Overview of ThreeTrader
ThreeTrader is an online trading platform that offers a wide range of market instruments for traders to participate in various financial markets. One of the key features of ThreeTrader is its offering of a wide range of market instruments. Traders can engage in Forex trading, with ultra-low spreads on popular currency pairs and leverage options of up to 500:1. The platform also allows trading in Contracts for Difference (CFDs) on equity indices, cryptocurrencies, soft commodities, and other instruments, enabling diversification and access to global markets. Additionally, traders can trade spot metals like Gold and Silver, offering tight spreads and various contract options.
ThreeTrader offers multiple types of trading accounts, such as the Raw Zero account and the Pure Spread account, which cater to different trading preferences. The Raw Zero account is designed for professional traders, providing low spreads and commissions, while the Pure Spread account offers low spreads without commissions. Both accounts offer leverage options and access to a wide range of trading products.
The platform provides various trading platforms to accommodate different trader needs and device compatibility. Traders can choose from the MetaTrader 4 (MT4) platform for Windows PC and Mac, the MT4 Mobile Trading Station for smartphones and tablets, and the MT4 Web Trader for browser-based trading. There are also specialized platforms like MAM (MetaQuotes Multi-Account Manager) and PAMM (Percentage Allocation Management Module) for account management.
In terms of account opening, ThreeTrader has a straightforward process that involves providing personal information, setting a secure password, submitting an application form, and uploading the necessary identification documents for verification. Once approved and verified, traders can deposit funds into their trading accounts using various methods, including credit/debit cards, instant payments, bank transfers, and cryptocurrencies.
ThreeTrader is regulated in Vanuatu and holds a license from the Vanuatu Financial Services Commission (VFSC), indicating compliance with regulatory standards and providing traders with a certain level of assurance regarding the platform's operations. However, it's important to note that regulation does not guarantee profitability or eliminate all trading risks.
Overall, ThreeTrader aims to offer traders a comprehensive trading experience with a wide range of instruments, competitive trading conditions, multiple account types, and a variety of trading platforms to choose from.
Pros and Cons
Moreover, in relation to ThreeTrader, it is worth considering the following pros and cons. Pros include advanced algorithmic trading capabilities, a wide range of asset classes and markets, low trading fees, a user-friendly platform with customizable UI, and a high level of security and regulatory compliance. On the other hand, cons consist of a high minimum deposit requirement, limited educational resources, no demo account available for practice trading, limited payment options for deposit and withdrawal, and limited customer support hours.
Is ThreeTrader Legit？
Yes, ThreeTrader is a legitimate company that is regulated in Vanuatu. ThreeTrader Global Limited holds the license number VFSC 40430, indicating that it operates under the supervision and regulations set by the Vanuatu Financial Services Commission (VFSC). Regulation is an important aspect when considering the legitimacy and credibility of a trading platform, as it ensures that the company operates within established guidelines and complies with the necessary legal and financial requirements.
By being regulated in Vanuatu, ThreeTrader is subject to regulatory oversight, which helps to protect the interests of traders and provides them with a certain level of assurance regarding the platform's operations. It indicates that ThreeTrader adheres to regulatory standards, including financial transparency, client fund protection, and fair trading practices.
However, it's important to note that while regulation adds credibility, it does not guarantee profitability or eliminate all risks associated with trading. Traders should always conduct their own research, evaluate the platform's features and offerings, and consider their own risk tolerance before engaging in any trading activities.
Market Instruments
ThreeTrader offers a diverse range of market instruments for trading:
FOREX:
In the Forex market, ThreeTrader provides access to the most popular currency pairs with ultra-low spreads. Traders can take advantage of the high-speed trading environment and leverage up to 500:1. With fractional pip pricing, traders can enjoy precision in their trading strategies.
CFDs:
Contracts for Difference (CFDs) are available for equity indices, cryptocurrencies, soft commodities, and other instruments. This allows traders to diversify their trading activities and gain access to global markets. Traders have the flexibility to trade both long and short positions, enabling them to take advantage of market movements in any direction.
Metals:
ThreeTrader offers trading in the spot markets for Gold and Silver, with options available in multiple currencies. Traders can benefit from tight spreads, with Gold spreads starting from just 0.06 cents. The trading is conducted against USD, and traders can choose from standard or mini contracts, catering to their individual trading preferences.
Indices:
For those interested in trading stock market indices, ThreeTrader provides Index CFDs on major indices such as Nikkei 225, Dow Jones, S&P 500, NASDAQ, DAX, FTSE, and more. Traders can enjoy low spreads, leverage up to 100:1, and trade CFDs based on Index Cash markets.
Commodities:
ThreeTrader offers Rolling cash CFDs on metals, energies, and commodities, providing traders with the opportunity to diversify their trading activities. Traders can benefit from tight spreads, have the flexibility to trade long or short positions, and leverage up to 100:1.
