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TD BRA Trade -

Score

1.45 /10
Danger

TD BRA Trade

Canada

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://tdbratrade.net

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Score

Regulatory Index0.00

Business Index6.57

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! 2
Previous Detection : 2024-09-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

TD BRA Trade · Company summary

General Information & Regulation

TD BRA Trade is an online broke registered in Canada, with the founding time, actual address, and the company behind it not disclosed to all. No regulatory license details are displayed on the Platinum VFX website, which means this broker is an unregulated one, so it is unsafe to trade with this broker.

Market Instruments

TD BRA Trade advertises that it can offers forex currency pairs as well as indices, commodities, stocks, metals are not available.

Minimum Deposit

In terms of minimum initial deposit, TD BRA Trade requires a minimum initial deposit of $500, which is much higher than the industry standard. Most legit brokers require an account opening amount of $100 or even much less.

Leverage

With respect to trading leverage, the maximum leverage level offered by TD BRA Trade for forex trading is up to 1:000, which is considered high. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage in case of fund losses.

Spreads & Commissions

TD BRA Trade advertises that it offers super low spreads, but it does not specify spreads on particular instruments. This is the widely used tactic by unregulated brokers, trying to attract new traders and then scam them.

Trading Platform Available

In terms of trading platform available, What TD BRA Trade offers to its traders is not the MT4 or MT5 trading platform. Maybe some web-based or mobile app platform, we have no clue about it.

How does scams Work？

The scam really works when the reps of the broker contact the user, either through a phone call or an email address. They will start asking for deposits all the while promising super profit gains. Those that deposit might even get a taste of false gains, whose true purpose is to compel the client to deposit more. These scammers know very well how to manipulate users. Their catalogue of psychological trickery is vast, and their patience is unbreakable.

User Reviews

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Ha Phuong Tran
more than one year
Pretty stoked about my recent decision to start trading with TD *** Trade. I mean, the variety of products on offer is next level - I've been able to switch up my investments and add a bit of spice to my portfolio with minimal fuss. Sure, I had a few hiccups getting used to the platform at first, but man oh man, their customer service team is lightning fast when it comes to sorting things out. They were so patient and helpful, it felt like I had my own personal trading guru at my beck and call.
Pretty stoked about my recent decision to start trading with TD *** Trade. I mean, the variety of products on offer is next level - I've been able to switch up my investments and add a bit of spice to my portfolio with minimal fuss. Sure, I had a few hiccups getting used to the platform at first, but man oh man, their customer service team is lightning fast when it comes to sorting things out. They were so patient and helpful, it felt like I had my own personal trading guru at my beck and call.
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2023-04-25 12:31
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more than one year
I had been using TD *** Trade for several months last year and I am thoroughly impressed with their trading platform. The user interface is intuitive and easy to navigate, and I have had no issues executing trades. Their customer service is also top-notch, with knowledgeable representatives available to assist with any questions or concerns. All in all, I'd say it's been a great ride with TD *** Trade.
I had been using TD *** Trade for several months last year and I am thoroughly impressed with their trading platform. The user interface is intuitive and easy to navigate, and I have had no issues executing trades. Their customer service is also top-notch, with knowledgeable representatives available to assist with any questions or concerns. All in all, I'd say it's been a great ride with TD *** Trade.
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2023-04-25 12:26
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