Based in Glasgow, TradeFCM is an unregulated broker that offers a portfolio of financial instruments for trading. The broker offers nearly 35 forex pairs, CFDs, futures, commodities, and shares for trading.
|Min. Deposit : 500 USD|
|Max. Leverage : 1:1000|
|Headquarters : United Kingdom|
Below, find a comprehensive TradeFCM review to determine whether it is safe to trade with the broker or not.
When it comes to picking a broker, it is highly recommended that you choose one that is duly regulated. This is where we found that TradeFCM is not regulated and hence, not very trustworthy. The broker claims that they have a presence in the United Kingdom, but they aren’t regulated or monitored by the UK’s leading regulatory body FCA. This implies that if you deal or trade through the broker, then you are essentially risking your funds.
Today, almost every reputed or reliable broker is supervised and regulated by trusted regulatory organizations such as the FCA, ASIC, MAS, CySEC, and others. Brokers that hold a license from one or more of these authorities are required to follow stringent rules and ensure the safety of client funds.
TradeFCM Trading Conditions and Platform
When it comes to choosing a broker, it is highly recommended that you opt for one that offers excellent trading conditions to its clients. With TradeFCM, you get the extremely popular and easy to use MetaTrader4 platform. With MT4 trading is swift, simple, and hassle-free. Traders can easily access the platform through their Windows, Mac OS, and Linux based devices. Apart from this, TradeFCM also enables traders to access the MetaTrader4 platform through iPad, iPhone, and Android-based mobile phones.
TradeFCM Trading Accounts
TradeFCM provides 4 different account types to its clients. Traders who are looking to carry out online trading through TradeFCM have the option of creating 4 different types of accounts, including the Mini account, with a minimum deposit of $500 and spreads starting from 1.6 pips. With this account, traders also get a welcome bonus of 30percent, whereas the maximum leverage is 1:1000.
The next account type offered by the broker is a Standard trading account with $1000 minimum deposit and spreads starting from 1 pip, 80% welcome bonus, and a maximum leverage of 1:1000.
The Gold account holders, on the other hand, need to deposit a minimum amount of 2000$ with spreads starting at 0.08 pips, 50% welcome bonus, and a maximum leverage of 1:1000. Finally, traders can also set up a Professional trading account with a $5000 minimum deposit and spreads starting with 0.06 pips and a maximum leverage of 1:1000.
Clients Fund Security
As TradeFCM is regulated , we are obliged to follow the client money rules in the Client Assets Sourcebook (CASS). The CASS rules require F to ensure a clear segregation between money belonging to retail clients and money that belongs to the firm. Retail client money is transferred to a segregated client money bank account held with a third party. TradeFCM only deposits client money with third parties that have a credit rating equivalent to the Credit Quality Step 5 rating. TradeFCM exercises all due diligence in the selection, appointment and periodic review of third parties.
4578 Marmora Road, Glasgow, D04 89GR