Tradeu2 Review - is it scam or safe?

RATING: 1 / 7 REVIEWS

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

No news about Tradeu2. Check back later.

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	HYCM is global forex broker with more than 40 years of operational experience, regulated by FCA in the UK. Trade Forex with spreads as low as 0.2 pip

Broker	Country	Regulation	Platform	Min Deposit	Review
	US	CFTC, NFA	MT4, Web, in-house	$50	Review Website
	US	NFA, CFTC	MT4	$250	Review Website
	Cyprus, UK, Mauritius	CySec, FCA, FSC	MT4, MT5, Web	$10	Review Website
	Australia	ASIC	MT4, MT5, IRESSTrader	$100	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, MT5	$5	Review Website
	UK, Australia, South Africa	FCA, ASIC, FSCA	MT4, Trading Station, NinjaTrader	$50	Review Website
	UK, Cyprus, UAE, South Africa	FCA, CySEC, DFSA, FSB	MT4, MT5, FxPro Markets, cTrader	$100	Review Website
	Cyprus	CySEC	MT4, MT5, Web	$1	Review Website
	Belize	IFSC	MT4, MT5	$100	Review Website
	Cyprus, UK, South Africa, UAE	CySec, FCA, FSCA, DFSA	MT4, MT5, Web	$5	Review Website
	Cyprus, UK	CySEC, FCA	MT4, MT5	$1	Review Website
	UK	FCA	MT5	$5	Review Website
	UK	FCA	MT4, Web, MT4 for Mac	$100	Review Website
	Australia, UK	ASIC, FCA	MT4, MT5, cTrader	$200	Review Website
	UK, Cyprus, Dubai	FCA, CySEC, DFSA	MT4, MT5, Web, PrimeTrader	$100	Review Website

Traders` reviews for Tradeu2

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Slippage

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Requotes

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Price feed

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Platform

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Deposit/Withdraw

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Customer service

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Summary

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Submit a complaint or share your experience with Tradeu2

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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

(2)

(1)

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

(1)

(0)

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

(1)

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

(1)

(0)

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

(3)

(0)

Information on tradeu2

Dale B 04/19/2018

(3)

(0)

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

(7)

(3)

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