Tradevo Account Types & How to Open

Tradevo, the retail-facing brand of XS Markets Ltd, presents a deliberately simple two-tier account structure: a RAW Account and a Standard Account. On the surface, this looks like the familiar industry pattern of a low-spread, commission-based execution model versus a more conventional spread-only model. But for a broker that only came into existence in January 2023, the real story is not the menu — it is what sits behind it.

We cross-checked the corporate registration against the Cyprus registry and the CySEC public register. The firm is registered at Agiou Andreou, 365, Efstathiou Court, 2nd Floor, Office 201, 3035, Limassol, Cyprus, and holds a single CySEC licence (no 412/22) for a Forex Execution License (STP). That licence number is the anchor for everything else in this review. It is also the reason the maximum leverage on both accounts is capped at 1:30 — the standard retail limit under ESMA rules for Cyprus-licensed brokers. If you are based in the EU/EEA, that cap is not a choice; it is a regulatory floor.

Our records show no employee count on file, which is unusual but not necessarily alarming for a newly registered entity. What matters more for a trader is whether the account terms are transparent and whether the execution model matches the promise. In this section, we break down each account tier, what it costs, and who it is actually designed for.

The RAW Account is positioned as the broker's premium offering, with a minimum deposit of EUR 500 and a commission of $3.00 per lot per side. The headline feature is a minimum spread from 0.0 pips — a figure that, in practice, means raw interbank pricing with a small markup that may not always be zero. For active traders who scalp or hold positions for minutes, this structure can be more cost-effective than a spread-only account, provided the execution is clean and the spread stays tight during volatile sessions.

However, the 1:30 leverage cap applies here just as it does to the Standard Account. That means a EUR 500 deposit gives you a maximum notional position of around EUR 15,000 — enough for a few standard lots on major pairs, but not the kind of firepower that aggressive scalpers on offshore platforms are used to. The commission of $3.00 per lot per side is within the normal range for STP/ECN-style accounts, though it is not the cheapest on the market. We would note that the minimum spread is quoted as 'from 0.0', which is a marketing-style figure; actual spreads will vary by market conditions and liquidity provider.

This account is best suited to traders who are comfortable with a higher minimum deposit and who understand that the real cost of trading is the combination of spread plus commission. If you are a news trader or a scalper, the RAW Account could be a reasonable fit — but only if the broker's execution quality lives up to the 'raw' label. We have no independent execution data to verify that, so treat the '0.0' as an aspiration rather than a guarantee.

The Standard Account lowers the entry barrier to EUR 200 and removes commissions entirely, with a minimum spread from 0.7 pips. This is a classic retail-friendly setup: you pay for the trade through the spread, and the broker's revenue is built into that markup. For a trader who holds positions for hours or days, the difference between 0.0 and 0.7 pips is often negligible compared to the commission saved — especially if you are trading smaller sizes.

The EUR 200 minimum deposit is a more accessible starting point for beginners, and the absence of a per-lot commission makes it easier to calculate costs in advance. However, the 1:30 leverage cap still applies, so your buying power is limited relative to what you might find at an unregulated offshore broker. That is a deliberate trade-off: lower leverage reduces the risk of catastrophic losses, which is a genuine protection for inexperienced traders.

In our assessment, the Standard Account is the more sensible choice for most retail traders, particularly those who are new to forex or who trade infrequently. The 0.7 pip minimum spread is competitive for a spread-only account, though again, 'from 0.7' is a best-case figure. We would caution that the actual spread on major pairs like EUR/USD will often be higher during news events or illiquid hours, so do not assume you will always get 0.7 pips.

Both accounts are capped at a maximum leverage of 1:30. This is not a broker choice — it is a direct consequence of the CySEC licence and ESMA regulations that apply to all EU-regulated brokers. For a Cyprus-licensed firm, offering leverage above 1:30 to retail clients would be a regulatory violation. That is a positive sign for trader protection, but it also means that traders looking for high leverage will need to look elsewhere.

We should be clear: 1:30 is not inherently 'bad'. It is a prudent limit that prevents the kind of account blow-ups that happen when traders use 1:500 or 1:1000 leverage. However, it does change the risk-reward profile of your trading. A 1% adverse move in a currency pair wipes out 30% of your margin at 1:30, compared to 10% at 1:100. If you are used to high leverage, you will need to adjust your position sizing accordingly.

For traders outside the EU, the situation may be different. CySEC rules apply to EU clients, but the broker may offer different terms to clients in other jurisdictions — though our records do not indicate any such variation. We would advise any non-EU trader to confirm the applicable leverage with the broker before opening an account, and to be wary if they are offered terms that seem to bypass the regulatory cap.

