TradoCenter Does It Work or Scam? Review and Opinions [2024]

How does TradoCenter work? Is it reliable and worth your investment?

In this review, we’ll answer these questions and many more about TradoCenter, a trading platform quickly gaining popularity among traders in Italy and Europe.

On TradoCenter’s homepage, you’ll immediately find an overview of the broker’s features, including the presentation of its mobile trading app—especially useful for those often away from a desktop—and key security aspects of the platform:

• Licensing and Regulation
• SSL-encrypted website
• GDPR compliance for personal data protection

We’ll start this review by focusing on security, as it’s a top concern for traders to avoid falling into the hands of a fraudulent broker.

Rest assured, this is not the case with TradoCenter. But how can we be sure?

Is TradoCenter Legit or a Scam?

There are a few reliable methods to verify a broker’s legitimacy.

While SSL protection and GDPR compliance for privacy are positive indicators, even scam brokers can feature these. The real proof is the license. If it’s issued by a respected authority, it’s an irrefutable sign of reliability.

TradoCenter License

TradoCenter holds a legitimate license, specifically issued by CySEC (Cyprus Securities and Exchange Commission), an international regulatory body. This license allows TradoCenter to legally offer its services across Europe.

The license number is 080/07. You can verify this on CySEC’s official website, ensuring the license belongs to TradoCenter and its parent company, FF Simple and Smart Trades Investment Services Ltd.

This kind of license comes with stringent regulations to protect investors, such as:

• Broker participation in a compensation fund covering losses up to €20,000 per account in case of broker default.
• Segregation of client funds from broker funds.
• Secure account access where the broker cannot access accounts without the user’s consent.

TradoCenter Trading Accounts

Now that we’ve established TradoCenter’s legitimacy, let’s explore how to sign up and the available trading accounts.

Sign-up is straightforward, requiring a form, ID verification, and authentication, a process crucial for complying with anti-money laundering regulations.

Once registered, you can choose from the following account types, each offering unique benefits:

• Novice Account: Deposit €200–€1,999, includes free eBook, free training, personal account manager, and more.
• Beginner Account: Deposit €2,000–€4,999, with 5% rollover and price discounts, plus Novice benefits.
• Intermediate Account: Deposit €5,000–€9,999, includes 10% discounts and Autochartist access for 1 month.
• Advanced Account: Deposit €10,000–€14,999, includes 15% discounts and Autochartist for 2 months.
• Expert Account: Deposit €15,000–€29,999, with 20% discounts and Autochartist for 3 months.
• Pro Account: Deposit €30,000–€49,999, with 25% discounts and Autochartist for 4 months.
• Genius Account: Deposit €50,000–€74,999, with 30% discounts and Autochartist for 4 months.
• Prodigy Account: Deposit €75,000–€99,999, with 35% discounts and Autochartist for 4 months.
• Virtuoso Account: Deposit €100,000+, with 40% discounts and Autochartist for 4 months.

10 Guaranteed Trades

New users at TradoCenter can take advantage of the first 10 trades being risk-free. If you lose money on these trades, the losses are fully refunded. If you gain profits, you can withdraw or reinvest them.

Deposits and Withdrawals

TradoCenter requires a minimum deposit of €200. You can deposit via:

• Credit/debit cards (VISA, MasterCard)
• Bank transfer
• E-wallets like Skrill, Rapid, and Klarna

Withdrawals can be made through the same methods, with processing taking approximately 24 hours.

Assets and Markets on TradoCenter

TradoCenter offers a wide range of assets via CFDs, including:

• Stocks
• Indices
• Commodities
• ETFs
• Forex
• Cryptocurrencies

CFDs (Contracts for Difference) allow you to speculate on asset price movements without owning the asset, making trading more flexible and cost-effective.

TradoCenter Trading Platform

TradoCenter’s trading platform, PROfit, is a web-based system that requires no download or installation. It’s user-friendly and packed with tools like technical analysis indicators, real-time alerts, and market orders.

Mobile Trading Platform

TradoCenter also provides a mobile app, available for iOS and Android, with almost the same features as the desktop platform.

TradoCenter Reviews and Feedback

Although TradoCenter is relatively new in Italy, early reviews are positive, praising its low spreads, quality services, and user-friendly platform.

Conclusion

TradoCenter is a trustworthy, secure, and regulated broker with CySEC licensing, ensuring protection against fraud. It offers an impressive range of assets, competitive spreads, and advanced trading tools. With its 10 guaranteed trades, you can test the platform risk-free.