Trade LTD – Is It Safe or a Scam?

| Publish date: 01/23/2020 (Last updated: March 24, 2020 01:21 PM)
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Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.

Trade LTD - DO NOT TRADE WITH THIS PROVIDER
2.6/10
$100
Minimum Deposit
X

updated 2020

Trade LTD has made a name for itself as a CFD Forex brokerage. With a seemingly enticing scheme with an offering of up to 4 accounts, an extensive variety of trading instruments, and a MetaTrader 4 platform, it’s no wonder a lot of traders have, at one point or another, considered going into business with this broker.

Sure, Trade LTD seems to have it all, but there’s just one problem: it’s not regulated. In fact, it does not even bother to disclose its licensure nor provide the regulatory body that it is registered with.

Try these regulated brokers if you want to start trading cryptocurrencies

Plus500 Review - Regulated broker
Europe's #1 CFD Trading Platform

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

Website URL: https://www.tradeltd.com/

Founded: 2017

Regulations: Not Regulated

Languages: English, Arabic, German, Italian, Russian, Spanish

Deposit Methods: VISA, MasterCard, Maestro, Skrill, Neteller, WebMoney, Bank Wire

Minimum Deposit: $250

Free Demo Account: No

Number of Assets: N/A

Types of Assets: Forex, CFD

Trading Accounts and Conditions

Trade LTD has made a name for itself as a CFD Forex brokerage. With a seemingly enticing scheme with an offering of up to 4 accounts, an extensive variety of trading instruments, and a MetaTrader 4 platform, it’s no wonder a lot of traders have, at one point or another, considered going into business with this broker.

Sure, Trade LTD seems to have it all, but there’s just one problem: it’s not regulated. In fact, it does not even bother to disclose its licensure nor provide the regulatory body that it is registered with.

Still, at $250 initial deposit and leverage of 1:200, we’re hoping that our initial research is wrong and that Trade LTD is actually a legit company worth opening an account with.

If you are just as curious as we are about Trade LTD, keep on reading our review about it below.

Trade LTD  – Advantages

Admittedly, Trade LTD is neatly packaged with benefits that include having MetaTrader4 as its trading platform, its solid leverage, the sheer variety of trading instruments that it offers, and the fact that it only requires $250 as starting deposit.

We briefly explain each of the advantages below:

MetaTrader4 as its trading platform

Experts in the trading field will tell you that the platform is a make or break criterion. In the same vein, they champion MetaTrader 4 and 5 as the only valid options these days.

It’s worth noting then that Trade LTD uses MetaTrader 4 as its platform, making it possible for its users to gain access to market indicators and various charting packages.

Solid leverage of 1:200

Another impressive thing about Trade LTD is that it has a leverage of 1:200. As most authorities in the trading world would tell you, this is a very solid ratio to work with. It’s not ridiculously high as to suit only those with an appetite for high risks, and it’s just enough to gain a conservative profit from this–it’s a fit for most trading approaches if you ask us.

Wide range of trading instruments

Trade LTD offers a wide variety of trading tools for its clients. Through it, you’ll be able to choose from a multitude of currency pairs and CFDs such as stocks, indices, commodities, and cryptocurrencies.

Requires $250 as a starting deposit

True enough, $250 seems to be the industry standard for a regular initial minimum deposit. However, seeing as most brokerages choose to exceed the suggested amount, we believe that Trade LTD is worth commending for their adherence to this directive. So, kudos to Trade LTD for this.

Trade LTD  – Disadvantages

With so many positive attributes to it, we’ve nearly convinced ourselves to open an account with Trade LTD. It’s just too bad that we’ve uncovered the disadvantages that we’ve listed below. First, we’ve verified that this is not indeed a regulated brokerage. We also don’t like the fact that it does not offer a free demo to interested traders. And finally, the spreads are quite high.

We explain each of these disadvantages below:

Not regulated

Trade LTD operates under an umbrella company called BUSHIDO TECHNOLOGIES OÜ. Although Trade LTD itself does not mention the regulatory body in charge of it on its website, we found out that its main company is registered in Estonia. However, we also discovered that its home base is in Austria. Naturally, our scam radar started tingling and we proceeded to uncover further details about this.

The result of our investigation: zip, zilch. This broker does not seem to be authorized anywhere, be it in Austria or Estonia.

But that’s not all, its trading platform available for download has been flagged by CONSOB, Italy’s financial regulator. If its affiliation and refusal to disclose its regulatory body are any indication, then we can say that Trade LTD is not a company that one should do business with.

Plus500
$100
Minimum Deposit

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

AvaTrade
$100
Minimum Deposit

The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.

 

No free demo

The truth is that we love demos, especially when it comes to demo accounts for trading. These give us a good look into the trading platform without fully committing our hard-earned money into the system. And so when we found out that Trade LTD does not offer traders a free demo, we had to wonder why. Plus, why would Trade LTD offer its trading platform MT4 for download on its website if it won’t offer a free demo?

We honestly don’t have the answer to these questions, and we’re just chalking this up as suspicious behavior on the part of Trade LTD.

Spreads are high

So without a demo account, we simply set to reading the spreads announced in Trade LTD’s website. What we found out is that it offers spreads that start from 2.5 pips for the EUR/USD pair, a little bit too steep for us and most traders, to be honest.

There are a lot more brokerages that offer spreads at half the amount of a pair, so we’d rather take our chances there.

To Sum Up Our Impression of Trade LTD

This is what our overall impression of Trade LTD is:

Conclusion 

The truth is that if we were to base this by the number, the pros outweigh the cons for Trade LTD. However, it should be noted that the implications of the disadvantages still carry the weight of the decision. And so we say that not having a proper regulatory body that oversees its operation still should be a major consideration. If you’re looking to explore your trading luck, it’s better to try some other brokerage that will not potentially run off with your money.

Trade LTD

2.6

User Experience

2.8/10

Payment Options

2.6/10

Security

2.8/10

Support

2.3/10

Reputation

2.6/10

Pros

  • MetaTrader4 as its trading platform
  • Solid leverage of 1:200
  • Wide range of trading instruments
  • Requires $250 as a starting deposit

Cons

  • No regulations
  • No free demo
  • Spreads are high

Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:

Plus500
$100
Minimum Deposit

Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

AvaTrade
$100
Minimum Deposit

The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.

eToro
$200
Minimum Deposit

eToro is a multi-asset platform which offers CFD and non CFD products. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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