Rating Index
Pros
Some users may find the trading platform user-friendly for basic trading activities.
The broker offers a variety of account types, which may appeal to different trading preferences.
Potentially high leverage options could attract experienced traders looking for significant market exposure.
Cons
4trade is unregulated, posing a significant risk to traders regarding the safety of their funds.
Numerous negative reviews and complaints indicate a lack of trust and potential scam-like behavior.
Withdrawal processes may be problematic, with reports of delays and difficulties in accessing funds.
4Trade broker Accounts
4Trade Account Types
4Trade offers a variety of account types tailored to meet the diverse needs of traders. The available accounts include:
- Pro Account
- Minimum Deposit: $50,000
- Minimum Monthly Volume: $2,520,000,000
- Available Base Currencies: USD, EUR, GBP
- Spreads: From 0.0 pips
- Maximum Leverage: 1:100
- Minimum Lots: 0.01
- Commissions: $3.5 per side per 100,000 traded
- Strategies Allowed: Scalper and EA allowed
- Standard Account
- Minimum Deposit: $100
- Minimum Monthly Volume: 0
- Available Base Currencies: USD, EUR, GBP
- Spreads: From 1
- Maximum Leverage: Dynamic leverage
- Minimum Lots: 0.01
- Commissions: 0 commissions
- Strategies Allowed: Scalper and EA allowed
- Institutional Account
- Designed for institutional traders or asset managers with features like customized trading conditions and dedicated support.
- Create Your Account: Visit the 4Trade website and select to create a live account.
- Verify Your Account: You will need to provide documentation for identity verification, including:
- A clear copy of a proof of identity (national ID card or international passport).
- A copy of a proof of residence (utility bill or bank statement not older than 3 months).
- Start Trading: Once your account is verified, you can fund your account and begin trading.
4Trade Broker Account Opening Process
Opening a broker account with 4Trade is a straightforward process. Here are the steps:
For more detailed information, you may refer to the official website: 4Trade.
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