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TradinBull Review | Personal Mentor to Guide you in the World of Finance or a Scam?

by Kevin Berry
Rating: 
  1/5   Reviews: 3
TradinBull - logo

TradinBull promises to be your personal mentor to guide you in the world of finance. However, the question is, will this broker be a good or bad influence? Many reviews suggest that it may be a scam, and we can’t help but agree. In this review, we’ll explain why you should be cautious before trusting them with your investments.

Highlights

🏛️ Country Singapore
⚠️ Regulation
🖥️ Website https://tradinbull.com/
🎲 Demo Account No
⏳ Start Time 2022
💲 Minimum Deposit €250
⚖️ Minimum and Maximum Leverage 1:1 – 1:500
⚙️ Trading Platform WebTrader
📨 E-mail support@tradinbull.com
📞 Phone
  • UK+442081575596
  • BE +32460244042
  • SG +6531290656

First Impression of Tradinbull.com

TradinBull’s official website doesn’t make a great first impression. The dull blue color scheme, bland charts in the background, and standard inserts don’t add any uniqueness to the platform. Unfortunately, TradinBull makes the same mistake as most brokers by literally praising themselves and their services from the very first page. Something tells us that all these statements will turn out to be fake.

TradinBull - website

Account Opening on Tradinbull.com

Well, at least the registration form for this broker looks like something unique. Or maybe we just haven’t come across its counterparts in the lineup. However, let’s hope for the best. Opening an account on the TradinBull platform is pretty straightforward. And that’s very strange. In fact, all you need to do is fill out a small questionnaire with personal information. Even the email and phone numbers are not verified. Meanwhile, guys, we knew a few Singaporean brokers. And opening an account with them is a real headache. You will need to open an account in a Singaporean bank first. Next, you’ll need to fill out almost a million papers in advance. And with TradinBull, all you need is to fill out one form. And voila, you’re already in your personal account.

Registration

By the way, the Client Portal is combined with the terminal here. All the functions are standard. Nothing is interesting.

TradinBull - Client Portal

Verification

Verification can be done in the Verification Center section. All requirements are standard. You simply need to upload copies of documents confirming your identity and address of residence. The broker also requires proof of payment. For this, you will need to provide a copy of your credit card on both sides. By the way, they don’t even mention that you should cover important details such as the CVV code.

Pros
  • Convenient document upload.
Cons
  • Require a photo of the card.

Trading Software

The next disappointment on the list is the terminal. It seems that the creators of TradinBull don’t know much about trading software. They claim that you can trade in MetaTrader, but in reality, you will find a web trader from TradingView in your Client Portal. There is even a logo, seriously. There is also no way to download the platform. The web version is the only thing available on the site.

Features TradinBull WiseCryptoCapital  MTCapitals
Demo Account ❌️
Mobile App
Own Development

How Can I Trade With TradinBull?

It seems like the broker likes to embellish information about themselves. Most likely, its trading conditions are ordinary.

All Info About Accounts

TradinBull offers three types of accounts: Micro, Standard, and Premium. Minimum deposits are 250, 500, and 1000 euros respectively. The leverage also increases with the account type, up to 1:500 for the premium account. Personalized service is available for premium account holders. And all accounts come with a personal manager. Spreads can be floating or fixed, depending on the account and trading instrument. However, TradinBull only offers CFD trading and does not have a demo account.

Pros
  • Low minimum deposit.
Cons
  • High leverage
  • Dubious additional services.

Market Analysis and Education With Tradinbull.com

The broker seems to offer technical analysis education and even some signals, but not for beginners. Only Standard account holders receive signals, and technical analysis is reserved for Premium clients. However, there is no detailed information about these services. Traders are only told that TradinBulls has the best analysts and qualified specialists on their team. However, there is no evidence of their qualifications.

Deposit, Withdrawal, and Fees

Remember how the broker requires verification by providing a photo of your card? Now take a look at the ways you can deposit money. It’s ridiculous, isn’t it? TradinBull only allows you to fund your account with cryptocurrency, but requires you to take a photo of your card for some reason.

