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Tredero Broker Review
Tredero is one of the few brokers that choose to obtain an offshore license. However, this does not make it any more legitimate because the FSC does not require corporations to establish a compensation fund. Instead, they take money to register the business and then abandon it. For more information on the brokerage, see our Tredero review.
Broker status: Offshore Broker
Regulated by: FSC Regulation
Blacklisted as a Scam by: No info
Owned by: Oneprime Ltd
Headquarters Country: Mauritius
Foundation year: 2020
Supported Platforms: MT5, web trader
Minimum Deposit: N/A
Cryptocurrencies: No
Types of Assets: FX, commodities, indices, shares
Maximum Leverage: N/A
Free Demo Account: No
Accepts US clients: No
Tredero Regulations and Security
Tredero is owned by Oneplus Ltd of Mauritius and is FSC certified. As previously said, it is meaningless because this regulating agency cannot assist clients in recovering their monies. Tier 1 regulators such as the FCA and ASIC need a compensation fund worth around 730,000 EUR from which clients would be compensated in the event of a fraud.
It is not the case with FSC and other offshore regulators, so be wary of potential trading frauds.
Available Trading Software
If there is one positive thing to say about the Tredero trading platform, it is this. The broker provides a customized Web trader as well as MT5, the most recent MetaTrader version with the most indicators.
Web Trader
Tredero features a Web trader for FX and CFDs for people who prefer web-based platforms. According to the broker’s website, it has a plethora of trading tools, such as Take Profit and Stop Loss. However, due to the fact that it is a proprietary website, it will always be riskier than MetaTrader
.
MetaTrader 5 Platform
Tredero, which bills itself as software for experienced traders, also provides MT5. As previously said, this platform offers a diverse set of indicators, charts, and order execution options. It is, nonetheless, more secure than a Web dealer.
Tredero App
Tredero features a custom program that functions similarly to a Web trader. It’s designed for Android and iOS, and the broker’s website includes a link to download the app.
Fund Withdrawal Issues With Tredero
Since we’ve previously discussed the issue of an offshore license, we may compare it to not having any restrictions. Brokers like Tredero feel free to defraud clients since there is no compensation fund and offshore regulators are difficult to reach. One method is to refuse to fulfill withdrawal requests and to deny clients access to their trading accounts. You will never be able to recover your cash if you do not have access to them.
Traders About Tredero Scam
The brokerage has received negative feedback from customers. It has a low rating on multiple websites, and customers are frequently complaining about withdrawals. There are a few additional concerns about trade conditions.
So if you try to find out about a minimum deposit, leverage, or spread, the website will be useless. Broker personnel, on the other hand, will assess your financial status and request the maximum amount they believe you can pay.
Be wary of the Tredero trading scam! Furthermore, before investing, always investigate the background of internet trading businesses!
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