Trader Academy (traderacademy.co) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: 90 Budapeshta Sofia Bulgaria This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: traderacademy.co.
I had a dispute with Trader Academy (traderacademy.co) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Regular platform improvements|Two-factor authentication|Clean UI
Cons: Limited demo account features
I experienced a security concern with my Trader Academy (traderacademy.co) 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: Fast execution|Responsive team|Stable platform
Cons: Alert system is basic|Minor UI glitches occasionally
I gave Trader Academy (traderacademy.co) a fair chance. After since I opened my account last year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Regular platform improvements|Great customer service
Cons: No dark mode on mobile|Search feature is basic
The reporting at Trader Academy (traderacademy.co) 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: Reliable uptime|Clear documentation
Cons: Limited demo account features|Website design could be more modern
If you are reading this considering Trader Academy (traderacademy.co) - run. I wish I had read more negative reviews from a blog post comparing services. I thought the positive ones were real. Maybe some are. My experience over for over a year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Multi-currency support|Responsive team|Easy to use platform
Cons: No crypto staking
My card was charged twice by Trader Academy (traderacademy.co) on the same day. I had to dispute it with my bank. Trader Academy (traderacademy.co) 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: Intuitive for beginners|Competitive fees
Cons: Limited social trading features|Some tools only available on higher tiers
I wanted to transfer my portfolio from another broker to Trader Academy (traderacademy.co). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Customizable dashboard|Easy withdrawals|Social trading features|Segregated accounts
Cons: Minimum deposit could be lower
I lost a significant amount because Trader Academy (traderacademy.co) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Detailed reporting|Portfolio tracking tools|Social trading features|Market news feed
Cons: Limited cryptocurrency options
The onboarding at Trader Academy (traderacademy.co) 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: Intuitive for beginners|No hidden fees|Comprehensive tools
Cons: Live chat only during business hours|Desktop app not available on Linux
I signed up with Trader Academy (traderacademy.co) 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: Social trading features|Dividend tracking|API access
Cons: Limited demo account features|Mobile app could be improved