TradeApp Review 2019 | Is TradeApp a Scam or Legit Forex Broker?
Rating breakdown
TradeApp Overview
TradeApp is a CFD broker headquartered in Cyprus, offering 139 tradable instruments across Stocks, Forex, Commodities, Indices and Cryptocurrencies via their TickTech Trading Platform.
| # | Broker's Features | TRADEAPP Availability |
|---|---|---|
| # | Commissions | ❌ |
| # | Hedging | ❌ |
| # | PAMM | ❌ |
| # | Scalping | ❌ |
| # | Accepts US traders | ❌ |
| # | 24 hour trading | ❌ |
| # | Swaps | ❌ |
| # | Demo account | ❌ |
| # | Daily analysis | ❌ |
| # | Automated trading | ❌ |
| # | Mobile trading | ❌ |
| # | Trading by phone | ❌ |
| # | 1st deposit bonus | ❌ |
| # | Forex contests competitions | ❌ |
| # | Bonuses Promotions | ✔ |
| # | Interest charges on the balance | ❌ |
| # | Free education | ❌ |
| # | Expert advisors | ❌ |
| # | Partnership programs | ❌ |
| # | Trust management | ❌ |
| # | 24 hour support | ✔ |
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review TradeApp.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. TradeApp offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Cryptocurrency, Futures.
Tradable Products: At TradeApp, clients can trade 153 CFDs across 32 Currency pairs, 17 Commodities, 75 Stocks, 18 Indices, 7 Cryptocurrencies and 2 ETFs.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. TradeApp is STP.
Features: TradeApp offers no-fee trading along with loss protection on a user’s first five trades .
As TradeApp offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.
Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. TradeApp recommended minimum capital is $5.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. TradeApp is regulated by CySEC, FSCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Investor Protection & Regulations: TradeApp is operated by Depaho Ltd which is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority in South Africa (FSCA).
Account currencies: Next lets consider the Account currencies each broker offers. TradeApp offers EUR, USD different account currencies for each account types.
Account Openning: TradeApp offers two types of accounts called ‘Explorer’ and ‘Professional’ designed for both beginner and advanced traders across multiple CFD asset classes.
Languages Available: Next lets have a look at each broker's different Language options. TradeApp offers English, Italian.
Payment methods: Next lets have a look at each broker's payment options. TradeApp offers Credit/Debit Cards, E Merchant Payment Solutions, Neteller, Skrill, Sofort different payment methods for each account types.
Deposit and withdrawal: TradeApp offers multiple ways for individuals to fund their trading accounts such as bank wire transfer, credit card and e-wallets like Neteller, Skrill, Trustly and more.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, TradeApp makes Proprietary available to clients.
Web & Desktop Trading Platforms: TradeApp offers the ability to trade on TickTech Platform which can be used on Windows, Mac, Web, Android and iOS.
Mobile Trading Platforms: TradeApp offers browser-based mobile trading of their TickTech Platform, compatible on Android and iOS.
Trader Education
TradeApp offers a mini-Academy trading course but not many tutorials on how to use their platform.
Promotions
TradeApp does not offer any bonuses or promotions apart from users receiving five protected positions and upgrades to advanced trading features.
Support
TradeApp offers multiple support avenues by email, phone and live chat for technical and account assistance.
Recup
TradeApp is a reliable CySEC regulated broker, which offers a nice selection of trading instruments with the option to open a trading account with just 5 EUR. TradeApp presents a unique offering for both beginner and advanced CFD traders on their own proprietary TickTech Platform.
Final Thoughts
The level of functionality offered by TradeApp’s proprietary TickTech Platform is more suited to beginner traders but offers some unique benefits to advanced traders as well.
Trading Experience
The level of functionality offered by TradeApp’s proprietary TickTech Platform is more suited to beginner traders but offers some unique benefits to advanced traders as well.