Bad Brokers

TradeFred Review

ALERT! Effective March 10th 2020, This Broker is Out of Business!!!

TradeFred Forex

TradeFred was a Forex broker powered by the BetFred group and operated by MagicPath Capital Ltd.

For complaints and withdrawal problems, go here.

TradeFred Forex Review

Investors trading at TradeFred have access to the MetaTrader 4 trading platform. You will also find the Sirix Web Trader along with MT4 trading apps for Android & iOS. Leverage rates are up to the new standard of 50:1. They offer a wide variety of assets for CFD trading including; 50 Forex pairs / Commodities (platinum, gold, silver and oil), Agriculture (Coffee, Sugar, Corn) Market Indices and more.

TradeFred started out catering to investors in certain regions of the world, and their website is available in the following languages; English, Arabic and Russian. Minimum deposit for a basic trading account is $250. VIP traders looking for a no swap account, the minimum deposit requirement is $10,000. You can open a free demo account at TradeFred to test out their trading software.

TradeFred Sirix Web Trading Platform

TradeFred License

When reviewing a new Forex broker to see if they are a legitimate broker or a scam, the first item we look for a valid brokerage firms license. Many countries have their own regulatory agency that issues licenses to local brokers. The most popular government regulator for brokers to get a license from is; CySEC in Cyprus and from ASIC in Australia.

  • BrightFX Capital Ltd, is licensed and regulated by CySEC in Cyprus, with licensed number: 342/17.
  • BrightAU Capital Pty Ltd, is the company name in Australia. They are a Corporate Authorised Representative (# 001258580) of Union Standard International Group Pty Ltd, which is licensed by ASIC, license number 302792.
  • TradeFred is licensed as securities dealer in Vanuatu by the VFSC, company number 17910.

TradeFred is a global broker, that is licensed in Europe, Australia and Vanuatu. Contact phone numbers are; United Kingdom: +441619600929, Australia: +61280734453, and customer support email is: [email protected]. Official website is at: https://www.tradefred.com.au/. Payments are processed by: PathMagic Capital Limited, 72-76 Cross street, Steam packet house, Manchester M24JG, United Kingdom.

There are hundreds of scam brokers online, and it is important to only trade with a competent, licensed and regulated Forex broker.

TradeFred Brokers Account Types
TradeFred Brokers Account Types

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