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The Pattern Trader foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://thepatterntrader.com/, about the company's legal and temporary regulatory information, the company's address 2234 North Federal Hwy, Boca Raton, FL 33431.

The Pattern Trader Forex Broker

Basic Information

Registered Region

United States

Operating Period

Company Name

The Pattern Trader

Abbreviation

The Pattern Trader

Company employee

Customer Service Email Address

support@thepatterntrader.com

Company Website

https://thepatterntrader.com/

Company address

2234 North Federal Hwy, Boca Raton, FL 33431

Facebook

https://en-gb.facebook.com/PatternTrader/

https://twitter.com/thepatterntrade?lang=en

Keywords

5-10 years

Suspicious Regulatory License

High potential risk

Company profile

Broker Name The Pattern Trader Founded in 2015 Regulated by Unregulated Minimum Deposit $0 Minimum Spreads From 0.0 pips Leverage 1:500 Trading Instruments Forex, Stocks and Commodities. Trading Platform N/A Payment Methods N/A Customer Service Email, Social Media General Information The Pattern Trader is primarily a trading education platform, managed by Mark Shawzin, a veteran trader with over 30 years of experience in the market. The platform is designed to help traders understand and utilize pattern-based trading strategies.It provides comprehensive trading education including weekly webinars, video tutorials, trading patterns, and ongoing mentorship. These resources are applicable for various financial markets such as stocks, commodities, and forex markets. Pros and Cons The Pattern Trader has some advantages, like no initial cost to open a live account and generous leverage options for forex trading. They also offer demo accounts for practice. However, there are notable drawbacks, including the lack of regulation, a limited range of trading products, and a missing tiered account system. Additionally, their customer support response time can be slow, and there have been accessibility issues with their official website. It's important to weigh these pros and cons carefully before considering The Pattern Trader as your trading platform. Pros Cons Zero dollar to open a live account No regulation Generous leverage for forex trading Limited range of trading products Demo accounts available Lacking many esstential details No tiered accounts offered Slow customer support response Official website not acessible Regulation While The Pattern Trader is registered in the United States, it doesn't have any regulation from authorities like the NFA or any other similar governing bodies. Trading with an unregulated broker can be very risky because they aren't held to the same rules and ethical guidelines as licensed brokers. This means that if you deal with an unlicensed broker, you might have limited options if they engage in unfair practices like undisclosed fees, manipulating trades, or even stealing your funds. It's crucial to be aware of these risks before choosing a broker. Market Instruments The Pattern Trader claims to provide access to three classes of assets in financial markets: forex, stocks, and commodities. However, they do not offer other well-known trading options like shares, cryptocurrencies, ETFs, indices, and bonds. Trading Assets Available Forex ✔ Stocks ✔ Commodities ✔ Shares ❌ Cryptocurrencies ❌ ETFs ❌ Indices ❌ Bonds ❌ Products The Pattern Trader also offers two kinds of products, namely the Freedom Trader Handbook and the Pattern Trader Elite. Other specific information can be found in the screenshot below. Account Types The Pattern Trader offers both demo accounts and live accounts to its clients. This broker assures traders that they can begin trading with virtually any account type, and interestingly, they can even start with no initial capital investment. Minimum Deposit Opening an account with Pattern Trader supposedly requires no minimum deposit. If this is accurate, it presents a distinct advantage when compared to other brokers. Let's take a look at the comparison table, which shows the minimum deposit requirements of Pattern Trader alongside those of other brokers: Broker Minimum Deposit The Pattern Trader $0 FXTM $10 AVATrade $100 Saxo Bank $2,000 IG $250 CMC Markets $0 Leverage The leverage options provided by this broker vary depending on the asset class you're interested in trading. Specifically, they offer leverage of up to 1:500 for forex pairs, up to 1:100 for commodities and indices, and up to 1:50 for stocks and cryptocurrencies. Leverage Trading Assets 1: 500 Forex Pairs 1:100 Indices 1:50 Cryptocurrency Spreads & Commissions When it comes to spreads and commissions, this broker offers some enticing options. They provide ultra-tight fixed spreads starting at 0 pips for major forex pairs, while minor currency pairs typically have average fixed spreads of just 1 pip. Additionally, spreads for commodities, stocks, and indices start at 0.4 pips.Moreover, there are no commissions whatsoever for forex and crypto trading, making it cost-effective for traders. For commodities and equities, commissions are low, ranging from just $5 to $10 per lot. These favorable terms can certainly enhance the trading experience. Customer Support The Pattern Trader‘s customer support can be reached by email: support@thepatterntrader.com or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms such as Twitter, Facebook and YouTube. Company address: 2234 North Federal Hwy, Boca Raton, FL 33431. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most brokers offer. Contact Info Details Phone N/A Email support@thepatterntrader.com Twitter (X) https://twitter.com/thepatterntrade？lang=en Facebook https://en-gb.facebook.com/PatternTrader/ Youtube https://m.youtube.com/channel/UCCtgPDhJuwlITraqnuklyxQ Official Website https://thepatterntrader.com/ Company Address 2234 North Federal Hwy, Boca Raton, FL 33431 FAQs Q: Who operates The Pattern Trader？ A: The Pattern Trader is a trading platform offering trading education and is run by Mark Shawzin, a veteran trader with over 30 years of market experience. Q: Is The Pattern Trader a regulated platform？ A: While The Pattern Trader is registered in the United States, it's not regulated by governing authorities like the NFA or any other similar bodies. Q: What type of trading education does The Pattern Trader offer？ A: The Pattern Trader provides comprehensive trading education including weekly webinars, video tutorials, trading patterns, and ongoing mentorship. Q: Can I use the strategies learned from The Pattern Trader in any type of market？ A: Yes, the trading patterns and strategies taught by The Pattern Trader can be applied in various financial markets including stocks, commodities, and forex markets. Q: How is The Pattern Trader different from other trading education platforms？ A: One of the unique aspects of The Pattern Trader is its focus on pattern-based trading strategies. These strategies are the product of Mark Shawzin's years of research and trading experience.

