Trade99 Review 2020
Trade99 is an online trading broker that offers its customers the option of trading leveraged CFDs in nine main categories: soft commodities, precious metals, indices, energy commodities, cryptocurrency, currency options/forex, stock options, ETFs, and mutual funds. They provide traders with the sophisticated MetaTrader 5 trading platform, and there is a dedicated customer support team to assist traders. The broker is located offshore and has limited regulations in place to protect investors.
Trade99 Review 2020, Pros & Cons
- MetaTrader 5 trading platform
- Selection of educational resources
- Multiple account options
- Offshore broker
- Limited regulation
- No US clients
- Minimum $300 deposit
- Limited account funding options
In this detailed Trade99 review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Trade99 is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Trade99.
Trade99 Review: Summary
Trade99 is an online trading broker that offers over 190 trading instruments across different asset classes, including soft commodities, precious metals, indices, energy commodities, cryptocurrency, currency options/forex, stock options, ETFs, and mutual funds, for trading online via the highly advanced MetaTrader 5 trading platform. The broker offers multiple trading account options, as well as secure account funding and withdrawal methods. Clients also get access to a selection of educational resources to help improve their overall trading skills and knowledge.
The broker has been honored with several industry awards and recognitions over the years, including the Best Crypto Platform Award by the CoinNewsSpain, and the Best Crypto Startup, which was awarded by CryptoMoonPress, amongst others.
Trade99 Review: Regulation
Trade99 must comply with regulatory guidelines and enables its customers to purchase cryptocurrencies through regulated EU Exchanges licensed to provide Virtual Currency Exchange Services and Virtual Wallet Services.
Trade99 is now also an A-category member of the Financial Commission. With this development, Trade99 now joins the diverse list of ISPs (independent service providers) as well as brokerages that leverage the services provided by the Financial Commission (FinaCom).
Trade99 holds the responsibility of protecting the funds of its users, even in the event of insolvency. Trade99 assures its users the highest level of safety to their funds by keeping them safely out of unauthorized reach.
Trade99 Review: Countries
The broker permits traders from different parts of the world to open an account with them if their countries of residence permit online trading with international brokers. However, they state that they do not provide services to residents of Cambodia, Canada, Cuba, Ghana, Iran, India, Mongolia, Nigeria, North Korea, Panama, Pakistan, Philippines, Syria, Yemen, the United States, and any other jurisdiction where the provision of its services would be unauthorized or in contrast of applicable laws.
Some Trade99 features and products mentioned within this Trade99 review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
Trade99 Review: Trading Platforms
The broker provides it’s traders with the highly advanced MetaTrader 5 trading platform. It is a multi-functional trading platform that offers comfortability and high-tech facilities for successful trading on various financial markets, leveraged cryptocurrency exchanges, and futures markets. MetaTrader 5 is one of the most popular choices for traders today as it provides the opportunity for 24/7 trading from anywhere in the world.
MetaTrader 5 enables the use of automated trading systems including trading robots, a freelance database of strategy developers, copy trading, and the virtual hosting service (Forex VPS). With the MetaTrader 5 trading system, you can take the maximum advantage of any market situation. The platform offers advanced financial trading functions including superfast execution, quick client approval, and modern trading tools for technical and fundamental analysis.
The MetaTrader 5 trading system provides the Market Depth feature, tick chart, Time & Sales information, an exclusive accounting of orders and trades, and unending support of all types of trading orders and execution modes. Two order accounting modes are provided in the platform: the netting mode is adopted on exchange markets, while the hedging method can be used for leveraged cryptocurrency trading. With the One-Click Trading function and the Market Depth option, users can buy and sell currency pairs, equities, and futures with just one click and sell the important demand and supply levels in the market.
MetaTrader 5 is available as a desktop application for Windows and Mac computers and a WebTrader that runs directly on most modern web browsers, such as Chrome, Safari, Firefox, and Edge, thereby eliminating the need to install any additional software. There are also mobile apps that are compatible with Android and iOS devices and can be downloaded from the respective app stores. The mobile trading platform allows traders to trade on the go whenever there is an internet connection.
Trade99 Review: Trading Tools
The broker’s website has no extra trading tools, but the provided MetaTrader 5 trading platform should have more than enough trading tools to satisfy the trading needs of even the most demanding traders.
