Islero Information Islero is a broker without regulation. It was founded in the previous year in Mauritius. It provides competitive trading conditions, with leverage up to 1:500 and cheap spreads starting at 0.1 pip. Its unregulated status makes it unsafe.Pros and Cons ProsCons Low cost with pread from just 0.1 pipsUnregulated Super fast order executionsNot supporting MT4 platform Trade 5 types of instruments 24/7 customer support and expert assistanceIs Islero Legit? Islero is unregulated with its domain registered on December 23, 2017. Furthermore, notable regulatory bodies like the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK do not oversee Islero.What Can I Trade on Islero? A variety of trading products are available from Islero, such as CFDs on stocks, commodities, indices, Forex, and cryptocurrencies. However, bond CFDs are not available. Tradable InstrumentsSupported Forex Trade✔ Commodities✔ Stocks CFDs✔ Indices✔ Cryptocurrency CFDs✔ Bond CFDs❌Account Type The broker offers three types of live trading accounts: Pro Account , Elite Account, and Islero Premium Account. Each account is different to its individual trading preferences and funding needs. Account TypeLeverageMin DepositCommissions Pro AccountUp to 1:500$0$0.00 Elite AccountUp to 1:500$0$6.00 Islero Premium AccountUp to 1:200$5,000$0.00Leverage Islero offers leverage up to 1:500 to help traders increase the size of their investments in the market. While high leverage can bring substantial gains, it also increases the risk of losses.Islero Fees Islero spreads Islero's Pro Account offers floating spreads, while both the Elite and Premium accounts feature raw spreads starting from 0. This spread structure can accommodate traders with different strategies and needs.Trading Platform The Islero platform supports the MT5 trading system, which allows mobile devices and desktop systems (including Windows and macOS). The platform offers advanced analytical tools and fast execution features, making it particularly suitable for experienced traders. Trading PlatformSupportedAvailable DevicesSuitable for MT5✔Mobile and Desktop（Windows&macOS）Experienced Trader MT4❌Mobile and Desktop（Windows&macOS）Beginner Tradingweb Platform❌Windows, Web Browser, Android, MAC, iOSHigh-volume Traders, Scalpers, and RobotsDeposit and Withdrawal Deposit requirements at Islero differ depending on the kind of account; for Pro and Elite Accounts, the minimum deposit is$0; for the Islero Premium Account, it is $5,000.Customer Service The broker provides 24/7 customer support. If you have any questions, you can contact them via phone, email and live chat. Contact OptionsDetails Phone+23055091810 Emailsupport@islerocap.com Online ChatAvailable Physical AddressVieux Conseil Street 4th Floor, Les Jamalacs Building, Port Louis, MauritiusThe Bottom Line Islero is an unregulated broker with less than a year of experience, which is not safe. It is a good choice for experienced traders because of its low spreads from 0.1 pips and high leverage of up to 1:500.FAQs Is Islero good for beginners? Islero offers Pro and Elite Accounts with no minimum deposit, making it accessible for beginners. Is Islero good for day trading? Yes, Islero provides competitive low spreads and high leverage, which can benefit day traders looking for quick execution and cost-effective trades. Is it safe to trade with Islero? No, trading with Islero carries risks due to its unregulated status and limited operational history.Risk Warning Online trading is risky and not for everyone. Please understand the risks and notice that information may change.