TradesFly Review: Scam or Legit Broker? TradesFly.com is a forex and cfd broker that offers trading in a huge range of assets spanning commodities, indices, stocks, currency pairs and cryptocurrencies They have their address at Trust Company Complex, Ajeltake Road Ajeltake Island, Majuro Marshall Islands MH 96960 and they are owned and operated by Brown Fox Ltd.
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TRADESFLY TRADING PLATFORM
This broker uses the MT5 trading platform for CFD, Crypto and Forex trading. The Maximum leverage is 1:500
DEPOSIT AND WITHDRAWAL METHODS
TradesFly withdrawal and deposit methods are MasterCard, Visa, Skrill, Neteller, UnionPay. The minimum deposit is $500
Is TRADESFLY LICENSED?
NO! Trades Fly broker is not licensed. Therefore, no regulatory body is acting as a watchdog overseeing that they comply with best practices in the financial market.
This broker offers support to its traders, they could be reached through phone calls or emails, whichever you prefer.
TradesFly is an unregulated broker, this is a source of major concern. CONSOB (the regulatory body in Italy) has also issued a warning against this broker. When trading forex, cfd and cryptocurrency we always recommend you use a regulated broker that is licensed to trade financial instruments.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK as well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website