Traze Forex Broker

TRAZEReview SummaryFounded2004-07-20Registered Country/RegionSeychellesRegulationRegulate(FCA), General Registration(FSCA)Market InstrumentsForex/Commodities/Shares/Cryptocurrencies/Metals/IndicesDemo Account✅LeverageUp to 1:2000SpreadFrom 0.2Trading PlatformMT4(iOS/Android/Windows/Mac)Min Deposit$50Customer SupportEmail: cs@traze.com24-hour hotline: 400-8692-878Twitter/Facebook/Instagram/LinkedInTRAZE Information TRAZE is a FCA-licensed broker. The tradable instruments with a maximum leverage of 1:2000 include forex, commodities, shares, cryptocurrencies, metals, and indices. The broker also provides two accounts, including STP Trading and ECN Trading. The minimum spread is from 0.2 pips and the minimum deposit is $50. Traders can also access the MT4 trading platform through TRAZE.Pros and ConsPros Cons RegulatedNo specific transfer methodLeverage up to 1:2000No specific transfer time and fee information24/5 customer supportUnclear swap feeSpread as low as 0.2Demo account availableMT4 unavailableIs TRAZE Legit? FSCA regulates TRAZE with license number 48248, but its current status is General Registration. FCA also regulates TRAZE under license number 768451 and the Straight Through Processing(STP) type.What Can I Trade on TRAZE? TRAZE offers over 120 market instruments, including forex, commodities, shares, cryptocurrencies, metals, and indices.Tradable Instruments Supported Forex✔Commodities✔Shares✔Cryptocurrencies✔Metals✔Indices✔Stocks❌ETFs❌Bonds❌Mutual Funds❌Account Type TRAZE has two account types: STP Trading and ECN Trading. Traders who want low spreads can choose an ECN Trading account, while those with a small budget can open an STP Trading account. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.Account Type STP TradingECN TradingMinimum Deposit≥$50≥$200Minimum FX Spread1.3From 0.2Maximum Leverage1:20001:2000Standard Lot Contract Units (FX)100000100000Stop-Out Level30%50%Minimum Trade Size (Standard Lot)0.010.01Maximum single order in Standard Lots3050TRAZE Fees The spread is from 0.2. The lower the spread, the faster the liquidity.Leverage The maximum leverage is 1:2000 meaning that profits and losses are magnified 2000 times.Trading Platform TRAZE provides the Traze Mobile Application and the authoritative MT4 trading platform available in iOS, Android, Windows, and Mac. Junior traders prefer MT4 over MT5. MT4 not only provides various trading strategies but also implements EA systems. In addition, Copy-Trading Platform can save time customizing trading strategiesTrading PlatformSupported Available Devices Suitable for MT4✔iOS/Android/Windows/MacJunior tradersTraze Mobile Application✔Mobile-Deposit and Withdrawal The minimum deposit is $50. However, transfer processing times, methods, and associated fees are unknown.