TRADERSHOME REVIEW

Comments Rating 4.68 (413 reviews)

GENERAL INFORMATION

Broker Name:

TradersHome

Broker Type:

Forex Broker

Operating since year:

2018

Regulation:

N/A

Address:

Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines

Broker status:

Independent

CUSTOMER SERVICE

Phone:

+18887787970

Languages:

English, French

Availability:

24/5

TRADING

Trading platforms:

MetaTrader 5 Client Terminal, MT5 Web Trader, Android Trader, iOS Trader

Trading platform Time zone:

N/A

Demo account:

YES

Mobile trading:

YES

Web-based trading:

YES

Bonuses:

N/A

Other trading instruments:

Currencies, Cryptocurrencies, Equities, And Derivatives

ACCOUNT

Minimum deposit ($):

250 USD

Maximal leverage:

(1:?) 1:400

Spread:

N/A

Scalping allowed:

N/A

Review Introduction to TradersHome.com

TradersHome is a multinational broker headquartered in St. Vincent and the Grenadines. TradersHome was founded in 2018. The broker operates from Kingstown, St. Vincent, and the Grenadines and is not formally authorized or regulated by a respected watchdog but has demonstrated competent and consistent trading procedures thus far.

As a relative newcomer to the market, it has already built a name for itself and amassed a sizable user base.

TradersHome provides its services abroad and using cutting-edge trading technology. They provide numerous trading tools and aspects, giving investors numerous possibilities. They guarantee goal-oriented and professional investment assistance, fund security, user-friendly platforms, more than 500 financial instruments to trade, and more, according to the TradersHome website.

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Review of TradersHome Accounts

The number and type of accounts that a trader can open with a broker company typically vary depending on the country in which the brokerage works, the Trader’s country of residence, and the regulatory agencies under whose authority it operates.

Accounts typically differ in how spreads or commissions are applied, the minimum deposit required to open that form of account, and the services or benefits to which account holders may have access.

TradersHome.com Review of Withdrawals And Deposits

TradersHome needs the following minimum deposits for each of its accounts:

  • Student Account – $250
  • Starter Account – $2 500
  • Premium Account – $10,000
  • Advanced Account – $25 000
  • Pro Account – $50 000
  • VIP Account – $100 000

Deposits are processed swiftly, and withdrawals are normally done the same or the next day. Processing periods may also differ depending on the withdrawal method used; for example, wire transfers may take several working days.

Accounts and Their Features

TradersHome review

TradersHome offers numerous account kinds, including Student, Starter, Premium, Advanced, Pro, and VIP accounts, each of which gives traders important trading privileges.

These advantages include the following:

  • Options for secure finance
  • Quick withdrawal with no fees
  • Free educational resources and market research
  • Most of these accounts have Islamic adaptations.
  • MetaTrader 5 is the most advanced platform available on Windows, Android, and Apple devices.

TradersHome Revew of Account for Beginners

This account is for traders who feel they are more than a beginner but consider themselves more skilled to begin trading professionally. This account includes the following benefits:

  • Mobile Trading
  • 24 Hour Trading
  • Min Lot Size: 0.01
  • Trading Platform: MT5
  • Minimum Deposit: $250

Starter Account

This account, on the other hand, is for traders, who can afford more sizeable investments but aren’t experienced enough to move on the professional level. While the minimum deposit is much higher than that of a student account, it’s still modest compared to big players’ bids. And it enables wannabe investors to hone their skills and become proficient in trading. 

  • Mobile Trading
  • 24 Hour Trading
  • Min Lot Size: 0.01
  • Trading Platform: MT5
  • Minimum Deposit: $2,500
  • Islamic Account

TradersHome Revew of Account for Beginners

This account is for traders who feel they are more than a beginner but consider themselves more skilled to begin trading professionally. This account includes the following benefits:

  • Mobile trading is available 24 hours a week.
  • The smallest lot size is 0.01.
  • MT5 trading platform is given.
  • The needed minimum deposit is $2 500.
  • Muslim traders can open an Islamic account.

While these three accounts were created with average traders in mind, TradersHome provides special accounts for the blue-chip investors as well. It has three accounts for high-level trading – Advanced, Pro, and VIP. 

Account Premium

The TradersHome premium account provides additional capabilities for traders who have advanced beyond the basic account. It provides access to tools such as the following:

  • Mobile commerce
  • 24-hour trading is available.
  • 01 is the minimum lot size.
  • The trading platform offered is MT5.
  • The needed minimum deposit is $10,000.
  • Daily examination
  • The account manager is on hand.

