Broker Review: TradingTeck
Licensing and Regulation
TradingTeck guarantees all traders segregated accounts, real time market prices, and a high degree of privacy. The brokerage makes use of the latest encryption and security protocols. TradingTeck is owned by SecVision Limited, operating under license number: 25781 BC 2020
TradingTeck welcomes traders from most countries around the world and maintains a corporate office in Beachmont, Kingstown, Saint Vincent and the Grenadines.
Account Management - Minimum Deposit
Traders can open a Basic Account at TradingTeck with just $250.
Traders are protected by the latest encryption and security technology and TradingTeck guarantees their privacy, security and statutory rights. TradingTeck also holds all client funds in segregated accounts.
TradingTeck is a fast growing brokerage that already has a wide loyal client base. There are six different account types and it’s easy to get upgrades. It’s worth building a good relationship with your account manager because they are highly experienced and keen to help. The Daily Analysis videos, Daily Market Review, Live Market Summary and Financial News are professionally compiled and are genuinely useful for trading. We also liked the Economic Calendar and Financial Calculator. TradingTeck offers a high quality online trading experience and has a good range of assets. The education center is well designed, and general feedback from online traders is positive.
TradingTeck provides excellent mobile and desktop platforms. Their clever use of technology puts them on a par with bigger top tier brokerages. Traders have all the usual platform features, including risk management tools, one-click order execution, live charts and signals.
Markets, Assets and Products
TradingTeck offers a good choice of Forex, Cryptocurrencies, Stocks, Commodities and Indices, with over 1,000 assets. They update the asset index regularly, adding new instruments all the time. We hope to see ETFs and bonds at TradingTeck before too long.
We were generally impressed by the TradingTeck education center. They seem to have invested some time and resources into creating useful learning tools for traders. There are plenty of good webinars, e-books, video tutorials and other educational materials, as well as a full glossary and FAQs. The education center is good for new traders and experienced investors.
Customer Service and Support
Customer service at TradingTeck is slightly above average, with 24/6 availability. The reps are helpful enough, but don’t have much trading experience. But traders can opt for an account package that allows them to work closely with an experienced account manager. All the reps have a reasonable knowledge of the broker’s own systems and technology and there was no significant waiting time to be dealt with.
The platforms contain some useful trading tools and the data feeds and charts are good. We particularly liked the daily reports and market emails. These were helpful and focused on relevant assets and financial news. The daily, weekly and monthly signals can also help you to stay one step ahead of the markets.
At a Glance
PLUS: TradingTeck has some great technology but isn’t over-complicated. The overall trading experience is very smooth and the platforms are easy to navigate. We liked the vibe at TradingTeck and their attitude to clients. The brokerage is modern, forward thinking, and offers enough assets to satisfy the average trader.
MINUS: TradingTeck doesn’t accept traders from certain countries. If you’re based in the US or Canada, you’ll need to find another broker.