Tradiora Review: Is Tradiora.com Profitable or Not?

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Tradiora Review
  • Fund Safety
  • Customer Support
0.5

Summary

Tradiora is a scam broker masquerading as a legitimate one. They are mainly targeting European nations. On the website, one has the option of choosing British English, German, or Spanish. Although the company seems to offer quality services, they are scammers.

Tradiora is a scam broker masquerading as a legitimate one. They are mainly targeting European nations. On the website, one has the option of choosing British English, German, or Spanish. Although the company seems to offer quality services, they are scammers. The red flags associated with them are too many to ignore.

Tradiora Review, Tradiora Company

As the internet continues to grow, so has the number of people who want to make easy money. These fall prey to scammers like Tradiora who offer trading conditions that are too good to be true. If you want to make money in the forex trading market, you should only work with transparent and honest brokers.

About Tradiora.com

At first glance, nothing seems unusual about the website. However, upon closer inspection, one can see some issues with some of the information they provide. The company claims to be built by and for investors. Thus, they show that they have investors’ best interest. However, as we shall reveal, nothing could be further from the truth.

The broker claims to offer more than 200 market products including currencies, indices, commodities, stocks, etc. They also claim to offer favorable trading conditions such as low pricing and a speedy account opening process.

Founders and Team

Despite our best efforts, we could not find any information about the company founders. The website does not mention anything regarding who established the company or who is running it currently. This is a major red flag. A company should reveal this data because the leaders are a reflection of the company’s reputation.

About Tradiora.com, About Tradiora.com

We could not also find any information about when the broker was established. A company that has been in operation for a long time is more trustworthy because they have more experience in the industry.

Contact Details

To reach the broker, you can send an email or a message. However, there is no information about a physical address or where the broker’s offices are located. Again, this is a red flag. A legit broker should have a phone number as well in case the other methods of communication do not work.

In this age of social media, many companies also have accounts where customers can get more information. Also, here they can leave reviews about the company. This broker is however unavailable in the major social networks. Therefore, reaching them is hard, in case you have a challenge that needs immediate attention.

Regulation Status of Tradiora 

This is the most critical aspect of any broker. No matter how good the trading conditions are, you will end up losing if you trade with an unregulated broker. In case you lose your money, the regulatory agencies cannot assist you, if the broker in question was not registered legally.

When we checked their legal documents, we could not find any certificate or registration. This means the broker is not under oversight by bodies like the FCA. As such, they are not answerable to anyone.

From their Terms and Conditions, the broker has mentioned the country of Estonia. The broker could possibly be located in this northeastern European country. However, this country is notorious for harboring scam investment firms and their laws are not stringent.

Trading Conditions  

While choosing a broker, traders check the spread, commission charges, minimum deposit and leverage. The spreads range from 0.13 pips for a standard account and 0 pips for an elite one. The elite account however has a higher minimum deposit requirement.

Another red flag worth noting is that the broker offers welcome bonuses. Many regulators don’t allow this practice as it is only meant to lure traders to invest in the company.

Deposit and Withdrawal

Traders can deposit via Bitcoin, VISA, and Wire Transfer. The minimum deposit is $250 for a standard account and $1,000 for an elite one.

Depositing is easy but the withdrawal process is hectic. To withdraw, the broker offers up to 14 business days. This is too long. A legit broker should not delay withdrawals for more than 24 hours.

Final Verdict

Tradiora is a scam broker and you should stay away from them. There are so many unanswered questions about the firm and hence its dealings are questionable.

To succeed in the forex market as an investor, only work with licensed, honest crypto brokers. These firms are transparent and offer legitimate services. Also, it is easy to reach to them in case of any challenges because they have reliable contact details.

 

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