Trader Platinum-Overview of Minimum Deposit, Spreads & Leverage

General Information

Trader Platinum presents itself as the leading MetaTrader5 forex and CFD broker and fund manager consultant based in UK, offering a complete managed investment solution in the form of a dynamic forex portfolio of “State of the Art” global money managers in the forex trading world, as well as trading and managed account services in currencies, futures, indexes, and other financial instruments with the leverage of 1:400 and 24×5 customer support services.

Market Instruments

Trader Platinum advertises that it offers a wide range of tradable instruments, including CFDs on various asset classes like indices, commodities, stocks and even crypto coins.

Account Types

There are six real trading accounts offered by Trader Platinum, apart from demo accounts, namely Basic, Standard, Premium, VIP, Robot and Tailored. The minimum initial deposit for the Basic account is $250. The other five accounts start at $2,500, $20,000, $50,000 and $5,000 respectively with the exception of the Tailored account where clients need to contact for more details.

Leverage

The clients of different account types enjoy different maximum leverage ratios. The clients holding the Basic account enjoy the leverage as high as 1:100, the Standard account with 1:150, the Premium account with 1:200, the VIP account with 1:400, the Robot account with 1:100, as well as the Tailored account about which no further information is given.

Spreads & Commissions

From the information on the Internet, we only found one piece of information about spreads. It stated that the spread for the benchmark EUR/USD pair was fixed at 3 pips as tested with a demo account. As for commissions, Trader Platinums official website shows that it only takes little commission as a performance fee on profit.

Trading Platform Available

When it comes to trading platforms available,Trader Platinum gives traders the only choice of MetaTrader5. It has two versions: MetaTrader5 and Mobile App. MT5 is an electronic trading platform widely used by online retail foreign exchange speculative traders. As for MetaTrader5 Android & iOS Apps, they are a full-fledged trading platform for smartphones mobile devices. This broker claims that the application is equipped with a complete set of orders, trading history, interactive charts, as well as technical analysis and the widest selection of supported mobile devices. Traders using it can enjoy powerful functionality for trading forex anytime and anywhere in the world.

Deposit & Withdrawal

Trader Platinum accepts payments methods via credit cards like VISA and MasterCard and bank wire. The minimum deposit requirement is $250. From the terms and conditions, we also found that it may charge some deposit or withdrawal fees, for instance, you will have to trade at least 1 lot or $100,000 for every $2 you have either deposited or received as a bonus.

Customer Support

Trader Platinum‘s customer support can be reached through telephone: +447465981122, email: support@traderplatinum.com or send messages online. However, this broker doesn’t provide any more direct contact information about company address while most brokers offer.