tradit Review 2024
Investing options: 4.2
Platforms & usability: 4.2
Products, markets, & assets: 4.1
Safety & reliability: 4.7
Deposits & withdrawals: 4
Research & analysis tools: 4.1
Fees & costs: 4.2
Education & learning resources: 4.2
tradit Review Summary
Prash Raval
Financial Writer
- Forex
- Trading
- Stocks
- Investing
- Football
Our opinion of tradit
Tradit provides a simple and accessible platform for both beginner and experienced traders. It offers a wide range of markets, allowing you to trade everything from stocks and forex to commodities and cryptocurrencies.
With an easy to use interface and various account types, Tradit is particularly suited for those new to trading who want to build their skills. Thanks to its many features, the tradit platform gives you access to more advanced tools as you grow.
This tradit review delves into the platform’s services, features, and offerings. We’ll explore its charges, the range of markets available, its special features, and how it compares to other brokers. Whether you’re just starting or looking to switch brokers, this tradit review will give you all the information you need to make a decision.
tradit highlights
Features | tradit summary |
---|---|
No. of tradable assets | 330+ |
Min. Deposit | $200 |
ID verification required | Yes |
Free demo account | No |
Supported assets | Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Index CFDs, Commodity CFDs, Synthetic derivatives CFDs |
Mobile trading app | Yes |
Web trading platform | Yes |
Regulatory bodies | MFSA |
View more > | tradit > |
Pros & Cons
Pros:
Cons:
Can I open an account with tradit?
Yes, residents of Nigeria can open an account with tradit.
No, residents of Nigeria cannot open an account with tradit. Consider trying our best-rated broker in , . Find the best broker in
Investing options
4.2
What can I do with tradit?
Tradit is a trading platform that allows you to buy and sell CFDs on various markets. This includes forex, stocks, commodities, and even cryptocurrencies. As it’s a CFD broker, you can trade using leverage, and go both long and short.
Besides trading, tradit has a range of features like trading signals. These signals prompt you to buy or sell based on expert market analysis. If you’re a beginner, the platform also includes a selection of educational materials to help you learn the basics of trading, such as how CFDs work and strategies for managing risk.
What accounts does tradit offer?
Account type | tradit accounts | Plus500 accounts | eToro accounts |
---|---|---|---|
Trading platform | Yes | Yes | Yes |
Crypto staking | No | No | Yes |
Crypto wallet | No | No | Yes |
Money management | Yes | Yes | Yes |
Spread betting broker | No | No | No |
View more > | tradit > | Plus500 > | eToro > |
Products, markets & assets
4.1
What products and assets can you trade on tradit?
There are over 330 assets on tradit covering Cryptocurrencies CFDs, ETFs, forex, futures contracts, indices, stocks CFDs, ETF CFD, and synthetic derivatives CFD. Below is a summary of all assets on tradit.
Product | tradit assets | Plus500 assets | eToro assets |
---|---|---|---|
Stock CFDs | 196 | 1,800+ | 3117 |
ETF CFDs | 12 | 100+ | 317 |
Forex CFDs | 46 | 50+ | 49 |
Crypto CFDs | 13 | 40+ | 73 |
Index CFDs | 23 | 20+ | 20 |
Commodity CFDs | 26 | 20+ | 26 |
View more > | tradit > | Plus500 > | eToro > |
What leverage trading options are there?
Leverage goes as high as 1:200 on certain markets, but, in order to obtain these levels you need to be classed as a professional. For retail traders, leverage is capped at 1:30, but varies from market to market. Here’s a closer look:
Product | tradit maximum leverage | Plus500 maximum leverage | eToro maximum leverage |
---|---|---|---|
Stock CFDs | 1:5 | 1:5 | 1:5 |
ETF CFDs | 1:5 | 1:5 | 1:5 |
Forex CFDs | 1:30 | 1:30 | 1:30 |
Crypto CFDs | 1:2 | 1:2 | 1:2 |
Index CFDs | 1:20 | 1:20 | 1:10 |
Commodity CFDs | 1:10 | Up to 1:20 | 1:10 |
View more > | tradit > | Plus500 > | eToro > |
What are the spreads?
