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Tradefred Review: Scam or Legit Broker?

× Alert!
  • - Can't withdraw your funds from this fraudulent company?
  • - Have they asked you to pay excessive withdrawal fees or to deposit more funds?
  • - Or is there an excessive delay in processing your withdrawal?
  • - Are they trying to push you into depositing more money with them even without withdrawing the one you've already put in?

It's a CONFIRMED scam company, recover your stolen funds by clicking the button below, then fill out the form and you will get a FREE Mychargeback consultation today:


Click the button below, fill out the form to recover your lost funds from this scam company


Click Here To Recover Your Stolen Funds

Tradefred Review: Scam or Legit Broker?

Tradefred is a broker offering Forex and CFDs trading instruments. The platform claims that it is designed to offer a product that suits every investor’s style of trading. They offer dedicated personal account managers and a customer support system which ensures that they can achieve their business goal.

In case you’re looking for a customer friendly broker who is interested in acquiring and retaining their customers, this list has some of the best in the industry. If you are new to trading, you will need a broker aside from a Forex robot or a skill that enables you to trade like a professional. If you don’t have a Forex robot yet, go here and sign up. 

Tradefred Review

Tradefred is affiliated with the famous sports betting company, Betfred. This is licensed by CySec and offers their services on two platforms while claiming to offer negative balance protection. Since Tradefred is regulated, many traders might assume that their service is really good and reliable but that is not always the case. One of the requirements that come with these regulations is that funds of their clients must be held in segregated accounts. This ensures that the Forex broker is successfully implementing the negative balance protection as claimed on their website.

While Tradefred offers features that some traders might find convenient, this broker is not free from the usual setbacks which are common with most brokers in this industry. One of the features offered on this platform is social trading. Through this social trading feature, the broker is forming a community of traders who can share their skills and successes with other traders who have less experience in trading. However, it is important to note that social trading on this platform is anonymous because users don’t give their personal details or their trading accounts.

Advantages and Features of Leading Trading Robots

Let’s dive into the advantages and disadvantages of investing with a reliable crypto trading automated tool.

  • Easy to use

These are some of the easiest trading tools to use thanks to their engaging interface and memorable trading experience.

You don’t even have to be an experienced trader to get your hands on these wonderful trading tools.

Try SMARD today, it is a bot designed for crypto traders and investors which uses advanced algorithms to profit from market fluctuations. No programming or trading knowledge is required to start. The algorithm relies on momentum effect strategies to systematically identify market winners. Below are the key reasons why everyone loves Smard.club:    1. You get up to 5% average monthly return on your starting capital.    2. The 10% monthly service fee is charged from your profits only. They don't make money unless you do!      3. You can start with as little as $1000 in your exchange account, meaning that you just need to connect your existing exchange (or open a new one) with Smard and begin trading right away!    4. No upfront payments for the service.    5. It's a smart way of investing in your favourite crypto coins - btc/altcoins, hurdling them while at the same time growing their values through auto-trading instead of just buy and forget.   Operating through API keys, SMARD ensures secure connections without requiring fund transfers to third parties. No upfront payment or card linking is needed. Try Smard today and see the real potential of your crypto portfolio, no upfront fees to pay!

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  • Dependable and Trusted

Traders want a dependable and trusted tool that will meet the promise of making reasonable ROI for investors.

You get a chance to use institutional-grade trading tools that will improve your trading skills as well as overall performance.

  • Semi Automation

Bots give data that allows traders to make informed decisions on whether to act on these prices or market data provided. And this makes semi-automation another key option traders have. Semi automation is best for the more experienced trader.

  • Complex and Sophisticated trading

Robots give traders a chance to place trade on more complex and sophisticated trades that otherwise would be a problem for manual traders. Complex trading also ensures traders get a lion’s share of the profit margins.

  • Improved order entry

These robots ensure there’s improved order entry and help execute trades promptly. Orders get generated as soon as the platform offers traders the best in terms of authenticity and reward. All you have to do is get authentic bots for your trading needs.

  • Anyone can use robots

No matter the class of trader, anyone can use these trades and hence offer the best in terms of authenticity. These are bots with an easy to use interface and standard educational materials and tutorials.

  • Easy to Manage

Most of the tools are easy to manage in that they do offer reasonable monthly or yearly charges for update.

