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TRAZE -

Score

3.39 /10
Danger

TRAZE

Seychelles

2-5 years

Regulated in South Africa

Financial Service Corporate

Suspicious Scope of Business

Suspicious Overrun

Medium potential risk

https://traze.com

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Score

Regulatory Index3.51

Business Index5.30

Risk Management Index0.00

Software Index4.00

License Index3.51

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Zeal Capital Market (Seychelles) Limited

Company Abbreviation

TRAZE

Platform registered country and region

Seychelles

Company website

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Company summary

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Warning: Low score, please stay away! 4
Previous Detection : 2024-12-23
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 48248)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!
  • The SeychellesFSA regulation (license number: SD027) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

TRAZE · Company summary
TRAZEReview Summary
Founded2004-07-20
Registered Country/RegionSeychelles
RegulationExceeded/Suspicious Clone
Market InstrumentsForex/Commodities/Shares/Cryptocurrencies/Metals/Indices
Demo Account✅
LeverageUp to 1:2000
SpreadFrom 0.2
Trading PlatformMT4(iOS/Android/Windows/Mac)
Min Deposit$50
Customer SupportEmail: cs@traze.com
24-hour hotline: 400-8692-878
Twitter/Facebook/Instagram/LinkedIn

TRAZE Information

TRAZE is a broker. The tradable instruments with a maximum leverage of 1:2000 include forex, commodities, shares, cryptocurrencies, metals, and indices. The broker also provides two accounts, including STP Trading and ECN Trading. The minimum spread is from 0.2 pips and the minimum deposit is $50. TRAZE is regulated by FSCA, FCA, and FSAS, while risks cannot be completely avoided.

TRAZE Information

Pros and Cons

Pros Cons
Leverage up toExceeded/Suspicious Clone
24/5 customer supportMT4/MT5 unavailable
RegulatedNo specific transfer method
Spread as low asNo transfer time and fee information
Demo account availableUnclear swap fee
Various tradable instrumentsInaccessible official website
Unspecific fees information

Is TRAZE Legit?

TRAZE isregulated by FSCA with license number 48248, but its current status is exceeded. It is also regulated by FCA with license number 768451 and FSAS license number SD027, whose current status is a suspicious clone.

Is TRAZE Legit?
Is TRAZE Legit?
Is TRAZE Legit?
Is TRAZE Legit?

What Can I Trade on TRAZE?

TRAZE offers over 120 market instruments, including forex, commodities, shares, cryptocurrencies, metals, and indices.

Tradable Instruments Supported
Forex✔
Commodities✔
Shares✔
Cryptocurrencies✔
Metals✔
Indices✔
Stocks❌
ETFs❌
Bonds❌
Mutual Funds❌
What Can I Trade on TRAZE?

Account Type

TRAZE has two account types: STP Trading and ECN Trading. Traders who want low spreads can choose an ECN Trading account, while those with a small budget can open an STP Trading account. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.

Account Type STP TradingECN Trading
Minimum Deposit≥$50≥$200
Minimum FX Spread1.3From 0.2
Maximum Leverage1:20001:2000
Standard Lot Contract Units (FX)100000100000
Stop-Out Level30%50%
Minimum Trade Size (Standard Lot)0.010.01
Maximum single order in Standard Lots3050

TRAZE Fees

The spread is from 0.2. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:2000 meaning that profits and losses are magnified 2000 times.

Trading Platform

TRAZE provides the Traze Mobile Application and the authoritative MT4 trading platform available in iOS, Android, Windows, and Mac. Junior traders prefer MT4 over MT5. MT4 not only provides various trading strategies but also implements EA systems. In addition, Copy-Trading Platform can save time customizing trading strategies

Trading PlatformSupported Available Devices Suitable for
MT4✔iOS/Android/Windows/MacJunior traders
Traze Mobile Application✔Mobile-
Trading Platform
Trading Platform

Deposit and Withdrawal

The minimum deposit is $50. However, transfer processing times, methods, and associated fees are unknown.

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TradeMax11
more than one year
It offers solid trading conditions and their support team is really on the ball. However, the withdrawal times could be faster
It offers solid trading conditions and their support team is really on the ball. However, the withdrawal times could be faster
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2024-06-21 18:02
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gfhj
more than one year
Today, MT5 is frozen. Price was on 1.08389 when i lost connection. I'm long and price is 3 pips upper of the frozen price. I can't close my position. What it price goes down? I'll lost my profits? Nobody answer on custom service.
Today, MT5 is frozen. Price was on 1.08389 when i lost connection. I'm long and price is 3 pips upper of the frozen price. I can't close my position. What it price goes down? I'll lost my profits? Nobody answer on custom service.
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2024-04-17 11:29
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