What is Refinedesktrade？
Refinedesktrade is an unregulated trading platform offering a variety of financial services and account types to clients. It facilitates trading across multiple asset classes, including currencies, commodities, and cryptocurrencies. The platform also provides traders with varying levels of leverage based on account types.
Pros & Cons
Pros:
Multiple Market Instruments: The platform offers diverse Market Instruments, including 100+ assets, Currency, Commodities, Cryptocurrencies, catering to various trading needs and experience levels.
Diverse Account Types: The platform offers diverse account types, including the Starter Account, Basic Account, Bronze Account, Silver Account, Gold Account, and Platinum Account, each tailored to accommodate traders with varying levels of experience and capital.
Multiple Customer Support Channels: Refinedesktrade provides various customer support channels 24/7 including phone, email, and contact form.
Cons:
No Regulation: The lack of valid regulation raises significant safety and trust concerns, as regulatory oversight is crucial for ensuring customer protection and platform transparency. There are also reports of being unable to withdraw and scams, adding to the cons of the platform.
Lack of Information on the Trading Platform: The trading platform provided is not explicitly mentioned in the website, leaving traders uncertain about the platform's reliability, features, and compatibility with their trading preferences and strategies.
Is Refinedesktrade Legit or a Scam？
Refinedesktrade currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection.
Market Instruments
Refinedesktrade provides traders with a diverse array of trading instruments, encompassing over 100 assets across multiple asset classes.
Among these assets are currencies, offering traders the opportunity to engage in forex trading with major, minor, and exotic currency pairs. Additionally, traders can explore the commodities market, with access to various commodities such as gold, silver, oil, and agricultural products.
For those interested in the burgeoning cryptocurrency market, Refinedesktrade offers a selection of popular cryptocurrencies, enabling traders to speculate on the price movements of digital assets like Bitcoin, Ethereum, and Litecoin.
Account Types
Refinedesktrade offers a range of account types tailored to accommodate traders with varying levels of experience and capital.
The Starter Account requires a minimum deposit of $500, providing entry-level access to the platform's features and trading opportunities.
As traders progress, they can upgrade to the Basic Account with a minimum deposit of $3,000, gaining access to additional benefits and enhanced trading conditions.
The Bronze Account, requiring a minimum deposit of $6,000, offers further advantages, followed by the Silver Account with a minimum deposit of $20,000, providing traders with even greater opportunities for portfolio growth.
For more experienced traders seeking premium services, Refinedesktrade offers the Gold Account with a minimum deposit of $50,000 and the Platinum Account with a minimum deposit of $100,000, each offering exclusive benefits and personalized support.
How to Open an Account？
Step 2: Follow the on-screen instructions to input your personal and contact details.
Step 3: Agree to the Terms and Conditions of Refinedesktrade by clicking the checkbox.
Step 4: Complete the captcha verification.
Step 5: Click the button labeled “CREATE ACCOUNT”.
Leverage
Refinedesktrade provides traders with a range of maximum leverage options across its various account types, allowing them to amplify their trading positions and profits.
The Starter Account offers a maximum leverage of 1:300, providing traders with moderate leverage to enhance their trading capabilities while managing risk. For those seeking higher leverage, the Basic Account offers a maximum leverage of 1:500, while the Bronze Account further increases leverage to 1:700.
Traders with the Silver Account gain access to even greater leverage, with a maximum of 1:1000, enabling them to magnify their trading opportunities. The Gold and Platinum Accounts offer exceptionally high leverage, with both providing a maximum leverage of 1:5000, catering to experienced traders who require significant leverage for their trading strategies.
Spreads
Refinedesktrade provides traders with competitive spreads across its range of account types, ensuring cost-effective trading and efficient execution of trades.
The Starter and Basic Accounts offer spreads starting from 3.3 pips, providing traders with accessible entry points into the market. As traders progress to higher-tier accounts, the spreads become increasingly tighter, enhancing trading efficiency and reducing trading costs.
The Bronze Account offers spreads from 2.2 pips, followed by the Silver Account with spreads from 1.5 pips, and the Gold Account with spreads from 1.0 pips. Traders with the Platinum Account enjoy the tightest spreads, starting from just 0.5 pips, allowing for optimal trading conditions and maximizing the potential for profitability.
Deposits & Withdrawals
Refinedesktrade offers a variety of payment systems for deposits, including Bitcoin, Litecoin, Ethereum, Payeer, and Perfect Money. Deposits made in USD are credited to your balance instantly, while Bitcoin deposits require 3 network confirmations, which can take anywhere from 10 minutes to 12 hours. Be sure to match the deposit amount exactly to what you specified to avoid processing delays. If you encounter any issues, contact their support team. Withdrawals are generally processed instantly, but may take up to 48 hours in rare cases.
Customer Service
Refinedesktrade provides a comprehensive and accessible customer support network. Their support team can be reached 24/7through different channels for ultimate convenience.
Phone: +27 011 881 5488;
Email:support@refinedesktrade.com
Address: 30 Old Edinburgh Road, Bellerby(DL8 5AS), United State
Contact form
Live chat
Conclusion
In conclusion, Refinedesktrade offers an extensive range of trading instruments, various account types, high maximum leverage, and a wide range of accepted payment methods, making it an advantageous platform for various investors with varying investment styles and goals. However, the lack of valid regulation raises significant concerns about the safety and trustworthiness of the platform.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
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