Headquartered in Athens, Greece, TaoTrade is an online financial services provider that offers access to a wide variety of trading instruments across Forex, stocks, commodities, cryptocurrencies, ETFs, options, and indices via CFDs. Trades are carried out using the advanced PROfit trading platform, which is available in web and mobile versions. They provide several learning resources and trading tools, whilst there is a responsive client support team available to aid traders. The minimum deposit required to begin trading is $200.
TaoTrade Review, Pros & Cons
- User-friendly trading platforms
- Educational resources
- Multiple financial assets
- Several trading accounts
- No MetaTrader platforms
- Minimum $200 deposit
- No USA traders
In this detailed TaoTrade review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
TaoTrade is a Greece-based multi-asset brokerage firm that offers unhindered access to the global financial markets via the PROfit trading platform. With this broker, traders get to enjoy several competitive trading conditions, including multiple account types, leverage of up to 1:200, low spreads, multiple payment methods, and more.
TaoTrade is a registered brand name of VIE FINANCE A.E.P.E.Y. S.A., a company that operates under the Markets in Financial Instruments Directive (MiFID) of the European Union. VIE FINANCE A.E.P.E.Y S.A is authorized and regulated under the Hellenic Capital Market Commission (HCMC), under license no. 4/792/20.7.2017.2.
The broker offers its services to clients from different parts of the globe where the use of such services would not be contrary to local laws and regulations.
Some TaoTrade features and products mentioned within this TaoTrade review may not be available to traders from certain countries because of legal restrictions.
TaoTrade provides traders with the PROfit trading platform. Professionally designed with a friendly interface, the PROfit trading platform is suitable for both beginners and experienced traders. From daily news streamed directly to the platform and up-to-the-minute market analysis, the PROfit trading platform provides you with all the tools you need to trade on the global financial markets all round the clock.
Other essential features of the PROfit trading platform include:
- Clear design with an easy-to-use interface
- One-click trading orders
- On-time trading alerts
- Real-time quotes
- Powerful trading tools
- Easy navigation
- A set of charts and daily analysis
The PROfit trading platform is available as a WebTrader that runs directly on modern web browsers — Chrome, Safari, Firefox, and Edge — and a mobile that is compatible with Android and iOS devices.
TaoTrade Trading Tools
In addition to the trading tools built into the provided trading platform, traders benefit from some standalone trading tools, such as AutoChartist, Charts, and an Economic Calendar that shows the schedule of future market events along with their potential impacts on the financial markets.
To help try and ensure traders make informed trading decisions, Taotrade offers a plethora of learning resources on their website. These resources include market news, trading academy, glossaries, and more.
The following trading instruments are available at TaoTrade: Forex, stocks, commodities, cryptocurrencies, ETFs, options, and indices via CFDs.
TaoTrade Accounts & Fees
There are several trading account options at TaoTrade, and they include Basic, Discovery, Silver, Gold, Diamond, VIP, Prestige, Superior, and Infinity Accounts. The accounts have minimum deposits ranging from $200 to $100,000.
As broker fees can vary and change, there may be additional fees that are not listed in this TaoTrade review. It is imperative to ensure that you check and understand all of the latest information before you open a TaoTrade broker account for online trading.
TaoTrade provides traders with a customer support team that is available 24/5 and can be reached via email, telephone, and an online contact form.
TaoTrade Deposit & Withdrawal
At TaoTrade, all account deposit and withdrawal requests are processed using any of the following payment methods:
- Bank transfers
- Credit/Debit cards, such as Visa, MasterCard, and Maestro
- Online payment processors
TaoTrade Account Opening
Opening an account with TaoTrade involves a straightforward process: simply click on the Create Account tab on the homepage of the broker’s website. Fill the registration form and provide any requested documents.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
TaoTrade is an established retail broker that operates from Greece. They provide traders with the PROfit trading platform, whilst there are various educational resources, useful trading tools, and a knowledgeable customer support team to assist them. There are multiple account options to choose from. The minimum deposit is $200, and leverage of up to 1:200 is available. TaoTrade is regulated by the HCMC.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.