CredoTrade was an offshore Forex broker that opened in November 2017. CredoTrade is owned and operated by Venture Business INC, with an address of: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands, MH 96960.
Phone number in United Kingdom is: +44 203 807 5712, and in Australia: +61 28 317 1234. Main contact email address is: [email protected], and the official website is: https://credotrade.com/.
For complaints and withdrawal problems, read this.
Credo Trade Review
The trading software that CredoTrade uses is called Sirix. It is available in a web based version, and as a mobile app for Android and Apple devices. They also offer their investors the popular standard MetaTrader4 desktop version. CredoTrade offers a variety of assets to trading including; Forex pairs, Global Market Indexes, Shares, Oil, Gold, and Silver. We did not see any Crypto Currency pairs available.
Copy Trading, Automated Trading and RoboTrading is available, but they do not show which Expert Advisor software they are using. If you are interested in automated trading, read about the popular trading systems.
Minimum deposit amount for a new trading account was not shown. This broker offers you Bonus Money, which may sound like a good idea, but it leads to many complaints by new investors who do not understand how it works, read this.
CredoTrade License
When reviewing a new Forex broker, the first thing a serious investor looks for, is a valid brokerage firms license. The reason people will only use an FCA or ASIC licensed broker, is so that in the event that the brokerage firm goes out of business, their money is protected by a government regulator.
CredoTrade is not a licensed forex broker.
The former company owners are: Dantra Business Inc, Geneva Place, Waterfront Drive PO Box 3469, Road Town, Tortola, British Virgin Islands.
There are many licensed Forex brokers who you can trade with, see below. In the United Kingdom, brokers must be licensed and authorised by FCA, and in Australia the financial regulator is ASIC.
Smart investors always try a few licensed Forex brokers, before choosing their broker.
What was your experience trading with CredoTrade? Please share your thoughts in the comments section below.