Place a Trade Forex Broker keeps up-to-date with the latest trading account information, including Standard account , Raw account maximum leverage of --, trading varieties, and more
Rating Index
Pros
Multiple trading instruments available, including forex, commodities, and cryptocurrencies.
Offers demo accounts for practice and familiarization with the trading platform.
Supports popular trading platforms such as MT4 and MT5.
Cons
No regulation, posing a significant risk to investors' funds.
Multiple warnings issued by financial authorities, indicating it may be a scam.
Withdrawal processes can be problematic, with many users reporting difficulties in accessing their funds.
Place a Trade broker Accounts
Standard account
Raw account
Place a Trade Account Type
Place a Trade offers two types of accounts to cater to different trading needs: Standard Account and Raw Account.
- Standard Account
- Spreads: From 1.5 pips
- Commission: No commission
- Minimum Deposit: $100
- Minimum Trade Size: 0.01 lots
- EAs Available: Yes
- Raw Account
- Spreads: From 0.5 pips
- Commission: $3.5 per standard lot traded
- Minimum Deposit: $100
- Minimum Trade Size: 0.01 lots
- EAs Available: Yes
Choose Your Account Type: Decide whether you want to open a Standard Account or a Raw Account based on your trading preferences.
Visit the Website: Go to the Place a Trade official website and navigate to the account opening section.
Complete the Application: Fill out the online application form with your personal details, including:
- Name
- Address
- Phone number
- Social Security Number (if applicable)
- Employment information
Verify Your Identity: You may need to provide identification documents to verify your identity.
Fund Your Account: After your account is approved, you can fund it through various methods, including electronic funds transfer or by writing a check.
Start Trading: Once your account is funded, you can begin trading on the platform.
These account types are designed to provide flexibility and competitive pricing for traders, whether they prefer fixed spreads or are looking for tighter spreads with a commission structure.
Place a Trade Broker Account Opening Process
Opening a brokerage account with Place a Trade is straightforward and can typically be completed online. Heres a step-by-step guide:
This process is designed to be quick and efficient, allowing you to start your trading journey with minimal delay.
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