Tradello Reviews: check if this site a scam or legit?

Is Tradello Legit or Scam?

Tradello is a scam broker with a high risk of losing your money. Here’s why you should avoid them:

• Unregulated and Anonymous: Tradello lacks transparency, with no information about their license, address, or phone number. Their base in Saint Vincent and the Grenadines (SVG) suggests a lack of regulatory oversight.
• Suspicious Reviews: Positive reviews on Trustpilot seem fabricated, with all appearing within ten days of January 2023 and no new ones since.
• Unrealistic Demo Account: They claim a demo account, but only after a real account deposit. This makes it useless for risk-free testing.
• High Leverage and Unclear Costs: Tradello offers leverage exceeding legal limits in many regions and avoids disclosing spreads or commissions.

Company Overview

Services or Products

Tradello claims to offer trading in various assets:

• Forex currency pairs
• Commodities
• Stocks
• Cryptocurrencies

However, the lack of a real demo and unclear platform details make it difficult to verify their offerings.

If you have lost money to companies like Prime Capital, or GalaxyEX; please report it to us on our Report a Scam form.

Trading Platform & Leverages

Tradello boasts a custom desktop/web/mobile platform, but details are scarce. They offer high leverage exceeding legal limits in many regions, ranging from 1:100 to a risky 1:400.

Spreads and Cost of Trading

Tradello avoids transparency regarding spreads and commissions. Without access to their platform, it’s impossible to verify these crucial costs.

License and Regulations

Tradello is not regulated by any reputable financial authority. This means they operate outside legal boundaries and lack any oversight to protect your funds.

Legal Warning Against Tradello

Tradello comes with lots of problems. However, we have not found any legal warning against this broker from any authority. But, that does not imply that this broker is legit. Problems with this broker mentioned previously indicate that this broker is surely a scam

Deposit and Withdrawal Methods

Tradello accepts deposits through:

• Credit/debit cards (MasterCard, VISA)
• Wire transfers
• Cryptocurrencies

While credit/debit cards offer some chargeback possibilities, recovering funds through wire transfers or crypto is difficult.

Tradello Pros and Cons

Why Dealing With An Unlicensed Broker Is Risky

Unlicensed brokers like Tradello pose significant risks:

• Lack of Consumer Protection: Financial authorities regulate brokers to ensure fair treatment of clients. Unlicensed brokers are not bound by these rules, increasing your chances of losing money unfairly.
• Potential for Fraud: Without regulatory oversight, unlicensed platforms can easily manipulate markets or steal your funds.
• Difficulty Recovering Funds: If you encounter problems with an unregulated broker, recovering your money is a complex and often unsuccessful process.

Client Feedback

The positive reviews on Trustpilot are likely fabricated and should be disregarded.

How Can “Reviewsadvice” Help You If You Get Scammed?

Unfortunately, “Reviewsadvice” cannot directly recover your lost funds. However, we can guide possible next steps:

• Filing Complaints: Guidance on filing against brokers who violate terms or withhold money.
• Recovery Specialists: Connecting you with services to potentially get your funds back.
• Withdrawal Issues: Assistance in filing complaints if you’re facing withdrawal problems.
• Disappearing Brokers: Help find experts to track down the broker and guide your next steps or You Can report to us today by the form below.