The Pattern Trader broker review

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How to login to The Pattern Trader?

The Pattern Trader Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a The Pattern Trader Account Creating an account on The Pattern Trader is an essential first step for aspiring traders. Heres a detailed guide on how t

The Pattern Trader Broker - Complete Information Guide

1. Broker Overview

　　The Pattern Trader, founded in 2015, operates as a trading education platform primarily focused on providing traders with insights into pattern-based trading strategies. The company is headquartered at 2234 North Federal Hwy, Boca Raton, FL 33431, USA. It is a privately held entity, managed by Mark Shawzin, a veteran trader with over 30 years of experience in the financial markets.

　　The primary market served by The Pattern Trader includes retail forex traders, as well as those interested in commodities and stock trading. The platform aims to educate its users on effective trading strategies, including the use of automated trading systems. Over the years, The Pattern Trader has established itself as a reputable source for trading education, offering weekly webinars, video tutorials, and ongoing mentorship.

　　The company operates under a business model that emphasizes retail forex trading and provides access to various educational resources. This approach has allowed The Pattern Trader to cater to a diverse clientele, ranging from novice traders seeking to learn the basics to experienced traders looking to refine their strategies.

2. Regulatory and Compliance Information

　　The Pattern Trader operates without regulation from major financial authorities, which raises concerns regarding its compliance and oversight. The platform does not provide specific regulatory numbers or licenses, and it is not registered with organizations like the National Futures Association (NFA) or the Securities and Exchange Commission (SEC).

　　Due to its unregulated status, clients of The Pattern Trader may not benefit from investor protection measures typically associated with regulated brokers. The company claims to implement Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to safeguard its operations, but the effectiveness of these measures is difficult to ascertain without regulatory oversight.

　　Customer funds are reportedly held in segregated accounts, but further details on this policy are not explicitly stated. Additionally, The Pattern Trader does not participate in any investor compensation schemes, which could leave clients vulnerable in case of operational failures.

