Tradehall is a foreign exchange broker registered in Australia in 2020, mainly providing investors with foreign exchange, commodities, stocks, indices trading services, the company's official website only supports English as the language of use. In addition, the account registration page of Tradehall official website supports simplified Chinese and English.
Company background:
According to Tradehall's website, the company and its affiliate TradeHall Ltd are incorporated in Australia and Saint Vincent and the Grenadines respectively. A search on the websites of the Australian Securities and Investments Commission (ASIC) and the St Vincent and the Grenadines Financial Services Authority (SVGFSA) revealed that the registration information of the company and its affiliates were genuine. In addition, the domain name registration information of the website queried by Whois shows that the company's official website domain name was registered on August 8, 2022, and the domain name registration time has been more than 1 year.
Account Registration:
Tradehall offers investors a link to sign up for a real account, according to the company's website. To register a real account, click "Start Trading" at the upper right corner of Tradehall's official website to enter the account login page, and select "Don't have an account? Enter the account registration page, enter the Email address, obtain the verification code, and select or enter the verification code, name, phone number, country, and password as required to complete the registration of a real account. The account registration page of Tradehall official website supports simplified Chinese and English. However, the Tradehall website does not provide a link to sign up for a demo account.
Account Type:
Tradehall, which is only displayed in the "Frequently Asked Questions" on the official website, offers investors three types of trading accounts, Standard, ECN PRO, ECN VIP, and provides a minimum deposit amount for different accounts. However, the Tradehall website does not provide the differences between these three accounts in terms of spread, commission, margin (leverage) ratio, overnight interest, etc.
Trading Products:
According to Tradehall's official website, the company provides investors with trading services for forex, commodities, stocks and indices. In addition, the official website of Tradehall does not provide specific trading products covered by forex, commodities, stocks and indices, nor does it provide commission, spread, minimum trading unit, maximum trading unit, commission and other information of specific trading products.
Margin ratio:
The Tradehall website not only does not provide margin (leverage) ratio for different account types, but also does not provide margin (leverage) ratio information for specific trading products covered by forex, commodities, stocks and indices.
Trading Hours:
The Tradehall website does not provide trading hours information for specific trading products covered by Forex, precious metals, energy, and the index.
Deposits and Withdrawals:
Although Tradehall's website "Frequently Asked Questions" shows that it supports a variety of credit card, electronic payment, bank wire transfer, local bank transfer and other deposit and withdrawal methods, as well as the minimum deposit and withdrawal amount and deposit and withdrawal fee information. But Tradehall's website doesn't provide information on which currencies it supports.
Trading Software:
According to Tradehall's website, the company offers MetaTrader5 (MT5) trading software to investors. Tradehall's MT5 software supports PC (Winodws/MacOS), Web and mobile (IOS/Android/Pad) versions. However, the Android version of MT5 software in some countries or regions, there are problems that can not be downloaded or downloaded installation speed is slow.
Other services:
According to Tradehall's website, the company provides investors with news, trade analysis, market outlook and other services. Among them, news can help investors grasp the hot events in the financial market. Trade analysis allows investors to understand the impact of financial events. Market Outlook is Tradehall's analysis of hot events and trading products for investors.
Regulatory information:
Tradehall and its affiliate TradeHall Ltd are regulated or authorized by the Saint Vincent and Grenadines Financial Services Authority (SVGFSA) and the National Futures Association (NFA). It holds an Authorised Representative Licence (AR licence) from the Australian Securities and Investments Commission (ASIC) and a Money Services Business Licence (MSB licence) from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). As a result of the inquiry, the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) does not regulate, monitor, authorise or license commercial companies (BCS) engaged in forex trading or broking. A query on the website of the National Futures Association (NFA) shows that the company is not a member of the NFA and is not regulated or authorized by the NFA.
In addition, the information that the Company and its affiliate TradeHall LtdTradeHall Ltd hold an ASIC Authorized Representative License (AR license) and a Canadian FINTRAC Money Services Business License (MSB license) is true. However, a number of similar enterprises such as TradeHall LtdTradeHall Ltd have licensed representative licences (AR licences) from STAR FUNDS MANAGEMENT PTY LTD (488828). Companies such as TradeHall LtdTradeHall Ltd have no relationship with STAR FUNDS MANAGEMENT PTY LTD (488828), These businesses are only using the Authorised Representative Licence (AR licence) purchased from STAR FUNDS MANAGEMENT PTY LTD (488828) to advertise. FINTRAC Canada, Canada's financial intelligence agency and anti-money laundering and counter-terrorism financing regulator, does not regulate or authorize brokers.
Summary:
Tradehall is suspected of fraud. A search on the websites of the Australian Securities and Investments Commission (ASIC), Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) revealed that the company and its affiliates' registrations were genuine. The information that the Company and its affiliate TradeHall LtdTradeHall Ltd hold an ASIC Authorized Representative License (AR license) and a Canadian FINTRAC Money Services Business License (MSB license) is true. However, a number of similar enterprises such as TradeHall LtdTradeHall Ltd have licensed representative licences (AR licences) from STAR FUNDS MANAGEMENT PTY LTD (488828). Companies such as TradeHall LtdTradeHall Ltd have no relationship with STAR FUNDS MANAGEMENT PTY LTD (488828), These businesses are only using the Authorised Representative Licence (AR licence) purchased from STAR FUNDS MANAGEMENT PTY LTD (488828) to advertise. FINTRAC Canada, Canada's financial intelligence agency and anti-money laundering and counter-terrorism financing regulator, does not regulate or authorize brokers.
In addition, a query on the website of the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA) shows that SVGFSA does not regulate, monitor, authorize or license commercial companies (BCS) engaged in forex trading or broking. A query on the website of the National Futures Association (NFA) shows that the company is not a member of the NFA and is not regulated or authorized by the NFA. According to this judgment, Tradehall is suspected of fraud, and investors should be careful to choose the services provided by the company. TraderKnows reminds you, please pay attention to your property safety, to avoid falling into the fraud trap.
