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License: Vanuatu FSC
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Tradear

VeryGood 7.00
1 2 3 4 5 6 7 8 9 10
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Tradear Review

  • Excellent trading platform
  • Extensive array of tradeable assets
  • Safe and secure
  • Extremely high trading fees
  • Support limited to Spanish speaking traders
  • New and unestablished

Tradear is a relatively new online trading brokerage that was only recently established in 2018. The brokerage specializes in the trading of forex and CFDs on a wide range of tradeable assets across the global markets. Tradear provides traders with an all-inclusive trading solution complete with a cutting edge trading platform, educational learning center, industry leading trading tools and features, and an impressive investable products offering. Tradear is owned and operated by Capitalia Group and is based out of Vanuatu with their headquarters located at SIP Building, Rue Pasteur, Port Vila, P.O.Box 3010 Port Vila, Vanuatu. As Tradear is based in Vanuatu, they are licensed and regulated by the Vanuatu Financial Service Commission (VFSC) under license number 17935. The brokerage is primarily a Spanish speaking trading broker but does offer their services in English as well. Tradear does not cater to the international markets but rather the South American markets and primarily serves traders from Argentina, Brazil, Columbia, and Mexico. Therefore, if you are a Spanish speaking trader is Tradear the right broker for you? Find out in our extensive review where we analyze all key aspects of this broker and decide for yourself if Tradear is the right online trading brokerage for you.

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Trading Platform

Tradear features their very own proprietary web based trading platform that has been built and designed from the ground up to confidently facilitate the trading of forex and CFDs on an extensive list of tradeable products. The platform is accessible via the web browser on most desktop computers including Windows, Mac, and Linux operating systems. As well, the Tradear platform can also be downloaded for both iOS and Android mobile devices via the Apple App Store and the Google Play Store. Across all devices, the platform is optimized to confidently operate in a fast and secure manner that supports all of the platforms features. The trading platform interface is intuitively designed to accommodate the needs of both beginner and experienced traders. Traders can trade both forex and CFDs under one all-inclusive trading account and benefit from immediate real time execution, customized charts, live data feeds, and more. The entire user interface can be customized to accommodate each individual trader’s needs, and the platform features a sophisticated charting package with exclusive trading tools and graphs. All in all, traders of all types will appreciate the trading platform offered by Tradear.

Exchange Markets

Tradear does not fall short on the extent of tradeable assets offered as they provide access to more than 1000 world class financial assets across the most popular global markets including Forex, Commodities, Indices, and Stocks. See these markets overviewed below.

Forex

  • Over 70 currency pairs
  • Majors, Minors & Exotics
  • Numerous cryptocurrency pairs

Commodities

  • Oil
  • Gold
  • Silver
  • Natural Gas

Indices

  • NSDQCO
  • DJIA
  • JSE 40 SEP18
  • DAX30
  • CAC40
  • FTSE MIB

Stocks

  • Over 100 stocks to trade
  • Trade stocks from the North American, European, and Asian markets

Fees and Commission

Opening a trading account with Tradear is free of charge but traders will incur monthly account maintenance fees of $20 per month. As for trading fees, fees are incorporated into the spreads and Tradear features zero commission trading. Unfortunately, the spreads are not stated on the Tradear website, but are said to be fairly low and competitive with the industry standards. Another fee that applies to traders is a profit clearing fee, see these varied fees below.

  • $250 or less = $1.50
  • $251 – $500 = $2.00
  • $501 – $1,000 = $3.00
  • $1,001 – $2,500 = $4.00
  • $2,501 or more = $5.00

Additionally, traders will also incur withdrawal fees of 3.5% or a minimum of $30. Also, an account dormant fee will be imposed on accounts with zero trading activity after only 60 days. This fee is $50.00, and we feel it is completely unreasonable. All in all, the trading fees imposed by Tradear are extremely high and not favorable whatsoever.

Security and Fairness

The Tradear online trading brokerage appears to be safe and secure as they are licensed and regulated by the Vanuatu Financial Service Commission (VFSC) under license number 17935. However, this regulator is not the most reputable and is known to regulate some shady brokerages. However, Tradear does utilize state of the art security measures such as SSL encryption on all transmitted data and provides secure deposit and withdrawal methods. As far as fairness goes, Tradear is not very fair to their traders because of the extensive hidden fees that they have to pay.

Support

Tradear provides customer support in the Spanish language only, even though their trading platform and services are offered in both English and Spanish. Support representatives can be reached via email or telephone support with phone numbers from Argentina, Brazil, Columbia, and Mexico. Additional methods of support include an extensive FAQ page and education center where traders can learn how to trade and use the services provided by Tradear.

Conclusion

All in all, the Tradear online trading brokerage appears to be a highly reputable and competent online trading brokerage, which they very well might be, but their fees are outrageously high compared with the competition. Therefore, we feel as though Tradear is trying to scam the majority of traders who use their services. That being said, Tradear does provide an exceptional trading platform and an extensive list of tradeable instruments. However, the brokerage is not fair to their traders and therefore we advise traders to look elsewhere.

Tradear Q&A

The following are the common questions that customers inquired about Tradear.

Is Tradear regulated?

Yes, it is regulated by the Vanuatu Financial Service Commission (VFSC) under license number 17935.

Is Tradear a scam?

No, Tradear is a legit broker but they have very high fees.

Where is Tradear based?

Tradear’s headquarters are located at SIP Building, Rue Pasteur, Port Vila, P.O.Box 3010 Port Vila, Vanuatu.

Screenshot

Tradear Screenshot
Details
Tradear Reviews by Traders
Rate Broker and write a review
1 2 3 4 5 6 7 8 9 10
SteveR
139 reviews
Review date 27/08/2018
1 2 3 4 5 6 7 8 9 10
This is a great choice for beginning Spanish traders who are looking to learn the market.
This new brokerage is somewhat unproven in the marketplace.
RParker
208 reviews
Review date 27/08/2018
1 2 3 4 5 6 7 8 9 10
This is a good choice for Spanish traders who are looking for a broker with a strong range of equities to trade.
Tradear is new and unestablished, they also have higher than average trading fees.
Trading Charts
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