Tradevo lists a product range of 40+ FX pairs, 10+ indices, 5+ commodities, and 100+ shares. This is a reasonably broad offering for a new broker, though the exact number of instruments is not specified beyond the '+'. For a retail trader, the key question is not just how many instruments are available, but whether the major ones you care about are there — EUR/USD, GBP/USD, gold, oil, the S&P 500, and a selection of popular stocks.

We do not have a full instrument list from our records, so we cannot confirm whether specific assets like Tesla or Bitcoin are available. The '100+ shares' suggests a decent equity offering, but the actual list may be limited by the liquidity providers the broker uses. We would recommend checking the broker's website or platform for the full list before funding an account.

One notable absence in our records is any mention of cryptocurrencies as a separate asset class. If you are a crypto trader, you may be disappointed — though some brokers offer crypto CFDs under 'commodities' or 'other'. We cannot confirm that from the known facts, so treat this as an open question.

Our records do not specify which trading platform Tradevo offers. Given the STP execution model and the typical profile of a Cyprus-licensed broker, it is highly likely that MetaTrader 4 or MetaTrader 5 is used, but we cannot confirm that without more information. This is a significant gap in our knowledge, because the platform is the trader's primary interface — and a poor platform can undermine even the best account terms.

We would advise any prospective trader to verify the platform availability before opening an account. If the broker offers only a proprietary web platform, that could be a red flag, as most reputable brokers support MT4/MT5. The STP model suggests that the broker routes orders directly to liquidity providers, which is generally positive for execution quality, but we have no independent data on slippage or requotes.

In FXCanary's assessment, the lack of platform information in our records is a caution point. It is not unusual for a new broker to be vague about such details, but it is something you should clarify directly with the broker before committing funds.

Our records show no deposit or withdrawal methods on file for Tradevo. This is a notable omission, as the ability to fund and withdraw your account easily is a fundamental part of the trading experience. We cannot confirm whether the broker supports bank transfers, credit/debit cards, e-wallets like Skrill or Neteller, or any other method. This lack of transparency is a concern, though it may simply reflect the early stage of the broker's operations.

Similarly, we have no information on withdrawal processing times or fees. For a new broker, withdrawal delays are a common complaint, so we would urge caution until you have verified the process. A good test is to make a small deposit and then request a withdrawal before trading with larger sums.

On the cost side, the only disclosed fees are the commission on the RAW Account ($3.00 per lot per side) and the spread on the Standard Account (from 0.7 pips). There may be other fees, such as swap rates or inactivity fees, but these are not in our records. We recommend reading the broker's terms and conditions carefully, and asking their support team directly about any additional charges.

We do not have specific details on Tradevo's account-opening process, but as a CySEC-regulated broker, it is required to perform full Know Your Customer (KYC) checks. This means you will need to provide proof of identity (passport or national ID) and proof of address (utility bill or bank statement). The process is typically done online, with document upload and verification taking anywhere from a few hours to a couple of days.

Given the broker's recent founding, we would expect the onboarding to be digital-first, but we cannot confirm the exact steps. We also do not know whether a demo account is available. For a new broker, a demo account is a valuable tool for testing the platform and execution without risking real money. If Tradevo does not offer a demo, that would be a significant drawback.

We would advise any trader to start with the minimum deposit on the Standard Account (EUR 200) and test the withdrawal process early. This is a prudent approach for any broker, but especially for one with limited public information. If the KYC process is smooth and withdrawals are processed without issue, that builds confidence; if not, you have limited your exposure.

Tradevo offers a straightforward, regulation-friendly account lineup that is clearly designed to appeal to retail traders within the EU/EEA. The RAW Account is aimed at active traders who want tight spreads and are willing to pay a commission, while the Standard Account is a more accessible option for beginners. The 1:30 leverage cap is a regulatory necessity, not a marketing choice, and it should be seen as a protective feature rather than a limitation.

However, our review is tempered by the significant gaps in public information. We have no confirmed platform, no deposit/withdrawal methods, no demo account details, and no independent execution data. For a broker that has been operating for less than a year, this is not unusual, but it means that traders are essentially flying blind until they test the service themselves.

In FXCanary's assessment, Tradevo is a 'Guarded' proposition — not an obvious scam, but not a broker we can wholeheartedly recommend without more evidence. If you are considering opening an account, we suggest starting small, verifying every detail with the broker's support team, and keeping a close eye on how your withdrawal requests are handled. The regulatory licence is a positive signal, but it is only one piece of the puzzle.