Tradiva Review: Tradiva.com Atrocious Forex Broker
Tradiva (Tradiva.com) is offering users a welcome bonus of 100 percent. And this is reason enough to worry. Why would an investment platform match deposits made by members? Do they have that much capital to throw around? These are scam tactics which are meant to lure unsuspecting investors into signing up. With the promise of getting the same bonus, investors deposit more. And this is where everything goes wrong for investors. Read this genuine TRADIVA Review for the full details.
Tradiva Review
We came across this platform due to the welcome bonus they throw at traders. Tradiva is an offshore brokerage platform based in St. Vincent and the Grenadines. We received a promotional video which was running around the web. And as investors, we decided to get to the bottom of things. We do know that the trading world is full of impostors, and Tradiva is one of them. An investigation done revealed some shocking details regarding the entire set up of the platform.
Trading in Forex requires one to be safe at all times. And this is why it is best to sign up with recommended and trusted products. An excellent example is using tested Forex trading robots to further your trading experience. Tradiva is a brokerage firm with no intention of improving user experience. The platform is all about false claims and promises which are traps for unsuspecting investors. To keep the trading world safe, such platforms must be exposed. And the full expose is here.
About Tradiva
Market Solution Ltd is the company which is behind this ridiculous trading platform. The company is not in any company register which means it is a hoax. Worse still, the entire platform is anonymous as the address listed is synonymous with offshore scam platforms. And this leads us to more questions. The address listed on their homepage is nothing but a false list to throw off investors. Claims of having offices in London and Russia are meant to fool investors from the two regions.
Anonymity is a dangerous character to have when it comes to online trading. And this is what’s happening at Tradiva. The entire platform is anonymous as we don’t know the actual founding members. No one knows the staff members or any of their social media handles. They are not on any social media platform which is weird to say the least. They should be on social media; you only get to interact with their agents via Whatsapp. They prefer mobile chat so that they can keep a close contact with their victims.
Domain Details
They have been in operation since 2010 and has managed to operate without the attention of officials. According to the domain register whois.net, the website was created on 19th November 2010. With over nine years in the business, why have they failed to get an operating license? These scam just popped up a few months ago which is an indication the website was dormant. They waited for the right time and immediately went for the kill. By posting a 100 percent welcome bonus as part of their grand entrance into the market.
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Disadvantages of Tradiva
Account Details
Tradiva is furnishing users with four account types. The four accounts listed include Mini, Standard, Gold, and Platinum. The mini account is the most basic account type and traders must deposit $500 to start trading. Such a high depository amount is uncalled for as the industry has set $250 as the acceptable minimum deposit. And these are some of the reasons why investors must stay away.
Bonus
The welcome bonus of 100 percent is a tactic meant to drive investors into depositing more funds. Even after your account reflects the added bonus, the next placed trades will be losses. If you deposited over $25, 000, you must deposit the same amount in order to withdraw funds. And this makes Tradiva a ruthless trading platform.
Demo Account
A demo account is also missing from this platform. Demo accounts are important as they help investors know more about a platform. you don't have to deposit funds to learn how a platform behaves. A demo account gives you an idea of how the trading platform behaves. It includes advanced tools and speed of executing trades. Without a demo account, you should not commit to a platform, ensure you start with it.
Deposit and Withdrawal
When it comes to funding accounts, it is well covered as they use available depository channels. Some of the payment methods available include AstroPay, Maestro, MasterCard, Neteller, and Visa. The biggest problem with this platform is no one has been able to withdraw funds. Tradiva is making it impossible to withdraw funds with the statement that everyone must pay back the bonus. Stay out of any trading platform that won’t allow you to make withdrawals freely.
Online Chat
According to their contact page, you can make contact via email, phone number, and Skype. We tried to contact them via Skype and their profile name does not exist. These scam artists are posting unavailable addresses to keep off traders. The phone numbers listed are ever busy and it is hard for anyone to pick your calls. Email is the last option where you have to wait for nearly two weeks before you get a response. No scam artist wants to keep communication with victims, and this is the result.
Trading platform
They are using an online trading platform which they claim comes with a tone of advantages. Some of the features they claim to have include over 170 trading tools, 1-click trade mode, and hedging. Why have they failed to mention the security set up of their platform? The security of their web-platform is wanting as it lacks ideal features. You will notice their platform is unstable and not compatible with smartphones.
License and Registration of Tradiva
When it comes to their license and registration, all details remain sketchy. The entire platform has no license or registration details which is proof of their unlicensed status. A legit platform will post copies of their license certificates for all to see. They would also their license and registration number for members to verify with regulatory bodies. Without these vital details, it is clear TRADIVA IS NOT LICENSED OR REGULATED.
Safety of funds with Tradiva
When it comes to how safe your funds are, Tradiva is never going to fully secure your funds. With no regulation from a reputable regulator, funds are never safe. The platform fails to segregate accounts and pools funds in one single account. Members are in essence, depositing funds in one bank account.
Scam or legit
With all details emerging of the platform’s withdrawal issues, Tradiva is a scam. Stay away from the platform and never engage with their call agents. These call agents act as account managers and yet, have no trading experience. Never enlist in any of their affiliate programs as they too do not pay. You will never make any profit with an offshore trading platform. It is a horrible place to start your trading activities. Warn your family and friends from joining this ridiculous trading platform.
Bottom line
We have to add this platform to our scam blacklist and ensure no one else falls for this trap. Now you know the dangers of involving with them.
Wishing you a prosperous and safe trading experience with industry backed brokers.