Although presenting as a legitimate Swiss forex broker, Tradelly.Ai falls short of meeting necessary standards. Without a valid forex license, it lacks credibility, rendering it unsuitable for traders. To protect your funds and prioritize security, it is highly recommended to steer clear of this unreliable broker.
Tradelly.Ai Regulation
Following a thorough assessment, it’s clear that Tradelly.Ai, despite portraying itself as a reputable Swiss broker, fails to adhere to regulations set by the Swiss Financial Market Supervisory Authority (FINMA). Consequently, it operates unlawfully within this jurisdiction.
Given this revelation, it’s strongly recommended to steer clear of Tradelly.Ai. For traders seeking a secure and reliable trading platform, we suggest referring to the detailed table provided above. This will assist you in selecting a broker that complies with regulatory requirements and safeguards your investments.
Trading Platform
Tradelly.Ai boasts about its sophisticated trading platform, but in reality, their software is disappointingly basic and lacks the advanced functionality they advertise. It’s strongly advised to avoid platforms like this, as they are unreliable and carry a significant risk of losing invested funds.
Moreover, the absence of a demo account option is a major concern with Tradelly.Ai. This tactic is often used by scammers to prompt prospective clients to provide personal information and make a deposit before they can evaluate the platform.
To steer clear of such scams, it’s recommended to opt for a reputable broker that offers industry-leading trading platforms like MT4 and MT5. There’s no need to settle for less when you can enjoy the benefits of top-notch trading software in a secure trading environment.
Minimum Deposit
Tradelly.Ai provides a range of account types designed to accommodate various trading preferences:
- Basic Account: €500 minimum deposit
- Bronze Account: €10,000 minimum deposit
- Silver Account: €50,000 minimum deposit
- Gold Account: €100,000 minimum deposit
- VIP Account: €250,000 minimum deposit
Traders can choose the account type that aligns with their investment objectives and trading strategies. However, it’s worth noting that numerous reputable brokers accept smaller deposits, some as low as $250. Hence, we advise selecting a company with lower deposit requirements to ensure a safer trading experience.
Payment Methods
Tradelly.Ai asserts that it accepts a range of payment methods, including:
- Credit/Debit cards (Visa and Mastercard)
- Wire transfers
- Cryptocurrency payments
- Other payment systems like AstroPay, Deal, and Interac
These choices afford traders flexibility in funding their accounts and withdrawing funds. Nonetheless, it’s advisable to confirm directly with the broker for the latest information on accepted payment methods, as well as any associated fees or processing times.
Trading Instruments
As per the details available on the Tradelly.Ai platform, they provide an extensive array of trading instruments encompassing Forex, Commodities, Indices, Cryptocurrencies, and Stocks. This diverse range permits traders to potentially tap into various markets via Tradelly.Ai, thereby offering diversified investment prospects.
Nevertheless, it’s crucial to acknowledge that the platform’s functionality might not be exceptional. Therefore, it’s advisable for traders to explore alternatives beyond this broker to enhance portfolio diversification and potentially gain access to more advanced trading features and tools.
Tradelly.Ai Spread
Tradelly.Ai’s spreads are notably disadvantageous for traders. After conducting calculations directly from their platform, we observed spreads of 23.0 pips for major pairs such as EURUSD, GBPUSD, and USDJPY. These high spreads can substantially affect trading profitability and are considerably elevated compared to industry standards of approximately 1.5 pips on major currency pairs.
Traders should weigh these high spreads carefully when assessing Tradelly.Ai as their broker of choice. Lower spreads are typically preferred as they can result in reduced trading costs and enhanced profitability.
Tradelly.Ai Leverage
Tradelly.Ai provides traders with a maximum leverage of 50:1. Leverage enables traders to control larger positions with a smaller amount of capital. However, it’s essential to understand that while leverage can magnify profits, it also heightens the risk of losses. Traders should exercise caution and employ leverage prudently to effectively manage their risk.
Tradelly.Ai Withdrawal Requirements
Tradelly.Ai asserts that it processes withdrawals within 48 hours without charging any additional fees. This feature can be viewed positively by traders, as prompt and fee-free withdrawals enhance the overall trading experience. Nonetheless, it’s advisable to confirm this information directly with the broker and to review any specific withdrawal policies they may have in place.