Gold & Silver:
In addition to spot markets, ThreeTrader provides specific trading opportunities for Gold and Silver. Traders can take advantage of extremely tight spreads, choose to trade against USD, and access standard or mini contracts. The platform also offers sophisticated trading features and professional charting tools to enhance the trading experience.
By offering a wide range of market instruments, ThreeTrader aims to cater to the diverse needs and preferences of traders, allowing them to engage in various trading activities across different asset classes.
Account Types
ThreeTrader offers two types of Low Spread, Low Commission, and High Leverage trading accounts - the Raw Zero account and the Pure Spread account.
Raw Zero account: The Raw Zero account is designed for professional traders who require the lowest possible spreads and commissions. This account offers a Raw Spread Variable from 0 pips and a commission of $2 USD per lot per side (¥200 Yen). The leverage options available are 100:1, 200:1, 400:1, and 500:1. The minimum deposit required for this account is $1000 USD or equivalent, and it offers a wide range of trading products including Forex, Metals, Commodities, Stock Index, and Cryptos. This account can be accessed through the Desktop MT4, Mobile MT4, and Web Trader MT4 platforms, and the minimum trade size is 1 micro lot (0.01 lots). The account offers institutional swaps and trading conditions can be viewed in the product schedule provided.
Pure Spread account: The Pure Spread account, on the other hand, is designed for traders who require low spreads without commissions. This account offers variable spreads from 0.5 pips with no fees charged. The leverage options available are 100:1, 200:1, 400:1, and 500:1. The minimum deposit required for this account is $100 USD or equivalent, and it offers a wide range of trading products including Forex, Metals, Commodities, Stock Index, and Cryptos. This account can be accessed through the Desktop MT4, Mobile MT4, and Web Trader MT4 platforms, and the minimum trade size is 1 micro lot (0.01 lots). The account offers retail swaps, and trading conditions can be viewed in the product schedule provided.
How to Open an Account？
To open an account with ThreeTrader, follow these steps:
1. Visit the ThreeTrader website and navigate to the account opening section.
2. Fill in your personal information:
- Enter your first name and last name.
- Provide a valid email address.
- Select your country and region from the provided options. Note that ThreeTrader may have restrictions on providing services to certain countries, so ensure your country is eligible.
- Enter your mobile number, including the country code.
3. Set a password:
- Create a secure password for your account. Make sure it meets the specified criteria, such as a minimum length and a combination of letters, numbers, and special characters.
4. Application form submission:
- Complete the application form by filling in your personal information as accurately as possible.
- Review the form to ensure all the information is correct.
- Submit the application form to initiate the account opening process.
5. Upload ID documents:
- After submitting the application form, you will be prompted to upload the required ID documents for verification purposes.
- Follow the instructions provided to upload the necessary documents. This step is crucial to verify your identity and comply with regulatory requirements.
- Ensure you have the required documents ready, such as a valid passport or government-issued ID card.
6. Deposit and start trading:
- Once your account has been approved and verified, you can proceed to deposit funds into your trading account.
- ThreeTrader provides secure funding methods, so choose the preferred method that suits you.
- Follow the instructions provided for depositing funds, ensuring you comply with the minimum deposit requirements.
- Once your account is funded, you can start trading on the platform.
Remember to carefully review and understand the terms and conditions, as well as any legal agreements, before proceeding with the account opening process.
Trading Platforms
ThreeTrader offers a variety of trading platforms to cater to different trader preferences and device compatibility:
1. Dual MT4:
ThreeTrader provides access to the MetaTrader 4 (MT4) platform, which is available for both Windows PC and Mac. MT4 is a popular and widely used trading platform known for its advanced charting tools, strategy tester, user-friendly interface, and a large global community. Traders can download indicators and expert advisors or create their own strategies using the MetaQuotes Language Editor (MQL4).
2. MT4 Mobile Trading Station:
Designed for smartphones and tablets, MT4 Mobile Trading Station allows traders to access the benefits of MT4 on the go. Traders can enjoy live streaming rates, utilize 9 timeframes, 30 technical indicators, and 24 analytical objects. This platform is compatible with iPhone, iPad, Android, and Windows devices.
3. MT4 Web Trader:
MT4 Web Trader offers traders the convenience of accessing the platform directly from their web browser. It is compatible with Windows, MacOS, and Linux operating systems, making it accessible from various devices including PCs, Macs, laptops, smartphones, and tablets. The web-based platform provides 30 indicators, 24 analytical objects, 9 timeframes, and real-time prices.
4. MAM (MetaQuotes Multi-Account Manager):
The MetaQuotes Multi-Account Manager (MAM) platform allows traders to manage multiple accounts from a single interface. This is particularly useful for fund managers who can execute trades on behalf of investors without the need for an investment fund. The MAM account's trades are copied to sub-accounts, and the fund manager has control over the risk profile for each sub-account.
