TradeDu Review: All About TradeDu.Com Broker
TradeDu is a broker that gives us many reasons to be doubtful in addition to the absence of regulation. TradeDu introduces itself as a “trusted financial service,” established in the late 1990s.
This is false, as we have never heard of this presumed international broker. The only credible thing is that TradeDu’s low-quality web page may date back to the 1990s.
|St. Vincent and the Grenadines
Regulation and Safety of Funds at TradeDu
TradeDu is not a trustworthy broker at all. Beware of this! They don’t have a license and that alone should be enough to prove they are not to be counted on. Moreover, their offshore location does not help with their credibility either.
TradeDu is said to be held and operated by a firm called TradeDu LLC, assumably based in St. Vincent and the Grenadines, and enlisted with the local Financial Services Authority (FSA).
Tip: It’s wise to leave reviews about TradeDu and other scammy brokerage venues. This stops the spread of sites involved in fraudulent trading activities. In addition, seeing complaints about the broker helps lessen the list of fraud victims.
TradeDu Trading Software
We can see a practically anonymous, zero-credibility website. Yet, it’s strange that TradeDu delivers a well-known platform – the industry standard MT4. It should be emphasized that the availability of trading platforms cannot promise that this trading is not staged.
Many fraudsters use trading platforms to trick their victims into thinking that their money is being invested. This is the unwritten rule, unfortunately.
There are more than enough licensed brokers offering customers the MetaTrader 4 or MetaTrader 5. With them, you can take full benefit of the software’s avant-garde features. Some of them include the use of Expert Advisor bots for automatic trading.
Note: MetaTrader4 exists for Windows, Mac OS, and Linux. Moreover, it also has mobile versions for iPhone, Android, and Huawei. The latest update of the software was released on October 14, 2021. This version delivers error fixes and software stability advancements.
Deposit and Withdrawal Options
TradeDu promises a mixture of payment methods. However, this is false. The only deposit method available is by credit card via unreliable payment processors like N-Genius.
Legit brokers often offer clients various transparent payment methods. That includes bank transfers, cards, and customary e-wallets such as PayPal, Advcash, Skrill, or iDeal.
TradeDu says they do not charge deposit fees. Still, we found no data on withdrawal fees. The sole fee they show is for an idle account. The price in question is 20 USD per month.
Tip: Beware, there are firms that market systems—be it signal sellers or automated trading—and often sell unsafe things and do not yield profitable results. These phony web pages often prey on people on many venues or forums. Always be mindful of this!
Offshore Brokers’ Fraudulent Tricks
Phony offshore forex brokers have different tactics to scam people. In fact, you will see withdrawal issues every now and then. Moreover, you will experience abnormal fees. Bear in mind that there are unreal high fees, constantly surpassing 20%. Those fees will have another name – withdrawal processing fees.
Furthermore, there’s almost always a profit fee. Scammy sites want you to pay these in advance before starting a withdrawal request.
Similarly, there are outrageous promised returns. This one is another favorite scam tactic that you should be mindful of. Fraudsters will always promise you enormous guaranteed returns. Beware that forex trading with favorably leveraged instruments bears substantial risks. Any broker deception will try to convince you that your returns are guaranteed.
TradeDu broker doesn’t have any regulations, and their venue is deficient. In addition, the address appears to be entirely fake, as it shows an offshore location. Also, the payment processor is deceptive as well. Finally, there are way too many withdrawal issues and different complaints.
Make sure to check all the Forex corporations carefully. Always do this before you finalize any transaction. We hope that our TradeDu broker review was worthwhile.
FAQs About TradeDu Broker
Is TradeDu a Good Broker?
TradeDu broker is a suspected scam. It is not a good broker, so stay away from it.
What Is The Minimum Deposit for TradeDu?
The minimum deposit amount is $50. This is an amount for which you can open accounts with many trustworthy brokers.
Does TradeDu Offer a Demo Account?
It appears that the whole software is on a demo account. Be mindful of this.