Rating Index
Pros
High leverage options available, allowing for potentially significant returns.
User-friendly trading platform, such as MetaTrader 4, which is popular among traders.
Diverse range of trading instruments, including forex, commodities, and cryptocurrencies.
Cons
Unregulated status raises significant concerns about the safety of funds and potential for scams.
Negative customer reviews and experiences indicate a high likelihood of withdrawal issues and delays.
High minimum deposit requirements and fees associated with inactivity can deter new traders.
Trade Center broker Accounts
Trade Center Account Type
Trade Center, Inc. offers a variety of trading account types to cater to different investor needs. The minimum account size starts at over $10,000, with base commission rates ranging from $14 to $16. The account types include:
- Full Service Account: Provides comprehensive support and personalized service.
- Online Full Service Account: Similar to the full service account but managed online.
- Premium Service Account: Offers enhanced features and services for serious investors.
- Phone (Touch Tone) Discount Broker Account: Allows trading via phone with discounted rates.
- Online Discount Broker Account: A cost-effective option for self-directed investors.
- Choose Your Account Type: Select the type of account that suits your trading needs (e.g., full service, online discount).
- Complete the Application: You can open an account manually by printing, signing, and returning the forms by mail, or you can request the forms to be sent to you via post or overnight mail.
- Provide Required Information: Fill in personal information including your full name, physical and mailing addresses, social security number, and tax filing status.
- Submit Documents: Upload or send any required identification documents, such as a valid drivers license or passport.
- Fund Your Account: Once your application is approved, you can fund your account through bank transfers, checks, or other accepted methods.
- Start Trading: After funding, you can begin trading using the platform provided by Trade Center.
The types of trades available include options, futures, cash markets, indices, and forex. Customers can access their accounts online, via telephone, or through a broker. Trade Center provides 24-hour customer support and allows various order types, including stop, limit, and stop limit orders without extra charges.
Trade Center Broker Account Opening Process
Opening an account with Trade Center is straightforward. Heres the step-by-step process:
For more detailed information on opening an account, visit Trade Center.
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