Tredero-Overview of Minimum Deposit, Leverage, Spreads

General Information & Regulation

Tredero, a trading name of One prime Ltd, is allegedly a forex broker registered in Mauritius with registration number: 170958 GBC and licensed by the Financial Services Commission with license number: GB20025316. The broker claims to provide its clients with various tradable assets with leverage up to 1:500 and variable spreads from 0.2 pips on the MetaTrader5, Web Trader and Swift Trader platforms, as well as a choice of five different live account types and 24/5 customer support service.

Market Instruments

Tredero advertises that it mainly offers energies, forex and commodities, as well as indices and metals.

Account Types

Apart from demo accounts, there are five live trading accounts offered by Tredero, namely Mini, Basic, Prime, VIP and Infinite. Opening a Mini account requires the minimum initial deposit amount of $250, while the other four account types have much higher minimum initial capital requirements of $3,000, $15,000, $50,000 and $100,000 respectively.

Leverage

Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Mini or Basic account can experience leverage of 1:500, the Prime account has a leverage of 1:400, while the VIP and Infinite accounts can enjoy the maximum leverage of 1:200. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Spreads & Commissions

Tredero claims that different account types can enjoy quite different spreads and commissions. In particular, the clients on the Mini account can experience spreads from 1.2 pips, the Basic account from 1 pip and the Prime account from 0.7 pips, while only the VIP and Infinite accounts can enjoy the lowest spreads from 0.2 pips. As for commissions, there is no commission on the Mini, Basic and Prime accounts, while the VIP account has a commission of 6 per lot and the Infinite account has a 4 commission per lot.

Trading Platform Available

The platforms available for trading at Tredero are the industry-standard MetaTrader5, Web Trader and Swift Trader, compatible with Desktop, Android and iOS devices. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

Tredero accepts deposits via Visa, MasterCard, Bank Wire, AVOPay EFT, ZotaPay, M-Pesa, PayRetailers and VirtualPay, and withdrawal with Visa, MasterCard and Bank Wire. The minimum initial deposit requirement is $250, and the minimum withdrawal amount is $10 for Visa and MasterCard while $100 for Bank Wire. The broker says there are no deposit or withdrawal fees.

As for the processing time of deposit and withdrawal requests, deposits are instant while withdrawals require up to 2 days to process.

Bonuses

Tredero claims to offer the Rebate Bonus, which varies depending on account types. In particular, the Rebate Bonus is up to 30% on the Mini and Basic accounts, 50% on the Prime account and 100% on the VIP and Infinite accounts. However, we cannot be sure if the bonus is available without any condition.

Customer Support

Trederos customer support can be reached by telephone: +230 52970264, email: support@tredero.co or live support. Company address: King George VI Avenue, Floreal, Mauritius.