Spreads are fixed for all markets except for Synthetic Derivatives which is up to 10%. Below is the typical spread for each market. It’s important to remember that while spreads are fixed, each individual asset will differ from the next
Product | tradit spreads | Plus500 spreads | eToro spreads |
---|---|---|---|
Stock CFDs | 1.0 | 0.10% | 0.15% |
ETF CFDs | 1.0 | 0.10% | 0.15% |
Forex CFDs | 0.04 | 0.8 pips | From 1 pip |
Crypto CFDs | 1.0 | 2% | 1% |
Index CFDs | 1.0 | 0.20% | From 0.75 points |
Commodity CFDs | 1.0 | 0.50% | From 2 pips |
View all tradable assets > | tradit > | Plus500 > | eToro > |
tradit trade sizes and limits
The minimum trade size on tradit starts from a mico lot on forex pairs. Every asset type has its own minimum, which you can find in the table below:
Product | tradit minimum trade | Plus500 minimum trade | eToro minimum trade |
---|---|---|---|
Stock CFDs | 1.0 | $10 | $10 |
ETF CFDs | 8.0 | $10 | $10 |
Forex CFDs | 0.01 | 0.01 lots | $33.34* |
Crypto CFDs | 1.0 | $0.10 | $10 |
Index CFDs | 0.10 | $10 | $1,000 |
Commodity CFDs | 0.40 | $10 | $1,000 |
View more > | tradit > | Plus500 > | eToro > |
Stocks
Which stocks are available on tradit?
There are nearly 200 stocks on tradit that you can trade via CFDs. The majority of stocks are from US markets, but there is a decent selection from other countries including the United Kingdom, Sweden, and Italy. Below we’ve provided the number of stock CFDs on tradit from each available country.
Country | No. of stocks on tradit |
---|---|
United States | 110 |
United Kingdom | 54 |
Sweden | 25 |
Spain | 8 |
Finland | 6 |
Italy | 13 |
France | 7 |
Germany | 7 |
Finland | 8 |
View more > | tradit > |
What are the fees for buying and selling stocks?
Tradit is a zero commission broker so you won’t have any charges besides spread when buying and selling stocks. It does however charge rollover fees, which for shares is 0.055% of the overnight exposure.
Crypto
What cryptocurrency pairs can be traded on tradit?
The choice of cryptocurrencies on tradit is somewhat limited, especially when compared to other brokerage platforms. That being said, it is one of the few brokers that offers crypto CFDs. Let’s take a look at the cryptocurrencies you can trade on tradit:
Cryptocurrency | Cryptocurrency | Cryptocurrency |
---|---|---|
Bitcoin (BTC) | Ethereum (ETH) | Cardano (ADA) |
EOS (EOS) | NEO (NEO) | XRP (XRP) |
View more > | tradit > |
What are the fees for buying and selling cryptocurrencies?
When you buy and sell crypto on tradit you’ll only have to pay spreads and rollover fees if applicable. There is no commission for crypto transactions on tradit.
Does tradit offer staking and rewards?
No, tradit is a CFD broker which means you can speculate on the prices of cryptocurrencies without owning the underlying asset itself. It does not offer any staking or rewards.
Forex
What forex pairs can be traded on tradit?
There are approximately 50 forex pairs available to trade on tradit. This includes the majors like EUR/USD and a good choice of minors and exotics. A full list of which forex markets you can access on tradit can be found below.
Currency pair | Currency pair | Currency pair |
---|---|---|
EUR/USD | GBP/USD | USD/JPY |
USD/CHF | USD/CAD | AUD/USD |
NZD/USD | EUR/JPY | EUR/GBP |
GBP/CHF | GBP/CAD | CAD/JPY |
CHF/JPY | AUD/NZD | |
View more > | tradit > |
What are the minimum spreads for trading forex?
The minimum spreads on tradit for forex trading range between 0.5 – 0.8 pips. It’s important to remember that the smallest spreads are usually available on the biggest pairs. Spreads can significantly increase on less liquid markets and exotic pairs.
Commodities
What commodities can be traded on tradit?
You can trade all types of commodities on tradit including metals like gold and silver to agricultural markets like wheat and sugar. Here’s a look at which commodity CFDs you can trade on tradit.
Commodity | Commodity | Commodity |
---|---|---|
Gold | Silver | Brent oil |
Crude oil | Natural gas | Platinum |
Palladium | Zinc | Aluminium |
Soybeans | Sugar | Wheat |
View more > | tradit > |
What are the minimum spreads for trading commodities?
