General Information
Registered in the United Kingdom, Areatrading is an online forex broker offering clients over 150 trading instruments, such as Forex, Stocks & Indices through the advanced MT4 trading platform. Investors may choose from two different trading accounts on the Nation FX platform, and the maximum leverage available is up to 1:400.
Is Areatrading safe to trade with？
Areatrading has let us down when it comes to enforcing rules and regulations. This broker has been confirmed to be outside of the purview of any regulatory bodies. In light of this lack of licensing, WikiFX has assigned it a regulatory status of “No License” and an overall quality rating of 1.12 out of 10.
Please be aware of the considerable risk associated with trading with an offshore, unregulated forex broker.
Market Instruments
Areatrading says it gives investors the great flexibility to diversify their investment portfolios. Different types of trading assets, such as Metals, Oil, Commodities, Stocks, Indices, Digital Currencies are all available through this brokerage platform.
Account Types
With the Areatrading platform, three trading account are available: Beginner, Intermediate, and Advanced. The Beginner account is designed for novice forex traders or those who only trade occasionally. To open this type of account, investors need to fund $250, which is considered a high amount.
If you're an experienced trader, you might want to choose the Intermediate account and the Advanced account, with the minimum initial deposit for each account rising much higher accordingly, the Intermediate account from $2,500 and the Advanced account from $25,000, respectively.
How to open an account？
Open an account with Areatrading is a simple and easy process:
1. Click on the “OPEN ACCOUNT” link.
2. Fill in required details, including First Name, Email, Country, Phone, and more.
3. Upload personal data for this brokers verification.
4. After approval, an account will be registered successfully.
Spreads & Commissions
Areatrading says it offers zero-commission trading environment, with its spreads not disclosed, which is quite weird. Maybe you can test its trading platform to check out spreads offered.
Leverage
When it comes to leverage, a key red flag with Areatrading is that it permits traders to use leverage of up to 1:400, which is significantly higher than the levels regarded appropriate by many regulators. This is a common practice for offshore companies, and Nation FX just engages in it to increase its client base.
Trading Platform & Apps
Areatrading fails to provide the industry-leading MT4 or MT5 trading platform, a Webtrader offered instead. Some trading Apps are also available, IOS, Android, Windows, MacOS, Linux.
Payment Methods
The minimum deposit to invest with Areatrading is $250 or equivalent amount of other currencies. Limited payment options with this broker for clients to make a deposit and withdrawal, which mainly include the following:
VISA
Maestro
MasterCard
Wire Transfer
Customer Support
Traders can reach out to Areatrading about any questions or concerns they may have about their accounts or their trading through the following methods:
Telephone: +442030976318
Email: support@Areatrading.io
A contact form
Risk Warning
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.
The information presented in this article is intended solely for reference purposes.
WikiFX
