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Forex Broker , bitcoin , forex , stock - Trendo

latest release: 2.5.42 ( 25th September 2021 ) last analysed  15th October 2021 Not a wallet Not functioning anymore
4.8 ★★★★★
4809 ratings
10 thousand
20th August 2020

Jump to verdict 

Do your own research!

Try out searching for "lost bitcoins", "stole my money" or "scammers" together with the wallet's name, even if you think the wallet is generally trustworthy. For all the bigger wallets you will find accusations. Make sure you understand why they were made and if you are comfortable with the provider's reaction.

If you find something we should include, you can create an issue or edit this analysis yourself and create a merge request for your changes.

The Analysis 

Update 2021-10-07: This app is not on Play Store anymore.

From its Google Play app summary:

500 + trading assets: From exchange-traded funds and indices to commodities and shares of the world’s most popular companies. Trade Tesla, Netflix, Facebook, gold, silver, oil and more.

It has no website domain to glean information from.

It is possible to deposit/withdraw in bitcoin, however clicking the deposit option from the app opens a browser with a url of api.trendofx.com. The first heading is labelled, “TrendoFx Crypto Payment Gateway”. This gives it a feel of actually paying the service, rather than transfering to a wallet the user controls.

Underneath the support option, it links to an iPhone version with a different name “Analise Forex & Stock”. We included it here for reference.

We determine this app to have no bitcoin wallet.


Verdict Explained

This appears to not be a product to receive and send money.

As part of our Methodology, we ask:

Is it a wallet? If not, we tag it No Wallet

If it’s called “wallet” but is actually only a portfolio tracker, we don’t look any deeper, assuming it is not meant to control funds. What has no funds, can’t lose your coins. It might still leak your financial history!

If you can buy Bitcoins with this app but only into another wallet, it’s not a wallet itself.

But we also ask:

Is the product still supported by the still existing provider? If not, we tag it Defunct!

Discontinued products or worse, products of providers that are not active anymore, are problematic, especially if they were not formerly reproducible and well audited to be self-custodial following open standards. If the provider hasn’t answered inquiries for a year but their server is still running or similar circumstances might get this verdict, too.