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

Review of Tradiso

Review of Tradiso – 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 make a long story short, Tradiso has all the characteristics of a scam. Additionally, their offshore registration does not help the situation.

In St. Vincent and the Grenadines, the local financial authorities simply do not regulate 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. It is important to know about Reviews on Tradiso.

How to earn 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 should look at our list of trustworthy brokers in Europe that are duly licensed. And we truly mean it when we say that you won’t be able to withdraw a single dollar. Consider the so-called trading bonuses as an example. You will undoubtedly be duped into accepting them. 

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. – Blog

Tradiso claims to offer leverage up to 1:200, but since they are nothing more than a scam website, you can also find our list of brokers here who actually offer leverage up to 1:500. As it turned out, there are just a few digital currencies and stable coins accepted at Tradiso, including Bitcoin, Ethereum, Bitcoin Cash, Dash, Litecoin, Ripple, and USD Tether. Instead, you should take a look at our list of brokers where you can use your VISA or MasterCard.

Final thoughts

Another sign that we are dealing with a scam is the fact that Tradiso demands payment in bitcoins or other crypto currency. To begin with, crypto-currency transactions are typically more or less anonymous; you never know to whom exactly you are giving money. More importantly, however, is that all crypto-currency payments are 100 percent irreversible, which means that once a transaction is completed, there is no turning back. This is how blockchain technology functions, and it is the reason why con artists prefer to take your money in the form of crypto-currency.

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