TradeVtech is a recurring broker, that keeps opening new domain names, after getting blacklisted by various government regulators like the FCA in UK. Initially their website was at TradeVtech.com, and it has now reappeared at TradeVtech.io.
For complaints or withdrawal problems, read this.
TradeVtech Review
Our review of this broker finds that they are offering their naïve investors, a basic web-based trading platform, which may have been developed by the Finantick company.
The software is 100% web based and it has CFD (Contract for Difference) trading on a variety of Crypto Currencies including: Ripple, Bitcoin, Litecoin, Dash, Ethereum, NXT, REP, ZEC and STR. Additionally, they have listed Forex, Commodities, Metals, Indicies, and Equities for trading.
Trading conditions are not the optimal, with spreads offered on $BTCUSD as wide as $450. Four account types are shown, with the minimum deposit requirement starting at $250 for the smallest account.
We see that they are offering bonus money of 50% – 100%, but if would read their terms and conditions page you will see “Bonuses are only available for withdrawal after trading 30 times the deposited amount + the bonus value”. Bonus money is a major cause for complaints among investors that want to withdraw their funds, read why.
Is TradeVtech a Legit Broker?
No, TradeVtech is not a legit broker, since they are not licensed or regulated by the government.
The way that the Scam Broker Investigator reviews a CFD Forex or Crypto broker to determine if they are legit or a scam, is by checking for a valid brokers license. Legitimate brokers will be licensed in the United Kingdom by the FCA or in Australia by ASIC. FSMA Belgium, FCA England and FMA New Zealand have all warned investors not to invest with TradeVtech.
This broker officially owned by the offshore entity; UMedia LLC, and located at: First Floor, St Vincent Bank Ltd Building, James Street, Kingstown, Saint Vincent and the Grenadines. They list a contact phone number in Switzerland of +41225013066. The contact email address is: [email protected]. Official website is: https://www.tradevtech.io/.
Warning – Get Rich Quick Scam!
Hundreds of “Get Rich Quick” scams focused on Crypto Currency trading, are now permeating the online world. We came across this broker after we signed up for an account with CryptoSoft. We received an email from Jason Hayes, telling us to use this system to make millions in the stock market.
As you can see in the initial email we received from this broker, they are promising outsized returns which are not normal in the markets. Before you become the next victim of a scam, educate yourself how these scams operate, read more here.
Compare Regulated Brokers
Who is the best CFD broker for a new investor? Smart investors always use a broker that is licensed and regulated in their country. You can see our list of most popular brokers.
ForTrade happens to be a very popular broker, because they are regulated and licensed by ASIC in Australia and the FCA United Kingdom, see here.
They offer you an intuitive web-based trading platform. Learn more at: ForTrade.com.
If you are currently investing with TradeVtech, please share your experience with other investors in the comment section below.