The Total Trader broker is an online investment house. It has been operational since 2017 and offers investment solutions for Forex an CFD. The platform also comes with the opportunity to trade cryptocurrencies under the CFD derivative.
So if you choose to use it, you will be able to invest in currency pairs, indices, commodities, stocks, and crypto assets. All with a single click of the mouse. The thing with such platforms is that if they are not licensed or regulated, you most certainly sign up for a scam.
The following review will cover the key aspects of the broker. It tries to answer the question whether Total Trader is a scam broker. Below you can find not just my insights into the brokerage, but also a recommendation on how to proceed further. Because this is definitely not a platform I would advise you to sign up for.
Read further to learn more and protect your funds.
Some Background Details
As I mentioned, Total Trader is a known name in the online trading industry. It was established last year, in 2017, as an investment platform for Forex and CFD. Just before the boom of cryptocurrencies.
Review Verdict: Total Trader Is Scam
Since then, two things happened almost instantaneously:
- Total Trader was exposed as a scam;
- Cryptocurrencies became the most sought-after asset;
- The scam platform decided to re-brand and reposition itself.
This is to be expected, since the competition in such a lucrative industry is fierce. Especially if your platform has been blacklisted by the community. Today we see the exact same old investment broker. The only difference with the old scam is that they offer crypto assets in the form of CFDs.
Otherwise, nothing else has changed much. It is not regulated, no financial authority monitors its operations to guarantee safety. It is an unsafe and unreliable investment opportunity.
Another thing that became equally popular as crypto, were crypto robots. But they would not be beneficial for you if they are not integrated with reliable brokers. Do not trust robots which are integrated with the Total Trader total scam. Only join investment systems with a proven track record and reliable partners. I can recommend you one such robot in the face of the authentic Crypto CFD Trader investment system.
Scam Elements & Posed Dangers
The first sign to consider in order to determine whether the broker is scam is the lack of transparency. They have introduced their account types to the potential clients but they lack one vital detail. It has not been specified what is the minimum starting deposit you can make in order to begin trading.
This means that once you sign up, you will be presented with the required amount, and it might not suit you. But you would have already given your personal information. This is a cause for concern. Scam brokers are notorious for their tendency to pressure clients and bother them over the phone with incessant calls, just to make the deposit.
Another element that shows these people have not made much effort to improve their investment offer, is the lack of assistance and training. Most traders who join the industry lack previous experience or knowledge. This means they will be in need of additional resources that can help them get a grasp of the industry.
Total Trader is not just a scam that lacks transparency and has not been improved since the last time it tried to lure new clients. It also lacks the capacity to cater to its traders’ needs. I have blacklisted it, and I doubt it will ever come out of that scam list.
The Total Trader is a scam broker house you should avoid. They cannot provide you with an ethical and authentic partnership. The problems that branded it a scam the last time it was around the industry have not been fixed.
This brokerage still has a lot of issues. They can be harmful to your investments. Do not blindly jump at the opportunity to trade crypto, instead carefully consider all of your options. There are a lot and much better alternatives you can choose from. I advise you to do it, instead of proceeding further with this dubious brokerage.
Review Verdict: Total Trader Is Scam
Hello, I am Collin Tyusm. I am a Forex blogger. I have created my blog, because I want to help people learn more about Forex & CFD Trading Software and Bots.