Trade99 Review: Education
Offline/Online Trading Courses
Trade99 has a wide array of courses to choose from. The range of courses is designed to cater to novices, as well as those with extensive trading experience. These courses offer great insights and trading tips that will eventually enrich your trading experience all the more. The education tool also offers training on how to trade leveraged cryptocurrencies.
Study materials that cover topics on commodity, indices, and stocks, etc. are also provided. Insightful articles are shared with the users which offer them the building blocks to help them in becoming a successful trader.
Personal Trading Coaches
Trade99 offers its users personal trading coaches, who work closely with you and pay due attention to your specific trading requirements.
Trade99 Review: Trading Instruments
Trade99 offers its customers the option of trading leveraged CFDs in nine main categories: Soft Commodities, Precious Metals, Indices, Energy Commodities, Cryptocurrency, Currency Options / Forex, Stock Options, ETFs, Mutual Funds.
Trade99 Review: Trading Accounts & Fees
The broker provides traders with a choice of multiple trading accounts. They include:
Trade99’s Supreme Account is an option for the novice trader and investor. It has a required minimum deposit of the bitcoin equivalent of $300, and it offers access to trade over 190 tradable assets along with daily market reviews.
The minimum balance required to start operating this account type is the bitcoin equivalent of $1,000. It gives traders access to the MT5 trading platform for trading over 190 financial instruments, along with daily market reviews and monthly webinars.
This is the broker’s most popular trading account type. It requires a minimum balance of the bitcoin equivalent of $5,000 to start trading. Clients benefit from daily recommendations, 24-hour live support, monthly webinars, and access to trade on the MT5 trading platform.
This account is geared towards high volume traders and investors. The minimum balance required to operate this account type is the bitcoin equivalent of $10,000. It gives traders access to private sessions, executive updates, VIP trading support, 24-hour live support, daily recommendations, and so much more.
The Eclat Account is provided for the most experienced traders and investors. It has a required minimum deposit of the bitcoin equivalent of $25,000. It offers access to the MT5 platform, monthly webinars, competitive spreads, 24-hour support, daily recommendations, and so much more.
As broker fees can vary and change, there may be additional fees that are not listed in this Trade99 review. It is imperative to ensure that you check and understand all of the latest information before you open a Trade99 broker account for online trading.
Trade99 Review: Customer Service
The broker provides clients with a professional customer service team that is available to offer knowledgeable responses to clients’ inquiries. They can be contacted 24/7 through various support channels, including social media, chat support, Ticket support, accounting support, and the trading desk.
Trade99 Review: Deposit & Withdrawal
The broker accepts a variety of payment methods. They provide a platform where you can create your trading account, and once you have created your trading account, depositing funds is simple, quick, hassle-free, and secure. Funds will appear on your trading account balance within minutes of completing the transaction. The payment methods include:
- Crypto Funding: With Bitcoin and other cryptos
- Alternative Funding: As the name suggests, alternative funding is a source of funding different from the regular conventional funding routes. Some examples of alternative funding include private equity or venture capital, hedge funds, real property, commodities, tangible assets.
- Account Credit Loans — Trade99 offers account credit loans. Through this scheme, you can gain money by using your crypto as collateral and earn a loan supported by your crypto funds.
- Margin and Leveraged Loans: Trade99 offers margin loans that offer its users that extra money required for short-term money needs.
Trade99 Review: Account Opening
You can open a trading account with the broker by simply clicking on the ’open live account’ button on the broker’s website, and a form will appear:
Next, you complete the form: fill in your personal details, submit the necessary KYC documents, and submit. Once your account has been created, you can make deposits and commence trading online when you are ready to do so.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.
Trade99 Review: Conclusion
Trade99 is an online trading broker that offers over 190 trading instruments across different asset classes for trading online via the highly advanced MetaTrader 5 trading platform. There are multiple trading account options, as well as secure account funding and withdrawal methods. Clients also get access to a good selection of educational resources to improve their overall trading skills and knowledge. There is also a dedicated customer support team to assist traders. The trading brokers review team believe that the broker could improve on the regulations.
Trading any form of assets always carries a high level of risk and may not be suitable for all investors. The volatility of the markets has an equally proportional effect on your deposited funds. There might be situations when you make huge gains but at the same time, you might undergo huge losses. You should always be ready for either circumstance.