Score
TTRADE
United States|5-10 years| http://www.ttradefx.com/english/index.html
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic Information
United StatesAccount Information
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Website
ttradefx.com
Server Location
Canada
Website Domain Name
ttradefx.com
Server IP
135.84.191.13
Company Summary
Note: TTRADE' official website - http://www.ttradefx.com/ is currently inaccessible normally.
| TTRADE Review Summary | |
| Founded | 2020 |
| Registered Country/Region | United States |
| Regulation | Unregulated |
| Market Instruments | Forex, commodities, indices |
| Demo Account | ✅ |
| Leverage | Up to 1:400 |
| Spread | From 1.6 pips (Standard account) |
| Trading Platform | MT5 |
| Min Deposit | $200 |
| Customer Support | Tel: +852 51976649 |
| Email: info@ttradefx.com | |
| Regional Restrictions | The United States |
Founded in 2020, TTRADE is an unregulated broker registered in the United States, offering trading in forex, commodities, and indices with leverage up to 1:400 and spread from 1.6 pips on the Standard account via the MT5 platform. Demo accounts are available but the minimum deposit requirement to open a live account is as high as 200 USD.
Pros and Cons
| Pros | Cons |
| Commission-free account offered | US clients are not allowed |
| MT5 provided | Inaccessible website |
| Popular payment options | Unregulated status |
| Limited tradable assets | |
| High minimum deposit requirement |
Is TTRADE Legit?
No, TTRADE currently has no validregulations. Please be aware of the risk!
What Can I Trade on TTRADE?
TTRADE offers trading in forex, commodities, indices. It covers 70+ currencies, including major currency pairs, minor currency pairs, cross-currency pairs.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
| Account Type | Min Deposit |
| Standard | $200 |
| Pro | $20,000 |
Leverage
In TTRADE, the maximum leverage is up to 400:1. High leverage of 400:1 means both high potential rewards and high risks. Extreme market fluctuations can result in significant losses, including the possibility of losing more than the initial investment.
TTRADE Fees
| Account Type | Spread from | Commission |
| Standard | 1.6 pips | ❌ |
| PRO | 0 pips | $7 USD |
Trading Platform
TTRADE provides clients with access to the worlds financial markets through the MetaTrader 5 (MT5) platform (iOS, Android, Mac OS, Windows).
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | iOS, Android, Mac OS, Windows | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
TTRADE accepts payments via wire transfers, China Union Pay (CUP), Skrill, Neteller, etc.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Review 9
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FX1065055973
Colombia
I made operations with the USD-EUR pair and I made a lot of profits with $5,400, knowing that my initial deposit was $1,070, with a very good return, but they did not give me an reply.
Exposure
2022-03-20
FX3429668275
Hong Kong
Cheat customers to transfer th Forex reserves to funds. And unable to withdraw. Be careful with that bilk technique!
Exposure
2020-09-06
FX3429668275
Hong Kong
With the excuse of merging with 222, actually, TTRADE has absconded. Both fund and bonus are unavailable. In this January, I deposited 10 thousand dollars to buy the fund, which is doomed. Chen Ke(Alias: Kevin Chen), the profiteer of the Ponzi Scheme, should refund us.
Exposure
2020-07-04
FX3429668275
Hong Kong
TTRADE released the notice that it would merge with TTrade on last December 23rd. After that, the withdrawal became unavailable. It has been verified as the Ponzi Scheme. Many investors have called the local police. Hope the gang of Chen Wei, Chen Ke(original name:Chen Kaiwen) and Wu Zhuli be seized soon.
Exposure
2020-06-28
落了
Hong Kong
On last December 23rd, with the excuse of upgrading, TTRADE has given no respond. The TT currency used by TTRADE and MSFX.
Exposure
2020-06-17
ttrade诈骗公司
Hong Kong
This person was a fraud of TTRADE , who in collusion with Chen Wei of Ttrade. He has absconded now. Take heed on it.
Exposure
2020-06-14
落了
Hong Kong
On last December 23rd, MSFX suddenly issued an announcement saying that it will carry out merger and acquisition reorganization with British TTRADE . As of June, the company gave no explanation as clients’ deposit becoming fund and profit becoming unavailable. Clients was plunged into abyss. The chairman Chen Wei was out of contact. The agreed break even was nonexistent. In the month, TTRADE and MSFX also invited Ma Nailing to verify the authenticity. Take heed on it. Now they are still engaged in TT currency.
Exposure
2020-06-13
ttrade诈骗公司
Hong Kong
TTRADE, cooperating with Cougar FX , gave no access to withdrawal with the excuse of upgrading, let alone fund income. Chen Wei is simply a fraud.
Exposure
2020-06-09
落了
Hong Kong
On December 23, 2019, Cougar FX suddenly issued an announcement saying that it will carry out merger and acquisition reorganization with British TTRADE. During December 23, 2019 to January 31, 2020, it promised a 10% subsidy to investors. From January 31 to March 31, 2020, no news was released. On April 12, 2020, TTRADE issued a notice saying that the European and American markets were affected by the epidemic, thus original process was partially stalled. It will cooperate with the economic environment and actively follow the old procedures and steps steadily advance. On April 22, 2020, TTRADE released news that: under the influence of many factors such as data connection and trading team during the handover process, it decided to cancel the original trailing products. The balance of the original trailing account will be fully transferred into the fund account, and the profit distribution and bonus activities will be carried out according to the fund issuance requirements. On June 4, 2020, the fund expired, while the fund's profits were not received. There was no news from TTRADE during this period. Chairman Chen Wei directly asked investors to call the police. Currently, Chen Wei is still carrying out financial frauds in China. TTRADE issues TT coins and conducts tradings on Huobi website. I caution you against it.
Exposure
2020-06-08