Save time and money on acquiring new trading partners

Conducting Due Diligence and Verifying Credentials
Of course, having personal conversations, preferably face-to-face, is very important when establishing new trading partners. However, you can already do a lot remotely and likely more than you think. The entire due diligence process has never been easier. We have already verified the company information for you. All company reputation reports contain data provided by the companies themselves and verified by our staff. Meanwhile, we are also busy validating data through reputable KYB/market intelligence partners.

Verify References
Tradefox gives you inside access to actual user experiences trading with scrap trading companies. Our verified users provide transparent feedback on over 5 key factors: Integrity, Claims Handling, Making Payments, Quality of Material, and Shipping Procedures.

Assess Experience
Tradefox has a database of more than 157,000 companies active in the scrap trading industry. Within our company reputation reports, there is a section with information about the trading history of the scrap trading company. More than 40% of the scrap trading company profiles in our database possess this information.

Increases your trading
Because these actions can now be done remotely and you need to spend much less time and effort determining if a prospective trading partner is reliable, you save time that can amount to days and money. In most cases, even thousands of dollars. Time and money you can invest much better in more trades.

Optimize your margins

The Tradefox TrustScore is the most important metric to increase your visibility within our system as one of the top scoring companies on the quality and handling of your transactions. Many of our buyers like to do business with companies like yours. They are looking for good quality and reliability and know you pay more for that. Instead of constant price negotiations, it’s about trust. This is a great opportunity for you to do direct business with serious buyers who are mainly looking for quality and quantity.

Eliminate financial risks of scrap trading

The Tradefox TrustScore is a handy indicator for a quick analysis of a scrap trading company. There are various variables that Tradefox takes into account to arrive at a score. The two most important variables that make up the Tradefox TrustScore are the Trust Review score and the Trade Review score. Within the latter, factors like integrity in doing business, quality of materials, how claims are handled, whether payment agreements are met, and if the shipping process is handled properly are considered.

The higher the Tradefox TrustScore, the better the company conducts its business.

Tradefox Capital Recovery Service

When you use and consult the company reputation reports as the basis for your decisions, the chance of having disappointing transactions is small. If something still happens that you don’t agree with and the counterparty fails to deliver, we can offer you the Tradefox Capital Recovery service. In collaboration with Atradius, one of the largest players in this field, we can recover the value of your investment. This is done based on hard evidence that you need to provide and can be applied retroactively.