deposit:
- $250
Trading platform:
- MetaTrader4
- Tradeo Zweb
- FSCA
- CySEC
Attention!
This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.
We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:
Summary of Tradeo Trading Company
The Tradeo trading firm provides services for active trading and investing in assets of the financial and stock markets. The company is registered in South Africa, in the municipality of Sandton, and is regulated by the South African FSCA (Financial Services Authority, 46452). There is no information on the Tradeo website about any awards received by the broker.
👍 Advantages of trading with Tradeo:
- the user-friendly interface provides all the information a trader needs;
- availability of a license and regulatory body;
- round-the-clock support - a trader can turn to professionals for help at any time of the day.
👎 Disadvantages of Tradeo:
- small leverage;
- the broker does not offer investment and other programs to generate passive income;
- the size of the minimum deposit is unreasonably large;
- withdrawal of funds is periodically carried out with a delay;
- the verification process takes too long and it may be necessary to re-upload the documents.
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Investment Programs, Available Markets and Products of the Broker
Tradeo provides the necessary conditions and tools for active trading but does not aim at cooperating with investors, so the usual investment programs — such as PAMM accounts, services for copying trades, investment portfolios, etc. — are not available here.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Tradeo’s affiliate program:
The broker also does not provide an opportunity to receive passive income for participating in a referral program.
Trading Conditions for Tradeo Users
The Tradeo broker aims to provide its clients with the highest quality services. To start trading, the user needs to make a deposit of $250, which will allow trading 24/5 with a leverage of up to 1:40. The company executes trades according to the STP principle and does not impose restrictions on the size of the spread, this indicator is calculated based on current market conditions.
$250
Minimum
deposit
1:40
Leverage
24/5
Support
| 💻 Trading platform: | MetaTrader 4, Tradeo Z web - platform |
|---|---|
| 📊 Accounts: | Demo, Standard, Silver, Gold, Platinum, Diamond |
| 💰 Account currency: | EUR, USD, GBP |
| 💵 Replenishment / Withdrawal: | Bank cards Visa and MasterCard, electronic payment systems Neteller and Skrill, Wire Transfer |
| 🚀 Minimum deposit: | $250 |
| ⚖️ Leverage: | Up to 1:40 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | Floating |
| 🔧 Instruments: | Currency pairs, cryptocurrencies, CFDs on stocks, commodities, indices |
| 💹 Margin Call / Stop Out: | 50%/50% |
| 🏛 Liquidity provider: | Interbank liquidity |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | STP |
| ⭐ Trading features: | Cryptocurrency trading |
| 🎁 Contests and bonuses: | Yes |
Tradeo Commissions & Fees
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | From $2.4 | By bank transfer - from EUR/USD/GBP 15 to 0.03% of the amount |
| Silver | From $1.8 | By bank transfer - from EUR/USD/GBP 15 to 0.03% of the amount |
| Gold | From $1 | By bank transfer - from EUR/USD/GBP 15 to 0.03% of the amount |
| Platinum | From $1 | By bank transfer - from EUR/USD/GBP 15 to 0.03% of the amount |
| Diamond | From $0.7 | By bank transfer - from EUR/USD/GBP 15 to 0.03% of the amount |
There is a commission for transferring a trading position to the next day (swap). For users who practice Islam, there is an option to disable swaps. We also analyzed the commission indicators at Tradeo and its main competitors. Based on the results of the analysis, the brokers received the appropriate level of commission: low, medium, or high.
| Broker | Average commission | Level |
| Tradeo | $1.4 | Medium |
| RoboForex | $1 | Low |
| Pocket Option | $8.5 | High |
Detailed Review of Tradeo
Tradeo is a company focused on providing quality service for traders who prefer active trading. The broker provides all the tools for this: optimal trading conditions, a variety of trading tools, training materials, and round-the-clock (24/5) support of specialists. The use of innovative technologies allows the broker to improve the quality of the services provided, while the variety of trading assets and permissions for automated trading create a comfortable environment for traders with different preferences and trading strategies.
A few figures about Tradeo which will help potential traders evaluate its activities:
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200+ trading instruments;
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5 types of real accounts for users with different needs and 1 demo account;
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the minimum deposit is EUR/USD/GBP 250;
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the maximum leverage is 1:40;
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24/5 trading and communication with the support staff is available
Tradeo is the choice of many active traders
The Tradeo broker specializes in active trading and is actively developing in this direction. For traders, the company offers 5 trading accounts to choose from, among which there are accounts for beginners, experienced traders, and professionals. All trades are executed according to the STP principle. This allows the broker to provide traders with access to interbank liquidity, increase the speed of execution of trades and ensure the most profitable spread indicators.
For comfortable trading, the Tradeo broker offers its clients two trading platforms: the first is the familiar MetaTrader 4, which is suitable for trading from PCs and mobile devices. The second trading platform is the proprietary Tradeo Z web terminal. It is available to traders online without downloading additional software.
Useful services of Tradeo investments:
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economic calendar. Alerts the trader to upcoming events affecting the currency and stock markets, and based on this information, the trader can adjust his trading strategy;
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FAQs. The service contains answers to all frequently asked questions and is especially useful for beginners who want to learn more about the trading conditions in the company.
