Tredero Review

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Located in Mauritius, Tredero is an online trading broker that offers simple market access to buy and sell forex currency pairs, global indices, and multiple commodities, including energies, metals, and agricultural products. The broker provides you with advanced trading platforms for all of your devices and a range of tools to help you get an enhanced trading experience. I found them to have a good variety of account types to suit different trading strategies. The broker has competitive trading conditions with spreads starting from just 0.2 pips and commission from $0 – $6 per standard lot depending on the account type that you opt for. You can start trading on a live account with a minimum balance of $250 or even practice trading online using a free demo account. I think they are a decent broker for anyone looking for quick and easy market access with products and features for all types of trader available. However, there is some room for improvement. Specifically, I would like to see them add top-tier regulation to give potential clients additional peace of mind.

Summary

Tredero is a licensed and regulated forex and CFD broker that is reputed for offering a highly diverse line up of tradable asset classes with outstanding trade execution on the award-winning MT5 trading platform, which is available for desktop, web, and mobile devices. The broker provides you with a trading environment that is replete with a suite of add-ons that are designed to help improve your trading skills and performance. In addition, you have access to a comprehensive library of trading resources, helpful trading tools, and a reliable client support team. I am impressed to see that Trading Central is available to clients. This is a great tool for automated market analysis that is not available through many brokers.

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Regulation

One of the most important things for me when choosing a broker is the regulation they have, if any at all. Regulation can help give you some protection and ensure they operate in an honest manner. However, not all regulators are as stringent as others. Tredero is a trading name of Oneprime Ltd and licensed by the Financial Services Commission of Mauritius (FSC). If you would feel more comfortable using a broker that is regulated in other jurisdictions, you could take a look at Plus500 as they have multiple top-tier regulations.

Countries

Tredero does not offer contracts for differences to residents of certain jurisdictions, including Iran, the USA, and North Korea. Please use our Compare Brokers tool to find a suitable option if you live in those regions.

Platforms

Tredero provides you with the intuitive and user-friendly MetaTrader 5 (MT5) and Swift Trader platforms. I think both of these platforms would be a piece of cake to handle regardless of your trading experience. They have modern and sleek interfaces that can be fully customised according to your own preferences. They are easy to navigate, making market analysis and managing positions hassle free. You can setup the charts to be as simplistic or complicated as you want them to be. Whether you are planning to just follow the price or conduct complex market analysis using a combination of indicators, these platforms have got you covered.

MetaTrader 5 (MT5)

The broker provides you with the popular MetaTrader 5 (MT5) trading platform; it is an advanced trading platform that was developed in 2010. For millions of traders across the world, MT5 is the platform of choice. It is a multi-asset platform for trading lots of financial instruments. The platform has a complete set of advanced trading features and a wide range of fundamental and technical analysis tools. It also features the sophisticated Market Depth that gives you precise information about the market liquidity of any of the platform’s tradable assets. MT5 supports two different order accounting types: netting for exchange markets and hedging for FX trading. Also, the platform supports one-click trading and various trading styles, allowing you to trade positions according to your specific trading methods and risk management preferences.

Tredero MT5 Platform

The MetaTrader platforms have always been my favourite because of their simplicity yet powerful tools and features. The platform is available in desktop, web, and mobile versions. I like the desktop platform as it has the most functionality including automated trading. The web platform is useful for when you need to access your account from another device without actually installing any software. I also like how it is always up to date. The trading apps provide you the confidence while away from your personal computer, as you may monitor, open and close positions on the go. I often find myself checking the app to see how my trades are performing and what the latest market news is.

• Various chart types
• 21 timeframes
• Technical indicators
• Drawing objects
• Automated trading
• Price alerts
• Trading signals
• Custom tools
• Trading templates
• Marketplace
• Desktop, web & mobile

Swift Trader

In addition to the MT5 trading platform, the broker offers a proprietary trading platform that is known as the Swift Trader. It is a next-generation trading platform that puts everything right at the click of a mouse with a straightforward and very user-friendly interface designed to let you trade with the minimum of fuss. Open and close positions, set Stop Loss and Take Profit for all your trades, switch between multiple Charts and Time-frames, and more, all with a single click of your mouse. Everything inside Swift Trader is designed to work smoothly.

Tredero Swift Trader puts you in complete control of all aspects of your trading. You can arrange your asset list to show exactly what you want to see. Choose from the All Markets view, Hot Assets, Top Movers, or click one button to drill down to all the individual asset classes that they support.

Swift Trader

Swift Trader comes with multiple chart types and time frames, so you can customize your view of the markets to reflect precisely what you want to see and trade. If you’ve got a favourite basket of assets you can easily group these into your favourites, and they’ll be there as soon as you log into your Tredero account. Sometimes all it takes is an uncluttered view of the markets to focus on what you want to do.

The platform is also available in desktop, web, and mobile versions. I like the modern design of the Swift Trader mobile app. However, while comparing features, the MT5 platform definitely wins in many aspects. It is also worth keeping in mind that if you master a broker’s own platform and then decide to switch brokers down the line, you would need to learn a new platform from scratch. On the contrary, you will find many MetaTrader brokers that provide the platforms free of charge.

