TradeLTD Review

Overview:

The FX and CFDs broker TradeLTD provides its traders the five trading accounts. These accounts are said to provide different spreads on the MetaTrader platform. The provided leverage is constant for all the accounts and is up to 1:200. The provided different spreads offered by TradeLTD are not profitable. Also, the broker is unregulated. Please read this TradeLTD review thoroughly to know more about all the associated concerns.

About TradeLTD :

The trading platform provided by this broker is MetaTrader4 it is widely used and most trusted by the traders and brokers. This is the reason most of the FX brokers include it in their offerings. The interface of the MT platform is intuitive, has a great charting package, combined with numerous market indicators and supports automated trading with the help of Expert Advisors. Therefore, MT4 monopolizes the trading market for the decade.

The provided leverage of up to 1:200 is considered moderate, it will apparently please most of the traders. But can cause losses as well. In other words, the provided leverage, offered by the broker, can be advantageous or disadvantageous.

An additional positive side of TradeLTD is its provided trading assets. The trading assets are many including several FX pairs, also many CFDs on commodities, indexes, shares, and cryptos. The available cryptocurrencies include Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Dash, etc. and more.

The owner of the TradeLTD is BUSHIDO TECHNOLOGIES OÜ with the registered address in Estonia. It also has an operational address in Austria. Unfortunately, the TradeLTD is unauthorized to offer financial services in any of the mentioned countries. Another bad thing is that the MetaTrader is provided by the third party named Titanium Tech Solutions LTD which is red-flagged by an Italian financial regulator CONSOB. Also, there is the unavailability of a demo account and it must be treated as the worst scenario.

Besides, the spreads available are not competitive enough and starts from 2.5 pips for the EUR/USD FX pair on the standard account. The offered spreads are two times higher than the market average spreads.

The minimum deposit required at TradeLTD starts from $250 for the standard account. While it may not sound higher but several other regulated and licensed brokers provide the same services at the price far less than this.

Is TradeLTD scam or legit?

The broker under consideration called TradeLTD is an unregulated FX broker. The offerings are less tempting considering the cost of trading. Also, the major concern of licensing is poorly facilitated and poses risk to the investment. Hence, we can say that the TradeLTD can be forex scam and must be avoided at any cost.