Trade Financial Brokers. Everything you should know about them
Brokers. There are so many available when you want to start trading. However, did you know that more than half of all the available brokers aren’t legit and recommended? This is making choosing the right broker so much harder.
Trade Financial brokers are one of the brokers that you can use for trading. However, you need to make sure that they are legit and that they come highly recommended. With this review, you will see that this isn’t the case. That there are many irregularities that you should be aware off before you can register with them.
More about the company
Trade Financial brokers are known as forex and CFD brokers. They offer a great number of cryptocurrency pairs that you can trade with.
They are situated in the Republic of Vanuatu and it seems like they are able to give a valid address and email address. What we found dodgy, is that their telephone number is in South Africa. How can their company be situated in Vanuatu, but their phone number is a South African number? The first sign that there might be something seriously wrong with this company.
Registration and regulations info
There is absolutely no information about being registered or regulated on their website. And, with further investigation, we don’t find this information. This means that they aren’t registered or regulated. If they were, they would have stated it on their website for everyone to see.
It is really important to make sure that they are registered and regulated. This is the only way that you can make sure that your investment and money is safe. And, this can’t be said of Trade Financial. Making them a risk to use.
Different account options and minimum required deposits
Trade Financial is offering different account options. There are four different accounts that you can choose from. They are the Mini account, silver account, Gold account, and the VIP account. The different accounts offer different benefits, so you should make sure that you know what type of benefits you want before you choose the account from Trade Financial.
One of the things that you need to know about the different accounts are the minimum required a deposit. The mini account has a required deposit of $250 and the VIP account has a required deposit of $60,000. You might think that the required deposit for the mini account isn’t too high. But, it is in fact high compared to some of the other, more reliable brokers.
The platform that they are using
One thing that we know for certain is that they don’t make use of MT4. MT4 is the best platform that you can use for trading. This is also the safest platform to use. And, they don’t offer it.
This means that the platform that they are using isn’t as recommended as what you might think. And, this can mean that you can encounter some trading problems with using a platform that you don’t normally use. There isn’t any information about the platform that they are actually using, and they don’t offer a demo account. Meaning that we can’t investigate the platform that is being used.
Good things about them
There are a couple of good things about using Trade Financial. They do offer a huge variety of different cryptocurrency pairs that you can trade with. And, they do offer a great number of payment options that you can use. The more payment options there is, the more choices you have. And, then you can use the payment method that is offering a money back guarantee.
What traders are saying about Trade Financial
What are traders saying about Trade Financial? Those traders that have been used Trade financial before. Most reviews aren’t positive. They are saying that the brokers are trying to get more deposits from them, and losing money in paying fees is something that is happening all the time.
There are traders that are claiming that withdrawing money is hard and they don’t really offer the assistance that is needed.
What regulators are saying about Trade Financial
This is the most important thing to consider. What are regulators saying about Trade Financial? They are putting official warnings out for using Trade Financial. There are many reasons why you should not use Trade Financial as your broker.
They aren’t registered, and their contact information is dodgy. They aren’t regulated and can do just about anything and changing their rules and regulations all the time. All the regulators are warning about using Trade Financial if you want to see a profit and want to withdraw the money from their account again.
Trade Financial seems legit when you are looking at their site for the first time. However, with further investigation, it is clear that they aren’t as legit and recommended as what you might think. In fact, there are many reasons why you should not use them at all. There are much better and much more reliable brokers out there that you can use without putting yourself and your money at risks.