Trade24 is online Forex and CFD's broker that was created in 2009. The brand is owned by the Trade24 Investment LTD. and is one of the most prosperous brokerages in Europe. The company itself is registered in the Seychelles, but the online broker doesn't have a license. Their headquarters are located in London, and they also have offices in Paris, France, and Switzerland. Despite the short history of the company, Trade24 has already been acknowledged by many prestigious online trading magazines. The broker has won more than twelve awards throughout the years including "Best Broker in the UK" in 2014 and "Best European Broker" in 2013. They hold many events throughout the including an affiliate conference in Barcelona in 2012 and London in 2013. They're looking to spread their influence in all of Europe and acquire customers from all countries around the globe. Let's see why Trade24 is such a successful online broker.
You can choose from six options when you're making an account at Trade24. The first one is the "Classic" account option. It's the most used one because it offers a lot of features and has the lowest deposit requirement ($500). The spreads are fixed and can go as low as 2.8 pips. The trading instruments in this account are Forex, Metals, and Energies. The "Silver" account offers the same spreads as the "Classic" one, but you get some upgrades. For example, it allows you to trade with indices, and you have a senior account manager appointed to your account. The minimum deposit requirement for this account is $2000. Next, is the "Gold" account option. Here you get even sweeter upgrades. Starting with the lower spreads of 1.8 pips and going to a new trading instrument- agriculture. It cost $5000 to make, but you get a whole month of free signals trading. The "Platinum" account is where the thing gets serious. This account type is for experienced traders and offers a lot of additional instruments and features. You get tighter spreads (as low as 1.3 pips) and a Mirror Trader option. You get a free webinar, the option to trade with Forex exotics, analyst manager, and a free online course. The "Platinum" account cost $20 000 to make. The "Mega" account is a slight upgrade to the "Platinum" option. You get even tighter spreads (as low as 0.8) and a Senior Analyst. The minimum deposit requirement is $50 000. Finally, there's the ECN account option that requires a deposit of over $50 000. It gives you the best trading conditions and all possible features offered by Trade24. All account options offer a leverage of 1:200 for Forex trading.
The primary platform that Trade24 offers is the Metatrader4. It's proven to be one of the best in the world and despite it being around for ages it's stilled the preferred choice of many traders. The platform is suitable for beginner and expert traders and offers a lot of customizations. The huge amount of languages supported is also of a great benefit to its users. But, this is not the only platform that Trade24 provides to its clients. It also has a mobile version of the MT4 suitable for all popular mobile devices. The only thing about the MT4 that has been discussed a lot is the option of a Webtrader platform. Well, the people from Trade24 have taken care of that by offering the Social Trade24 platform that enables you to trade from your devices without installing additional software. The Mirror Trader is an interesting option that you will get with the higher account options. It allows you to copy successful trading strategies with the touch of s single button. It copies robot trades and can help you achieve great results even if you don't understand anything about trading. The Robox is a patented algorithm that establishes a connection between your personal trading profile and world's trading database. It automatically chooses the best trading packages for your needs.
Security at Trade24 is at a very high level and ensures your trading experience will be hassle free. The SSL encryption protects your personal data and makes it available only to the company's representatives. All the clients' deposits are separated into a segregated account at a top tier bank (Sparkasse Bank- Malta). Customer support is well above the industry average. It's rare to see 24/7 customer care from a online forex broker. There are plenty of contact methods available with email and live chat being the most used ones. There are also seven social media profile accounts that you can use to get in contact with the company's employees. There are 15 phone numbers available, each for a different country, and the website is translated in 8 languages. As far as educational materials are concerned, Trade 24 has it all. You have E-books, webinars, analysis, terms explanation, trading tips, video tutorials and even more. It's one of a complete sets of online Forex trading tips on the internet. You can just visit their Forex Academy page and get every piece of information you need about the trades.
Depositing money into your Trade24 account is easy, and there is a ton of payment methods you can use. Credit and debit cards, digital wallets and bank wire are available. There are no mentioned processing times for the deposit, but most of them are from instant to 1-3 business days. Withdrawing funds are also quite simple. You just hit the "Withdraw now" button and fill out the withdrawal form. However, you'll have to be careful because the processing times are quite slow (up to 5 business days) and if you have made a mistake in your form, you'll have to submit another one and wait again for it to be approved.
All bonuses offered by Trade24 depend on the account you have chosen to create. You can get from 30% to 50% on your first deposit.