TradeMTF-Overview of Minimum Deposit, Spreads & Leverage
abstrak：TradeMTF is an offshore forex broker registered in Marshall Islands, offering its clients a range of trading instruments, such as forex, commodities, indices, stocks and more. Besides, traders with this brokerage can have five trading accounts to choose from, leverage up to 1:500.
TradeMTF 1171921470
Since TradeMTFs official website is temporarily down for the moment, we could only piece together this brokerage house through gathering some relevant information from other websites.
General Information
TradeMTF is an offshore forex broker registered in Marshall Islands, offering its clients a range of trading instruments, such as forex, commodities, indices, stocks and more. Besides, traders with this brokerage can have five trading accounts to choose from, leverage up to 1:500.
TradeMTF is said to be owned and operated by TMTF Ltd, a company registered offshore, not subject to any regulation. Please be aware of the risk.
Market Instruments
With TradeMTF, traders can get access to a wide selection of trading instruments, including Foreign Exchange, Commodities, Indices, Stocks, Cryptocurrencies.
Account Types
A total of six trading accounts are available with TradeMTF to satisfy different traderss trading needs and trading goals, namely Classic, Silver, Gold, Platinum, TNTF Premium and Islamic accounts. To open a most basic account, Classic account, investors need to fund at least $200 into their accounts, which is acceptable. While the minimum initial deposit for another four account: Silver, Gold, Platinum, TNTF Premium, are from $2,500, $5,000, $15,000, $25,000, respectively, absurdly high in comparison to most brokerages.
Leverage
The maximum trading leverage offered by TradeMTF is up to 1:200, a solid leverage option, which can suit most traders. Inexperienced traders or beginners are not advised to use too high leverage, as it can magnify gains as well as losses.
Spreads
Spread is determined by trading accounts. The spreads offered by the Classic and Islamic accounts are from 3 pips, Silver and Gold accounts from 2.5 pips, the Platinum account from 2 pips, and TNTF Premium account from 1.5 pips.
Deposit & withdrawal
Although TradeMTF says the minimum deposit amount is $200, however, it varies depending on payment methods. Traders who use a credit/debit card to make a deposit will fund at least 250 EUR/GBP, and the minimum deposit amount is 3,000 EUR/GBP through wire transfer.
TradeMTF allows its clients to make a deposit and withdrawal through Credit/Debit Cards, Bank Wire, Skrill, and Neteller.
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