Score

2.32 /10
Danger

Tradesto

Saint Vincent and the Grenadines

5-10 years

Regulated in Australia

Common Business Registration

Suspicious Scope of Business

Vanuatu Retail Forex License Revoked

Suspicious Overrun

High potential risk

D

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Comparison

Quantity 113

Exposure

Open Account
Website

Score

Regulatory Index1.25

Business Index7.48

Risk Management Index0.00

Software Index4.00

License Index1.25

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
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Danger

MY SCM
2020-01-01

Broker Information

More

Company Name

Tradesto Corporation

Company Abbreviation

Tradesto

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Facebook

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YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 5
Previous Detection : 2025-01-23
  • The number of the complaints received by WikiFX have reached 93 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • VanuatuVFSC (license number: 14736) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
Unable to Withdraw

Withdrawal

2 weeks ago said that the latest approve withdrawal was on March 16th Ask again today, which batch is the withdrawal now? Tell me again that the current withdrawal is in January? CK BBB agreed to withdraw money in one week? I haven't gotten it in 2 months

2021-06-15 17:20
Others

Scammer broker of fast-tradeoption, they don’t let me get back the money.

Scammer broker of fast-tradeoption, they don’t let me get back the money. Don’t trade with fast-tradeoption. At the beginning ( maybe June) I talked with Mr. Frederick in Linkedin about how your company’s colleagues scammed me. Mr Frederick said he could help. As long as I opened an account with his company and put $5000 in it, he could help me migrate the old account to a new account then I can get back what my deposit. Before I made the deposit, I asked him so many times if there were any fees for withdrawal. He said NO. So I put $5000, during which he said that the money from the old account can be transferred to the new account. A week later, when I wanted to get back my profits $72778. After I sent the withdrawal request different fees were derived. Firstly is $2000 for IBPC, secondly is $3500 manager fee and TAX, thirdly is $5000 UPGRADE account to get money. At that moment I had asked Ms Clara to write an email to me, after this upgrade no other extra fee I need to pay. Unfortunately, I got an email about ITF $2700 and finally it is 10% 21550 (finally he deduct to $15000) of the manager’s COMMISSION profit.

2021-09-21 15:08
    Tradesto · Company summary

    Note: Tradesto's official website - https://tradesto.com is currently inaccessible normally.

    Tradesto Review Summary
    Founded2012
    Registered Country/RegionSaint Vincent and the Grenadines
    RegulationVFSC (Revoked), ASIC (Exceeded/Suspicious clone)
    Market InstrumentsForex, precious metals, crude oil
    Demo Account
    LeverageUp to 1:500
    EUR/USD SpreadFloating around 1.3 pips
    Trading PlatformMT4
    Min Deposit$100
    Customer SupportTel: +44 2080363883, +1-855-246-7284
    Email: support@tradesto.com, info@tradesto.com
    Facebook, Instagram, Youtube, Linkedin
    Registered office address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St Vincent & the Grenadines
    Operation office address: 443 EARLY STREET, MUNSTER, KWAZULU NATAL, 4278 SOUTH AFRICA
    Regional RestrictionsAfghanistan, Bosnia and Herzegovina, Democratic Peoples Republic of Korea (DPRK), Guyana, Iran, Iraq, Lao Peoples Democratic Republic, Myanmar, Papua New Guinea, Syria, Uganda, Vanuatu, Yemen

    Tradesto Information

    Tradesto, an unregulated online Forex and CFD broker, was founded in 2012 and set offices in St. Vincent and the UK. It is an ECN broker that offers online trading through the sophisticated MetaTrader 4 trading platforms. Tradesto Corporation is incorporated and registered in Saint Vincent and the Grenadines under license number 22360 IBC 2014.

    Tradesto's homepage

    Pros and Cons

    Pros Cons
    Demo accountsRegional restrictions
    Multiple account typesInaccessible website
    MT4 platformNo regulation
    Popular payment optionsLimited tradable assets
    Wide spreads

    Is Tradesto Legit?

    No. Tradesto currently has no valid regulations. Please be aware of the risk!

    Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
    South Africa
    Vanuatu Financial Services Commission (VFSC)RevokedTRADESTO CORPORATIONRetail Forex License14736
    Australia
    Australia Securities & Investment CommissionExceeded TRADESTO CORPORATIONCommon Business Registration616 567 698
    Australia
    Australia Securities & Investment CommissionSuspicious clone COC CORP PTY LTDCommon Business Registration650 004 694
    Revoked VFSC license
    Exceeded ASIC license
    Suspicious clone ASIC license
    Domain information

    What Can I Trade on Tradesto?

    Tradable Instruments Supported
    Forex
    Precious metals
    Crude oil
    Indices
    Stocks
    Cryptocurrencies
    Bonds
    Options
    ETFs
    Trading products

    Account Type

    Account TypeMin Deposit
    Classical$100
    Islamic
    ECN
    MAM
    Joint
    Corporate

    Leverage

    The broker offers maximum leverage of 1:500. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

    Spread

    Asset ClassAvg Spread
    Forex2.0 pips
    Gold3.0 pips
    Oil4.0 pips
    Spread

    Trading Platform

    Trading PlatformSupported Available Devices Suitable for
    MT4PC, iOS, AndroidBeginners
    MT5/Experienced traders
    MT4

    Deposit and Withdrawal

    Tradesto accepts payments via wire transfers, Help2pay, Shop2pay, Visa, Mastercard, Neteller, Fasapay, and I-Account, China UnionPay, and Bitcoin.

    News

    NewsTradesto review – 5 things you should know about tradesto.com

    We are reviewing Tradesto, a shady brokerage claiming to be regulated in various jurisdictions. They offer MetaTrader4, purportedly tight spreads and different account types, including Classical, Islamic and Managed ones. However, the broker is utterly dangerous, and you can see why in the full Tradesto review.

    WikiFX
    2021-12-10 10:44
    Tradesto review – 5 things you should know about tradesto.com

    User Reviews

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    User comment

    4

    Comments

    Write a review

    李春波
    more than one year
    Having been trading with Tradesto for several months, and it did give me a surprise. I never thought an offshore broker could be so responsible, always available for help. Trading conditions are not bad. Waiting for my good news, guys.
    Having been trading with Tradesto for several months, and it did give me a surprise. I never thought an offshore broker could be so responsible, always available for help. Trading conditions are not bad. Waiting for my good news, guys.
    Translate to English
    2023-02-27 11:49
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    番茄就是西红柿
    more than one year
    Creo que la estrategia de la compañía es atraer a los usuarios para que inviertan primero y luego, independientemente del resultado, prohibirles retirar dinero, ¡para que algunos usuarios se olviden de su dinero!
    Creo que la estrategia de la compañía es atraer a los usuarios para que inviertan primero y luego, independientemente del resultado, prohibirles retirar dinero, ¡para que algunos usuarios se olviden de su dinero!
    Translate to English
    2022-11-30 14:52
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    99+