Extream Traders has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: extreamtraders.net.
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Extream Traders is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Professional looking website
Cons: No regulatory oversight|Money disappeared|Fake testimonials
The reporting at Extream Traders is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: No hidden fees|Multiple order types|Copy trading available
Cons: No crypto staking|Mobile app could be improved
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
After seeing ads for Extream Traders online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Conduct Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Not registered with regulators|Unrealistic promises
I experienced a security concern with my Extream Traders account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Full transparency|Multi-device support|Good mobile app
Cons: Onboarding videos are outdated
Extream Traders changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Helpful community forum|Competitive fees|Wide product range
Cons: Alert system is basic
My card was charged twice by Extream Traders on the same day. I had to dispute it with my bank. Extream Traders then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Stable platform|Smooth onboarding
Cons: Nothing significant|Currency conversion fee exists
Customer support at Extream Traders seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Helpful community forum|Good analytical tools|Fast execution
Cons: Withdrawal takes 1-2 business days|No integrated tax optimization
I am in a dispute with Extream Traders over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Personal attention|Great customer service|Low minimum deposit|Risk management tools
Cons: Wish they had more educational resources|Email notifications too frequent
The onboarding at Extream Traders was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Multi-device support|Full transparency|Helpful community forum
Cons: Research section could be deeper|Could offer more webinars