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Trade Action Forex Broker keeps up-to-date with the latest trading account information, including PREMIUM/ECN, STANDARD, MICRO maximum leverage of 1:100, trading varieties, and more
Rating Index
Pros
Offers a wide selection of trading instruments, including over 500 options across forex, CFDs, and cryptocurrencies.
Provides high leverage options of up to 1:500, which can appeal to experienced traders looking for greater exposure.
Supports a well-known trading platform, MetaTrader 4, which is popular among traders for its features and usability.
Cons
Completely unregulated, posing a significant risk to the safety of traders' funds and potentially leading to issues with withdrawals.
High minimum deposit requirement of $500 for the micro account, which may be prohibitive for beginner traders.
Numerous negative reviews and complaints about fraudulent activities and difficulty in withdrawing funds, raising serious concerns about the broker's legitimacy.
Trade Action broker Accounts
PREMIUM/ECN
Environment
--
Currency
--
Maximum Leverage
1:100
SupportedEA
Minimum Deposit
$10000
Minimum Spread
From 0.0
Depositing Method
--
Withdrawal Method
--
Minimum position
1
Commission
--
Products
44 Currency Pairs,4metals, Oil, Equities, And Indices, Bitcoin
STANDARD
Environment
--
Currency
--
Maximum Leverage
1:400
SupportedEA
Minimum Deposit
$1000
Minimum Spread
1.4-1.8
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
--
Products
44 Currency Pairs,4metals, Oil, Equities, & Indices, Bitcoin
MICRO
Environment
--
Currency
--
Maximum Leverage
1:500
SupportedEA
Minimum Deposit
$500
Minimum Spread
1.6-2.2
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
--
Products
44 Currency Pairs,4 metals, Oil, Equities, And Indices, Bitcoin
Trade Action Account Type
Trade Action offers various types of brokerage accounts tailored to meet the needs of different investors. The primary account types include cash accounts and margin accounts.
- Cash Accounts:
- Investors in cash accounts must pay the full amount for securities purchased, with no borrowing allowed.
- This type of account is ideal for those who prefer to limit their risk and avoid debt.
- Margin Accounts:
- Margin accounts allow investors to borrow funds from Trade Action to purchase securities, using the securities in their portfolio as collateral.
- This type of account provides greater purchasing power but comes with increased risk, as investors can lose more than their initial investment.
- Required Documents:
- Aadhaar card (proof of identity)
- PAN card (proof of identity)
- Latest bank statement with IFSC/MICR code and address (proof of address)
- Cancelled cheque (to link the bank account with the trading account)
- Account Opening Charges:
- Charges vary from broker to broker, so it's essential to check with Trade Action for specific details.
Trade Action Broker Account Opening Process
Opening a brokerage account with Trade Action is a straightforward process that typically takes 24 to 72 hours for activation. Here are the steps involved:
By following these steps and providing the necessary documentation, investors can successfully open an account with Trade Action and start trading.
Trade Action Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.
Trade Action accounts can be viewed for products that can be traded 44 Currency Pairs,4metals, Oil, Equities, And Indices, Bitcoin accounts with a minimum deposit of $10000 by (2+) --.