Traddoo
6.5

Traddoo

Discover Traddoo’s dynamic trading world – tailored account options, fair profit splits, and versatile trading styles for every trader.

Embark on an in-depth review of Traddoo, a prominent prop trading firm. Uncover the features, benefits, and challenges of trading with Traddoo, and learn how training programs like Asia Forex Mentor can enhance your trading success.

Embark on an in-depth review of Traddoo, a prominent prop trading firm. Uncover the features, benefits, and challenges of trading with Traddoo, and learn how training programs like Asia Forex Mentor can enhance your trading success.

Pros of Traddoo
  • Low Entry Barrier for New Traders.
  • Multiple Account Options Available.
  • Fair Profit Split Arrangements.
  • Flexible Trading Styles Supported.
  • Diverse Financial Instruments Offered.
Cons of Traddoo
  • Unavailable in OFAC Blacklisted Countries.
  • Lack of Call Center Support.
  • Mixed Customer Reviews.
  • Challenges in Evaluation Process.

Understanding Traddoo: A Comprehensive Overview

Traddoo, a proprietary trading firm based in the United States, operates within the confines of local legal guidelines, ensuring a safe and reliable trading environment. This prop firm distinguishes itself by offering two specialized account types to suit different trading preferences: the 1-phase challenge and the 2-phase challenge. With an accessible minimum deposit requirement of just $99, these accounts are an attractive choice for a wide range of traders.

Traddoo What is Traddoo?
Renowned as one of the most innovative players in the proprietary trading space, Traddoo operates on a profit-sharing model. The profit split ratio ranges from 80/20 to 75/25, varying with the account type and balance. Traddoo empowers traders with the choice of utilizing popular trading platforms like MetaTrader 4 and MetaTrader 5, praised for their reliability and ease of use. The firm’s trading portfolio is extensive, featuring over 100 assets including a variety of currencies, cryptocurrencies, stocks, indices, metals, and CFDs.

Traddoo offers flexible leverage options, tailored to the specific financial instrument being traded, with a cap of 1:30. The firm adopts a forward-thinking approach to trading, permitting activities like news trading, scalping, hedging, and the use of expert advisors. It’s important for traders to note that weekend trading is not an option with Traddoo.

In a strategic collaboration with Eightcap, Traddoo provides its users with a raw spread trading account. This arrangement is particularly advantageous as it allows direct access to the interbank market, eliminating trading fees, with traders only covering the spreads and broker’s charges.

Safety and Security at Traddoo: An In-Depth Analysis

The aspect of safety and security is a crucial concern for traders engaging with proprietary trading firms, and this is no different for Traddoo. Dumb Little Man has conducted thorough research into this area to provide a clear understanding of the security measures in place. Proprietary trading firms like Traddoo differ from traditional financial institutions in that they do not directly facilitate client trades in the interbank market. Instead, this role is undertaken by associated partner brokers, which is a critical point in understanding the regulatory landscape.

Traddoo’s legitimacy is initially established through its official registration in the United States. This provides a foundational level of trust and compliance. However, the more pivotal element in terms of security stems from its partnership with the broker Eightcap, which falls under the regulatory oversight of the Bahamas Securities Commission. This regulatory supervision ensures that Eightcap adheres to stringent operational standards, maintaining transparency and fulfilling its responsibilities, thereby creating a secure trading platform for Traddoo’s clientele.

While Traddoo’s association with a regulated entity like Eightcap contributes significantly to its overall security framework, it is pertinent to acknowledge that non-Bahamian residents may not have the same level of access to regional financial authorities. Nevertheless, the presence of a regulated broker in its operational model offers a considerable degree of assurance and safety for traders utilizing Traddoo’s services.

Traddoo Bonuses and Contests: A Gateway to Rewards

Traddoo extends an engaging array of bonuses and contests for its clients, offering them a platform to showcase their trading expertise while vying for attractive rewards. The process for participating in these contests is designed to be seamless, allowing traders to compete and aim for specific achievements.

traddoo Traddoo Bonuses and Contests
To enter the competition, traders need to set up an account with Traddoo and register for the upcoming contest. Once enrolled, they embark on what can be described as a thrilling trading competition. The goal is straightforward: achieve an 8% profit target without violating any rules. This not only puts traders’ skills to the test but also provides an opportunity to earn an exclusive discount as a reward. The prizes for top-performing traders are quite substantial.

The first-place winner receives a $200k Traddoo two-phase evaluation. Following closely are impressive evaluations for the second to fourth places, offering rewards of $100k, $50k, and $25k respectively in Traddoo’s two-phase evaluation process. Moreover, those ranking from fifth to tenth place also get their share of rewards, each qualifying for a $10k Traddoo two-phase evaluation. These incentives infuse a sense of competition into Traddoo’s trading environment, motivating traders to excel and capitalize on their trading prowess.

