MeinTrade Forex Broker

MeinTrade Review Summary Founded2012 Registered Country/RegionSwitzerland RegulationNo regulation Market InstrumentsStocks, options, futures, Bitcoin futures, forex, bonds, ETFs and CFDs Demo Account❌ Leverage/ Spread/ Trading PlatformWeb-based client portal, trader workstation, and mobile trading platforms Minimum Deposit0 Customer Support+41 41 766 70 34 Linkedin, Instagram Company address: General-Guisan-Strasse 306300 Zug - Switzerland Regional Restrictions/ MeinTrade was founded in 2012 and is registered in Switzerland. It offers a wide range of trading instruments, and provides four trading platforms including web-based and mobile ones. However, it is not regulated, though it does offer client protection with deposit protection accounts. The fee structure is complex, with different fees for various regions and products.Pros and Cons Pros Cons Various trading instrumentsNo regulation Client protection providedNo MT4 or MT5 Complex fee structure Non-English webpagesIs MeinTrade Legit? MeinTrade offers deposit protection accounts. Their clients' securities accounts are protected up to USD 30 million (including up to USD 1 million in cash). However, as of now, it is not regulated by any institution.What Can I Trade on MeinTrade? MeinTrade supports trading in stocks, options, futures, Bitcoin futures, forex, bonds, ETFs and CFDs. Tradable Instruments Supported Forex✔ CFDs✔ Stocks✔ Bonds✔ Options✔ ETFs✔ Futures✔ Bitcoin Futures✔ Commodities❌ Indices❌ Mutual Funds❌MeinTrade Fees MeinTrade charges fees according to different regions and products. Take stock ETFs as examples, LandFeeMinimum Switzerland0.15 % on trading volumeCHF 15.00 United StatesUSD 0.009 per shareUSD 4.99 Germany Xetra®0.20 % on trading volumeEUR 8.00 Germany Frankfurt Germany Stuttgart Germany Tradegate Great BritainGBP 12 (from 50,000 plus 0.05%)GBP 12.00 France0.20 % on trading volumeEUR 8.00 Italy Belgium Netherlands NorwayNOK 0.10 of Trade ValueNOK 98.00 SwedenSEK 0.10SEK 98.00 To learn specific fees charged by MeinTrade , you can click: https://www.meintrade.ch/preise-konditionen/.Trading Platform MeinTrade offers web-based client portal, trader workstation, and mobile trading platforms. Their trading platforms offer many news, charts, quotes and fundamentals in one platform. Trading PlatformSupported Available Devices Suitable for Web✔Web/ MT4❌/Beginners MT5❌/Experienced tradersDeposit and Withdrawal In MeinTrade, to make a deposit, first log in to the Client Portal using your access data. Select “Transfer&Transfer” from the top - menu and then click “Make a deposit”. Next, on the new page that opens, click “Use new deposit method”, select your desired deposit currency, and enter the bank details of the account from which you'll make the deposit. More detials can be learned through: https://www.meintrade.ch/einzahlung/.