Beware! TradeSafer is an offshore broker! Your investment may be at risk.


Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


TradeSafer doesn’t live up to its name in the slightest. This website does not represent a legitimate forex broker through which you can trade safely. In this review, we will show you why you should under no circumstances trust your money to TradeSafer and offer you more trustworthy alternatives.

TradeSafer Regulation and safety of funds

Guaranteed FundsSegregated AccountsNegative balance protection
UK regulated brokers£85 000YesYes
EU regulated brokers€20 000YesYes
AU regulated brokersNoYesYes
US regulted brokersYesYesNo

The most important information about a financial services provider is its regulatory status. Licensed brokers provide detailed information about which company runs them, where it is based, which jurisdictions it is authorised in and which regulatory bodies oversee its activities.

According to the information on the website this broker is operated by the company TradeSafer Ltd which is based in the United Kingdom.

For this to be true, TradeSafer must hold the relevant licenses from the Financial Conduct Authority. But there is no licensed broker with this name on the regulator’s register.

Another leading financial regulator, the Australian Securities and Exchanges Commission (ASIC), has posted a warning that this website is fraudulent.

If you want to trade on financial markets without being scammed, you can turn to some of the legitimate brokers that actually operate from established financial hubs like the UK. These brokers have to meet stringent requirements for financial stability and transparency of operations imposed by the Financial Conduct Authority (FCA). They must provide clients with negative balance protection and to participate in a guarantee fund that covers up to GBP 85,000 of a client’s investment should the broker go into insolvency. These brokers are also required to keep their clients’ money segregated from their own operating funds in separate bank accounts.

TradeSafer Trading software

Analytical toolsAuto tradingCustom indicatorsMobile apps
TradeSafer platform
MT430+ indicatorsAndroid and iOS
MT550+ indicatorsAndroid and iOS
cTrader40+ indicatorsAndroid and iOS

TradeSafer  implements basic web-based trading software. While the platform has the basic features for placing orders, customising charts and application of technical indicators, it lacks the more advanced functionality found in the most widely used trading platforms in the industry, MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

It should be noted that the presence of some kind of trading software is no guarantee that this is a genuine broker. Financial scammers often use rigged trading platforms to fool their victims that their money is actually being invested. However, this trading is entirely fictitious and the money goes directly into the scammers’ pockets.

TradeSafer Trading instruments

FP MarketsYesYesYesYesYes

Instruments from all asset classes, including cryptocurrencies, are included in the TradeSafer trading platform.

As stated, there are no guarantees that this trading is real. Furthermore, UK regulations prohibit brokers that are indeed registered in that jurisdiction from offering crypto derivatives trading to retail clients.

TradeSafer Spreads and cost of trading

TradeSaferXMFP MarketsOcta
Spread EURUSD50.61.20.9
Spread GBPUSD51.31.5x
Spread USDJPY51.31.5x

In the trading software we see an extremely high spread of about 5 pips. In the industry, even a spread of 2 pips is considered too high and disadvantageous to the trader.

TradeSafer Maximum leverage

TradeSafer 500:125:125:1125:125:1
UK regulated brokers30:15:110:110:1
EU regulated brokers30:15:12:110:110:1
AU regulated brokers30:15:12:110:110:1
US regulated brokers50:1

Further proof that TradeSafer is not a licensed broker is that it offers leverage up to 1:500.

High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders. The FCA, like EU regulators, limits leverage to 1:30 for trading in major currency pairs and even lower levels for more volatile assets.

If you are willing to take the risk of trading with high leverage and benefit from bonuses and promotions, the best option is to invest through an offshore division of an established brand.

TradeSafer Deposit and withdrawal methods

Deposit timeWithdrawal timePrice
Bank wire2-5 business days2-5 business days$25+
Crypto24 hours24 hoursFee depends on crypto

TradeSafer uses only two payment methods – cryptocurrencies and wire transfer. Both options do not allow you to request a refund.

Legitimate brokers typically offer clients a wide choice of transparent payment methods, including credit/debit cards and established e-wallets such as PayPal, Skrill or Neteller.

TradeSafer Minimum deposit

TradeSaferXMFP MarketsOcta
Minimum deposit$10000$5$100$100

The descriptions of the account types specify a minimum deposit of 10 000 USD. This is a ridiculously high amount considering that for 100 or even just 10 USD you could open an auction account with a leading global brand.

TradeSafer Withdrawal requirements

Trading volumeFee/Tax on withdrawalMinimum withdrawal
TradeSafer Bonus x40Not specifiedNot specified
UK regulated brokersNoNoNo
EU regulated brokersNoNoNo
AU regulated brokersNoNoNo
US regulated brokersNoNoNo

Like many other fake brokers, TradeSafer uses extortionate terms linked to bonuses to make withdrawals difficult or impossible. The minimum traded volume requirements specified in the Client Agreement are vague, but require turnover equal to the amount of the bonus at 35 or 40.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
US4.99/5$50 Click for a special offerWebsite

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