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TradeTime
Rating: Rated with 2 stars
Binary Option Programs Award
Min. Deposit
$500
Min. Investment
N/A
Regulated Broker
No

TradeTime Broker Review

  1. TradeTime

    Launched in 2017, TradeTime is a non-regulated Forex and CFDs broker leading a ‘customised trading revolution’ making trading more personal. TradeTime is the first broker to provide retail traders with the opportunity to create customized trading accounts that are designed to ‘generate targeted results’. Customers get free trading signals on the MT4 ‘next generation’ platform that’s convenient and easy to use across all internet connected devices. To find out more about this industry innovator and the TradeTime customized trading experience, read our in-depth review below.

    TradeTime Trading Account Features

    TradeTime is an innovative broker that lets clients customize their accounts according to their needs and on their terms. Notably, TradeTime lets customers select from a range of options to build their personal trading accounts and pace their trading according to their personal rhythm.

    What makes TradeTime different is that prospective clients select the amount of investment that they are prepared to make to the account initially, and the type of markets that interest them. Notably, the kinds of features incorporated into trading accounts, including the amount of leverage, depend on the size of the initial deposit that customers are prepared to invest. From what we could see on the website, the initial deposit should be at least $500 and leverage available is up to 1:300. The next step for new customers is to add some character to their account with a nickname and an image, making trading much more personal than with other brokers. Moreover, account holders receive trading signals free of charge by SMS or email. The service provides 250 signals per week with an average success rate of 82% (calculated over two weeks).

    TradeTime customized accounts have fixed and variable spreads from 0.0 pips, depending on the initial investment size. We found the spreads shown on the website, very wide in comparison to many comparable retail Forex brokers. Importantly, customers who prefer to make a small initial investment must accept wider spreads than clients who invest more money from the outset. It’s worth noting that spreads are used by online brokers to earn revenue and cover the costs of the services provided to customers using the trading platform.

    TradeTime Trial Account

    Traders can set up their customized account and practice risk-free on the trading platform for up to 9 days with trial signals. Signals are no longer sent after the 9th day, if customers do not make a real money deposit.

    TradeTime Bonus

    Customers at TradeTime are usually offered a voluntary bonus that can be accepted or rejected. The bonus comes with strict terms and conditions that should be considered carefully before accepting. Traders must fulfill a trading volume of at least 5,000 X the amount of the deposit and the bonus, before withdrawing the bonus money. Notably, traders have just 44 market days to complete the trading requirements which is a short period of time.

    We were pleased to see that traders are permitted to withdraw deposited funds from their trading accounts while the bonus is still active. However, profits from trading with funds in the account can’t be removed until the bonus requirement is completed. We were pleased to see that traders who don’t manage to fulfill the bonus requirements within the allocated time, don’t get penalties but only the bonus is removed, and traders continue trading as usual.

    TradeTime Trading Software

    Customers get instant access to the TradeTime ‘Next Generation’ MetaTrader4 suite of platforms devised to converge with the customized trading accounts. The MT4 platform has robust core-industry standard features built-in. Additionally, it features integrated trading signals created by TradeTime market analysts, advanced charts, customizable indicators and an instant response to trading alerts.

    Notably, traders receive daily trading signals, only if they execute at least one trade every 30 days with TradeTime. Traders also have access to a profit calculator that lets them work out their trade’s outcome and see immediately how well the trade performed.

    The TradeTime MT4 trading platform currently offers 490 instruments on the trading platform, including 60 major and minor Forex pairs, CFDs in Bitcoin cryptocurrency, commodities, shares, indices, energy and metals. However, the Expert Advisors and auto trading functions usually included on the MT4 are not activated on the TradeTime MT4 platform. The MT4 platform can be downloaded to desktop directly from the TradeTime platform and the mobile apps for trading on Android and iOS-powered phones and tablets are available in the Apple app store and Google Play.

    TradeTime Customer Support Information

    Traders at TradeTime can rely on the 24/5 customer support through the live chat on the interface. Additionally, a list of seven international numbers including the UK, France, and Sweden are indicated on the home page under ‘Call Us’. Alternatively, customers can send separate email inquiries to support, finance and compliance, depending on the topic.

    Further support is provided through the diverse range of information in the Support Centre on the TradeTime website and the Blog. Topics included cover funding trading accounts, trading platform features, margin, and orders, as well as general ‘troubleshooting’. As far as we could see, TradeTime doesn’t offer a dedicated education center with video tutorials. However, it may be offered to customers with registered real money trading accounts.

    TradeTime Payment Methods

    Customers at TradeTime can fund their accounts using debit/credit cards, a broad range of electronic payment methods and bank transfers. Importantly, the minimum deposit to fund any type of customized account is $500. Withdrawal requests are submitted through ‘my account’ and can only be processed if customers close open positions on the trading platform or they have sufficient ‘free margin’ in their trading accounts. Moreover, for security reasons, withdrawals are sent to the same account used to deposit to TradeTime and by the same payment method. TradeTime has a schedule of brokerage fees, commissions, special service and other fees that can only be viewed by registered customers. We recommend that traders check the schedule before they start trading to be sure of the exact costs involved.

    Financial transactions between TradeTime and customers are handled by Capital Process Ltd, registered and operating under the laws of Bulgaria with company ID 204264063. The address is City of Varna 9009, District Varna, municipality of Varna, a region of Vladislav, Varnenchek, Business park Varna 8.

    TradeTime is an unlicensed broker, owned by Almandex Group LTD, with a registered office at the Financial Centre Stoney Ground, Kingston, Saint Vincent, and the Grenadines. TradeTime ensures customers’ funds and keeps them segregated in bank accounts used only for clients’ trading activity. This means that the traders’ funds don’t appear in the company’s balance sheet and can’t be used for company expenses if the brokerage should become insolvent.

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