Is Tradeo Scam?
Tradeo is not a legitimate broker in the UK and is a scam. The Financial Conduct Authority (FCA) does not regulate this company, and it cannot trade in the UK. In addition, it has renounced the Temporary Permission Regime, which means it has no legal authority to trade in the UK. The website does not charge any trading fees for 90 days.
Trade is not an ECN broker.
Although Tradeo is not an ECN broker, it does have several unique features. The platform is social, and the trader can follow his or her trading partners. This feature allows the trader to learn from his or her own partner’s trades and strategies. The social trading platform also allows users to set automatic stop-losses and offers various other tools. Trade also offers email and phone support.
Trade does not charge a commission for forex trading. They offer a standard 2.5 pip spread for all major currency pairs. They also limit the leverage to 200:1. Also, there is no dealing desk. The platform also adheres to strict STP processing protocols. This means that clients will always know the latest leverage information, which will help them decide whether Tradeo is the right broker.
Trade is a new forex and CFD broker that operates out of Cyprus. It is regulated by the CySEC and is a forex broker regulated by the FSCA. Trade is also unique because it features social trading, allowing users to copy other traders’ trades. Although the company is registered in Cyprus, it is locally regulated in Belize as Delwyn Trading Ltd.
It does not offer a demo account.
If you are unsure whether Tradeo is a scam or not, sign up for a demo account and see if they live up to their claim. There are no registration fees, and the demo account will be open indefinitely. Additionally, they provide free signals and learning materials. You can also view price charts for various assets to get a feel for how the platform works.
If you’re unsure if Tradeo is a scam, try opening a free demo account with virtual currency. You can deposit as much as $50,000, which is plenty to get a feel for the trading platform. If you’re unsure whether it’s a scam, get some advice from experienced colleagues.
The company also has several social media accounts. However, they are not very active. Their Facebook page only has about 17,000 fans, while their Twitter account has only three subscribers. They also have a YouTube channel with market reviews and informational videos. The site’s website claims to be based in Cyprus. ASIC and the Financial Conduct Authority (FCA) are the two main regulatory bodies for the company.
It charges no trading fee for inactivity within 90 days.
Trade is a brokerage firm that distributes licenses to other brokerage firms. The company offers access to leading indices and commodities. It also offers a proprietary trading platform, Z Web Trader. In addition, it offers the MetaTrader 4 platform, which is widely used in the industry. However, the site does not appear to offer any trading bonuses. Inactivity within 90 days of a user’s account results in a $22 inactivity fee.
It offers a social trading experience.
Trade is a social trading platform with an emphasis on collaboration and transparency. Its platform allows you to work with other traders from across different brokerages. This allows you to learn from their strategies, follow their signals and participate in trades alongside them. Trade is an excellent choice for those who want to trade socially but still want to be competitive in the financial markets.
In addition to its chat and social feed functionality, Tradeo provides its customers full trade management and execution capabilities. You can open and close trades in just a few clicks. The platform lets you connect with other trading professionals and publish your opinions and recommendations. However, while it is an easy and convenient way to invest in financial markets, risks are involved. Before choosing a social trading platform, you must ensure you fully understand what you are doing.
The social trading platform Tradeo provides will allow you to learn from already successful traders with a proven track record. The platform will automatically find other traders and follow them. It also allows you to filter traders by experience, trading style, average drawdown and more. You can also set a maximum loss limit to minimize the risk of copying another trader’s trading strategy.