Warning! Tradiva is an offshore company! Your deposit may be at risk.
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Tradiva tries its best to fool you into thinking it’s anything else but a fraud. Here’s our review of this broker, revealing all there is to know.
Tradiva’s website is full on texts, yet none of these has once mentioned a licence. Even the legal documents offer no help. The footer reveals a Market Solution LTD, presumably a parent company, that is registered in St. Vincent and the Grenadines, location that not only is known for harbouring scammer brokerage firm, but also known for not offering a any sort of financial license. Tradivia is nothing more that an illicit and UNREGULATED broker.
Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirement for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).
There are no real applicable trading conditions, because the broker has included a trading software that does not go under its name!
The languages are English, Russian, and Czech.
Whatever the broker claims as its trading conditions, they are not applicable because the company’s alleged MT4 is not under their name, or their alleged holding company’s name. This means that the broker has no trading terminal.
TRADIVIA MINIMUM DEPOSIT
Users can deposit via bitcoin, Credit card, WebMoney, bank transfer, and yandex money. The minimum bitcoin transaction is $20, while credit cards allow for a $1 deposit, and so do the e-wallets.
Once more: this broker is clearly unregulated, and if you choose fund an account with it, it will put you directly at risk of losing all funds. For safekeeping your money, we strongly advise to avoid all brokers who do not have a proper license from renowned regulatory bodies. Agencies like the FCA and CySEC stand out as some of the top license issuers in the world, notorious for their severe requirements and close relationships with the law.
DON’T PROVIDE YOUR CREDIT CARD CVV CODE
The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.
DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER
AnyDesk and TeamViewer software are double edged. For one, you provide complete access to your computer to someone else who, essentially, takes over as the new user. This can be helpful if the person with access is a friend, colleague, or acquaintance; or it can be devastating to your private information, including bank info, if you provide entry to someone with a shady background. Hence the double edge. Note that these software are 100% legal meaning that your approval will be needed if someone is to tinker inside your PC.
TRADIVIA WITHDRAWAL TIME AND FEES
According to the payment terminal, withdrawal requests are processed within 24 hours.
If a user has made less than 5 trades, he or she will be issued a fee of 5% upon withdrawing.
Furthermore, in the Disclaimer document there is another fee amounting to 3% for withdrawals.
ADDITIONAL FEES AND TAXES
After 91 days of inactivity, the user will be taxed a dormant account fee of 5% his/her account money, per month.
There is a clause revealing a number of fees that have not been disclosed anywhere on the website.
The final clause is the one that indemnifies the broker.
Heed our words. Unregulated brokers do not care who you are and what your situation is; all they see is money, and they will trick you into giving it to them every chance they get. It is only logical then, that any attempt at withdrawing will be unsuccessful. The most popular excuses for denying your withdraw requests are usually smart and for the most part scripted. These include but are not limited to loopholes in the T/C, asking for more deposits in order to withdraw, or just prolonging your pending withdrawal by claiming that the market will suddenly propel, multiplying your winnings by unrealistic proportions.
If a broker is unlicensed, never give you ID and personal details to it, because the broker will use these details against you once you file for a charge back. Furthermore, any allegation held against the brokerage will be easily refuted if they have in their possession a copy of your ID and proof of address.
We are positive that this so called broker will not return your funds; the evidence we have laid out before you work in sync against it. The sound thing to do is to direct your attention and investment to an FCA or CySEC licensed broker where the law is integrated in every aspect of their operations.
HOW TO RECOVER
The only thing that is left to do is to file for a chargeback, and hope that the minimum amount of damage has been inflicted on your account.
If you have given a CVV code to the broker, be sure to cancel your credit card as soon as possible, because the broker will not delay with draining every cent from it.
At some point or another you might stumble upon a “recovery” agent or agency that promises to retrieve all your money back. This sounds all too good to be true, and that’s because it isn’t. Before proceeding with the recovery they will ask a payment for their services. If you chose to indulge them, they will disappear with the money without a hint of remorse.
The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!
Tradiva is a broker that should not be trusted. You deposit is not safe.