TradeTime Review 2020
Founded in 2010, TradeTime is an online trading broker that offers over 460 trading instruments across different asset classes, such as forex currency pairs, stocks, indices, and various commodities. They provide clients with the popular MetaTrader 4 platform and their own platform, a few useful trading tools, and a trading blog to keep their clients up to date with the events that affect the financial markets.
TradeTime Review 2020, Pros & Cons
- A wide range of tradable assets
- MT4 & proprietary trading platforms
- Some useful trading tools
- Customised accounts
- Limited regulation
- Limited payment options
- Limited educational resources
- No US clients
- Not the lowest spreads
In this detailed TradeTime 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.
TradeTime 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 TradeTime.
TradeTime Review: Summary
TradeTime is an online forex and CFD broker that offers over 460 trading instruments across different asset classes, such as currency pairs, stocks, indices, and various commodities, providing their clients with the popular MetaTrader 4 platform and their own platform, a few trading tools, and a trading blog.
The broker was founded in 2010 by a group of financial and tech professionals who sought to create a high grade, fully integrated, and personalized investment company that offers transparency and security to nurture long term-client relations.
They discovered that timely trade execution and customized accounts that shape themselves around the client’s needs were sorely lacking, so they decided to create a unique trading environment that molds itself to your personal circumstances, thereby offering you the best possible trading environment tailored to your own individual needs.
TradeTime Review: Regulation
TradeTime is a brokerage name operated by Capital Process LTD. The Company is registered and operating under the laws of Bulgaria, Company ID 204264063 located in the City of Varna 9009, District Varna; municipality of Varna, the region of Vladislav, Varnenchek, Business park Varna 8. The broker claims to be regulated by the Vanuatu Financial Services Commission (VFSC).
The broker claims that clients’ funds are fully insured and held in segregated fiduciary bank accounts used only for the purpose of clients’ trading activity. These funds exist off the company’s balance sheet and should not be used to pay for company expenses in the unlikely case of bankruptcy.
TradeTime is required to meet strict financial requirements. These include regular internal auditing and external monthly monitoring by a certified public accountant. The company also maintains an investor compensation fund that is subject to minimum capital requirements and is committed to secured transactions using the latest in digital security measures.
TradeTime Review: Countries
TradeTime offers its online CFD trading services to traders from different parts of the world, provided the local laws in a trader’s country of residence does not prohibit online trading with an international brokerage firm. However, TradeTime states that it does not offer CFD trading to residents of certain jurisdictions including but not limited to the United States of America.
Some TradeTime features and products mentioned within this TradeTime 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.
TradeTime Review: Trading Platforms
The broker provides their clients with their in-house developed proprietary platform and the very popular MetaTrader 4 trading platform which is used by millions of traders all over the globe.
TradeTime’s platform is specially devised to converge with the broker’s vision of high-grade customization while maintaining robust core industry-standard features. It is designed to offer traders a smooth trading experience. The TradeTime’s customized platform is built on core industry standards, but it’s delivered on a newer, more responsive design.
Trade on a tailored platform designed for success and built for you. The platform has the following core features:
- Intuitive and user friendly
- Customized alerts to your needs
- Advanced charts and customizable indicators
- One-click trading
- Rapid execution
MetaTrader 4 Platform
An award-winning trading platform designed by MetaQuotes, the MetaTrader 4 platform (MT4) is one of the most popular trading platforms used by millions of traders worldwide. It has an intuitive interface and is easy to use, making it a common choice for new traders. At the same time, it has advanced trading features that make it very useful to experienced traders.
Generally, MT4 is available as an installable desktop application for Windows and Mac computers, a web trading terminal that runs directly on modern web browsers without the need to install any software, and mobile trading apps that are compatible with Android and iOS devices for those who wish to trade whilst on the go.
The platform combines instant execution with high-quality analysis, expert advisors, and reliable performance, as well as support the creation of custom indicators, scripts, and expert advisors using the MQL5 language. MT4 comes with an advanced charting package with in-built indicators and drawing tools for analyzing the markets.
