TradeFCM Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this TradeFCM Review.
TradeFCM has four types of live trading accounts, plus a free demo account for testing purposes. The main differences between the live accounts are the deposit requirements and the spreads.
The broker has a portfolio of 35 forex pairs, futures and CFDs.
The company. Security of funds
Company Country Regulation
Trade FCM UK N/A
TradeFCM is a forex broker that claims to be based in the UK, but is not regulated by the FCA. This means the broker is not required to abide by any regulations and requirements and dealing with it could be quite risky.
As a general rule we advise investors to trade only with properly regulated brokers, like the ones supervised and licensed by FCA, the Australian Securities and Investment Commission (ASIC) and the Monetary Authority of Singapore (MAS) who have a reputation of strict and demanding regulators. Usually the brokers under their supervision are stable and reliable, have sound policies and offer good client protection.
TradeFCM sticks to the familiar and offers the extremely popular MetaTrader 4 (MT4) trading platform.
For the more than 10 years of its existence MT4 has become the preferred trading platform by brokers and traders alike. It has numerous features and is user friendly. Furthermore it supports third-party add-ons, multiple types of orders and automated trading and provides many analysis and charting tools.
In its FAQ section TradeFCM says it offers bonuses to its clients, but we could not find any additional information on them.
TradeFCM offers a fairly standard fare when it comes to payment options. The broker accepts deposits through bank transfer, credit and debit card and the online payment systems Neteller, Skrill and Moneybookers.
TradeFCM is an unregulated broker that does not appear to offer very impressive trading conditions, except for maybe the leverage. On the other hand, such high leverage means a client can lose everything in just one trade. There is also the high deposit requirement, which is not very attractive. Neither is the portfolio which seems somewhat limited.
The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
TradeFCM Review Conclusion
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