Tradu Forex Broker

Tradu Review SummaryFounded2003Registered Country/RegionUnited KingdomRegulationRegulated by CySEC (License 392/20); Offshore regulation by Seychelles FSA (License SD147). Claims ASIC (License 309763) but suspected clone.Market InstrumentsForex, Stocks, Indices, Commodities, CryptocurrenciesDemo Account/LeverageUp to 1:500SpreadEUR/USD: From 1.5 pips, NAS100: Tight spreads, Tesla Stock: $0.01/share, $1 minimum per tradeTrading PlatformWeb Trading Platform, Tradu AppMin DepositNo minimum deposit requiredCustomer Support- Live Web Chat- Email: infoapac@tradu.com- Phone: +60 327081326Tradu Information Tradu is a broker established in the UK that is governed by the CySEC and the Seychelles FSA. Forex, equities, indices, commodities, and cryptocurrencies are among the many tradable assets it provides. A wide spectrum of traders can use the broker because it offers cheap fees and no minimum deposit. However, some users might find it less appealing due to the absence of demo or Islamic accounts.Pros and ConsProsConsRegulated by CySECSuspected ASIC clone licenseNo deposit or withdrawal feesOffshore regulation risksWide range of tradable instrumentsLimited leverage for some productsLow trading fees and tight spreadsNo Demo or Islamic account optionsIs Tradu Legit? Under license number 392/20, awarded to Stratos Europe LTD., Tradu is governed by the Cyprus Securities and Exchange Commission (CySEC). This control guarantees adherence to EU financial policies. The broker also holds an offshore retail forex license from the Seychelles Financial Services Authority (FSA), license number SD147, awarded to Stratos Systems Limited. Usually offering less control, offshore rules increase the dangers to traders. Under license number 309763, issued to Stratos Trading Pty. Limited, Tradu claims control by the Australian Securities and Investment Commission (ASIC). But this license is thought to be a clone, hence traders should be careful dealing with this company.License AuthorityLicense TypeLicense NumberCyprus Securities and Exchange Commission (CySEC)EU Financial Regulation392/20Seychelles Financial Services Authority (FSA)Offshore Retail ForexSD147Australian Securities and Investment Commission (ASIC)Financial Market Regulation (Clone Suspected)309763What Can I Trade on Tradu? Tradu offers a wide spectrum of tradable assets, which helps investors and traders to create their portfolios. Among the dozens of products available are indices, commodities, CFDs on FX, listed equities, and cryptocurrencies.Tradable InstrumentsSupportedForex✔Stocks✔Indices✔Commodities✔Cryptocurrencies✔Account Types Tradu provides one main kind of live trading account that lets users trade using many different financial instruments. On the platform, no particular reference of Islamic or Demo accounts exists.Leverage Tradu gives traders leverage choices ranging from 1:20, therefore enabling them to increase their trading holdings. Leverage raises possible losses even if it can raise possible returns.Tradu Fees Tradu's fees are competitive compared to industry standards. The broker provides zero commissions on leveraged products, and spreads vary based on the instrument traded. However, listed stocks incur a $0.01 per share fee with a $1 minimum commission per trade.InstrumentSpreadCommissionEUR/USDFrom 1.5 pipsNone (CFD)NAS100Tight spreadNone (CFD)Crude OilTight spreadNone (CFD)Tesla Stock$0.01/share$1 minimum per tradeBitcoin (BTC)Tight spreadNone (CFD)Trading PlatformTrading PlatformSupportedAvailable DevicesSuitable for what kind of tradersWeb Trading Platform✔Desktop, Mobile BrowserTraders seeking browser-based trading without downloadsTradu App✔iOS, AndroidMobile traders seeking on-the-go trading capabilitiesDeposit and Withdrawal Tradu does not charge any deposit or withdrawal fees. There is no set minimum deposit, making it accessible for traders of all levels.Payment MethodMin. Deposit/WithdrawalFeesProcessing TimeCredit/Debit CardNo minimumFreeInstantSkrillNo minimumFreeInstantNetellerNo minimumFreeInstantBank WireNo minimumFree1-3 Business Days