The broker has five main types of live trading accounts, plus the option for a swap-free Islamic account for each type. There is also a free demo account.
The Company. Security of Funds
Company Country Regulation
Traders TFX Seychelles No
TraderstFX is yet another unregulated offshore forex broker. It claims it “acts in full compliance with European and international legislation and regulation standards” and says it believes that honesty is the best policy, but dealing with an unregulated broker is very risky.
Not that the fully regulated brokers are always honest, as we have very recently seen with FXCM, but it is always a better idea to do business with regulated brokers. Even if they are dishonest, there is the consolation that they will be punished. We recommend brokers, regulated by, for example UK’s FCA or the Australian Securities and Investment Commission (ASIC).
TraderstFX offers MetaTrader 4 (MT4) (desktop, web and mobile versions), which is the most popular trading platform among forex brokers and traders alike. It is a multiasset platform that has been around for over 10 years.
MT4 is stable and reliable, has many functions, offers API connectivity, supports PAMM and MAMM functionality and has a wide selection of technical analysis and charting tools. It is also user-friendly and supports Expert Advisors and automated trading.
TraderstFX hands out free Samsung tablets to “all new registered clients”. They, naturally, must complete a set of deposit and trading requirements.
Our check revealed that it would be definitely cheaper to just buy a Samsung tablet, instead of trying to complete the broker’s deposit and trading requirements, plus paying for shipping and customs fees.
Methods of payment
TraderstFX has a long list of account funding methods. The broker accepts client deposits through bank transfer, credit and debit cards and the online payment systems CashU, PaySafe Card, WebMoney, Yandex Money, Moneta, Skrill and China Union Pay.
TraderstFX is one of the hundreds unregulated offshore forex brokers under the sun. It has somewhat better trading conditions than many others, in terms of leverage and minimum deposit. The tight floating spreads spreads + commissions model, however, could be rather tricky, especially when the broker does not give more specific details.
TraderstFX Review Conclusion
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