Tredero is one of the rare brokers that actually opted for the offshore license. However, it doesn’t make it any more legit as FSC doesn’t oblige companies to form a compensation fund. Instead, they are taking money to register the business and leave it at that. Read our Tredero review for further details about the brokerage.
|Broker status:||Offshore Broker|
|Regulated by:||FSC Regulation|
|Blacklisted as a Scam by:||No info|
|Owned by:||Oneprime Ltd|
|Supported Platforms:||MT5, web trader|
|Types of Assets:||FX, commodities, indices, shares|
|Free Demo Account:||No|
|Accepts US clients:||No|
Tredero Regulations and Security
Tredero is owned by Oneplus Ltd from Mauritius and has the FSC regulation. As mentioned, it doesn’t mean much as this regulatory body cannot help clients get their funds back. Tier1 regulators such as FCA and ASIC have a condition of a compensation fund worth around 730,000 EUR from which clients would be reimbursed in case of scams.
With FSC and similar offshore regulators, it’s not the case, so beware of potential trading scams.
Available Trading Software
If there’s one good thing to say, it’s about Tredero trading platform. The broker offers proprietary Web trader, but also MT5, the most recent MetaTrader version with the largest number of indicators.
For those who love web-based platforms, Tredero has a Web trader for FX and CFDs. According to the broker’s website, it contains a vast number of trading tools, including Take Profit and Stop Loss. However, since it’s a proprietary website, it will always be riskier than MetaTrader.
MetaTrader 5 Platform
Advertising it as software for experienced traders, Tredero offers MT5 as well. As mentioned, this platform has a broad range of indicators, charts, and order execution types. At the same time, it’s more secure than a Web trader.
Tredero has a proprietary app corresponding to a Web trader. It’s made for Android and iOS, and there’s a link to download the software on the broker’s website
Fund Withdrawal Issues With Tredero
Since we’ve already explained the issue of an offshore license, we can say it’s similar to having no regulations. Since there is no compensation fund and offshore regulators are hard to contact, brokers like Tredero feel free to scam clients. One of the ways is not processing withdrawal requests and blocking clients’ access to a trading account. If you cannot access your funds, you will never retrieve them.
If you experience something similar, let us know.
Traders About Tredero Scam
According to Tredero reviews, there’s nothing good about the brokerage. It’s rated as poor on several websites, and clients are massively complaining about withdrawals. There are a few more issues in regards to trading conditions.
So if you try to find out about a minimum deposit, leverage, or spread, you won’t be able to get anything from the website. On the other hand, broker’s employees will evaluate your financial situation and ask for as much as they think you can afford.
Beware of the Tredero trading scam! Also remember the names of the FX Quote 247, ImperialFunding and MyBitChain trading scams and avoid them at all costs! Moreover, always check the background of online trading companies before investing!
How Does Online Trading Scam Work?
Online trading scams, especially those run by offshore companies, start with an overpromising ad. You will see magical software with an over 90% success rate, people becoming millionaires overnight. You might even read an article about all the money someone from your country made. Know that all these are fake posts by the broker itself to promote something they cannot deliver.
Once you fall for fraud such as Tredero, you will struggle to see your funds back. Offshore brokers tend to steal as much money as possible and disappear. Watch for anything suspicious about Tredero broker and report irregularities immediately.
Scammed by Tredero? – Tell Us Your Story
If you were scammed by Tredero or a similar bogus brokerage, let us know. Our chargeback specialists are here to hear your story and help you find the most suitable money-back solution.
But What Is A Chargeback?
This is a way for your bank to reverse the fraudulent transaction within 540 days since it occurred. For further details, contact us via online chat and book your free consultations with an expert. Don’t let scammers run with your hard-earned money!
What Is Tredero?
Tredero is a Forex and CFD online trading provider from Mauritius.
Is Tredero A Scam Broker?
Company has had negative reviews and is suspected to be a fraudulent firm.
Is Tredero Regulated?
Tredero is regulated by the FSC Mauritius and has no compensation fund.