Score

1.68 /10
Danger

Handelsgatan

Saint Lucia

1-2 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

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Time Machine
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Score

Regulatory Index0.00

Business Index4.42

Risk Management Index0.00

Software Index7.40

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

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Broker Information

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Company Name

Handelsgatan Limited

Company Abbreviation

Handelsgatan

Platform registered country and region

Saint Lucia

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Handelsgatan · Company summary
AspectInformation
Company NameHandelsgatan
Registered Country/AreaSaint Lucia
Founded YearWithin 1 year
RegulationUnregulated
Products and ServicesForex, Stocks, Indices, Cryptocurrencies, Commodities
Spreads & CommissionsCommission-free trading with various spread options
Customer SupportPhone,email and Contact form available

Overview of Handelsgatan

Handelsgatan is a trading company that offers a diverse range of market instruments to global traders. Despite being unregulated, the platform is known for its competitive spreads with low commissions, no additional fees, or minimum account balances, making it attractive to frequent traders or those managing smaller accounts.

Additionally, Handelsgatan provides a one-stop platform covering over 100 global markets, including forex, stocks, options, and indices, enhancing trading convenience and diversification opportunities. In addition to its wide array of market products, Handelsgatan prioritizes personalized support, offering dedicated customer and technical assistance to its users.

Overview of Handelsgatan

Regulatory Status

This trading firm operates in an unregulated status. Unregulated trading platforms pose several potential risks.

The lack of regulation leaves client funds vulnerable and raises concerns about transparency in fund handling. Unregulated platforms may also pose risks of fraudulent activities, while lacking effective mechanisms to address client complaints and issues.

Regulatory Status

Pros and Cons

ProsCons
Competitive SpreadsPossible Limitations in Product Offerings
Access to 100+ Global MarketsDependency on Customer Support
Personalized Support
User-Centered Platform Design
Pros and Cons

Market Instruments

Handelsgatan offers a broad spectrum of market instruments, with over 300 trading options including forex, stocks, indices, cryptocurrencies, and commodities.

  1. Forex: Access to currency pairs for trading, enabling users to capitalize on exchange rate fluctuations and implement diverse trading strategies.
  2. Stocks: Opportunities to invest in individual companies across different sectors and regions, allowing for portfolio diversification and potential benefits from corporate actions like dividends.
  3. Indices: Trading options on overall market performance or specific sectors, providing diversification benefits without the need to trade individual stocks.
  4. Cryptocurrencies: Trading various digital assets such as Bitcoin and Ethereum, catering to the increasing demand for cryptocurrency trading and volatility opportunities.
  5. Commodities: Trading raw materials like gold, oil, and agricultural products, offering portfolio diversification and hedging against inflation and geopolitical risks.

Handelsgatan's comprehensive range of market instruments allows traders to access diverse asset classes and implement various trading strategies to pursue their financial objectives.

Market Instruments

How to Open an Account?

To open an account on Handelsgatan, you can follow these general steps:

  1. Visit the Website: Go to the Handelsgatan website at https://handelsgatan.com/ using a web browser.
  2. Navigate to Registration: Click on the Open Live Account button.
How to Open an Account?
  1. Provide Information: Enter your name, email, and phone number.
  2. Create Account: Choose a username and password.
  3. Agree to Terms: Accept the terms and conditions.
  4. Verification: Confirm your email or phone number.

Spreads & Commissions

Handelsgatan offers various spread options, catering to different preferences and trading styles of traders, all without commission.

  • Fixed Spreads: Starting from 1 pip, Handelsgatan offers fixed spreads on certain trading instruments. This provides traders with predictability in trading costs, making it easier to calculate potential profits and losses.
  • Variable Spreads: With variable spreads starting from 2 pips, Handelsgatan offers flexibility in trading costs, which may fluctuate depending on market conditions. This can be advantageous during times of high volatility when spreads tend to widen.
  • Raw Spreads: Offering raw spreads as low as 0.1 pips, Handelsgatan provides traders with access to tight spreads, ideal for those seeking competitive pricing and minimal trading costs. Raw spreads reflect the interbank market rates, with no markup from the broker, ensuring transparency and fairness.
Spreads & Commissions

Customer Support

You can contact Handelsgatan's customer support team through the following channels:

  • Phone: +91 11 43162359
  • Email:info@handelsgatan.com
  • You can also fill out the contact form on the website to reach out to Handelsgatan for assistance.
Customer Support

Conclusion

In summary, Handelsgatan provides a platform with competitive spreads and access to a diverse range of global markets, including forex, stocks, indices, cryptocurrencies, and commodities. However, it's important to note that the platform operates in an unregulated status, posing potential risks such as lack of oversight and formal complaint handling mechanisms.

FAQs

What are the risks associated with trading on an unregulated platform like Handelsgatan?

Unregulated platforms pose risks such as potential loss of funds and lack of oversight, potentially hindering complaint resolution.

What trading instruments does Handelsgatan offer?

Forex, stocks, indices, cryptocurrencies, and commodities.

How can I open an account on Handelsgatan?

To open an account, visit Handelsgatan's website, navigate to registration, provide your information, agree to terms, and verify your email or phone number.

Does Handelsgatan charge commissions on trades?

No, Handelsgatan does not charge commissions on trades.

User Reviews

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Álvaro Amir
more than one year
So love the customizable features on Handelsgatan's platform. I can tailor the interface to my trading style and preferences. Trading so easy here!
So love the customizable features on Handelsgatan's platform. I can tailor the interface to my trading style and preferences. Trading so easy here!
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2024-07-10 18:10
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Morky
more than one year
Yeah, the thing is I experienced multiple freezes when the market was going against me. And then finally, they just straight up disconnected me totally when it was pretty obvious the market was turning - and I was actually in profit at that point. I took some screenshots with my trading journal showing the freezes and then after I reacted, they turned it back on. I opened a ticket with them about it, but they didn't really give me any kind of explanation. It was pretty frustrating, you know?
Yeah, the thing is I experienced multiple freezes when the market was going against me. And then finally, they just straight up disconnected me totally when it was pretty obvious the market was turning - and I was actually in profit at that point. I took some screenshots with my trading journal showing the freezes and then after I reacted, they turned it back on. I opened a ticket with them about it, but they didn't really give me any kind of explanation. It was pretty frustrating, you know?
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2024-04-16 17:23
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