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Score

1.40 /10
Danger

Tradefarm

Nigeria

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.tradefarm.io

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Score

Regulatory Index0.00

Business Index6.17

Risk Management Index0.00

Software Index4.00

License Index0.00

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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 : 2025-01-04
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Tradefarm · Company summary
TradefarmReview Summary
Founded2020-06-04
Registered Country/RegionNigeria
RegulationUnregulated
Market InstrumentsForex/Commodities/Stocks/Cryptocurrencies/Indices
Demo Account✅
LeverageUp to 1:500
SpreadFrom 1 Pip
Trading PlatformMT5(Windows/Web/macOS/Android/iOS)/Tradefarm App
Min Deposit$50
Customer SupportPhone number: +234 903 105 1089
Phone number: +44 1865 60 0102
Email: info@tradefarm.io
LinkedIn/Facebook/Twitter/Instagram/YouTube/Telegram

Tradefarm Information

Tradefarm is a broker. The tradable instruments include forex, commodities, stocks, cryptocurrencies, and indices. The broker also provides three accounts with a maximum leverage of 1:500. The minimum spread is from 1 Pip and the minimum deposit is $50. Tradefarm is still risky due to its unregulated status.

Tradefarm Information

Pros and Cons

Pros Cons
Leverage up to 1:500Unregulated
Spread from 1 PipUnspecific transfer time and fee information
Demo account available
Various tradable instruments
MT5 available
Commission free
24/7 customer support

Is Tradefarm Legit?

Tradefarm is not regulated, making it less safe than regulated brokers.

Is Tradefarm Legit?
Is Tradefarm Legit?

What Can I Trade on Tradefarm?

Tradefarm offers 1000+ market instruments, including forex, commodities, stocks, cryptocurrencies, and indices.

Tradable Instruments Supported
Forex✔
Commodities✔
Stocks✔
Cryptocurrencies✔
Indices✔
Precious Metals❌
Shares❌
ETFs❌
Bonds❌
Mutual Funds❌
What Can I Trade on Tradefarm?

Account Type

Tradefarm has three account types: standard, professional, and elite. Traders who want low spreads and low leverage can choose a professional account, while those with a sufficient budget can open an elite account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.

Account Type StandardProfessionalElite
Minimum Deposit$50$50$100000
LeverageUp to 1:500Up to 1:200Up to 1:200
Minimum size0.01 lots0.01 lots0.01 lots
SpreadFrom 1 Pip--
CommissionNo--
MT5YesYesYes

Tradefarm Fees

The spread is from 1 Pip, the commission is 0. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.

Trading Platform

Tradefarm launched proprietary apps and cooperated with the authoritative MT5 trading platform available in Windows, web, macOS, Android, and iOS to trade. Traders with rich experience are more suitable for using MT5. MT5 not only provides various trading strategies but also implements EA systems.

Trading PlatformSupported Available Devices Suitable for
Mt5✔Windows/Web/macOS/Android/iOSExperienced traders
Tradefarm✔--
Trading Platform

Deposit and Withdrawal

The minimum deposit is $50. Tradefarm accepts Bank transfers, Bitcoin, Visa, Mastercard, etc. for deposit and withdrawal. However, transfer processing times and associated fees are unknown.

Deposit and Withdrawal

User Reviews

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Comments

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Timi521
more than one year
Great trading platform
Great trading platform
Translate to English
2023-04-11 02:31
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Gigi
more than one year
I just cannot stand its huge spreads, but I was told this was due to the inadequacy of liquidity. EA on mt4 is not workable, and I cannot even download it on my pc version. I hope this broker could reflect itself to be a better broker, since there are many better competitors. At least, customer service is good, they can fix my problems promptly, and that’s the only reason I have not leave this broker so far.
I just cannot stand its huge spreads, but I was told this was due to the inadequacy of liquidity. EA on mt4 is not workable, and I cannot even download it on my pc version. I hope this broker could reflect itself to be a better broker, since there are many better competitors. At least, customer service is good, they can fix my problems promptly, and that’s the only reason I have not leave this broker so far.
Translate to English
2023-03-21 10:14
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