Do you want to trade with TradeNation.ltd broker? Carefully read TradeNation FX reviews to know all about the broker whether to trade or not.
This article promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
What is TradeNation?
TradeNation FX located at TradeNation.ltd is an offshore brokerage company with lot of promises for forex traders. The company is completely anonymous as there is no corporate address or phone number that can prove its credibility.
In addition, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. More so, it presents a zero spread difference in Buy/Sell.
Does TradeNation Have Minimum Deposit?
TradeNation FX deposit is not indicated anywhere. The lack of Terms and Conditions or Client Agreement means that scammers may have set many traps such as hidden fees and impossible-to-meet withdrawal terms.
In comparison, a licensed FX broker clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
Meanwhile, TradeNation is completely missing. It redirects us to a platform for purchasing cryptocurrencies.
TradeNation withdrawal leaves us with no specific information on withdrawal fee nor processing days on withdrawal request. The broker provides no clear description on trade requirements that must be met before a withdrawal.
The broker presents web-based trading platform. It lacks the more advanced functionality found in the most widely used trading platforms in the industry MT4 and MT5.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
As for TradeNation leverage, it can get up to 1:200. Frankly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Things You Should Know about TradeNation.ltd Regulation
First of, Tradenation.ltd is completely anonymous. Nowhere does the name of the company behind this website appear, nor does it state where it is based.
The only method of contact is a UK area code telephone number. On checking the UK’s Financial Conduct Authority (FCA) database we find that the regulator has issued a warning against Tradenation.ltd.
Further, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Tradenation Licensing and Regulation
It is not far from believing that illegitimate brokers do not have any financial regulation which means wiring your money for trading is risky. Thus, unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Tradenation FX located at Tradenation.ltd disguising to be a trustworthy trading broker, howbeit, that presentation is false. From all indications, we would advise traders to steer clear from this broker as it likely a platform run by scammers. To this end, we urge our readers to rely on regulated brokers like this or any licensed entity.
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