Home » Tredo FX Review – Tredofx.com info!

Tredo FX Review – Tredofx.com info!

Tredo FX Review - Tredofx.com info!

Tredo FX is a shady Forex broker allegedly owned by online trading pioneers who claim to have the most trusted platform” and the newest new trading tools. They mention an address in the UK, presumably aimed at introducing themselves as a British company. Find out in the full Tredo FX analysis whether this broker is a legal UK company or not.

Tredo FX Review - Tredofx.com info!

Tredo FX Legal Status and Regulation 

By offering an address in Central London, Tredo FX is obviously trying to make us think that they are a legitimate UK broker. Around the same moment, moreover, we learned that the rules of the Marshall Islands restrict their commercial behaviour, raising the alarm instantly. The islands are notoriously renowned for the absence of financial control, let alone legislation or regulations.

The Forex brokers working there run without regulation, not compliant with any legislation whatsoever and that’s a huge issue for the traders. The absence of regulation implies a lack of protection, and brokers can soon disappear at any moment, leaving traders with losses that are quite difficult to recover. Our FCA (British Financial Authority) study was fruitless, but we should infer that Tredo FX is an unlicensed and unauthorised offshore broker for whom it is dangerous to deal.

Forget regarding Tredo FX and trade with brokers governed by CySEC (EU) or FCA regulated (UK), who are not surprisingly the leaders of the industry. The security of consumers is placed at the forefront of their task list, not because they want to, but because they need to. Forex brokers in Europe must comply with many stringent rules and regulations, such as minimum capital criteria of EUR 730 000, workers training levels, consumer account segregation, etc.

Turn Key Trading Solutions

Explore the World of Opportunities With Profitable Trading Software
Crypto Master Bot

Flip Risk to your Advantage and Make the Best out of the volatility
For Free Account Click Here
Dax Robot

Trade the International Forex and Crypto Markets. Earn anywhere between $100 to $300 Daily on Auto-pilot
Reserve Your Spot Now

Although most notably, money security systems are in place, such as the ICF in Cyprus and the FSCS in the United Kingdom, which guarantee traders’ deposits. You will demand up to EUR 20 000 in reimbursement per customer under CySEC(Cyprus) supervision, whereas you are promised up to GBP 85 000 per customer in the UK under the FCA. In the event of a Forex broker failing to satisfy its financial obligations, each EU Member State is compelled to establish and further manage equivalent insurance funds, which are perceived to be the last resort for traders.

Tredo FX Tools OF TRADING

Uh, alert! We haven’t been able to sign up! Due to a technological mistake we are not aware of, registration was unlikely, but it demonstrates that Tredo FX is an inefficient and untrustworthy Forex broker! Imagine what happens if the servers fail unexpectedly in the middle of the day when you’re trading!

Tredo FX only provides a web-based site for trading. Since these platforms are deemed unstable and deficient in functionality, this is a red flag itself. But the worst part is that the networks that brokers construct on their own are built to allow market abuse and make theft feasible. Uh! Beware! Stop brokers who do not have a secure and trustworthy forum for trading.

The best options for traders are MetaTrader4 and MetaTrader5 brokers, since MT is the largest retail FX network in the world. It is safe and reliable, with advanced trading instruments such as Expert Advisors or Algo trading. It also has a platform where a number of third-party-developed trading platforms can be bought or used for free by traders, which can help boost trading efficiency.

The EUR/USD spread is 0.8 pips, which is a very attractive Buy/Sell gap, but Tredo FX is an offshore broker with an insecure network, as already stated, so traders should not even suggest opening an account. The spread is the essential aspect of trading; it is the premium that the investor needs to offer to open a market spot, and the lower spreads allow trading more competitive and increase the opportunity for benefit.

Uh, alert! Concealed amounts of leverage! Tredo FX doesn’t care to explain any of their market conditions and doesn’t even mention a thing on the rate of leverage they offer to the traders. Leverage is the second most significant trading function that allows retail trading feasible in practise. It is a good financial instrument that helps traders to multiply the opportunity for gains, but at the same time, the probability of failure rises proportionally.

Turn Key Trading Solutions

Explore the World of Opportunities With Profitable Trading Software
Crypto Master Bot

Flip Risk to your Advantage and Make the Best out of the volatility
For Free Account Click Here
Dax Robot

Trade the International Forex and Crypto Markets. Earn anywhere between $100 to $300 Daily on Auto-pilot
Reserve Your Spot Now

If misused, the leverage may potentially trigger complete failure quite easily. It was precisely the risks involved that prompted the EU, the UK and Australia (starting in 2021) to interfere in the markets and force a 1:30 leverage limit as a measure of consumer security. Canada and the US settled on 1:50, but we suggest that traders avoid brokers selling higher ratios because these firms are more likely to be dishonest or low-regulated, i.e. dangerous to deal with.

Tredo FX Ways OF DEPOSIT/WITHDRAW AND Payments

Tredo FX’s minimum initial deposit is $2500, which is nearly 25 times more than the market standards-an average of $100. Needless to mention, such a difference is just another excuse for this broker to keep away.

Credit/Debit cards, bank transfers and Bitcoin are the lending options open. However, traders should realise that it is only feasible to charge back if they move cash through bank cards, the deposits in Wire and Bitcoin are irreversible and will not be recovered if anything goes wrong!

The minimum withdrawal for credit/debit cards is $50 and wire transactions are $100. It’s an unreasonable requirement since most regulated brokers are not going to limit traders in terms of the volume they can take out. It is said that the withdrawal request would be approved within 2-5 days, but another 2 weeks could pass until the money enters the bank account of the seller.

By contrast, the controlled brokers deal with the matter within 48 hours, and the money is normally obtained by the traders within 3 days in their bank account. It is said that no withdrawal costs are available, which is reasonable enough, and it is the only good statement we can produce.

The inactivity payments, on the other side, are harsh. After 3 months of inactivity, an account becomes inactive and would be exposed to a deduction of 10 percent per month, which is completely inappropriate. Compare the majority of licenced brokers that charge no more than $5 to $10 a month for inactive accounts.

At the moment, there are no incentives offered, but Tredo FX retains the right to implement certain campaigns. It is necessary to remember that the incentives are not free cash, but an instrument of leverage that further raises the cost and rewards the dealers, not the traders. The EU and the UK both banned trading promotions precisely because of the dangers involved, thus helping to limit losses for merchants.

Uh, alert! Tredo FX unlocks a debt account! They mean that losses that outweigh the money deposited could be accrued by the merchants. In the other hand, the EU and UK controlled brokers are bound to preserve negative balance security, which ensures that losses larger than the overall deposit are unlikely. Overall, Tredo FX is a dangerous, pricey offshore broker to deal with and we can’t suggest it to traders.

Leave a Reply

Your email address will not be published. Required fields are marked *