Trader-republic.co is a new broker promising to make traders financially indepedent. The firm refers to themselves as “market leaders” who are offering “expert analysis” so that their clients can “level up”. Nonetheless, Trader Republic is doing very little to gain the trust of individuals who are looking for serious brokers in the year 2024. Due to multiple red flags that have plagued this broker, we saw that it was expedient to list 5 reasons why we don’t recommend this broker.

5 Reasons not to trade with Trader-Republic.co

1. The broker’s licensing and legal status is questionable. Their website shows visitors a badge for the St.Vincent and the Grenadines Offshore Secrecy and Regulations. This is not a legitimate Forex broker authority and the badge is meaningless as it doesn’t guarantee that the broker is ethical and abiding by industry standards to ensure safety of funds and fairness for all clients.
2. Trader-Republic is a very new website and when choosing a broker, you should never pick a broker that set up business a few weeks ago. These brokers lack a proven track record for performance and you’re most likely going to fall into the wrong hands. Choose brokers who are established in the industry.
3. Trader Republic is potentially related to another scam broker called Trade Republic. The latter is currently advertising all over the internet to make their brand look as if it’s not a scam. This practice is deceptive as new traders are the target who will quickly believe these promotion materials.
4. No demo account for traders who want to practice. The broker claims that they’re taking care of the needs of all their traders but on the other hand stating that new traders must start with $500. Genuine brokers don’t require any deposit because they have a demo account where beginners can horn their skills. Trader Republic wants your money and they are in no way interested in your success.
5. This broker is a WebTrader platform that is known to widen slippage and charge exhorbitant fees. Since they are unregulated, you can be sure that the broker will try to sabotage your trades to make attaining success impossible.

Conclusion of this review

You should be wary of brokers who show the above signs and red flags. Lack of transparency is never a good sign when it’s coming from a broker who is telling you that you should commit $500 upfront to trade. Beginners are most vulnerable but now that you have read this review, we recommend staying away from such a broker.