Score
USTrade
United Kingdom|5-10 years| https://ustrade.io/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
5-10 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed USTrade also viewed..
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Website
ustrade.io
Server Location
United States
Website Domain Name
ustrade.io
Server IP
104.27.172.135
Company Summary
General Information & Regulation
USTrade is said to be US-registered broker that specializes in forex, CFDs, indices and commodities trading. The information on the USTrade website is minimal, and this broker is not subject to any regulation. Please be aware of the risk.
Markets Instruments
MPlus Socials diversified product portfolio includes many forex currency pairs, CFDs on indices, commodities, stock, and even Bitcoin.
Minimum Deposit
USTrade requires a minimum initial deposit of $100. Although this requirement by USTrade seems quite reasonable, traders are not advised to start real trading here given the fact that USTrade does not fall under any regulatory agency.
Leverage
USTrade offers the leverage up to 1:1000. Unregulated brokers love to use high trading leverage to attract traders. Since leverage can amplify returns and potential risks, inexperienced traders are not advised to use too high leverage.
Spreads & Commissions
USTrade advertises that its spreads are as low as 0.1 pips, but when we tested its MT4 in demo environment, we found the spread on the most liquid pair, EUR/USD, floating around 2.2 pips. Most brokerages go below 2 pips for this pair, so this is not a competitive pricing.
Trading Platform Available
In terms of trading platform available, what USTrade offers to its traders is not the industry-recognized MT4 or MT5 trading platform. USTrade does not make this part clear.
Deposit& Withdrawal
We did not find any information on the payment methods used by this broker, nor about any withdrawal conditions. This, combined with the offshore registration of USTrade, and the misleading information on spreads it provides makes us question the brokers credibility.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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