|Broker Type||Market Maker|
|Address||Suite 305, Griffith Corporate Centre, Beachmont,|
Kingstown, St. Vincent and the Grenadines
|Languages||EXISTING: English, French|
INCOMING: Italian, Arabic
|Trading Platforms||MetaTrader 5, MT5 WebTrader, MT5 for Mobile|
|Trading Platform Timezone||N/A|
|Web based trading||Yes|
|Other Trading Instrument||Commodities,Metals,CFD|
TradersHome Review Content:
- TradersHome Notable Feature/s
- TradersHome Advantages: Trading on the MT5
- TradersHome Registration
- No Demo Accounts
- TradersHome Deposit/Withdrawal Methods and Fees
- TradersHome Review: What do we think?
TradersHome Broker Review:
It is no doubt that TradersHome is new to the trading game since it was only established in 2018. Knowing that might make you think that this broker is in a difficult position, but that is not exactly the case.
Besides, TradersHome was able to make quite a name for itself. Just one year into operations and this broker has already gone global. Armed with the latest online trading technologies, TradersHome has been offering low-cost trading services in more than a hundred countries across the world.
Having over 250 products, this broker also enables clients to explore international markets in various asset classes such as currencies, commodities, stocks, and cryptocurrencies. Continue reading about TradersHome Review.
TradersHome Notable Feature/s
Standing out in the vast crowd of online brokerages is a must, and TradersHome is doing just that by offering the lowest spreads available in the market. Besides, this broker also provides quick access to a high liquidity order book for major currency pairs.
In regards to its platform, TradersHome makes sure that its clients will not have a hard time finding their way through it. However, this broker offers convenience utilizing multi-asset trading, which means you can trade currencies, shares, and derivatives, as well as for cryptocurrencies online using a single account.
Also, TradersHome guarantees that your funds are well-protected by keeping them separated from the company’s funds. Besides, its SSL-encrypted funding system also secures the confidentiality of your transactional information and keeps you safe from third parties.
Other notable features of TradersHome include:
- No Dealing Desk (NDD) Model
- Zero charges on Transactions & Withdrawals
- $5 Trillion Daily Trading Volume
- MetaTrader 5 (MT5) Client Terminal
- MT5 WebTrader
- Also available on Android and iOS-customed Trading App
- No Slippage, No Requotes
- In addition, you’ll get free Educational Tools & Market Analysis
TradersHome Advantages: Trading on the MT5
TradersHome offers its services on the latest MetaQuotes’ software, the MetaTrader5 (MT5). We always consider the availability of MT5 or its predecessor; MT4, as a significant advantage due to the new variety of desirable and efficient traits. Among them are the excellent charting, MQL5 programming language enabling traders to design and backtest their auto-trading bots or run ready-made ones.
Up to 1:400 in Leverage
Another possible advantage of TradersHome is the high leverage levels it offers, up to 1:400. Leverage ratios that high will suffice the needs of traders of all preferences and skill levels. Yet, keep in mind that many jurisdictions have capped the leverage available to retail clients to significantly lower levels. Also, this is due to the fact that higher leverage involves more significant risk.
Allegedly this broker is owned and operated by TradersHome Ltd., a firm registered in St. Vincent and the Grenadines (SVG). However, this is quite suspicious, as the offshore companies zone has to follow a straightforward and inexpensive registration procedure with the local Financial Services Authority (FSA).
As a matter of fact, the FSA has stated multiple times that there is no licensing regime for financial services providers registered on the SVG. This implies that traders are not guarded by authority and that their customers are exposed to dangers and fraud risks.
The absence of a valid permit to trade or any official license implies that the dealer isn’t qualified for work in any financial market. For example, the EU, Australia, or the US. In any case, it appears that TradersHome is unlawfully focusing on European traders and investors.
TradersHome Review: Blacklisted by the French Financial Regulator
We also discovered that the monetary supervisory authority of France, Authorité des Marchés Financiers (AMF), had given a warning against TradersHome as a potential trickster, which works on the French budgetary market without a permit.
Zero Lucidity on Exchanging Conditions
TradersHome doesn’t give a lot of insights concerning the exchanging condition they give. This is a distinct disadvantage that is very common among shady offshore brokerages. Also, Investors have the right to know all the costs of the administrations offered by the broker company, which implies commonplace spreads, and other information.
No Demo Accounts
Access to the trading platform of a brokerage through a demo account is highly valued by the forex community; as it shows transparency and is free. Therefore, we always consider a disadvantage when a broker does not offer free demo accounts.
TradersHome Deposit/Withdrawal Methods and Fees
Potential clients of the brokerage may deposit or withdraw via the standard Visa, MasterCard, Bank Wire, Western Union, and the e-wallets Neteller and Skrill.
In the terms and conditions of the brokerage, we couldn’t find any especially disturbing withdrawal provisions, nor were there any explicitly stated fees and charges. However, this should not be viewed as a guarantee.
Also, TradersHome has a tendency to come up with some unexpected fees once the clients have invested his or her funds. This is why we strongly advise traders to always only put up the required minimum deposit, instead of risking a bigger amount with no certainty. It’s better to be, careful than being sorry!
TradersHome Review: What do we think?
Besides, having the right financial instruments and a user-friendly platform, TradersHome has exhibited competent and consistent trading practices.
TradersHome’s low-cost offerings provide the experts of the trading field; also the newcomers the opportunity to trade in global markets. Trading currencies, stocks, and futures are also made easy by this broker via the MT5 platform.
However, before making any type of a decision, please make sure you’ve researched everything to make the best decision for you and your future!