Traddoo Customer Reviews: A Balanced Perspective

The customer reviews for Traddoo on Trustpilot paint a nuanced picture, as evidenced by its average 3.3-star rating. This rating is often seen as subpar in the industry. A segment of the customer base has expressed high regard for Traddoo, particularly appreciating its low spreads and innovative features. Positive feedback often highlights the quality of Traddoo’s dashboard and the company’s efforts in launching unique initiatives, such as the Learn2Earn program. Despite some operational challenges, largely due to exploitation by certain users, these customers hold a favorable view of Traddoo, often crediting the firm’s founders for creating distinctive trading opportunities. Traddoo Traddoo Customer Reviews
Conversely, there is a noticeable portion of customer feedback that is starkly negative. These reviewers categorize Traddoo as a scam, primarily focusing their criticism on the Learn to Earn feature. Complaints range from allegations of higher-than-expected spreads to accusations of broken promises, such as failing participants in their evaluation tasks for trading accounts.

Furthermore, there are reports of what is perceived as untrustworthy practices, including sudden account deletions. This divergence in experiences indicates that while some users find Traddoo’s services beneficial, a significant number have encountered unsatisfactory experiences, contributing to its overall mediocre standing on Trustpilot.

Traddoo Commissions and Fees: A Close Look

The fee structure at Traddoo aligns with the typical practices found in proprietary trading firms. These firms, Traddoo included, often apply initial fees and charges for supplementary services. However, unlike conventional trading setups, prop firms such as Traddoo do not incur direct trading fees. This is because they are not involved in the process of bringing clients’ trades to the interbank market, a function that is handled by partner brokers like Eightcap, who are responsible for managing the spreads and fees.

It’s important for traders to understand that the spreads and trading fees at Traddoo may vary from those typically experienced when dealing directly with brokers. This difference stems from the unique agreements that prop traders like Traddoo have with their broker partners, which often leads to more favorable terms for their clients. Specifically, Traddoo’s 1-phase challenge and 2-phase challenge accounts both offer a minimum spread of $1.

A notable benefit of these account types is the absence of withdrawal commissions, adding to their financial attractiveness for traders. This fee policy is part of Traddoo’s commitment to providing a cost-efficient trading environment for its clients, reinforcing its dedication to making trading conditions as accessible and favorable as possible.

Traddoo Account Types: A Comprehensive Breakdown

Following in-depth research and evaluations by the experts at Dumb Little Man, here’s a clear and structured summary of the account types available at Traddoo:

Traddoo Traddoo Account Types

1-Phase Challenge Account

  • Minimum Deposit: $99
  • Balance Range: $10,000 to $400,000
  • Profit Target: 10%
  • Profit Split:
    • 75% for balances of $10,000 and $25,000
    • 80% for other amounts

2-Phase Challenge Account

  • Minimum Deposit: $99
  • Balance Range: $10,000 to $400,000
  • Profit Target:
    • 10% (Phase 1)
    • 5% (Phase 2)
  • Profit Split: 80% for all balance amounts

In both the 1-Phase and 2-Phase Challenge accounts, Traddoo offers traders the ability to manage multiple accounts simultaneously. It is crucial to be aware that an initial fee is applicable for each separate account. Additionally, participation in the challenge phase is a prerequisite for all new accounts. This diverse range of account options at Traddoo caters to a variety of trader preferences and strategies, ensuring flexibility and choice for its users.

How to Open an Account with Traddoo

Setting up an account with Traddoo is a streamlined process. Follow these steps to get started:

Traddoo Opening a Traddoo Account

  1. Go to Traddoo’s website and click on the “Get Funded” button.
  2. For those interested in the 2-phase challenge accounts, remain on the current page. If you’re opting for a 1-phase account, select “Programs” and choose the 1-Phase Evaluation.
  3. Review the terms of your selected account, pick a balance amount, and click “Get Started MT4” or “Get Started MT5” depending on your preference.
  4. If you wish to add any additional options, choose them and then click “Add to Cart”.
  5. In your cart, double-check the account conditions, and then proceed by clicking “Proceed to Checkout”.
  6. Fill in your personal and contact information, such as your name, country, address, phone number, and email.
  7. Select a payment method, which could be a bank card, crypto wallet, or online transfer, and then provide the necessary payment details.
  8. Agree to the terms of service and click “Place Order.” Follow the on-screen instructions to complete the payment process.
  9. Complete your personal data verification by uploading the required identification documents. Once verified, you can commence trading.

To learn more about the specifics of setting up an account with Traddoo, visit Traddoo’s official website for detailed instructions and further information.

