TradersHome Review 2020

TradersHome is an offshore unregulated brokerage offering trading online via the sophisticated and powerful MetaTrader 5 platforms for web, desktop and mobile devices (iOS & Android). The broker has a selection of various asset classes to trade, flexible account types and funding options. Despite this, our broker review team consider the educational materials, social trading and regulation to be lacking when compared to other online brokers.

TradersHome Review 2020, Pros & Cons
  • Good range of trading instruments across multiple asset classes
  • MetaTrader 5 platform with many built in tools
  • FIxed & variable spread accounts
  • Commission free accounts
  • Variety of account funding options
  • Unregulated brokerage firm
  • No USA clients
  • Lacking educational materials for beginners
  • Limited additional trading tools
  • No social trading platform
  • No PAMMs
  • Minimum $250 deposit to start trading online

In this detailed TradersHome review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

TradersHome is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including TradersHome.

TradersHome Review: Summary

TradersHome is a trading broker that offers access to international markets in multiple asset classes including forex, stocks, commodities and cryptocurrencies. They provide trading services to clients in over 100+ countries all around the globe. You can trade online with the reliable MetaTrader 5 platform, 400+ trading instruments to choose from and flexible leverage up to 1:400. The broker utilises a no dealing desk (NDD) and ECN model with zero transaction fees.

TradersHome Review: Broker Features

TradersHome Review: Broker Features

TradersHome Review: Regulation

TradersHome is based out of Saint Vincent and The Grenadines. They are not regulated and for this reason alone we would look for an alternative online broker. Most experts would not consider trading with an unregulated brokerage as you do not have the same protection as you would with a regulated broker.

The broker claims to hold client’s funds separate from the company’s funds so they should not be able to be used for other purposes such as business running costs. They implement a secure SSL-encrypted funding system sets your transactional information totally confidential and beyond reach to third parties.

TradersHome Review: Countries

TradersHome do not accept traders from the USA and some other countries where restrictions apply. The broker states that it is under your full responsibility to check whether the services comply with the regulations in your respected jurisdiction.

Some TradersHome broker features and products mentioned within this TradersHome review may not be available to traders from specific countries due to legal restrictions.

TradersHome Review: Trading Platforms

TradersHome Review: MT5 Platform

TradersHome Review: MT5 Platform

MetaTrader 5

Clients get access to one of the world’s most popular trading platforms, MetaTrader 5 (MT5). MT5 is a user-friendly platform that is packed with a vast range of useful trading tools for analysing the charts to find potential trade opportunities. It has built in risk management tools and an economic calendar to track news releases. You can load multiple chart types over multiple timeframes and customise the platforms layout to suit your preferences. MT5 support automated trading with expert advisors (EAs) which can be tested over historical data using the multi-currency strategy tester.

Some of the key MT5 platform features include:

  • Fully customisable & user-friendly interface
  • Bid/ask real time price quotes in market watch window
  • Level 2 depth of market (DOM) pricing
  • Multiple chart types, timeframes & styles
  • Technical indicators & drawing objects for analysing charts
  • Set price alert notifications
  • Automated trading with EAs
  • MQL community to share trading tools & ideas
  • Programming interface to create customised indicators, EAs & scripts
  • Available for desktop, web and mobile devices (iOS & Android)

TradersHome Review: Trading Tools

The MT5 platform is likely to have more than enough tools available for most retail traders needs which is good because the broker does not offer many additional standalone trading tools to complement these.

Bitcoin Calculator

The broker has an easy-to-use Bitcoin calculator to find out the current Bitcoin value.

Economic Calendar

There is an economic calendar where you can see the latest financial news release along with the impacts that they may have on the markets – often used as part of fundamental analysis. This can be customised to see only the news that affects the countries and sectors that you are interested in.

TradersHome Review: Education

The educational resources on the brokers website are lacking. There are no trading guides, tutorial videos, webinars, etc.

Technical Analysis

The broker has a section on the website where they share technical analysis on selected assets. This is updated frequently and can be used to help inspire trade ideas.

TradersHome Review: Trading Instruments

The broker offers multi-asset trading including forex currency pairs, cryptocurrencies, equities, stocks, commodities and derivatives all from one trading account.

Global Currencies

Trade the currency exchange markets on over 90 FX currency pairs. Forex trading is available 24 hours a day 5 days a week. The spreads start from 0.3 pips.

