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Score

0123456789
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/10

TradeApp

Mauritius|5-10 years|
Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://www.tradeapp.com/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

United States 3.49

Surpassed 53.47% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+52 5585262511
info@tradeapp.com
https://www.tradeapp.com/
Henness Street, Suite 803, 8th Floor, Port Louis,Mauritius

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Warning: Low score, please stay away! 4
Previous Detection : 2024-06-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The CyprusCYSEC regulation (license number: 161/11) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The South AfricaFSCA regulation (license number: 47709) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

TradeApp · WikiFX Survey

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TradeApp · Company Summary

General Information & Regulation

TradeApp (www.tradeapp.com) is a registered EU trademark (no. 018031349) exclusively used as a brand name of Depaho Ltd, a registered Cyprus Investment Firm regulated by CySEC with license no. 161/11 and authorised by the FSCA with license no. 47709 and with an established branch in Spain with registration no. 123 under the CNMV.

Market Instruments

TradeApp offers investors a range of CFD instruments, including Forex currency pairs, commodities, indices, stocks, exchange-traded funds, and cryptocurrencies.

TradeApp Minimum Deposit

TradeApp offers five investment plans for retail clients: Starter Plan (asset level: $250-$1,000), Silver Plan (asset level: $1,000-$2,000), Gold Plan (asset level: $2,000-$5,000), Gold Plus Plan (asset level: $5,000-$1,000), Ninja Plan (asset level: $10,000+). However, the minimum deposit for starting with TradeApp is $5, which sound a good option for traders to get started.

TradeApp Leverage

In terms of tarding leverage, the maximum leverage is up to 1:30 for major currency pairs, 1:20 for gold, major indices, minor currency pairs, 1:5 for single stock trades, 1:2 for exchange traded funds and 1:2 for cryptocurrency CFDs.

Spreads & Commissions

The spread on the TradeApp platform is 4 pips for EURUSD and 4 pips for EURGBP, which is well above the industry standard. The Starter plan gets a 10% spread and SWAP discount, and the Silver plan gets a 15% spread and SWAP discount. The Gold account gets a 25% spread and SWAP discount, the Gold Plus account gets a 35% spread and SWAP discount, and the Ninja plan gets a 45% spread and SWAP discount.

TradeApp Trading Platform

TradeApp provides traders with an in-house trading software rather than the most popular MT4/MT5 trading platforms.

Deposit & Withdrawal

TradeApp supports traders to deposit and withdraw funds to and from their investment accounts via various payment methods, such as VISA, MasterCard credit/debit cards, PayPal, Skrill, Neteller, Rapid Transfer wire transfer, etc.

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TradeApp Pros & Cons

TradeApp Advantages include:

1. CySEC regulation

2. Easy product enrichment

3. 24/7 customer support

4. Different investment plans

5. Multiple deposits and withdrawal methods

TradeApp Disadvantages include:

1. High minimum initial deposit requirements

2. Non-MT4/MT5 trading platform

3. High spreads & high transaction costs

Broker Information

Company Name

Outlook Securities limted

Company Abbreviation

TradeApp

Regulatory Status

Suspicious Clone

Platform registered country and region

Mauritius

Company website
Company address
  • Henness Street, Suite 803, 8th Floor, Port Louis,Mauritius

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • info@tradeapp.com

  • support@cs.tradeapp.com

Company Summary

User Reviews

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2

Comments

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FX1460433056
more than one year
Slippage is a major problem, with orders often being executed at prices significantly different from what was requested. In addition, there are concerns about the reliability and accuracy of trading signals provided by the platform. Furthermore, the customer service to be lacking. Response times were slow, and it was difficult to get clear answers to my questions. The withdrawal process was also slow and cumbersome, with significant delays and hidden fees.
2023-03-31 18:20
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0
0
S MD
more than one year
I was attracted by their website design and low trading fees, but soon realized it was too good to be true. When I tried to withdraw my profits, there were delays and excuses, which made me concerned. Their customer service was slow to respond and unhelpful. Furthermore, I did some research and found out that they are not a licensed broker, which is a red flag for me.
2023-03-31 18:17
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0
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