Review of Tradiso: Is a reputable forex broker or a scam?

Review of Tradiso: Is a reputable forex broker or a scam?

Tradiso claims to be a well-known broker that provides fast execution, over 800 trading instruments, and raw spreads along with a choice of two excellent platforms and leverage up to 1:200. Despite what Tradiso may be stating, they are not regulated anywhere, despite the fact that the offer may appear to be completely legitimate and alluring at first glance. To keep a long tale short, Tradiso has all the characteristics of a scam. Additionally, its offshore registration does not help the situation and you can also look for Reviews on Tradiso for more information.

What about Tradiso: Is it legal?

No, Tradiso cannot pass for a legitimate broker because they fraudulently assert that they are regulated, even though their website is replete with red flags. Better look at our list of reliable brokers who operate under UK regulation. The real words of tradition are as follows. They state that they are owned and run by Tradiso Group LLC, a business that is “controlled by St. Vincent and the Grenadines Jurisdictions” and is based in St. Vincent and the Grenadines. 

In St. Vincent and the Grenadines, the local financial authorities simply do not supervise forex and CFD brokers in the face of the Financial Services Authority (FSA), only banks, pension funds, and the insurance industry. Due to the large number of con artists who register their offshore companies on the islands and pose as authorized forex brokers, as is the case with Tradiso, they have even issued a warning on the subject.

The Financial Services Authority in St. Vincent and the Grenadines states, “FOREX or Brokers Trading licences are not issued by any authority in St. Vincent and the Grenadines. The FSA does not issue any licences to carry on the business of FOREX Trading or Brokerage or Binary Options Trading, nor does the FSA “Regulate, Monitor, Supervise or License” International Business Companies (IBCs) which engage in such activities.”

What is Tradiso’s minimal deposit amount?

Tradiso doesn’t bother to say what their possible minimum deposit requirement is, but since we are dealing with unregulated, offshore scammers anyhow, here you can check out our list of brokers who offer micro accounts, where you won’t have to deposit more than $250 initially and where you will be able to trade with micro lots of only 1000 base currency units. The three account types that Tradiso offers are Standard, ECN, and Pro.

Is it possible to profit from Tradiso?

No, you shouldn’t have any illusions that using an unregulated, offshore website like Tradiso will allow you to gain money because you will hardly ever be able to withdraw even a single dollar. Instead, you could look at our list of trustworthy brokers in Europe that are duly licensed.

And we truly mean it when we claim that you won’t be able to withdraw a single dollar. Consider the so-called trade bonuses as an example. You will undoubtedly be duped into accepting them. They always have conditions attached; you must meet a minimum trade volume requirement before filing any withdrawal requests. To make matters worse, con artists like Tradiso frequently modify their bonus policies, which somewhat explains why you will never be seen as being qualified to withdraw anything from a trading bonus, regardless of what you accomplish.

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