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Traderia Review - is it scam or safe?

Traderia Review - is traderia.com scam or good forex broker?

RATING: 1 / 4 REVIEWS Traderia
Traderia is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


Trading Accounts and Conditions

 

Trading account Min. deposit  Max. leverage Spread
Classic  $1 000 1:400 3 pips, fixed
Gold  $10 000 N/A 0.9 pips
Platinum  $25 000 N/A N/A
VIP  $100 000 N/A 0.3 pips

  

Traderia is an offshore forex and CFD Broker, which supports the good old MT4 and offers its clients the account types listed above.  If you consider investing with them take a note of the following review.

 

 

Traderia Advantages

 

MT4 supported

As we already mentioned, Traderia supports the MetaTrader4 platform. The charting of the MT4 is probably the best in the business, the software is light on the hardware and there are mobile and web versions also available. Besides, the MT4 is especially popular for its Expert Advisors used for automated trading and custom technical indicators, which is done via the proprietary coding environment. 

  

 

>> Find some of the best MT4 brokers here <<

 

 

Many CFDs available, including on cryptocurrencies

Another part of Traderia’s offer, which might be considered as an advantage, is the rich product portfolio. The broker offers trading in more than 40 currency pairs and various CFDs – on indices, commodities, stocks, as well as a lot of cryptocurrencies. The latter are being traded against USD, EUR, and GBP.

 

Yet, we would advise crypto-enthusiasts to select a provider from our list of reliable brokers, as Traderia is not regulated and not to be trusted.

 

 

>> Licensed forex brokers offering Bitcoin CFDs <<

 

 

Traderia Disadvantages

 

Operated by an offshore company, blacklisted by CONSOB

According to the information on its website, Traderia is owned and operated by Pro Star, an offshore company registered in St. Vincent and the Grenadines (SVG). Brokers in such offshore zones are not licensed, nor supervised by any authority, and many of them are engaged in fraudulent practices. That is why we advise traders to avoid offshore brokers as a general rule.

 

 

Click to zoom in.

 

What is worse, we found out that that Traderia was blacklisted by the Italian financial watchdog, CONSOB. The broker obviously targets European investors, while it is not authorized to offer financial services on regulated markets such as the European Union.

 

The EU is a strictly regulated market and all financial services providers operating there should hold a license by an official regulator from an EU country, such as the Financial Conduct Authority (FCA) in the UK or the Cyprus Securities and Exchange Commission (CySEC).

 

Trading conditions not clearly presented, no demo accounts

Another worrisome sign regarding Traderia is that the broker’s trading conditions are not clearly presented on its website. For example, the account types section features only the minimum investment required. The maximum leverage levels are basically not disclosed, but we figured out that the broker offers at least 1:400.

 

Furthermore, (potential) clients of Traderia cannot test the broker’s services for free, which is another red flag. All decent brokers offer demo accounts with paper money, which shows that they are transparent about their services and pricing.

 

Excessive initial deposit

To open a live account and start trading with Traderia, you should invest at least $1000. In our opinion, that amount is excessive, as with most brokers you can open a real account with $100 - $250 or less, while some big names like IG do not have a minimum deposit requirement at all. 

 

High spreads

Traderia’s benchmark spread on EUR/USD is fixed at 3 pips, while most fixed-spread brokers offer a spread of 2 pips for this pair, and those using floating spreads usually even lower.

 

 

Click on the image to zoom in.

 

For further information and comparison on trading costs, check out the below link.

 

 

>> The spreads of top brokers compared in real-time <<

 

 

MT4 provided by a third party

When we downloaded Traderia’s MT4 platform, we noticed that it is provided by a third party, Algo Trade Limited. We don’t know whether and how the two companies are related, but we decided to mention this detail nonetheless.

 

 

Conclusion

 

Traderia is an offshore broker with limited credibility, which illegally targets European investors. No wonder the Italian financial watchdog warned the public against doing business with it. Besides, the broker’s offer is by no means attractive, considering the high entry amount required and the wide fixed spreads on the most basic account type.

 

Overall, there are far better trading options for traders in Europe. For example, the brokers authorized and regulated by reputable financial agencies like the FCA in the UK or CySEC in Cyprus.



>> Find the best forex brokers licensed in Cyprus <<

 

 

Let’s sum the pros and cons regarding Traderia:

 

Pros Cons
MT4 supported Registered offshore, blacklisted by CONSOB
Many instruments available for trade Trading conditions not disclosed, no demo accounts
  Excessive initial deposit
  High spreads

 

Latest news about Traderia
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Traders` reviews for Traderia

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Revisione giudizio

Devo correggere il giudizio negativo da me espresso precedentemente. In effetti il mio consulente R.C., dopo un esordio poco rassicurante, ha agito con correttezza e competenza, fugando ogni mia perplessità. Ritengo, pertanto, di poter affermare che TRADERIA sia affidabile e sicura.


Translated by Google:

I must correct the negative judgment I expressed earlier. In fact, my R.C. consultant, after a not very reassuring debut, acted fairly and competently, dispelling my doubts. I therefore believe that I can say that TRADERIA is reliable and safe.

Antonio 05/23/2019

Frode

Ho avuto la disavventura di imbattermi in questi truffatori. Mi chiedo come e’ possibile che costoro, palesemente ladri, abbiano la facoltà di operare ancora sul web.

Antonio Gasparini 05/22/2019

Scammed

Sono stato ingannato da questa societa'
Non rispondono più al telefono
Ho chiesto di riavere i soldi indietro ma sono spariti
Usano numeri di telefono italiani ed inglesi, fissi e mobili ma ora nessuno risponde
Avviata da me procedura di denuncia alle Autorità Giudiziaria
Se sapete come recuperare i miei soldi vi prego di contattarmi ed ino
Inoltre bloccate questi ladri

scammed
I was deceived by this company
They no longer answer the phone
I asked to get my money back but they disappeared
They use Italian and English telephone numbers, landlines and mobiles but now nobody answers
Initiated by me the procedure for reporting to the Judicial Authorities
If you know how to recover my money, please contact me and ino
Also block these thieves

Luciano Lepone 04/16/2019

Traderia - Frode

Buongiorno
Credo di essere stato frodato da Traderia
Non vogliono restituire la mia somma depositata
Nel sito Traderia è impossibile fare prelievo in libertà
Non rispondono più al telefono
Il conto è ancora aperto ma credo che è tutto falso

Translated by Google:


Good morning
I believe I was cheated by Traderia
They don't want to return my deposited sum
On the Traderia site it is impossible to make a free withdrawal
They no longer answer the phone
The account is still open but I think it's all fake

Luciano Lepone 04/13/2019
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