Place Trade Review

Richard Montana | 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.

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

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AvaTrade is an award-winning broker offering 1250+ instruments including Forex, Cryptos, Stocks & CFDs. They provide user-friendly trading platforms with very low fees, tight spreads & reliable trade execution speeds.

71% of retail investor accounts lose money when trading CFDs with this provider.


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


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

Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.