Tradovate Review – Is Investing in Tradovate.com Safe?
About Tradovate
Established in 2015, (tradovate.com) Tradovate is an online brokerage for futures and options. It offers access to more than 100 trading products on top exchanges and features low-day trade and initial margin rates. Tradovate is built for multi-device trading and supports both PC and Mac.
Regulation Concerns
It is worth noting that Tradovate has no current valid regulation. The broker boasts of being regulated by the United States National Futures Association (NFA) license number 0485810, but this is believed to be a cloned license. This poses questions about the legitimacy and safety of the broker.
Trading Features
Tradovate has over 40 sophisticated trading tools and accommodates futures and options trading on one platform. Traders are able to trade contracts in different asset classes, such as indices, interest rates, metals, energies, and grains. Forex and cryptocurrency trading, however, are not supported.
Drawbacks
The platform’s $250 minimum deposit requirement may be an issue for many traders. Besides this, novice traders might find the platform complicated and hard to use.
User Reviews
Tradovate has a poor rating of 2.3 on Trustpilot, with many users reporting negative experiences. Given its regulatory concerns and mixed reviews, traders should proceed with caution.
Company Name –Tradovate Holdings, LLC Affiliates
Tradovate Website – https://www.tradovate.com/
Address – NA
Regulatory Warning – Not Recommended By Review Website Like Scams Report
Domain Blacklisted Status – It seems there is no direct mention of this domain being on a blacklist.
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Things You Need to Watch For
- Unverified Licenses: Any corporation saying it is registered has to be verifiable through official financial authorities.
- Hidden fees and terms: Most scam websites charge unexpected fees when trying to withdraw.
- Anonymous Operations: No defined company details; ownership is unknown, and offices are unverified.
- Changing Terms: Conditions of withdrawal become too stringent, or new provisions are introduced, after deposits.
How to Stay Safe?
- Research any investment platform thoroughly before depositing funds.
- Check the licensing at the official regulatory website.
- Watch out for websites offering high returns without any risk involved.
- Do not share sensitive personal or banking details with unverified entities.
- Report fraud cases promptly to financial authorities in case the suspect fraud happens.
What to Do If You Suspect a Scam?
Take the following steps if you have been scammed by tradovate.com:
- Contact Your Bank or Payment Service Provider: If you used a credit card or any other banking method to pay, then you can make a chargeback at the bank or the service provider.
- Collect Your Evidence: Keep all the records including transaction details, emails, and any form of communication you had with the platform.
- Report the Incident: Contact your country’s financial regulatory department and law enforcement.
- Get Expert Help: Professionals of Scams Report can help trace the stolen funds and further discuss recovery options.
Fill out the form above to connect with experts. Act fast—time matters when recovering funds.
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Note: The information provided in the above Tradovate review is derived from existing web tradovate.com reviews. Please be aware that we cannot be held liable for any legal action taken by Tradovate company. If you have any inquiries or concerns, kindly reach out to us via email at admin@scamsreport.net.
