TradeVtech is an offshore Forex and CFD broker that claims ”high-end trading tools, modern strats and a growing community”. There’s a wide selection of trading instruments offered by TradeVtech which might appeal to new traders looking for opportunities to invest in the market.
TradeVtech wants traders of all level to know that they provide optimal trading conditions and respect their traders’ needs and preferences.
They’re listing down their physical address as First Floor St Vincent Bank Ltd Building, James Street, Kingstown, Saint Vincent and the Grenadines.
This TradeVtech address is quite controversial because Saint Vincent and the Grenadines is considered an ideal off-shore location for scam brokers.
Furthermore, the online broker does not say anything about their regulatory status. We’ve checked the website and found no license.
You should demand answers as to why a professional trader would want to risk their money with an unregulated broker in the first place.
Contents
TradeVtech Review
First of all, the features provided by this broker are amazing and attractive. The diverse range of trading instruments and the professional website can make a new investor fall for them.
Among the features that they advertise on their website include the following:
- High-tech trading platform
- Customizable trading tools
- Easy-to-use interface and trading actions
- Specialist assistance
- Educational materials
- Analysis and improvements
There are 4 account types offered by this forex and CFD broker. The account types have been dubbed Bronze, Gold, Platinum and Diamond. Minimum deposit is $250, leverages extends up to 1:200. TradeVtech offers 3 trading platforms for the Fx business – A station platform, web platform and a mobile platform.
Apart from this, we feel that the minimum deposits were quite affordable but could also be a trap to attract as many traders as possible. Once this happens, they can decide to increase the minimum deposit or run away with the money if that would be possible.
TradeVtech scam
TradeVtech is a scam there’s a chance they can scam traders since everything is perfectly aligned in this direction.
With anonymous company operators and lack of regulation, traders stand a chance of losing their money. It does not matter whether they offer the best Forex robot or not.
Anonymous website
This broker just came into the market the other day. They registered the domain tradevtech in January 20121 while hiding the details of the person who registered the domain.
Lack of information about this broker is one of the main reasons why we are afraid to trust them 100%. If they’re anonymous, what makes you believe they’re a reliable broker.
With no disclosure of the company or person in charge of the operations of this online broker, one cannot trust this broker with a significant amount of funds.
Safety of funds
TradeVtech is not a regulated broker. In the UK and Australia for example, brokers are required by law to operate under the observation of regulatory authorities.
One of the requirements here is that all brokers must keep the funds of their clients in a segregated account. If TradeVtech is not regulated, there’s no way they can keep your funds in a segregated account where they’re 100% safe from the firm’s operational capital.
Therefore, in short, your funds are not safe in the hands of this broker.
<<See Safe Brokers>>
Conclusion
TradeVtech is a scam broker. Putting one’s money into their bank account can prove to be a dangerous thing to do.
Having analyzed everything about this website, we feel that it is not safe to trust TradeVtech with your funds. In fact, there’s no reason an investor would prefer this broker as opposed to the regulated and well-known ones.