Advantages:
intuitive and simple site interface;
the company's activities are licensed and regulated;
round-the-clock access to markets during the workweek;
a wide selection of trading accounts, depending on the requirements of the trader;
availability of bonus programs for clients;
support service works 24/5;
execution of orders according to the STP principle;
automated trading is allowed;
each client is provided with a personal manager.
How to Start Making Profits — Guide for Traders
Tradeo offers clients a choice of several types of accounts, designed for both professional traders and beginners. The accounts differ in the size of the minimum deposit, leverage, bonus, as well as available training materials.
Account types:
To learn the trading conditions of the Tradeo broker, we recommend using a demo account. This will help you avoid financial risks.
Bonuses Paid by the Broker
There is a bonus when replenishing a trading account
Depending on the type of account, the trader is credited with a part of the amount replenished: 50%, 60%, 75%, 90%, or 100%. The bonus is available for withdrawal only when the trader fulfills the obligations specified in the bonus agreement.
Investment Education Online
The Tradeo broker allows traders not only to trade comfortably but also to improve their professionalism. For this, the company has presented a training program that is available only to those users who have opened a trading account and made a minimum deposit. There are no educational materials in the public domain.
To make your training as safe as possible and not bring you a loss, we recommend first using your newly acquired knowledge on a demo account.
Security (Protection for Investors)
The Tradeo broker is operated by Tample Capital (Pty) Ltd, which provides investment services and is registered under number 2015/241042/07). Tradeo is regulated by the FSCA - South African Finance Authority.
Upon receipt of a license, the broker is obliged to properly comply with all the requirements presented by the regulatory body; otherwise, the license to provide services will be canceled.
👍 Advantages
- Availability of a regulator and a license to provide services
- Protecting clients' personal information with the international SSL system
- Client funds are ensured by strict internal controls governing the separation of client accounts
👎 Disadvantages
- Documents confirming the existence of a license are not publicly available
- All legal information is set out in English only
- Financial compensation in case of liquidation of the company is not provided
Withdrawal Options and Fees
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To withdraw funds, a trader must submit an appropriate application in the personal account. The number of withdrawal requests is not limited. The minimum withdrawal amount is EUR/USD/GBP 15, and a withdrawal fee is charged for bank transfers. The amount of the commission depends on the withdrawal amount.
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To replenish your account or withdraw earned money, you can use Visa/MasterCard bank cards, electronic payment systems Skrill, Neteller, or Wire Transfer.
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The time for crediting funds to the account for deposits and withdrawals varies from 2 to 5 business days since requests are additionally processed by the broker's financial department.
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You can withdraw money in three fiat currencies: USD, EUR, and GBP.
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Transactions are only possible if the trader has verified his account.
Customer Support Service
If a trader has any questions or problems during trading, the support service will always come to the rescue. It works 24 hours a day, 5 days a week.
👍 Advantages
- Round-the-clock (24/5) communication with specialists
- Several ways to contact the broker
👎 Disadvantages
- Not available on weekends
- Help is provided in English only
You can contact Tradeo specialists using:
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email;
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a call to a South African phone number;
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contacting the offline broker's office (for South Africa);
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messages to the online chat on the site;
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filling out the feedback form.
Access to the support service is available both from the personal account and directly from the website.
Contacts
| Foundation date | 2010 |
| Registration address | The main office is located at 377 Rivonia Blvd, Rivonia, Sandton, 2128, South Africa |
| Regulation |
FSCA, CySEC Licence number: 46452, 282/15 |
| Official site | tradeo.com |
| Contacts |
Email:
support@tradeo.com,
Phone: +44-203-695-8555 (UK), +33-1-8488-3322 (France), +390694807494 (Italy) |
Review of the Personal Cabinet of Tradeo
To start trading on Tradeo and receive a bonus from Traders Union for your trades, you need to register. You can find step-by-step instructions for opening an account and a brief overview of the personal account below.
Go through a quick registration on the Traders Union website, click on the referral link and then click on the "Sign Up" button on the broker's main page.
Fill in a short form with personal data: name, surname, email, country of residence, and mobile phone number. Confirm the application by accepting the privacy policy, after which you will be taken to your personal account.
The next step is to fill out the profile with detailed personal information, including first name, middle name, last name, date of birth, driving license number (if any), city, residential address, zip code.
Also, in your personal account, you need to enter all the data about yourself; to confirm your identity, you will also need a scan of documents. When filling out the profile, you can choose the type of trading account (personal, corporate, or joint).
After checking your documents, your account will be verified and you can start trading.
The following functions are available to the user in the personal account:
1. Replenishment of a trading account.
2. Withdrawal of funds.
3. Change personal profile information and account protection settings.
1. Replenishment of a trading account.
2. Withdrawal of funds.
3. Change personal profile information and account protection settings.
Additional features include:
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information about trading;
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training materials;
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transaction history;
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communication with the support service.
Disclaimer:
Your capital is at risk. 79.06% of retail investor accounts lose money when trading CFDs with this provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.
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FAQs
Why has Tradeo been placed on the Forex Broker Blacklist?
Possible reasons:
• multiple complaints have been filed against Tradeo by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of Tradeo is down, not updated or operates with clear errors and some features are not available;
• Tradeo has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.
What should I do if Tradeo got blacklisted and I still have money in my account?
Don’t panic right away. First, try to find out the reason why Tradeo got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.
What should I do if I cannot withdraw my money from Tradeo?
If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.
Is there any chance to recover my money if Tradeo is a scam?
On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.
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