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Tradize Review - Is it scam or safe?

Tradize Review - is tradize.com scam or good forex broker?

RATING: 1.5 / 2 REVIEWS ForexBrokerz Tradize
Tradize is an offshore broker. Your money is not safe.

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Trading Accounts & Conditions

 

Account type Minimum deposit  Minimum trade size Maximum leverage Average Spreads 
Nano $100 0.01 1:1000 From 2.2 pips
Micro $500 0.01 1:500 From 1.6 pips
Standard $1 000 0.01 1:400 From 1.4 pips
Premium/ECN $10 000 1 1:200 From 0.0 pips + $12 / lot
Direct/ECN $25 000 1 1:100 From 0.0 pips + $9 / lot
Fixed $5 000 0.1 1:200 2 pips, fixed + $ 3 / lot

 

Tradize offers wide range of account types. Its clients may choose variable or fixed spreads, commission-free trading or tighter spreads with commission applicable, leverage as high as 1:1000 or 1:100, ECN or STP execution model. Micro tradable lots for those unwilling to trade in large volumes are available on all commission-free accounts.

 

In addition, Tradize also provides Islamic (swap-free) accounts, as well as account management services.

 

Diversity is undeniably a good thing, however, if we take a closer look at this broker’s conditions, they don’t seem very attractive. Spreads on Nano & Micro account types are above average, and the ones on the Standard account are ok, however you have to invest $1000 in an offshore company, which may not be a clever thing to do. What is more, in order to access ECN environment with Tradize, one needs to deposit at least $10 000 and in fact, the cost of trading on Premium accounts is 1.2 pips per standard lot for the EUR/USD pair, which is average for the forex market.

 

By comparison, one may trade with average spread of 0.4 pips with a commission of $9 round turn by investing $500 in major forex brokerage FxPro, which is licensed by UK’s FCA. For further information and comparison, you may look up and compare real-time spreads of 15 leading brokers here.

 

The Company. Security of Funds

 

Company

Country

Regulation

Tradize Limited

St. Vincent and the Grenadines

N/A

 

Set up in 2013, Tradize is an offshore broker offering trading in 40 currency pairs, precious metals and equities via the most widely used MT4 platform.

 

Tradize Limited (doing business as Tradize) operates under St. Vincent and the Grenadines (SVG) jurisdiction. SVG-based International Business Companies (IBC) provide financial brokerage services under the local regulatory regime, which is one of the most liberal ones. Registration procedure is easy and low-cost and companies face little regulatory supervision, if any.

 

That is why, if you plan to invest a large amount of money, we would advise you to select among brokers regulated in the EU or Australia, or another jurisdiction, where the respective financial watchdogs are on alert and your money will be safe.

 

Trading Platform

 

Tradize supports the widely used MetaTrader 4 (MT4), available as a desktop download and mobile trading apps.

 

MT4 is the preferred trading software of most traders and that is why it is offered by the majority of brokerages. The platform provides all the necessary tools and resources for traders to analyze price dynamics of financial instruments (advance charting tools, built-in indicators, back-testing options), execute trade transactions and create & use automated strategies (Expert Advisors).

 

What is more, Tradize provides VPS (Virtual Private Server) which offers a 24/7 access to a remote server with operational system installed. So, you can be sure that even if your PC is turned off or you have no internet connection, your trading robots are working according to their built-in algorithms and follow the market situation.

 

With this broker, VPS hosting is free for clients with deposits above $5000.

 

Methods of Payment

 

Tradize offers its clients numerous payment options: via credit/debit card, wire transfer, and various e-wallets Neteller & Skrill.

 

Conclusion

 

Tradize is an offshore forex and CFD broker that claims to offer pure No-Dealing-Desk execution on the MT4. However, we find spreads on its commission-free accounts too wide, and ECN accounts require very high initial deposit. Of course, the main problem with this broker is the lack of regulation. To sum things up, here are the advantages and drawbacks with regards to Tradize:

 

 

Pros Cons
ECN environment offered    Not regulated
MT4 available        High deposit for ECN accounts
  High spreads on commission-free accounts
  No choice of trading platforms

                                                                                                  

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Traders` reviews for Tradize

Spread

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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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Worst Broker who are looting money, no regulation

Worst Broker who are looting money, no regulation, never invest on this company. Personally many of the investor have lost their money. I can name the employee mohamed Ali who has previously worked in intfx now working in Tradize and he is working in front and same team who cheated are running in back end. Don't invest in this company loose your capital. I have proof of all the mail and software cheating by this company. Don't trust them

Vikas 05/02/2019
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