In this post, we scrutinize the legitimacy of Trader-Republic.co a trading platform.
This review delves into the critical question of whether Trader-Republic.co is a genuine platform or a potential scam.
What is Trader Republic?
It is an online trading platform offering access to various financial instruments like stocks, forex, cryptocurrencies, and commodities.
It provides different account types catering to varying trading expertise levels and educational resources to help users understand market dynamics.
The platform operates globally, with offices in Switzerland, Canada, and the UK.
As per Whois.com, Trader-Republic.co was registered on November 15, 2023.
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Website Profile
| Website | Trader-Republic.co |
| Name | Trader Republic |
| Registration Date | 15 November 2023 |
| Services | Trading platform |
| Address | Trader Republic headquartered in Zürich Walchestrasse 9, 8006, Switzerland |
| Contact | [email protected] |
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Trader-Republic.co Review
However, upon our research, we found several negative attributes about it:
1. False Claims
They say they are regulated by the SVGFSA to appear more trustworthy. However, when looking into it, there is no clear proof or official papers to back up this claim.
Their statement can be doubtful without proper evidence, so people might want to be careful before using the platform.
2. Recent Establishment
As per whois data, the domain Trader-Republic.co was registered on November 15, 2023, this means the website is less than one year old. This could be a trust issue because the site is new and doesn’t have a track record yet.
3. Inactive on Social Media
They are not active on social media platforms like Facebook, Instagram, and others, which makes it harder for customers to interact with them and stay updated.
This lack of communication can hurt trust and satisfaction because users have a harder time connecting with the brand and getting information quickly.
4. Negative Reviews
According to Trustpilot, there are two reviews, and both are negative. The reviewers warn people to stay away from Trader Republic. One person said they put in a small amount of money, and their investment went up at first.
But after that, the platform kept asking them to invest more money, saying it would help increase their profits.
When they couldn’t add more money, the company didn’t seem interested in helping them get their original deposit or any extra money back. Another reviewer called the platform a scam, which adds to the overall negative view of the service.
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Is Trader-Republic.co Legit?
No, Trader Republic seems not a legit platform.
It raises several red flags that may affect its trustworthiness. The platform claims to be regulated by the SVGFSA, but there is no clear proof to support this. The website is also quite new, registered in late 2023, and lacks a social media presence, which can make communication difficult for users.
Additionally, there are negative reviews on Trustpilot, with customers warning about issues like aggressive requests for more money and poor support when trying to get refunds.
These factors suggest that potential users should approach the platform with caution.
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