TradoSpot was a Forex broker offering CFD trading, which officially opened in February of 2018. It seems they are now out of business, as their website stopped working in May 2019.
For withdrawal problems and complaints, read this.
TradoSpot Broker Review
TradoSpot gives their investors of Crypto Currency and Forex, a web-based trading platform called TraderSoft. They have available for trading, hundreds of underlying assets in: Crypto, Forex, Stocks, Commodities and Market Indices.
Standard leverage on Forex pairs like $AUDUSD is 100:1, and the spread is 2.5 pips. Crypto Currency CFD’s like; Bitcoin, Litecoin, Ethereum and Ripple are traded against the US Dollar and the Euro. Investors will quickly see that this broker offers a web based desktop trading platform, along with mobile apps. If you are looking for an MT5 broker, look here. They require a minimum deposit for a live trading account of $250.
TradoSpot License & Regulation
Warning from FCA! This broker is not authorized to operate in the United Kingdom, read more.
When Forex investors research a new broker to determine if the broker is a legitimate company, or a scam broker, they always check for a valid license. When you see that a broker has a license and you have verified it with their governments regulator, like CONSOB in Italy, only then do you know that they are legit. ASIC in Australia has issued multiple warning against using offshore brokers.
TradoSpot OÜ is registered with MTR in Estonia. Stepa Acquiring Ltd is also mentioned on their website, but they are an offshore company in the Marshall Islands.
Trading with a local regulated Forex broker, ensures you will not have issues withdrawing your profits like these people read this.
Compare Forex Brokers
You can now find hundreds of Currency Trading brokers online, however people usually invest at one of the best brokers.
Pepperstone is one of largest online brokers, and they are licensed by both the FCA and ASIC, see here. Pepperstone has the MT4, MT5 and cTrader platforms, with tight spreads on Forex & Bitcoin trading, signup here.
What was your experience like investing with TradoSpot? Please leave your review in the comments below.