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Tradeu2 Review - is it scam or safe?

Tradeu2 Review - is tradeu2.com scam or good forex broker?

RATING: 1 / 2 REVIEWS ForexBrokerz Tradeu2
Tradeu2 is an offshore broker. Your money is not safe.

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Trading Accounts and Conditions

 

Account type Min. deposit Min. trade size Max. leverage Spreads*
ECN $500 0.01 1:500 From 0.8 pips + commission

 

*As announced on website.

 

The information about the account types and the spreads offered by Tradeu2 is not clearly presented. We have filled the table above with the data available on its website. Maybe the broker offers more account types, as it mentions that scalping is only allowed on ECN account.

 

Keep in mind that Tradeu2 does not provide services to residents of the USA, Japan, and some other regions.

 

 

Tradeu2 Advanatges:

 

- (Seemingly) competitive spreads

On different sections on its website the broker specifies different spreads – starting from 0.2 pips or 0.8 pips on EUR/USD. This sounds good, but the commission that probably applies is not disclosed.

 

So, we decided to test the broker’s demo accounts and found the spreads floating around 1.4 – 1.5 pips on EUR/USD, without commission fees. Such pricing is competitive, as it falls within the average for the forex industry. That being said, there are brokers offering better spreads. For example, major brokerage IG provides spreads averaged 0.6 pips on EUR/USD and charges no commission fees.

 

- MT4 available

This offers trading on the renown MetaTrader 4, which is still the most popular trading platform, although lately its successor gains popularity among forex brokers. The MT4 is highly praised by the forex community due to its top-notch charting, numerous indicators and Expert Advisors available, as well as customization options and ease of use.

 

 

>> Top-tier MT4 brokers <<

 

 

- High leverage levels provided

The maximum leverage offered by Tradeu2 is up to 1:500, which is a high ratio. Nonetheless, many brokers offer similar or higher levels.

 

Leverage is a kind of credit brokers give to their clients to boost their trading power. The tricky thing is, leverage can work both ways – it can multiply your profits, as well as losses. That is why you’d better not use it to the fullest.

 

 

Tradeu2 Disadvantages:

 

- Poor presentation. Not regulated

As we mentioned earlier, the information on Tradeu2’s website regarding trading conditions and accounts is not very clear. In our opinion, a decent forex brokerage must present its trading conditions clearly.

 

In addition, the broker’s corporate presentation is also rather poor. Tradeu2 says its head office is located in Dubai, while in its Terms and Conditions is stated that the governing law is that of Cyprus. Nonetheless, the broker does not claim to be regulated by any governmental agency and it obviously isn’t.

 

-Demo MT4 powered by Easy FX Solutions

Tradeu2’s demo MT4 is powered by Easy FX Solutions - a company registered in Vanuatu that offers brokerage incorporation services. The latter is related to Up4x, which seems like a scam broker. So, this is another red flag.

 

 

 

- High initial deposit

Tradeu2 requires an initial investment of $500, which is too high, especially for a bropker that is not regulated. For example, one can open an account with IG by depositing just a couple of bucks.

 

 

Conclusion

 

Tradeu2 offers trading in forex, futures and various CFDs, including such on cryptocurrencies such as Bitcoinm Ethereum, Litecoin. Its spreads seem competitive and it uses the robust MT4 platform, howeverthere are many thinngs that bother us with regards to this broker.

 

First, its trading conditions and accounts are not presented in a clear and precise way. Second, its MT4 is provided by an offshore company that seems related to other brokers with bad reputation. Third, Tradeu2 is allegedly operated by SUN CAPITAL LIMITED, a company that is not regulated.

 

Considering the above, you’d better choose a trusted and well-regulated broker instead, like those licensed by UK’s Financial Conduct Authority or another reliable financial regulator.

 

 

>>Forex brokers licensed in the UK<<

 

 

Pros

Cons

(Seemingly) competitive spreads

Not regulated

MT4 supported

Demo MT4 powered by an offshore company

High leverage levels offered

Poor presentation

Diversified product portfolio

High initial deposit required

 

Latest news about Tradeu2
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Traders` reviews for Tradeu2

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

 

 

Sun Capital LTD?

I have recently had an inception from this website via the phone as they were asking me to set up and account and they wanted to send me loads of info. i thought fairplay obviously a scam but i will have a look out of intrest. The parent company (Sun Capital LTD) i was unable to locate on the FCA or any other regulators. I did however locate another company with rather simular names Sun Global Investments LTD which suspisiously after i phoned them to see if they knew this company. At which point they said it was a sister company which is based out in india. Just from this I would say avoid as much as possible as i only spent about 5 minutes doing research and already im lost as to what this company is or whome it is regulated by in the uk. https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000MgC9UAAV

Joe 09/04/2018

recupero fondi

mi rivolgo a coloro che possano aiutarmi a recuperare i fondi investiti su questo sito. Chiedo informazioni al riguardo.Grazie

Translated by Google:

I appeal to those who can help me recover the funds invested on this site. I ask information about it. Thanks

Vincenza meo 08/22/2018

Scam

I am a trader but have not tested it yet, The Broker/ Manager is always after deposits with false promises. Has not delivered s result yet.

Vijay Chetty 07/30/2018

I gave it a shot

I gave it a shot , they contacted by phone form the company . i took the offer a small investment. So far no big problems the service seems fine, although they ask for minimum 500.00 or more US to open the account.. I have not ask to withdraw funds yet so let see what happens . I hope the worst case scenario can at least get my money back !!! . I should have done some more research before investing because what I read on the web is that this company is a scam.

Mark. 07/04/2018

Recovery of funds

Hi,

How does one recover their funds when they feel they have been hard done by by such brokers as are unregulated like this ? Please kindly respond with all the info you have to my mail. I did not do my research well.

MR Khulekani V 04/24/2018

Information on tradeu2

I gave it a shot , they contacted by phone form the company . i took the offer a small investment. So far no big problems the service seems fine, although they ask for minimum 500.00 or more US to open the account.. I have not ask to withdraw funds yet so let see what happens . I hope the worst case scenario can at least get my money back !!! . I should have done some more research before investing because what I read on the web is that this company is a scam.

Dale B 04/19/2018

Strongly do not recommend to send any money

Strongly do not recommend to send any money at this website.
They manipulate your funds and do not return your money when you request.
Welcome to share my experience.

Aftab Rakha 04/08/2018
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