Place Trade Review

Rana Adnan | August 2, 2021

Based in Raleigh, North Carolina, Place Trade is an online trading broker that gives traders access to a range of intuitive trading platforms that are available in desktop, web, and mobile versions. Their clients can trade various financial markets across different asset classes, including stocks, options, ETFs, mutual funds, bonds, and more. The broker does not have any minimum deposit requirements. In addition, no commission is charged on trades.

Broker Pros / Cons
  • Sophisticated & powerful trading platforms
  • Range of educational materials
  • Useful trading tools
  • Multiple financial instruments
  • No minimum deposit
  • No MetaTrader platforms
  • No forex or cryptocurrency trading pairs
  • Limited deposit/withdrawal options


With over two decades of experience in the financial industry, Place Trade is a retail broker that is committed to creating independence for investors. The broker states that they are built on the core values of utmost integrity, loyalty, and respect. Place Trade is a global full-service, discount brokerage firm providing online trading of multiple instruments and optional financial guidance to clients in over 100 market centers, 24 countries, 22 currencies, and 12 languages. They provide traders with various sophisticated trading platforms, educational resources, useful trading tools, and a client support team. The broker has won several industry awards, including the best online brokers 2014 by Barron’s Magazine.

Place Trade Features Overview

Place Trade Features Overview


Place Trade is an online trading broker that is duly registered with FINRA and SIPC. However, it is not registered in all states or jurisdictions. Place Trade does not solicit securities, products, or services in any jurisdiction where it is not authorized to do so.

The broker offers its services to residents of countries and jurisdictions where the use of such services would not be contrary to any local laws or regulations.


Trader Workstation

The broker provides traders with the award-winning Trader Workstation (TWS) trading platform. It is a powerful trading platform that is designed with the active trader in mind. It has a wide range of built-in features and functionalities to suit even the most demanding traders. The platform is fully customizable and provides users with extensive global access to help them to diversify their portfolio or hone in on the widest reach of securities, asset classes, and account types available. Some of the essential features of the TWS include a simplified workspace, news & research, real-time monitoring, algos and trading tools, price/risk analytics, paper trading, and more.

Place Trade Trading Platforms

Place Trade Trading Platforms


In addition to the built-in tools of the provided trading platforms, the broker makes available a good selection of useful trading tools on their website to help traders get an enhanced trading experience. These helpful trading tools include portfolio analyst tools, market scanners, API solutions, risk management tools, smart routing technology, and more.

Place Trade Portfolio Analyst Tools

Place Trade Portfolio Analyst Tools


The broker’s website is replete with several educational resources that are aimed at improving clients’ trading skills and knowledge. These educational resources include trading guides, an FAQ section, an education center, webinars, and a financial news section that keeps traders informed on the latest happenings in the financial markets.


The broker offers the following financial assets: stocks, options, ETFs, mutual funds, bonds, and more.


Place Trade offers the following trading account options: Reg T Margin, Reg T IRA, Cash, or Portfolio Margin account types. The accounts can offer leverage of up to 1:400, depending on the clients location and trading experience.


Place Trade offers 24-hour customer service via regional customer service centers throughout America, Europe, and Asia. The customer service representatives are available Monday through Friday from 8:30 AM to 5:30 PM and by appointment; they can be contacted through telephone and email.


The broker allows traders to deposit and withdraw funds to and from their trading accounts using any of the following payment methods: bank transfers, ACH, checks, and more.


Opening an online account is super easy at Place Trade. You can either dive right into the full application or chose the short form (Fast Track) application and add more securities or countries later if you choose.

Place Trade Account Opening Page

Place Trade Account Opening Page


Compare Broker (vs Our Top 3 Brokers)
Broker FeaturesAvaTradeIGIC Markets
CountryAustralia, Ireland, South Africa, Japan, British Virgin IslandsAustralia, UK, USA, Switzerland, UAE, Singapore, JapanAustralia, Seychelles, Bahamas, Cyprus
Min. DepositMin $250 DepositMin $100 DepositMin $200 Deposit
CommissionFrom $0From $0From $0
InstrumentsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFsForex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, MobileMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, MobileMetaTrader 4, MetaTrader 5, cTrader, Web, Mobile
TypeMarket Maker, STPSTP, ECN, DMAECN
FundingWire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, SkrillWire Transfer, Credit/Debit Cards, PayPalWire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli
Visit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit Broker


Place Trade is an award-winning trading broker that is based in North Carolina, USA. They provide traders with advanced platforms for trading multiple financial markets. Their clients are provided with a good selection of educational resources, useful trading tools, and a client support team. The broker is registered with FINRA and SIPC.

Place Trade Logo

Min $1 Deposit

Founded in 2001, Place Trade is a USA trading broker that gives traders access to a range of intuitive trading platforms so that they can trade various financial markets across different asset classes, including Stocks, Options, ETFs, Mutual Funds & Bonds.

Margin trading is only for sophisticated investors with high risk tolerance.

About the Author

Rana Adnan
I am an introverted long-distance runner and a Forex trader with more than 7 years of experience. Reminiscences of a stock operator was the first book that changed the whole concept of trading for me.

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