Tradovest Review

Is Tradovest Scam or Legit Broker?

Tradovest is not a safe broker. It is registered offshore and does not hold a proper Forex broker license. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious and might operate its services from an absolutely different location.

What is Tradovest?

Tradovest is a forex broker owned by a Seychelles-based holding company called Celestial Trading Ltd. It is an offshore broker that doesn't provide its address. Instead, it provides different contact numbers in different countries (UK, Switzerland, Germany, New Zealand, Austria, and Spain). However, the company is not authorized in any of them.

• The key requirements for the Seychelles license are a domestic company in Seychelles with a share capital of $50,000 and an operational office in Seychelles. The advantages of this license are speed and low cost. On the other hand, the license from UK’s Financial Conduct Authority costs USD 50,000 and also needs USD 100,000 of capital for the STP license aside from client deposits.

Tradovest Review Conclusion

We strongly advise opening a trading account only with brokers regulated by respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BlackBull Markets and FBS (Check FBS Broker Review).

Tradovest Update

Our research showed that the Tradovest Website is inactive. Since money safety in forex goes first we recommend avoiding any proposals from Tradovest and staying alert.