Tradize is a Forex Broker which offers pure STP solutions with No dealing Desk Intervention to enable their investors and traders with a unique kind of trading experience which is offered by very few trading companies. It also provides the account management services and the education materials which helps in analyzing the indicators and tools. However, there are various shortfalls which does not make this broker a legitimate firm. Hence, to know better let us look into the possible benefits and drawback of this broker. Read the full Tradize review here.
Tradize was founded in 2013 by a group of Professionals and operates under St. Vincent and the Grenadines (SVG) jurisdiction. The SVG based International companies offers brokerage services that operates under local regulatory authorities, which is easy to register. Tradize is the broker which offers trading services in 40 currency pairs, equities and precious metals and offers their users with most popular and widely used trading platform Meta trader 4.
Tradize offers 3 types of accounts which are Micro, Standard and Premium. The Micro Account offers the minimum required deposit of $500 with an average spread of 1.6 pips and leverage up to 1:500. Standard Account, which offers minimum deposit of $1000 with an average spread of 1.4 pips and leverage up to 1:400 and Premium account, the minimum required deposit of $10000 with an average spread of 0.0 pips and leverage up to 1:100. The clients of this broker can choose among the variable and fixed spreads where the commission is also applicable. In some cases where Trading is done on Micro Tradable lost, the commission free accounts are also available. Trading in this platform provide the traders with all the necessary resources and tools to analyze price dynamic and financial instruments which includes Charting tools, back testing options etc. Tradize offers the option of payment to their clients by using credit/debit card, wire transfer, E-wallets and Skrill.
Apart from all the services offered by Tradize, their disadvantages include the spread on Micro account type which is above average and the ones in Standard Accounts are Ok. Also, the spreads on the Commission free accounts are too high. ECN account of Tradize require High initial deposit, adding it to one more drawback of the broker. Also, Tradize does not offers their services in USA, Japan, British Columbia, Quebec, some other parts also which make it to restrict their services in the limited region.
Is Tradize Scam or Legit?
By analyzing all the key points and taking a closure look in the services offered by Tradize, it does not seem very attractive as they do not provide variety of Trading platforms which restricts the clients to trade in a limited ground due to which some of the traders may lose interest in Trading with them. In addition to this, as claimed by Tradize, it is the subsidiary of the famous Investments Ltd. But some of the brokers claims that there is no information about that company, it is just for the sake of paper work which makes it quite doubtful regarding their regulatory status. Hence, Tradize can not be considered as a full Legit broker because of its dubious nature.