Tradition

Tradition Information

Tradition is a global interdealer broker based in the UK. It acts as an intermediary, primarily facilitating transactions between financial institutions and professional traders. Tradition offers a wide range of brokerage services covering a variety of financial and commodity-related markets, including capital markets, energy and commodities, equities, fixed income, foreign exchange, market data, and private markets.

Pros & Cons

Pros:

Global Presence: Tradition operates in more than 30 countries, providing broad market coverage and local expertise to clients around the world.

Comprehensive Market Instruments: They offer a wide range of financial products, covering capital markets, energy commodities, equities, fixed income, foreign exchange, and more.

Cons:

Product Complexity: Some of Traditions products (particularly derivatives and structured finance) can be complex and require in-depth understanding, limiting accessibility to less experienced investors.

Lack of Valid Regulation: There is a lack of current regulation as the UK Financial Conduct Authority (FCA) revoked its European Authorized Representative license.

Fee Obscurity: Tradition lacks transparency on basic trading conditions such as leverage, spreads, demo account availability, and detailed information about its trading platform.

Is Tradition Legit？

Tradition's legality is questionable as its current European Authorised Representative (EEA) license has been revoked by the UK Financial Conduct Authority (FCA). This regulatory action indicates that Tradition Securities and Futures SA, a subsidiary of the Tradition Group, is no longer regulated by the FCA.

Market Instruments

Tradition offers a wide range of market instruments for various financial sectors. They offer energy and commodities, where they manage risk through derivatives on oil, gas, and environmental products such as emissions and weather derivatives. In fixed income, Tradition trades corporate bonds, government securities, and mortgage-backed securities.

They are also prominent in the foreign exchange market, offering spot and forward contracts, foreign exchange options, and exotic bonds, addressing currency fluctuations and hedging requirements. In addition, Tradition has access to private markets through private equity and real estate secondary market products, allowing investors to obtain liquidity and effectively manage their portfolios.

Customer Service

Tradition offers telephone support via two dedicated lines: +44 2071981500 for international inquiries and +1 877 517 6937 for clients in North America. Additionally, clients can reach out via email to websec@tradition.com for general inquiries and dataprotection@tradition.com for matters related to data protection, ensuring comprehensive support for privacy concerns and regulatory compliance.

Education

Tradition conducts seminars and workshops globally, focusing on derivative risk management tools in evolving markets. Initially focusing on nascent electricity and natural gas markets, they now cover emerging energy sectors like weather, emissions, and coal derivatives, as well as pulp & paper products.

Conclusion

Tradition is a global interdealer broker based in the UK. While Tradition offers a wide range of financial services and is committed to education and charitable causes, its regulatory status is a major issue, with the UK Financial Conduct Authority revoking its European Authorized Representative license. Information on trading conditions such as leverage, spreads, and minimum deposit requirements is vague. Investors must carefully consider the risks involved before entering into any transactions with Tradition.

Frequently Asked Questions (FAQs)

What trading products does Tradition offer？

Energy & Commodities, Equities, Fixed Income, Foreign Exchange, Money Markets, and Private Markets.

IsTradition regulated？

No. It currently has no valid regulations.

Is Tradition a good broker for beginners？

No. It's too complex and tarding conditions are opaque. What's worse, it is unregulated, so trading with them has risks.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.