All Share (J203) = 89 573
Rand / Dollar = 18.34
Rand / Pound = 23.76
Rand / Euro = 19.86
Gold (usd/oz) = 3 078.83
Platinum (usd/oz) = 983.13
Brent (usd/barrel) = 72.77
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

Tradealot Review South Africa – Unbiased Pros & Cons Revealed

Tradealot Review
 

According to research in South Africa Tradealot is a brokerage situated in the United Kingdom. Tradealot is a trading name of AFX Markets Ltd. Tradealot was founded in 2010 and is authorized and regulated by the Financial Conduct Authority (FCA).  Tradealot also holds an overall trust score of 6/10.

 

Tradealot at a glance

🔍 Broker's NameTradealot
📍 HeadquarteredLondon, United Kingdom
📅 Year Founded2010
⚖️ Regulating AuthoritiesFinancial Conduct Authority FCA (UK)
Cyprus Securities and Exchange Commission (CySEC)
🌐 Countries not accepted for tradeNot indicated
☪️ Islamic account (swap-free)No
📒 Demo AccountYes
🏛 Institutional AccountsYes
💼 Managed AccountsYes
📊 Maximum LeverageForex 1:30; for CFD's it is 1:20, and for metals and energy sources 1:20.
💰 Minimum Deposit$2 000
💳 Deposit OptionsWire Transfer, Credit Card, Debit Card, Moneybookers, WebMoney, cashU, Neteller, Skrill, Qiwi
💳 Withdrawal OptionsWire Transfer, Credit Card, Debit Card, Moneybookers, WebMoney, cashU, Neteller, Skrill, Qiwi
📱 OS CompatibilityWeb, Windows, IOS
📉 Platform TypesGlobal Index Trader
📈 Tradable assets offeredCryptocurrencies, Indexes
🚏 Languages supportedEnglish, Spanish, French, German, Portuguese, Russian, Chinese, Polish, Hungarian, Dutch, Czech, Slovene
☎ Customer service hours24/5
📍 Open an account👉 Click Here

 

Min Deposit

USD 2000

Regulators

FCA, CySEC

Trading Platform

Global Index Trader

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

A quick overview of our Tradealot review – 21 Key Points

  1. Tradealot at a glance
  2. Who is Tradealot
  3. Tradealot Safety and Security
  4. Tradealot Pro and cons
  5. Tradealot Leverage
  6. Tradealot Accounts
  7. Tradealot Market Instruments
  8. Tradealot Fees, Spreads, and Commission
  9. Tradealot Deposit and withdrawal
  10. Tradealot Trading Platforms
  11. How to open a Tradealot account
  12. Tradealot Customer Support
  13. Tradealot Education   
  14. Tradealot Research
  15. Tradealot Awards
  16. Tradealot vs TP Global FX vs TMS Brokers – A Comparison Table
  17. Tradealot Popularity Trends
  18. Tradealot Customer Reviews
  19. Tradealot Conclusion
  20. Tradealot Disclaimer
  21. Frequently Asked Questions

 

Who is Tradealot

 

Who is Tradealot

 

According to research in South Africa Tradealot is a broker in the United Kingdom. Tradealot is a trading name of AFX Markets Ltd, authorized and regulated by the Financial Conduct Authority (FCA). The broker was founded in 2010.

 

Who is Tradealot

 

Tradealot apparently also offers investment services that are regulated by the FCA UK and Cyprus Securities and Exchange Commission (CySEC). Tradealot operates as a Straight Through Processing (STP) broker, meaning it doesn’t profit from the losses that traders experience with them.

 

Tradealot Safety and Security

 

Tradealot Safety and Security

 

One of the best benchmarks to measure the safety of a broker like Tradealot is to establish which regulating authorities are watchdogs over its actions. Trade a lot, through AFX Markets Ltd., is regulated by the Financial Conduct Authority (FCA) in the United Kingdom while an affiliate, AFX Capital Markets Ltd, is regulated by the Cyprus Securities and Exchange Commission (CySEC).

 

The Netherlands Authority for the Financial Markets (AFM) seems to supervise Tradealot BV. Tradealot is a member of the Financial Services Compensation Scheme (FSCS).

 

Tradealot Pro and cons

 

✔️ Pros❌ Cons
Well-Regulated only cryptocuurency trading
Leverage offeredA high minimum deposit required
Global Index Platform offered
Auto Trading

 

Tradealot Leverage

 

Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.

 

Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.

 

Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.

 

Tradealot Accounts

 

Tradealot Accounts

 

Tradealot focuses on alternative investments that have no correlation with results on the stock market, and make a good return regardless of the stock market climate. Tradealot’s focus is on indexes and cryptocurrency.

 

Tradealot Market Instruments

 

Tradealot Market Instruments

 

Tradealot offers smart investing in the following: CFDs, Indices, and Cryptocurrencies.

 

Tradealot Cryptocurrencies

Bitcoin (BTC) is the digital currency with the largest market capitalization.

▶ Litecoin (LTC) is similar to Bitcoin but differs in terms of scalability

Ripple (RPL) is popular among big banks with the Ripple network a next-generation real-time gross settlement system.

Ethereum (ETH) is the second largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.

▶ Bitcoin Cash (BCH) was created by the Bitcoin hard fork in 2017 as a new version of the blockchain with different rules.

 

Tradealot Fees, Spreads, and Commission

 

Tradealot EdgeFundGlobal IndexTrader (signals service)
5% Monthly Return TargetVery low subscription costs: only € 99.95 per year
60% Annual Return Target Above average return target of 10-20% per year
5% per month gross returnsautotrading € 1,000 in your investment account.
👉 Click Here 👉 Click Here

 

Cost depends on different factors, like spread and margins, and Tradealot clients may also experience different fee structures according to their country or place of residence. The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move.

