Trade100 is a forex brokerage that has an offshore location address. Trade100.fm is the official page of this brokerage. They advertise themselves as “professional broker’s” willing to give traders support. The advantages of Trade100 are listed as:
Simplicity of trading process
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Trading on several accounts
Secured data transferring system
MT4 multifunctional trading platform
Trade100 broker is registered to Level Up Capital Ltd, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands. Trade100.fm gives news on trades as well.
Trade100 Trading Platform
The forex broker provides the MT4 trading platform for its Trade100 Trading Software. The MT4 is a user-friendly software that is popular among traders on forex. It trades on the EURUSD pairs with a 1.5 pips. There is no mention of the products these trades are on like CFDs.
Deposit and Withdrawal Methods
Trade100 website offers no information on the methods for making payments and withdrawing. All registered brokerages are to have this up to inform clients on which payment methods are licensed. There is also no information on minimum deposits and withdrawal charges.
This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine if this is a legit brokerage or not.
Is Trade100.fm Licensed
Because Trade100 is registered address is in an offshore location, it cannot own a legit license. Investors should be wary as offshore locations are becoming the hub of scam brokers.
To reach a customer care representative of Trade100, call: +44797833946 and email: firstname.lastname@example.org
Trade100 is in an offshore location where forex trades are not regulated and licensed. The lack of minimum deposits is fishy as well. It provides MT4 trading platform which is good.
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