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Tradon.pro is a forex and CFD broker that claims to offer a wide range of trading instruments, including cryptocurrencies, commodities, indices, and stocks. The broker also claims to provide a user-friendly trading platform, competitive spreads, fast execution, and excellent customer support. But is Tradon.pro a reliable and trustworthy broker, or is it a scam that you should avoid? In this review, we will examine the features, advantages, and disadvantages of Tradon.pro, and help you decide whether it is worth investing your money with them.
Features of Tradon.pro
Tradon.pro offers four types of trading accounts: Basic, Silver, Gold, and Platinum. The minimum deposit required to open an account is $250, which is relatively high compared to other brokers. The leverage offered by Tradon.pro ranges from 1:100 to 1:400, depending on the account type and the asset traded. The spreads are variable and start from 0.1 pips for major currency pairs. Tradon.pro also charges commissions on some trades, which can increase the trading costs.
Tradon.pro provides access to over 200 trading instruments, including forex, CFDs on cryptocurrencies, commodities, indices, and stocks. The broker claims to use the MetaTrader 4 (MT4) platform, which is one of the most popular and widely used trading platforms in the industry. MT4 offers advanced charting tools, technical indicators, automated trading systems, and a user-friendly interface. However, we were not able to verify whether Tradon.pro actually offers MT4, as the broker does not provide any demo accounts or screenshots of its platform on its website.
Tradon.pro also claims to offer various educational resources, such as webinars, ebooks, videos, and articles, to help traders improve their skills and knowledge. The broker also claims to have a dedicated customer support team that is available 24/7 via phone, email, and live chat. However, we found several negative reviews from customers who complained about the poor quality of service, the lack of responsiveness, and the rude attitude of the support agents.
Advantages of Tradon.pro
- A wide range of trading instruments
- Variable spreads and leverage
- Claims to offer MT4 platform
Disadvantages of Tradon.pro
- No regulation or license
- High minimum deposit requirement
- Commissions on some trades
- No demo accounts or platform screenshots
- Negative customer feedback
Is Tradon.pro a scam or legit?
The most important factor to consider when choosing a broker is whether it is regulated or not. Regulation ensures that the broker follows certain rules and standards to protect the interests and funds of its clients. Regulated brokers are also subject to regular audits and oversight by reputable authorities, such as the Financial Conduct Authority (FCA) in the UK, or the Cyprus Securities and Exchange Commission (CySEC) in Cyprus.
Tradon.pro does not have any regulation or license from any authority. The broker does not disclose any information about its location, ownership, or legal status on its website. The only contact details provided are a phone number and an email address. This raises serious doubts about the credibility and legitimacy of Tradon.pro. Moreover, we found several warnings from various regulators against Tradon.pro, such as the FCA in the UK , the Australian Securities and Investments Commission (ASIC) in Australia , and the Financial Services Authority (FSA) in Seychelles . These warnings indicate that Tradon.pro is operating illegally and without authorization in these jurisdictions.
Therefore, we conclude that Tradon.pro is a scam broker that you should avoid at all costs. The broker does not have any regulation or license, which means that it can manipulate prices, withhold withdrawals, or disappear with your money at any time. The broker also has a very bad reputation among customers who have reported various issues and problems with its service. There are many other reliable and trustworthy brokers in the market that offer better trading conditions and security for your funds. We advise you to do your research before choosing a broker and to avoid Tradon.pro at all costs.
What to Do If You’ve Lost Money with Tradon.pro?
If you have been scammed by Tradon.pro or any other broker, you’ll want to seek assistance from brokercomplaintregistry.com immediately. Our experts will consult with you and bolster your claim to help you get your money back. Brokercomplaintregistry.com is a leader in recovering your funds and will help you retrieve your funds from a broker scam.