Score
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Exposure
Score
Regulatory Index0.00
Business Index6.88
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
Danger
Note: Planet-traders's official website: https://planet-traders.com/ is currently inaccessible normally.
| Planet-traders Review Summary | |
| Founded | 2017 |
| Registered Country/Region | Vanuatu |
| Regulation | No Regulation |
| Market Instruments | forex pairs, stocks and commodities, indices,CFD contracts |
| Demo Account | ✅ |
| Trading Platform | WebTrader |
| Leverage | 1:1000 |
| Minimum Deposit | $100 |
| EUR/ USD Spread | Start from 0.05 pips |
| Customer Service | Online Chat |
| Email: support@planet-traders.com | |
Planet-traders is a broker registered in Vanuatu that provides five kinds of trading tools and also, demo accounts to practice in a risk-free environment. However, its official website is currently inaccessible, and the broker lacks legal regulatory licenses.
| Pros | Cons |
| Multiple Trading Choices | Lack of Legal Regulation |
| Demo Accounts | Limited Contact Channels |
| Tight Spreads | Limited Info on Trading |
| Unavailable Website |
Planet-traders is not subject to any legal regulation. Although it claims to hold a brokerage license numbered 14391 issued by the Vanuatu Financial Services Commission (VFSC), the VFSC has warned that Planet-traders is neither incorporated nor licensed by the VFSC and may be illegally providing financial services. Therefore, you are advised to stay away from this broker.
Planet-traders mainly offers five types of trading instruments, including forex pairs (more than 35 kinds), stocks and commodities (metals), indices, CFD contracts.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ❌ |
| Stocks | ✔ |
| Mutual Funds | ❌ |
| Bonds | ❌ |
| CFD Contracts | ✔ |
Due to the unavailable official website of Planet-traders, information about the specific types of accounts it offers remians unknown. However, it is known that beginners can use the demo accounts provided by Planet-traders for practice. At the same time, it also offers Islamic swap-free accounts.
Planet-traders supports trading through WebTrader, a web-based financial trading platform. The platform is equipped with various technical analysis tools, such as technical indicators and graphical objects, to assist traders in conducting technical analysis and making predictions. However, since Planet-traders does not have a legal license, it is uncertain whether it has obtained permission from WebTrader.
| Trading Platform | Supported | Available Devices |
| MT5 | ❌ | / |
| MT4 | ❌ | / |
| WebTrader | ✔ | Website |
The official website of Planet-traders is inaccessible, and it only allows you to contact them through 24/7 online chat and email: support@planet-traders.com.
Planet-traders is a broker that offers a variety of trading instruments, including demo accounts for practice. However, Planet-traders is not subject to any legal regulation, you are advised to stay away from it.
Is it safe to trade with Planet-traders?
No, trading with Planet-traders is unsafe as it lacks legal license.
What is the minimum deposit required by Planet-traders?
The minimum deposit is $100.
What is the maximum leverage offered by Planet-traders?
The maximum leverage is 1:1000.
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2023-02-22 16:27
