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Introduction to TredoTech Review:
Due to the huge fame of the financial market, hundreds of brokerage firms have been popping up to join the industry in making billions of profits. With several regulated firms, the infiltration of scammers also occurred. These scam brokers function in the market on the sole basis of lies. They will lie about anything and everything to their customers in order to tempt them into investing their money. Once these poor victims invest money, the scammers will feed them with more lies to get them to invest more. In today’s review, we will be investigating and revealing the red flags of TredoTech. TredoTech claims to be yet another award-winning brokerage firm that is always on the top of the industry. However, all these claims came crashing down when we saw the alarming amount of red flags. If you are here with the intention of knowing whether TredoTech is a scam broker or a legitimate broker, read the full review to know more.
Address: Marshall Islands
Leverage Offered: Not Disclosed
Minimum Initial Deposit: $500
In this section, we will be discussing all the different red flags raised against TredoTech in this TredoTech.com review. Stay tuned to know more.
BASED OUT OF AN OFFSHORE ZONE
There are certain zones in the country that do not have regulatory authority to supervise the brokerage firms. Such zones are called the offshore zones and people are advised to not trade with brokers based out of those regions. However, several scam brokers lie about the address and fool the innocent victims. In our case, TredoTech is based out of the Marshall Islands. This raises the first red flag against the TredoTech scam in this TredoTech review.
LEVERAGE NOT DISCLOSED
It is one alarming situation when a scam broker offers huge leverage to tempt the customers and it is another red flag when they don’t disclose the leverage at all. Important parameters such as leverage are not disclosed, thereby raising another red flag in this TredoTech review. One must never trade with brokerage firms that offer high leverages as they might cause you to lose the trade.
HIGH MINIMUM INITIAL DEPOSIT
When regulated brokerage firms demand a minimum initial deposit, they always demand money under $10. However, the scam brokers do not stop there. Scammers demand a minimum initial deposit of $250 which is much higher than what is demanded by the regulated brokerage firms. This raises yet another red flag against the TredoTech.com scam in this TredoTech review.
Conclusion: Is TredoTech a scam broker or a legitimate broker?
To sum up, all that has been said above, we leave it upon you to decide whether TredoTech is a scam broker or a legitimate one. However, we must warn you to stay away from TredoTech as it is a potential scam and an unregulated brokerage firm. If you have been scammed by TredoTech, file a complaint with us at the instant and we will help you in fund recovery. Read Arb Capital Review here.
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