The surge in the internet-based trading platform has led to the rise of trading scams. The forex industry is rapidly growing and a large number of investors and traders are finding more and more opportunities to generate their wealth and earn profits. But, with the increasing trend of the forex market and trading, the number of forex scams is also increasing. It is becoming difficult and confusing to differentiate between a legit and a scam broker. The scammers nowadays are way ahead in their creativity and misleading the investors and traders. Hence, it is advisable for all the people involved in trading, to have detailed knowledge about the broker, with which you are going to invest the funds.
Read the Traderia review to know more about this broker and its working. Various complaints have been registered against the Traderia scam and so, let us know how this broker works and what are its advantages and disadvantages.
Traderia Review and Its Working-
Traderia was registered in St. Vincent and the Grenadines and is considered as leading foreign exchange broker. It offers the investors a variety of assets such as forex, CFDs, and commodities for online trading. However, Traderia is not regulated by any legit authority, die to which most of the traders and investors would not want to invest with this broker as it does not offer protection and safety to their funds.
Traders is said to offer trading tools and educational resources such as an economic calendar, Forex margin calculator, real-time chart, etc. for new as well as experienced investors. However, the limited trading tools and resources restrict the investors to explore more opportunities while trading. The account types offered by Traderia are Classic (minimum deposit amount $1000), Gold (minimum deposit amount $10,000), Platinum (minimum deposit amount $25,000), and VIP (minimum deposit amount $100,000). The deposits and withdrawals of Traderia take place via Credit/Debit cards, electronic payment, and wire transfer. The Traderia offers the Meta Trader 4 trading platform in order to make it suitable for traders of all experience levels.
Reasons for Traderia Scam-
- Unregulated broker which does not guarantee the safety of your funds.
- Operated by an offshore company.
- Minimum deposits are high as compared to other brokers operating in the market.
- Payment methods are limited which restricts the investors to transact easily.
- Limited trading instruments for the investors will limit the reach and knowledge of new and learning investors.
- Competitive and high spreads as compared to other brokers.
- Trading conditions are not clearly mentioned on the website.
Is Traderia Scam or Legit?
As Traderia’s regulation and address is not clear, it can be stated that Traderia is a scam broker. The only advantage offered by Traderia is the MT4 platform for investors. The unregulated and unlicensed nature of the broker is enough to recognize that the broker is a potential scam and it should be avoided at any cost. CONSOB has blacklisted the Traderia, which is clearly understood that one should stay away from this broker. If you have been scammed and lost your funds, check out Scam Victims Help where we guide you in the fund recovery process.
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