TRADESTO

About company:

Tradesto, founded in 2015, offers traders to trade over 50 currency pairs and several types of CFDs on the popular MetaTrader 4 platform.

 

Company. Fund security

According to the information posted on the broker's website, several companies are registered under the Tradesto brand: Tradesto Corporation in Saint Vincent and the Grenadines, as well as Tradesto UK Limited in England.

 

In addition, Tradesto claims to be licensed and regulated by the Vanuatu Financial Services Commission (VFSC). Vanuatu is an offshore tax destination where the registration procedure for brokers is quick and inexpensive. The minimum capital requirements are very low, even when compared to other offshore destinations such as Mauritius and Belize - only $ 2,000.

 

The broker also claims to be controlled and regulated by the authorities of Saint Vincent and the Grenadines under the registered number 22360 IBC 2014. Tradesto is also in the Australian Securities and Investments Commission (ASIC) database with the registered number of the organization 616 567 698.

 

This company keeps customer funds in segregated bank accounts. To ensure the security and confidentiality of customer funds and information, highly secure systems and SSL encryption protocols are used.

 

Trading conditions

Tradesto offers trading services for individual and institutional investors.

 

There is one basic account type available - standard, which includes ECN / NDD execution, leverage up to 1: 500 and variable spreads. A $ 10 / lot commission applies, but there is a cash back program.

 

Islamic accounts, MAM accounts, joint and corporate accounts are also available with this broker.

 

There is also a demo version among the offered accounts, however, to use it, you need to enter your personal data.

 

Minimum initial deposit

In addition to the demo account, the client can open any of the offered accounts by depositing $ 100. This is an average offer in the market, but for joint and corporate accounts, dealing centers often ask for higher amounts. Therefore, it is worth noting that this is a good trading opportunity that Tradesto provides.

 

Spreads and commissions

Tradesto claims their floating spreads start at 0.1 pips per EUR / USD. Nevertheless, a commission of $ 10 still needs to be added to this amount, and then the average trade cost will be about 1.3 pips for the same currency pair in the best scenario. However, even so, this value is considered average in the online trading industry. For mini lots, the commission is $ 1.

 

Trading platforms

Forex broker offers its clients the popular MetaTrader 4 (MT4) terminal. This platform suits the needs of almost every Forex trader. You can test your strategy, create expert content or choose from a list of existing ones, use tools for technical analysis. MT4 is available in desktop versions for PC and mobile.

 

Promotions

There is no information on the promotions on the broker's website. Apparently Tradesto does not offer any bonuses or promotions.

 

additional services

For beginners, the site has published a number of useful training materials that teach the basics of trading.

 

Those traders who are interested in partnership can send an application to the website of the Introducing Broker - White Label (WL) or Introducing Broker (IB).

 

Support service

The company has offices in London and Kingston. For communication, you can use the phone, email, live chat and feedback form.

 

Support languages supported: English, Chinese, Malay, Vietnamese, Thai.

 

Tradesto has social media profiles.

 

Ways of payment

Tradesto offers its customers the following payment methods: credit / debit card, bank transfer and e-wallets Neteller, I-Account, UnionPay, FasaPay, and Bitcoin.

 

Base currencies: USD and SGD.

 

Pros:

 

NDD version; small deposit for corporate and joint accounts; available MT4.

 

Minuses:

 

lack of bonuses and promotions.