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Tradiso Review – Who Is Behind Tradiso.Com?
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Tradiso Broker is registered since 2021 under Tradiso Group LLC. This entity is officially from St. Vincent and Grenadines (SVG). Even though they provide a reliable trading platform, that doesn’t make them reliable. With shady options on the website to check their spreads and high leverage, we can already smell something bad.
To find out why to trust or not this offshore broker read carefully our latest Tradiso review.
|Headquarters||Saint Vincent and Grenadines|
|Minimum Deposit||No minimum deposit requirement|
|Review Rating||4.3 on Trustpilot|
|Platforms||Meta Trader 4 / Dashboard Trader Pro|
|Spread||From 0 pips for Forex|
Is Tradiso Legit or a Scam Brokerage?
Firstly, this broker claims to be regulated by Financial Services Authority (FSA) from SVG. However, FSA has dissociated itself from providing trading licenses. With this in mind, we already defined one lie here. And it’s a crucial one. Yet, we checked some other databases. For instance BaFin, ASIC, CONSOB, and FCA.
In fact, we didn’t expect anything more than zero positive results. Not only that they are not regulated, but they are lying about it. Therefore, they don’t need to provide any funds protection to their traders. For example, ASIC requires companies to have segregated bank accounts for clients’ funds. FCA license provides access to compensation of 85.000 GBP per client.
But besides that, you would expect at least guaranteed stop loss or negative balance protection. Thus, this broker provides none of those. In general, after all these facts you can only say that this is another investment scam.
Tradiso Trading Software Overview
A good trading platform can’t make a broker reliable as well. Even though they provide access to Meta Trader 4 (MT4) it is questionable how many traders trade there. MT4 has all essential functions, charting options, and indicators. Moreover, you can access advanced EA features. On top of that, it’s available for literally any device. That’s why it’s one of the most reliable options for traders.
On the other hand, there is Dashboard Trader Pro (DT Pro). The biggest advantage of this platform is the intelligent algorithm that gives you trading signals. But a big problem comes up once you want to download the program. You are redirected to a different platform MarketsMakersMethod (MMM). According to reviews both of these are scam brokers.
That’s exactly why you should never trust your investments to offshore shady brokers. Especially not ones that don’t have any authorization for providing trading services.
The only positive option here is that traders can open a demo account through the MT4 platform.
Tradiso Account Types Available
On the positive side, Tradiso is unique in one thing. They don’t have a minimum deposit requirement. However, there are 3 account types. Those are:
Only the Pro account has a $25.000 minimum deposit requirement. If we are going to trust this broker presentation, you get a better spread here and a commission-free account. Which is highly suspicious since they are obviously lying about regulations.
However, all accounts provide you with leverage up to 1:100. Which is violating all regulations and ESMA rules. In general, retail traders are allowed a maximum of 1:30 leverage. Huge disappointment traders can expect with an ECN account because a commission is going to rip you off. It’s $7.5 per lot payable per side.
Available Trading Instruments at Tradiso
Tradiso scam broker provides access to all 5 major instrument classes. On the negative hand, before registering with them we can’t check trading conditions for those. Anyway, those classes are:
- Forex – AUD/NZD, EUR/SGD, USD/GBP
- Commodities – palladium, cotton, crude oil
- Stocks – American Airlines, Walt Disney, Johnson & Johnson
- Cryptocurrencies – XRM, ADA, BNB
- Indices – Euro Stoxx 50, IBEX 35, FTSE MIB
Besides a solid instruments range, this scam broker can’t offer anything else competitive. We suggest traders start looking for licensed brokers on time. A demo account is sometimes a good option for testing out. But with scam brokers like Tradiso, you expose your personal information to the scammer. Which never ends up well.
Deposit and Withdrawal Procedure for Tradiso
Another key point with a Tradiso scam broker is a deposit. They only accept crypto transfers. The main reason behind it is the unavailability of the chargeback. If you check any Tradiso broker review you realize that deposit is never an issue.
However, when traders require some profits back, that’s where the mess starts. The broker starts making up reasons why not to allow the withdrawal. Without a proper withdrawal policy, you don’t have even ground for a lawsuit. But even if there is a policy, there is no regulatory body that is monitoring this broker. Now you can realize the real importance of regulations.
Tradiso scam broker is using that to their advantage. Our mission is to expose such brokers and to prevent other traders from getting into their trap. In the end brokers like Tradiso or get exposed or they vanish.
Got Scammed by Tradiso? Get Your Money Back!
Don’t be ashamed if these scammers did trick you. It can happen to anyone. Let us hear about your experience. Every situation is unique but similar. And the solution is always available with our fund recovery team.
Even though crypto transactions are hardly traceable and encrypted, you can find your money. With our sophisticated Cipher Trace program, you are one step closer to getting your money back. Don’t let these guys slip away with your hard-earned money.
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- Offshore broker without regulations.
- Non-transparent trading platform access.
- Many negative user reviews.
- Uncompetitive trading conditions.
- Only crypto deposits are available.
FAQs About Tradiso Broker
Is My Money Safe With Tradiso?
No. This broker doesn’t provide any security measures due to a lack of regulations.
What Is The Minimum Deposit for Tradiso?
Tradiso Broker doesn’t have the minimum deposit requirement for standard and ECN accounts.
Does Tradiso Offer a Demo Account?
Yes. Besides live trading accounts, traders can test their services first with virtual funds.