truetrader.net Scam Check: 10/100 Trust | ScamMinder

Exercise caution when interacting with this website.

The website truetrader.net appears to be a platform offering stock trading education and tools. However, several aspects of the site raise red flags: 1. **Unverifiable Claims:** The website makes bold claims about the profitability of its trading strategies, such as "making $19,472 in 30 minutes." Such high and specific earnings claims are often associated with scam or misleading platforms. 2. **Lack of Regulatory Information:** The disclaimer on the website clearly states that they are not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission (SEC) or any state securities regulatory authority. This lack of regulatory oversight is a significant concern, as legitimate financial services in the U.S. are required to be registered with the appropriate authorities. 3. **Use of "Savage" Terminology:** The website's use of terms like "join our team of 'savages'" can be seen as unprofessional and potentially manipulative, especially in the context of financial services. 4. **High Membership Fees:** The website advertises relatively high membership fees, which is not uncommon in the trading education industry. However, it's important to carefully evaluate the value provided for such fees, especially considering the lack of regulatory oversight. 5. **Ethical and Honest Claims:** The website emphasizes its ethical and honest practices, particularly in relation to trade call-outs. While this may be a genuine commitment, it's also a common tactic used by fraudulent platforms to build trust. 6. **Promises of High Returns with Low Effort:** The website repeatedly mentions high-probability trading, low-risk setups, and high returns with minimal effort. In the world of finance, such promises should be approached with extreme caution, as they are often unrealistic or exaggerated. 7. **Testimonials and Success Stories:** The website features video success stories and testimonials. While these can be powerful marketing tools, they are also easily fabricated or exaggerated. 8. **Lack of Transparency:** The website does not provide detailed information about the individuals behind the platform, their trading experience, or the specific strategies they employ. Transparency is crucial in the financial services industry. 9. **Limited Information on the Trading Strategy:** While the website mentions a proprietary trading strategy and specialized scans, it does not provide in-depth information about these methods. Legitimate trading education platforms are usually transparent about their strategies. 10. **Referral to TD Ameritrade:** The website mentions TD Ameritrade Institutional but clarifies that they are not affiliated with it. This could be an attempt to create a false sense of legitimacy by association. Given these red flags, it is highly advisable to exercise extreme caution when considering any engagement with truetrader.net. It's important to thoroughly research and verify the legitimacy of any platform offering financial services or education, especially in the high-risk area of stock trading."

• Unverifiable Claims, Lack of Regulatory Information, Use of "Savage" Terminology, High Membership Fees, Ethical and Honest Claims, Promises of High Returns with Low Effort, Testimonials and Success Stories, Lack of Transparency, Limited Information on the Trading Strategy, Referral to TD Ameritrade