However, as mentioned in our previous reviews, the results you got when sorting the traders weren’t very useful. E.g. the most copied trader showed losses of -100% and the % gains of some traders were bdswiss account types larger than 1000% only because they used exponential leverage on the $25 free account bonus Tradeo used to offer . While trading using laptops we’ve been using Tradeo on Firefox and Chrome browsers.
On the other hand, some brokers will offer one standard account type which aims to target a certain group of clientele. Tradeo scammerTradeo is a scammer company, come from marketsbook and winpip in Israel, and tmarkets for scam people. Never provide phone number, I was checking with their demo and after 4 months, one after another started calling me and emailing me to start a real account. Tradeo.com offers over 65 Forex Currency pairs, Indices, Stocks, CFDs and Commodities for your personal investment and trading options. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence.
Because Tradeo acts as a broker as well, the cost of using their social trading network and platform is totally free. On June 15th 2017, EURUSD spread averaged about 2.8 pips, AUDUSD 3.2 pips, USDJPY 3.3 pips and GBPUSD 4.1 pips. More exotic pairs are averaging about 8 pip spreads which are in line with most other brokers. Since Tradeo is a member of the Investor Compensation Scheme in Malta, which falls under the EU Directive 97/9, this broker offers highly safe environment when it comes to payment options.
Tradeo.Com Trading platforms, tools and educational resources are a vital part of the trading experience. Most brokers offer a selection of MetaTrader 4, MetaTrader 5, and a version of the WebTrader platform. Some brokers offer only their proprietary platform but look closely if this is the case.
Tradeo allows users to find and follow other successful traders on their social trading network. Where Tradeo’s “Social Webtrader” platform does differ from your standard broker trading interface is in the additional “social” features it offers. Automatic copying is no longer offered since Q due to some regulation changes. However, customers can still copy the trade signals from the traders they follow, direct from their social feed. During our preliminary research on this broker, we came across a ton of Tradeo reviews in which people said that customer service after the initial withdrawal was absolutely poor. While these platforms would be good in the hands of other brokers, Tradeo makes unauthorized trades and traders have trouble withdrawing funds from Tradeo.
Looking with a fresh perspective, the guys came up with really great unorthodox ideas and helped a lot. Embedding a social feed might seem easy, but Tradeo wasn’t the case. The feed was supposed to show upvotes, comments, trades, broadcasts, and lots more in addition to being speedy, dynamic and working impeccably with a large number of users. Our aim was to combine a financial aspect of the platform with the social media functionality and provide a both new and user-friendly way of doing it. Based on the mockups, we could further proceed with the high-level architecture and design for the project. If you are looking for a reputable and trusted broker for social trading then we highly suggest that you read our reviews about eToro or Trade360.
Please also comment what class is required to trade that particular champion. When trading stocks, CFDs, or other derivatives, consider whether you understand the function of differential contracts and be aware of the high risk of losing your funds. The financial products offered by the companies listed on this site pose a high risk and can lead to the loss of all your funds.
Well, since Q Tradeo, due to regulation changes, no longer offers “automated trade copying”. However, you can still “follow” other traders, which means their live trades are displayed real-time in your social feed. You can then decide yourself whether to copy this trade yourself and execute the trade with 1 click of a button in your feed. The social interaction features and freedom offered by Tradeo’s platform are the most profound of any social trading network we’ve reviewed or come across so far. We’re not aware of any other platform which gives you easy access to chat privately with other members or send broadcast messages as freely to the rest of the community as Tradeo allows. Unfortunately where such freedom is given abuse is likely to follow.
To distribute licenses allowing for investment and brokerage firms to operate in the stock, forex, and CFD market. Some of the commodities on offer include gold, silver, platinum and sugar, amongst others. Added to this, the broker provides access to a number of top-ranking indexes, including Dow Jones 20, FTSE, IBEX, and DAX 30.
Tradeo Review 2021: Scam Broker Or Legit?
The platform provides a user-friendly interface to help you easily understand all functions and operation principles. All in all, MetaTrader 4 is equipped with an impressive set of advanced trading and analytical features. Data exchange between the client terminal and the platform servers is encrypted. 30 built-in technical indicators and 24 graphic objects are available for the most comprehensive multibank group review analysis of price dynamics. Tradeo has not listed any awards on its website to date, which is surprising considering the broker’s strong offering, though this could be due to the fact that it does not participate in broker awards events. Tradeo’s platform streamlines this entire process with an all-inclusive trading environment powered by cutting-edge, professional-grade technology.
Are you in the market for a truly unique broker, one that has focused and invested heavily in developing an innovative and better trading experience? This firm has taken the managed account or mirror-trading concept to the next level. Operations began in 2012 out of Malta after three years of development, where the emphasis was on expanding the social trading rage to a higher quality level of service offering. Tradeo insists that it operates the Straight-through processing model which is transparent and ensures tight spreads. The broker does not trade against its clients; rather trades are routed to the liquidity providers for execution while Tradeo acts as an agent who is compensated through commissions.
- We really appreciated Jonathan explaining a business value of every single aspect or feature of the product, making it easier for us to develop the best functionality.
- But this feature was critical to the product functionality, and we had to come up with a viable solution.
- We tried the Tradeo Android app and in terms of self-trading the presentation is slick and the trade execution worked seamlessly too.
- In terms of our experience we’ve noticed quite a large turnover of popular traders so far on Tradeo over the past few years .
