Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Reliable Trade

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

https://reliable-trade.com/

Website

Rating Index

Contact

+1 (838) 201-3025
support@reliable-trade.com
https://reliable-trade.com/

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

+1 (838) 201-3025

Broker Information

More

Company Name

Reliable Trade

Company Abbreviation

Reliable Trade

Platform registered country and region

United States

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-03-19
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Users who viewed Reliable Trade also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

Exness

8.37
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4/5 full license
Official website

VT Markets

8.63
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

HFM

8.25
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4/5 full license
Official website
Pyramid scheme complaint
Expose

Reliable Trade · Company Summary

Aspect Information
Registered Country/Area United States
Founded year 2-5 years ago
Company Name Reliable Trade
Regulation Not regulated
Minimum Deposit $300
Maximum Leverage Up to 1:5 for Bitcoin trading
Spreads Ranging from 0.6 to 1.9 pips
Trading Platforms Reliable Trade Platform, MT4, MT5
Tradable assets Forex, Binary Options, Cryptocurrencies, Commodities, Indices
Account Types Classic, Standard, Premium, VIP
Demo Account Available on MT4, MT5
Islamic Account Information not provided
Customer Support Phone: +1 (506) 406-8237, Email: support@reliable-trade.com, Address: East 14th Street, New York, NY 10003, United States
Payment Methods Information not provided
Educational Tools Information not provided

Overview of Reliable Trade

Reliable Trade is an unregulated brokerage based in the United States, operating for 2-5 years. It offers market instruments such as forex, binary options, cryptocurrencies, commodities, and indices for trading. The platform provides account types like Classic, Standard, Premium, and VIP, each with varying features and minimum deposits. However, users should be cautious of potential risks associated with unregulated brokers.

The leverage for Bitcoin trading is up to 1:5, but information about leverage for other assets or accounts is not readily available. Spreads on the platform range from 0.6 to 1.9 pips. The minimum deposit required to open an account is $300, which is relatively higher compared to regulated brokers. Reliable Trade offers a proprietary web-based platform and the option to use MetaTrader4 (MT4) or MetaTrader5 (MT5).

Customer support is available via phone and email, but reviews on WikiFX raise serious concerns, describing the platform as a scam. Traders report significant financial losses due to fraudulent practices. As Reliable Trade lacks regulatory oversight, potential clients should exercise caution and explore safer alternatives for their trading needs.

basic-info

Is Reliable Trade Legit?

Reliable Trade operates without valid regulation, which poses potential risks to its clients. It is crucial to exercise caution when dealing with unregulated brokers to protect your investments and financial interests. Conduct thorough research and consider seeking alternatives that offer the necessary regulatory oversight to ensure a safer trading experience.

regulation

Market Instruments

1. FOREX: Reliable Trade offers a range of forex instruments, allowing traders to engage in currency exchange. Examples include major currency pairs like EUR/USD, GBP/JPY, and USD/JPY, as well as minor pairs like AUD/CAD and NZD/JPY. Additionally, exotic pairs like USD/TRY and EUR/HUF are available for trading.

2. BINARY OPTIONS: The platform offers binary options as a trading option, enabling traders to speculate on the price movement of various assets. Examples of binary options available on Reliable Trade include stock indices such as the S&P 500 and FTSE 100, commodities like gold and oil, and currency pairs like USD/JPY and GBP/USD.

3. CRYPTOCURRENCIES: Traders can access a selection of cryptocurrencies on Reliable Trade's platform, allowing them to participate in the crypto market. Examples of cryptocurrencies offered include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH).

4. COMMODITIES: Reliable Trade provides opportunities to trade various commodities, allowing investors to diversify their portfolios. Examples of commodities available for trading include precious metals like gold and silver, energy resources such as crude oil and natural gas, agricultural products like corn and soybeans, and industrial metals like copper and aluminum.

5. INDICES: The platform offers trading in indices, allowing traders to speculate on the overall performance of specific markets. Examples of indices available for trading on Reliable Trade include the S&P 500, NASDAQ 100, FTSE 100, DAX 30, and Nikkei 225. Traders can engage in index trading to gain exposure to a broader market segment rather than individual stocks.

Pros Cons
Diverse Market Instruments No information on specific market instruments provided
Opportunity for Currency Exchange Limited information on trading volume and market depth
Participation in Cryptocurrency Market Lack of Specific Leverage and Spread Information

Account Types

CLASSIC: The Classic account requires a minimum deposit of $300. It offers spreads starting at 1.9 pips and comes with negative balance protection. However, scalping is not permitted, and daily signals and a financial plan are not included in this account type.

STANDARD: With a minimum deposit of $1,000, the Standard account provides spreads from 1.5 pips and negative balance protection. Scalping is allowed, but there are no daily signals or a financial plan included in this account type.

PREMIUM: The Premium account demands a minimum deposit of $5,000, offering spreads starting at 1.2 pips. It comes with negative balance protection and allows scalping. Additionally, daily signals are provided, but a financial plan is not part of this account type.