 

Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.

 

Min Deposit

USD 2000

Regulators

FCA, CySEC

Trading Platform

Global Index Trader

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Tradealot Deposit and withdrawal

 

Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done in the same ways, but sometimes differ.

 

Minimum Deposit$2000/ 36 000 ZAR
Open an account👉 Click Here

 

In the case of Tradealot, an account can be opened with $2 000 and funded in either USD, EUR or GBP. Funding methods are not clearly specified but sources indicate that it can be done via Wire Transfer, Credit Card, Debit Card, Moneybookers, WebMoney, cashU, Neteller, Skrill, and Qiwi.

 

Tradealot Trading Platforms

 

Tradealot Trading Platforms

 

The cryptocurrency trading platform provided by Tradealot to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms. Tradealot now provides the Global Index Trader for auto trading.

 

Tradealot Trading Platforms

 

A multi-asset trading platform is one that allows clients to trade various commodities and bitcoins. The decision about which platform to choose will usually depend on what a client would like to trade.

 

How to open a Tradealot account

 

Step 1 – Navigate to the Tradealot website

 

Select the option “Contact Us” to contact the broker.

 

How to open a Tradealot account step 1

 

Step 2 – Tradealot Account Registration

 

Provide your first and last name, email address, telephone number, the trading platform of inquiry, and message to the broker.

 

How to open a Tradealot account step 1

 

Check the email address provided for communication from Tradealot.

 

Tradealot Customer Support

 

Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it. In the case of Tradealot customers can reach the support team by means of phone calls, a chat option on the website, email, fax, or the visiting address below.

 

Tradealot Customer support

 

Languages supported are English, Spanish, French, German, Portuguese, Russian, Chinese, Polish, Hungarian, Dutch, Czech, and Slovene.

 

Tradealot Education   

 

Before starting to trade, potential clients of Tradealot should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading. Tradealot offers a “school” section with courses on how to work with algorithms and technical indicators and trading strategies and other matters associated with trading are explained.

 

Tradealot Education   

 

Tradealot Research

 

To be able to trade with confidence, traders should do as much as possible research on trading before commencing, but also preceding every daring deal to ensure that they don’t lose money unnecessarily and trade as profitable as possible. With Tradealot they have only access to a few research options contained in the educational section.

 

Tradealot Awards

 

Being an awarded company instills extra confidence in traders. Although Tradealot is acclaimed by customers, there is no indication of awards won on its homepage.

 

Tradealot vs TP Global FX vs TMS Brokers - A Comparison Table

🥇 Tradealot🥇 TP Global FX🥇 TMS Brokers
💳 Minimum Deposit$2000$50$15 000 Max Deposit
⤴ Maximum Leverage1:301:5001:30
💻 MetaTrader 4 PlatformNo☑ Yes☑ Yes (MT5)
⭐ Open an account👉 Click Here 👉 Click Here

 

Tradealot Popularity Trends

 

According to Google Trends, here is an overview of how frequently the search term – “Tradealot” is entered into Google’s search engine over a given period of time.

 

 

Tradealot Customer Reviews

 

Tradealot Investment Brokerage

Tradealot has advanced to investment cryptocurrency offerings, really like the auto-trading- Amanda

IG 5 Star Review

Customer service available, newsletters and address of brokerage provided – Timothy

IG 4 Star Review

Trading with Tradealot…

I have been trading with Tradealot for over a month. This is a really reliable broker. I highly recommend them as they are regulated. – Noms

IG 3 Star Review

 

Tradealot Conclusion

 

Overall, Tradealot is a legit cryptocurrency trading company and is a fully regulated and transparent broker with high operational standards, low trading fees, and superior service delivery, helping investors reach their objectives. It caters to all types of traders with different levels of experience.

 

Tradealot is a United Kingdom-based broker, and thus FCA-regulated. An investment with them should be safe, given their operation in a proper legal environment. The broker offers fair trading conditions, but the minimum deposit is quite high. In this environment, market prices are sourced by a principal execution venue and liquidity provider and as such delivered directly to traders.

 

Tradealot is a member of the Financial Services Compensation Scheme (FSCS), which means that customer deposits are fairly safe in case of bankruptcies or other defaults.

 

Min Deposit

USD 2000

Regulators

FCA, CySEC

Trading Platform

Global Index Trader

Crypto

Yes

Total Pairs

0

Islamic Account

No

Trading Fees

Low

Account Activation

24 Hours

 

Tradealot Disclaimer

 

Tradealot warns potential customers that crypto trading always carries a high risk and may not be suitable for all investors. Before deciding to trade with Tradealot, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.

 

Tradealot warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of crypto exchange and commodities are very unpredictable, hence Tradealot cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.

 

 

Frequently Asked Questions

 

 

Is Tradealot fake or a scam broker?

 

According to our research Tradealot is not a fake or scam broker as it adheres to regulation by the Financial Conduct Authority (FCA) and CySEC.

 

What is the overall rating out of 10 for Tradealot?

 

Tradealot holds an overall trust score of 6/10.

 

How many instruments can I trade with Tradealot?

 

You can trade several different instruments with Tradealot, which include: CFD’s, Indices & Cryptocurrencies

 

Which platforms are supported by Tradealot?

 

Tradealot supports the Global Index Trader platform.

 

Does Tradealot offer leverage?

 

Yes, Tradealot offers maximum leverage of up to 1:30.

5/5 - (19 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

March 6, 2023

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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