As mentioned earlier, tradit is a commission free brokerage firm, so you won’t pay any charges other than spread and rollover fees if applicable.
Deposits & withdrawals
4
What are the minimum & maximum deposits?
With tradit, you can deposit a minimum of $200 and a maximum of $10,000 per transaction. You can also choose from a range of payment options including debit or credit cards and a selection of e-wallets.
Payment method | Minimum deposit (USD)* | Maximum deposit (USD) |
---|---|---|
Debit/credit card | $200 | $10,000 |
Bank transfer | $50 | No Max |
Neteller | $200 | $15,000 |
Skrill | $200 | $15,000 |
View more > | tradit > |
What are the minimum and maximum withdrawals?
Like with deposits, the minimum and maximum you can withdraw are $200 and $10,000 respectively. Below is more information on withdrawals from tradit.
Payment method | Minimum withdrawal | Maximum withdrawal |
---|---|---|
Debit/credit card | $10 | $10,000 |
Bank transfer | $50 | No Max |
Neteller | $10 | $15,000 |
Skrill | $10 | $15,000 |
View more > | tradit > |
What are the deposit and withdrawal options fees, limits, and speeds?
Withdrawals are processed within 24 hours and the amount of time it takes for your funds to be returned depends on your bank or payment processor. These days, it is not uncommon for transactions to be processed immediately, so you’ll likely see your withdrawal very quickly.
Payment method | Withdrawal fee | Withdrawal speed |
---|---|---|
Debit/credit card | $0 | 1 – 3 days |
Bank transfer | $0 | 1 – 3 days |
Neteller | $0 | 1 – 3 days |
Skrill | $0 | 1 – 3 days |
View more > | tradit > |
Fees & costs
4.2
How do tradit fees work?
The fee structure on tradit is very clear, which makes a refreshing change from some brokers who can sometimes overcomplicate charges with lots of different fees. Tradit does not charge any commissions. You can find all of Tradit’s fees clearly on its website, or, use the table below where we’ve listed the main ones.
Fee | tradit fees | Plus500 fees | eToro fees |
---|---|---|---|
Trading fees | Yes | No | Yes, on certain assets |
Inactivity fees | Yes | Yes | Yes |
Rollover/overnight fees | Yes | Yes | Yes, on CFDs |
Withdrawal fees | No | No | Yes |
Spreads | Yes | Yes | Yes, on certain assets |
Conversion fees | Yes | Yes | Yes, for non-USD currencies |
View more > | tradit > | Plus500 > | eToro > |
What are tradit’s trading fees?
As mentioned earlier in the tradit review, the company does not charge any commissions for any of its markets, so the only trading fees you’ll pay are spreads and rollover if applicable.
Asset | tradit fees | Plus500 fees | eToro fees |
---|---|---|---|
Cryptocurrencies | Spread only | From 2% | 1% |
Commodities | Spread only | From 0.04% | From 2 pips |
Currencies | Spread only | From 0.8% | From 1 pip |
Indices | Spread only | From 0.7% | From 0.75 pts |
Stocks | Spread only | From 0.08% | 0% commission |
ETFs | Spread only | – | – |
View more > | tradit > | Plus500 > | eToro > |
Platforms & usability
4.2
What devices can I use tradit on?
You can access tradit on all devices including web browsers and mobile devices. There is a dedicated app for both iOS and Android. Tradit also uses its own proprietary trading software.
tradit mobile app review
The tradit mobile app is available for both iOS and Android devices and offers you a convenient way to manage your portfolio while on the go. The app features an intuitive interface that allows beginners to get the most out of the platform.
You can access all the major markets on the web based platform including forex, stocks, and cryptocurrencies. The app also supports one-click trading, which means you can respond quickly to market changes with minimal effort. There are also essential tools like charting options and price alerts, so you’ll always be on top of the markets.
Web trading platform
The most important question any user has is: How easy is it to use tradit?
Tradit’s web platform, known as Xcite, is designed for those who prefer to trade directly from their browse. The web platform offers a clean, easy-to-use interface that suits both beginner and advanced traders.
Like the mobile app, Xcite provides access to a wide range of markets, from forex and stocks to commodities and cryptocurrencies. It also integrates a customizable dashboard that lets you tailor your trading experience, showing the charts, data, and tools that you want to use.
Key features
There are lots of features and tools available across the tradit suite. Below, we’ve selected three key features of the tradit trading platform.
