LetsTrade Company

LetsTrade Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

LetsTrade Company was founded in 2014 in London, England, with the goal of providing a world-class trading experience for aspiring traders. The company aims to equip its users with the necessary skills to trade confidently in various financial markets.

Parent Company/Owning Structure

LetsTrade operates as part of the JFD Group, which includes several entities involved in trading and brokerage services. The parent company, JFD Group Ltd, is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).

Headquarters Location

The headquarters of LetsTrade is located at 40 Bloomsbury Way, London, United Kingdom, WC1A 2SE. This strategic location allows the company to operate effectively within the European financial landscape.

Global Business Scope

LetsTrade provides trading services to clients worldwide, focusing primarily on the European market. The company offers a variety of financial instruments, including Forex, CFDs, and stocks, catering to both retail and institutional clients.

Main Regulatory Bodies

The primary regulatory body overseeing LetsTrade is the Cyprus Securities and Exchange Commission (CySEC). Additionally, the company is affiliated with offshore entities that operate under different regulatory frameworks, which can pose potential risks for clients.

Back to top

2. Company History and Development

Key Milestones

Since its inception in 2014, LetsTrade has achieved several key milestones, including the establishment of a robust trading platform and the expansion of its service offerings. The company has undergone significant growth, both in terms of client base and trading volume.

Business Expansion Journey

LetsTrade has progressively expanded its operations, initially focusing on Forex trading and later incorporating CFDs, stocks, and other financial instruments. The company has made strategic partnerships to enhance its service portfolio and improve client access to global markets.

Customer Base Growth

Over the years, LetsTrade has attracted a diverse customer base, with thousands of traders using its platform. The company claims to have educated over 4 million students, emphasizing its commitment to providing quality trading education.

Platform Development History

The trading platform offered by LetsTrade has evolved significantly since its launch. Initially based on the popular MetaTrader 4 (MT4), the platform has integrated advanced trading tools and features to enhance user experience and trading efficiency.

Important Awards or Recognitions Received

LetsTrade has received various recognitions in the trading education space, including accreditation from the Continuing Professional Development (CPD) organization for its training programs. This acknowledgment underscores the company's dedication to delivering quality educational content.

Back to top

3. Trading Services Offered

Forex Trading Options

LetsTrade offers a comprehensive selection of Forex trading options, providing access to over 50 currency pairs. This diverse offering allows traders to engage in various trading strategies and capitalize on market fluctuations.

Stock Trading Options

The company provides a wide range of stock trading options, including notable companies across different sectors. This extensive selection enables clients to diversify their portfolios and explore investment opportunities in various markets.

CFD Trading Products

LetsTrade specializes in CFD trading, allowing clients to trade on price movements without owning the underlying assets. The company offers a variety of CFDs, including indices, commodities, and cryptocurrencies, catering to different trading preferences.

Other Financial Instruments

In addition to Forex and stocks, LetsTrade offers trading in commodities such as gold, silver, and crude oil. The company also provides access to cryptocurrencies, including Bitcoin, allowing clients to explore the rapidly growing digital asset market.

Special Services or Unique Advantages

LetsTrade distinguishes itself through its commitment to trader education, offering personalized mentoring, live weekly trading sessions, and proprietary software to assist traders in making informed decisions. The company emphasizes real-time market analysis and provides tools to help traders optimize their strategies.

Back to top

4. Regulatory and Legal Background

Detailed Regulatory Information

LetsTrade is primarily regulated by the Cyprus Securities and Exchange Commission (CySEC). The company operates under the license of JFD Group Ltd, which holds the license number 150/11. Additionally, it is associated with offshore entities that may have different regulatory requirements.

Legal Entity Structure by Region

In the UK, LetsTrade operates as LetsTrade.com Limited, registered under the company number 05628526. The companys offshore entity, JFD Overseas Ltd, is authorized by the Vanuatu Financial Services Commission, adding complexity to its regulatory landscape.

Client Fund Protection Measures

To protect client funds, LetsTrade adheres to strict regulatory requirements, including segregating client funds from operational funds. This practice ensures that clients' money is safeguarded in the event of financial difficulties faced by the company.

Countries/Regions Served

LetsTrade primarily serves clients in Europe but has a global reach, catering to traders from various countries. The companys regulatory affiliations allow it to operate in multiple jurisdictions, although clients should be aware of the varying levels of protection based on their location.

Compliance History

While LetsTrade has maintained its regulatory standing, potential clients should be aware of the warnings associated with its offshore operations. Regulatory bodies have flagged concerns regarding the legitimacy of some practices, urging caution when engaging with the company.

Back to top

5. Competitive Landscape

3-5 Main Competitors

LetsTrade operates in a competitive market with several key players, including:

1. eToro: Known for its social trading features and user-friendly platform.
2. IG Group: A well-established broker offering a wide range of financial instruments.
3. OANDA: Renowned for its Forex trading options and robust analytics tools.
4. Plus500: Specializes in CFDs with a focus on a simplified trading experience.

Positioning in the Industry

LetsTrade positions itself as a trader-centric company, emphasizing education and support. Its affiliation with the JFD Group adds credibility, but the presence of offshore entities may raise concerns for some traders.

Market Differentiation Factors

Key differentiators for LetsTrade include its commitment to trader education, personalized mentoring, and advanced trading tools. The company's focus on providing a comprehensive trading experience sets it apart from many competitors who may not prioritize educational resources.

Back to top

In conclusion, LetsTrade Company presents a multifaceted trading platform that caters to a diverse clientele. While it offers a wide range of financial instruments and educational resources, potential clients should carefully consider the regulatory implications and the associated risks of engaging with an entity linked to offshore operations. For those interested in learning more about LetsTrade and its services, further exploration of its offerings is recommended.