Experienced Traders is a forex broker whose official website was registered on October 6, 2023. This broker mainly provides users with numerous trading markets through trading platforms such as MT4, MT5, and cTrader, including forex, commodities, indices, bonds, cryptocurrencies, stocks, futures, and more, excluding business operations in the United States, Canada, Israel, New Zealand, Japan, and Iran.
Company Registration Information and Regulatory Status:
Public information on the official website of Experienced Traders reveals that the broker consists of multiple corporate entities and is regulated by different regulatory authorities.
The broker's entity registered in the United States is Experienced Traders Ltd, with a business registration number of 9291655-2. This entity is authorized and regulated by the "Financial Services Authority of the United States," with a license number of RD07599. The entity registered in Australia is International Capital Markets Pty Ltd, with a registration number of 123 289 109, which is authorized and regulated by the Australian Securities and Investments Commission (ASIC), with a license number of 342893. Its entity in Cyprus is Experienced Traders (EU) Ltd, which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), with a license number of 493/16. Additionally, the broker's entity in the Bahamas is Experienced Traders Ltd, with a registration number of 36424 C, which is authorized and regulated by the Securities Commission of the Bahamas (SCB), with a license number of PIA-F629. Furthermore, the copyright at the bottom of the Experienced Traders official website attributes ownership to Raw Trading Ltd.
Upon verification, it turns out that there is no financial regulatory authority called "Financial Services Authority of the United States." International Capital Markets Pty Ltd and Raw Trading Ltd are corporate entities of the broker IC Markets, with ASIC's official website indicating that the entity with license number 342893 is DJA CAPITAL PTY. LTD, a private financial services consulting firm. Additionally, CySEC has no records of an entity with license number 493/16, and SCB does not have a financial category named PIA.
Therefore, the registration and regulatory information displayed on the official website of Experienced Traders is partially fabricated and partially stolen from other companies.
Opening an Account:
To open an account with Experienced Traders: Visit the broker's official website homepage, click on “OPEN AN ACCOUNT,” enter the required personal registration information on the registration page, and submit. After submission, the account will be successfully registered.
Trading Accounts:
Experienced Traders offers three different types of trading accounts: cTrader Account, Raw Spread Account, and Standard Account.
cTrader Account:
- Trading platform: cTrader
- Trading commission (per lot): $3.0 (round turn $6.0)
- Spread: From 0.0 pips
- Minimum initial deposit: $200
- Trading leverage: 1:500
- Server location: London
- Micro lot trading (0.01): Supported
- Currency pairs: 64 types
- Index CFD trading: Supported
- Margin call level: 50%
- One-click trading: Supported
- Islamic account: Supported
- Allowed trading styles: All
- Order distance restrictions: None
- Programming language: C
Raw Spread Account:
- Trading platform: MetaTrader
- Trading commission (per lot): $3.5 (round turn $7.0)
- Spread: From 0.0 pips
- Minimum initial deposit: $200
- Trading leverage: 1:500
- Server location: New York
- Micro lot trading (0.01): Supported
- Currency pairs: 64 types
- Index CFD trading: Supported
- Margin call level: 50%
- One-click trading: Supported
- Islamic account: Supported
- Allowed trading styles: All
- Order distance restrictions: None
- Programming language: MQL4
Standard Account:
- Trading platform: MetaTrader
- Trading commission (per lot): $0
- Spread: From 0.6 pips
- Minimum initial deposit: $200
- Trading leverage: 1:500
- Server location: New York
- Micro lot trading (0.01): Supported
- Currency pairs: 64 types
- Index CFD trading: Supported
- Margin call level: 50%
- One-click trading: Supported
- Islamic account: Supported
- Allowed trading styles: All
- Order distance restrictions: None
- Programming language: MQL4
Trading Platforms:
Experienced Traders claims to provide trading platforms such as MT4, MT5, and cTrader for its users but fails to provide any download links, and the broker named Experienced Traders cannot be found on these platforms.
Deposits and Withdrawals:
Experienced Traders supports deposits and withdrawals via credit/debit cards and e-wallets among other methods.
Summary:
Traderknows reminds investors that Experienced Traders is actually an unregulated scam website. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected fraud" on Traderknows.