Trading signals
Tradit provides trading signals to help you identify potential market opportunities. These signals are generated based on technical analysis and market data, giving you insights into when to buy or sell. The signals are provided by market experts and can give you the confidence to make the best trading decisions.
Price alerts
Price alerts allow you to set alerts for specific price levels for the markets you’re interested in. When a particular asset hits your chosen price, you’ll receive a notification, allowing you to act quickly. This feature ensures that you never miss out on trading opportunities, even if you’re not actively monitoring the markets.
Economic calendar
The tradit economic calendar lists the market’s most important upcoming events, such as central bank meetings, earnings reports, and economic data releases. This feature helps you anticipate market volatility and plan your trades accordingly. Safety & reliability
Is tradit safe?
Yes, tradit is a safe broker to use and takes several measures to ensure the safety of your account and funds. It uses encryption to protect personal and financial data. It also uses secure servers and advanced authentication protocols like two-factor authentication to safeguard user accounts.
Is tradit regulated?
Yes, Tradit is regulated and authorized by the Malta Financial Services Authority (MFSA) under license code GMCP. This regulation means that the brokerage has to meet strict financial standards and operational practices, providing a higher level of security and accountability for its users.
Region | tradit regulators | Plus500 regulators | eToro regulators |
---|---|---|---|
Africa | – | FSA | – |
Asia | – | – | – |
Australasia | – | ASIC, FMA | ASIC |
Europe | MFSA | FCA, CySEC | FCA, CySEC |
International | – | – | – |
North America | – | – | FinCEN |
South America | – | – | – |
View more > | tradit > | Plus500 > | eToro > |
tradit customer support review
The customer support options on tradit are very good and there are several options available to contact support staf. The easiest way is to use its dedicated FAQ section where most questions you may have are answered. If that fails, you can email to use WhatsApp to speak with the tradit experts.
Support type | tradit customer support | Plus500 customer support | eToro customer support |
---|---|---|---|
Help Centre/FAQs | Yes | Yes | Yes |
Yes | Yes | Yes | |
Live chat | Yes | Yes | Yes |
No | Yes | Platinum, Platinum+, and Diamond members only | |
Telephone | No | No | No |
View more > | tradit > | Plus500 > | eToro > |
What are the risks of using tradit?
The main risk of using tradit is losing money, although this is largely down to your ability as a trader as opposed to the trading platform itself. Here’s a look at a few risks you should be aware of before using tradit.
- CFDs are risky instruments. Trading CFDs has become a popular way to speculate on financial markets over the past decade. However, CFDs are risky and you run the risk of losing your money if you don’t know what you’re doing.
- Leveraged trading is not recommended. Leverage is a way to boost your profits, but it also works the other way around and can magnify your losses. If you’re not careful, leverage can quickly wipe out your account.
- The cryptocurrency market is volatile. Tradit is one of the few brokerage firms that offers crypto CFDs to retail traders. While this is welcomed by many, it’s important to remember that crypto is volatile, and should be left to the experts.
Research & analysis tools
4.1
What trading tools are on offer?
There is a good choice of trading tools available on the tradit platform. This includes charts and charting tools, a dedicated news feed, fundamental analysis, and more. Below we’ve included some of the best research and analysis tools available with tradit.
Trading tool | tradit tools | Plus500 tools | eToro tools |
---|---|---|---|
Charts | Yes | Yes | Yes |
News feeds | No | Yes | Yes |
Analyst recommendations | Yes | Yes | Yes |
Fundamental analysis | Yes | Yes | No |
Financial calendar | No | Yes | Yes |
MetaTrader integration | No | No | No |
View more > | tradit > | Plus500 > | eToro > |
Customizable charts
With customizable charts, you can visualize market trends and price movements across various timeframes. These charts can be adjusted to display different types of data such as candlesticks, line charts, and bar charts, giving you flexibility in how you view and analyze market activity.
Technical analysis tools
Alongside customizable charts, tradit also offers a good choice of technical analysis tools including indicators like moving averages, RSI, and MACD. You can use these tools to help with market analysis, identify price patterns, and gauge momentum. There is also the option to add your own indicators, although this requires some coding knowledge.
Fundamental analysis tools
tradit offers access to fundamental analysis tools which help you view the market at a wider level. This includes company earnings reports, economic calendars, and news updates. These resources allow you to make decisions based on financial health and macroeconomic factors, rather than just price movements.
