MeinTrade Review - Is It a Safe Forex Trade Broker? - WikiFX
abstrak：MeinTrade is an unregulated forex broker founded in 2012 and registered in Switzerland. It offers trading on web-based and mobile trading platforms.
| MeinTrade Review Summary | |
| Founded | 2012 |
| Registered Country/Region | Switzerland |
| Regulation | No regulation |
| Market Instruments | Stocks, options, futures, Bitcoin futures, forex, bonds, ETFs and CFDs |
| Demo Account | ❌ |
| Leverage | / |
| Spread | / |
| Trading Platform | Web-based client portal, trader workstation, and mobile trading platforms |
| Minimum Deposit | 0 |
| Customer Support | +41 41 766 70 34 |
| Linkedin, Instagram | |
| Company address: General-Guisan-Strasse 306300 Zug - Switzerland | |
| Regional Restrictions | / |
MeinTrade was founded in 2012 and is registered in Switzerland. It offers a wide range of trading instruments, and provides four trading platforms including web-based and mobile ones. However, it is not regulated, though it does offer client protection with deposit protection accounts. The fee structure is complex, with different fees for various regions and products.
Pros and Cons
| Pros | Cons |
| Various trading instruments | No regulation |
| Client protection provided | No MT4 or MT5 |
| Complex fee structure | |
| Non-English webpages |
Is MeinTrade Legit?
MeinTrade offers deposit protection accounts. Their clients' securities accounts are protected up to USD 30 million (including up to USD 1 million in cash). However, as of now, it is not regulated by any institution.
What Can I Trade on MeinTrade?
MeinTrade supports trading in stocks, options, futures, Bitcoin futures, forex, bonds, ETFs and CFDs.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Stocks | ✔ |
| Bonds | ✔ |
| Options | ✔ |
| ETFs | ✔ |
| Futures | ✔ |
| Bitcoin Futures | ✔ |
| Commodities | ❌ |
| Indices | ❌ |
| Mutual Funds | ❌ |
MeinTrade Fees
MeinTrade charges fees according to different regions and products. Take stock ETFs as examples,
| Land | Fee | Minimum |
| Switzerland | 0.15 % on trading volume | CHF 15.00 |
| United States | USD 0.009 per share | USD 4.99 |
| Germany Xetra® | 0.20 % on trading volume | EUR 8.00 |
| Germany Frankfurt | ||
| Germany Stuttgart | ||
| Germany Tradegate | ||
| Great Britain | GBP 12 (from 50,000 plus 0.05%) | GBP 12.00 |
| France | 0.20 % on trading volume | EUR 8.00 |
| Italy | ||
| Belgium | ||
| Netherlands | ||
| Norway | NOK 0.10 of Trade Value | NOK 98.00 |
| Sweden | SEK 0.10 | SEK 98.00 |
To learn specific fees charged by MeinTrade , you can click: https://www.meintrade.ch/preise-konditionen/.
Trading Platform
MeinTrade offers web-based client portal, trader workstation, and mobile trading platforms. Their trading platforms offer many news, charts, quotes and fundamentals in one platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| Web | ✔ | Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
In MeinTrade, to make a deposit, first log in to the Client Portal using your access data. Select “Transfer&Transfer” from the top - menu and then click “Make a deposit”.
Next, on the new page that opens, click “Use new deposit method”, select your desired deposit currency, and enter the bank details of the account from which you'll make the deposit.
More detials can be learned through: https://www.meintrade.ch/einzahlung/.
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