🚨 Scam Alert: The Trade Masters.co Blocking Withdrawals & Forcing More Deposits
⚠️ Honest Review – The Trade Masters.co (Forex Broker)
I’m sharing my real experience to help other traders avoid falling into the same trap.
I was contacted over the weekend by a person named Rahul who introduced The Trade Masters.co as a forex trading platform. He spoke confidently in Tamil and English and promised complete guidance with a minimum investment of $100. Based on his convincing approach, I opened an account the same day and funded it via Razorpay using GPay.
Later, I was assigned an account manager named Shane, who started providing daily signals on currency pairs, usually giving around $1 profit per trade. Since I already had some experience in the Indian market and basic technical knowledge, I independently traded gold (XAUUSD) and made around $350 profit within two days.
After this, problems started.
When I tried to withdraw $150, my request was not processed even after 4 weeks. On contacting them, I was told my account was under “audit” because I traded gold instead of only currency pairs—something that was never clearly communicated earlier.
Now they are refusing withdrawal unless:
- I deposit more funds (up to $2000), OR
- I complete 50 lots of trading in currency pairs
This is completely unacceptable and unethical. Changing rules after profit and forcing additional deposits to release withdrawals is a serious red flag.
They claim to be based in Australia, with representatives in Malaysia, but there is no transparency or proof of regulation. The trading server provided was “Xylomarket,” which also raises concerns about authenticity.
My conclusion:
This platform shows strong signs of being a scam. They allow deposits easily, show profits on screen, but block withdrawals and pressure users to invest more money.
Important warning to new traders:
- Do NOT trust brokers who cold-call and push you to invest quickly
- Do NOT send money via UPI/payment gateways for forex trading
- Always verify regulation before investing
Request to banks and payment providers:
Financial institutions like banks, UPI providers, and payment gateways such as Razorpay should immediately investigate and block transactions linked to such entities. These platforms are clearly targeting retail traders and misusing trusted payment systems to collect funds.
I strongly advise everyone to stay away from The Trade Masters.co.
Stay safe and trade wisely.
Rahul contact number - +61 4 6814 7566
Shane - +61 480 810 646