Overview

Trade Time is a brokerage firm registered in Saint Lucia. The broker offers various trading instruments including Forex, Indices, Stocks, and Cryptocurrencies.

Regulations:

No Regulation

Platforms:

Mt5, Web Trader

Countries they are Dealing:

Not Mentioned

Prohibited Countries:

North Korea, United States, Puerto Rico, Canada, Japan, Iran, Iraq, Lebanon, and Turkey.

Payment Method:

Bank transfers, credit/debit cards, Skrill, Maestro, Bitcoin, Tether, Ethereum etc.

Pros:

  • Multiple account options i.e. Raw, Standard, Fixed and VIP.
  • Competitive Spread
  • High leverage up to 1:1000
  • Segregated accounts

Cons:

  • Not regulated.
  • Limited Geographical reach.
  • Abysmal customer support.
  • Complex Fee Structure
  • Forex Withdrawal issues

Is Trade Time safe for traders?

Trade Time is not a regulated broker and is registered in an offshore zone. Unregulated brokers pose a risk for traders as they do not have any protection against the broker and no place to appeal if things go wrong. They also provide high leverage, which amplifies both losses and profits. Several users have faced issues with forex withdrawals. Traders also complain about not receiving adequate support after losing money. These factors strongly suggest that Trade Time may be a scam company. Therefore, trading with Trade Time is NOT SAFE, as investors could fall prey to forex fraud.

VYFXB Analysis of Trade Time:

Trade Time Broker offers a range of account options, including Raw, Standard, Fixed, and VIP, catering to diverse trading needs. Traders benefit from competitive spreads and high leverage up to 1:1000. The use of segregated accounts adds a layer of security for clients’ funds. However, the broker is not regulated, which raises concerns about its trustworthiness. Its services are limited geographically, and customer support is notably poor. Additionally, the fee structure is complex, and there have been reports of forex withdrawal issues which create a bad trading experience. While Trade Time Broker has some appealing features, these are overshadowed by the shortcomings. It is advisable to conduct due diligence before committing. Reading Broker reviews could provide valuable insights.
Best Forex Broker -VYFXB Scale= 0.5/5