firm’s history and launch date are not disclosed to platform users. There is no information on the website about the owners of the brokerage company and the project team, and social media accounts contain only similar images without descriptions, which is not typical for financial intermediaries. Despite the secrecy of the “leading stock market broker” we learned that the domain was created in 2012 and renewed in September 2023. However, this did not add clarity to the issue of the resource’s start date.
Legal information is also not disclosed on the site. What the company is actually called is unknown. We assumed that its name is similar to the name of the broker. Moreover, we still managed to find registration number 25183IBC2018 in the documents. However, the SVGFSA register does not mention either the number or the broker itself. Most likely, the owners of TradersHome did not bother to register the company, or it was canceled a long time ago.
I liked the fact that there are already good conditions for a starting trading account. Most other brokers force a trader to deposit a large amount of money as soon as possible. I increased my deposit to $770 in 3 months from a starting $250 with Tradershome. And this despite the fact that I once dropped to $124. However, it was my own fault :) The broker let me earn and I thank him for that!
I encountered fraudulent actions of TRADERSHOME, which led me to lose 80% of my deposit. I am now talking about the personal manager that this broker recommends to its clients. This slippery crook first rubs his trust in you, and then makes your deposit either immediately disappear or go into a huge drawdown. He asks you to add more money or not to fix the loss and hope for luck. Of course, this approach only leads to margin call and empty accounts. In general, I want to tell you, do not use the services of personal managers, otherwise you will lose all your money, as I lost almost $800 in a month.
At the time when I was still learning, experts said - it is not difficult to make 20% profit in a month, even for a beginner. And that many people do it. However, it will be difficult for you to make a stable profit on TradersHome and not lose all your invested funds. Two of the most common reasons for deposit draining are lack of strategy and trader's discipline problems. Your attempts to “gut” what the right thing to do will always end badly in the long run. The second point of failures is that a beginner just comes into this sphere, makes a few profitable deals and that's it - he has a false confidence that he has understood everything :) However, after that they ignore all the principles of risk management and start entering trades for some incomprehensible reasons ("it seemed to me"). I earn steadily on tradershome.com, not less than 160 euros a week, but I know several situations when my fellow traders increased their deposit 10 times in a couple of months, let's say, just at the expense of profits earned with this broker, and then they lost all this money in a week because of their irresponsible behavior.
Basically, I don't see anything decent and positive about this broker. And the main thing is that my view turns out to be true. Because I started trading on tradershome.com and quickly lost money. However, I lost over $2.4k through no fault of my own, but because the managers interfered with my trading. They call very, very often, it distracted me from trading. Many times I missed lucky moments and didn't manage to close the trade in time because of the calls of these scoundrels. There is no technical support from tradershome, you have to solve problems yourself. Managers who call only want to give recommendations and signals, and they are not interested in the technical problems of the client. They just say: write an e-mail to the technical department, they will sort it out...
I received my first profit withdrawal yesterday that I ordered from TradersHome. I will say that I read a lot of negative reviews about this company online, and I didn't know what I could expect anymore. I didn't even expect that I would get money on my bank card so quickly. I thought that managers would start tugging at me and dissuading me. However, I had to wait only a couple of days and the money appeared on my bank card. Thanks to the TradersHome staff for their efficiency! I hope for a long, fruitful, and most importantly profitable cooperation with you!
The broker has a good level of service. It has everything a good broker should have. However, I only give 3 stars because the administrators greatly delayed the verification process and I did not like it.
I worked with this broker 6 months ago. Everything would have been fine, but I had to wait a very long time for payouts! I accepted the fact that the trading platform was slow, but I couldn't accept such a long payouts!
If I see the following address: Suite 305, 5 Richmond Hill Road, Beachmont, Kingstown, Saint Vincent And The Grenadines, I immediately understand that most likely it is an common scammer. Because this is just a mailbox where offshore companies register. Go to any search engine and you will see many scam companies at this address. I can not trust my money to such crooks, I categorically forbid myself to cooperate with them, because such firms have one property - sooner or later they start making fraudulent schemes for their clients to drain their money, and some of them just block the account without the possibility to withdraw funds. Where can a trader turn in such a case? Nowhere!!! If you trade with fake companies like Tradershome, you have no protection against their fraudulent owners. I am sure that the user agreement on tradershome.com is such that the company can block you at any time without explanation. And you won't be able to go complain to the financial commissions, to the police, to the central bank - because you have the wrong jurisdiction. How can you trade for money in a company that is located on some islands, where you probably cannot even get to by plane. Look carefully, where the registration of the intermediary, so that then there were no problems with the inability to withdraw money.
In general, it is possible to work with this broker, but I did not like the fact that the withdrawal of funds is too long. And this is not all the problems, to get funds, you need a lot of documents for verification, and it is inconvenient. In addition, the charts are distorted during the trading process, as they are drawn completely incorrectly. I stopped cooperating with Tradershome, but it is only my decision. My experience is about three months...
I thought that since there are great conditions for trading here, the broker can be trusted, but in fact, it turned out to be very bad. The scam is that TRADERSHOME is refusing my withdrawal. To be exact, they do not refuse but just delay. I've been waiting for 6 weeks for my request to be processed! Managers do not answer the phone or emails. I wrote more than 50 times to info@tradershome.com, but in response - the requests were ignored. I do not know how to withdraw my money. The amount is considerable - €4,526, but it is impossible to withdraw it. Of course, I will try to contact law firms that help traders get their money back, but my intuition tells me that I should just accept this loss...
These guys use a solid trading programme. The spread is low, I have confidence that I will receive profit payments, as I have withdrawn money several times already - I have never had any problems. Technical support works well - operators give detailed explanations, not some nonsense with the purpose of just getting rid of you. I earn steadily, trading on tradershome.com has become the main source of income for me - I withdraw money 2 times a month, like a salary. I have no big complaints about this broker, on the contrary, I see that the project is trying to develop. I recommend it to everyone.
This is a typical offshore firm of crooks with inadequate promises. In my opinion, it is easy for beginners to remember a simple thing: if you are in the USA, look for brokers registered in the USA and working under the US legislation, so that all their activities are transparent and traceable. Agree that it is stupid to take money to an unknown person and hope for a miracle.
This is a regular B-book site, nothing more. If you are going to trade here on tradershome.com, remember that you will not go to the real market, you will work just with a picture that shows candles and prices. That's it. I made sure of that ☹️ Scammers can easily tweak such charts to suit their interests through the platform you are working on. I want you to be aware of this.
I realized late that I got into some dump, a scam, not a real brokerage firm. I'm trying to withdraw my money, 8,657 euros, and I can't...