Launched in November 2016, TraderVC is advertised as a “Forex and CFD” brokerage, but by the looks of things, it is really focused on binary options and CFDs. The operator is a new one, and unfortunately, it is not regulated, nor licensed/registered with any of the national regulatory agencies that handle such matters.
The brokerage offers a rather standard selection of tradable assets and trade-types, and they have a rather decent reputation, with most of the community chiming in positively on their services.
Who is Behind TraderVC?
The company behind the operation is BetaTech Ltd, based in London, UK, at 5-37 Ludgate Hill, London, EC4M 7JN. The About Us section of the website – although it exists – is not to keen to divulge any relevant information. The same can be said about the Contact page of the operation, which does offer a few email addresses, like email@example.com and firstname.lastname@example.org, in addition to some phone numbers. We have +442080683537 for the UK, +27511110011 for South Africa, +85230183477 for Hong Kong and +4578730529 for Denmark – among others.
The TraderVC Offer
The platform used by TraderVC is the Panda Trading System one, which is visually pleasing and rather easy to make heads and tails of, even for beginners. The trading platform can be viewed in action at the website, though actual trades cannot be placed through this feature, as there isn’t an actual demo mode available without registration. The platform can be explored though.
There’s a massive selection of currency pairs, indices, stocks and commodities available as underlying assets. As far as trade-types go, we’re looking at regular High/Low, One Touch, Range, and Hyper options (these feature expiries starting from 30 seconds). Every piece of information pertaining to the trade one is about to place, is displayed handily. This includes the expiry, the asset price evolution graph, the expected return, as well as a trader trend tool, which provides a clue about the preferences of the other traders in regards to the given asset.
TraderVC Account Types
Four account types are offered at TraderVC, beginning with the Starter one, on which the minimum required deposit is $250. This account offers access to all the platforms and main features of the brokerage, as well as to basic training, an account manager and video tutorials.
In addition to the above, the Pro account offers trading signals, trading alerts and various bonuses, too.
The Premium account is the one currently bearing the “hot offer” tag. In addition to everything delivered by the Pro account, it throws a free trade into the mix every month.
The Executive account is at the top of the TraderVC account pyramid. It does not seem to offer a whole lot on top of the Premium account though, with the exception of Expert training, and an Executive Broker acting as the account manager.
TraderVC has been growing fast in popularity since May 2017. Their Alexa rank was 498,034 at the time of writing (August 2017). Most of their traffic comes from South Africa, Switzerland, Germany, United Kingdom, Netherlands and Israel.
TraderVC seems to be a more than decent destination for the trading of CFDs, but as said above, it is not regulated. That issue hangs quite heavily in our balance when deciding whether or not to recommend an online brokerage.
What is your experience with TraderVC?