Account in Advance

This account is best suited for experienced traders. Traders will deal with higher sums of money and be provided with the necessary equipment for such professional trading. Among these tools are:

  • Mobile commerce
  • 24-hour trading is available.
  • 01 is the minimum lot size.
  • MT5 trading platform is given.
  • The needed minimum deposit is $25 000.
  • The account manager is on hand.

TradersHome Review of Account Pro

This account is designed for experienced and professional traders. The specifications and tools included are adequate for effective and productive trading. They will have access to the following resources:

  • Mobile commerce
  • 24-hour trading is available.
  • 01 is the minimum lot size.
  • MT5 trading platform is given.
  • The needed minimum deposit is $50,000.
  • The account manager is on hand.
  • An Islamic Account is an alternative.
  • The daily analysis is available.
  • Fixed spreads are used.

Review of TradersHome.com: Fees, Commissions, and Spreads

The cost of trading is determined by many elements, such as commissions, spreads, and margins.

A currency pair’s spread the difference between the bid and ask rates. A pip is the smallest increment by which an exchange rate can vary. For currency pairs using JPY as the term currency, one pip is 0.01, while for all other pairs, it is 0.0001.

The margin is the amount of money required in your account to open a position and is decided by the current price of the base currency against USD, the size of the position (volume), and the leverage applied to your account.

Commissions are fees that an investment broker charges a trader for conducting deals on the Trader’s behalf.

The withdrawal fees at TradersHome vary based on the withdrawal payment method chosen, and the broker appears to levy a fee for inactive accounts.

TradersHome appears to charge both deposit fees and commissions on CFD instruments.

Bonuses

The bonus typically compensates traders for selecting a specific broker because once the account is open, the Trader will incur the same costs as any other. The bonus normally only begins to reimburse the Trader’s expenses after they have proven themselves to be active traders.

TradersHome does announce various bonuses and promotions from time to time, according to the company website and other sources. Still, information needs to be released on the type and value of bonuses.

TradersHome Leverage

Leveraged product trading increases a trader’s potential profit while simultaneously increasing the possible loss. Leverage is a facility that allows traders to gain a higher exposure to the market than the amount they placed to begin a trade.

Traders should remember that while high leverage may be advantageous to the brokerage, trading at such high leverage should only be tried by experienced traders who understand how to avoid large losses.

TradersHome permits its traders to employ up to a 1:400 leverage ratio.

Review of TradersHome Platforms For Trading, Software, And Its Features

Some organizations offer their own bespoke platform, which may benefit traders due to unique features developed by the broker’s specialists. In contrast, others use more well-known systems that have been tried and proven over time.

If a trader has a choice, he should consider what he wants to trade and choose the platform that best meets his demands. TradersHome provides MetaTrader 5 as a trading platform, which is available in the following versions:

The company offers all the important information on tradershome.comYou can learn about their products, platforms, accounts, privacy policies, order executions, terms of use, and risk discourses – all in one space. And if you have any additional questions, you can always request more information from the company.

Client Terminal for MetaTrader 5

Traders can benefit from trading on the world’s most popular trading platform, which has many tools and features to help them be successful and lucrative.

Trader for Android

Any Android smartphone or tablet can access and manage trading accounts.

iPhone and iPad Trader

With the iOS custom trading app, you can trade on the go on your iPhone or iPad.

TradersHome: Our Review of Security and Regulation

TradersHome review

Establishing which governing bodies are observing and controlling a brokerage’s operations and whether the company complies with those regulations is one of the most dependable benchmarks for measuring its safety.

Generally, an “offshore” broker has a less favorable image, and potential traders should exercise caution before investing.

Second, the safety of the client’s funds should be assured. If the company defaults or goes bankrupt, some safety net would come in handy to prevent customers from incurring more losses.

TradersHome is an unlicensed offshore broker, but it guarantees some safety protections.

These include automated protection against hacking and data loss on their platforms, SSL-encrypted funding methods that keep users’ private and transactional information secret, and monies that are kept separate from TraderHome’s funds.

The advanced platforms provide evidence of the servers’ dependability.

TradersHome.com: Conclusion of the Review

TradersHome provides over 500 financial instruments for trading, secure financing options, personal and financial information security, fast withdrawal with no fees, no slippage or requotes, and customizable leverage. A sophisticated platform is available for Windows, Android, and iOS.

TradersHome features a significant daily trading volume and a competent customer service team available 24 hours a day. The TradersHome website is available in many different languages. Clients are advised to carefully evaluate their investment objectives, financial situation, needs, and experience level before trading the products offered by TradersHome.

While TradersHome guarantees that it will make every effort to fill a trade at the desired price, trading on the internet does not eliminate the risks inherent in currency trading. As a result, quotes and trades are normally governed by the terms and conditions of a Client Agreement, which can be accessed via the broker’s website.

COMMENTS

413 Comments

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