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TudoFX Review: Is Tudofx.com trustworthy or an unreliable broker?

TudoFX an unregulated forex broker that claim to offer traders a powerful and advanced trading platform technologies, maximum profitability as well as other benefits. Read this Tudofx.com review before deciding to trade with them.

It is common for Forex brokers to claim that they provide the best trading environment in the market. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared towards deceiving traders and stealing their funds. Therefore, considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

About Tudofx.com

This broker fails to reveal the name of the company behind it. They do not even provide a contact address. However, their legal document says that they abide to the rules of Saint Vincent and the Grenadines.

TudoFX contact

They offer five account types which are Basic, Silver, Gold, Platinum and VIP. They assets they trade are forex and cryptocurrency.

Why you should avoid TudoFX.

We found the following disturbing information about Tudofx.com after going through the website.

Tudofx.com licensing and regulation.

An important aspect of our review is to find out whether or not a broker holds a license from any of the recognized forex regulatory authorities. First, look at the region or location where the company or broker claims to be based, then we check the commission or authority regulating trade there to know whether that company has been listed among their regulated companies or not. For instance, FCA is the regulatory body overseeing the operations of forex brokers located in the UK while Australian forex brokers should be regulated by ASIC.

This broker says that they have connection with Saint Vincent and the Grenadines. One thing to take note of is that authorities in Saint Vincent and the Grenadines does not issue licenses or regulate the activities of brokers located there. This is why it serves as a hiding place for unreliable brokers. Trading with an unregulated broker is a huge risk. Therefore, we do not trust this broker.

 

TudoFX legal document

TudoFX deposit and withdrawal method..

TudoFX accepts a minimum deposit of $250. This is higher than the minimum deposit that other brokers accept. Also, when you request for withdrawal, a fee of 5% will be deducted. The payment methods available are cryptocurrency and e wallets. The disadvantage cryptocurrency deposits is that it does not permit traders to request for refund. There is no way to trace transactions made through cryptocurrencies.

TudoFX account types

TudoFX trading platform.

Tudofx.com offers the MT4 platform. Metatrader 4 and 5 platforms have become popular due to the fact that they are user friendly and can supports device such as Android, iOS and many others. The availability of the Metatrader platform is one of the things you should look out for before deciding to trade with any broker. However, this does not mean that any broker that offer these platforms is a legit broker.

They also offer a maximum leverage of 1:100. It is important to note that while some leverages may seem generous, it is not advisable. They also offer a spread of over 2 pips which is higher than what most brokers offer. High leverages and spread as this can lead to huge loss of funds for inexperienced traders.

Conclusion: Is Tudofx.com worth trading with?

No. TudoFX is not among our trusted forex brokers. Moreover, they are not regulated by any of the recognized regulators. Therefore, trading with this broker will result to loss of funds. We advise you to only trade with brokers that have a license and regulation from a reputable authority.

COMPARE WITH A TRUSTED BROKER

Fortrade

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. They offer trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Most importantly, the Financial Conduct Authority(CFA) in the UK as well as ASIC in Australia are the regulators of Fortrade. This makes  makes client funds safe. They accept traders worldwide..visit their official website

DID YOU KNOW!! Most Autotrading softwares or robots claiming to turn you into a millionaire overnight are SCAMS. If you are in need of a legitimate software or robot that can help you trade profitably, see our recommendation HERE
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