Note: Trade99s official site - https://www.trade99.com is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is Trade99？
Trade99, a trading platform that is currently not regulated by any government or financial authority, presents potential risks for investors. Moreover, the inaccessibility of their official website raises concerns about the possibility of the platform having absconded.
The platform offers four live account types with trading conditions featuring spreads starting from 2.1 pips for the Standard account. Trade99 also provides its clients with the MT5.
This article aims to provide a comprehensive analysis of the broker, Trade99, covering various aspects to present organized and easily understandable information. If you have an interest in learning more about this broker, we invite you to continue reading. We will conclude the article by summarizing the key characteristics of the broker, allowing you to grasp its attributes quickly.
Pros & Cons
Trade99 Alternative Brokers
Depending on a traders specific needs and preferences, there are numerous alternative brokers to consider instead of Trade99. Here are some popular options:
FXTM - A well-regarded broker with a range of financial instruments and flexible account types, including Islamic accounts.
Robinhood - A commission-free online brokerage platform offering fractional shares, an intuitive mobile app, and a user-friendly interface.
BlackBull Markets - A reputable forex broker known for its low spreads, fast execution, and comprehensive trading tools, making it an excellent choice for traders seeking a reliable and feature-rich trading experience.
Is Trade99 Safe or Scam？
Investing with Trade99 carries inherent risks due to its lack of valid regulation, which means the broker operates without oversight from government or financial authorities.
Furthermore, the inaccessibility of Trade99's official website raises concerns about the possibility of the platform having absconded.
Given these circumstances, it is crucial to conduct thorough research and carefully consider the potential risks and rewards associated with investing with Trade99. It is generally advised to choose brokers that are well-regulated, as this provides a level of protection for your funds.
Account Types
Trade99 offers four live account types including Standard, Silver, Gold and Premium Service accounts.
Spreads & Commissions
Trade99 offerstrading conditions with spreads starting from 2.1 pips for their Standard account. Spreads is the difference between the buying and selling prices of a financial instrument.
Having a higher spread can be considered less favorable for traders, as it increases the cost of trading. A narrower spread would allow traders to enter and exit positions more efficiently, minimizing the impact of the spread on their overall profitability. However, it is worth noting that the spread may vary depending on the currency pair and market conditions.
Besides, due to the unavailable website, there is no access to find out the commission ofTrade99.
Trading Platforms
Trade99 offers its clients with the popular MT5 trading platform. With MT5, traders can access all kinds of financial markets, including forex, commodities, indices, and cryptocurrencies, all from a single platform. This allows for convenient diversification and the ability to trade a variety of instruments within one interface.
The platform offers an intuitive and user-friendly interface, making it easy for traders to navigate and execute trades efficiently. It provides advanced charting capabilities with numerous technical indicators and analytical tools, empowering traders to conduct in-depth market analysis and make informed trading decisions.
Deposits & Withdrawals
Trade99 offers a convenient and flexible deposit and withdrawal process for its clients.
One of the available deposit methods includes VISA, which allows users to fund their trading accounts using their VISA debit or credit cards. This method offers a widely accepted and secure way to transfer funds, providing ease of use and accessibility for traders.
In addition to traditional payment methods, Trade99 also accepts deposits and withdrawals in Bitcoin (BTC). Bitcoin is a well-known digital currency that offers benefits such as fast transactions, low fees, and decentralization. By accepting Bitcoin, Trade99 caters to the growing demand for cryptocurrencies and allows clients to use their digital assets to fund their accounts, providing an alternative payment option.
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Telephone:+44 1482 240155
Email:cs@trade99.com
Conclusion
In summary, Trade99 is a platform that offers a wide range of services to its clients, providing access to various financial markets and tools to aid traders in their decision-making process. The platform's user-friendly interface and advanced charting tools, available through the MT5, cater to both novice and experienced traders.
However, it is essential to highlight the concerns surrounding Trade99. Firstly, the platform lacks regulation, which raises questions about the oversight and security of operations. Additionally, the inaccessibility of Trade99's official website hinders the availability of crucial information, potentially compromising transparency.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
