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Is Seedoro Bank Safe or Scam?

Andrey Mastykin
Written by:
Andrey Mastykin
Chinmay Soni
Reviewed by:
Chinmay Soni
Mirjan Hipolito
Fact-checked by:
Mirjan Hipolito
Updated:
June 04, 2026

Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

What is known about Seedoro Bank at the moment?

Seedoro Bank is a Bolivia-based entity that presents itself as a private bank offering a wide range of services, such as deposit accounts, debit cards, investment products, and forex/binary trading platforms. However, the UK Financial Conduct Authority (FCA) has issued a public warning stating that Seedoro Bank is not authorised to provide financial services in the UK and is actively targeting UK consumers—meaning any interactions with it are not protected by the UK’s Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS). Local Bolivian reporting also labels Seedoro as a "ghost bank" issuing false registration numbers and fraudulent investment claims aimed at naively trusting consumers seeking offshore services. The FCA and independent analyst warnings strongly recommend avoiding Seedoro Bank altogether—given its unregulated status, false credentials, and high risk of being a scam, potential users should steer clear.

Company name Seedoro Bank
Foundation date N/A
Registration address Av. Banzer Km 8.5, Condominio Las Brisas, Zona Norte, Santa Cruz de la Sierra, Bolivia
Operating geography Globally
Specialization Forex and Binary Options trading
Regulation ⚠️ Scam
Official site The website is unavailable
Contacts
info@seedorobank.com
591 77307399; 591 33701515
Disclaimer

Information is based on publicly available regulatory sources and published in accordance with our Financial Warnings & Scam Database methodology.

TU Expert Advice: “I do not recommend Seedoro Bank”

Anton Kharitonov
Anton KharitonovChief Analytics Officer

I have been working in the financial services market for a long period of time and consider myself an expert in safe investing. I can note that Seedoro Bank demonstrates the following characteristics:

  • Seedoro Bank is not regulated by a Level 1 regulator.
  • Seedoro Bank is not regulated by a Level 2 regulator.
  • Seedoro Bank is not regulated by a Level 3 regulator.
  • The company is either registered offshore or its registration number cannot be confirmed through official online databases.
  • The information about the Seedoro Bank’s management is either absent or unreliable.

I recommend completely disregarding any mentions of such companies and refraining from doing business with them and its affiliate bodies. If you are already a client of such a company, immediately explore all options for getting your money back, up to filing a complaint with the financial oversight authorities and courts.

I recommend choosing only reliable and verified partners for trading on financial markets. You can use our 'Find my broker' tool for this purpose.

Which sources were utilized to evaluate the security of Seedoro Bank?

The following information was used for the analysis and assessment of Seedoro Bank reliability:

  • Registration details and information on licenses of brokers, financial companies, and their subsidiaries are published on their official websites.
  • Information from regulators' registries, including warnings, comments, and publications by regulators.
  • Data from analytical portals, including reviews, complaints, and claims filed by traders.

The latest database update: June 04, 2026.

Why do we have the expertise to assess the reliability of Seedoro Bank?

Over the years of working with the analysis of financial companies, Traders Union has accumulated a significant knowledge database. Our analysts know how to distinguish scams from reliable companies. Every month, we publish important insights on this topic.

Tools Used by Scammers to Deceive Traders (June, 2026)
Deepfake: Scammers use AI-generated videos to offer investment opportunities in highly profitable projects. For example, you might see a video where Elon Musk recommends investing with a certain broker. In reality, the video is a deepfake created by AI.
Pseudo Hacking: Scammers create a fake broker page and persuade potential victims to risk a small amount of money. Victims then receive a message that their accounts are blocked due to a hacking attempt or a message from technical support asking for personal information to secure their accounts. Ultimately, victims provide scammers with access to their emails, wallets, and bank cards.

Conclusion Before starting to work with a broker, gather as much information about the company as possible. Compare its registration address and phone numbers across different resources. Ensure that the user agreement matches the company you intend to work with. Check the website for inactive links or layout errors.

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We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

Selfie Credit Com Select Capital Ventures SA Selective Insurance Victory Finances UK WealthWhiz WORLD MASSIVE INCOME 1st American Securities 24 Provident Trade 362livefxmarket

Be careful and cooperate with the trusted brokerage companies only.

Should you identify any inaccuracies on this page or possess additional information about this broker, we kindly request you to inform us.

Editors' Top Picks and Insights

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Team that worked on the article

Andrey Mastykin
Andrey Mastykin
Head of Company Reviews and Ratings

Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform.

Learn about our editorial policies
Chinmay Soni
Chinmay Soni
Head of Fact-Checking Department

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data.

Mirjan Hipolito
Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets.

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