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Tradesto review

Tradesto


On-line since: 2015
Country of origin: Saint Vincent and the Grenadines
Regulation: ASIC, VFSC, FCA (Saint Vincent and the Grenadines)
Payment options: bank and electronic transfers, credit/debit cards
Minimum account size: $100
Minimum lot size: 0.01
Leverage: up to 1:500
Spreads: floating

Tradesto is a relatively new broker based in Saint Vincent and the Grenadines. The company`s website states that its founder organizations have sixty years of experience in trade, investment, technology, and finance.

The company has an office in the UK. Tradesto is regulated by the FCA (Saint Vincent and the Grenadines), VFSC (Vanuatu), and ASIC (Australia).

Trading conditions

Tradesto clients have access to 50 currency pairs, as well as several types of CFDs.

Traders can open the following account types: standard, Islamic, joint, corporate, ECN, and MAM. The leverage level is up to 1:500. Spreads are floating. At the same time, the broker charges a commission ofs about $10 per lot (or $1 for a mini-lot). To start working with Tradesto, you just need to top up your trading account with at least $100.

The company uses the popular MetaTrader4 platform for trading.

Special offers and bonuses

We did not find any information about current promotions and bonuses on the broker`s website.

Training

On the company`s website, there is a section on how to start working with the broker (How To Start?). It features a fairly detailed instruction for beginners. There are also financial news, an economic calendar, daily video reviews, as well as a FAQ section.

Besides, traders have the opportunity to try their hand at trading using a demo account. However, in order to activate it, it is necessary to specify all personal details.

Support service

Investors can contact the support service by phone or through a feedback form on the broker`s website. In the latter case, an answer is set to be provided within one working day.

The customer service is available in English, Chinese, Vietnamese, Thai, and Malay.

The broker has profiles in almost all popular social media platforms.

Deposit and withdrawal of funds

Tradesto has a section on its website which covers the ways to deposit and withdraw funds. In addition, the information on the approximate duration of operations for each of the methods is specified.

The most commonly used methods are bank transfers and credit/debit cards. Besides, traders can use e-wallets such as Neteller, FasaPay, etc.

Feedback from traders

Most traders cooperating with Tradesto complain about a limited number of deposit and withdrawal methods, as well as a small set of financial instruments.

Advantages and disadvantages

A relatively low initial deposit, a wide range of account types, a demo account, as well as the fact the broker is regulated can be seen as advantages.

The disadvantages of Tradesto include high commissions, the lack of bonuses, and rather complicated ways of contacting the support team.

Tradesto 1/10 (votes 2186)
Author of Tradesto: Kauza | Date 2022-06-17
I'm trading on Tradesto platform but recently I've found some uncertain activities, which can be harmful to me. As they cancelled my profitable order by the EA. So I can't make a profitable deal. I think that they are market maker broker so they actively trade against their customers. I have lost my MT4 platform's connection too. I tried a dozen of withdrawals via Neteller account but I've failed. Actually, TradeFxP didn't care about their customer. So I wanted to move to another broker.
0
0
Author of Tradesto: kim | Date 2022-03-13
Tradesto gives me a professional service in the market, their MT4 platform is comfortable and profitable to me. Their execution is fast, the spread is competitive, platform Integrated with many trading tools, the platform can be customized with many plugins. That's Why the Tradesto broker is the best option for me.
0
0
Author of Tradesto: Sheela Vijayan | Date 2021-07-13
WITHDRAWAL VERY SLOW! I made my request close to a month ago but every time I write to customer service, they say that they are ‘doing checks’. They even used an automated reply to my last email when I asked about a timeline for the ‘checks’. How can there be no timeline for checks to be conducted? And what ‘checks’ are these? Why are brokers releasing withdrawals faster but not Tradesto? Terrible service and even more horrible customer service. Deposits are processed very fast but withdrawal service is APPALLING!
1
0
Author of Tradesto: Shailey | Date 2021-05-20
Tradesto is not a reliable broker. They are just market players. I have seen a lot of different prices with the market. I have suffered on trading with them, as their platform has worst execution and pricing chart, where my order didn't execute on the right position. it always delayed 20 to 40 sec, so my position differed 10 to 40 pips. That's why I have lost a lot of money. Their withdrawal system also delays to my payment too. So it's clear that Tradesto is not a reliable and good broker.
0
0
Author of Tradesto: Traeial | Date 2021-02-09
Tradesto is a authentic broker’s I have been trading here since November. I tried with my paid EA on two live accounts both are on making profit regularly. On the first account, I use Scalping EA and my $ 440 account was increased with to $621 within 82 trades. Another $300 account is also increased by $ 236 just in 57 trades. I already withdraw $ 400 from my 1st account via bitcoin they send it into my account within same days. I am quite satisfied with Tradesto.
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-6
Author of Tradesto: Kaine | Date 2020-12-03
Tradesto would have been a great broker if they did not have wide spreads. Honestly, I can say that they have the smoothest platform that I tried. The order execution is fast, there are no bugs, and it can handle high volatility. But their spread is really just too high. It gets unreasonable already and I don't think it is worth investing in anymore.
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-3
Author of Tradesto: ycL | Date 2020-02-21
The website is slow af, fund in account is fast but withdrawal is very slow, each internal transfer request eg trading to wallet is slow! At first the introducer introduce me say until very good about their company, but a nightmare aft. I invest my money into what so call royal profits investment program, at first it was ok but aft that more and more ongoing loses even reach -200 one time, they don't even care about your account! I know the risk of trading, but its not like that! Recently i made a unsubscribe from that investment due to too much loses, the money are still not appear in my money wallet. It take days to appear in your wallet and weeks for you to request to ur bank! If you want invest in copy trade, go invest in other more reliable broker.
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0
Author of Tradesto: Username | Date 2019-09-30
Join from Msia CK Group, someone named Wong Yik Sheng. Saying if wanna join them must have at least USD5000. I told him I had no money, so I could only join 3000. Within a week of joining their EA, all 3000 gone. They never do stop lost, they tried to play with d money inside. At first they sold gbp, then they bought gold, but when gbp went up n gold went down, they kept opening trades. Until margin call, d account trades by themselves n there gone my hard earn money. They r using this kinda methods to scam money into their own pocket. Left a few dollars inside, d withdrawal was very slow, took more than a week even I already verified my bank account. They round down the money inside. I withdrew some dollars n 62 cents, but I got an exact round figures. Customer service rep VERY rude. They wrote email without addressing ppl.
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-5
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