If you’ve thought about trading online, you’ve probably heard of Tradiso, a major player in the forex and CFD markets.
The only problem is that there are a ton of unsettling Tradiso reviews online, all of which imply that the trading platform is dubious and shouldn’t be trusted. But you should have all the information you need before you decide.
Is Tradiso a fraudulent firm? Should you use Tradiso to invest or trade? Can you get money off of Tradiso? We’ll dissect some of the negative Tradiso broker reviews to help you come to an informed conclusion. But first, what is Tradiso?
What is Tradiso?
A group of seasoned traders created the online trading platform in 2021 with the goal of assisting both novice and seasoned traders in smoothly and quickly executing their trades.
Tradiso was created as a response to the difficulties that internet traders encounter, including delayed transaction executions and high prices.
It’s common for newly established businesses, particularly financial organizations like Tradiso, to first run into challenges with trust. People are often unwilling to let go of their investment funds especially when they can spot a few inadequacies.
However, inadequacies and loopholes cannot be unexpected because the firm is still relatively new and changes can only be implemented as they go along.
This applies to the withdrawal issue that the majority of the negative tradiso reviews online have highlighted as a red flag. At first, investors could not withdraw funds but this was only a loophole that has now been fixed.
Unfortunately, this loophole and several others like the funding methods and license issues have been blown out of proportion. As a result, the internet is now overrun with unfavorable Tradiso reviews.
The Truth About Tradiso’s Funding and Withdrawal Issues
If you’ve made your findings for a while, you would have noticed that most of the bad Tradiso broker reviews focus mainly on funding and withdrawal difficulties.
But the truth is that these difficulties are almost inexistent. It is relatively easy to fund your Tradiso account or withdraw your funds from it.
Users can only fund their trading accounts with digital currencies like Ethereum, Bitcoin, Dash, Litecoin, and similar ones on Tradiso. Cryptocurrency transactions are allegedly difficult to track, according to some negative Tradiso broker reviews. This assertion is frequently followed by the exclusion of withdrawals.
The network is governed and licensed, so even though the first statement may be accurate and cryptocurrency transactions are typically untraceable, this shouldn’t be much of a problem. The fact that traders can withdraw their money whenever they choose is the most crucial aspect.
Tradiso Regulation Concerns
Tradiso is regulated and licensed like every other online trading platform that is worth its salt. The platform is regulated by SVGFSA and is run by Tradiso Group LLC, registered in St Vincents and the Grenadines.
Tradiso Trading Terminals
One of the appealing aspects of the platform is that Tradiso uses some of the most well-liked trading terminals. The trading platform makes use of the Meta Trader 4 (MT4), Meta Trader 5 (MT5), and Dash Trader pro terminals, offering users access to a variety of technical analysis tools and more than 50 advanced analytical indicators.
What Trading Markets Are Available on Tradiso?
Tradiso allows traders to invest and trade across different markets, not just the forex market. You can trade stocks, cryptocurrencies, shares and other commodities.
What Type of Accounts does Tradiso offer?
Similar to the majority of other trading platforms, Tradiso has three account types: Standard, ECN, and Pro.
Standard: The most fundamental type of account offered by Tradiso is standard. It has a leverage of 1:100, significant liquidity, and no commissions. This account type does not require a minimum deposit and offers traders access to the Meta Trader 4 platform.
ECN: This sort of account is mid-level. It has raw stream spreads, 1:100 leverage, and a per-side payment of $7.50 per lot. This account type has no minimum deposit requirements and enables traders to access the Meta Trader 4 platform.
Pro: The Tradiso minimum deposit for this account type is $25k, making it the highest account type available. In addition to having low markup spreads, it is also commission-free. On the Pro account, traders have access to Meta Trader 4, 1:100 leverage, and deep liquidity, just like with the other account categories.
Is Tradiso a Safe Trading Platform?
There are no exact facts to make anyone conclude that Tradiso is a scam or that the platform is shady and should not be used.
Tradiso is a licensed and regulated trading platform and we have no reason to think otherwise. Plus, you can withdraw your funds swiftly and at any time you please, so we don’t have any withdrawal concerns.
Before investing money, it’s best to do your own research and make sure you want to use the platform.
Given that we have no business relationship with Tradiso, we can’t make many promises. The platform does, however, offer outstanding customer support, which is a plus.
You may easily get in touch with them using the contact information on the website if you run into any difficulties and are unable to solve them on your own. Most of the unfavorable Reviews of the Tradiso broker state that the only method of contact or dispute resolution offered by the broker is an inefficient chatbox.
This is incorrect; Tradiso’s website lists an email address for customer support. Not only that, but there is also an address scribbled there.
Our Verdict: Should You Trade With Tradiso or Not?
We cannot make any direct recommendations, so this would be entirely up to you. There’s a lot to consider when it comes to trading online and you cannot go into it without weighing your options well.
The only issue we have been able to identify with Tradiso so far is the funding methods – restricted to cryptocurrency. But if after making your findings, you’re comfortable with it, you can go ahead and trade with the platform.