Trade Verse Information
Numerous trading assets are available at Trade Verse, such as Futures, Cryptocurrencies, Binary Options, and Forex. They offer 24/7 customer service through multiple platforms. Due of its unregulated status, its dependability and safety are questioned.
Pros and Cons
Is Trade Verse Legit?
Trade Verse is not regulated by any major authority, such as the CFTC (United States), FCA (United Kingdom), or ASIC (Australia). Operating without appropriate regulation raises substantial concerns, since several reports indicate potential scams and difficulty with withdrawals.
The domain tradeverseltd.com was registered on November 13, 2023 and will expire on November 13, 2024. It is now active with a clientTransferProhibited status, indicating that it cannot be transferred without authorization.
What Can I Trade on Trade Verse?
Bitcoin and Ethereum are the two most popular cryptocurrencies offered by this broker, who also offers Forex. Ethereum is used for smart contracts. Binary options, stock options, and futures products are also offered.
Account Types
1. Silver Plan: An entry-level or small-scale investment plan that accepts $500–$4,999. You can make 5% per day and 20% after 4 days.
2. The Gold Plan: It is a good fit for intermediate traders who are looking to invest between $5,000 and $20,000. With daily earnings of 5.71%, it promises a return of 39.97% after 7 days.
3. Diamond Plan: This plan is ideal for experienced traders who have a substantial amount of capital to invest, typically ranging from $20,000 to $100,000. You can expect a 60% return after 10 days and a 6% return every day.
4. Premium Plan: Targeted at high-net-worth individuals or institutional investors, with a minimum investment of $100,000 and a maximum of $500,000. After 14 days, you can expect a return of 90.02% and daily earnings of 6.43%.
Trading Platform
Deposit and Withdrawal
This broker does not charge fees for deposits or withdrawals. The minimum deposit required is $500.
Customer Service
This broker provides 24/7 customer support. The available support methods include email, support ticket system, and social media (Telegram, Facebook, Twitter, LinkedIn).
The Bottom Line
Trade Verse's round-the-clock customer service and zero transaction fees can entice traders. Particularly for novice or long-term traders, the hefty trading fees and absence of regulation make it a risky proposition.
FAQs
Is Trade Verse safe?
Trade Verse is not controlled by any significant financial authority, hence questions regarding its safety.
Is Trade Verse good for beginners?
The lack of a demo account and excessive trading expenses make Trade Verse not advised for beginners.
Is Trade Verse good for day trading?
Day trading may not be as suited for the absence of clear knowledge on spreads and commissions.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client.
