Islero Information
Islero is a broker without regulation. It was founded in the previous year in Mauritius. It provides competitive trading conditions, with leverage up to 1:500 and cheap spreads starting at 0.1 pip. Its unregulated status makes it unsafe.
Pros and Cons
Is Islero Legit?
Islero is unregulated with its domain registered on December 23, 2017. Furthermore, notable regulatory bodies like the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK do not oversee Islero.
What Can I Trade on Islero?
A variety of trading products are available from Islero, such as CFDs on stocks, commodities, indices, Forex, and cryptocurrencies. However, bond CFDs are not available.
Account Type
The broker offers three types of live trading accounts: Pro Account , Elite Account, and Islero Premium Account. Each account is different to its individual trading preferences and funding needs.
Leverage
Islero offers leverage up to 1:500 to help traders increase the size of their investments in the market. While high leverage can bring substantial gains, it also increases the risk of losses.
Islero Fees
Islero spreads
Islero's Pro Account offers floating spreads, while both the Elite and Premium accounts feature raw spreads starting from 0. This spread structure can accommodate traders with different strategies and needs.
Trading Platform
The Islero platform supports the MT5 trading system, which allows mobile devices and desktop systems (including Windows and macOS). The platform offers advanced analytical tools and fast execution features, making it particularly suitable for experienced traders.
Deposit and Withdrawal
Deposit requirements at Islero differ depending on the kind of account; for Pro and Elite Accounts, the minimum deposit is$0; for the Islero Premium Account, it is $5,000.
Customer Service
The broker provides 24/7 customer support. If you have any questions, you can contact them via phone, email and live chat.
The Bottom Line
Islero is an unregulated broker with less than a year of experience, which is not safe. It is a good choice for experienced traders because of its low spreads from 0.1 pips and high leverage of up to 1:500.
FAQs
Is Islero good for beginners?
Islero offers Pro and Elite Accounts with no minimum deposit, making it accessible for beginners.
Is Islero good for day trading?
Yes, Islero provides competitive low spreads and high leverage, which can benefit day traders looking for quick execution and cost-effective trades.
Is it safe to trade with Islero?
No, trading with Islero carries risks due to its unregulated status and limited operational history.
Risk Warning
Online trading is risky and not for everyone. Please understand the risks and notice that information may change.
