MainTrade is an offshore broker based in the United Kingdom. MainTrade offers trading leverage up to 1:500 and requires a minimum deposit of $250. Detailed information about its trading operations is currently unavailable due to the inaccessible website. In addition, before considering trading with this broker, you should be aware that it lacks regulation.

Pros and Cons

Is MainTrade Legit?

　　MainTrade is not regulated by any major financial institution. It claims to be registered in the United Kingdom and to have obtained a license from the Financial Conduct Authority (FCA), but there is no authorized broker using the trading name or domain name 'MainTrade' in the FCA's database, further confirming the fraudulent nature of MainTrade.

Account Type

　　MainTrade offers four types of trading accounts: Standard, Silver, Gold, and VIP, but information regarding the minimum deposit requirement isn't provided.

Leverage

　　MainTrade offers leverage up to 1:500, which is fairly high in the industry. Furthermore, trading with such a high leverage poses high risks as well, especially with an unregulated broker like MainTrade.

Spread

Trading Platform

　　MainTrade only offers a web-based platform developed by themselves. Although this platform has the basic functionality for placing orders, it cannot compare to the comprehensive and advanced features offered by MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Deposit and Withdrawal

　　MainTrade offers multiple payment methods, including Paystudio, Coindeck, Gateway, Credit Card, Paypound, and ChargeMoney. However, MainTrade does not provide clear information regarding deposit and withdrawal fees.

Fees

　　MainTrade charges a steep annual management fee of $100 and a high inactive account fee of $50per month.