MentorTrades (mentorstraders.com) has been flagged by ASIC (Australia) for "Unlicensed". Phones: 61375032473, 442035970695
Addresses: 1 Granary Street London N1C 4PF This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.mentorstraders.com.
Where do I even begin with MentorTrades (mentorstraders.com)? for about ten months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Helpful community forum|Economic calendar|Reliable uptime
Cons: Email notifications too frequent|Onboarding videos are outdated
I signed up with MentorTrades (mentorstraders.com) after seeing their ad online and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: High security standards|Social trading features
Cons: Alert system is basic|Cannot customize dashboard fully
MentorTrades (mentorstraders.com) locked my account without warning and demanded documents I had already submitted. since early this year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Fast execution|Good mobile app|Quick verification
Cons: Wait times can be long during peak hours|Spreads widen during volatile periods
My withdrawal request from MentorTrades (mentorstraders.com) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Smooth onboarding|Regular platform improvements|Great customer service|Transparent fees
Cons: Search feature is basic
MentorTrades (mentorstraders.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Instant funding|Automated trading options|Great customer service
Cons: Limited ETF selection