Traderup Review: The Very Best Trading Conditions or a SCAM?

Traderup - logo
Rating:
1.3

Traderup claims to offer the very best trading conditions, which certainly sounds appealing to potential investors. However, we’re here with this review to dig deeper and determine whether these claims hold water or if this is just another attempt by a potentially scam broker to lure you into its web.

Traderup General Information

Website https://www.traderup.com/
Phone Number +442039960967
Email
Address 133 Upper Richmond Road, Putney, SW15 1QQ, United Kingdom
License
Minimum Deposit $300
Assets CFDs
Leverage
Trading Platform WebTrader

Registration and Client Portal Review

Well, it’s hard to imagine a site duller than the one Traderup has crafted for itself. Seriously, take a look for yourself. What are we dealing with here? A standard white-and-blue background, generic inserts, and chart drawings, and the typical self-praise. Someday, we might encounter a broker that doesn’t leave us bewildered by its reluctance to put effort into creating an official website, but it doesn’t seem like that day is coming anytime soon. Useful content here is also minimal, with perhaps the account descriptions and the FAQ section worth noting.

Traderup - website

Registering on the Traderup website is quite the adventure. For instance, we spent a good 10 minutes searching for the registration form because, instead of the expected “Get Started” button, there’s only a login form. And guess where we eventually found the registration form? In the chat! It’s just sitting there as if it’s always been there, waiting for you to click on it. Whether you figure that out or not is apparently your problem.

Register

However, here’s another kicker: even if you do manage to find and click on the “Register” button, you’ll still end up back at that same pesky login page. What’s going on here and why Traderup is so intent on hiding its client portal is a real puzzle to us.

Traderup Trading Conditions

If you thought the registration form was the end of the oddities, just wait until we delve into the trading conditions. Here, we encountered quite a bit of interesting surprises as well.

Account Types Review

So, Traderup offers its clients five account types. You can start trading with the Bronze account. However, you’ll need to deposit a minimum of $10,000. Where did these numbers come from? Well, we’re not quite sure, especially since the FAQ states that you can fund your account with as little as $300. Overall, what happened with the trading conditions here is anyone’s guess. The other account types, respectively, require deposits of $25,000, $50,000, $100,000, and $250,000. If you ask for our opinion, no, the broker is not worth it, not even remotely. Seriously. In the higher-ranking accounts, Traderup offers increased leverage, personal manager support, practical training, risk-free trades, and other stuff that has nothing to do with real brokers.

Meanwhile, even in the account descriptions, there’s not a word about the actual leverage size, commissions, spreads, and other important details.

Trading Platform

As for the trading platform Traderup offers, it’s yet another puzzle. Traderup proudly labels it as their proprietary platform, but we haven’t heard of this software claiming any notable spots or receiving awards in the industry. This platform seems to be quite obscure. Furthermore, you can’t download it from an official app store; you can only access the web trader version. And that’s if you manage to decipher the puzzle of how to register here in the first place. Moreover, Traderup doesn’t even provide a demo account. In short, we’re tired of listing the downsides.

Traderup — Deposit and Withdrawal of Funds

Funding and withdrawals on the Traderup platform, well, they’ve brought us to the point of amusement. So, Traderup claims to be so different from other brokers that you’ll be thoroughly impressed, even with regard to depositing funds. To deposit money into your account, you’ll need to contact the project managers via phone. They’ll dictate to you where to send your funds in a live chat fashion. Yes, indeed, why bother providing banking details openly like an honest company, right?

Oh, wait, there’s more to this intriguing story. Withdrawing your money won’t be a straightforward process either. So, as soon as you initiate a withdrawal request, the manager assigned to your account will quickly realize it’s detrimental to your financial well-being and promptly inform you of this. Well, we don’t know about you, but we don’t appreciate some manager making the decision for us about whether we should withdraw our money from the platform. In our opinion, the answer is quite clear. All of this appears to be nonsense and absurdity.

Verification

And despite the fact that registering on the Traderup platform is a challenging task in itself, this semi-anonymous broker also requires you to undergo verification. The documents required for this process include something that can confirm your identity and your place of residence. Additionally, out of the blue, they’ll ask for a photo of your card. Why, you might ask, especially when it’s entirely unclear how you’ll even be depositing funds into this platform? You know, throughout this review, we’ve come to the conclusion that Traderup falls into that category of brokers who don’t quite understand what they’re offering and doing themselves.

Additional Options

Unexpectedly, Traderup offers bonuses to your account. After you deposit funds, you can receive a 100% bonus from the broker. Of course, this is not a gift. Bonus funds will need to be worked through before you can withdraw them. Additionally, it’s worth noting that reputable regulators typically prohibit such promotions like deposit bonuses and, in general, discourage brokers from incentivizing clients to deposit funds in this manner. However, it seems that Traderup is not overly concerned about this.

Is Traderup a Scam?

Now, let’s finally address the most crucial aspect that concludes any broker review – Traderup legitimacy.

So, the legal information is the little information that is actually available on this website. However, it’s a bit strange that it’s located under the bonus policy tab, but let’s move on. Traderup claims to be officially registered in England. Well, let’s start.

The British registry is one of the easiest to search in, and as you might have guessed, there is no entry for Traderup Management. There are a hundred other matches, but a company with that exact name is not registered. Furthermore, there is no information about such a firm in the FCA registry. This implies that it doesn’t have a license for brokerage services. Well, what kind of license can it have if it’s not even officially registered?

