Traderia Review 2020
Traderia is a trading broker that offers a variety of assets, including forex, CFDs, and commodities for trading online via the popular and intuitive MetaTrader 4 trading platform. They also provide clients with a range of useful trading tools, as well as educational resources to better improve their trading skills and knowledge. The broker is unregulated and located offshore.
Traderia Review 2020, Pros & Cons
- MetaTrader 4 trading platform
- Multiple account options
- A selection of educational resources
- Unregulated broker
- A minimum deposit of $1,000
- Limited payment methods
- Limited trading instruments
- No USA clients
In this detailed Traderia name review, our online Traderia research team has covered some of the most important aspects for you to consider when choosing the best Traderia for your online trading needs.
Traderia is not ranked in our best forex Brokers, best stock Brokers, best CFD Brokers, best crypto Brokers, or best online Brokers categories. You can use our free Broker comparison tool to compare online Brokers including Traderia.
Traderia Review: Summary
Traderia is based in Saint Vincent and the Grenadines and offers a wide range of trading instruments across different asset classes, including forex, CFDs, and commodities for online trading. The broker provides its clients with the popular and sophisticated MetaTrader 4 trading platform, along with a range of useful trading tools and educational resources. There are multiple account options to suit each trader’s needs. The spreads are competitive and fixed, while leverage of up to 1:400 is available.
Traderia Review: Regulation
Traderia is a trading name of Pro Star Griffith Corporate Centre, Beachmont Kingstown, Saint Vincent and the Grenadines. The broker is not regulated. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
Traderia Review: Countries
Traderia allows traders from any parts of the world to open an account with them provided their countries of residence do not restrict online trading with foreign brokers. The broker cannot accept US clients.
Some Traderia features and products mentioned within this Traderia review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
Traderia Review: Trading Platforms
The broker provides traders with the highly advanced MetaTrader 4 trading platform. It is considered a gold standard among forex and CFD traders. MT4 has an intuitive and user-friendly interface, which makes it suitable for traders of all experience levels. The platform’s complete technical analysis package with over 50 built-in indicators and charting tools helps to keep you on top of market trends. You can execute trades manually or use automated trading robots (Expert Advisors). MT4’s highly customizable and advanced software allows you to create your own trading strategies using its unique MQL4 programming language. There is also the one-click functionality, which ensures that clients’ trades are executed very fast.
MetaTrader 4 also supports the VPS (Virtual Private Server) technology which simulates a standard physical server via cloud technology. The major benefit of VPS to traders is in providing continuous 24hr operation of trading terminals, preventing delay caused by connectivity problems can prove disastrous. The VPS enables traders to access their trading system from anywhere across the globe, provided there is an internet connection.
The MT4 trading platform is available as a desktop application for Windows and Mac computers, a web platform that can run directly on most modern web browsers, such as Chrome, Safari, Firefox, and Edge, without the need for any additional software, as well as a mobile app that is compatible with Android and iOS devices. The mobile app can be downloaded from the relevant app store and is beneficial for traders who wish to manage their accounts and trade on the go.
Traderia Review: Trading Tools
Traderia provides its clients with various trading tools, which are geared towards enhancing their overall trading experience. These include:
This allows clients to follow the latest economic data with the Traderia event calendar.
An economic calendar is an indispensable tool for every trader, especially day traders. You can customize the Traderia news and events calendar to your own preferences by filtering the parameters that you are most interested in.
Forex Margin Calculator
With the Margin Calculator, you can calculate exactly how much margin is required to guarantee a position that you would like to open. Doing so helps you determine whether you should reduce the lot size you are trading or adjust the leverage you are using, taking into account your account balance.
To use the tool, select your trading instrument, your trade size, leverage, and account currency, and click ‘Calculate’. The broker’s Margin Calculator will do the rest.
Trading charts are commonly used to trade in the Forex market. The charts allow investors to analyze market trends and determine the best entry and exit points for their trades. By using technical chart analysis, traders can study past and present market behavior for a given asset, and based on the analysis, come up with an educated decision on what trades to place and when.
