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No Regulation
Score
1.53 /10
Danger
Trade Deal
Influence
C
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.16
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
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 :
2025-01-11
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Trade Deal Review Summary | |
| Founded | 2021 |
| Registered Country/Region | India |
| Regulation | Unregulated |
| Market Instruments | Stocks, Futures, Options, Currencies, ETFs, Bonds |
| Demo Account | ❌ |
| Leverage | / |
| EUR/USD Spread | / |
| Trading Platform | Trade Deal APP |
| Min Deposit | / |
| Customer Support | Live chat, contact form |
| Tel: +91 07948061920; +91 07948061594 | |
| Email: info@tradedealonline.com; info@econobroking.com | |
| X: https://twitter.com/EconoLtd | |
| Facebook: https://www.facebook.com/EconoBrokingPvtLtd/ | |
| Instagram: https://www.instagram.com/econo_broking/ | |
| Linkedin: https://www.linkedin.com/in/econo-broking-99b63b215/ | |
| Physical address: Econo Broking Private Limited Eva-1,Office No-105, Atabhai chowk , Bhavnagar-364 002 | |
Trade Deal is an online discount brokerage firm that provides its clients with access to various trading tools, icluding Stocks, Futures, Options, Currencies, ETFs and Bonds through the Trade Deal APP. However, the company fails to disclose detailed information regarding its trading conditions. In addition, it lacks a legitimate regulatory license from any authorized body.
Pros and Cons
| Pros | Cons |
| Diverse tradable assets | No regulation |
| Live chat support | No demo accounts |
| Comprehensive contact channels | Limited info on trading condition |
| No reliable platform | |
| Unknown payment methods |
Is Trade Deal Legit?
No, Trade Deal operates without any legal regulatory oversight, which is a significant concern. Therefore, you are advised to avoid depositing or investing funds with this entity.
What Can I Trade on Trade Deal?
Trade Deal claims to offer trading in Stocks, Futures, Options, Currencies, ETF and Bonds. However, when we try to access the information about trading tools on their official website, the page fails to load, rendering us unable to obtain any specific details. Given that Trade Deal is not regulated at all, this lack of transparency should not come as a surprise.
| Tradable Instruments | Supported |
| Currencies | ✔ |
| Stocks | ✔ |
| Bonds | ✔ |
| Options | ✔ |
| ETFs | ✔ |
| Futures | ✔ |
| Commodities | ❌ |
| Indices | ❌ |
| Cryptocurrencies | ❌ |
Commission
Trade Deal charges certain brokerage fees.
For intraday trading, a fee of 0.01% or Rs. 18 (whichever is lower) will be charged.
For delivery trading, a fee of 0.1% or Rs. 18 (whichever is lower) will be charged. For Call & Trade, the fee is a flat Rs. 18.
Trading Platform
Trade Deal provides a self-developed platform called Trade Deal Smart APP, available via both iOS and Android systems. While the platform may appear professional, an unregulated broker cannot guarantee the reliability of its platform. Therefore, you'd better choose a regulated broker that offers well-known and trusted platforms like MT4 or MT5.
| Trading Platform | Supported | Available Devices | Suitable for |
| Trade Deal APP | ✔ | Mobile | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
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