Tradu Information
Tradu is a broker established in the UK that is governed by the CySEC and the Seychelles FSA. Forex, equities, indices, commodities, and cryptocurrencies are among the many tradable assets it provides. A wide spectrum of traders can use the broker because it offers cheap fees and no minimum deposit. However, some users might find it less appealing due to the absence of demo or Islamic accounts.
Pros and Cons
Is Tradu Legit?
Under license number 392/20, awarded to Stratos Europe LTD., Tradu is governed by the Cyprus Securities and Exchange Commission (CySEC). This control guarantees adherence to EU financial policies.
The broker also holds an offshore retail forex license from the Seychelles Financial Services Authority (FSA), license number SD147, awarded to Stratos Systems Limited. Usually offering less control, offshore rules increase the dangers to traders.
Under license number 309763, issued to Stratos Trading Pty. Limited, Tradu claims control by the Australian Securities and Investment Commission (ASIC). But this license is thought to be a clone, hence traders should be careful dealing with this company.
What Can I Trade on Tradu?
Tradu offers a wide spectrum of tradable assets, which helps investors and traders to create their portfolios. Among the dozens of products available are indices, commodities, CFDs on FX, listed equities, and cryptocurrencies.
Account Types
Tradu provides one main kind of live trading account that lets users trade using many different financial instruments. On the platform, no particular reference of Islamic or Demo accounts exists.
Leverage
Tradu gives traders leverage choices ranging from 1:20, therefore enabling them to increase their trading holdings. Leverage raises possible losses even if it can raise possible returns.
Tradu Fees
Tradu's fees are competitive compared to industry standards. The broker provides zero commissions on leveraged products, and spreads vary based on the instrument traded. However, listed stocks incur a $0.01 per share fee with a $1 minimum commission per trade.
Trading Platform
Deposit and Withdrawal
Tradu does not charge any deposit or withdrawal fees. There is no set minimum deposit, making it accessible for traders of all levels.
United Kingdom
