Tradu review
Introduction of the broker Tradu
Tradu is a relatively new broker established in 2023, associated with well-known names like FXCM and Jefferies. Last year, Stratos, known for its retail forex trading platform FXCM, launched Tradu for stock and multi-asset trading. Jefferies now owns 100% of Stratos, which operates the broker.
Real Stocks and Fractional Trading
Tradu offers investment in a wide selection of U.S. stocks, including well-known names like Apple, Tesla, and NVIDIA, with commissions starting at €1. Additionally, it allows fractional share trading, enabling you to diversify your portfolio without the need for large initial investments. You can trade for €0.01 per share with a minimum commission of €1 per trade.
Tradu boasts a robust trading platform with fast execution and easy-to-use, customizable charts. It also offers a wide range of smart tools, such as Stock Screener and Analyst Research from TipRanks, and real-time stock lists from DX Feed. The platform is regulated in several jurisdictions, ensuring its global credibility. Moreover, you can use the stock scanner and other tools to spread risk between leveraged and non-leveraged investments.
General Fees and Costs
Tradu’s general fees include a 0.1% markup on currency conversions. Withdrawal fees vary depending on the method, with different rates for domestic and international transactions. Deposit fees are generally free unless mistakenly directed to the wrong account. An inactivity fee is charged after 12 months of no trading activity, up to 50 units of the base currency.
For CFD trading, Tradu provides a competitive environment with free account opening, maintenance, and statements. There is no commission fee on CFD transactions. The spread, the basic trading cost, varies and is detailed on the trading platform. A financing fee is applied to positions held after 5:00 PM EST, based on reference rates and markups.
Tradu offers a transparent fee structure for stock trading. There are no fees for account opening, maintenance, or statements. The stock trading fee is €0.01 per share, with a minimum fee of €1 per transaction. For trades in different currencies, a currency conversion fee of 0.25% is applied. Stock transfer fees vary by method, such as €50 for outgoing DTC transfers.
Leveraged CFD Trading
One of the standout features of Tradu is the ability to trade contracts for difference (CFDs) with leverage. This includes a wide selection of thousands of financial instruments, with underlying assets such as forex pairs, indices, stocks, ETFs, commodities, and cryptocurrencies. The platform prides itself on fee transparency, tight spreads, customizable charts, and fast execution.
Tradu offers various leverage ratios according to the asset class:
- 1:30 for major currency pairs: This high leverage allows traders to make significant trades with relatively small amounts of capital.
- 1:20 for minor currency pairs, gold, and major indices: This level of leverage is ideal for traders focusing on these slightly riskier but still significant assets.
- 1:10 for commodities (excluding gold) and minor stock indices: Perfect for traders looking to diversify their portfolios with less conventional assets.
- 1:5 for individual stocks and other reference values: This leverage offers a balanced risk-reward ratio for those investing in specific stocks.
- 1:2 for cryptocurrencies: Given the volatility of the cryptocurrency market, this leverage is reasonably conservative.
Cryptocurrencies
The broker also offers cryptocurrency trading, aiming to compete with low fees and additional features. Tradu charges a 0.1% commission for cryptocurrency trading, with rebates for larger trades. This fee is comparable to Binance, which offers some of the best rates on the market, and is significantly lower than the rates charged by Coinbase and other competitors.
Risk warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. 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 | |
|---|---|
| Regulations |
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| Number of CFD asset classes | 6 |
| Broker type | MM |
| Customer support |
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| Deposit from | 100 EUR/USD |
| Spreads | 1 EUR/USD *The value is indicative from the broker's website. The spread amount is variable. |
| Real Stocks and ETFs | |
| Platforms |
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| Instruments CFD | Commodities, Cryptocurrency traded as actual, Share CFDs, Forex, ETF, Indicies |
| Established | 2020 |
| Location | DOMS Assets Business Centre, 33 Neas Engomis Street, 2409 Engomi, Nicosia, Cyprus. |
| Phone | +44 1514 535000 |
| info@tradu.com | |
| Country | Cyprus |
| Last update: | |
Pros
- Tradu is associated with established names like FXCM and Jefferies, which adds credibility and experience.
- Tradu offers a wide selection of US stocks with fractional trading options, allowing portfolio diversification even with smaller investments.
- Fees start at €0.01 per share, with a minimum of €1 per transaction, which is competitive in the market.
Cons
- Tradu is a relatively new broker, founded in 2023, which may be a disadvantage for those who prefer more established companies.
- Inactivity fee after 12 months without trading activity.
- The offer of cryptocurrencies may not be as extensive as with specialized crypto exchanges.
Licences and regulation
Stratos Europe Limited, also known as "Tradu," is a Cyprus Investment Firm (CIF). The company is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 392/20.
