Tradeou.io Review – FSMA Exposed The Broker Within 6 Months

A lack of legal transparency is one of the first signs not to trust this firm. Without T&Cs, it’s hard to find any clues about some of the features, ownership details, contacts, etc.

According to the company’s presentation, they are based in the UK. But with too many look-a-like websites, we highly doubt it. To find out if you can trust this or any similar broker, read this Tradeou.io review carefully.

Legal Info: Is Tradeou.io Legit Or A Scam?

Generally, when you think of a legitimate brokerage, your first thought should be regulation. Only brokerages with top-tier licenses like FCA, BaFin, ASIC, or similar can be trusted. 

Unfortunately, this one doesn’t have any. Consequently, all the details presented on the company’s website can be highly questionable. Especially since the company has been found on a warning list of Belgian FSMA.

Who Are Tradeou.io’s Victims?

As can be seen, the company’s domain was registered in January 2024. Yet, European authorities are not waiting for anyone anymore. Scam brokers get exposed very quickly nowadays. But it’s not hard to do since traders know what to do when they get scammed. Especially ones this broker mostly targets. Those are from: 

• Netherlands
• Canada
• Belgium
• Australia

Other companies worth checking are Apex360 and FiveStarBit. But if any of these hold your money, our refund experts are available for consultation. Don’t hesitate to contact them.

Traders Reviews

Generally, it’s always good to check the company’s comments but not to rely on them too much unless those are 100% negative, like in the case of Tradeou.io reviews. 

It appears stealing from traders is not uncommon for this brokerage. So, you better keep your wallets and bank accounts protected. In case you provided them access to it, get in touch immediately for refund advice.

Leverage, Commissions, Spreads, Fees and Taxes

The key issue with Tradeou.io broker is the leverage of up to 1:300. Possibly even higher since the mentioned leverages the maximum insured trading. 

In reality, doesn’t mean much to you since you’ll get scammed anyway, especially since none of the trading-related costs are presented to traders.

Bonuses

Another suspicious feature in the registration of the Tradeou.io account is the bonus offer.  They offer nothing less but up to a 150% welcome bonus. Of course, all bonus conditions remain hidden. So, watch out for the policies if you don’t want to get stuck with them.

Tradeou.io Trading Features

Even though the company presents us with a state-of-the-art platform, it’s fairly far away from that. With literally none of the advanced trading features, you’ll leave disappointed after completing the Tradeou.io login process.

Trading Platforms Available

With only Tradeou.io WebTrader available, you can only use some of the basic trading functionalities, such as placing orders, trading history, pending orders, and a few indicators and customization features. If you are looking for social and copy trading but also EAs, start looking elsewhere.

Available Trading Assets

Most of the assets you can find with this brokerage can be found with many others. However, the key difference comes from the reliability of the market data. In any case, you can trade here:

• Forex – GBP/EUR, AUD/NZD
• Commodities – natural gas, crude oil
• Shares – Amazon, BMW
• Indices – FTSE100, NASDAQ
• Cryptos – XRP, BTC

Account Types

Another suspicious thing about this broker is the account type offer. It’s quite clear what the company’s intentions are with progressively higher deposit requirements for each account. In return, you can get faster withdrawals, higher insurance, VIP events, etc. In reality, none of that truly exists. 

Anyway, the options are: 

• Basic – $250
• Silver – $10.001
• Gold – $20.001
• Platinum – $100.001
• Diamond – Invitation only

Mobile Trading App

A huge disadvantage of this brokerage is a lack of trusted mobile apps. To be fair, apps at all. Instead, you’ll have to deal with a potentially unoptimized trading platform. But even worse, manipulated one.

Demo Account

Generally, with anonymous scam brokers, you won’t usually find demo account options. Logically, they don’t want to waste time on traders with virtual funds. Instead, they’ll relentlessly seek ways to get more from them.

Education

With the company’s so-called account managers, traders can have some kind of education. However, none of the true education programs are available with this trading firm. Surely, that’s another reason to avoid them.

Tradeou.io Withdrawal

Even though the Tradeou.io withdrawal options appear to be card transfers and Bitcoin, you’ll most likely only get crypto as the available option. 

Unfortunately, without transparent legal and withdrawal policies, processing time and fees are not disclosed for most of the accounts. Thus, if you deposit $100k, you deserve a withdrawal within 3 business days.

Customer Support

Apparently, the company’s support is available 24 hours during work days. The contact options are e-mail, web form, and a phone with a UK extension. Thus, we highly doubt the company’s support is of any use.

Key Information To Consider About Tradeou.io?

All in all, you can find discrepancies in whatever feature you look at with the Tradeou.io scam broker. Starting with legal information, contacts, platform, or trading conditions. 

With so many “X” factors, issues are inevitable. But at first glance of the problem, we recommend you apply for a refund immediately. If you need advice or assistance, book a free first consultation with our team.

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