ANSWER Tradon is an unauthorized broker and should be avoided at all events. Tradon claims to be owned and operated by Ingenue Consulting LLC, a registered firm with St. Vincent and Grenadines Financial Service Authority (SVG FSA). However, SVG FSA does not regulate forex trading, which means only having registration with SVG FSA is not enough for brokers to do forex. This firm is merely a registered firm under no regulation. What's worse, the Spain CNMV and Italy CONSOB have successively added Tradon to the alert lists to warn the public that this firm is not authorised to provide the investment services in their countries. You can check the full alert or warning from CNMV and CONSOB via the hyperlinks.As per the evidences above, our conclusion is that Tradon is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders stay away from this broker and deal with licensed brokers.
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