Tradear Review: An Exhaustive Assessment of Its Assets and Platforms
For any trader or investor in the forex market, finding a reliable and transparent brokerage is crucial. In this Tradear review, we’ll explore a forex brokerage based offshore.
Tradear offers a web-based trading platform and a wide variety of financial instruments. However, it’s essential to explore the rightfulness, available assets, trading platforms, and overall trading environment to make an informed decision. So, let’s dive into the details and discover what Tradear has to offer.
Tradear Regulation: Is Your Money Safe?
Tradear, owned by Capitalia Group, is an investment corporation committed to providing tools for trading various assets like stocks, raw materials, FX, and financial market indices. The company is registered in Seychelles, but the broker does not disclose its offices’ locations or detailed regulatory information.
Tradear seems to be regulated by the Seychelles Financial Services Authority (FSA). However, it’s worth noting that the FSA does not impose relentless rules like other top regulatory agencies such as the FCA or NFA. This raises concerns about clients’ funds’ security, as the capital holdings requirement for the FSA license is relatively low.
Reputable regulatory bodies like the FCA and NFA enforce strict rules. Those include the segregation of accounts and participation in compensatory schemes. Unfortunately, the lack of such measures with Tradear could leave clients vulnerable to potential financial risks and deception.
Note: This broker got a warning from Spain’s CNMV regulator. Note that other regulators like DFSA in Denmark confirmed the warning too. Such regulatory warnings mean the company is suspicious, by all means. Be cautious when engaging with such entities.
|Regulated (FSA) Offshore Broker
|Warnings from Financial Regulators:
|CNMV and DFSA
|2018 (2002 for domain age)
|Argentina +54 11 5217 5938 – Telephone
Brazil +55 61 3550 0338
Colombia +57 602 891 2830
Mexico +52 55 8920 2443
|Web-based trading platform
|The majority of clients are from:
|Yes (24/7 [email protected] ) +54 9 11 2671-8857 – Whatsapp)
Trading Assets Available: A Diverse Selection
Tradear’s advantages include its diverse range of investment assets. Clients can access various stocks such as Apple, Facebook, and Coca-Cola, as well as trade-in currencies, commodities, and indices. The platform offers a wide catalog of financial assets, providing investors with the freedom to choose according to their objectives.
Investing in financial assets, like stocks, currencies, and commodities, offers liquidity and potential capital growth. Understanding the financial market and assets is essential before making any investment decision. For instance, the foreign exchange market (Forex or FX) deals with currency transactions. Yet, commodities are traded based on supply and demand dynamics, presenting investment opportunities.
Trading Platforms at Tradear
Tradear is not an MT4/MT5 provider, and it offers a web-based trading platform instead. While this platform provides multiple timeframes, charts, drawing tools, and price indicators, it may not be as reliable or feature-rich as the widely used MT4/MT5 platforms. Traders might find that the in-house trading interface lacks certain functionalities, like automated trading strategies and a programming environment for easy customization.
While mobile apps and signals trading via Autochartist are available on Tradear, seasoned traders might still prefer MT4/MT5’s comprehensive features and tools for enhanced trading capabilities.
Note: Stay away from brokers like EpsilonFX that have dubious reputations. Choose reliable options for a better trading experience.
General Trading Environment: Transparency and Drawbacks
One of Tradear’s significant drawbacks is the lack of transparency on its site regarding specific trading conditions. Details about typical major spreads, leverage, and minimum investments are unavailable. This lack of information might raise concerns about the broker’s commitment to transparency, making it difficult for potential clients to make informed decisions.
Tradear claims to offer trading in over 1,000 financial assets with spreads ranging from 1-3 pips for CFDs and FX. However, such spread specification is not very precise, and traders might find it challenging to gauge the true cost of trading on the platform. The availability of a demo account could help understand the trading environment. Yet, technical issues reported during the registration process could deter potential clients.
Choose Your Account Type Based on Your Trading Goals
What about the Tradear account types? This firm offers different account types, each with its own requirements and trading conditions. Select the account type that aligns with your investment goals. With each account type, you’ll enjoy the guidance of a Financial Advisor. You’ll receive a Daily Market Summary, and have access to live webinars for continuous learning.
