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Existrade

Saint Vincent and the Grenadines|5-10 years|
White label MT4|Regional Brokers|High potential risk|

http://existrade.com

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

WorldForex-Demo

Germany
MT4
2

Influence

D

Influence index NO.1

Malaysia 2.52

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
WorldForex-Demo MT4
Server Location Germany

Influence

Influence

D

Influence index NO.1

Malaysia 2.52

Surpassed 38.37% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 8704798221
support@existrade.com
http://existrade.com
Suite 305, Griffith Corporate Centre, Beachmont Kingstown St.Vincent and the Grenadines

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 8704798221

Other ways of contact

Broker Information

More

Company Name

EXISTRADE LTD

Abbreviation

Existrade

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-07-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Existrade · WikiFX Survey

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Existrade · Company Summary

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 contained in this article is for general information purposes only.

General Information

Existrade Review Summary
Founded 2007
Registered Country/Region Saint Vincent and the Grenadines
Regulation No regulation
Market Instruments CFDs, Crypto, metals and oils
Demo Account Unavailable
Leverage N/A
EUR/ USD Spreads from 0.2 pips
Trading Platforms MT4, MT5
Minimum Deposit $1
Customer Support 24/7 phone, email, live chat, online messaging

What is Existrade?

Existrade, a company established in 2007 and registered in Saint Vincent and the Grenadines, provides a range of trading instruments across various asset classes. Existrade offers its clients access to well-regarded trading platforms, namely MT4 and MT5. These platforms are widely recognized and respected in the industry, providing clients with comprehensive tools and features for trading in different markets. Existrade also emphasizes competitive spreads, with rates starting from as low as 0.2 pips.

However, it is important to note that Existrade currently lacks valid regulation, resulting in a lack of government or financial authority oversight of their operations. This absence of regulation introduces inherent risks associated with investing with the company.

Existrade's home page

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
• Competitive spreads • Not regulated
• A range of trading instruments • Limited educational resources
• MT4 and MT5 supported • No social media presence
• Low minimum deposit
• Phone and email support available
• Live chat available

Existrade Alternative Brokers

There are many alternative brokers to Existrade depending on the specific needs and preferences of the trader. Some popular options include:

  • Axi – A well-regulated and respected trading broker with a range of advanced trading tools, making it an excellent choice for professional traders seeking advanced trading capabilities.

  • AETOS - A global forex and CFD broker providing competitive trading services and advanced trading platforms to traders worldwide.

  • IG - A comprehensive trading platform with a range of trading tools and educational resources for all levels of traders.

Is Existrade Safe or Scam?

Existrade currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. It makes investing with them risky.

If you are considering investing with Existrade, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.

Market Instruments

Existrade offers a variety of trading instruments across different asset classes, including CFDs, crypto, metals and oils.

  • CFDs (Contracts for Difference):

CFDs allow traders to speculate on the price movements of various financial instruments without owning the underlying asset. This means you can trade on the price movements of stocks, indices, commodities, and more, without actually buying or selling the assets themselves.

  • Crypto:

Crypto trading involves buying and selling cryptocurrencies like Bitcoin, Ethereum, and other digital assets. Crypto markets are known for their volatility and potential for profit, making them an attractive option for traders. It's important to note that the crypto market operates 24/7 and is decentralized.

  • Metals:

Trading metals, such as gold, silver, platinum, and palladium, can be done on Existrade. These commodities are often seen as a safe haven during uncertain economic times and are traded in global markets.

  • Oils:

Existrade offers trading in oil and other energy commodities. Crude oil is one of the most actively traded commodities globally. Its price is influenced by factors such as supply and demand dynamics, geopolitical events, and economic indicators.

Market Instruments

Spreads & Commissions

Existrade offers competitive spreads starting from 0.2 pips. The spread is the difference between the buy and sell price of a trading instrument, and it represents the cost of executing a trade. A lower spread can be beneficial for traders as it reduces the cost of entering and exiting positions. By offering spreads as low as 0.2 pips, Existrade aims to provide traders with tight pricing and potentially improve their trading profitability.

Additionally, Existrade charges varying commissions based on the chosen payment methods. It is recommended for traders to visit the company's website to obtain detailed information regarding the specific commission fees associated with each payment method. This will help traders make informed decisions regarding their preferred payment options and associated costs.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commission
Existrade From 0.2 pips Variable
Axi 0.4 pips None
AETOS 1.2 pips None
IG 0.6 pips None

Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.

