Note: TradeClan's official website: https://tradeclan.by is currently inaccessible normally.
TradeClan, is a Belarus-based broker offering trading forex currency pairs, stock, indices, futures contracts, commodities, bonds, and securities of popular brands with leverage up to 1:100 and spread from 1.2 pips on the Standard account. Demo accounts are available via the leading MT5 platform and the minimum deposit requirement to open a live account is as high as $300.
Pros and Cons
Is TradeClan Legit?
TradeClan operates under NBRB (National Bank of the Republic of Belarus) regulation with license number 193618546, holding Retail Forex License.
What Can I Trade on TradeClan?
TradeClan offers forex currency pairs, stock, indices, futures contracts, commodities, bonds, securities of popular brands.
Account Type
TradeClan provides demo accounts for both novice and experienced traders to practice their trading strategies without risking real capital.
For traders seeking a high-end trading experience, the Premium account from TradeClan requires an initial deposit of $10,000, providing maximum leverage of 1:100.
Those with a moderate budget can choose the Gold account, which demands a minimum deposit of $500.
Alternatively, beginners or those with a smaller capital base can opt for the Standard account, needing a minimum deposit of $300.
Leverage
TradeClan offers a maximum leverage of 1:100 across all account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
On TradeClan, the Premium account features the lowest spread at 0.5 pips, followed by the Gold account at 0.7 pips, and the Standard account at 1.2 pips.
Trading Platform
Deposit and Withdrawal
TradeClan accepts deposits via bank payment cards via WebPay, direct bank transfers, and ERIP for cardholders of Belarusian issuing banks. The company reimburses the deposit fee.
Deposits made through these methods are typically credited the next day, although bank transfers take 1-5 days for funds to reflect in the account.
Withdrawals are processed using the same methods as deposits, except for ERIP, and typically take up to 5 days to complete.