• No downloads or installations
• Works on all browsers
• Works on your mobile device
• Stop Loss Orders
• Take Profit Order
• One-click trading
• Advanced Order Types
• On-screen Highs & Lows
• Full Account Management
• Comprehensive Trade History
• Multiple Custom Views
• Multiple Time Frames
• Detailed Chart Views
• 24/5 Live Support

Tools

The broker offers various helpful trading tools to help you to enjoy an enhanced trading experience. These trading tools include the following: trading signals, trading calculators, VPS, an economic calendar, and more.

Virtual Private Server

A virtual private server (VPS) can run your trading platforms around the clock without you needing your computer switched on. This is great for automated trading strategies that trade 24/7 and also for those of you who may not have the best internet connection at home. The VPS service is free on VIP accounts that have a high minimum deposit ($50,000). If you are looking specifically for a broker with a free VPS, Switch Markets are another option to consider.

Trading Central

This is an excellent tool that I am happy to see the broker make available free of charge. Trading Central’s Featured Ideas area provides up to ten distinct trading ideas. Trade ideas generated by advanced algorithms and industry professionals provide you with even more information when selecting your stance on a certain issue. Top-tier algorithms monitor the markets in real-time, delivering sophisticated analysis that frees up your time to focus on the important issues. You can readily observe what a trading pattern signifies for the price of a certain instrument as you explore the numerous trade possibilities. Get a full overview of key details to assist you to make informed trading decisions about that trading idea. Examine the performance of a concept through time. It is a great piece of software to find customised trading signals.

Trading Central

Education

To help you make knowledgeable trading decisions, the broker makes available a limited selection of learning resources, such as learning articles, trading guides, video tutorials, e-books, glossaries and an FAQ. I noticed that educational resources provided by the brokers are very basic and need improvement. IronFX has lots of educational resources if you are a beginner and looking for some more support along the way.

Markets

Tredero offers the following trading assets: forex currency pairs, indices and commodities. I found this to be a quite limited portfolio. Other popular asset classes including individual stocks, cryptocurrencies, options, bonds, and ETFs are not available on the broker’s product portfolio. Whilst there may be enough if you are a forex trader and just want to trade forex along with a few other assets, those of you who want to trade stocks and other instruments may wish to consider TMGM instead as they have a much greater selection.

Accounts

This is an area that I think the broker excels. They allow you to choose from a good variety of live trading accounts to start trading or a demo account for practice purposes. There are five account tiers with different minimum deposits and trading conditions. Unfortunately, Tredero does not offer zero spread or fixed spread accounts and the minimum deposit for the top accounts is very high. In addition, Swap-free Islamic accounts aren’t offered either. PU Prime is a broker with various account types to suit the needs of many traders, including 0.0 pip spread accounts.

Mini

This could be an account to consider if you are new to trading online and want to get a feel for trading in a live environment with minimal investment. The spreads are quite high but there is no commission charged.

• $250 Min Deposit
• Account Currency USD/EUR
• Spreads from 1.2 pips
• Leverage up to 1:500
• Commission per lot $0

Basic

This account has better spreads but requires a larger deposit. I think it really does what the name says. It is quite basic and nothing that really stands out compared to what you will find from many other brokers.

• $3,000 Min Deposit
• Account Currency USD/EUR
• Spreads from 1.0 pip
• Leverage up to 1:500
• Commission per lot $0

Prime

The conditions start to get a lot better with the prime account. The spreads are lower again and there is still no commission fee. This could help you save in trading costs if you could reach the minimum deposit requirement which is quite high for what you get from this account.

• $15,000 Min Deposit
• Account Currency USD/EUR
• Spreads from 0.7 pips
• Leverage up to 1:400
• Commission per lot $0

VIP

This is more like it. I would at least be looking at this account personally. It has spreads from as low as 0.2 pips and a very reasonable commission fee. However, the minimum deposit is even greater which is slightly off-putting. You can get these conditions from many other brokers with a deposit of just $1, including Fusion Markets.

• $50,000 Min Deposit
• Account Currency USD/EUR
• Spreads from 0.2 pips
• Leverage up to 1:200
• Commission per lot $6

Infinite

This is the top account with similar conditions to the VIP but an even lower commission fee. Whilst it can compare to some of the best brokers in terms of costs, it still has a high minimum deposit which I feel will price many traders out of the market.

• $100,000 Min Deposit
• Account Currency USD/EUR
• Spreads from 0.2 pips
• Leverage up to 1:200
• Commission per lot $4

Support

All clients’ general, technical, and account-related inquiries can be sent to a knowledgeable clients support team who are polite and prompt in response. The support team can be reached 24/5 via any of the following contact channels: telephone, email, and Live Chat. Tredero does not provide 24/7 support but that is understandable as they don’t offer trading on the weekends.

Funding

The broker allows you to deposit and withdraw funds to and from your trading accounts using a good variety of the following payment methods: bank transfer, credit/debit card, and some online payment processors. Tredero does not offer crypto funding. If you are looking for a broker with crypto funding, Coinexx can be an alternative to take a look at.

Conclusion

Overall, Tredero is an online financial services provider that allows you to easily buy and sell various financial assets. They provide you with the popular MT5 trading platform, which is available in desktop, web, and mobile versions. You are provided with a basic selection of learning resources, useful trading tools including the superb Trading Central, and the services of a reliable client support team. However, I think Tredero needs improvement in certain areas such as expanding its product portfolio and lowering the minimum deposit. I would also like to see them regulated in other jurisdictions as the current regulation my deter some traders.

$250

With Tredero, you can trade from wherever, whenever on forex, commodities and indices via easily accessible platforms. They have a simple offering with some room for improvement.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

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