Most of these cryptocurrency trading tools will offer some of the very best when it comes to free subscriptions and trials.

Based on this feature alone, Tradefred believes that it is the best trading platform for both novice and experienced traders. It offers a chance to join a community of like minded traders and also the chance to learn from the best. The question is this, if these traders are anonymous, how can we effectively engage them? That is the question that many of you might be asking at this point in time.

Trading platform

A web based platform is offered in addition to the usual MT4 platform. MT4 is highly favored and for some traders, they can’t do without it. The main advantage of this platform is that it is so versatile that it supports a vast array of trading indicators and expert advsors including custom ones. The options are unlimited. As for their web based trading platform, we discovered that this was something that looked like Sirix web. It is equipped with social stream feature which agrees very well with the social trading feature which the broker has put in place.

Tradefred

Leverage

Leverage offered by this broker is up to 1:50. This is quite low considering that most brokers are now offering up to 1:500. But you must also understand that trading with high leverage carries a certain risk with it. This is why US regulators decided to set a limit on the maximum amount of leverage that traders can access with their brokers. According to them, the maximum should be 1:50.

Minimum deposit

To open an account with Tradefred and actually start trading, the broker requires a minimum investment of $100. This is considered an average that most brokers will ask you to open an account with. However, there are some brokers who have lowered this limit and can accept $50 or less. Under funding your account is not a good thing though because it is one of the reasons why traders fail.

For you to survive in a dynamic Forex market place, you must have sufficient funding. Or else, just one trade will kick you out of the market just before it can head to the right direction. It is therefore never safe to under fund your trading account and trade the live market anyway.

Spreads and commission

Tradefred claims that they are offering fixed spreads for currency pairs like EURUSD. The spread for this particular pair is 3 pips. This is not a good spread by all means because most professional brokers won’t go beyond the 1.5 pips mark unless they are looking to steal from you. This is by no means a fair trading condition. Whether fixed or floating, you should look for a broker that is offering favorable spreads for trading. These can be found on this list in case you are looking for a good broker that gives you fair trading conditions while respecting your rights as a customer.

Funding methods

Tradefred offers a number of funding methods on their platform. This is for the convenient of their customers. These methods include Bank Transfer,  Credit/Debit Card, Broker to Broker transfer, WebMoney and Qiwi. However, you have to be aware of the fact that broker to broker transfers or bank transfers usually take longer. So if you don’t wish to wait a little longer, the best method to utilize is credit card payments because you are also covered by the consumer rights as stated in the policies of the credit card issuer.

Customer reviews

Is Tradefred a scam? To find out, we consulted a number of customer reviews on the same. Some customers claim that the broker does not process withdrawal requests whatsoever and we know that this is a common problem with many brokers out there especially if they are of dubious nature. They simply ignore client requests once those clients have deposited funds on their platform.

This worries us a lot concerning the conduct of Tradefred and we believe that the devil is in the details. These customers can’t be wrong and are definitely not speaking lies.

Our best advice for you

While their features seem attractive to newbies, its spreads are too wide. We feel this is a rip off. On top of that, their maximum leverage is insufficient. Please stick to these brokers if you can.

2 Replies to “Tradefred Review: Scam or Legit Broker?”

  1. × Alert!
    • - Can't withdraw your funds from this fraudulent company?
    • - Have they asked you to pay excessive withdrawal fees or to deposit more funds?
    • - Or is there an excessive delay in processing your withdrawal?
    • - Are they trying to push you into depositing more money with them even without withdrawing the one you've already put in?

    It's a CONFIRMED scam company, recover your stolen funds by clicking the button below, then fill out the form and you will get a FREE Mychargeback consultation today:


    Click the button below, fill out the form to recover your lost funds from this scam company


    Click Here To Recover Your Stolen Funds
  2. TRADEFRED DANGEROUS
    Tavsiye üzerine 5 bin dolarlık robot hesap açtım bir gün sabah hesabımın içinin boşaltıldığını gördüm hiç bir yeykiliye ulaşamıyorum hesabım kapatıldı uzak durun bu firmadan dolandırıcıdırlar

  3. This company is a Total SCAM they pray on the elderly and harass them on a nightly basis for more and more money and as soon as you tell then you want your money back all communication stops and we lost Thousands and thousands and thousands of dollars.Total SAM do not invest with them SCAM SCAM SCAM.

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