We tried the Tradeo Android app and in terms of self-trading the presentation is slick and the trade execution worked seamlessly too. The app also gives you access to your current positions and news feed. Glad to know the Tradeo.com is regulated in Cyprus, i have good faith in Cysec. Tell our team and traders worldwide about your experience in our User Reviews tab. Tradeo.com offers their own Tradeo Z Web Platform as well as the MT4 trading platform, with a strong emphasis on their Tradeo Z Web Platform.
Bonus Offer For Forextraders Visitors
Tradeo claims it will take less than five minutes to open an account. Given the CySEC regulatory environment under which Tradeo.com operates, AML and KYC requirements should be provided and confirmed before trading commences. Traders with Tradeo enjoy the peace of mind that comes from knowing their trading is safeguarded by our Negative Balance Protection, protecting their trading accounts from falling into negative territory. Tradeo is an online Forex and CFD brokerage that we’ve reviewed at length.
Additionally they are regulated by CySEC and not by the FCA or any other legitimate body. When combined with the other phenomenon and seeing how many companies fitting the exact same profile have proven to be scams, we have concluded not to use this service under any circumstance. After signing up, you may also receive occasional special offers from us via email.
This gives me the opportunity to share and view trades via Facebook, Twitter and Google+. The demo account is loaded with $50,000 virtual money and can be utilized for 1 month. Its interface and features are very similar to that of the real account so it’s the perfect venue to practice and experiment. The Tradeo video lessons focus on forex trading lessons, technical analysis and MT4 tutorials.
Aside from their very popular Social WebTrader platform, they also offer the MetaTrader 4 terminal as an alternative which is seamlessly synced to the account. However, I prefer the former because it is where I can get the best opportunities to make good profits. It supports plugin apps which add more features and expand the capability of the platform. About 30 technical indicators and 24 analytical tools come with the MT4. Tradeo has also implemented the standard practices of firewalls and digital security measures such as Secured Socket Layer .
You can also view all current open positions, pending orders and closed trades. However closed trades only show the closed datestamp and not when the trade was opened. You also cannot download the historical trades for your own offline analysis and showing more than the last 100 closed trades becomes fairly cumbersome. This means it’s very difficult to analyse the trading style at specific times in the past. So,on our first impression, there’re some positive points, such as the reasonable choice of currencies, unlimited demo account, low minimum deposit requirement, generous deposit bonus and dedicated support. Excellent customer service with professional traders available whenever needed.
However it may be worth mentioning that at the time we did some tests, slippage was very low compared to some other copying platforms. So the indication was that trade execution was very quick, which is obviously useful if you want to manually copy other trades on Tradeo’s social trading platform. Tradeo.com generates the majority of its income from a mark-up on spreads, the difference between bid and ask prices. The broker operates an STP model which means that orders are send directly to liquidity providers who offer the best price/execution.
I think that this is the best platform out there tried a few companies who offered nothing that really helped my trading – here i had some training with simon mills who changed my results almost immediately. The customer service is excellent and i highly recommend this platform where I have wiothdrawn my initial deposit several times over. Excellent customer service that is for sure, 100 percent legitimate, and very good support, i am really happy i did not go on etoro and instead chose this amazing forex trading site. Traders who are ready to test Tradeo’s service can do so with a low minimum deposit and can see for themselves why this brokerage has endured while so many others have folded. Hercules.Finance is a financial education website powered by a team of Financial Specialists and IT experts, mainly introduce solutions of Forex, CFD and Commodity Investment, and a number of Payment Services. With more than 30 partnered companies all over the world, Hercules.Finance offers trusted and timely information for Investors and Users of the services.
Beginners And Customer Support
In our broker reviews, we discuss trading products, such as stocks, commodities, ETFs, forex, options, CFDs, bonds, indices, and cryptocurrencies. Some brokers may offer a wide selection of trading products, whereas others may focus on one area, such as forex. Keep in mind that some types of trading, such as CFDs may be restricted in certain countries.
What Can You Trade With Tradeo?
There are some categories that are crucial, such as regulations and fees, and others some consumers may be willing to compromise on, such as education and tools. The choice is yours, but keep in mind that the first two categories are the most important when it comes to staying safe from broker scams. Have you traded stocks, indices, fxgiants review commodities, cryptocurrencies, and forex with Tradeo and are having a challenge accessing your money? To learn how you can get your funds back, book a free consultation session with our friendly experts. Tradeo is the trading name of UR Trade Fix LTD, a global multi-asset broker founded in 2011 with headquarters in Cyprus.
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They are also entitled to 4 monthly private trading sessions and about 8 sessions of private one on one trading academy classes. Therefore the nature of fees charged may differ from one broker to another as well as spreads. Test customer service when you are investigating a broker, but keep in mind that even scam brokers can seem friendly and helpful at first and can show their true colors later on. Our experts can’t emphasize enough that the most important factor when deciding whether to use any broker is licensing. It is a cardinal rule never to sign up with a broker who is not regulated.
Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. However, I started trading with my 5000 euro deposit and all was good then I was told that I was being tutored to trade and I was entered into a few trades which grew substantially and I was happy. However, I traded CFD and all was great learning this trading, I was excited and willing to put more in but my mind told me to see how this go, these guys start to push for more money and again more money etc. The other thing is that their website shows standard gold, platinum and diamond, so they will entice you with their gold, platinum or diamond accounts so that you pay more to the account.