Traderia Review

Is Traderia a scam or legit broker?

No, it is not safe to trade with Traderia. Traderia is owned by Pro Star Griffith Corporate Limited, which is an offshore company licensed in St. Vincent and the Grenadine.

St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Capital TradeFX, JustForex and more. You can read our detailed article about the risk of trading with brokers from St. Vincent and the Grenadines.

Traderia is a Forex and CFDs broker. The company doesn’t disclose its regulation or address details. They have only provided the phone number with a British code, which is supposed to mean the company is located in the UK. Although, in order to provide financial services in the UK the broker should get a license from its local regulator the Financial Conduct Authority (FCA). As to the Traderia, it is not regulated by the FCA or any other respectable regulator. 

Moreover, the Spanish regulator CNMV (National Securities Market Commission) has issued a warning against Traderia:

“Traderia Pro Star Griffith Corporate Limited is not authorised to provide the investment services, which include investment advice, or to provide the auxiliary services in relation to the financial instruments, including, for those purposes, foreign currency transactions.”

We advise all investors and traders to avoid Traderia and other brokers from St. Vincent and the Grenadines. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and XM.com.