Tradfirms is a CFD broker with a website domain registered on June 10, 2024. The broker primarily offers investment services in markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services in countries and regions where doing so may violate local laws or regulations.
Corporate Registration Information and Regulatory Status
According to publicly available information on its website (tradfirmscapital.com), Tradfirms was established in 2016 and is regulated by the Australian Securities and Investments Commission (ASIC). However, the broker has not disclosed its company entity registration details or detailed regulatory information.
Upon verification, the Australian Securities and Investments Commission (ASIC) could not find any regulated company named "Tradfirms."
Therefore, Tradfirms (tradfirmscapital.com) is essentially a scam brokerage site with no corporate entity or regulatory oversight.
Account Opening Process
To open a trading account with Tradfirms, visit their official website, click “Open Account” on the homepage, or “SIGN UP” at the top right corner. Fill in the personal information such as name and email, set your password, and submit. Upon verification, your account will be successfully registered.
Tradable Assets
Tradfirms offers a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Currency trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from fluctuations in exchange rates.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. Exploring popular indices can reveal diverse trading opportunities and leverage potential returns.
- Commodities: Commodity trading encompasses crucial resources in global markets, permitting traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price movements of public companies, earning from price changes and dividends based on company performance without physically owning the shares.
- Cryptocurrencies: Cryptocurrency trading offers opportunities for enthusiasts to profit from highly volatile digital assets.
Investment Plans
Tradfirms offers two different investment plans: Test and Basic Plan.
Test:
- Minimum deposit: $500
- Expected profit (min): $10
- Expected profit (max): $15
- Trader education*
- Risk management
- Tax-free spread trading profits
Basic Plan:
- Minimum deposit: $500
- Expected profit (min): $25
- Expected profit (max): $35
- Trader education*
- Risk management
- Tax-free spread trading profits
Trading Platform
Tradfirms offers a proprietary trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with over 12,000 orders executed per second from comprehensive liquidity providers.
Deposits and Withdrawals
Tradfirms supports deposits and withdrawals exclusively via cryptocurrencies.
Conclusion:
Traderknows reminds investors that Tradfirms is a scam broker that lures investors with promises of high returns. This site has neither a company entity nor any regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
