Website URL: https://www.traderia.co/
Deposit Methods: Bank wire transfer, credit and debit cards
Minimum Deposit: $1.000
Free Demo Account: yes
Types of Assets: CFDs, Forex, commodities, cryptocurrencies, indices
By the looks of it, when we first visited the Traderia website, we felt it was strangely familiar to us. As we keep going, we learn that this broker company was designed in the exact same way as Golden CFD, which we talked about in the previous articles. Considering how poorly this broker company does business, we found out that another brand is following in its footsteps. Why would anyone want that?
This is the question that was burning in our minds, so we decided to dig a bit deeper and see what the story is all about. The websites for both companies seem identical to the smallest detail. They offer the same services, and it seems that the website creators did not put much effort into the whole thing. There are many key services lacking, as well as information which can sometimes range from misleading to completely inaccurate. Not to mention that there are some grammatical errors here, too, which is something that is simply unacceptable in today’s industry of any kind, don’t you agree? In this Traderia review, we will dedicate our efforts to learning as much about Traderia as possible, so you can make a smart and informed decision for your trading future based on facts.
Based on what we’ve seen during our online research, we’ve learned that Traderia does not operate under any type of licensing. This is quite strange and a red flag in our eyes, considering that it is a new broker company that is yet to establish its name on the market. So far, we only noticed how Traderia is eager to take your money by making false promises, but without successful results.
Traderia is all talk and no show, and the lack of licensing is just another example of what you should expect if you somehow still decide to trade with it. The thing about trading with unregulated names is that there are many dangerous things that could happen while you’re not watching. With an unregulated company, you can basically expect anything, and not get much in return. And if the worst happens and you get scammed, there is no one who can help you in terms of regulatory bodies that could protect your rights as an independent trader.
The trading platform at this company is nothing much to go from, considering that we found a lot of misleading information about it. Namely, the company claims that the platform is MT4, but the proof says otherwise. Namely, this platform is quite basic looking and it is actually web-based, which are two very different things. With a web-based platform, you don’t have built-in software that regulates all the processes going on, making sure that everything goes according to the industry standards. This is just another example of how unexpected and unpredictable trading with this company can be – and we don’t mean it in the best way.
Another thing we should point out is that this company offers you to download the platform on your mobile or desktop device. Only then will you be able to use it, which is quite disappointing. This, of course, implies that you can access the platform only after you’ve already signed up for an account. This should not go like this, since everyone should be able to check out the platform first before they decide on setting up an account and investing in it.
The account types selection at this company seems perfectly fine at first. There are 4 account types in total, as well as a Demo account which allows you to try out the platform and simulate the real-life experience you will have if you choose to trade with this platform. However, we have to say that the experience that this option is not suitable at all, mainly because it is not realistic. The scenarios are all the same and they basically end with you winning every time, which is something you should definitely not expect while trading in real time.
When you go through this account and still decide to sign up for a real one, there are four options to choose from. The first one is the Classic account, You can acquire it if you make a minimum deposit of $1.000 or more. This option allows you full access to the trading platform and several hundred tradeable assets, as well as some trading tools and helpful signals to get you by. Next, you can also choose the Gold account. But you should keep in mind that it comes with a much higher minimum deposit requirement of $10.000. With it, you can have access to things such as video tutorials, webinars, and much better spreads.
The Platinum account is set up to suit high rollers, especially considering the high deposit requirement of $25.000. This account will provide you with your own account manager. They will help you build a winning trading strategy and diversify your portfolio. Also, you can take advantage of premium trading signals, SMS updates and the latest news about the trading markets. Lastly, we should also mention the VIP account which is set at $100.000. The features and benefits of it are not on display. However, so we cannot tell you what you can get with it, exactly.
The main focus of the education section at Traderia is the tab marked Academy. This section looks rich and sufficient for different types of clients, at least at a first glance. It offers benefits such as the economic calendar, forex calculator. There are also different types of charts that could enable you to create a successful trading strategy. You can find some really helpful lessons and articles about Forex and trading in general. This is also useful, especially for the clients who are visiting the website for the first time.
Despite all of this, the company only offers one eBook for its clients. This is a clear sign of a lack of effort on Traderia’s part, which we are quite sad to learn. Also, we found some video lessons and tutorials. But they are not particularly easy to go through and follow. This is not a good message that the company is sending to its users. Overall, we could say that Traderia is trying hard to put up a good image. But what goes on behind the scenes is quite disappointing and not at all encouraging. They clearly don’t want to make an effort to show their clients that they are important, as well as that their personal success in trading is crucial to them.
The customer support team at this company is not so easy to reach. Namely, at a first glance, you may get confused when we say this because there is a lot of options to choose from the website. However, this is only the first impression, and they tend to be misleading. Let us explain. There is an email address that you can use to send your queries. But there is no indication about how long you will have to wait for a response. Then, you can also find the telephone number option, but it only applies to three countries. Lastly, the live chat option is lacking completely. This is quite strange if you ask us.
In all honesty, we would advise you not to try contacting customer support at all. We understand how contradictory this is, because, what if you need assistance? The customer support agents are here for that purpose, after all! However, the reality is different. You will have to wait on their reply for who knows how long – if it ever arrives at all.
Deposits and Withdrawals
The good thing about this section at Traderia is the fact that all your deposits will be processed instantly, which is a huge relief. This goes regardless of the amount you are putting into your account, and the payment option you are choosing to do so. However, withdrawals are a vastly different story, which is why there are so many complaints about this company’s practices online. Namely, if you read the fine print you will learn that these withdrawals can drag on for months at a time. This is mainly because of additional requests for documentation. The long waiting times serve so you give up completely in the end.
In addition, we see that there are only two payment methods available – bank wire transfer and credit and debit cards. The e-wallets seem to be missing completely, which makes it a bit difficult to trade digital currencies.