Spot Commodities

Trade on a good selection of commodities. Spot Gold from 0.4 pips, Spot Silver from 3 pips, and Crude Oil from 6 pips.

Spot Indices

The spot indices allow you to invest in various market segments with short commissions and fair pricing.

Spot Energies

You can trade spot energies including WTI Crude Oil, Natural Gas and Brent with transparent execution.

Cryptocurrencies

There are top cryptocurrencies for trading such as BTC, BCH and ETH. Clients can invest on the rising and falling prices of the market with 0 commission fees.

Spot Shares

With TradersHome you can buy and sell more than 1,000 shares in the world’s leading global companies.

TradersHome Review: Trading Accounts & Fees

TradersHome have a selection of different trading account types to cater to individual traders needs. The minimum deposit starts from $250 and leverage of up to 1:400 is available. Spreads are fixed or variable. Islamic swap-free accounts are available upon request as are demo accounts if you wish to practice your trading strategies with virtual funds,

Student

  • Deposit $250
  • 0.1 Min Lot Size
  • MetaTrader 5
  • Mobile Trading
  • 24 Hour Trading

Starter

  • Deposit $2,500
  • 0.1 Min. Lot Size
  • MetaTrader 5
  • Mobile Trading
  • 24 Hour Trading
  • Islamic Account

Premium

  • Deposit $10,000
  • 0.1 Min. Lot Size
  • MetaTrader 5
  • Daily Analysis
  • Mobile Trading
  • Islamic Account
  • Account Manager

Advanced

  • Deposit $25,000
  • 0.1 Min. Lot Size
  • MetaTrader 5
  • Mobile Trading
  • Account Manager
  • Daily Analysis

Pro

  • Deposit $50,000
  • 0.1 Min. Lot Size
  • MetaTrader 5
  • Islamic Account
  • Account Manager
  • Daily Analysis
  • Fixed Spread

VIP

  • Deposit $100,000
  • Ask your account manager for additional benefits

As broker fees can vary and change, there may be additional fees that are not listed in this TradersHome review. It is imperative to ensure that you check and understand all of the latest information before you open a TradersHome broker account for online trading.

TradersHome Review: Customer Service

Customer support is provided 24/5 via live chat, email, telephone and social media. There is also a contact form on the brokers website.

TradersHome Review: Deposit & Withdrawal

TradersHome support quick account transactions. You can fund your account anytime, anywhere through easy and secured payments methods including bank wire, credit/debit card and online payment systems such as Neteller and Skrill. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.

Some fees may be charged when using certain payment methods. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.

Transfers between trading accounts can be done from within your profile page. Go to the Withdrawal section and choose Inter Account Transfer. A confirmation link will be sent to your registered email.

Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. TradersHome strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your TradersHome trading account.

Accounts can be opened USD, GBP, EUR. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

TradersHome Review: Account Opening

You can open an account and trade instantly in the real-time markets. There is a short online application form to complete. You will need to verify your email address and upload some personal identification documents such as a passport along with proof of address which can be a utility bill. Once your account has been verified you will be able to fund it using any of the convenient methods provided. Once you fund your account, you will receive new credentials for your platform then you can start trading.

TradersHome Review: Application Form

TradersHome Review: Application Form

TradersHome Review: Conclusion

TradersHome is a trading broker with a good selection of FX currency pairs for trading online through the sophisticated and powerful MT5 platform. They also have a range of non-FX assets and flexible account types including fixed and variable spreads. There is a variety of funding options including online payment gateways.

However, the broker does not provide many educational resources or additional trading tools. There are also no social trading platforms integrated. The main concern for us is the brokers lack of regulation. Most experts would advise against trading online with an unregulated broker as you may not get the same protection or peace of mind you would with a regulated broker. You can see some regulated brokers on our list of best trading brokers.

Trading currency pairs and derivatives on margin holds with a high level of risk may not be suitable for all types of investors. Before proceeding to trade with currency pairs or derivatives, cautiously opt your investment intentions and understand the risk exposure involved.

Min $250 Deposit

TradersHome is an offshore unregulated brokerage offering trading online via the MT5 platform. The broker has a selection of various asset classes, account types & funding options. Educational materials, social trading & regulation is lacking.