Some of the main features of the MT4 platform include:
- Over 30 trading indicators and more than 20 drawing tools
- One-click trading
- Advanced charts with real-time order quotes
- Multiple order execution type
- Nine timeframes
- Automated trading with custom EAs and scripts
- Price alert notifications via email, SMS and platform pop-ups
TradeTime Review: Trading Tools
Apart from the tools built into the trading platforms, TradeTime provides clients with a few extra trading tools on its website. One tool is called the Analysis Time; the tool offers clients trading signals to help them confirm their analysis and improve their trading. It delivers about 6 signals per day, and it’s claimed to have an 82% weekly success rate on average but there are no guarantees on results. The signals are delivered via SMS or email. There is also a trading calculator that can be used to calculate profits, pip value, and margin. It can also do currency conversion.
TradeTime Review: Education
The broker has limited educational resources that can help their clients improve their trading knowledge. They have a trading blog that tries to analyze most of the trending news that affects the financial markets, such as economic events and political news and events. Apart from the blog section, the broker does not have any other educational material on its website which is disappointing.
TradeTime Review: Trading Instruments
TradeTime offers online trading services in over 460 tradable instruments, spread across various asset classes, such as forex, indices, metals, stocks, energies, and agricultural commodities.
- Forex: The broker offers more than 60 forex currency pairs across the major, minor, and exotic categories, and the forex market is open 24/5.
- Indices: Some of the major stock indices across the world are available for trading as CFDs, such as DAX 30, CAC 40, DOW 30, FTSE 100, NASDAQ 100, S&P 500, and more.
- Metals: With this broker, you can trade precious metals like gold and silver.
- Stocks: Some of the biggest blue-chip stocks from the world’s leading companies are available for trading.
- Energies: The broker offers trading on key energy commodities, such as Brent Crude Oil, WTI Crude Oil, and Natural Gas.
- Agricultural commodities: There are agricultural commodities available for trading with this broker, such as coffee and others.
TradeTime Review: Trading Accounts & Fees
The broker does not offer multiple standard account types. Instead, they offer clients custom accounts to suit each person’s special needs and circumstances. Custom accounts are TradeTime’s innovative method to personalize trading to the client’s needs while providing a quality brokering service.
You are the one to build your custom account by choosing the parameters that meet your trading needs and goals. Parameters to consider when building your custom account include the market you want to trade and the type of trader you are (your attitude toward risk). After choosing your preferred parameters, the key components of your customized account will be displayed, including the spread, leverage, and minimum trade size, as well as the available trading platforms and whether the account qualifies for trading signals.
The minimum deposit required to create a custom account is $250. There are demo accounts that are funded with virtual money, which you can use to practice your trading strategy in a risk-free environment before going live.
As broker fees can vary and change, there may be additional fees that are not listed in this TradeTime review. It is imperative to ensure that you check and understand all of the latest information before you open a TradeTime broker account for online trading.
TradeTime Review: Customer Service
The broker provides a dedicated and highly responsive customer support service team to answer all clients’ general, technical, and account-related questions, and they are available 24/5 all through trading hours to support you. You can reach them via multiple channels, including email and online chat. There are also about seven phone lines for different nationalities, including France, Sweden, Spain, the UK, and others, through which they can also be reached.
TradeTime Review: Deposit & Withdrawal
The broker accepts a limited number of account funding and withdrawal methods. You can fund your account with credit and debit cards, bank transfers, and a range of online payment methods to facilitate faster processing. However, the broker does not specify the online payment methods they accept. The time it takes to process your deposit depends on the method you use. Bank transfers usually take a few business days to clear, while card payments are usually processed instantly.
To make a withdrawal, you have to submit your request via “my account”. Note that the processing time depends on the method used, and transaction fees may apply.
TradeTime Review: Account Opening
Opening an account with this broker is very simple. All you need to do is click on the “I’m ready to trade” button on the top right corner of the broker’s website, and you will be shown a form to fill.
After filling the form and clicking on the “Trade live today!” button, you will be required to confirm your email and then upload your KYC (Know Your Customer) documents, which includes your proof of identity and proof of address. When your account is approved, you can fund it, create your customized account, and start trading.
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.
TradeTime Review: Conclusion
Overall, TradeTime is an innovative forex and CFD broker that offers over 460 trading instruments across different asset classes, such as currency pairs, stocks, indices, and various commodities. They provide clients with the popular MT4 platform, a few trading tools, and a trading blog. However, the broker is lacking in regulation, funding options and educational materials whilst they do not have the lowest spreads that the trading brokers review team have come across. Furthermore, there is a minimum deposit requirement of $250.
The trading of CFDs may incur a High level of risk as CFDs are a highly leveraged product. Therefore it is hereby highly recommended that traders should evaluate and understand the risk involved prior to opening a trading account.