Traddoo Customer Support: Ensuring Trader Satisfaction

Effective customer support is a cornerstone for any firm, particularly in the fast-paced trading sector where timely assistance is often crucial. Traddoo acknowledges this need and places a strong emphasis on offering efficient and prompt support services. As reported by Dumb Little Man, the role of Traddoo’s technical support team is especially critical, notably in handling requests for fund withdrawals.

Traddoo Traddoo Customer Support
Traddoo is committed to providing 24/7 professional support, ensuring that traders have access to help at any time, be it during weekends or night hours. This constant availability is crucial for maintaining trader confidence and satisfaction. The significance of high-quality support cannot be overstated; if a trader’s needs are not adequately met, they may consider switching to another firm. This highlights the vital role of customer service in retaining clients. Communication with Traddoo’s support team is facilitated through a variety of channels, including email, live chat, and Discord. This range of options allows traders to choose their preferred method of contact, ensuring they can readily obtain assistance and guidance whenever needed.

Traddoo Withdrawal Options: A Trader’s Guide

An extensive analysis by a trading expert at Dumb Little Man has revealed that the withdrawal options available at Traddoo are both straightforward and efficient. For traders who have registered, covered the initial fee, and successfully completed the challenge, the real trading begins. Successful trades result in earnings, with profit splits of 80/20, and 75% for 1-phase challenge accounts with balances between $10,000 and $25,000. Traddoo permits its traders to request withdrawals once every 30 days.

It is crucial to understand that more frequent withdrawals are not feasible. This policy is in place to ensure a well-structured financial flow for both the trader and the firm. Regarding the methods for withdrawal, Traddoo offers a variety of options, including Visa or MasterCard bank cards, Coinbase crypto wallets, PayPal, as well as Payoneer, Revolut, and Wise wallets. To initiate a withdrawal, traders are required to get in touch with the technical support team via email.

The processing time for these requests is usually a matter of a few days, which is a testament to Traddoo’s dedication to ensuring that its traders can access their earnings promptly and with minimal hassle. This approach underscores Traddoo’s commitment to facilitating a smooth and efficient withdrawal process for its trading partners.

Challenges Faced by Traders in Traddoo’s Challenge Program

Participating in Traddoo’s challenge program can be a demanding experience for traders, with several difficulties to navigate:

Psychological Pressure from Tight Deadlines

Traders often face substantial psychological stress due to the stringent deadlines in Traddoo’s challenges. This stress can adversely affect their decision-making abilities, potentially leading to suboptimal trading decisions. The requirement to meet specific criteria within a limited time frame poses a significant challenge, especially for newcomers to trading.

Limited Range of Trading Instruments

In certain challenges, Traddoo restricts the range of available trading instruments. This limitation can be problematic for traders who specialize in markets or assets not included in Traddoo’s challenges, as it hampers their ability to utilize their expertise and preferred trading strategies effectively.

Ensuring Consistency in Profitability

A critical challenge for traders is to maintain consistent profitability within the unique conditions of Traddoo’s challenge. The pressure to demonstrate profits within a specific period can lead traders to make impulsive decisions or deviate from their proven trading strategies, which can negatively impact their overall performance.

Adhering to Strict Risk Management Rules

Many traders find it challenging to adhere to the strict risk management regulations set forth in these challenges. Regulations such as mandatory stop-loss orders and caps on maximum daily losses can be particularly taxing for those accustomed to more flexible risk management approaches. This necessitates a careful balance between aggressive trading tactics and prudent risk control.

Strategies to Succeed in Traddoo’s Evaluation Process

Successfully navigating Traddoo’s Evaluation Process requires a well-thought-out approach, heavily focusing on the importance of engaging in a thorough training program. This foundational step is pivotal for developing the requisite skills and understanding needed to effectively tackle the challenges presented by Traddoo. For traders aiming to excel in this demanding evaluation phase, undergoing the right training can be a game-changer. It plays a crucial role in improving their trading acumen and honing their strategies, thereby significantly increasing their chances of success.

Asia Forex Mentor: A Premier Training Program for Traddoo’s Evaluation

For those preparing for Traddoo’s evaluation, Asia Forex Mentor is a standout recommendation by the trading experts at Dumb Little Man. This platform has gained a reputation for its effectiveness in aiding a multitude of traders to successfully pass evaluations for various proprietary trading firms. Founded by Ezekiel Chew, a recognized figure in forex trading with over 20 years of experience, Asia Forex Mentor offers more than typical training programs. It encapsulates Chew’s extensive trading knowledge in the acclaimed One Core Program, designed specifically to equip forex traders with the skills needed to achieve significant profits.

