PEtrades Information
PEtrades is an unregulated brokerage company registered in Netherlands. This firm boasts its wide selection of investment options and its advanced R Trader platform. The popular MT4 and MT5 platform are also available here. PEtrades provides four investment plans and 24/5 customer support. The biggest drawback, however, is the regulatory hurdles. When comparing brokerages, remeber to consider the risks involved.
Pros and Cons
Is PEtrades Legit？
PEtrades currently does not hold any valid regulatory certificates. Although it is incorporated in Netherlands, it lacks regulation from any recognized financial authority. Opening an online brokerage account can be an easy way to start investing and there are always risks in investing. But we can choose to stay away from certain risks.
What Can I Trade on PEtrades？
Investing is kind of like a buffet--there are lots of things to choose from. And spreading your money across different investments is a good thing if it helps manage risk. The more diverse your portfolio is, the better. When the stocks in your portfolio aren't doing so well, for example, your cryptocurrencies might help give your portfolio a boost. With PEtrades, you can make a diversified portfolio in 8 asset classes, including forex, stocks, indices, ETFs, soft commodities, engergies, metals, and cryptocurrencies.
PEtrades promises spread from 0.0 points, and leverage up to 1:2000 in forex trading. This firm also gives 12,000 stocks through its proprietary R Trader platform. Indices is the most popular investment choice in this platform.
Account Types
PEtrades offers a handful of account types to choose from. If you're interested in investing here, you can open Prime, ECN, and R Trader accounts. With Prime and ECN accounts, You can invest in forex, metals, CFD, and cryptocurrencies. But R Trader accounts give you more options with 12000+ stocks and indices. R Trader account is suitable for a broader spectrum of clients with its $100 minimum deposit. For other account types, it's a little higher, which is $500.
If you're a beginning investor without a lot of money to invest, R Trader accounts could be a good fit. For much more seasoned traders who are not interested in global stock trading, Prime or ECN accounts could be better choices.
Investment Plans
It's not unusual for online brokerages to offer different account tiers. The upside of tiered accounts is that you might pay less in fees the more you invest. And fewer fees is good because it means you keep more of your investment returns. PEtrades tiers its accounts with four investment plans: basic, gold, platium, and VIP. The tier you're in can determine what features or benefits you have access to and what you'll pay.
Fast withdrawal, 24/5 customer support, and referral bonus are available for all tiers. The services of manager and trade expert, as well as platform features are important factors depends on these tiers. For example, if you invest at least $10,000, you'll have 100% Trade Expert and all platform features. Maybe That's the reason why the platinum plan is a popular one.
Trading Platform
PEtrades provides its proprietary trading platform, namely R Trader. You can open an account online or through the R Trader mobile app. The minimum deposit for an R Trader account is $100.
The app is available for both IOS and Android devices. PEtrades boasts of its multi-asset trading platfrom with its financial charts and advanced technical analysis tools.
Other popular platform like MT4 and MT5 are also available here. So there are lots of choices.
Customer Support Options
If there's something you need to do that you can't manage online or through the mobile app, you can try reaching out to customer support. You have multiple choices, including email (support@petrade.io) and phone (+31 97005033148).
The Bottom Line
Variety is a good thing for building a diversified portfolio. Having a mix of different investments can help with managing risk. PEtrades makes building a diversified portfolio easier with its wide selection of investment options. However, PEtrades is not regulated by any financial authority with strict standards. If you want to stay safe, only sign up with brokers that are overseen by a top-tier and stringent regulator.
FAQs
Is PEtrades safe？
PEtrades is not regulated by any reputable financial authority. Before choosing a brokerage, remember to consider the risk involved.
Is PEtrades good for beginners？
PEtrades provides a great platform for beginners, because of its simple interface and excellent customer service.
Does PEtrades offer leveraged trading？Yes, PEtrades provides leverage trading which is up to 1:2000.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
