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Tradedu Review: Beware of the tradedu.com scam

Tradedu Review: Beware of the tradedu.com scam

Tradedu claims to have come to the trading market scene way back in the 90s. The platform also claims to be an established global broker. Surprisingly, we haven’t heard of the platform until complaints hit our help desk. The platform is on the verge of losing more clients thanks to its withdrawal issues. No trader has had the chance to withdraw funds from the platform. Here’s our clear TRADEDU REVIEW.

About Tradedu

The platform sells itself as a global trusted financial service and investment platform. We don’t know what made them think they would get away with their antics. But, first, the platform does look like a 90s website.

There’s no credible information available on the homepage regarding what to expect. The platform does an excellent job of hiding its investing and trading services. It’s not until you sign up do you realize how shoddy the platform is.

Tradedu Review Pros and Cons

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Those who have opened accounts with tradedu.com are now ruing the decision. The platform doesn’t even dare to let members in on the secret. An exit scam is what the platform is all about.

Soon, the platform will cut ties with existing members and won’t return the money invested. These are why we insist on checking out a platform before committing funds. Worse still, the platform claims to be a wealth management platform.

Such platforms are only interested in your deposits. The best way to move forward is to ignore any platform that fails to offer transparency. Yes, the platform contains sketchy investment and trading features we must expose.

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Before investing in any trading platform, it pays to do due diligence. Check out what the platform is doing and the feeling towards it by the community. If the forex community approves, you can go ahead or ignore it if it doesn’t.

Advantages and drawbacks of Tradedu

There are several cons found on the platform. But unfortunately, we cannot discuss a single positive aspect of the platform. It all starts with the interface, a dark theme platform not ideal for trading.

The second issue we spotted was the lack of information on available investing and trading. You must first open an account before getting all the facts about the services rendered. And that throws off investors after realizing the platform is only looking to take advantage.

Our tradedu.com review will help shape the true scenario of what to expect. So we dug deeper in trying to find the truth from the platform. But unfortunately, our efforts to get a response from the support team bore no fruit.

It’s becoming apparent the platform plans to steal funds. In an exit scam strategy, the platform will wait until its belly is complete before exiting the market. Worse still, no member will receive compensation when it hits the fan.

Accessible Trading Platform

Members use a custom-built trading platform that doesn’t offer much safety. Moreover, the platform fails to provide members with additional tools to improve trading. You don’t even get a chart analysis tool or robot.

The trading platform is unstable and slow at executing trades. You’re more likely to lose your investment if you trade with the platform. Worse still, the platform is not compatible with most devices. Trading on the go will be a problem.

Accounts and trading plans

You won’t get to know about the available accounts or features until you open an account and deposit funds. This is because the platform demands you deposit funds before getting any features activated on your account.

Tradedu Accounts and Tiers

We found this wanting as traders need to know the available trading features. The truth is that the platform offers two accounts, one for trading and the other for investing. Both require different deposit amounts to start.

Accounts highlights

These accounts don’t even mention the good leverage and spread. To protect traders, regulators have come up with good leverage positions. For example, no forex assets should have leverage exceeding 1:100.

Any platform offering leverage higher than that is going against set conditions. High leverage is only possible with trading instruments such as cryptocurrency. Even so, only experts can take advantage of high leverage.

Another issue we must raise concerns the acceptable minimum deposit. The platform insists the more you deposit, the higher the chances of winning. And so, the platform insists on a minimum deposit of $1,000.

That’s not fair to newbies who are learning the ropes. But, again, regulators have stepped in to protect traders from certain extremes. For example, the minimum acceptable leverage should be $250. Instead, some regulated platforms accept $10 as the minimum deposit.

Members also don’t get a demo account to test out set conditions. How will members know if the conditions are conducive? A demo account helps give traders a chance to get to know the available trading platform.

Affiliate and partnerships

There is an affiliate and introducing broker partnership available on the platform. That means the platform is looking for ways to get more members into the fray. But, of course, the pool of victims increases once this happens.

And guess what? The platform will develop an affiliate program where members can earn commissions. Please don’t fall for it, as these are mere traps set by the owner. The end game is to take advantage of your connections.

Those who you direct to buy from the platform will also become victims. Remember, the platform blocks any form of withdrawal. As a result, you, too, will lose your investment and reputation as an affiliate.

Available trading instruments

There are four classes of trading instruments available on the platform. These include commodities, forex, indices, and stocks. Entities include crude oil, gold, metals, sugar, and wheat.

Forex trading happens to be at the core of the platform’s services. The platform pairs major and minor currencies, including AUD, CAD, CHF, EUR, GBP, JPY, NZD, and USD. Leverage for all forex pairs is 1:200, above the industry-recommended 1:100.

There are a total of nine indices available on the platform. Some include FT CAC40, FT DAX30, FTDJ 30, and FT EURO50. Leverage for these indices is 1:33 with no transaction fees on each index trade.

Stock trading happens to be at the core of the platform. You get to trade over 20 stocks from leading companies. These include tech giants such as Facebook, IBM, and Intel. You can also sell Delta Air shares and US STEEL.

Trading instruments found on tradedu.com

Business proprietor

No one has come out and claimed responsibility or ownership of the platform. We have a clause listing Tradedu LLC as a company registered in St. Vincent and the Grenadines. That makes it an offshore trading platform.

Compliance, License, and Regulation Tradedu

Tradedu is not compliant with any trading regulations. The evidence to support compliance is not available on the platform. There are no documents to furnish investors with the certificates to prove to license.

Deposit and fund safety Tradedu

Your funds are far from safe from a platform that doesn’t segregate accounts. The platform holds all deposits in a single personal account. You also get a platform failing to provide insurance cover for deposits made.

Our verdict on tradedu.com

Please stay away from Tradedu as it fails to get a valid license from regulators. It also has unfair trading conditions.

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Feel free to leave a comment or email us with any queries.

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