TRADECMF Information
TRADECMF is an unregulated brokerage company registered in the Marshall Islands. This firm provides a swath of investment options with round-the-clock customer support. TRADECMF offers four live trading accounts with an automated trading service. However, there is limited information about trading platforms on its website. Furthermore, its minimum deposit is much higher compared to some other brokerages.
Pros and Cons
Is TRADECMF Legit?
TRADECMF operates without regulation from any recognized financial authority. Engaging with an unregulated broker like TRADECMF carries substantial risks, and investors should be aware of the potential consequences before depositing funds.
What Can I Trade on TRADECMF?
Having a diversified portfolio is important for managing risk. The more investment choices you can choose from, the easier it is to diversify. With TRADECMF, you can invest in more than 8,000 trading instruments, including forex, stocks, commodities, ETFs, cryptocurrencies, indices, and bonds.
This firm offers more than 70 currency pairs and 60+ cryptocurrencies. Most of the commodity instruments offered by TRADECMF are from the world's major exchanges, including CBOT, CME, NYBOT, NYMEX, and ICE.
As you can see, there's not a whole lot that you can't invest in through a TRADECMF brokerage account. Just keep in mind that some investments are riskier than others when building out your portfolio.
Account Types
TRADECMF gives you four live trading accounts. The size of your account does matter when it comes to fees. If you invest at least 1,000,000 to open a VIP account, you can enjoy spreads from 0.6 pips, which is far better than the spreads offered by Basic accounts. You need to fund $10,000 to get monthly technical analyst consultation services.
Besides, this firm also provides automated trading accounts. TRADECMF claims that its automating system is customizable with multi-asset investment options. However, you need to deposit at least $5,000 to unlock this service.
TRADECMF Fees
Investment fees can detract from your returns. Every brokerage is different when it comes to fees, though some of them have moved toward commission-free trading.
TRADECMF charges no commission for investing in ETFs and CFDs on shares. However, the spreads seem a bit higher than industry standards, even for VIP accounts. And you need a lot of money to open a VIP account.
So if you're a beginning investor without a lot of money to get started, finding another brokerage could be a better choice. There are plenty of other brokerages that let you invest with less and for less by charging fewer fees.
Customer Support Options
For any questions you might have, help is available 24/7 by online chat, phone (+34960408677), or email (support@tradecmf.com).
The Bottom Line
TRADECMF makes building a diversified portfolio easier with its wide selection of investment options. It might also catch your eye if you're interested in automated trading. However, there is no information about trading platforms on its website and this firm is on the pricer end compared to some other brokerages. Furthermore, the regulatory hurdle is an obvious drawback.
FAQs
Is TRADECMF a regulated brokerage?
No, TRADECMF is not regulated by any reputable financial authority.
What account types does TRADECMF offer?
TRADECMF offers four live trading accounts, including Basic, Gold, Platinum, and VIP accounts.
Does TRADECMF offer leveraged trading?Yes, TRADECMF provides a leverage option, which is up to 1:500.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for everyone.
