According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- €200 or equivalent in other currency
- Xcite
- MFSA
Our Evaluation of Tradit
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Tradit is a high-risk broker with the TU Overall Score of 1.93 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Tradit clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
Brief Look at Tradit
Tradit is an online broker that provides access to various trading instruments through its XCITE platform, including currency pairs, stocks, indices, metals, and cryptocurrencies. Tradit offers CFDs rather than underlying assets, offering leverage in compliance with MiFID II regulations and EU regulatory requirements. The broker operates under the supervision of the Malta Financial Services Authority (MFSA) and is also registered with CONSOB (Italy), KNF (Poland), and FI (Sweden). Tradit’s services are unavailable to traders from the UK, the U.S., Russia, Canada, Belgium, Japan, belarus, North Korea, and Iran.
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- Legal and regulated operations.
- Simple registration and quick access to trading.
- Wide range of trading instruments available.
- An intuitive platform is suitable for both novice and professional traders.
- Transparent trading conditions with no hidden fees.
- High-level user fund protection via SSL encryption.
- Five risk-free trades for new clients.
- A minimum deposit of €200.
- No investment programs for passive income.
TU Expert Advice
Author, Financial Expert at Traders Union
Tradit offers the XCITE platform with access to a variety of instruments, including Forex, stocks, indices, metals, and cryptocurrencies. It provides accounts for both retail and professional traders, featuring leverage up to 1:30 for retail and up to 1:200 for professional traders. Its clients benefit from a user-friendly interface, SSL encryption for funds protection, and risk-free trades for new users.
However, Tradit presents drawbacks such as a high minimum deposit of €200 and limited payment options, which may not appeal to traders seeking more flexibility. The absence of investment programs for passive income and automation support could be a disadvantage for more advanced traders. Overall, Tradit may be suitable for novice traders who prioritize straightforward market access but may not meet the needs of those requiring advanced trading tools and diverse payment facilities.
Tradit Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | XCITE |
|---|---|
| 📊 Accounts: | Retail, Professional |
| 💰 Account currency: | EUR, USD, GBP |
| 💵 Deposit / Withdrawal: | Visa and Mastercard, Wire Transfer, E-wallets |
| 🚀 Minimum deposit: | €200 or equivalent in other currency |
| ⚖️ Leverage: | Up to 1:30 (Retail), up to 1:200 (Professional) |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 lots |
| 💱 EUR/USD spread: | 0,4-0,8 pips |
| 🔧 Instruments: | Forex, CFDs on stocks, cryptocurrencies, indices, commodities, ETFs, and synthetic derivatives. |
| 💹 Margin Call / Stop Out: | 100%/50% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Market |
| ⭐ Trading features: | There is no commission per lot and no negative balance protection. |
| 🎁 Contests and bonuses: | Yes |
Trading fees at Tradit vary depending on the chosen asset, account type, and trading strategy. All fees are included in the spread, eliminating additional costs and making the calculation process more transparent for traders. Tradit offers a highly functional XCITE platform, supporting features such as Autochartist signals, one-click trading, Stop Loss, and Take Profit.
Tradit Key Parameters Evaluation
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Trading Account Opening
To facilitate your work with RoboForex and to become comfortable using its terminal, we will give you step-by-step instructions for entering the broker's account and we will give you an online tour of its platform.
Visit the official website as all necessary processes, from account registration to verification, are conducted there.
Provide contact details such as name, phone number, and email address. Create a password for account access.
Fill out a questionnaire by answering questions about trading experience, preferences, and financial capabilities to help Tradit assess readiness for trading.
Submit required documents to confirm identity and address to complete the registration process.
Regulation and safety
Tradit has a safety score of 5.8/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
Tradit Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 MFSA |
Malta Financial Services Authority | Malta | Up to €20,000 | Tier-2 |
Tradit Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Tradit have been analyzed and rated as Medium with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Tradit with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Tradit’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Tradit Standard spreads
| Tradit | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,4 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,8 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,4 | 0,1 | |
| GPB/USD max, pips | 1,4 | 0,5 |
Does Tradit support RAW/ECN accounts?
