The offshore-based TradeLTD offers a variety of five trading accounts. The variation in spreads is provided in these different accounts. The traders can avail excellent services of the MetaTrader platform while trading with this broker. The leverage offered on all of the five accounts are fixed at 1:200. Sadly, there are several concerns about the broker. In this TradeLTD review, we will do an in-depth analysis of this broker. Don’t miss it. Read the full TradeLTD review here.
The most beneficial aspect of the TradeLTD is that it provides trading on the most popular MetaTrader trading platform. The MetaTrader trading platform is bundled with many excellent features such as Expert Advice, Auto Bots, Charts and many more. All these features are very beneficial to traders. The offered leverages of 1:200 on all accounts are moderate and reduce risk in trading. Such leverage can attract many traders.
The TradeLTD also offers its traders a wide variety of trading assets. The product portfolio includes trading assets like many FX pairs and CFDs for commodities, indices, stocks, and several cryptocurrencies. Bitcoin, Litecoin, Ripple and Ethereum are some of them.
The trademark TradeLTD is managed and owned by Bushido Technologies, OU. The Bushido Technologies claims to register in Estonia. But the company operates in Austria. The sad part of this broker is it is not registered in either of the countries. Also, the MetaTrader platform offered by TradeLTD provided by the third party. The name of the provider is Titanium Tech Solutions LTD. The problem here is that the Italian financial regulator CONSOB has red-flagged this company. Such unregulated brokers are not allowed in a regulated market like Australia.
The broker does not provide a demo account, and this fact is worrisome as traders could not see offered trading conditions. The spread of 2.5 pips offered on Euro-Dollar foreign exchange pair. The provided spread is quite high, and it increases the cost of trading. The minimum initial investment required is about $250 for the primary account and is acceptable. Many other brokers have the same amount as an initial investment. But many regulated and legitimate brokers provide all the above facilities at a low price as well.
Is TradeLTD scam or legit?
The central aspect of any broker is its legitimacy and regulation. Sadly, TradeLTD fails on these aspects. The offered trading conditions are unattractive. The TradeLTD has many advantages, such as a variety of assets and MetaTrader, but these overshadowed by other disadvantages. In conclusion, we can say that the broker TradeLTD is a potential Australian trading scam. It will be beneficial to avoid it.