Tradiso Brokers Review: Offshore or Legit Trading Platform?
Are you considering using Tradiso — the globally recognized online trading giant? Chances are that you’re getting discouraged by the numerous negative Tradiso reviews on the internet and that’s why you’re reading this.
Is Tradiso a scam? Can you get funds out of Tradiso if you invest there? What should you look out for when choosing a reliable trading platform? We’ll answer all your questions in this post.
Background Information
Tradiso was established in 2021 by a group of trading experts who decided to develop an online trading solution to help beginner and veteran traders navigate the complexities of online trading. The platform helps to solve major challenges like delayed trades and skyrocketing trade prices.
There are tons of negative Tradiso reviews online that portray the online trading platform as a scam. This is surprising for the most part because most of the red flags highlighted in these bad reviews are inexistent and untrue.
The majority of the bad reviews state that Tradiso is an offshore, unregulated platform that is out to deceive and scam traders. They also claim that the platform does not allow investors to withdraw their funds. But what is the truth?
Is Tradiso a Licensed or Regulated Platform?
A license is the best way to identify a reliable trading platform and only regulated financial institutions have licenses. Tradiso is a regulated trading platform — the platform is regulated by SVGFSA and Tradiso Group LLC, located in St Vincent and the Grenadines.
Tradiso Funding and Withdrawal Issues
Can you withdraw your funds on Tradiso at any time? Yes, you can. Tradiso allows investors to request withdrawals as they please, and the withdrawal process is quite uncomplicated. All you’ll have to do is to log into your secure client area and head to the Funds tab. You’ll see a tab named Withdraw, where you’ll find all your withdrawal options.
Funding your Tradiso account is however a different ball game entirely and the negative reviews may have something on Tradiso here. Tradiso only allows users to fund their accounts using crypto assets like BNB, Litecoin, Dashcoin, ETH, and others.
The bad Tradiso broker reviews say that this is a red flag because crypto transactions cannot be tracked, hence, if you fund your Tradiso account via crypto, you may be at risk of losing your money.
Accounts and Plans
Tradiso offers three account types – Standard, ECN, and Pro.
Standard plan: The standard plan is the simplest account type. It has no minimum deposit, is commission-free, and has a 1:100 leverage.
ECN plan: This is Tradiso’s mid-range plan. It also has no minimum deposit, is commission-free, and has a 1:100 leverage. The difference between the ECN plan and the standard plan is that the former comes with raw stream spreads and $7.50 per lot payable per side.
Pro Plan: This is the most advanced Tradiso plan and unlike the other two, it has a $25,000 minimum deposit and offers small markup spreads. It is also commission free and has a 1:100 leverage.
All Tradiso plans allow traders to use the Meta Trader 4 (MT4), one of Tradiso’s trading terminals.
Why Tradiso May Be Safe For You
There are a few ways to know whether a trading platform is secure or not. We’ll discuss some of them below to let you know if Tradiso hits or misses the mark.
Customer Support
When choosing a trading platform, be sure to go with one that provides a direct contact. It’s important that you’re able to reach them if you encounter any issues. Most Tradiso broker reviews claim that the website only provides a chatbox and no contact details. These claims are untrue because there is a direct email and office address on Tradiso’s website.
Demo Account
If an online trading platform does not offer a demo account, then you should be wary of them. Tradiso broker reviews often claim that the platform offers a demo account that is only accessible to members. This is not true – anyone can access the demo account; all you’ll have to do is provide your email address and password.
Tradiso ticks both boxes — they provide a direct email for contact and support, and they also provide a demo account that does not require you to provide sensitive information.
Tradiso Trading Terminals
Tradiso uses the Meta Trader 4 (MT4), Meta Trader 5 (MT5), and Dash Trader Pro terminals. These are top trading terminals that avail online traders with lots of opportunities. Users will have access to 50 technical indicators and several analysis tools.
Is Tradiso Safe For You?
We may not be able to outrightly say whether or not Tradiso is safe for you. However, there are no verifiable claims to prove that the platform is shady.
Going by the claims on the website, the online platform is regulated, they provide contact details, and they allow online traders to withdraw their funds on request.
The only reason we are a bit skeptical about the platform’s authenticity is that their sole means of funding is through crypto. However, this may not be a genuine cause for concern. We’ll recommend that you invest only a little for a start if you’re still unsure.