TradersRoom has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 646-490-2680, 888-899-2443
Addresses: 6943 198 Street Fresh Meadows New York NY 11365 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.tradersroom.com.
I wanted to transfer my portfolio from another broker to TradersRoom. 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: Low minimum deposit|Detailed reporting|Professional team|Comprehensive tools
Cons: Email notifications too frequent|None so far
The hidden fees at TradersRoom are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Intuitive for beginners|Customizable dashboard|Reliable uptime|Two-factor authentication
Cons: Nothing significant
What really bothers me about TradersRoom is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a podcast recommendation and I fell for the polished exterior. Never again.
Pros: Low minimum deposit|Stable platform
Cons: Currency conversion fee exists
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. TradersRoom recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Fast execution|Regular updates|Risk management tools|Educational resources
Cons: None so far|Limited demo account features
After spending for a few weeks now trying to make TradersRoom work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Copy trading available|API access|Automated trading options|Excellent charting
Cons: Limited demo account features|Website design could be more modern
TradersRoom locked my account without warning and demanded documents I had already submitted. for the past year and a half later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Low minimum deposit|No hidden fees|Fast deposits
Cons: Cannot customize dashboard fully|Wish they had more educational resources
The platform at TradersRoom is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for over a year of dealing with this, I have had enough.
Pros: Personal attention|Intuitive for beginners|Excellent charting|Clear documentation
Cons: Could offer more webinars|Limited cryptocurrency options
I am in a dispute with TradersRoom 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: Risk management tools|Personal attention|Good analytical tools|Real-time alerts
Cons: No phone support on weekends
I trusted TradersRoom with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: High security standards|Quick verification
Cons: Spreads widen during volatile periods|Withdrawal takes 1-2 business days
I had a dispute with TradersRoom 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: Dividend tracking|Portfolio tracking tools|Good mobile app|Great customer service
Cons: Live chat only during business hours