Traders Flip Complaint Review
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Traders Flip is a UK based trading platform that offers a lot of trading instruments and asset classes to the retail traders. Amount of leverage they provide is capped at 1:30 which is in-line with a lot of reputable UK brokers.
However, this one is not licensed by the FCA and as such, they might be operating illegally. The minimum amount required to get started with them is around $10,000 which is too steep.
Also, as they offer only web based trading interface, it might not be suitable for all types of traders. Continue reading to figure out whether you should even consider them in the first place.
What is Traders Flip?
Traders Flip is an online forex and CFD broker. Trading conditions they offer along with funding methods are pretty straight forward. However, the main concern with them is their age and lack of regulation.
Moreover, they have garnered warnings from few authorities and niche specific platforms. As end users, we need to look at all the aspects of the platform and unless we are satisfied that it is the best in every way, no one should deposit with them.
Contact Information
Here are the contact details we gathered from their platform. If you have any experience with them, share with us in the comment’s section below.
- Phone – +61261893911, +442039914325
- Address – 180 Strand ,Temple,London WC2R 1EA, UK
- Email – support@traders-flip.com
Is Traders Flip Scam or Legit?
Traders Flip is not a reputable trading solution as it lacks a lot of essentials like considerable user reviews, licenses and social proof. Entities like this one are unlikely to use ethical business practices and as such, stakes odds against the clients.
Moreover, the required capital is at least $10,000 which is more than the amount regulated and reputable brokers ask for. So, ask yourself, do you want to risk a big amount to try out a broker that doesn’t have the basic etiquettes?
Conclusion
Online trading is a huge segment, while the popularity continues to grow, people need to know the basic framework and regulatory requirements. As long as Traders Flip is considered, given the current circumstances, stay away from them.
If you have already suffered any kind of damage, use the comment’s section below to share your experience.