3. Trading Products and Services

　　The Pattern Trader offers a variety of trading products, primarily focusing on forex currency pairs. The platform provides access to a broad range of currency pairs, including major, minor, and exotic pairs. However, specific numbers regarding the total amount of forex pairs available are not disclosed.

　　In addition to forex trading, The Pattern Trader also provides Contracts for Difference (CFDs) on various assets, including indices, commodities, and stocks. However, there is limited information on the specific categories of CFDs available for trading. The platform appears to be regularly updated, although details on the frequency of product updates and the introduction of new trading instruments are not readily available.

　　For retail traders, The Pattern Trader emphasizes its educational services, while institutional clients may not find dedicated offerings tailored to their needs. The platform does not appear to provide white-label solutions or asset management services, focusing primarily on individual traders.

4. Trading Platform and Technology

　　The Pattern Trader supports the MetaTrader 4 (MT4) trading platform, which is widely recognized in the industry for its user-friendly interface and robust trading features. However, there is no mention of support for MetaTrader 5 (MT5).

　　The platform operates primarily as a web-based trading solution, allowing users to access their accounts via standard internet browsers. There is currently no dedicated mobile application for iOS or Android devices, which may limit the flexibility for traders who prefer mobile trading.

　　Execution models employed by The Pattern Trader include ECN (Electronic Communication Network) and Market Making, although specific details about execution speed and slippage are not provided. The company claims to utilize advanced technology infrastructure, but detailed information regarding server locations and technical specifications is lacking.

　　API access for automated trading is not explicitly mentioned, which may pose a challenge for traders looking to implement algorithmic trading strategies.

5. Account Types and Trading Conditions

　　The Pattern Trader offers several account types, including a standard account with a minimum deposit requirement of $250. The platform advertises competitive spreads, but specific figures regarding spreads and commissions are not disclosed.

　　For advanced traders, The Pattern Trader does not appear to offer specialized account types such as VIP or professional accounts. There is also no indication of unique account offerings like Islamic or corporate accounts.

　　A demo account is available for users to practice trading without financial risk, which is beneficial for both novice and experienced traders. The leverage offered by The Pattern Trader ranges from 1:50 to 1:500, depending on the asset class being traded. The minimum trade size is not specified, and the platform's overnight fees for holding positions are also not disclosed.

6. Fund Management

　　The Pattern Trader supports various deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirement is $250, applicable to all account types.

　　Processing times for deposits are generally quick, although specific timelines are not provided. The platform does not appear to charge any deposit fees, which can be advantageous for traders looking to minimize costs.

　　Withdrawal methods include bank transfers and electronic payment systems, but detailed information on withdrawal limits and processing times is not readily available. The Pattern Trader claims to process withdrawals within 24 hours, but exact fee structures related to withdrawals are not disclosed.

7. Customer Support and Educational Resources

　　Customer support for The Pattern Trader is accessible through multiple channels, including email and online chat. However, there is no mention of phone support, which may limit the options for traders seeking immediate assistance. The service operates 24/7, catering to a global clientele.

　　The platform supports multiple languages, although specific languages are not listed. Educational resources offered by The Pattern Trader include webinars, tutorials, and eBooks, designed to help traders improve their skills and understanding of the market.

　　Market analysis services such as daily updates, news, and research reports are also provided, enabling traders to stay informed about market trends. Additionally, trading tools like calculators and economic calendars are available to assist users in making informed trading decisions.

8. Regional Coverage and Restrictions

　　The Pattern Trader primarily serves clients in the United States and claims to have a global reach. However, specific regional offices and their distribution are not detailed.

　　The platform does not accept clients from certain jurisdictions, although exact countries or regions with restrictions are not specified. It is critical for potential users to verify their eligibility based on local regulations before signing up.

　　In conclusion, The Pattern Trader broker presents itself as a promising platform for traders seeking educational resources and access to forex trading. However, the lack of regulation and transparency regarding various aspects of its operations necessitates caution for potential users.

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