The Truth About TraderXP and Their Business Practices

Over the last several years, binary options have gained much popularity in trading circles. Their simplicity and opportunity for quick profits have made them very attractive to short-term traders. This popularity (coupled with a lack of regulation in the industry) has created a rush of new binary option trading platforms into the market. With so many to binary options trading platforms to choose from, many traders aren't sure which businesses can be trusted with their trading dollars, and which ones cannot.

TraderXP falls into the group that cannot be trusted. We have heard many reports from past clients that once TraderXP has your money you are unlikely to ever see it again. These reports are not just indicative of traders who lost money in the market. These are people who have tried to withdraw funds from their account, only to get a series of excuses and lies as to why their money hasn't been sent.

In addition to making it extremely difficult to pull any gains out of your account, apparently they also make it difficult to create gains in the first place. Reports from clients say they do this by manipulating the data on their platform so that a winning trade turns into a loser. They other way we've been told they do this is they have sales people act as if they are trading experts and call you to take a position on their advice. The vast majority of this "advice" is either a complete guess just to get you to trade, or they are taking a position that is opposite of yours. Since these trading platforms are not regulated, there is no legal recourse against their actions.

Here are a few comments from past clients of TraderXP:

• TraderXP says that they are good for beginners. Actually, 'Beginners are good for TraderXP'. Because beginners are gullible and tend to trust whatever they hear without doing the due diligence. I have spoken with at least five people in the company. If I ever get to meet any of them in my life time, I shall ask a simple question, "why couldn't you find a better job than swindling innocent people through deliberate wrong information"?
• TraderXP is not worth it to trade with. IT IS WASTE OF TIME. I have been their and when they discover that you can make a profitable trade, they either hinder the performance of their platform thereby blaming it on a technical fault whereas they are the one working against your opened position.
• STOP STOP TRADING WITH TRADERXP
• I have to agree, TraderXP looks to be deliberately set up to free you from your money with rate display screens that jump from being 15 minutes delayed to real-time to registering rates that do not exist once the positions close.
• Avoid at all costs or your bank balance will be a lot lighter!!!
• TraderXP heals badly when you order to withdraw your money.

Based on statements from those who have done business with TraderXP, it's obvious that TraderXP is in business to separate you from your money...period.

Then Who Can I Trust?

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