Abstract:traze, a United Kingdom-based forex broker, recently received negative reviews mostly around the way it executed trades for its clients. Some vehemently accused the broker of closing trades before and after market hours, with some even claiming trade execution on weekends. Such trades reportedly piled losses for traders. As a result, many of them shared negative traze reviews online. In this article, we have investigated these claims. Read on!

traze, a United Kingdom-based forex broker, recently received negative reviews mostly around the way it executed trades for its clients. Some vehemently accused the broker of closing trades before and after market hours, with some even claiming trade execution on weekends. Such trades reportedly piled losses for traders. As a result, many of them shared negative traze reviews online. In this article, we have investigated these claims. Read on!
traze claims to be a full-fledged brokerage firm by providing its clients with trading opportunities across forex, indices, shares, commodities and cryptocurrency.
Some popular forex pairs available on the traze broker platform include EUR/USD, GBP/USD, AUD/USD, NZD/USD, EUR/GBP, GBP/JPY and EUR/JPY.
Through traze, investors can invest in stocks of some leading companies, including Apple, Tesla, Amazon, Cisco Systems, Alibaba Group Holding Limited, etc.
You can trade popular indices such as Dow 30, NASDAQ 100, S&P 500, DAX 40, CAC 40, etc.
Commodity traders, meanwhile, can invest in gold, silver, platinum, palladium, natural gas, Brent crude oil, copper, coffee, etc.
You can also trade popular cryptocurrencies, such as Bitcoin and Ethereum, on traze.
traze offers several trading accounts - Standard STP, and ECN - to align with the different trading needs of investors. The table below demonstrates the different trading conditions applicable to traze accounts.
| Trading Account Type | Minimum Deposit | Minimum Spread | Maximum Leverage |
| Standard STP | $50 | 1.3 | 1:2000 |
| ECN | $200 | 0.2 | 1:2000 |
The minimum deposit required in both STP and ECN accounts is affordable. However, the minimum spread in the STP account is slightly more. Traders can find this account at competitive brokers for a lower spread. The maximum leverage of 1:2000 can be counterproductive in the face of potential adverse market movement against your position.
A Nigerian trader used terms like unaccountable while sharing the traze review online. According to the trader, the broker often hurts client funds without any communication in advance. The user claimed that the broker failed to notify him when closing trades without hitting the stop-loss order. This reported claim caused the user to lose $2,000. Despite complaining about this matter to traze, the user failed to receive any response. Read the review below.

This allegation comes from an Introducing Broker (IB) who admitted to having recorded deposits worth over $100,000 by clients on the traze platform. However, the IB reported that the broker often closes trades during closed market hours so that traders cannot profit. The IB even claimed to have sent messages to the broker through social media. However, neither the IB nor the client received any reply from traze. According to the IB, the client even sent him screenshots containing messages of different customer support representatives failing to receive any response when inquiring about the matter ahead. Feeling bad for the referred client, who failed to receive a response even after 48 hours, the IB made the negative traze review official recently.

Another recent allegation came from a Nigerian trader claiming that the broker closed his WTI trades on Sunday afternoon. The news trading, which the user was likely to initiate, would have made gains for him. Seeing this, the broker reportedly closed all his positions before, preventing the trader from gaining. Read this complaint below for more details.

A client from Algeria criticized traze for its services. The trader started by accusing the broker of poor customer support service, claiming that the team is not present all the time to resolve queries. The trader highlighted the rejection faced during the identity verification process despite submitting the documents accurately. On top of that, the user noted that the brokers app was not operational across countries. Even the website was reported to have issues, according to this traze review. Take a look

A United Arab Emirates-based user wrote the traze review in a local language, claiming that despite successful e-wallet registration, he could only withdraw a partial, not the full amount. The screenshot below sort of sums up the overall trading scenario at traze. Have a look.

traze has maintained a high social presence worldwide, with special groups for South Asia members. The broker has such groups on Instagram and Telegram, where it constantly feeds live trading information for traders to see. Further, the broker has obtained these regulatory licenses from -
Despite these licenses and incredible social followers, the group is accused of foul play in recent history. This needs to be taken care of to maintain a growing base of followers consisting of clients. Considering recent complaints, the WikiFX team has reduced the score for traze to 6.31 out of 10.
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