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TRADON

Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://tradon.io/

Website

Rating Index

Influence

Influence

D

Influence index NO.1

Singapore 2.47

Surpassed 100.00% brokers

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Contact

support@tradon.io
https://tradon.io/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Ingenue Consulting LLC

Company Abbreviation

TRADON

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-02-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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TRADON · Company Summary

General Information

Established in 2021, TRADON is an offshore forex broker registered in Saint Vincent and the Grenadines, offering its clients diversified trading instruments, three trading accounts to choose from, with leverage up to 1:300.

According to this brokers official website, TRADON is operated by a company named Ingenue Consulting LLC with registration number: 1360 LLC 2021. All cards transactions are professed by Ingenue Consulting LLC with registered address at First Floor, First St Vincent Bank Ltd Building, James Street Kingstown, St.Vincent and the Grenadines.

TRADON

As far as we can tell, TRADON is not governed by any regulatory authorities, thus that bit of data is settled. As a result, its regulatory status on WikiFX is classified as “No License” and it only manages a score of 1.15 out of 10 overall. Don't be oblivious to the potential danger. For more detailed customer reviews, please visit the WikiFX website.

Market Instruments

With TRADON, a total of four classes of trading assets are available, which include currency pairs, stocks and indices, as well as commodities.

Account Types

There are three trading accounts available with the TRADON platform, namely the Cent account, the Pro Trader account and the Prime account. To open a Cent account, investors need to fund at least € 250 into the account, and the Pro Trader and the Prime accounts require a minimum initial deposit of € 2,500, and € 25,000, respectively, quite high amounts.

Some basic account services shared with all three trading accounts include the following:

  • Real-time data

  • Financial market news

  • Detailed technical analysis

  • Stop-loss/take profits

  • Multi-currency for funding account

  • Fundamental package of support

Account

Different levels of welcome bonus are offered along with accounts, with the Cent account up to 20%, the Pro Trader account up to 25%, and the Prime account up to 30%.

Leverage

Trading leverage differs depending on trading accounts accordingly, ranging from 1:100 to 1:300. The maximum trading leverage up to 1:300 obviously violate most regulatory authorities restriction on leverage, 1:30 for major forex pairs in EU, Australia, 1:50 for forex trading in the US and Canada, to protect retail traders.

Spreads & Commissions

Spread and commissions are determined by trading platform. TRADON boasts a commission-free trading platform, with spreads varying among accounts. Strangely, per its account layout, account with less capital injected offers more competitive spreads, which is contradictory to most forex brokers account setting. With the Cent, investors can get minimum spread of 0.0 pips, while other two account, the Pro Trader and the Prime accounts with much higher deposit requirements, offer spreads from 1.0 pips and 1.3 pips.

Trading Platform

TRADON offers its clients a Webtrader instead of more popular and widely used MT4 or MT5 trading platform. TRADON says its trading platform include range of tools, indicators, analysis, charts to help traders make good decision.

Deposit & Withdrawal

The minimum deposit amount to invest with TRADON is € 250, and payment methods supported by this broker include the following:

  • VIS

  • MasterCard

  • Maestro

  • Wire Transfer

Deposit

However, further details on this part, including deposit and withdrawal fees, processing time, and the minimum withdrawal amount, are not disclosed.

Trading Tools

Additionally, TRADON does offers some basic trading tools to help trader, which include Analysis, Strategies, Economic Calendar, News and Events.

Customer Support

According to TRADON's website, TRADON provides the following contacting emails for various types of inquiries:

Technical Support: it@tradon.io

Leave an Appointment: support@tradon.io

E-mail: documents@tradon.io

However, some other more direct contact methods like phone call, online communication are not available.

Risk Warning

There is a considerable degree of risk involved with online trading of leveraged Forex and CFD instruments, and as a result, it may not be appropriate for all investors.

Please keep in mind that the data presented in this article is meant to serve as a guideline only.

User Reviews

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YULIK
more than one year
Right from the get-go, their so-called 'ultra-low spreads' had me hooked. But turns out, it was pure bluff. I was naive enough to shell out 250 euros to open a cent account, only to be met by appalling spreads that were nowhere near 'zero pip', but over 1 pip most of the time. If you're thinking about this broker, I'd say look elsewhere. There are better ones out there with actual good trading conditions. You know, with HFM, you can start a cent account without having to meet any minimum deposit requirement. Trust me, the trading experience there is so much better.
2024-02-07 13:44
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0
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FX1347905579
more than one year
My experience with Tradon has not been very positive. Let me tell you the reason: the account funding requirements are quite high, with a professional account requiring a staggering 2500 euros. I have also experienced sharp slippage issues while trading, and unfortunately, customer support has not been very helpful in resolving these issues. Therefore, I do not recommend this platform to other traders, especially those who are just starting out in the markets.
2023-03-21 10:22
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0
0
_素颜的姑娘-不怕雨
more than one year
Is anybody else experiencing problems withdrawing money from their account? As I have been trying for nearly a month without success? Rapidly losing faith in this so-called business!!
2023-03-09 15:10
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