Tradesto

What is Tradesto？

Tradesto, a St. Vincent and the Grenadines registered online Forex and CFD broker, was founded in 2012 and set offices in St. Vincent and the UK. Tradesto is an ECN broker that offers online trading through the sophisticated MetaTrader 4 trading platforms. Tradesto Corporation is incorporated and registered in Saint Vincent and the Grenadines under license number 22360 IBC 2014. The Companys legal and correspondence address is at Griffith Corporate Centre, Kingstown, St. Vincent and the Grenadines.

Pros & Cons

Pros:

Tradesto stands out with its expansive range of trading instruments across multiple asset classes, catering to both novice and experienced traders. The highly-regarded MT4 Trading Platform is offered, ensuring an advanced yet user-friendly trading experience. Additionally, the broker makes the entry barrier relatively low, requiring just a $100 minimum deposit, which is affordable for a vast majority of traders looking to engage in the financial markets.

Cons:

However, some concerns arise when considering Tradesto. The high leverage, while tempting, can be a double-edged sword, greatly amplifying potential losses. The lack of transparency in spreads and commissions for all account types might leave traders in the dark regarding potential costs. While multiple withdrawal options are available, the wire transfer's timeline of 2-6 business days can be inconvenient for those needing quicker access to their funds. Moreover, being unregulated might make some traders apprehensive due to the potential lack of oversight and protection.

Is Tradesto Safe or Scam？

Tradesto currently has no valid regulations and there are many reports of unable to withdraw and scams. When considering the safety of a brokerage like Tradesto or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

• Regulatory sight: It is not regulated by any major financial authorities,which means that there is no guarantee that it is a safe platform to trade with. Tradesto was regulated by VFSC and ASIC. However, Vanuatu Financial Services Commission has revoked their license and the license by Australia Securities & Investment Commission is exceeded.

• User feedback: There are 113 pieces of exposure in total. These include withdrawal problems, account being disabled, and potential scam issues. Investors should be aware of these user reviews and consider carefully before

• Security measures: So far we cannot find any security measures info on Internet for this broker.

Ultimately, the decision of whether or not to trade with Tradesto is a personal one. You should weigh the risks and benefits carefully before making a decision.

Market Instruments

Tradesto offers forex, precious metals, and crude oil.

Forex

Forex is the largest and most liquid financial market in the world. It allows traders to buy and sell currencies against each other. Tradesto offers a wide range of forex pairs to trade, including major pairs, minor pairs, and exotic pairs.

Precious metals

Precious metals are commodities that are valued for their rarity and beauty. They are also used as a store of value and as a hedge against inflation. Tradesto offers trading in gold, silver, platinum, and palladium.

Crude oil

Crude oil is a commodity that is used to produce gasoline, diesel fuel, and other petroleum products. It is one of the most important commodities in the world economy. Tradesto offers trading in crude oil futures contracts.

Account Types

Tradesto meticulously caters to the diverse investment needs and trading experiences of investors by offering six different types of trading accounts: Standard, Islamic, ECN, MAM, Joint, and Corporate accounts. This inclusion of an array of account types shows Tradesto's commitment to accommodating investors of all levels. Furthermore, Tradesto maintains a low barrier to entry, requiring traders to only initially fund their account with a minimum of $100. This approachable threshold encourages new and seasoned investors alike to easily engage in trading activities, be it in forex, precious metals, or crude oil.

Leverage

Tradesto offers its clients leverages up to 1:500. Leverage is a powerful tool that allows traders to control a larger position in the market with a relatively smaller amount of capital. With a leverage ratio of 1:500, clients have the potential to amplify their trading positions substantially, thus increasing the potential for both profits and losses.

While higher leverage can enhance trading opportunities, it also comes with increased risk, as market fluctuations can have a more significant impact on account balances. Traders are advised to approach leveraged trading with a thorough understanding of the associated risks and to implement risk management strategies diligently.

Spreads

Tradesto boasts competitive spreads across its trading offerings. With an average spread of 2.0 pips in forex, it indicates a favorable trading condition. In the case of gold and oil trading, the spreads are slightly wider, standing at 3.0 and 4.0 pips respectively. This array of relatively low spreads embodies Tradesto's commitment to provide clients with favorable trading conditions, thereby increasing their potential for higher returns.

Trading Platforms

Tradesto provides its traders with access to the widely recognized MetaTrader 4 (MT4) trading platform, which is available for PC, Android, and iOS devices.

The MT4 platform is renowned in the financial industry for its user-friendly interface, extensive charting tools, and a wide range of technical indicators that cater to traders of all levels.

With the PC version, traders can enjoy the full power of the platform on their desktops, while the Android and iOS versions allow for seamless trading on mobile devices, offering flexibility and convenience, especially for those on the go.

MT4 is known for its stability, speed, and support for automated trading through Expert Advisors (EAs), making it a popular choice among traders worldwide.

Deposits & Withdrawals

Tradesto offers traders a diverse range of deposit and withdrawal options for their investment accounts. Traditional wire transfers are available, usually processing within 2 to 6 business days. For those in Asia, convenient local payment solutions like Help2pay and Shop2pay are supported. Credit card transactions are facilitated for major providers like Visa and Mastercard, and digital wallet options include Neteller, Fasapay, and I-Account. China-based traders can utilize China UnionPay. Additionally, in keeping with the rise of digital currencies, Tradesto accepts Bitcoin transactions. As always, traders should consult with the platform or customer support regarding any fees or specific transaction details.

Customer Service

Tradesto prioritizes efficient and timely customer support for its traders. Their dedicated team is ready to address all concerns, be it technical, account-related, or general inquiries.

Tradesto Corporation is registered in Saint Vincent and he Grenadines at the registered office address at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St Vincent & the Grenadines and operation office address at 443 EARLY STREET, MUNSTER, KWAZULU NATAL, 4278 SOUTH AFRICA.

For direct assistance, traders can reach out via telephone (+44 2080363883).

Emails (support@tradesto.com or info@tradesto.com) serve as an alternative for those who prefer written communication, and the broker's website also offers a contact form for convenience.

Beyond traditional contact methods, Tradesto maintains an active presence on social media. Their Facebook page provides regular updates, their Instagram offers educational content and their LinkedIn profile gives insight into corporate updates and industry news. This multi-pronged approach ensures that traders receive support wherever they are and through whichever medium they prefer.

Frequently Asked Questions (FAQs)

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.