- TRADEAR – $250. You can open an account with just $250 and gain access to premium features. This includes a dedicated Financial Advisor, Daily Market Summary, live webinars, and top-notch customer service. Elevate your trading experience and make the most of your investments with this one.
- INFINITE – $5,000. Activate your INFINITE account with a $5,000 deposit and benefit from all standard features. These features include a Financial Advisor, Daily Market Summary, live webinars, and customer service via email, web chat, and WhatsApp. Additionally, you’ll receive Investment Rewards Credit and access to the Skype Exclusive Club.
- ADVANCE – $15,000. For higher benefits, choose the ADVANCE account with a $15,000 deposit. You’ll have all the standard features, including a Financial Advisor, Daily Market Summary, live webinars, client support, and Investment Rewards Credit. As an ADVANCE account holder, you’ll also enjoy exclusive access to the Skype Exclusive Club. You’ll also receive personalized guidance through “One-to-One” sessions with an economist.
- EXCLUSIVE – $30,000. With the EXCLUSIVE account, you’ll receive all the benefits of the ADVANCE account, plus an exclusive opportunity to explore additional assets. Deposit $30,000 to activate this account and benefit from personalized investment opportunities.
- SELECT – $60,000. For premium service and enhanced risk management, the SELECT account offers many benefits. With a $60,000 deposit, you’ll enjoy all the features of the EXCLUSIVE account, along with specialized risk management and account analysis.
Payout Opportunities on Tradear: What You Need to Know
Tradear offers a variety of payment options for deposits and withdrawals, including bank/wire transfer, Bitcoin, Visa, Mastercard, and AstroPay, among others. It’s essential to check the broker’s legal documents to see any minimum withdrawal amounts and Tradear fees. For instance, bank transfers may have a minimum withdrawal amount of $500 along with a $30 withdrawal fee.
Traders should always exercise caution and due diligence before depositing funds with any broker. Testing the withdrawal process with a small amount can help identify potential delays or unexpected fees, ensuring a secure and legitimate trading experience.
Note: Avoid brokers with shady reputations like Enerixinvest and others. It is crucial for a broker to be regulated by FCA, ASIC, or the CySEC.
Customer Support: Available 24/7
Tradear’s customer support team is available 24/7 to assist clients with any difficulties they may encounter. This is what they claim at least.
Whether it’s technical issues, account-related inquiries, or general support, clients can contact the dedicated team.
Trader Reviews: Valuable Insights
Traders’ feedback provides valuable insights into Tradear experiences. Exploring reputable online forums and platforms can shed light on service quality, customer support, and overall satisfaction levels.
Tradear FX broker has garnered a positive reputation, as indicated by its Trustpilot rating, with an average of 3.5 stars based on 106 reviews. It’s imperative to consider both positive and negative feedback to gain a full understanding of the platform’s performance.
Long Story Short – Tradear
So, where do we stand? Tradear.com is a forex brokerage that offers a web-based trading platform and many unique financial instruments. The platform provides access to diverse investment assets and tools.
Yet, its lack of transparency regarding trading conditions and technical issues during the registration process are huge concerns. Additionally, its regulation by the Seychelles Financial Services Authority (FSA) might not instill the same confidence as top regulatory bodies like the FCA or NFA. Traders looking for a reliable and transparent brokerage should carefully weigh the pros and cons before choosing Tradear as their trading partner. This comprehensive Tradear review aims to provide readers with a clear and informative overview of Tradear and its offerings. Remember, knowledge and research are key when making sound investment decisions in forex trading.
Stay safe and avoid odd brokers like EU Finance. If you need help choosing the right broker that fits your trading style and preferences, contact us today!
Is Tradear a Regulated Broker?
They are regulated by the Seychelles Financial Services Authority (FSA). That is an offshore regulation, so be aware of the risks involved.
Is It Safe To Trade With Tradear?
No, it is not fully safe to trade with Treader at the moment.
Can I Withdraw My Funds From Tradear.com?
Some people said they were able to withdraw, but many people had issues.