Traders88 Review

About Traders88

Traders88 claims to operate under South African regulation by the Financial Sector Conduct Authority (FSCA) with license number 49213, supposedly held by Ribova Holding Investments (Pty) Ltd; however, this license number corresponds to a different entity, and no verifiable connection exists, indicating a case of licence misuse or “clone” tactics  .

Traders88 also asserts that it is a trading name of TARA HOLDINGS LIMITED, a company registered in the UK under company number 12567960; however, this company is dissolved and not authorized by the UK’s Financial Conduct Authority (FCA), meaning Traders88 holds no valid forex regulation .

No licensed regulation is found with reputable bodies such as FCA, ASIC, CySEC, NFA or other major authorities  .

Trading conditions include a minimum deposit of €250 (or USD $250), leverage up to 1:400, and spreads from approximately 1.2–1.3 pips, offered via a proprietary web-based platform only; there is no support for MT4/MT5  .

Fees include a 5 % charge on withdrawals, an inactivity or dormant fee of roughly 100 UST (UltraSalescloud token) after 60 days, and the requirement to meet high trading volume if any “credit token” bonus is applied; these terms significantly increase risk for users  .

User reports describe aggressive marketing tactics, prolonged withdrawal delays, and eventual disappearance of the website or platform, consistent with scam behavior  .

Pros and cons

Cons

• No valid regulatory authorization; license claims are false or unverified.
• High withdrawal and inactivity fees, including dubious bonus conditions.
• Only a basic proprietary web platform available—no mainstream trading terminals.
• Numerous user complaints about withdrawals, aggressive retention tactics and disappearance.