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Summary of Traderseed Trading Company
Traderseed, which entered the financial market in 2018, quickly gained notoriety as a scam broker. Initially, it attracted clients with promises of high returns, low fees, and dependable trading platforms. However, problems soon arose. The broker lacked proper licensing or regulation.
Clients reported issues with withdrawing their funds, experiencing aggressive tactics from account managers pushing for larger deposits, and witnessing manipulation of trading results. Without regulatory oversight, Traderseed operated irresponsibly, leading to the misuse of client funds.
By 2020, global financial regulators issued multiple warnings about Traderseed, confirming its fraudulent nature. Consequently, the company went out of business.
As a result, the broker has been blacklisted in the cryptocurrency community.
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FAQs
Why has prop company Traderseed been blacklisted?
Possible reasons:
• The prop company Traderseed was found manipulating traders' evaluation stages, such as manipulating spreads, quotes, or forcibly closing trades under false pretexts.
• The website is malfunctioning or offline, and regulators have complaints against the company.
• The company lacks transparency, with complaints from traders.
I saw Traderseed in the blacklist. What should I do?
Take this fact into account. Prop trading during the evaluation stage involves trading on a demo account, so your only risk is the fee paid for the evaluation. If you plan to redo the evaluation, consider choosing a different company.
Should I continue working with prop company Traderseed if it’s been blacklisted?
If you are already in the evaluation stage, continue to complete it. This is additional experience for you without any significant risk. There’s a chance the prop company could be removed from the blacklist by the time you finish.
How can I file a complaint against a prop company to have them blacklisted?
You can share your review through the form on this page. Alternatively, you can send an email to Traders Union's support service, providing details of your experience with company Traderseed along with supporting screenshots. After reviewing your complaint, Traderseed may be added to the blacklist.
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