5. PAMM (Percentage Allocation Management Module):
The MetaQuotes Percentage Allocation Management Module (PAMM) enables fund managers to trade on behalf of investors from a single account. The PAMM system uses a percentage allocation method to calculate trade sizes for clients, providing flexibility and customization for investors.
These trading platforms offer traders flexibility and convenience, allowing them to trade on various devices such as Windows PC, Mac, smartphones, tablets, and web browsers. Traders can choose the platform that best suits their trading needs and preferences.
Pros and Cons
Deposit & Withdrawal
Threetrader provides various options for depositing and withdrawing funds from your trading account. Here's a description of the available methods:
1. Credit & Debit Cards:
Threetrader accepts credit and debit card payments in multiple currencies, including JPY and TWD. There are no fees associated with these transactions, and the minimum deposit requirement is 100 USD or its equivalent in another currency. Deposits made through this method are processed instantly, allowing you to start trading immediately.
2. Instant Payment:
The instant payment option is available in USD and JPY currencies. Similar to credit and debit cards, there are no fees for using this method, and the minimum deposit requirement is 100 USD or its equivalent. Deposits made through instant payment are processed instantly, ensuring prompt access to your trading account. Threetrader also offers VND Instant Pay and Philippines Instant Pay methods, which have an estimated clearance time of 20 minutes.
3. Bank Transfer:
Threetrader supports bank transfers in different currencies. For JPY transactions, they offer Fast Transfer and Direct Pay options with no fees and a minimum deposit requirement of 10,000 JPY. These transfers are estimated to clear within 20 minutes. For global bank wire transfers in USD or other currencies, there are no fees, and the minimum deposit requirement is 100 USD or its equivalent. Clearance time for these transfers is typically 1-3 business days.
4. Crypto Payment:
Threetrader accepts deposits in USD Tether (USDT) cryptocurrency. There are no fees associated with this method, and the minimum deposit requirement is 100 USDT or its equivalent in another currency. Crypto deposits are processed instantly, providing you with quick access to your trading account.
When it comes to withdrawals, Threetrader offers similar methods with corresponding processing times:
- Credit Cards: Withdrawals made to credit cards typically take 1-3 business days.
- Instant Payment: Withdrawals through instant payment methods are processed within 1 business day.
- Bank Transfer: Bank transfers, including JPY Fast Transfer, JPY Direct Pay, and Bank Wire Global, have a processing time of 1-3 business days.
- Crypto Payment: Withdrawals made in USD Tether (USDT) cryptocurrency are processed within 1 business day.
It's important to note that there are no fees associated with any of the withdrawal methods mentioned above, and the minimum withdrawal amount is the same as the minimum deposit requirement for each respective method.
Before initiating any deposit or withdrawal, it is recommended to review the specific terms and conditions provided by Threetrader and ensure compliance with any relevant regulations or restrictions.
Spreads
ThreeTrader offers competitive spreads across its market instruments, providing traders with favorable trading conditions. In the Forex market, traders can benefit from ultra-low spreads on popular currency pairs, such as EUR/USD, starting as low as 0 pips. This enables traders to enter and exit positions with minimal cost, maximizing their potential profits. With fractional pip pricing, ThreeTrader ensures precision in pricing, allowing traders to fine-tune their strategies and execute trades with greater accuracy.
In addition to Forex, ThreeTrader offers tight spreads on other market instruments. For example, in the spot markets for Gold and Silver, traders can enjoy spreads starting from just 0.06 cents, providing competitive pricing for precious metals trading. Traders interested in trading stock market indices can also take advantage of low spreads on Index CFDs, allowing them to participate in the movements of major indices with favorable trading costs. With tight spreads across various instruments, ThreeTrader aims to provide traders with cost-effective trading opportunities and enhance their overall trading experience.
Leverage
ThreeTrader offers leverage options to enhance the trading capabilities of its clients. Leverage allows traders to control larger positions in the market with a smaller amount of capital. This can potentially amplify profits, but it also carries additional risk.
With ThreeTrader, traders can access leverage ratios of up to 500:1, depending on the chosen account type and instrument. This means that for every unit of capital deposited, traders can control positions that are up to 500 times larger. The availability of high leverage can be appealing to traders who seek the opportunity for greater returns on their investments.
However, it's important to note that while leverage can magnify potential gains, it also increases the risk of losses. Higher leverage amplifies both profits and losses, making risk management crucial. Traders should carefully consider their risk tolerance and implement effective risk management strategies when utilizing leverage. ThreeTrader provides leverage as a tool to empower traders, but it's essential to use it responsibly and with a thorough understanding of the associated risks.
