Tradiora Review 2024 – Trading Triumphs or Insane Pitfalls?

The first issue with this company is its anonymity. Generally, investment firms tend to present themselves in the best possible way. Usually, that’s obtained with transparency.

However,  this detailed Tradiora review will show you that not everyone thinks the same way. Hopefully, you will understand why not trust offshore brokers in just a couple of minutes.

Legal info: Is Tradiora legit or a scam?

Important to realize is that Tradiora brokerage is not revealing any relevant legal information. Primarily, there is no registration number or country of registration. The hint might be the governing law revealed in the T&Cs, which is Estonian. A country known as a hub for investment firms. Not the most reputable ones.

Another scam sign is that this company is not regulated. Neither by the Estonian regulator nor any other top-tier authority, starting with the FCA, BaFin, or ASIC. Consequently, negative balance protection and other security measures should be forgotten.

Who are Tradiora’s Victims?

One of the big issues with this firm is that they are targeting highly regulated countries. Sooner or later, they will be exposed by trusted regulators. Currently, the most targeted countries are: 

• Canada
• Switzerland
• United States

Anyway, to learn how to recognize good and bad firms, we suggest you check tips from our RCG Markets review. But bear in mind that you can contact us for refund advice if you have an issue with any broker.

Leverage, Commissions, Spreads, Fees and Taxes

Regardless of negative balance protection, a leverage of 1:600 is extremely dangerous. EU-regulated brokers can’t offer more than 1:30 to retail traders. Not without a reason.

Surprisingly, the company doesn’t have commissions. Neither do they have spread to cover their expenses. These are starting from 0.13 pips. Therefore, how do they make money?

Bonuses

One of the ways to scam customers is the welcome bonus. Bonuses are generally easy tricks to get traders into the unknown. Hopefully, some Tradiora reviews will show you that in the future. But if you check their bonus policy, you will realize how they manage to trick traders.

Tradiora Trading Features

The only potentially attractive feature of the Tradiora scam broker is automated trading. That’s practically how they attract most inexperienced traders. 

Besides, there’s nothing that could be compared to some tier-1 licensed companies. If you are still exploring your options, don’t skip our bonus tips in the FundedNext review.

Trading Platforms Available

In general, the most reliable options nowadays are cTrader and MetaTrader. Instead of these, Tradiora broker thought their proprietary platform would be more suitable.

Sadly, even their presentation doesn’t sound good. Then, you can imagine what a platform looks like. In any case, it’s a web-based one, and you can’t expect anything good from it. However, what you can expect there is manipulation of trading conditions.

Available Trading Assets

Since the company is far from legitimate, we won’t waste your time talking much about instruments. Anyway, if you somehow decide to deposit with this firm, there are plenty of options. Some of those are: 

• Forex – AUD/NZD, EUR/HKD
• Indices – ASX200, NASDAQ
• Commodities – natural gas, palladium
• Shares – Apple, Microsoft
• Cryptos – XRP, XRM

Account Types

Generally, Tradiora Forex broker has an unattractive account type offer. With a higher deposit, traders can only get slightly better spreads and insanely higher leverage. Everything else is pretty much the same. In any case, you can choose between: 

• Standard – 250 EUR
• Professional – 500 EUR
• Elite – 1.000 EUR

Mobile Trading Apps

Regardless of your mobile device preference, you won’t have a dedicated app for the Tradiora ProWave platform. All trading activities are done through the browser, which makes everything way more complicated than it should be.

Demo Account

Another big disadvantage of this brokerage is that Tradiora trading accounts don’t include a demo account feature. This way, traders could explore all the features and advanced options the company advertises.

Education

One of the best ways to maximize your results is knowledge. There’s literally nothing more efficient. Sadly, this brokerage only offers some trading fundamentals, which are quite unusable in regular trading. We suggest you find a tier-1 licensed firm for live sessions and advanced webinars.

Tradiora Withdrawal

A disturbing fact is that Tradiora withdrawals may take up to 14 business days. But if you can get it within 24 hours with a regulated firm, you know there’s something wrong here. Logically, it’s regulation. But also withdrawal transparency. Without fully disclosed fees, traders can expect all possible problems.

Firstly, there could be verification issues. A standard process to delay a withdrawal. Secondly, if a client responds to that, you can expect a bonus policy clause. This will prevent you from withdrawing for longer. Lastly, but most importantly, there’s a last hit from a broker with non-existent fees. That’s where the future is determined.

Customer Support

Another way to realize you won’t see any of the funds from this broker is their support. None of the reliable contact options are available. Instead, you can send them a question through the web form and pray for the answer.

Key Information To Consider About Tradiora

Everything about this company is suspicious. Starting with the software, trading conditions, regulations, and legal details. Since there are no reviews about this company, be the first one to start it.

Let us know more about your experience with this investment firm. But also if you need withdrawal or refund advice. Our team is at your disposal, and the first meeting is free of charge. Get in touch and book yours now.

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