REVO TRADE Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-11-02 11:18

Abstract：REVO TRADE is allegedly a forex broker registered in the United States that claims to provide its clients with leverage up to 1:500 and floating spreads from 0.0 pips on the MT4 and MT5 trading platforms via three different live account types.

　　Note: REVO TRADE is to operate via the website - https://www.revotrade.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

Feature	Detail
Regulation	No Regulation
Market Instrument	forex, etc.
Account Type	Cent (Micro) & Standard & Raw Spread
Demo Account	N/A
Maximum Leverage	1:500
Spread	Cent (Micro): from 2.0 pips \| Standard: from 1.0 pip \| Raw Spread: from 0.0 pips
Commission	N/A
Trading Platform	MT4 & MT5
Minimum Deposit	N/A
Deposit & Withdrawal Method	cryptocurrency

　　REVO TRADE is allegedly a forex broker registered in the United States that claims to provide its clients with leverage up to 1:500 and floating spreads from 0.0 pips on the MT4 and MT5 trading platforms via three different live account types.

　　As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, minimum deposit, etc.

　　As for regulation, it has been verified that REVO TRADE currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.37/10. Please be aware of the risk.

　　Market Instruments

　　REVO TRADE advertises that it is a forex broker that mainly offers forex currency pair trading.

　　Account Types

　　REVO TRADE claims to offer three types of live trading accounts, namely Cent (Micro), Standard and Raw Spread. However, the broker says nothing about the minimum initial deposit requirement to open an account.

　　Leverage

　　The maximum leverage ratio provided by REVO TRADE is up to 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

　　Spreads

　　All spreads with REVO TRADE are a floating type and scaled with the accounts offered. Specifically, the spread starts from 2.0 pips on the Cent (Micro) account and 1.0 pip on the Standard account, while only the Raw Spread account holders can enjoy raw spreads from 0.0 pips.

　　Trading Platform Available

　　The platform available for trading at REVO TRADE is one of the most notable and preferred trading platforms the market offers - MetaTrader4 and MetaTrader5. The MT4 and MT5 are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.

　　Deposit & Withdrawal

　　According to the information on the Internet, we found that REVO TRADE appears to only accept cryptocurrency deposits and withdrawals.

　　Customer Support

　　REVO TRADEs customer support can be reached by telephone: +1（784）433-6641, email: enquiries@revotrade.com. Company address: C/o Suite 305, Griffith Corporate Centre, Beachmont, Kingston, St. Vincent & Grenadines.

　　Pros & Cons

Pros	Cons
• variable spreads from 0.0 pips	• No regulation
• MT4 & MT5 supported	• Website inaccessible
	• Only cryptocurrency payments accepted

　　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.

　　Frequently Asked Questions (FAQs)

Q 1:	Is REVO TRADE regulated？
A 1:	It has been verified that REVO TRADE currently has no valid regulation.

Q 2:	Does REVO TRADE offer the industry-standard MT4 & MT5？
A 2:	Yes. Both MT4 & MT5 are available at REVO TRADE.

Q 3:	Does REVO TRADE charge a fee？
A 3:	Like every forex broker, REVO TRADE charges a spread fee. While the information on other fees like commissions, deposit & withdrawal processing fees are missing.

Q 4:	Is REVO TRADE a good broker for beginners？
A 4:	The REVO TRADE brokerage is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.