Traddoo Asia Forex Mentor – Rated Best Comprehensive Course Offering by Investopedia
The inception of Asia Forex Mentor can be traced back to Chew’s initial foray into trading instruction, which began informally with friends and eventually branched out online. His prowess and extensive experience form the foundation of the program, which has evolved into a sought-after resource for both budding and seasoned traders. The program’s online platform has broadened its reach, making it accessible to a wider audience. This expansion has been pivotal in providing essential insights and strategies, not only for those aiming to pass Traddoo’s evaluation but also for broader trading success.

How Asia Forex Mentor Can Facilitate Success in Traddoo’s Challenge

Asia Forex Mentor (AFM) is an invaluable tool for traders preparing to take on Traddoo’s Challenge, bolstered by several accolades that underscore its effectiveness and credibility: Traddoo How Could Asia Forex Mentor Help You Pass Traddoo’s Challenge?

  • Best Comprehensive Course Offering Award: AFM’s One Core Program has been highly commended by Investopedia, a leading financial content authority. The program was recognized as the most comprehensive forex course, reflecting its depth and breadth in covering forex trading.
  • Best Forex Trading Course for Beginners: Benzinga, a prominent financial, business, and stock market news site, has named the One Core Program as the top forex trading course. This accolade emphasizes the program’s adaptability for traders at all levels, from beginners to advanced, highlighting its universal appeal and efficacy.
  • Best Forex Mentor: The BestOnlineForexBroker website honored Asia Forex Mentor with the Best Forex Mentor award in 2021. This distinction speaks volumes about the program’s capability in guiding traders to achieve significant success in the forex market.
  • Top Forex Trading Course: In a thorough assessment of leading forex trading courses, Asia Forex Mentor stood out for its effective trading strategies and robust trading system.

These recognitions and awards serve as a testament to the quality and impact of AFM and its One Core Program. The program has consistently surpassed participant expectations, catering to both seasoned and novice traders. This proven track record of success positions Asia Forex Mentor as a powerful asset for those gearing up for Traddoo’s Challenge.

Asia Forex Mentor Members’ Testimonials: Impact on Trading Careers

The One Core Program by Asia Forex Mentor, spearheaded by Ezekiel Chew, has garnered enthusiastic testimonials from its members, emphasizing its significant impact on their forex trading endeavors. Traders who have engaged with the program consistently regard it as a pivotal investment in their forex journey. Prior to joining, many of these traders faced challenges in achieving steady returns.

Traddoo Asia Forex Mentor Members’ Testimonials
Members frequently commend the program’s comprehensive curriculum, which delves into trading fundamentals, technical analyses, strategies, and the psychological aspects of trading. This holistic approach has been instrumental in enhancing their understanding and application of trading concepts. The tangible results experienced by participants stand as a testament to the program’s efficacy. There are reports of remarkable returns, with some traders achieving profit margins of nearly 180% to 200% on smaller accounts.

This level of success has enabled numerous members to advance in their careers, with many transitioning into funded traders at well-known proprietary trading firms. These testimonials highlight the effectiveness of Ezekiel Chew’s strategies and techniques, not only in refining trading skills but also in aiding traders to make significant strides towards their goal of becoming funded professionals. The Asia Forex Mentor program is highly recommended across the board, by both novice and seasoned traders, underscoring its adaptability and potency in improving forex trading expertise.

Conclusion: A Comprehensive Traddoo Review

The assessment by the team at Dumb Little Man highlights that Traddoo presents several key benefits for traders. Its accessible entry point, a variety of account types, and equitable profit sharing are among the features that make it an appealing option for many traders. The firm also offers flexibility in trading approaches, access to a wide range of financial instruments, and the possibility of waiving certain constraints, enhancing its attractiveness. However, it’s crucial for traders to consider Traddoo’s limitations.

The lack of availability in OFAC blacklisted countries and the absence of call center support could be considerable drawbacks for some. Additionally, the mixed feedback from customers and the inherent difficulties in its evaluation process suggest that those interested in Traddoo should approach with a measure of caution and thorough research. For individuals contemplating a partnership with Traddoo, engaging in premier courses like Asia Forex Mentor can markedly boost the chances of successfully navigating Traddoo’s evaluation. Such training provides critical insights and strategies, refining trading skills and preparing traders for the unique challenges they might face with Traddoo.

Traddoo Details

Trading Platforms
Deposit Methods
Withdrawal Methods
Tradable instruments
Incorporation
Account Currencies
Brokers
Maximum Capital Allocation

Traddoo, a renowned proprietary trading firm, offers unique trading opportunities with low entry barriers and diverse account options, suitable for both novice and experienced traders.

6.0
Fees
7.0
Easy of Evolution
6.0
Trading Conditions
7.0
Profit Sharing Model
6.5 Overall Rating

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Traddoo
6.5/10
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