ThreeTrader review – 5 things you should know about threetrader.com

ThreeTrader review – 5 things you should know about threetrader.com

Rating: 3

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Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

 

ThreeTrader is a very typical broker, legit mind you, that does not go overboard with features or options, nor is it a flashing exposé of design choices. If you are looking for a solid broker, that nevertheless offers certain freedom over others, we think that ThreeTrader might be for you.

There are two accounts, one catering to retail users, and the other to more professional clients, but all are free to chose. The Pure Spread account advertises a 0.5 pip spread, while the Raw Zero offer a zero spread but has a $2 per lot commissions per side applied, so really, the spread for the latter account is actually 0.4 pips. The leverage is maxed out at 1:500, a common one for the likes of ThreeTrader. Just remember that the leverage is quite risky.

Last but not least the tradeable assets: forex currency pairs, gold, silver, commodities, stocks, cryptocurrencies, and indices.

THREETRADER REGULATION AND SAFETY OF FUNDS

ThreeTrader is fully regulated by the Vanuatu Financial Services Commission. All the evidence is there, we checked the official register of the regulator and found a mention of ThreeTrader.

Here we have to take things down a notch, and discuss the pros and cons of having an offshore regulation. For the better part, brokers with an offshore license are more free in what they offer as leverages. The 1:500 leverage here is the most typical value offered by offshore entities. But, such a high level holds inherent risks, which is the reason why few mainland regulators allow it. As a holder of a VFSC license, ThreeTrader is also able to circumvent certain extreme requirements that many other regulators mandate. But this is also the worst part of any offshore legit broker, because many of these requirements are precisely set to offer protection to users as well as a fair trading environment. Bypassing these exposes the user to higher risks, despite the license. But in any case, a regulation is a regulation and it does provide a standardized set of rules for the broker to follow.

In any case, ThreeTrader is regulated, and is risk free, in terms of those risks that unregulated brokers expose their users to.

THREETRADER TRADING SOFTWARE

The MT4 is available here on all fronts. Clients can access the MT4 through mobile, by its desktop equivalent, and as a web trader. Users are getting the full package here, and it does not disappoint.

As for the software itself, what can we say about the MT4 that has no been said before? It’s only its successor that is its better version, but the MT4 remains the best software if you don’t count the MT5. It has all the capabilities you will ever need, and you will be a much better trader with every hour you use it.

THREETRADER DEPOSIT/WITHDRAW METHODS AND FEES

The minimum deposit depends on the account type. The Pure Spread account starts at $100, while the Raw Zero account minimum is set at $1000.

The available payment methods are credit cards, bitwallet, VND Instant Pay, Phillipines Instant Pay, bank transfer, and tether. We find these to be a rather uncommon bunch of payment methods, not the most popular ones. But seeing that the broker is regulated, these payment gateways are most definitely safe.

The same methods are used for withdrawing funds. The processing times are up to 3 days, and there are no fees, in that the broker explicitly tells the client that there are no fees.

These are solid payment conditions, which go a long way from the usual mumbo jumbo tht we review. Investing and withdrawing here should be a breeze.

As a conclusion, we feel that the intro sums up everything. This broker is a good and stable service provider. Whether to use it or not depends entirely on you.

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