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Is OnlyTrades safe?
Rating Index
Pros
Offers the popular MetaTrader 4 platform, which is well-regarded for its charting capabilities and automated trading options.
Provides a wide range of financial instruments, including forex currency pairs, indices, stocks, CFDs, and commodities.
Targets the Russian market with various payment methods, which may be convenient for local traders.
Cons
Unregulated broker with low credibility, raising concerns about the security of client funds.
High minimum initial deposit requirement of $5,000, which is significantly above industry standards and may deter new traders.
Issues with accessing the trading platform, including the inability to log in to real accounts and create demo accounts, indicating potential operational problems.
OnlyTrades Similar Brokers Safe
Whether it is a legitimate broker to see if the market is regulated; start investing in Forex App whether it is safe or a scam, check whether there is a license.
OnlyTrades latest industry rating score is 1.57, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. 1.57 If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.