VIP: For high-end traders, the VIP account requires a significant minimum deposit of $10,000. It offers extremely spreads starting at 0.6 pips, along with negative balance protection and scalping. Daily signals and a financial plan are included, making it the most comprehensive account type.

account-types
Pros Cons
Multiple accounts available No daily signals or financial plan (Classic and Standard accounts)
Scalping allowed (Premium and VIP accounts) Scalping not permitted (Classic account)
Spreads from 0.6 pips High minimum deposit requirement for VIP account ($10,000)

Leverage

Reliable Trade offers a leverage of up to 1:5 for Bitcoin trading, but information about leverage for other assets or account types is not readily available.

leverage

Spreads

Reliable Trade provides spreads ranging from 0.6 to 1.9 pips across its various account types.

Deposit & Withdrawal

Reliable Trade requires a minimum deposit of $300 to open an account, which is relatively higher compared to many regulated brokers that typically request no more than $50. However, specific information about deposit and withdrawal payment methods is unavailable. It is unclear whether credit cards, PayPal, or e-wallets like Skrill and Neteller can be used to fund accounts.

Pros Cons
None High minimum deposit of $300
Lack of specific deposit and withdrawal information
Unclear payment methods availability

Trading Platforms

Reliable Trade provides a proprietary web-based software called the Reliable Trade Platform, but without a link to explore it fully. Additionally, the broker offers the option to download the MetaTrader4 (MT4) or MetaTrader5 (MT5) trading platforms. While we could only access a Demo server on MT4, it is widely recognized as the leading platform, favored by over 80% of users worldwide. MT4 boasts an intuitive interface, advanced charting, analysis tools, and copy- and auto-trading features. MT5, its successor, offers the added benefit of executing trades across various financial markets with a single account, including exchange-traded stocks, and comes with an expanded range of trading instruments and indicators compared to its predecessor.

trading-platform
Pros Cons
Widely used MetaTrader4 and MetaTrader5 platforms Limited information on the proprietary Reliable Trade Platform
Copy and auto-trading features No link provided to explore the proprietary platform fully
Access only to a Demo server on MT4

Customer Support

Reliable Trade provides customer support through various channels. For inquiries or assistance, clients can reach out via phone at +1 (506) 406-8237 or contact them through email at support@reliable-trade.com. The company's physical address is located at East 14th Street, New York, NY 10003, United States.

customer-support

Reviews

The reviews on WikiFX for Reliable Trade raise serious concerns about the platform, with users describing it as a scam. They report being contacted by individuals claiming to be account managers using fake profiles and promises of significant profits. However, after depositing money, the users were left with substantial financial losses as the individuals vanished. The reviews strongly advise others to avoid Reliable Trade due to its fraudulent practices.

reviews

Conclusion

Reliable Trade presents both advantages and disadvantages for potential traders. On the positive side, it offers a wide range of market instruments, including forex, binary options, cryptocurrencies, commodities, and indices. Additionally, it provides multiple account types, catering to various trading needs, and offers leverage for Bitcoin trading. The availability of the popular MetaTrader4 and MetaTrader5 platforms is a plus. However, the absence of valid regulation raises significant concerns about the legitimacy and safety of the platform, potentially putting clients' investments at risk. The lack of a functioning main website is also a red flag. Reviews from users on WikiFX further emphasize the platform's fraudulent practices, advising against using Reliable Trade. It is crucial for traders to exercise caution and consider alternatives with proper regulatory oversight for a more secure trading experience.

FAQs

Q: Is Reliable Trade a legitimate broker?

A: Reliable Trade operates without valid regulation, which poses potential risks to its clients. Exercise caution and consider alternatives with proper regulatory oversight for a safer trading experience.

Q: What market instruments are available on Reliable Trade?

A: Reliable Trade offers trading in Forex, Binary Options, Cryptocurrencies, Commodities, and Indices.

Q: What are the different account types on Reliable Trade?

A: Reliable Trade offers Classic, Standard, Premium, and VIP accounts with varying features and minimum deposit requirements.

Q: What leverage does Reliable Trade offer?

A: Reliable Trade provides leverage up to 1:5 for Bitcoin trading, but information for other assets is not readily available.

Q: What are the spreads on Reliable Trade?

A: Spreads on Reliable Trade range from 0.6 to 1.9 pips across different account types.

Q: How much is the minimum deposit on Reliable Trade?

A: The minimum deposit on Reliable Trade is $300.

Q: What trading platforms does Reliable Trade offer?

A: Reliable Trade provides its proprietary web-based platform and supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

Q: How can I contact Reliable Trade's customer support?

A: You can reach Reliable Trade's customer support via phone at +1 (506) 406-8237 or email at support@reliable-trade.com.

Q: Are there any reviews or feedback on Reliable Trade?

A: Reviews on WikiFX raise serious concerns about Reliable Trade, with users describing it as a scam and warning others to avoid it.

User comment

0

Comments

Write a review

No comment yet

start to write first comment

2
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com