As we discovered, Tradit does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Tradit. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Tradit Non-Trading Fees
| Tradit | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | - | 0 | 0 |
Account types
Tradit classifies clients as either Retail or Professional. Retail account status is based on equity, which includes the total funds in the account and the value of open trades.
Account types:
Deposit and withdrawal
Tradit received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Tradit provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank card deposits and withdrawals
- Minimum deposit below industry average
- Low minimum withdrawal requirement
- No deposit fee
- PayPal not supported
- USDT payments not accepted
- Wise not supported
What are Tradit deposit and withdrawal options?
Tradit provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller.
Tradit Deposit and Withdrawal Methods vs Competitors
| Tradit | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are Tradit base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Tradit supports the following base account currencies:
What are Tradit's minimum deposit and withdrawal amounts?
The minimum deposit on Tradit is $200, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Tradit’s support team.
Markets and tradable assets
Tradit offers a limited selection of trading assets compared to the market average. The platform supports 330 assets in total, including 46 Forex pairs.
- ETFs investing
- 46 supported currency pairs
- Indices trading
- Limited asset selection
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Tradit with its competitors, making it easier for you to find the perfect fit.
| Tradit | Plus500 | Pepperstone | |
| Currency pairs | 46 | 60 | 90 |
| Total tradable assets | 330 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Tradit offers for beginner traders and investors who prefer not to engage in active trading.
| Tradit | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | Yes | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
The company's operating hours are from Sunday 22:00:01 to Friday 22:00:00 GMT. During these hours, traders can open/close orders by phone and request any trading-related information.
Advantages
- 24-hour support during trading sessions
- Connection with the support team via WhatsApp
Disadvantages
- Non-operational time is from Friday 22:00:01 to Sunday 22:00:00 GMT
- There is no chat on the website
Communication with Tradit representatives is available:
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By email.
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By phone.
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Via WhatsApp.
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Through the contact form.
Contacts
| Registration address | 228, Tower Road, Malta |
|---|---|
| Regulation | MFSA |
| Official site | https://www.mytradit.com/ |
| Contacts |
Education
Key market information and terminology can be found on the Support and Instruments pages of Tradit’s official website. However, the broker does not offer comprehensive CFD trading education.
Comparison of Tradit with other Brokers
| Tradit | Eightcap | XM Group | RoboForex | VT Markets | Pocket Option | |
| Trading platform |
Xcite | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MetaTrader4, MetaTrader5, VT Markets App, Web Trader+ | Pocket Option, MT5, MT4 |
| Min deposit | $0.01 | $100 | $5 | $10 | $50 | $5 |
| Leverage |
From 1:1 to 1:30 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | Yes | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 1.2 point |
| Level of margin call / stop out |
No | 80% / 50% | 100% / 50% | 60% / 40% | No / 50% | 30% / 50% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | No |
Detailed Review of Tradit
Tradit is a regulated broker that provides access to Forex and CFD markets through a modern online platform. It includes all the necessary tools for conducting in-depth technical market analysis and streams fundamental data, enabling traders to evaluate asset prospects from multiple perspectives. Tradit clients can work with linear and candlestick charts, limit risks, and lock in profits using advanced tools like stop-loss and take-profit. The Tradit platform is secured with SSL (Secure Socket Layer) encryption, ensuring the safety of all confidential client information, such as card numbers and personal data.
Tradit’s trading platforms:
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XCITE Web. A high-tech trading platform featuring daily market updates, a news feed, and a built-in economic calendar.
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XCITE Mobile App. Apps for Android and iOS that allow clients to trade and manage their accounts via smartphone or tablet.
Tradit by the numbers:
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Regulated in 4 countries.
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The minimum spread is 0.2 pips.
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Trading is available with over 250 CFDs.
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Rollover commission discounts of up to 40%
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$0 lot commission.
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The minimum deposit is €200.
Analytical services of Tradit:
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Account for retail and professional traders.
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CFD trading via online platforms and phone.
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Autochartist signals.
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Market data and news streaming.
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Quality support for current and potential clients.
Promotions and bonuses:
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Discounts on swaps.
Advantages:
Discounts on overnight rollover commissions.
The ability to trade cryptocurrencies.
Zero fees on financial operations from the broker.
Mobile app for trading anywhere.
24/7 client support during market hours.
Options for personalized live accounts.
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