Score

1.32 /10
Danger

Trade Socio CY

Cyprus

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

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Exposure

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Website

Score

Regulatory Index0.00

Business Index5.52

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Trade Socio CY · Company summary

Note: Trade Socio CY' official website: https://sociomarkets.live/ is currently inaccessible normally.

Trade Socio CY Review Summary
Founded/
Registered Country/RegionCyprus
RegulationUnregulated
Market InstrumentsCurrency, crypto, indices, stocks, commodities
Demo Account/
LeverageUp to 1:1000
SpreadFrom 0.0 pips
Trading PlatformMT4
Min Deposit$10
Contact InfoPhone: +357 25 861700
Address: Archiepiskopou Makariou III, 169-171, Cedars Oasis Antwork, 3027 Limassol, Cyprus

TradeSocioCY is a forex broker based in Cyprus. Traders can explore various markets through MT4 provided. Their minimum deposits are reasonable. However, it is not regarded as a legit broker due to its unregulated status and inaccessible website.

TradeSocioCY

Pros and Cons

ProsCons
MT4 providedNo legit forex license
Inaccessible website
Limited ways to funding

Is Trade Socio CY Legit?

Trade Socio was registered on November 23, 2023. As of now, it is currently in an “ok” status. The last update to the domain was on September 30, 2024. But as of now, their website is not accessible. Besides, Trade Socio CY has no regulation. These factors suggest it is not a legit broker and trading with it hinder risks!

What Can I Trade on Trade Socio CY?

Trade Socio CY offers currency, crypto, indices, stocks, and commodities. There's no ETFs trading or bonds trading.

Tradable InstrumentsSupported
Forex
Commodities
Indices
Cryptocurrencies
Stocks
ETFs
Bonds
Mutual Funds

Account Type

Trade Socio CY offers three kinds of live accounts- the Beginner, Standard and Premium accounts with the minimum deposit of $10, $50 and $200 respectively.

Account comparison

Leverage

Trade Socio CY provides leverages for three types of trading accounts: Beginner (1:1000), Standard (1:1000), and Premium (1:500). Yet high leverage can lead to significant profits, but it also comes with increased risks.

Trade Socio CY Fees

Trade Socio CY offers spreads- the Beginner accounts: 2.2 pips, Standard accounts: 1.0 pips and Premium accounts: 0.0 pips. Besides, they do not charge commissions.

Trading Platform

Trade Socio CY offers MT4, which supports over 30 indicators as well as custom indicators. But it should be noted that the presence of a trading platform does not make this website any more legitimate and does not guarantee that this alleged broker offers real trading.

MT4

Deposit and Withdrawal

In the deposit section, the only available option is to transfer funds to a personal Indonesian bank account.

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