Bad Brokers

Tradovest Review


Tradovest was an unlicensed CFD & Forex broker which opened in January 2017, and it seems they are now out of business. .

Tradovest was owned by Capital Force ltd, and now Celestial Trading Ltd. Their official address is at: Global Gateway 8, Rue de la Perle, Providence, Mahe, Seychelles. Phone number in Germany is: +49 32 2210 92787, and in United Kingdom: +44 203 7691058. Customer support email address is; [email protected].

See the most common complaints about Forex brokers, read this.

Tradovest Broker Review

Tradovest give investors the trading platform for CFD and Forex trading called TraderSoft. Available for trading are hundreds of underlying assets from Crypto, Forex, Stocks, Commodities and Market Indices. Standard leverage on Forex pairs like EUR/USD is 200:1, and the spread is 3 pips. Bitcoin, Litecoin, Ethereum and Ripple CFD’s are listed on the Dollar and Euro.

Investor will see that the broker offers a web based desktop trading platform, along with mobile apps. If you are looking for an MT5 broker, look here. Minimum deposit for a new trading account starts at €100.

When we tried to open an account with this broker, it said that our email address already exists. Maybe they bought a list of customers from another brokerage firm.

Trading Signals ScamWARNING! Don’t use a “get rich quick” Crypto trading robot, see why.

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Tradovest Forex Brokers Trading Platform
Tradovest Forex Brokers Trading Platform

Tradovest License & Regulation

Investors researching a new Forex broker to determine if the broker is a legitimate company, or a scam broker will always look for a license. When you see that a broker has a license and is authorized by the governments financial regulator, like ASIC in Australia or FCA in the United Kingdom you know they are legit.

Tradovest is not a licensed broker.

When choosing an online Forex broker, it is very important to verify that they are actually licensed for investors from your country of residence. Trading with a licensed broker ensures you will not have issues withdrawing your investment, read more.

Compare Forex Brokers

You can pick from hundreds of Forex brokers online, but traders usually choose one of the best brokers, listed here.

ForTrade is an FCA authorised and licensed Forex broker in England, with a variety of trading platforms, look here.

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What was your experience like investing with Tradovest? Please leave your review in the comments below.