TradeMTF Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-20 14:25

Abstract：TradeMTF is an offshore forex broker registered in Marshall Islands, offering its clients a range of trading instruments, such as forex, commodities, indices, stocks and cryptocurrencies. Besides, traders with this brokerage can have six trading accounts to choose from, leverage up to 1:200. Trading platforms available include the leading MT4 and a webtrader.

　　Note: TradeMTF's official website: https://trademtf.com/ is currently inaccessible normally.

TradeMTF Review Summary
Founded	/
Registered Country/Region	Marshall Islands
Regulation	Unregulated
Market Instruments	Forex, commodities, indices, stocks and cryptocurrencies
Demo Account	✅
Leverage	1:200
EUR/USD Spread	Floating around 1.5 pips
Trading Platform	MetaTrader 4, webtrader
Min Deposit	$200
Customer Support	Tel: +44 2070975188
Customer Support	Email: support@trademtf.com

　　TradeMTF is an offshore forex broker registered in Marshall Islands, offering its clients a range of trading instruments, such as forex, commodities, indices, stocks and cryptocurrencies. Besides, traders with this brokerage can have six trading accounts to choose from, leverage up to 1:200. Trading platforms available include the leading MT4 and a webtrader.

　　TradeMTF is said to be owned and operated by TMTF Ltd, a company registered offshore, not subject to any regulation. Please be aware of the risk.

Pros and Cons

Pros	Cons
MT4 support	Lack of regulation
Multiple trading choices	Inaccessible website
Demo accounts	High minimum deposit

Is TradeMTF Legit?

　　TradeMTF is completely unregulated by any institution and is reportedly registered in the Marshall Islands, an offshore jurisdiction that lacks financial regulation. As a result, trading with such brokers is unsafe and can put your funds at risk. Therefore, we strongly recommend against choosing TradeMTF as your trading partner.

What Can I Trade on TradeMTF?

　　Since TradeMTF's website is inaccessible, we are unable to acquire detailed information about its specific trading instruments. The only information available is some overall classification, such as forex, commodities, indices, stocks, and cryptocurrencies.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Stocks	✔
Cryptocurrencies	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　Trade MTF offers six types of live trading accounts: Islamic, Classic, Silver, Gold, Platinum, and TMTF Premium.

Account Type	Min Deposit
Islamic	$200
Classic	$200
Silver	$2,500
Gold	$5,000
Platinum	$15,000
TMTF Premium	$25,000

Leverage

　　Trade MTF offers a maximum trading leverage of up to 1:200 for all account types, a ratio generally considered suitable for most traders. However, we caution against using such high leverage with unreliable brokers, such as TradeMTF, due to the heightened risk of loss.

Spread

Account Type	Spread Type	Spread
Islamic	Variable	3
Classic	Fixed	3
Silver	Fixed	2.5
Gold	Fixed & Variable	2.5
Platinum		2
TMTF Premium		1.5

Trading Platform

　　TradeMTF offers MetaTrader4 and a web-based trading platform, but their functionality is severely limited and cannot be compared favorably to the latest trading platforms. Therefore, we still recommend that you choose a legitimate broker that provides a professional and advanced trading platform.

Trading Platform	Supported	Available Devices	Suitable for
Webtrader	✔	Web	/
MT4	✔	Web	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　TradeMTF supports deposits and withdrawals via credit cards, bank wire transfers, Skrill, Neteller, American Express cards, and Paysafecard.

　　Although TradeMTF says the minimum deposit amount is $200, however, it varies depending on payment methods. Traders who use a credit/debit card to make a deposit will fund at least 250 EUR/GBP, and the minimum deposit amount is 3,000 EUR/GBP through wire transfer.

　　Additionally, the processing time for withdrawal requests is 48 hours.