Is Tradingbusters.com Legit?

Based on the information available on their website, Tradingbusters.com appears to operate as a registered company (TB GLOBAL SRL, Romania) and provides services in the form of trading signals and an educational course.

Read more about tradingbusters.com:
Tradingbusters.com Review & First Look
The Problem with Speculative Trading and Tradingbusters.com

They have a visible physical address (though only city and sector are listed, not full street address) and a community presence via a Telegram group.

This suggests they are not a fly-by-night operation intending to disappear quickly.

However, the term “legit” encompasses more than just legal registration.

it also implies transparency, realistic claims, and ethical conduct.

Company Information and Presence

• Registered Entity: Tradingbusters.com states it is operated by TB GLOBAL SRL, with registration numbers RO47729490, J2024005685400ROMANIA. This suggests a formal business registration within Romania.
• Physical Presence (Limited Detail): The address provided is “BUCUREŞTI, SECTOR 6, B-DUL IULIU MANIU ROMANIA.” While this confirms a location, the lack of a specific street number or building name makes it less transparent than a full address.
• Community Claim: The mention of a “Free Telegram Community” with “27,000+ traders” suggests a user base, which could be an indicator of a real operation, though the exact size and engagement of this community cannot be verified without direct access.
• Age of Operation: The website mentions “11 Years of Experience,” which, if true, would suggest a relatively long-standing presence in the market.

Assessment of Claims and Transparency

• Contradictory Claims: As highlighted earlier, the explicit disclaimer that “Trading Busters can not and do not make any guarantees about your ability to get results or earn any money” stands in stark contrast to pervasive marketing language promising “consistent profits,” “thousands of dollars,” and “100% success rates.” This internal contradiction is a major red flag.
• Unverifiable Performance Data: While impressive win rates (e.g., 98.22%) are quoted, there is no independent, third-party audited verification of these claims. In the trading world, such high, consistent win rates are exceptionally rare and often unsustainable in real-time, especially over extended periods. Users are asked to “take our word for it” or “check out the testimonials,” which are easily manipulated or cherry-picked.
• “Loopholes” and Ethics: The “Prop Trading Formula” explicitly mentions “exploiting various loopholes within prop firms.” While “loopholes” might be legal, they often imply taking advantage of system weaknesses rather than engaging in a fair, value-added exchange. This raises ethical considerations about the spirit of their approach.
• Lack of Detailed Methodology: The concept of “Statistics & Probabilities” is presented as a groundbreaking secret sauce, but the website provides no into how this methodology actually works or how it’s distinct from sophisticated quantitative analysis that already exists in the financial world. It remains a vague, proprietary claim.

Islamic Perspective on Legitimacy

From an Islamic standpoint, “legitimacy” extends beyond mere legal registration.

It requires adherence to ethical principles, transparency, and avoidance of forbidden elements (Riba, Gharar, Maysir).

• Riba Concerns: The involvement in Forex and CFD trading, even through signals, almost certainly involves Riba due to overnight rollover interest charges.
• Gharar and Maysir: The speculative nature of the signals and the promise of guaranteed success in volatile markets point towards excessive uncertainty (Gharar) and a strong resemblance to gambling (Maysir).
• Misleading Advertising: The discrepancy between the grand promises and the disclaimer, while perhaps legally sound, borders on misleading advertising from an ethical perspective, as it sets unrealistic expectations for users.

Conclusion on Legitimacy: While Tradingbusters.com appears to be a legally registered entity offering services, its “legitimacy” is highly questionable from an ethical standpoint, particularly within an Islamic framework. The combination of unrealistic financial promises, unverified performance claims, the nature of speculative trading, and the explicit contradiction between marketing and disclaimers makes it a platform that should be approached with extreme caution and, ideally, avoided by those seeking permissible and sustainable financial growth. The focus on quick, high returns often leads to disappointment and financial detriment.

The Problem with Speculative Trading and Tradingbusters.com