User Reviews
More
User comment
0
CommentsWrite a review
No comment yet
No Regulation
Score
1.18 /10
Danger
FREE TRADE CFD
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index4.44
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Check whenever you want
Download App for complete information
Warning: Low score, please stay away!
Previous Detection :
2024-12-27
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| FREE TRADE CFD | Basic Information |
| Company Name | FREE TRADE CFD |
| Headquarters | China |
| Regulations | Not regulated |
| Account Types | VIP, Premium, Standard, Micro |
| Minimum Deposit | $250 |
| Maximum Leverage | 1:500 |
| Spreads | From 0.2 pips |
| Commission | $6 per lot per round-turn (VIP/Premium) |
| Customer Support | Email (contact@free-tradecfd.com) |
Overview of FREE TRADE CFD
Based in China，FREE TRADE CFD is an unregulated trading platform offering four account types: VIP, Premium, Standard, and Micro. Each account type caters to different levels of traders, providing varied features to meet diverse trading needs.
Is FREE TRADE CFD Legit？
FREE TRADE CFD operates without any regulatory oversight, meaning it is not subject to the compliance and standards set by financial regulatory authorities. This lack of regulation can impact the level of investor protection and the transparency of the company's operations. Potential traders should consider this factor carefully when evaluating the risks associated with trading on this platform.
Pros and Cons
FREE TRADE CFD offers multiple account types to meet various user needs and provides generous and flexible leverage. However, the platform operates without regulatory oversight, potentially exposing traders to risks, and lacks transparency regarding its policies and procedures. Additionally, users have reported difficulties accessing the website.
| Pros | Cons |
|
|
|
|
|
Market Instruments
FREE TRADE CFD provides a variety of trading instruments, such as Forex, Indices, Commodities, and Stocks. Here is a table comparing the trading instruments provided by different Account Types.
| Account Type | Forex | Indices | Commodities | Stocks |
| VIP Account | Yes | Yes | Yes | Yes |
| Premium Account | Yes | Yes | Yes | Yes |
| Standard Account | Yes | Yes | Yes | No |
| Micro Account | Yes | No | No | No |
Account Types
FREE TRADE CFD offers a range of account types designed to suit different levels of traders, each with specific minimum deposit requirements. The VIP Account requires a minimum deposit of $100,000, catering to high-net-worth individuals or professional traders. The Premium Account has a minimum deposit of $25,000, suitable for experienced traders seeking enhanced features. The Standard Account, with a minimum deposit of $2,500, is aimed at regular traders, while the Micro Account, with a minimum deposit of $250, is ideal for beginners or those with smaller capital.
| Account Type | Minimum Deposit | Maximum Leverage | Commissions | Spreads |
| VIP Account | $100000 | 1:100 | $6 per lot | From 0.2 pips |
| Premium Account | $25000 | 1:100 | $6 per lot | From 0.6 pips |
| Standard Account | $2500 | 1:300 | $0 per lot | From 1 pips |
| Micro Account | $250 | 1:500 | $0 per lot | From 1 pips |
Leverage
FREE TRADE CFD provides varying leverage options tailored to different account types. The VIP and Premium Accounts offer a maximum leverage of 1:100, catering to traders who prioritize risk management. The Standard Account features a higher leverage of 1:300, suitable for those seeking greater exposure. The Micro Account offers the highest leverage of 1:500, ideal for traders with smaller capital looking to maximize their trading potential.
Spreads & Commissions
FREE TRADE CFD offers competitive spreads and varying commission structur across its account types. VIP accounts feature spreads from 0.2 pips with a $6 commission per lot. Premium accounts have spreads from 0.6 pips, also with a $6 commission per lot. Standard and Micro accounts both offer spreads from 1 pip with no commission per lot, providing cost-effective options for traders.
Customer Support
Customer support for FREE TRADE CFD is available via email at contact@free-tradecfd.com, ensuring traders have access to assistance and inquiries are handled efficiently.
Conclusion
In conclusion, FREE TRADE CFD provides a variety of account types, competitive spreads, and diverse leverage options to meet different trading needs. Despite being unregulated, it offers email support to assist traders. With flexible trading conditions, FREE TRADE CFD caters to both beginners and experienced traders.
FAQs
Q: What account types does FREE TRADE CFD offer？
A: FREE TRADE CFD offers four account types: VIP, Premium, Standard, and Micro, each with different features and minimum deposit requirements.
Q: What is the minimum deposit required for each account type？
A: The minimum deposits are $100,000 for VIP, $25,000 for Premium, $2,500 for Standard, and $250 for Micro accounts.
Q: What leverage options are available at FREE TRADE CFD？
A: Leverage options vary by account type: 1:100 for VIP and Premium, 1:300 for Standard, and 1:500 for Micro accounts.
Q: Are there any commissions on trades with FREE TRADE CFD？
A: Commissions apply to VIP and Premium accounts at $6 per lot, while Standard and Micro accounts have no commissions.
Q:How can I contact FREE TRADE CFD's customer support？
A:Customer support is available via email at contact@free-tradecfd.com.
Risk Warning
Trading online carries inherent risks, including the potential loss of your entire investment. It's essential to recognize that online trading may not be suitable for everyone, and individuals should carefully consider their risk tolerance before participating. Additionally, please be aware that the details provided in this review are subject to change as companies update their services and policies. Therefore, it's advisable to verify the most up-to-date information directly with the company before making any trading decisions. Ultimately, the responsibility for utilizing the information in this review lies solely with the reader.
start to write first comment