WikiFX

Sagot

In my assessment as a long-time trader, credibility is fundamentally about regulation, longevity, and clarity in operations. With Tradition, I noticed some significant positives that layout a foundation for trust. The company has been in operation for 15-20 years, which is uncommon for less reputable brokers. Even more important for me, Tradition is regulated by the Securities and Futures Commission (SFC) of Hong Kong, a robust regulatory body. This level of oversight offers a degree of client protection and operational scrutiny that I consider vital, particularly for brokers dealing in complex instruments like FX forwards and derivatives. That said, my experience also tells me to look for transparency in trading conditions, fees, and platform functionalities. Here, Tradition seems somewhat limited. While their TRADe platform and range of instruments are detailed, there’s less information available on specific trading costs, leverage options, or the finer details of account management. For traders who require high transparency or direct access to certain asset classes like stocks, indices, or cryptocurrencies, this lack of openness could be a concern. Overall, I would rate Tradition as a credible broker, primarily due to its regulation and longstanding business presence. However, I am cautious about the limited public details regarding trading conditions and platform specifics. For me, this means I would proceed with careful due diligence and possibly seek direct clarification from the broker before committing substantial capital.