Legal data check

Traderup.com Domain Info

We have reservations about the fact that this broker has been operating for a very short time. It’s just too unknown, and there are very few reviews about it. To support our perspective, we can provide domain data. The official website of this so-called “broker” was registered in 2014. How is that possible? Well, it’s quite simple. These individuals acquired an old domain. In fact, web archives clearly show that it was inactive until 2023, and only in the summer did Traderup start filling out its website.

Domain check

Contacts Review

You can contact the broker via phone number and even live chat. However, when it comes to the address provided, we would strongly advise against physically visiting it. This is because you won’t find a single fake employee of this fake broker in that fake office.

Pros and Cons

  • None.
  • Registration challenges.
  • Lack of information.
  • Limited platform accessibility.
  • Withdrawal and deposit issues.
  • No licenses.
  • Dubious history.

 

2.3 TOTAL SCORE

Traderup Summary

Traderup - favi

Traderup appears to be a highly questionable broker that we strongly advise against engaging with. The platform's numerous red flags, including registration difficulties, lack of crucial information, limited platform accessibility, withdrawal and deposit complications, questionable regulation claims, and a dubious domain history, all point to a potentially fraudulent operation.


Website information content 3
Client Portal 2
Trading conditions 3
Trading platform 3
Deposit and withdrawal 2
Verification 4
Extra options 3
Licenses and guarantees 1
Work duration 1
Feedback 1

Frequently Asked Questions (FAQ)

What Does Traderup Offer?

It claims to offer a range of trading services, including access to various trading accounts and financial instruments.

How Much Money Should I Invest With Traderup?

Traderup’s minimum deposit requirement appears to vary. According to their website, the minimum deposit can range from $300 to $10,000 or more, depending on the chosen account type and trading conditions.

Is Traderup Safe?

No, Traderup does not appear to be a safe and trustworthy broker based on our evaluation. Multiple inconsistencies, questionable practices, and a lack of regulatory oversight cast significant doubt on the platform’s legitimacy.

Subhash Mishra
Forex & CFD Trader

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

Subhash is a Bengali who has been trading for 16 years. You will find the most objective reviews of Forex and CFD brokers in his articles.

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Client Reviews

  1. Glover

    Fantasizers and fabricators

    According to the information available on the website of this fake brokerage company called Traderup, it’s clear that this site is an ordinary fraudulent fake, and the company doesn’t actually exist. For example, you can easily understand this by checking the legal address mentioned on the website. There is indeed a building there, but no such brokerage company is registered in it. Apparently, the scammers simply provided an address randomly, hoping that people would believe that the company really exists and is located in the UK. But this is easily verifiable, and thus, you can expose these scammers within a couple of minutes and realize that you shouldn’t have any dealings with them.

    Reply
  2. Milton Cook

    Calling from some scammers.

    I recently encountered a series of strange calls on my mobile phone. Young people were calling, claiming that I had left my number and applied for a consultation on brokerage services. They knew my full name but couldn’t answer when I asked where and when I had submitted such a request. They quickly shifted the conversation to the topic of earning money through trading. They asked if I would like to try my hand at trading, assuring me that I wouldn’t need to fully immerse myself in the project, just invest and work under the guidance of a manager. They were very persistent in their calls. Initially, I hung up on them, but later, out of curiosity, I decided to listen, hoping they would stop bothering me.
    During the conversation, they invited me to the Traderup broker, shared the website address, and told me how their clients were making good money starting with small deposits. But when I asked why the person calling me was engaged in low-paying phone marketing rather than making millions with their managers, they seemed to hesitate. He even amusingly asked something like, ‘Do you know how much I earn?’ Well, probably not the tens of thousands of dollars he promised me in the future if he had to sit on the phone and call people, offering them to start trading with a strange company. In short, I had a good laugh with them; it was evident from the start that these were some scammers. They are certainly financial fraudsters, but they won’t get any of my money.

    Reply
  3. Kenny NG

    SCAM

    Request to settle position and withdrawal: The traderup support insist to operate my personal bank account thru AnyDesk. And menaced me that he will block my active account and let me account to be zero. How funny, said he will let my money to be loss or let him operate my bank account. I paid full price to purchase the BTCUSD and no margin, why he has right to lock my account? And now, my account is restricted. This is a actually a SCAM.

    Reply
  4. Kenny NG

    Traderup is scammer

    The traderup support can withdraw client money with confirmation. His reson is the client did not co-operate for his operation, he requests client log-in client personal e-banking and operate thru AnyDesk directly. He said he need to trnasfer same investment amount for settlement.
    Final I did not let him operate my e-banking. He took all money from my account and said my fund is BURN. And he said the trade thru Bybit, but no transaction hositry in my Bybit account.

    Reply
  5. Sean

    Pushy early days next days will tell.

    Opted in last week cashed out today for withdrawal!,no sign of any contact or recognition of said withdrawal?,powers that be who were initial contacts let’s see if they stick their heads above tha parapet in the morning?,fingers crossed.

    Reply
  6. Philippe Delfosse

    Tu

    Hi, traderup .com is a scam site who stole me thousands of euros,place on bitcoins, no possible to get back. Belgium Fsma noted this site as a fake …

    Reply