Traderia Review: Education
The broker has a Trading Academy that contains a vast range of educational resources, including the following: video tutorials on different trading topics; a forex glossary that contains several trading terminologies and their detailed explanations; and a frequently asked questions section, which provides instant answers to some common questions that clients may have.
Traderia Review: Trading Instruments
Traderia offers clients a wide range of trading instruments across different asset classes, including forex, CFDs, and commodities for online trading. They offer all the major currency pairs and several minor and exotic pairs.
Traderia Review: Trading Accounts & Fees
Traderia offers clients a wide variety of different trading account types to choose from. They include:
This requires a minimum deposit of $1,000. It gives traders access to trade on the desktop and mobile trader. There are also video tutorials that are available to assist traders.
The minimum deposit amount required to operate this account is $10,000. It gives traders access to trade on multiple tradable assets, with competitive spreads, via the desktop and mobile platforms. Clients get access to daily briefing & research, video tutorials, and webinars & seminars.
The platinum account requires a minimum deposit of $25,000 and gives traders access to all the tradable instruments via the desktop and mobile trading platform, offering competitive spreads. Clients get access to daily briefing & research, video tutorials, webinars & seminars, general account manager, and SMS news & signals, amongst others.
With a minimum deposit requirement of $100,000, the VIP Account is no doubt designed for the more advanced traders who are willing to trade with higher amounts. It offers clients competitive speeds for trading multiple trading instruments on the desktop and mobile trader. There is a range of features and tools to help make your trading hitch-free, and they include webinars & seminars, general account manager, SMS news & signals, premium daily analysis, video tutorials, and premium customer support.
MAM (Multi-Account Manager) Account is also available; it allows fund managers to manage multiple accounts from a single account without having to create an investment fund. The performance (profits and losses) of the MAM Account is distributed among the managed accounts. The clients’ managed accounts are connected to the account manager’s main account and all trades made by the manager are reflected proportionally in the clients’ accounts. There is also the IB (Introducing Broker) Account for those who want to partner with the broker to provide the broker’s services in their local environment.
Demo accounts also available for practice purposes. They are preloaded with virtual funds so that traders can test their strategies in a risk-free environment. For beginners, demo trading is the recommended starting point.
As broker fees can vary and change, there may be additional fees that are not listed in this Traderia review. It is imperative to ensure that you check and understand all of the latest information before you open a Traderia account for online trading.
Traderia Review: Customer Service
Traderia offers a customer support team that is on hand to help traders with any assistance they may need. They can be reached via Telephone, Email, or online live chat. The online live chat is available 24/7 to assist traders.
Traderia Review: Deposit & Withdrawal
Depositing funds into your Traderia account is quick, easy, and best of all, secure. The entire process takes only a few minutes to complete, and you will be immediately notified of any issues with your deposit. The broker accepts a range of different payment methods, and they include:
- Credit/Debit Cards: The broker accepts the following credit cards: Visa, MasterCard, and Discover.
- Electronic Payment: This includes some electronic payment processors, such as Skrill.
- Wire Transfer: Traderia combines the industry’s highest level of security with an easy-to-use interface for simple and safe banking transactions. This method may take a few days to process.
Note that payments through credit card or another form of electronic payments are credited immediately once the payment has been received by Traderia’s systems. If you have deposited by wire transfer, it may take five business days before the funds are credited to your Traderia trading account.
Traderia Review: Account Opening
To open a new trading account, simply click on the ’Sign Up’ icon on the broker’s website. Next, fill in your details accurately and upload the necessary KYC documents — proof of identity and address. Once your account has been created and verified, you can fund your account to commence trading when you feel ready to do so.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.
Traderia Review: Conclusion
Traderia is an unregulated online trading broker that is based in Saint Vincent and the Grenadines and offers a wide range of trading instruments across different asset classes. The broker provides its clients with the popular and sophisticated MetaTrader 4 trading platform, along with a range of useful trading tools and educational resources. There are multiple account options to suit each trader’s needs. The spreads are competitive and fixed, while leverage of up to 1:400 is available.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.