USTrade

General Information & Regulation

USTrade is said to be US-registered broker that specializes in forex, CFDs, indices and commodities trading. The information on the USTrade website is minimal, and this broker is not subject to any regulation. Please be aware of the risk.

Markets Instruments

MPlus Socials diversified product portfolio includes many forex currency pairs, CFDs on indices, commodities, stock, and even Bitcoin.

Minimum Deposit

USTrade requires a minimum initial deposit of $100. Although this requirement by USTrade seems quite reasonable, traders are not advised to start real trading here given the fact that USTrade does not fall under any regulatory agency.

Leverage

USTrade offers the leverage up to 1:1000. Unregulated brokers love to use high trading leverage to attract traders. Since leverage can amplify returns and potential risks, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

USTrade advertises that its spreads are as low as 0.1 pips, but when we tested its MT4 in demo environment, we found the spread on the most liquid pair, EUR/USD, floating around 2.2 pips. Most brokerages go below 2 pips for this pair, so this is not a competitive pricing.

Trading Platform Available

In terms of trading platform available, what USTrade offers to its traders is not the industry-recognized MT4 or MT5 trading platform. USTrade does not make this part clear.

Deposit& Withdrawal

We did not find any information on the payment methods used by this broker, nor about any withdrawal conditions. This, combined with the offshore registration of USTrade, and the misleading information on spreads it provides makes us question the brokers credibility.