Directrader

General Information & Regulation

Directrader is a forex and CFD broker allegedly registered in Saint Vincent and the Grenadines, a country that has no FX regulator, therefore making the broker unregulated there, no matter if it is incorporated in the country or not.

Markets Instruments

With Directrader, clients can partake in the trading of forex currency pairs, commodities, cryptocurrencies, and stocks.

Minimum Deposit

The minimum deposit is $50. Although this sounds encouraging, traders are not advised to register real trading accounts given the fact that Directrader is not subject to any regulation.

Leverage

The leverage is capped at 1:200, which seems a bit too low for a shady and offshore broker.

Spreads & Commissions

From this web trader we learn that the EUR/USD cost of trade is around 3.7 pips. This spread is useless to traders. The only party that can profit from it, if you allow it to, is the broker.

Trading Platform Available

Directrader offers the WebTrader, which contains some features including Pending orders, stop-loss, take -profit, time frames, live news feed, live TV, and some chart customization tool.

Deposit& Withdrawal

Users can invest by means of a bitcoin wallet, Directa, and Collexo. The minimum deposit is $50. Withdrawals are done through bank transfer, BTC wallet, and a credit card.