Trading Platforms

Existrade offers its clients the widely acclaimed MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These platforms are widely recognized and trusted by traders worldwide for their user-friendly interface, advanced charting tools, and comprehensive functionality.

MT4 is known for its simplicity and ease of use, making it suitable for both novice and experienced traders. It offers a wide array of technical indicators, charting tools, and automated trading capabilities through expert advisors (EAs). Traders can create and test their own EAs or choose from a vast library of ready-made ones. MT4 also allows for one-click trading, multiple order types, and real-time market news and analysis.

MT4

MT5 builds upon the success of MT4 and provides an even more extensive range of features and tools. It offers additional charting options, timeframes, and technical indicators, empowering traders with more in-depth market analysis capabilities. MT5 supports more order types and enables traders to access multiple markets, including stocks, futures, and options. The platform also includes a built-in economic calendar and a depth of market (DOM) feature for greater market transparency.

MT5

Both MT4 and MT5 support customizable trading strategies, with a rich selection of order types, stop-loss, and take-profit features. Traders can also implement risk management tools, such as trailing stops and hedging capabilities. Additionally, the platforms have built-in communication channels, allowing traders to connect with other traders, share insights, and discuss market trends.

See the trading platform comparison table below:

Broker Trading Platform
Existrade MT4, MT5
Axi MT4
AETOS MT4
IG MT 4, ProRealTime, L2 Dealer, IG Web Platform, and Mobile Apps

Deposits & Withdrawals

Existrade offers its clients a variety of deposit and withdrawal options, ensuring ease and convenience in managing their trading accounts. Clients can choose from a range of payment methods, including bank cards, internet banking, payment systems, and bank transfers.

  • Bank Cards:

For depositing funds, Existrade accepts bank cards from major card providers, allowing clients to use their debit or credit cards to fund their trading accounts instantly. This method is widely accessible and convenient for clients who prefer to use their cards for financial transactions.

Bank Cards
  • Internet Banking:

Internet banking is another convenient option offered by Existrade. Clients can securely transfer funds from their bank accounts directly to their trading accounts using their online banking interfaces. This method provides a seamless and fast way to fund trading accounts without the need for additional payment platforms or intermediaries.

Internet Banking
  • Payment Systems:

Payment systems are also available for deposits and withdrawals on Existrade. Clients can use popular e-wallets and payment services such as PayPal, Skrill, Neteller, and others to transfer funds easily and securely. These payment systems offer a high level of convenience and are widely accepted, making them a popular choice among traders.

Payment Systems
  • Bank Transfers

For those who prefer traditional banking methods, Existrade accepts deposits and withdrawals through bank transfers. Clients can initiate a transfer from their bank accounts to the designated bank account provided by Existrade. While this method may take longer to process compared to other options, it is a reliable and secure option for larger transactions.

Bank Transfers

Customer Service

Existrade offers live chat. With live chat, customers can get their questions answered quickly and receive help with any issues they may have. It's a convenient and effective communication channel that can improve customer satisfaction and increase sales.

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +44 870 479 8221

Email: Administration: backoffice@existrade.com

Technical support: support@existrade.com

Dealing department: dealing@existrade.com

Partnership department: ib@existrade.com

Address: Suite 305, Griffith Corporate Centre, Beachmont Kingstown St.Vincent and the Grenadines

contact details

Conclusion

In conclusion, Existrade is a trading company, offering a wide range of trading instruments across different asset classes. Clients have access to popular trading platforms like MT4 and MT5, providing comprehensive tools for trading in various markets. The company also boasts competitive spreads, starting from 0.2 pips.

However, it is important to note that Existrade currently lacks valid regulation and oversight from any government or financial authority. This absence of regulation introduces inherent risks for investors considering engaging with the company.

Frequently Asked Questions (FAQs)

Q 1: Is Existrade regulated?
A 1: No. It has been verified that this broker currently has no valid regulation.
Q 2: How can I contact the customer support team at Existrade?
A 2: You can contact via telephone, +44 870 479 8221 and email, backoffice@existrade.com.
Q 3: Does Existrade offer demo accounts?
A 3: No.
Q 4: Does Existrade offer the industry leading MT4 & MT5?
A 4: Yes. It offers MT4 and MT5.
Q 5: What is the minimum deposit for Existrade?
A 5: The minimum initial deposit to open an account is $1.
Q 6: Is Existrade a good broker for beginners?
A 6: No. It is not a good choice for beginners because of its unregulated condition.

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