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Digitalization is changing scrap trading

Acces thousands of KYC reports on companies selling scrap materials every day. See what they sell, check how they score on material quality and trade integrity.

Directly asses a buyer when they connect. See how buyers do business and score on trustworthiness, trade integrity and how they handle payments.

Scrap trading KYC reports

Trust score

The Tradefox TrustScore is a calculated score that each scrap-related company receives. This TrustScore provides a reputation indicator for the respective company.

Reviews

Read reviews. Write reviews. Use all available information to assess companies before every trade. By giving reviews you’re helping make scrap trading safer.

Trade data

Trade Activity is a highly compelling section of the scrap KYC reports. We display a company’s sales volume, monthly trading figures and top trading partners.

Recover trading losses in 3 steps

Recover your funds from trade malpractice

As a Tradefox customer, you’re able to benefit from our Capital Recovery Service.
The experienced Capital Recovery Teams are located throughout the world to support your cases.

Capital recovery

Tradefox is trusted by 6,000+ companies Worldwide

Frequently Asked Questions - Scrap metal

The answer to this question depends on several key factors, such as quantity, quality, location, and price. These factors can vary greatly from day to day. Supply and demand determine some of these factors. And then it’s also important who you do business with. If money is involved, a lot can happen, and not always in a positive sense. It is therefore very important to be well informed. Information about a scrap trading company or their reputation says a lot about the way they do business. After all, there are other parties that have experience with scrap metal trading. Always try to use the experiences of others to avoid major risks when buying scrap metal. It’s better to be sure that the key factors are in order, before you do business with a specific scrap trading company. We deal daily with companies that have done business with a trading partner who is fraudulent or has delivered poor quality. In these cases, it becomes difficult to recover our capital.

There are hundreds of different types of scrap metal on the market. Some are more popular than others. This is often reflected in the price per unit. At Tradefox, you can search by a category of scrap, such as Ferrous, Aluminum, Copper, or Lead. Additionally, you can also search in detail for materials like HMS2, Molybdenum, ISRI Honey, or PET. If you combine this with a country/location and the type of company, for example, sellers, you quickly arrive at a shortlist of interesting trading partners.

Scrap Metal: This is a broad term that refers to any discarded metal that can be recycled and repurposed. It includes metals like iron, steel, aluminum, brass, and many others. Scrap metal can come from various sources, including old vehicles, construction debris, and household appliances.

Copper Scrap: This specifically refers to discarded or leftover copper. Copper is a reddish-brown non-ferrous metal that is highly conductive and malleable. Copper scrap can come from sources like old plumbing pipes, electrical wires, and roofing materials.

There are also differences in terms of value, applications and environmental impact of recycling these materials, but for this information we kindly refer to our blog.

Scrap metal prices differ per minute, so we can’t provide a specific price. However it’s important to know what factors influence these prices day by day.

Supply and Demand: If there’s a high demand for a particular metal and limited supply, the price will likely be higher.

Quality: Pure metals or those free from contaminants will fetch a higher price.

Geographical Location: Prices can vary based on where you are selling the metal.

World Events: Economic downturns, trade wars, or other global events can affect metal prices. Recycling rates: If more people are recycling, there might be an oversupply of metal, which can drive prices down.

When choosing a scrap metal trading company or scrap yard, it’s essential to consider several factors to ensure you make an informed and optimal decision. Some of the most important things are:

  1. Reputation and Credibility: Research the dealer’s reputation through reviews and testimonials.
  2. Licensing and Certification: Ensure they are licensed and adhere to industry standards.
  3. Pricing: Compare prices but also consider service quality.
  4. Type of Metals Accepted: Confirm the yard accepts your specific metal.
  5. Equipment and Facilities: Opt for yards with modern machinery for efficient processing.
  6. Location: Consider proximity to reduce transportation costs.
  7. Environmental Practices: Choose yards that follow eco-friendly practices.
  8. Payment Methods: Check for convenient payment options.
  9. Customer Service: Prioritize knowledgeable and friendly staff.
  10. Transparency: Ensure clarity in weighing methods and pricing.


By focusing on these key points, you’ll be better equipped to make an informed decision when choosing a scrap metal trading company.

Scrap metal - Trade Reputation Reports

“But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it?

“But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it?

How Tradefox is being used

Trader / Broker

To minimize risks in key aspects of scrap trading, a KYC report is consulted and saved for each scrap trade, containing the latest company reputation information and trading data. The saved reports can be compared to see changes.

Buyer

Buyers normally use the scrap KYC reports as a starting point for every new deal. Pull up a report before new trades and check actual trade reputations. This is also beneficial when you collaborate with a trader. 

Seller / producer

Next to having a good visible reputation within the industry, the scrap KYC reports contain important information about payment reliability and integrity. Are payment terms or verbal agreements upheld?

This is how to:

Tradefox company search

Find specific companies by opening up the “Companies” category in the top navigation after you logged in. Entering their company name in the search bar and click on the company name to open up the due diligence report. Sign up or Sign in now!

Open up the “Companies” category in the top navigation. Take a look at the Filters on the left side of the company database and choose a “material category” a “country” and the “type of company” you’re looking for. The database lines up all companies available on these filters.

Once you found the right company you can unlock a Trade Reputation Report by clicking on the Name of the company or click the “see details” link. If you have a paid plan the full Trade Reputation Report opens up.

Review all your trades anonymously to bring more trust to the scrap trading industry. To leave a:

  • Trust review – Simply go to the companies profile page and click the “leave a review” button.
  • Trade review – On the left side of your dashboard you’ll find your “Pending Trade Reviews”, click on the link “Review” to do so completely anonymous.

Our Tradefox TrustScore algoritm and database visibility is partly based on the number of reviews that a profile has. Therefore we created the option to request a review in bulk or seperately.

On the left side of your dashboard you’ll find the “Request trade feedback” box where you can choose a company or request them all at once.

Top features, loved by our users

Trade Reputation Reports

Use our Trade Reputation Reports for your due diligence tasks and open up new possibilities in trading with international partners all over the world. Minimize financial risk by consulting the trust and trade reviews of the companies you are thinking about. Be sure to check your scrap trading partners before every new trade.

Trade History Data

With the available trade data, you gain insight into the trading activity of a company. In addition to how many trades have taken place in the last two years, the reports also show the average number of trades per month. There is an overview of the top 5 trading partners and a detailed overview of all trades of a company.

Capital Recovery Service

As a Tradefox customer, you’re able to benefit from our Capital Recovery Service.
The experienced Capital Recovery teams are located throughout the world to support your cases.