Traderia Review

Is Traderia Scam or Legit Broker?

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 Grenadines.

• St. Vincent and the Grenadines is notorious for its practically absent requirements and regulations. Due to the setup cost being low, 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.

What is Traderia?

Traderia claims to be a leading foreign exchange broker with competitive trading conditions. The broker offers accounts with high liquidity and reliable execution, Fixed, Floating & Raw spread offerings, and leverage of up to 400:1. Traderia is offering you a safe and secure place to trade the most lucrative market in the world. With all these positive sides, there is still one side that is quite questionable – the lack of proper regulation. We are going to talk more about it in this Traderia Review.

• 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) (Read about FCA-regulated broker Fortrade). 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 authorized 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.”

Traderia in India

Traderia allows Indian traders to open accounts and trade. However, Traderia has no mention of complying with any Indian regulators on its website. It is also worth mentioning that Forex trading is actually prohibited in India. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here.

Traderia in the USA

The United States is one of the countries that is not accepted by Traderia. As per U.S. law, brokers regulated by CFTC are the only brokers allowed for USA traders. So, except for Traderia, you are only permitted to trade with U.S-regulated platforms.

Deposits & Withdrawals

Traderia does require a minimum deposit but that amount does vary by funding type. The minimum deposit amounts are as follows:

• Credit card:$250/€250/£250
• Electronic payment:$250/€250/£250
• wire transfer:$500/€1000/£1000

Deposits or withdrawals can be made via credit cards and wire transfers, as well as e-wallets such as Neteller and Skrill. Withdrawals can be made to your credit card, through a wire transfer, or through selected online payment systems. For platinum and diamond account holders every withdrawal is free. Gold account members can make one withdrawal for free each month. Silver and basic account holders can make one withdrawal for free, with charges each time they withdraw from then on.

Fees:

• Credit card: 3.5%
• Debit card: 3.5%
• Wire transfers: $30, €25, £20

Trading Apps

The MetaTrader 4 web platform allows trading Forex from any browser and operating system (Windows, Mac, Linux) with no additional software. The MetaTrader 4 mobile applications allow trading on financial markets via iOS and Android-powered smartphones and tablets. 

You will certainly appreciate the functionality of the mobile trading platforms that include full support for the trading functions, and broad analytical capabilities with technical indicators and other graphical objects. Of course, all these features are available from anywhere in the world 24 hours a day.

Demo Account

You can open as many demo accounts with Trader as you wish and have the chance to become familiar with the platform (Forex Trading Platforms for Beginners) and its suite of functionality for an unlimited period of time. For beginners, demo trading is the recommended starting point. We are able to provide screen-sharing demos of how to use the software with a member of our technical team. More experienced traders might also find our demo account useful to understand our trading conditions, pricing, and the symbols we offer.

Traderia Review Conclusion

We strongly advise opening a trading account only with brokers that are regulated by respected world authorities that comply with the required set of rules and have a good reputation through the delivered timeframe of operations. Based on our revelations, it is not safe to sign in with Traderia. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and XM.com.

Traderia Updates

Recently Traderia website remains inactive and unavailable to reach, meaning the broker mutes its trading offering and does not propose account openings. However, we still advise the traders to be alert and careful, in case they receive trading proposals.