TradoBit-Overview of Minimum Deposit, Spreads & Leverage

General Information

TradoBit presents itself as a Dominica-based brokerage that offers advanced online trading on a choice of over 100 assets, including trade CFDs on forex, stocks, cryptocurrencies and ETFs. It also offers up to 1:200 leverage.

Market Instruments

TradoBit offers a wide selection of over 100 assets across forex, stocks, cryptocurrencies, commodities and ETFs.

Account Types

Account information cannot be seen directly on the website unless you open a account.

Leverage

TradoBit provides a leverage of up to 1:200 for forex assets. Keep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

In terms of spreads and commissions, there is no direct mention on the website.

Trading Platform Available

TradoBit provides access to a web-based trading platform. However, other popular trading platforms like Meta trader 4 and Meta trader 5 are not available.

Deposit & Withdrawal

TradoBit has several payment methods listed at the footer of its website. Investors can allegedly deposit funds via Bitcoin, Visa, bank transfers, MasterCard, and SEPA. Unfortunately, we cannot confirm if these are indeed the option available for clients.

The minimum deposit is $250 – much higher than what other, legitimate brokers require to open an account between $100 and 200 at most. Furthermore, it also offers cheaper micro accounts which cost no more than $10 at most.

Customer Support

TradoBits customer support can be reached through e-mail: support@tradobit.com, website: www.tradobit.com. Company address: 27 Great Marlborough Street, Roseau, Commonwealth of Dominica & Suite 305, Griffith Corporate Center, Kingstown, Saint Vincent and the Grenadines.