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.
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.
*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. **Minimum Spreads recorded on 18.8.2023 at 11:26 GMT from the website 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.
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