Independent rating of Forex broker Tradesto

About company

Forex broker Tradesto was founded in 2015. It offers intermediary services to both individual and institutional investors. In addition to this broker, there are several companies that are registered under the Tradesto brand. They are Tradesto UK Limited in the UK and Tradesto Corporation in Saint Vincent and the Grenadines. Tradesto is licensed and regulated by two supervisory organizations: the Vanuatu Financial Services Commission (VFSC) and Australian Securities and Investments Commission (ASIC). Vanuatu is an offshore tax haven where companies can get registration easily and without paying a lot of money. The VFSC imposes minimum capital requirements of just $2,000. However, the requirements of ASIC are much more serious. For example, ASIC obliges the broker to store its clients’ funds in segregated bank accounts. Moreover, the company has to ensure the security and confidentiality of investors’ information, using highly secure systems and SSL encryption protocols.

Trading conditions

• trading of currencies, metals, indices, stocks and CFDs
• 6 account types
• ECN/NDD execution
• Islamic account
• MAM account
• demo account
• popular MT4 platform
• commissions
• money withdrawal takes 0-6 working days
• no bonuses or promotions
• large selection of free training materials

Trading platform

Tradesto offers its clients MetaTrader 4 (MT 4), the most popular trading platform. It is compatible with both PC and mobile devices. The MT4 platform is a convenient trading software that provides traders with all the necessary resources and tools to analyze price dynamics in financial markets. MT4 facilitates transactions as well as the process of creating and using expert advisors, automated trading strategies. Moreover, thanks to MT4 traders have direct access to a wide array of trading signals.

Support service

The company’s clients can receive support by means of email, phone number, and live chat.

Traders’ reviews

It is difficult to find negative or positive reviews about the broker on the internet. Most opinions are neutral.  Some traders praise the company for favorable trading conditions, others complain about problems with the withdrawal of funds. There are those who are dissatisfied with the company’s support service, but highly appreciate the training materials and the opportunity to open a demo account.

Advantages:

• small minimum deposit
• high leverage
• regulated broker
• demo account
• Islamic account
• wide array of free training materials
• NDD execution
• MAM account

Disadvantages:

• small selection of trading instruments
• no bonuses or promotions
• problems with withdrawals