Brief informationTRADELTD
The broker claims that the company was registered in the capital of Estonia, Tallinn, and is regulated. However, there is no license scan or its number on the site. And the Internet resource itself was made only in 2019. Reliable data on the more extensive real-life experience of TradeLTD is also not found.
There is no way to call on the Tallinn office to take a look at the documents either - the address on the official website is not provided. As for contacts, only a phone number, email and feedback form are provided. The site is collecting data: sending messages to TradeLTD is possible only with the email and phone number of a potential client. As a rule, basement brokers collect contacts of people interested in trading for further personal working over. Also, the database of the target audience can be resold.
4 trading platforms
- The broker has its own development of TradeLTD. However, if a broker provokes even the slightest doubts, downloading and installing its software is strongly discouraged.
- The broker has Mirror Trader platform, which allows you to automatically copy from excellent students - copy successful transactions of experienced players.
- RoboX is used for automated trading on ready-made strategies.
- MetaTrader4 is widely recognized and already classic option.
It is offered to trade in stocks or currency pairs on Forex.
Trading accounts
TradeLTD offers 5 options with a standard approach: the higher the investment, the more opportunities and services. All accounts have negative balance protection; a personal manager and access to training materials are provided. The broker also promises real-time webinars: one for a deposit of up to $ 1000 and several for larger ones.
STANDARD. It is available for replenishment from $ 200. It allows you to trade with a leverage of 1: 100 and spreads from 2.2 pips. Fixed commission: 50 cents per transaction.
SILVER. It is for a balance of 1-5 thousand $. It includes leverage of 1: 200, spreads from 1.9 p. Cashback appears: 1 dollar per lot for a month.
GOLD. It is required to deposit from 5 to 25 thousand $ into the account. The leverage is like in Silver, but the spreads are already from 1.6 p., and the refund is $ 3 per lot during the first two months of trading. Individual consultations on choosing a strategy, access to trading signals and in-depth market analysis are added.
PLATINUM. It is available with a replenishment of $ 25-50 thousand. The leverage is 1: 200, and the spreads are reduced to 1.3 pips. Cashback is 5 dollars per lot for three months. From this level it is possible to observe the trading of professionals in the Live Trading Room and additional advanced training.
VIP. Required deposit starts from $ 50 thousand. The broker could not increase the leverage, but it reduced the spreads to 0.9 p. And increased the cashback to $ 10 per lot for six months. In the trading volumes of 10 lots per month the broker provides EFX Plus bank forecasts.
Replenishment
A wide range of options: from bank cards and transfers to electronic wallets.
Withdrawal
It starts from 50 dollars or euros. There is no commission. Money is withdrawn to the same account from which the replenishment was made.
Conclusions
TradeLTD is a reference shadow broker that hides its addresses and has no regulation. It has minimum experience: it works only since 2019. The conditions and risks of trading are described clearly, but this cannot outweigh the main disadvantages and risks.
