Registered in the United Kingdom, The SR Trades presents itself to be an online forex broker, offering a series of trading services. The SR Trades offers three account options, with the leverage insanely high, reaching up to 1:1000.
Is The SR Trades safe to trade with？
The SR Trades is pretty vague on who runs it. When it comes to regulation, The SR Trades is not authorized or regulated by any regulatory authorities. Thats why its regulatory status on WikiFX is classified as “No License” and it only manages a score of 1.15 out of 10 overall.
Since a high level of danger comes with trading in financial markets, especially Forex and CFD trading, trading with an unregulated forex broker is a surefire way to lose your money. before deciding which forex broker to use, it is advised that you visit WikiFX to check out forex brokers regulatory information.
The SR Trades offers four trading accounts designed for both retail and professional investors: Micro, Standard, Premium, ECN accounts. The minimum initial deposit for four trading accounts is quite high, it seems like that The SR Trades is ready to extract investors money at the very first by letting them depositing more funds.
To open the Micro account, the most basic one, traders need to fund at least $100, much higher than most reputable brokers requirements, $10 or even less. The minimum initial deposit to open a Standard, Premium, and ECN account is $500, $2,500, and $10,000, respectively.
The SR Trades allows traders to utilize leverage of up to 1:1000, which is much above the levels considered appropriate by many regulators to protect retail traders. However, bear in mind that leverage can magnify your gains or losses by the same factor, so use it with caution. As the ratio of borrowed funds to available resources increases, so does the level of risk taken on by the investor.
Spreads & Commissions
When it comes to trading, the spread is set by the accounts you use. Basically, more account balance you have, the more competitive spreads you can enjoy. For instance, the Micro account with the minimum deposit of $100 gives you the minimum spread of 2 pips, slightly higher than the industry standards. The Standard Premium accounts offers spreads from 1.5 pips, and 1 pips, respectively. The ECN account offers the most competitive spreads, from 0.2 pips, yet with a certain amount of commissions charged.
The SR Trades offers its customers the leading MT4 trading platform.
Metatrader 4 features an intuitive design, and a wealth of analytical
Aside from that, it offers up-to-date financial news and helps facilitate automated trading.
This terminal is the go-to for Forex traders thanks to its cutting-edge trading and analysis tools.
Traders with any inquiries or trading-related issues can get in touch with The SR Trades through the following channels:
Registered Company Address: 2 Infirmary street Leeds LS1 2JP England
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. You can use the leverage to your benefit or to your detriment. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
Please note the information contained in this article is for general information purposes only.