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Independent rating of Forex broker TradingBanks

Broker ceased to exist

7/10 (votes 100)

On-line since
2015
Country of origin
Malta
Regulation
IFSC License Number IFSC/60/298/TS/15/
Payment options
credit and debit cards, wire transfer, CashU, PaySafe Card, and WebMoney e-wallets
Minimum account size
$250
Minimum lot size
0,01
Leverage
up to 1:400
Spreads
from 0.01 pips
The broker was established in 2015. The company based its work on the principles of transparency and maximum security of the clients’ funds. Investors at Tradingbanks have access to the variety of over 200 financial instruments, which will satisfy all their needs. The provided instruments will help the clients show their skills in trading on all popular stocks both on majors and minors, even on those currencies which are in limited demand.
The broker’s clients can choose between the following types of accounts: regular, silver, gold, platinum, institutional, and ECN NDD account.
The broker provides a trading platform with several modifications such as Android, iPhone, TabletTrader, and Web Trader.
Please read the reviews on Tradingbanks below to learn all pros and cons of trading with the broker.

Comments

Author: Sushan Date: 2021-10-18 01:48:48 (UTC+3)
TradingBanks is one of the worst brokers I've traded in forex market. I joined this broker last year, and they make me disappointed so much. In the beginning, this broker makes me pleased when I traded with them. Thus, this broker always supports me, and I easily get profit from them. However, everything becomes bad when I put more money to invest in this year. My initial fund grew up to $1000 from $200 in last year. On the other hand, it’s only $200 in this year when I get many losses. In fact, I’m hardly to made profit when I trade with large amount of money. Therefore, I decided to leave this broker by closing my account, but they don’t let me do this. They require me continue trading or deposit more money. Finally, I lost rest money, and I realize that they are the bad broker. In addition, their spread is also expensive among other brokers, and the customer support is rude. Especially, the worst thing about them is that they seem to always be trading against the individual traders, and I always got losses in trading. At the moment, I’m going to find another broker to trade, because I don’t want to work with this scammer any more. Stay away this broker.
Author: Ella Date: 2021-09-22 06:39:42 (UTC+3)
I invested the smallest amount at TradingBanks and I am grateful I did because the experience was terrible. The broker did not provide Forex education, and their platform often had issues. Making profitable trades was difficult when your platform crashes all the time.
Author: DillonFX Date: 2021-06-15 02:03:16 (UTC+3)
I traded with TradingBanks for 8 months, and I was totally disappointed. I don't like the way they serve me. Their employees weren't respected me as a trader, all strategies that they recommend didn't give me some profit, all was wrong, all was made at a loss. I tried to contact their support team, but I get their poor attitude. And this broker took my $250 when I withdrew my money. I had contacted their support many times, but I just got nothing from them. It has been over 4 weeks, and they are not replying. I think I am scammed. I don't want to join anymore after being fooled by their offer. My advice, be aware of this broker, they are one of the worst broker that I have ever traded in forex.
Author: Venusha Date: 2021-06-01 05:38:47 (UTC+3)
I started an account at TradingBanks and deposited the minimum initial deposit amount which is $250. I did not have a very pleasant experience, unfortunately, so I closed my account after a while. It took them quite a while before releasing my remaining funds as well.
Author: Farooq Date: 2021-02-15 02:50:44 (UTC+3)
TradingBanks is a cheater. They cheated me didn't give me my money. I have been trading with them for four months and earned a profit. Last month, I sent a withdrawal request but until now, nothing credit in my bank account. I have called them many times, but they ignore me. They didn't give any refund. All I gained in these four months is went to waste. To all traders, never trust this broker for your money. They will only steal it.
Author: Ohare Date: 2021-02-04 06:26:37 (UTC+3)
TradingBanks has both the good and bad aspects. I appreciate that this broker has a license which assures me that my funds are secured. However, their overall trading services are of poor quality. The trading platform often crashes and it interrupts my trading activities. I opted to close my account and thankfully, then released my remaining balance immediately.
Author: Hexia Date: 2020-12-15 07:51:56 (UTC+3)
TradingBanks is the ideal broker for me. Instant fills, and executions. Even my orders are executed during volatile market with excellent fills. I opened NDD account with $400 and then trade with this almost two months and I make profit $541. I also test their withdrawal process last month I send a withdraw request of $280 via PaySafe and I got my money within four hours. Their customer support department is so fast to respond my queries and friendly too. Yeah, will recommend.
Author: Georgy Date: 2020-10-19 04:38:01 (UTC+3)
I lost $368 in single trade due to their bad platform. The platform is not user friendly and it's really hard to customize. Spreads get higher too often, which cannot be an advantage for possible profits. And I think their platform is not suitable for beginners, it crashes many times and very confusing to use. Also, they don't provide a good support team. I closed my account at this broker and will never trust my trade with them anymore.
Author: Jenica Date: 2020-10-12 06:03:03 (UTC+3)
I recently closed my account at TradingBanks because their trading platform has become very faulty already. At first, it was still tolerable but as time passed by, it has become more unstable. I was no longer able to make any decent trades. Thankfully, when I decided to close my account, they released my remaining balance without a problem.
Author: Olatunje Date: 2016-09-13 08:46:22 (UTC+3)
My trading capital starts at 1000USD. At first I lost my 150U SD due to my negligence. After that incident, I promised to myself not to lost any single penny from my account. I tried to open a demo account to practice and avoid any issues that concerned to my deposits. After a month, I decided to manage my own account and the result was awesome. The demo account boosts my confidence. It helps me a lot. Today, I owned more than 3 trading accounts. I am also open for account management.

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