Latest update: We updated this report on April 23, 2024. The Swiss police warning has been deleted.
The offshore broker Tredero is apparently a scheme controlled through Cyprus. Officially, Tredero is operated by Oneprime Ltd, which has a dealer/broker license from FSC Mauritius. However, payments are processed through Cyprus-based MIW Solutions Ltd. Tredero also accepts clients from Canada or the EEA regions and offers a leverage of up to 1:500. We discovered ShinePays as a payment gateway for credit/debit cards, SWIFT, e-wallets, and crypto.
Tredero Key Data
| Trading names | Tredero |
| Business activity | Offshore forex and CFD broker |
| Domain | https://tredero.co |
| Legal entities | Oneprime Ltd MIW Solutions LTD |
| Jurisdictions | Mauritius, Cyprus |
| Authorization | FSC Mauritius with license number GB20025316 |
| Leverage | up to 1:500 |
| Related individuals | Simon Bolvig Mark (LinkedIn) |
| Payment options | Credit/debit card, SWIFT, e-wallets, crypto |
| Payment processors | ShinePays, Interkassa, LetKnowPay, Virarosi, VirtualPay |
| Warnings |
Short Narrative
Tredero has focused on customers in Asia, South America, Africa, and Europe. The offshore broker also accepts clients from EEA countries, although sensitive countries such as Germany, Austria, and France are not accepted.
As a payment gateway, we have discovered the anonymous ShinePays, through which customers can make deposits via credit/debit cards, SWIFT, Crypto, or e-wallets.
Compliance Check
We think Tredero is a Cypriot broker scheme, as indicated by the payment agent MIW Solutions Ltd in Limassol.
Tredero solicits clients from regulatory regimes worldwide with a Securities Dealer license from FSC Mauritius without having a license for each. For example, the scheme accepts residents from the Baltic countries, Finland, Sweden, the Netherlands, Portugal, and some other jurisdictions in the EU. However, Tredero is not authorized to offer financial services in these regulatory regimes.
In fact, according to Similarweb, from October to December 2022, a significant portion of the approximately 278,000 website visitors came from EEA countries.
Tredero offers a maximum leverage of 1:500, which violates regulatory requirements in most jurisdictions. Furthermore, Tredero accepts pre-KYC deposits in theoretically unlimited amounts via Crypto, which also violates regulatory requirements.
Clients of offshore brokers like Tredero are not entitled to investor compensation schemes or assistance from Financial Ombudsman Services. You should, therefore, avoid this additional risk as a trader or investor, especially in the high-risk sector.
Share Information
If you have any information about Tredero, its operators, and its facilitators, please let us know via our whistleblower system, Whistle42.
That is a peculiar article as to me. I actually heard of this broker and even noticed some reviews, but haven’t encountered any complaints about the platform, so idk..
I can agree that this is not the best broker out there and it isn’t proclaimed to be the top-ranked one, but after glancing at its conditions, they seem favorable.