TrampaFX is fairly new Crypto CFD / Forex broker, that opened in May 2021. They primarily cater to investors from Turkey.
Trampa FX does not disclose their corporate identity or address, however they are based in Saint Vincent & Grenadines. Contact phone number is: +442031502118, and customer support email is: [email protected]. Official website is at: https://www.TrampaFX.com.
For broker complaints or withdrawal issues, read this.
TrampaFX Review
Our objective review of TrampaFX found, that they are offering a unique web-based CFD trading platform. Their online trading app is user friendly and pretty easy to use for a beginner trader. Experienced day traders and investors will probably not be interested in the broker, as they do not offer the MT5 trading platform, or any mobile trading apps. Their platforms page says that their mobile apps are under development, so you will probably be waiting a long time for them.
More than 300 underlying assets are available to trade, with margin rates as high as 400:1. The margin rate on Crypto CFDs is 10:1. You will see that they offer CFD’s on Currencies / Forex Pairs, Crypto Currencies, US Stocks & European Shares, Market Indexes and Commodities to trade.
As a multinational brokerage firm, their website is available in many different languages including; Turkish, English, Italian, Russian, Spanish, Japanese and Arabic. It seems that the trading accounts are denominated only in USD. The minimum deposit required for a live trading account starts at $300 USD, and they offer free Demo Accounts.
Scam Trading Apps
Like thousands of people, you saw an advertisement for a Crypto trading app, which promises to make thousands of dollars a day. It may have been called the Bitcoin Code or something like Crypto Genius. After you signed up for it, they created a trading account for you at the broker TrampaFX.
Here are a few things you must know before you start trading.
- Automated trading apps are mostly random signal generators, that are not 100% accurate.
- 75 – 90% of CFD investors lose money, so those ridiculous promises of huge profits are false.
- Most brokers are not actually licensed to give you investing advice.
You should first read more about free trading signals.
Is TrampaFX Legit?
No, TrampaFX is not a legit broker, because they do not hold the required licenses.
When the Scam Broker Investigator reviews a new brokerage firm, to see if they are a legitimate broker or a scam, we look for a valid license. Brokers are required to be licensed by the local government regulator, like BaFin in Germany, the FCA in United Kingdom or the FSCA South Africa.
There are many reasons why investors and traders should only use a locally licensed & regulated broker, and if you want to see what happens with scam brokers, just read the complaints page.
Compare Brokers
Choosing the right Forex broker for you to use is a difficult task, especially when you have hundreds of brokers to compare. First you should see the popular brokers listed here.
PepperStone is a licensed broker, that offers Mirror Trader and other social trading options. They offer the tightest spreads on Crypto, and you can use MT4 or MT5 or cTrader trading apps, see here.
Register here for a Free Demo Account.
Existing investors are asked to please share your experience in the comments, with other traders reading this review of TrampaFX.