Deposit methods

Features TradinBulls FxPro  Vantage
Debit/Credit Cards ✔️ ✔️
Electronic Payments ✔️
Crypto Transfers ✔️
Deposit Fee
Withdrawal Fee ✔️

How Can I Contact It?

The broker has provided complete contact information. You can contact support via phone or email. However, we doubt that their office address is genuine. Most likely, you will find a completely different company there.

Pros
  • Complete contact information.
Cons
  • The office address is likely fake.

Is TradinBull Dangerous?

Well, it’s time to move on to the most important part of our review. We will provide you with a couple of proofs that working with TradinBull is fraught with a complete loss of your deposit.

How Long Does The Broker Work?

So, the company Tandem X PTE LTD, which the broker calls its manager, has been operating since 2021. This cannot be said about TradinBull itself. Checking the domain showed us that it was created on August 24, 2022. Not a very solid track record for a broker, is it?

Domain info

How Is TradinBull Regulated?

Now, Tandem X is indeed registered in Singapore. However, do you know on which registry it is not included? In the registry of licensed forex and CFD brokers. Moreover, its main line of activities is not brokerage services, but business consulting. You probably understand where we are heading. TradinBull is posing as another company. Tandem X does exist. Here is their website tandem-x.com. And as you can see, they are engaged in completely non-financial services. If you need professionals in team building, for example, then you know who to contact. Just don’t contact TradinBull if you want to try trading in the financial markets.

Tandem X

Features TradinBull Tradercr  Overton Partners LTD
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

How to Trade With Tradiull?

You'll need to register with the company. Once you have an account, you can fund it with cryptocurrency and start trading.

Is TradinBull Legit?

No, TradinBull has been found to misrepresent itself as another company, Tandem X, which is a business consulting firm based in Singapore. So, the «broker» operates without a license.

How Risky Is It?

The lack of licensing, misrepresentation of its identity, and use of only cryptocurrency for funding suggest that the company is not operating within legal and ethical bounds. So, trading with TradinBull will be extra risky.
Kevin Berry
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Expert Opinion

TradinBull is like that friend who always talks a big game but can never seem to follow through. I mean, have you seen their website? Some of the links don’t even work, and this thing’s been around longer than my grandma’s antique vase. If you’re looking to download their trading terminal or find out who their official sponsor is, good luck with that. In all seriousness, though, this company is definitely not one to trust with your cash.

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Tradiull rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

3 reviews about Tradiull

Sam April 6, 2023 - 19:47
The conditions are terrible, and the broker itself does not look reliable.
The level of trust

My friend, who is still a novice in trading, asked me to evaluate this brokerage company. I immediately realized that the firm is fake and provides fake licenses and lies about almost everything. There is also no demo account type here, which is very strange. But what was even more strange for me was that I couldn’t find any information about what trading platform is used here and how it works. It’s definitely not Metatrader. It should be noted that the commission is not clear here, either. And the spreads are only written as “from,” meaning the value can be whatever they want. The contract specification is also not provided so that you can see the spread in real-time. So I told my friend that the broker is a fake and gave him a list of normal companies that are definitely not fakes.

Reply
Kaan April 15, 2023 - 12:19
All traders lose money here
The level of trust
Quick withdrawal of funds
Efficiency of technical support

TradinBull is a shady, fake brokerage organization that operates as a dealing desk. As an experienced trader, I do not recommend or advise opening a brokerage account here because you will lose your money. And I especially do not recommend listening to these scammers who will try to sell you their additional services. They may tell you that you will be a mega-successful and profitable trader, or that you will quickly earn yourself a million dollars.
Take, for example, expert support. I understand that this is an analog of an individual/personal manager who should help you trade, provide analytics, give advice on which trades to open. However, have you ever thought about why these analysts, for example, do not trade for themselves, using their skills and abilities? Have you ever thought about it? Why do they need to help a bunch of traders with small deposits if they supposedly should earn millions on the market? Because these analysts don’t know anything. And their main task is to prevent you from making a profit, to confuse you so that you lose your money.

Reply
Julie wade October 5, 2023 - 12:21
Scamers based in Nigeria

DO NOT DEAL WITH TRADINBULL

They are based in Nigeria not Singapore

They are criminals and will steal your money

Reply

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