F1Trade-Overview of Minimum Deposit, Leverage, Spreads

Note: Since F1Trades official site (https://f1-trade.kayako.com) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.

General Information & Regulation

F1Trade is allegedly a stock broker registered in Saint Vincent and the Grenadines that provides its clients with desktop and mobile trading through the DAS platform. Unluckily, we cant find other more detailed information about this broker on the Internet.

Market Instruments

F1Trade presents itself as the best stock broker, so it mainly offers stock trading, as well as options and equities.

Accounts

F1Trade states that the $100 account and a whole account balance or a portion will be liquidated.

Leverage & Margin

F1Trade says that leverage is only applicable to accounts with equity exceeding $500, but we didn‘t find any other detailed information about the maximum leverage ratios. Whatever, bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage. Besides, if the account exceeds 6:1 margin during intra-day trading (9:00 am-3:30 pm) EST; account exceeds 2:1 margin beginning at 3:30 pm EST; if you’re using margin to trade options, OTC Markets, any stock below $3.00; sub-penny stock; or sing magic with equity less than $500, a $25 Margin Call fee will apply.

Trading Platform Available

When it comes to trading platforms available, F1Trade offers desktop and mobile trading through the DAS platform. Anyway, we suggest you use MT4 or MT5 as the trading platform. MetaTrader is the most popular forex trading platform, which the traders praise for its stability and trustworthiness. It features sophisticated trading tools such as Expert Advisors, Algo trading, Complex indicators and Strategy tester. Metatrader created a marketplace with currently 10,000+ trading apps the traders can utilize to achieve better results. Both the MT4 and MT5 have mobile APPs, trading can be done from anywhere and at any time through the right mobile terminals including iOS and Android devices.

Customer Support

F1Trades customer support can be reached by telephone: +18339612223, email: trade@f1trade.com. Company address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent and the Grenadines.