TradEqual Broker Review

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TradEqual Review

Tradequal was a binary options exchange that opened at the end of 2020. Tradequal is owned by Ultima Capital Limited, located at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown St. Vincent and the Grenadines. Their phone number is +44 203 769 3582 and their email address is [email protected]

TradEqual Review

The concept at TradeEqual is something that many traders have been wanting for a while, which is an exchange. Traders have always wanted the ability to write binary options, instead of buying them.

The way it works is like this; Standard returns on binary options are 85%. A trader can “write” a call (or a put) and offer a better return for the buyer. The trader who sells the call at a rate of 86% return, will profit 116% if the call expires out of the money.

There selection of trade-able assets at TradEqual is still relatively small. They have listed a total of 20 Forex pairs, commodities, stocks and market indexes. We anticipate them adding more assets as the exchange grows. The minimum deposit for an account at TradEqual is $250. The minimum trade size for buying options is $30, and the min for selling options is $40.

TradEqual License

When the Scam Broker Investigator reviews brokers and exchanges of binary options, we check to see if they are licensed by a government regulator.

TradEqual is not a licensed broker.

TradEqual

Overview

TradEqual is a New & Innovative Forex Broker
Is TradEqual a Scam or a Trusted Trading Platform?
Read 100% Full & Detailed TradEqual Review
Find Out How to Sell & Write Options – See Below!

Details

Broker TradEqual
Official Website URL www.tradequal.com
Headquarters 37 Ludgate Hill EC4M 7JN London United Kingdom
Support Number +44 20 3769 3582
Support Types Live Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit $250
Minimum Trade Amount $30
Payout 85%
Free Demo Account Open FREE Demo NOW
Deposit & Withdrawal Methods VISA, Master Card, American Express, Discover
Overall Score 7.2/10

Full Review

TradEqual is the very first broker that allows its traders to buy and sell options on their one of its kind peer to peer trading platform. What this basically means is that traders don’t have to trade against the broker. Traders become part of an open market exchange which allows them to interact with other members and share ideas. They have the option to create their own Forex and sell them within their network.

Review Verdict: TradEqual is NOT a Scam

Our team of investigations tested their trading platform, customer service support, withdrawal procedures as well as traders’ feedback. You can read our comprehensive review on TradEqual below.

Is TradEqual A Scam?

Established by a team of professional traders in 2020, TradEqual has a unique approach when it comes to trading options. The broker is owned by Ultima Capital Limited, a company that is registered by FSA in St Vincent and Grenadines. Their registration number is 22965 IBC 2020. TradEqual operates in compliance with all the rules and regulations. They are not yet licensed, but are in the process to obtain their licenses from MiFID and CySEC.

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Still being in the process to obtain a license should be a cause for some concern. This could mean there is a problem with the system. That is why we suggest that you think carefully before signing with this broker or choose a trusted and already licensed one. If you decide on the second option, you can Follow This Link and read our detailed review on a AlgoBit, an autotrading platform sponsored by the licensed OptionBit.

They will soon be obtaining their licenses to operate in EU countries as well. The website is secured by 128-bit SSL encryption which helps protect information of traders. They also have segregated accounts so their funds and traders’ funds can be kept separate. Moreover, they offer a trading experience that is unique, safe and secure. This is the reason, we approve TradEqual is a reliable and safe broker.

Review Verdict: TradEqual is NOT a Scam

Trading Platform

TradEqual’s peer to peer social trading platform allows users to create their own options and sell them. The four different markets for which options can be created include stocks, forex, commodities and indices. Their trading platform is quite similar to a typical Forex trading platform, but their services and features are different. The trading platform allows traders to write and buy options using the same account. It gives traders the opportunity to join a social trading community where they can share ideas with their peers.

The difference between TradEqual and other Forex brokers is the fact that this broker allows traders to be on both sides of the options. They can buy options from other traders or they can sell options to others. TradEqual is a true open market peer to peer exchange.

Since there is no broker in between, the prices are determined by the traders. Basically, traders are in a competition to offer the best possible price for their options. The TradEqual platform doesn’t have a conflict of interest with their traders because they are not on the other side of the transaction. They simply get a commission from the transactions that are made between the traders. On their trading platform, traders are able to get real and accurate quotations all the time.

Since traders trade against each other, the broker does not play with the market prices and change the prices to keep the odds in their favour. This makes a huge difference as it leads to higher profitability. Traders also have the option to customize the settings so they are in control of the options. They can also choose when to cancel the option before the expiry. The trading platform is available in English, Arabic, Russian and Spanish. Traders can choose from 21 different assets and the option types include High/Low.

Hey guys! I found this Forex broker TradEqual and I am very glad that I can write and sell – this is a unique feature and anyone with experience and knowledge can manage to do it!

Even if you do not have experience the customer support can give answers to your questions.

I agree with this review, TradEqual is a good choice! It’s a good choice for people like me, people who just start to learn to trade.

TradEqual Review

Review Overview

Customer Service
Asset Choice
Withdrawal
Bonus Offers
Deposit Method

Summary : You will find all of your favourite assets on this site, including indices, stocks, commodities and forex.

As a beginner, you will love this site as most of the focus is place on helping people to win their trades rather than to lose money. This is attributed to the way this site grows every time that you win, by taking 2% of your winnings. Therefore, if you are not winning, then TradEqual is unable to make any money.

You will find all of your favourite assets on this site, including indices, stocks, commodities and forex.

Beginning your Trade

Beginning your trade is possible from the moment that you make a deposit of $250 in your broker account. You can then start trading immediately with a pay out that extends to 85%. The lowest amount for each trade is currently at $30.

Once you have opened your account, it is possible for you to get $100 as a bonus. From this, you have the option of opening a free demo account, so that you are able to familiarise yourself with all the features and tools which are one the site.

TradEqual Trading Platform

Special Features

This is one broker where the trade values are always accurate as are the quotations that are given. You are in control of the entire trade, and you can choose your expiration times for a trade, as well as buy into a trade that was created by someone else.

It is possible to get the latest news on what is happening with the market directly from other traders through the chat feature. To facilitate this process, this site does not include business forecasts or trend analysis.

Are You Bob or Tim? By TradEqual Broker

Deposits and Withdrawals

The deposits and withdrawals for this site are done with major credit cards, and Skrill is also accepted.

This broker is different as traders are able to purchase their options from other traders whom they believe could be profitable, and this is possible in three currencies which are the EUR, USD or GBP. The most that they are able to deposit for this purpose is $1000. Once the trade has been made and a profit is the result, the lowest amount that can be withdrawn is $100. If you wish to clear the account so as to close it, you can withdraw a smaller amount.

Security

This broker has basic security features to keep your funds and information safe. This includes 128-bit SSL encryption and segregated accounts where the funds for all traders are placed.

This site has proven that it can be trusted, though it is still advisable to limit your trading on the site until it has been both licenced and regulated. Plans for both of these are underway, so you should be able to trade fully soon.

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    1st Place! Best Binary Broker 2020!
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    Binomo

    2nd place! Good choice!

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