Tradeapp Review – What to expect from the broker

Tradeapp is a CFD Broker that features on its trading platform CFDs on shares, commodities, currencies, indices, ETFs and cryptocurrencies. Tradeapp is a subordinate company of Depaho Ltd (just like FXGM and GTCM), a corporation that is regulated and overseen by the Financial Conduct Authority (FCA) in the United Kingdom and in Cyprus by the CySEC. The minimum spread is for EUR/USD 3.0 pips*, real trading is possible with a minimum deposit of $5. The Tradeapp website is available in English and Italian.

What do we cover in our Tradeapp Review?


General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Basic information about the broker

  • Website address: www.Tradeapp.com
  • Leverage: up to 1:30
  • Instruments: CFDs – shares (71), commodities (17), currencies (32), indices (18), ETFs (2) and cryptocurrencies (5)
  • Minimum deposit: $5
  • Demo account: No
  • Methods of deposit and withdrawal: wire transfer, credit and debit cards (Visa, master card, American express), Skrill, Neteller

Tradeapp Trading Platform

The TradeApp broker offers its own trading platform that users can use when trading. As you might have guessed, the Tradeapp is primarily for mobile devices, nevertheless, it also works on desktop. The Tradeapp platform is minimalistic, modern and light and gives access to over 100 trading instruments.

Tradeapp Spreads

As any other CFD broker, Tradeapp charges a spread fee. For the most current spread charges, please visit the Tradeapp.com website. Here is a spread comparison table that contrasts Tradeapp spreads with popular industry competitors.


Asset EUR/USD USD/JPY GBP/USD AUD/USD
Tradeapp* 3.0 3.0 3.0 3.0
Plus500** 0.6 0.7 1.1 0.6
IQOption** 3.7 4.4 8.8 5.3

*Spreads recorded on 12.06.2019 at 15:10 GMT, information was taken from the Product Sheet & Costs page that the broker features on its website. **Spreads recorded on 31.05.2019 at 8:23 GMT from the trading platform of the broker.

To sum up the Tradeapp Review

Tradeapp adheres to strict regulatory guidelines of the CySEC (No 161/11 ) and FCA. What I like about the broker is that the minimum deposit really low, only 5 bucks. Another great feature is the trading platform, which is very simple and modern. What is not that attractive are, however, spreads that the broker charge – they are not as competitive as we would like them to be.

Tradeapp Review – What to expect from the broker
2 (40%) 1 vote[s]

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Michael

Hi, I'm Michael and my area of expertise is forex and cryptocurrency trading. I specialize in technical analysis, namely in chart pattern setups. I educate traders of all levels and I believe that prerequisite to successful active trading is always knowing risks of the game. My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications. I do not give investment advice, but for general inquiries please use the comment section under any article.
Michael

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