Beware! Tredoux Capital is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Tredoux Capital is an unregulated broker that tries to present itself as a reputable firm. In fact however it can’t possibly be licensed as some parts of its trading conditions severely contradict the rules set in the UK, where this broker claims to be based. Because of that, we have all reasons to believe that its alleged address is fake as well.
Furthermore, if you consider trading indices, stocks or cryptocurrencies here, bear in mind that Tredoux Capital is not only totally unlawful, but it also offers some unfavorable trading conditions. You are going to face very risky leverage, mediocre software and some tricky withdrawal requirements. That’s why it would be for the best to stay away from this broker. You can find more details on Tredoux Capital in the following review.
Tredoux Capital Regulation and safety of funds
|Guaranteed Funds||Segregated Accounts||Negative balance protection|
|UK regulated brokers||£85 000||Yes||Yes|
|EU regulated brokers||€20 000||Yes||Yes|
|AU regulated brokers||No||Yes||Yes|
|US regulted brokers||Yes||Yes||No|
Tredoux Capital claims its registered address to be in London, the UK and provides a phone number and a customer support email. Apart from that however, the broker doesn’t mention anything about its purported regulation like for example the jurisdiction it’s supposed to act under or any license number that can prove its credibility.
Nonetheless, we decided to check the registers of the Financial Conduct Authority (FCA) of the UK. As a matter of fact, there was a company with the same name that is regulated, however we strongly doubt it to have anything to do with the firm we are reviewing here. First of all, some of the contact details are completely different, but that’s not the main issue. As you probably know, the UK has some of the strictest requirements when it comes to forex brokerage activities, including a everage limit of 1:30 and a prohibition of any kind of bonuses and promotions. Tredoux Capital however goes against these rules by offering extremely high leverage and a welcome bonus of 30%.
As you see, there’s no way that this broker could possibly be licensed by FCA.
Be extra careful with such shady, unauthorized firms, as they can turn out to be yet another scam luring to get your money. Not only that you won’t be able to get any client protection, but no authority would be able to help you in case you become a victim of a fraud.
Tredoux Capital Trading software
|Analytical tools||Auto trading||Custom indicators||Mobile apps|
|Tredoux Capital platform||✅||❌||❌||❌|
|cTrader||40+ indicators||✅||✅||Android and iOS|
Tredoux Capital claims to offer its own WebTrader that is “powerful”and “brilliant trading system”.
After we registered we got access to a simple web-based platform, take a look:
Not that it’s so bad, but it certainly isn’t “powerful”, what’s left for “brilliant”. As a matter of fact this software is just average – you can find some basic tools, but no automating trading is available.
We recommend looking at some reputable brokers instead – they usually provide the best platforms so far – MetaTrader 4 and MetaTrader 5.
Tredoux Capital Trading instruments
On its website Tredoux Capital claims to offer a wide range of trading instruments like Forex, Stocks, Commodities, Cryptocurrencies and Indices. Not all of them are available for every account however. Note that the first three accounts provide only forex and low cap cryptocurrencies. If you want to have access to all of the assets, you have to open a VIP account, which on the other hand has a very high minimum deposit requirement. As you see, this broker posts quite deceptive information.
Tredoux Capital Spreads and cost of trading
On the website there is no data about the spreads this broker offers.
After we opened its trading software there was a spread of 3 pips displayed for EURUSD. However we counted the spread ourselves and the result turned out to be 0.3 pips. We don’t know the reason for this contradiction nor what is the truth, however we advise you to remain vigilant. This broker has proven itself as a total sham, so it’s quite possible that it manipulates the trading software.
Apart from that, note that spreads below 2 pips are known to be more advantageous, as they come with lower trading costs. Still, a lot of the reputable brokers tend to offer even lower volumes like for example around or below 1 pip, so better stick to them.
Tredoux Capital Maximum leverage
|Tredoux Capital broker||400:1||❌||❌||❌||❌|
|UK regulated brokers||30:1||5:1||❌||10:1||10:1|
|EU regulated brokers||30:1||5:1||2:1||10:1||10:1|
|AU regulated brokers||30:1||5:1||2:1||10:1||10:1|
|US regulated brokers||50:1||❌||❌||❌||❌|
Below you can see some details about the account types this broker offers, including the minimum and maximum leverage:
The leverage for the Basic account is said to be 1:100 which is too much without a doubt. As we mentioned above, there is a leverage restriction of 1:30 in the UK exactly because of the associated risk of sudden losses.
Tredoux Capital Deposit and withdrawal methods
|Deposit time||Withdrawal time||Fee|
|Bank wire||2-14 business days||2-14 business days||$50|
|Credit card||Instant||24 hours||$25+|
|PayPal||1 hour||24 hours||$25|
|Skrill||1 hour||24 hours||$25|
|Neteller||1 hour||24 hours||$25|
|Crypto||24 hours||24 hours||Fee depends on crypto|
In its Deposit and Withdrawal Policy Tredoux Capital claims to offer several funding methods – credit cards, debit cards, Bitcoin, Ethereum and PayPal. The execution is said to be instant.
As for the withdrawal methods, the broker warns that you must use the same payment method as the one used for the deposit. Otherwise, some fees may occur.
After we registered and tried to add funds to our account, these were the options, take a look:
You can choose between Gamechangers – an online getaway for payments with credit cards and popular e-wallets, Kryptova – a cryptocurrency payment platform, or PayPound.
Tredoux Capital Minimum deposit
The minimum deposit with this broker is 250 USD, which is a rather standard amount for the sector. Still, some legitimate firms tend to offer micro accounts for even less – around 5 or 10 USD.
Tredoux Capital Withdrawal requirements
|Trading volume||Fee/Tax on withdrawal||Minimum withdrawal|
|UK regulated brokers||No||No||No|
|EU regulated brokers||No||No||No|
|AU regulated brokers||No||No||No|
|US regulated brokers||No||No||No|
In its Deposit and Withdrawal Policy, Tredoux Capital states that some additional fees will occur when it comes to every withdrawal request.
For example this broker requires 50 USD for wire transfers, as well as 25 USD for ePayments and credit cards. Note however that if you withdraw money with your credit card, an additional processing fee of 10% will occur. These amounts are certainly quite high and disadvantageous, but this is typical for scammers. Not to mention that reputable brokers don’t usually ask for any fee in order to get access to your own money!
Not only that, but another fee of 10% of the withdrawal amount will be charged if your account “has not executed more than 200 in turnover”.
The minimum withdrawal is said to be 250 USD for wire transfers and 100 USD for any other payment method. Note however that genuine brokers don’t usually require a minimum amount of withdrawal, so this is yet another red flag of fraud.
You can see all the detailed information on the screenshot below:
On top of that if you do not log into your account within six months, another fee occurs – 10% each month! Take a look:
As you see, this broker’s policy is riddled with unfavorable and tricky conditions that are against your interests.
In addition this is what the broker says about its bonuses and the trading volume required – “bonuses issued to Client by TredouxCapital.com may only be withdrawn subject to execution of a minimum trading volume of 25 times the deposit amount plus the bonus issued (“Minimum Trading Volume“)”.
This is just the way scammers act. Stay away from this shady firm as it bears all signs of deceit possible!