Tradefcm General Information
| ๐ค Broker Name : | Tradefcm |
|---|---|
| ๐ Foundation Year : | 2017 |
| ๐ข Headquarters : | United Kingdom |
| ๐ Broker Type : | ECN/STP |
๐ต Tradefcm Minimum Deposit : | 500 USD |
| ๐น Maximum Leverage : | 1:1000 |
| ๐ฑ Base Currency : | USD, EUR |
Our Tradefcm Review
TradeFCM Overview: Is it safe to Trade with the Broker?
Based in Glasgow, TradeFCM is an unregulated broker that offers a portfolio of financial instruments for trading. The broker offers nearly 35 forex pairs, CFDs, futures, commodities, and shares for trading. Below, find a comprehensive TradeFCM review to determine whether it is safe to trade with the broker or not.
TradeFCM Trading Conditions and Platform
When it comes to choosing a broker, it is highly recommended that you opt for one that offers excellent trading conditions to its clients. With TradeFCM, you get the extremely popular and easy to use MetaTrader4 platform. With MT4 trading is swift, simple, and hassle-free. Traders can easily access the platform through their Windows, Mac OS, and Linux based devices. Apart from this, TradeFCM also enables traders to access the MetaTrader4 platform through iPad, iPhone, and Android-based mobile phones.
Aside from the MT4 platform, the broker also provides 4 different account types to its clients. Traders who are looking to carry out online trading through TradeFCM have the option of creating 4 different types of accounts, including the Mini account, with a minimum deposit of $500 and spreads starting from 1.6 pips. With this account, traders also get a welcome bonus of 30percent, whereas the maximum leverage is 1:1000.
The next account type offered by the broker is a Standard trading account with $1000 minimum deposit and spreads starting from 1 pip, 80% welcome bonus, and a maximum leverage of 1:1000.
The Gold account holders, on the other hand, need to deposit a minimum amount of 2000$ with spreads starting at 0.08 pips, 50% welcome bonus, and a maximum leverage of 1:1000. Finally, traders can also set up a Professional trading account with a $5000 minimum deposit and spreads starting with 0.06 pips and a maximum leverage of 1:1000.
Ttradefcm account types
Deposit and Withdrawals
It is equally important to choose a broker that offers quick and hassle-free methods of deposit. TradeFCM offers numerous methods of deposits such as:
- Wire transfer
- Barclaycard
- Visa
- MasterCard
- Neteller
- Skrill
- CashU
- WebMoney
Deposits are credited to the account instantly. However, withdrawals are processed within 24 hours of placing a request.
Regulations
When it comes to picking a broker, it is highly recommended that you choose one that is duly regulated. This is where we found that TradeFCM is not regulated and hence, not very trustworthy. The broker claims that they have a presence in the United Kingdom, but they arenโt regulated or monitored by the UKโs leading regulatory body FCA. This implies that if you deal or trade through the broker, then you are essentially risking your funds.
Today, almost every reputed or reliable broker is supervised and regulated by trusted regulatory organizations such as the FCA, ASIC, MAS, CySEC, and others. Brokers that hold a license from one or more of these authorities are required to follow stringent rules and ensure the safety of client funds.
Conclusion
Overall, we can say that TradeFCM is not a regulated broker and does not offer very impressive trading features, tools, and services. Even though, they offer a high leverage; it may cause a trader to lose his entire funds in just a few trades.
Trading Preference
| ๐ฐ Minimum Spreads : | 0.6 Pips |
|---|---|
| ๐ฎ Demo Account : | |
| ๐ Mini Account : | |
| โจ VIP Account : | |
| ๐ Segregated Account : | |
| โช๏ธ Islamic Account : | |
| ๐ Managed Account : |
Payment Options
| ๐ณ Deposit Methods : | Bank transfer, credit card, Skrill, Neteller |
|---|---|
| ๐ณ Withdrawal Methods : | Bank transfer, credit card, Skrill, Neteller |
Trading Features
| ๐ Trading Platforms : | MetaTrader 4 |
|---|---|
| ๐ฐ Fixed Spreads : | 0.6 Pips |
| ๐ Hedging : | |
| ๐ Scalping : | |
| ๐ฑ Mobile Trading : | |
| ๐ป Web Trading : | |
| ๐ฐ Trading News : |
Promotion
| ๐ No Deposit Bonus : | |
|---|---|
| ๐ Deposit Bonus : | |
| ๐ Other's Promotion : |
Get Latest Tradefcm Promotion
Contact Information
| ๐ Website : | |
|---|---|
| ๐ง E-mail : | [email protected] |
| โ๏ธ Telephone : | +44-2081337628 |
| ๐ฎ Address : | 4578 Marmora Road,GlasgowD04 89GR |