Education & learning resources
4.2
What educational resources are on offer?
There is a good selection of educational material on the tradit website including video tutorials, webinars, and walkthrough guides. These resources are designed to help new traders learn more about the markets. There are also guides on the platform itself, which we used during our testing to quickly get to grips with what’s available.
Educational resource | tradit resources | Plus500 resources | eToro resources |
---|---|---|---|
Demo/virtual account | No | Yes | Yes |
Video tutorials/webinars | Yes | Yes | Yes |
Walkthrough guides | Yes | Yes | Yes |
Copy trading | No | No | Yes |
Trading academy | Yes | Yes | Yes |
View more > | tradit > | Plus500 > | eToro > |
Guides
There is a comprehensive set of walkthrough guides on the tradit website. These are aimed at helping beginners navigate the platform and understand basic trading concepts. These guides cover a range of topics from setting up your account to placing your first trade. There is step by step instructions so the learning is straightforward and user friendly.
Video tutorials
If you’re a visual learner, then tradit’s video tutorials are the best place for you to learn more. These videos break down key trading strategies and platform features. These videos cover topics such as using technical indicators, understanding charts, and managing risk, making complex ideas easy to grasp.
webinars
Tradit also hosts regular webinars that allow viewers to learn directly from market experts. These live sessions cover a range of trading topics, including market analysis, trading strategies, and updates on current trends. Webinars are an excellent platform for you to learn more, and ask industry experts for tips and advice.
Our verdict
After testing and reviewing tradit, we believe it’s a solid choice for beginner traders. The platform is easy to use and combined with its access to a wide range of markets, makes it particularly suitable for those just starting out.
One of tradits best features is the inclusion of crypto CFDs. While the section is limited when compared to an exchange, for a CFD broker to offer these markets is a welcome addition. For those who are new to cryptocurrency trading, tradit makes it easy to enter the market without feeling overwhelmed.
Tradit has a lot to offer, it’s reliable, safe, and regulated brokerage firm that provides the tools, resources, and market access necessary for all levels of traders to succeed. If you’re looking for an intuitive platform to start your trading career, tradit is worth considering.
Who is tradit suitable for?
Thanks to its user-friendly trading platform and the inclusion of advanced tools, tradit is suitable for all types and levels of traders. Beginners can learn from its many educational features while experienced traders looking for a new platform can make use of its fast and reliable execution.
Is tradit good for beginners?
Yes, tradit is an excellent choice for beginners. At Invezz, we regularly review trading platforms and brokerage firms. Compared to similar services, tradit ranks highly for various criteria.
Our methodology
Helping people make better financial decisions is at the heart of our mission at Invezz.
We test each broker to provide clear, accessible guidance on the service it offers and how it compares to the 63+ other trading platforms we review. Testing is carried out by our panel of industry experts, analysts, and active traders who sign up to the platform, conduct research, and score the service.
To supplement our practical testing and experience, we research the service to gather any further relevant information and provide context to help you decide whether the broker is right for your investing needs. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works, and what doesn’t.
The trading platform is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.
We work closely with the individual brand to ensure all factual information displayed here is accurate. All data is then fact-checked by an independent reviewer. You can learn more about our expert panel and how we test, rate, and review platforms in our review process.
FAQs
Who owns tradit?
Tradit is a brand name of IFH Capital Trader Ltd, authorised and regulated by the Malta Financial Services Authority (MFSA) under license code GMCP.
How does tradit make money?
Tradit makes its money in various ways, although the main way is through spreads. Spread is the difference between the buy and sell price of an asset. Tradit marks up prices which is how it generates revenue.
Does tradit offer CFD trading?
Yes, tradit is a CFD trading platform and only offers CFD markets.
How do I delete my tradit account?
To delete your tradit account it is recommended to contact its customer service who will be able to guide you through the process.
Can I transfer from my tradit account into my PayPal account?
No, while tradit offers a good choice of deposit and withdrawal methods, PayPal is not currently supported.
Can I pay in cryptocurrency on tradit?
No, you cannot pay in cryptocurrency on tradit.
Does tradit offer bonuses?
Tradit may offer bonuses and promotions from time to time. It is best to regularly check the website for the most up to date information.
More trading platform reviews
Sources & references
Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.
Risk disclaimer
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >
Prash Raval
Financial Writer
- Forex
- Trading
- Stocks
- Investing
- Football