Score

1.38 /10
Danger

Tradero

Belgium

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index5.98

Risk Management Index0.00

Software Index4.00

License Index0.00

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No valid regulatory information, please be aware of the risk

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Broker Information

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Company Name

Tradero

Company Abbreviation

Tradero

Platform registered country and region

Belgium

Company website

Company summary

Pyramid scheme complaint

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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!

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Tradero · Company summary

Tradero 1931176943

Basic Information
Registered Countries The Marshall Islands
Regulation No License
Minimum Deposit $250
Maximum Leverage 1:100
Minimum Spread From 0.0 pips
Trading Platform Webtrader
Trading Assets Forex, Digital Currencies, Indices, Shares, Commodities
Payment Methods MasterCard, Maestro, Bank Wire, Bitcoin
Customer Support Email, Telephone support

General Information

Tradero is an offshore broker registered in the Marshall Islands, giving their clients access to a series of trading instruments, including Forex, Digital Currencies, Indices, Shares, Commodities. With the Tradero platform, investors are given the flexibility of choosing from three types of trading accounts, Standard, Professional and Elite accounts, with the minimum deposit to open an account starting at $250.

Tradero is an online broker registered in the Marshall Islands, and it is not subject to any regulation to operate illegally. And thats why WikiFX has given this broker a very low score of 1.12/10. Please be aware of the risk.

wikifx

Account Types

Standard accounts, Professional accounts and Elite accounts are available options for both retail and professional clients. The minimum deposit amount specifies the account type, with the Standard account from $250, the Professional account from $500, the Elite account from $1,000.

Some premium account services, such as real-time data, financial market news, stop-loss/take profits, multi-currency for funding account are available.

account-types

Spreads & Commissions

Tradero offers a zero-commission trading environment, with spreads calculated only. Believe or not, spreads offered by Tradero is also extremely competitive, with the Standard accounts from 0.13 pips, the Professional account from 0.1 pips, the Elite account from 0.0 pips. with no demo accounts provided, we were unable to verify this.

Leverage

When it comes to leverage, Tradero provides its customers with access to 1:100, which is greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

Trading Platform

What Tradero provides is not the MT4 OR MT5 trading platform, the Tradero Webtrader instead.

Aside from the trading platform, some trading tools are also provided to help clients quickly acquaint themselves with the forex trading, including Trading Analysis, Trading ways, Strategies, Economic Calendar, as well as Calculator.

Payment Methods

The minimum deposit is $250, and clients can make a deposit through limited payment methods, including MasterCard, Maestro, Bank Wire, Bitcoin.

The minimum withdrawal amount is $100, and withdrawal methods must be the same as deposit methods. Tradero says it does not charge any fees for deposit or withdrawals.

payment-methods

Customer Support

If you have any inquiries or trading-related issues, you can first go to the FAQ section where you may find some useful information and if you need staff service, you can either call this broker at +4433000013131 or send them an email through support@tradero.co.

Registered Address: Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Pros & Cons

Pros Cons
Flexible trading account options No regulation
Competitive trading costs Unfriendly minimum deposit for basic accounts
Generous leverage up to 1:100 No MT4 or MT5 trading platform
Trading tools provided No demo accounts available

Frequently Asked Questions

What items can I trade with on Tradero?

Tradero offers access to Forex, Digital Currencies, Indices, Shares, Commodities.

What is the minimum/maximum amount that I can deposit/withdraw?

The minimum deposit for a standard account is $250, and the minimum withdrawal requirement is $100 or the equivalent.

What is the maximum leverage available?

The maximum trading leverage that is available on the Tradero platform is up to 1:100.

When are swaps calculated?

A swap is the cost of running position from one day to the next. The swap fee varies depending on the market you are trading. The swap fee is applied if you hold your order open after the daily rollover point, which is 00:00 server time and known in forex trading as “tomorrow next”.

User Reviews

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Comments

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csc
more than one year
HORRIBLE COMPANY!! They lure me into investing in their platform. my apparent specialist lost all my money because he failed to close a deal on time for me. You cannot contact anyone to sort out any problems. If you try phoning no one answers the phone, if you email them they do not respond. There is no complaints procedure.
HORRIBLE COMPANY!! They lure me into investing in their platform. my apparent specialist lost all my money because he failed to close a deal on time for me. You cannot contact anyone to sort out any problems. If you try phoning no one answers the phone, if you email them they do not respond. There is no complaints procedure.
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2023-03-22 17:23
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毛宁4485
more than one year
The Tradero platform is simple yet powerful giving me all tools I need to start trading from simple and advanced charts to main indicators to follow my trade setups with instant execution. I like it!!
The Tradero platform is simple yet powerful giving me all tools I need to start trading from simple and advanced charts to main indicators to follow my trade setups with instant execution. I like it!!
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2022-12-16 14:13
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