On February 12th 2018, ASIC has warned the public not to deal with this company!
Trade Financial is a popular Forex broker in Australia. TradeFinancial.com.au is owned by Ozifin Tech Pty Ltd., which is located at: Suite 502, 1 Queens Rd, Melbourne VIC 3004, Australia.
Customer support email address is: support@TradeFinancial.com.au, and their phone number is: +61 28 015 5390.
Scam Trading Robots
WARNING: Don’t use an automated trading robot until you read this.
Go see the popular trading software listed here.
Trade Financial Review
Investors at the broker Trade Financial will see they are offering their investors a trading platform for CFD and Forex trading called TraderSoft.
Available for trading are hundreds of underlying assets from Forex, Stocks, Commodities and Market Indices. Standard leverage on Forex pairs like EUR/USD is 400:1, and the spread is 2 pips. Right now, TradeFinancial is only offering their web based desktop trading platform, and will soon hopefully release mobile apps and MetaTrader4 soon.
Minimum deposit for their Mini trading account is $500.
Automated Trading Software
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If you heard about an automated trading software that prints money, be sure you first read about The Forex Investing Scam. Take a look at the auto-trading systems that are most popular today, see here.
Trade Financial License
Scam Broker Investigator compares and reviews online brokers to see if they are a scam or a legitimate broker. The way to check if the broker is good is by see if they have a license from the government financial regulator.
With Trade Financial, we found that they are indeed licensed and regulated by ASIC in Australia, under the corporate name AGM Markets Pty Ltd., with license number 422662.
With all legally licensed broker, the process for opening a new trading account takes a little bit of time. You must complete a questionnaire so they can determine that you are a suitable investor, and you need to verify your identity before you can make a deposit.
Compare Trade Financial
When comparing an online brokers a few things to consider are: Brokers License, Trading Platform, Spreads and Account Types.
If you are currently trading at Trade Financial brokers, please share your experience (good or bad) in the comments section below.