Abstract:Tradesprime, a trading name of Black Parrot LTD., is allegedly a forex broker registered in the United Kingdom that claims to provide its clients with the leading MetaTrader4 and MT4 Mobile trading platforms.
Note: Tradesprime is to operate via the website - https://www.tradesprime.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
General Information & Regulation
Tradesprime, a trading name of Black Parrot LTD., is allegedly a forex broker registered in the United Kingdom that claims to provide its clients with the leading MetaTrader4 and MT4 Mobile trading platforms.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its leverage, spreads, minimum deposit, etc.
As for regulation, it has been verified that Tradesprime does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.45/10. Please be aware of the risk.
Market Instruments
Tradesprime advertises that it offers access to a wide range of trading instruments in financial markets, including over 45 forex pairs, stocks, indices, commodities, gold and silver.
Trading Platform Available
The platform available for trading at Tradesprime is one of the most notable and preferred trading platforms the market offers - MetaTrader4 and MT4 Mobile. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Customer Support
Tradesprimes customer support can be reached by telephone: 44 2031 500863, email: support@tradesprime.com. Company address: Ajeltake Road, Ajeltake Island, Majuro, Marshall Island, MH 96960.
Pros & Cons
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
In Forex trading, even small fluctuations can make a significant difference, especially over the long term. One crucial factor that seasoned traders pay close attention to is the spread – the difference between the bid (selling) price and the ask (buying) price of a currency pair. While beginners may overlook its impact, experienced traders understand that spreads play a crucial role in trading costs, strategy selection, and overall profitability.
Analyzing last year's trading data offers invaluable insights into market trends, helps refine trading strategies, and enhances decision-making for future trades.
For new traders entering the world of forex, choosing the right broker is one of the most crucial decisions they’ll make. A reliable broker can serve as a trusted partner, providing a platform that’s secure, transparent, and regulated. However, with thousands of options available, selecting the right broker can be overwhelming. That is why WikiFX is here to make things easy for you!
In the world of online trading, a common misconception persists: trading is often seen as no different from gambling. This belief is particularly prevalent among newcomers, who may view the financial markets as a fast-paced game where winning is just a matter of luck. But trading, when done correctly, is far from mere chance!