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Company Name
MainTrade
Company Abbreviation
MainTrade
Platform registered country and region
United Kingdom
Company website
Company summary
Pyramid scheme complaint
Expose
Note: MainTrade's official website: https://maintrade.co is currently inaccessible normally.
| MainTrade Review Summary | |
| Founded | 2022 |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | / |
| Demo Account | ❌ |
| Leverage | Up to 1:500 |
| Spread | From 1.5 pips |
| Trading Platform | Web-based |
| Min Deposit | $250 |
| Customer Support | Email: support@maintrade.co |
| Physical Address: 2nd Jubilee Place, London E14 5NY, United Kingdom | |
MainTrade is an offshore broker based in the United Kingdom. MainTrade offers trading leverage up to 1:500 and requires a minimum deposit of $250. Detailed information about its trading operations is currently unavailable due to the inaccessible website. In addition, before considering trading with this broker, you should be aware that it lacks regulation.
Pros and Cons
| Pros | Cons |
| Multiple trading account types | Lack of regulation |
| Unavailable website | |
| High minimum deposit | |
| No MT4/5 | |
| High annual management fee and inactivity account fee |
Is MainTrade Legit?
MainTrade is not regulated by any major financial institution. It claims to be registered in the United Kingdom and to have obtained a license from the Financial Conduct Authority (FCA), but there is no authorized broker using the trading name or domain name 'MainTrade' in the FCA's database, further confirming the fraudulent nature of MainTrade.
Account Type
MainTrade offers four types of trading accounts: Standard, Silver, Gold, and VIP, but information regarding the minimum deposit requirement isn't provided.
Leverage
MainTrade offers leverage up to 1:500, which is fairly high in the industry. Furthermore, trading with such a high leverage poses high risks as well, especially with an unregulated broker like MainTrade.
| Account Type | Max Leverage |
| Standard | 1:400 |
| Sliver | 1:400 |
| Gold | 1:500 |
| VIP | 1:500 |
Spread
| Account Type | Spread |
| Standard | From 1.5 pips |
| Sliver | From 1.5 pips |
| Gold | From 0.8 pips |
| VIP | From 0.0 pips |
Trading Platform
MainTrade only offers a web-based platform developed by themselves. Although this platform has the basic functionality for placing orders, it cannot compare to the comprehensive and advanced features offered by MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
| Web-based | ✔ | Computer | / |
Deposit and Withdrawal
MainTrade offers multiple payment methods, including Paystudio, Coindeck, Gateway, Credit Card, Paypound, and ChargeMoney. However, MainTrade does not provide clear information regarding deposit and withdrawal fees.
Fees
MainTrade charges a steep annual management fee of $100 and a high inactive account fee of $50per month.