Commissions
Threetrader charges commissions on certain account types. For example, the Raw Zero account involves a commission of $4 USD per lot round turn. This commission is in addition to the spreads offered on the instruments. On the other hand, the Pure Spread account is commission-free, where spreads are marked up from the raw pricing received from banks.
Customer Support
Clients have multiple channels available to contact the customer support team. They can reach out via email at support@threetrader.com for direct communication and receive detailed responses to their queries.
The website features a live chat function, staffed by customer service representatives during business hours (7am to 8pm, Monday to Friday). This real-time chat option provides immediate assistance and facilitates quick resolutions to client concerns.
For those who prefer telephone communication, Two phone numbers are available: a local number (0280399099) and an international number (+61 280399099). Clients can speak directly with customer service representatives for personalized assistance.
Additionally, ThreeTrader provides a physical address for its main office located at 1276, Govant Building, Kumul Highway, Port Vila, Republic of Vanuatu. Clients can visit the office in person or send correspondence by post to the same address.
For structured support requests, ThreeTrader offers a support ticket system. Clients can submit a support ticket specifying their issue or request, and the customer service team will address it accordingly.
Overall, ThreeTrader is dedicated to delivering accessible and responsive customer support, ensuring that clients receive the assistance they require. The customer service team is available through various channels, including email, live chat, phone, and support tickets, aiming to provide a positive and satisfying experience for clients.
Conclusion
In conclusion, ThreeTrader offers advanced algorithmic trading capabilities and a wide range of asset classes and markets, making it an attractive option for experienced traders. The platform's user-friendly interface, low trading fees, and high level of security are additional advantages. However, it has a high minimum deposit requirement and limited educational resources. The absence of a demo account for practice trading and limited payment options for deposit and withdrawal are also drawbacks. While ThreeTrader has its strengths, it's crucial to carefully consider these advantages and disadvantages in relation to your specific trading needs before choosing this platform.
FAQs
Q: Is ThreeTrader regulated？
A: Yes, ThreeTrader is regulated.
Q: Where are client funds held？
A: Client funds are held in client trust accounts in Tier 1 banks.
Q: Are my personal details and documents uploaded safe？
A: Yes, ThreeTrader takes the security of personal information and documents seriously. They apply best practices of IT technology to secure all client information.
Q: What is the difference between Raw zero and Pure spreads accounts？
A: ThreeTrader offers two types of MT4 trading accounts. The Pure spread account is commission-free, with spreads marked up from banks. The Raw zero account displays raw spreads from banks and charges an industry-leading commission of $4 USD per lot round turn.
Q: What leverage does ThreeTrader offer？
A: ThreeTrader offers a maximum leverage of 500:1 on FX and metals, with leverage varying for other products. Detailed information can be found on their product schedule page.
Q: Can I have multiple trading accounts with ThreeTrader？
A: Yes, ThreeTrader allows clients to have multiple trading accounts to trade different strategies. Additional account requests can be made via the client CRM.
Q: Are demo accounts the same as live trading accounts？
A: Demo accounts offer the same products, spreads, and leverage as live accounts. However, the execution may not be exactly the same as demo accounts are not connected to the live trading environment.
Q: What is margin call and liquidation level？
A: Margin call starts at 80% margin level, and liquidation starts at 20% margin level.
Q: Does ThreeTrader offer negative balance protection？
A: Yes, ThreeTrader offers negative balance protection. After your trading account goes into negative, they will return it back to a zero balance.
Q: Does ThreeTrader offer MAM/PAMM accounts？
A: Yes, ThreeTrader offers MAM (Multi Account Manager) and PAMM (Percentage Allocation Management Modules).
Q: How long does a demo account last？
A: A demo account expires automatically after 30 days. However, if you have a live funded account, you can request a non-expiry demo account to keep all your demo trading history from day 1.
Q: What is the minimum deposit for live accounts？
A: The minimum deposit for a Pure spreads account is $200 USD or equivalent, and for a Raw zero account, it is $1,000 USD or equivalent. There is no minimum requirement for subsequent deposits.
Q: How long does it take for a deposit to show in the MT4 trading account？
A: The time frame for deposits to show in the MT4 trading account varies depending on the deposit option. Credit card deposits show almost instantly, while bank transfers may take up to several days. More details can be found on the deposit page.
Q: How long does it take for a withdrawal to clear？
A: Once a withdrawal request is received, ThreeTrader processes it within the same working day on their end. The speed of withdrawal clearance varies depending on the withdrawal method, ranging from same-day clearance to up to 3 working days.
Q: What are the commissions charged for trading with ThreeTrader？
A: ThreeTrader charges zero commissions on the Pure spread account, with spreads marked up by 0.5 pips. The Raw zero account displays raw pricing from banks and charges $4 USD commissions per lot round turn (USD 4 round turn, JPY 400 Yen round turn).
2024-03-01 11:33
