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Northstate

Switzerland|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|

https://northstate.io/

Website

Rating Index

Contact

+41 445 087 408
support@northstate.io
https://northstate.io/

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

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Contact number

English

+41 445 087 408

Broker Information

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Company Name

Long Creek Partners LTD

Company Abbreviation

Northstate

Platform registered country and region

Switzerland

Company website

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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-19
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

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Northstate · Company Summary

General Information

Northstate presents itself as a Switzerland-based brokerage that provides its customers with supreme trading platforms and wide-variety of trading assets. It also hypes that it offers up to 600:1 leverage and over low spreads.

Market Instruments

Northstate advertises that it offers various trading instruments, including forex, gold and silver, shares and cryptocurrencies.

Account Types

There are four trading accounts offered by Northstate, namely Junior, Standard, Premium and Partner. The minimum initial deposit to start a Junior account is $250, while the other three accounts require much higher initial capital, $2,500, $25,000, and $50,000 respectively.

Leverage

Maximum leverage is significantly affected by what type of accounts you are holding. The maximum leverage in the Junior account is up to 600:1, the Standard account is 500:1, the Premium account is 200:1, while the Partner account is 100:1. Keep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Minimum spread is significantly affected by what type of accounts you are holding. The minimum spread in the Junior accounts is 2.3 pips, the Standard account is 1.3 pips, and the Premium and Partner accounts are both 0.3 pips. No specific information about commission is involved on the website.

Trading Platform Available

When it comes to trading platforms available,Northstate gives traders only one choice: Meta Trader 4. MT4, as one of the most functional and powerful trading platforms on the market, features an intuitive, user-friendly interface, advanced charting and analysis tools, as well as copy- and auto-trading options.

Deposit & Withdrawal

Northstate accepts credit cards and wire transfers. There are no obvious options for using popular online payment platforms such as PayPal, Skrill, or Neteller. It charges $/€/£ 50 for wire transfer, $/€/£ 25 for credit cards plus a processing fee of $10.00 /€7.00 /£5.00, and $/€/£ 25 for e-payments. And there is also an additional 10% charge if the account has not executed more than 200 in turnover and/or from accounts that have not been verified. It is very important to note that if you did not login and trade from your account within six months, your account will be subject to a deduction of 10 % each month.

Customer Support

Northstates customer support can be reached through telephone: +41445087408, email: support@northstate.io.

User Reviews

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大宝51570
more than one year
I was a user of Northstate's website for a long time and found their services to be quite satisfactory. However, when I recently tried to access their website, I was redirected to a completely different website. It seems that Northstate's website has been taken down and replaced with a new website from a different company. Luckily I've withdrawn all my money.
2023-03-20 18:02
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清柠
more than one year
I searched a lot about trading but felt sceptical to invest then I stumbled upon Northstate which gives the option to start trading by investing only 250 dollars. Now I am earning a good amount from the site and can safely say that it's legit.
2023-03-03 15:17
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