Company TradeLTD: reliable broker or shadow player?
TradeLTD is an internet company that claims to be registered in the capital of Estonia, Tallinn, and is subject to regulation. However, the website lacks a license scan and its number. Additionally, the website itself was only created in 2019, raising questions about the company’s experience.
Trading opportunities at TradeLTD
- TradeLTD’s own platform, but caution is advised before installation.
- Mirror Trader platform, allowing for automatic copying of successful traders’ trades.
- RoboX for automated trading based on ready-made strategies.
- MetaTrader4 – a widely known trading platform recognized as a classic.
Trading is available in the stock market and the Forex currency market.
Choosing a trading account
TradeLTD offers 5 types of trading accounts with different conditions depending on the investment amount.
- STANDARD. Minimum investment – from $200. Leverage 1:100, spreads from 2.2 points. Commission – 50 cents per trade.
- SILVER. For accounts with funds from 1 to 5 thousand $. Leverage 1:200, spreads from 1.9 points. Promised cashback of $1 per lot within a month.
- GOLD. For investments from 5 to 25 thousand $. Leverage 1:200, spreads from 1.6 points. Cashback up to $3 per lot over two months of trading.
- PLATINUM. Minimum deposit amount – 25-50 thousand $. Leverage same as GOLD, spreads from 1.3 points. Cashback up to $5/lot for three months.
- VIP. Investments from 50 thousand $. Leverage 1:200, spreads from 0.9 points. Cashback up to $10/lot for six months.
Depositing and withdrawing funds
There are many options available for depositing and withdrawing funds, including bank cards, transfers, and e-wallets. The minimum withdrawal amount is $50 or euros, with no withdrawal fees. Funds are withdrawn to the same account from which the deposit was made.
Conclusion
TradeLTD presents questionable interest due to non-transparent address and lack of regulation. Despite a clear description of trading conditions and risks, the broker’s main drawbacks and risks remain.
Jakob
As a beginner in investing, my experience with TradeLTD has been quite impressive. Their platform is user-friendly and intuitive, making it straightforward to navigate even for a novice like me. The educational materials they provide are comprehensive and easy-to-understand, providing valuable guidance as I learn the ropes of trading. Their customer service is highly responsive and helpful, always ready to assist whenever I have questions or concerns. Moreover, the various trading tools and features available on their platform have been instrumental in enhancing my trading strategies. The speed of execution is fast and I have experienced very minimal trade slippage. However, I think they could do better in terms of their transaction fees. Nonetheless, I find TradeLTD to be a reliable and competent broker overall.