TradeTIME foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://secure.tradetm.com/register, about the company's legal and temporary regulatory information, the company's address Fortgate Offshore Investment and Legal Services Ltd. Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia.
TradeTIME Forex Broker
Basic Information
Saint Lucia
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
CRYPTO
VIP
Tradetime Forex Broker - Complete Information Guide
1. Broker Overview
Tradetime is a forex broker established in 2010, specializing in various financial markets. The company operates from its headquarters located at S.I.P. Building, P.O. Box 3010, Rue Pasteur, Port Vila, Vanuatu. Tradetime is privately owned and is incorporated under the name Silver Group Ltd. with a certificate of incorporation number 17903. The broker primarily serves retail clients, including both beginners and experienced investors, providing access to a wide range of trading instruments.
Over the years, Tradetime has positioned itself as a versatile trading platform, allowing clients to trade in over 490 assets, including currencies, commodities, indices, and stocks. The firm has made significant strides in enhancing its trading conditions and customer support services, which has contributed to its growing reputation in the forex trading community. However, it is essential to note that Tradetime operates under an offshore license, which raises questions about its regulatory compliance.
Tradetime's business model is focused on retail forex trading, offering a customizable trading experience to its clients. The platform is designed to cater to various trading styles, with multiple account types and trading tools available.
2. Regulation and Compliance Information
Tradetime claims to be regulated by the Vanuatu Financial Services Commission (VFSC), which is known for its lenient regulatory framework. The regulatory number associated with Tradetime is 17903. However, it is crucial to highlight that the VFSC's oversight is not as stringent as that of first-tier regulatory bodies such as the FCA in the UK or ASIC in Australia. Consequently, the level of investor protection offered by Tradetime may be inadequate.
The company's registration also raises concerns, as it is associated with Capital Process Ltd., a name that does not appear in the records of the Bulgarian Financial Supervision Commission, indicating a lack of transparency. Client funds are reportedly held in segregated accounts, but the absence of a robust investor compensation scheme leaves clients vulnerable in case of insolvency.
Tradetime adheres to basic KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures, which are standard practices in the financial industry. However, the effectiveness of these measures in protecting clients remains questionable due to the broker's offshore status.
3. Trading Products and Services
Tradetime offers a diverse range of trading products, including:
- Forex: Over 60 currency pairs are available for trading, covering major, minor, and exotic currencies.
- CFD Products: Tradetime provides access to various asset classes, including commodities (like gold and oil), indices, and equities. The broker lists over 400 equity CFDs, allowing traders to speculate on the performance of global stocks.
- Cryptocurrencies: Clients can trade popular cryptocurrencies, although specific details on the available coins are limited.
- Unique Products: While Tradetime promotes a wide array of products, the specifics about unique offerings or special features are not abundantly clear.
The broker updates its product offerings periodically, aiming to enhance its appeal to traders. However, potential clients should verify the availability of specific instruments directly on the Tradetime platform.
4. Trading Platforms and Technology
Tradetime supports two primary trading platforms:
- MetaTrader 4 (MT4): A widely recognized platform among forex traders, MT4 offers advanced charting tools, automated trading capabilities, and a user-friendly interface. It is suitable for traders of all experience levels and is available for desktop and mobile devices.
- Proprietary Trading Platform: Tradetime also offers its own trading platform, which claims to provide fast execution and customizable features. However, it lacks support for automated trading and expert advisors, which may limit its appeal to algorithmic traders.
The broker's platforms are accessible via web and mobile applications, allowing traders to manage their accounts on the go. Tradetime employs an ECN execution model, which is designed to provide direct market access and competitive spreads. However, the specifics of the server locations and the underlying technology infrastructure have not been disclosed.
5. Account Types and Trading Conditions
Tradetime offers several account types tailored to different trading preferences:
- Raw Account: Minimum deposit of $250, spreads starting from 0.0 pips, with a commission of $10.
- Standard Account: Minimum deposit of $250, spreads starting from 1.0 pips, no commission.
- Fixed Account: Minimum deposit of $250, fixed spreads starting from 1.5 pips, no commission.
- VIP Account: Minimum deposit of $500, spreads starting from 0.4 pips, no commission.
- Crypto Account: Designed for cryptocurrency trading, offering competitive spreads and no commission.
The leverage offered by Tradetime varies by account type, with a maximum leverage of up to 1:1000 available. The minimum trade size is 0.01 lots, and the broker allows scalping and hedging strategies.
6. Fund Management
Tradetime supports various deposit and withdrawal methods, including:
- Deposit Methods: Credit and debit cards, bank transfers, and e-wallets like Neteller and Skrill. The minimum deposit requirement is $250 for most account types.
- Deposit Processing Time: Typically processed instantly, allowing traders to start trading quickly.
- Deposit Fees: Tradetime claims to cover deposit fees, which is a notable advantage for traders.
- Withdrawal Methods: Similar to deposit methods, withdrawals can be made through credit cards, bank transfers, and e-wallets. However, there have been reports of difficulties in withdrawing funds, which raises concerns about the broker's reliability.
- Withdrawal Processing Time: Generally processed within 24-48 hours, but some clients have experienced delays.
- Withdrawal Fee Structure: Specific fees for withdrawals are not clearly defined, leading to potential ambiguity.
7. Customer Support and Educational Resources
Tradetime provides customer support through multiple channels:
- Support Channels: Email, phone, and live chat options are available for users needing assistance. However, the response times and quality of support can vary.
- Service Hours: Customer support is available 24/7, catering to a global clientele.
- Multilingual Support: The broker supports several languages, including English, Arabic, French, Italian, Polish, and Russian.
- Educational Resources: Tradetime offers limited educational materials, which may include webinars, tutorials, and market analysis. However, the depth and quality of these resources have been criticized.
- Market Analysis Services: Clients may receive daily market analysis and research reports, but the quality and reliability of such information are uncertain.
8. Regional Coverage and Restrictions
Tradetime primarily serves clients from various regions, including Europe, Asia, and Australia. However, it has specific restrictions on certain countries:
- Prohibited Countries: Residents of the United States, Canada, Japan, and several other jurisdictions are not accepted as clients.
- Regional Offices: Tradetime claims to have customer service offices in regions such as Australia, Spain, and Sweden, which aim to enhance its global reach.
In summary, while Tradetime offers a range of trading services and products, potential clients should exercise caution due to the broker's offshore status and regulatory concerns. Always conduct thorough research and consider multiple sources of information before engaging with any forex broker.
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Latest Reviews
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When I needed instructions to withdraw money, the consultant gave an order to make my account detained and lead to liquidation in my account.
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Please denounce the exchange https://tradetm.com/ immersing investors' orders and not allowing withdrawals
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One thing that I was disappointed with, however, was their limited payment methods. During the weekdays, they only offered a few options, which could be inconvenient for some traders. Additionally, their customer support was not available 24/7, which could be problematic for traders in different time zones or who have urgent issues outside of regular business hours.
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