Al Trade Review
Al Trade offers its clients a choice of three basic account types. All of them offer commission-free trading on the MetaTrader 4 (MT4) platform. Micro tradable lots are offered to both Micro & Mini account holders, who are unwilling to trade in large volumes. Besides, PAMM accounts are also available with this broker.
As regards the cost of trading, Al Trade claims that it offers tight variable spreads, starting from 0.8 pips on Mini accounts. When we tried out its demo account, however, spreads turned out to be fixed at 1.5 pips for the EUR/USD, which in fact is not bad at all. Most fixed-spread brokers usually provide a 2 or 3 pips spread for this currency pair.
The highest leverage levels available with this broker, are 1:500 (in the Micro account type). Bear in mind that the higher the leverage, the greater the risk.
The Company. Security of Funds
On-line since 2003, Al Trade offers trading in a number of currency pairs and various CFDs, as well as precious metals on the industry’s standard MT4. Binary options are also available on a separate web-based platform.
Behind this brand is AL Trade Inc., a London-based company, which is not regulated by any authority.
In case you are planning to invest more than 20 bucks, we would advise you to select a more reliable brokerage that is duly regulated and authorized to provide financial mediation services. For instance, regulation in Australia, and UK is well-balanced and there are a bunch of trustworthy licensed brokers there.
Al Trade supports the popular MetaTrader 4 (MT4) trading platform, available as a desktop download and mobile trading apps.
MT4 is the preferred trading software of most traders and that is why it is offered by most brokerages. The platform provides all the necessary tools and resources for traders to analyze price dynamics of financial instruments (such as advance charting options, built-in indicators, back-testing tools), execute trade transactions and create & use automated strategies (Expert Advisors or trading robots).
At the time of writing this review, Al Trade offers a 60% deposit bonus up to $6000.
Methods of Payment
Al Trade offers its clients the following payment options: via credit/debit card, wire transfer, and WebMoney.
Al Trade is a London-based forex and CFD broker which operates for more than 10 years and yet, it is not licensed by FCA, nor by any other regulatory body.
Al Trade Review Conclusion
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