Remitrade
Pros and Cons
Pros
- Diverse range of trading instruments including Forex, commodities, and cryptocurrencies
- Low minimum deposit requirement of $10 to open a live account
- Availability of demo accounts for practice trading
- Multiple trading platforms including MT4/MT5 and a mobile app
- 24/5 customer support via email and phone
Cons
- Not regulated by any recognized financial authority
- Absence of investor protection mechanisms
- Limited trading instruments available
- Withdrawal processing time can be lengthy for bank transfers
- Lack of educational resources for traders
Basic Information
User Reviews
Remitrade Overview
Remitrade, officially registered as REMI TRADE CAPITAL LTD, is a forex broker based in the United Kingdom. Operating for a period of 2 to 5 years, Remitrade provides trading services to clients globally. It is important to note that Remitrade currently operates without a valid forex trading license, which raises concerns regarding its regulatory status and the associated risks for potential traders. While it aims to deliver quality service, the lack of regulation might influence a trader’s decision-making process when considering this broker for their trading activities.
Is Remitrade Safe? Regulation Analysis
Regulatory Information
Remitrade is not regulated by any recognized financial authority. This lack of regulation raises concerns regarding the safety and security of client funds. Trading with an unregulated broker like Remitrade poses significant risks, including the absence of investor protection mechanisms and a higher potential for fraudulent activities.
Is Remitrade Regulated and How Are Client Funds Protected?
Trading Products and Services
What Trading Instruments Does Remitrade Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
The diverse range of trading instruments offered by Remitrade caters to various trader needs, providing access to multiple asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies. This selection allows traders, whether beginners or seasoned professionals, to employ flexible trading strategies and diversify their portfolios. By supporting various asset classes, Remitrade enhances the potential for traders to adapt their approaches based on market conditions, thus meeting the needs of both short-term and long-term investors. The breadth of available products underscores the platform’s commitment to providing a versatile trading experience in the dynamic forex markets.
Account Types and Trading Conditions
What Account Types and Fees Does Remitrade Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Live Account | All traders | Access to various trading instruments | Minimum deposit of $10 |
| Demo Account | Beginners | Practice trading without real capital | Ideal for testing strategies |
Account Opening Process
To open an account with Remitrade, prospective clients must complete several steps. Initially, they need to submit personal, employment, and financial information. Following this, identity verification is required, which includes providing an ID and proof of address. It is also important to note that account flexibility allows for upgrading to a professional account later if desired.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | $0 | Competitive spreads for major currencies |
| CFDs (Stocks) | Varies | $0 | Access to major stock indices |
| Commodities (Gold, Oil) | Varies | $0 | Trade popular commodities |
| Cryptocurrencies (BTC, ETH) | Varies | $0 | Available for trading in various conditions |
Other Fees
Additional costs associated with trading at Remitrade may include deposit and withdrawal fees, inactivity fees, platform usage fees, overnight interest (swap rates), and currency conversion fees.
Trading Platforms and Apps
What Trading Platforms and Apps Does Remitrade Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4/MT5 | Windows, macOS | Login security (2FA), multiple order types, price alerts | Demo account available |
| Web Version | All devices with internet access | Market search tools, encryption, price alerts | No additional services |
| Mobile App | iOS, Android | Convenient login, push notifications, technical indicators | Demo account available |
Remitrade provides a range of trading platforms suited for different user preferences. The MT4/MT5 platforms are designed for users seeking advanced trading features and tools, while the web version offers accessibility across various devices. The mobile app enhances convenience with features such as push notifications for real-time alerts. All platforms support secure login methods, ensuring traders can operate safely and efficiently.
Overall, Remitrade’s offerings enable traders to access their accounts from multiple devices, ensuring flexibility in trading. The platforms are equipped with essential features that support secure trading and timely market alerts, making them suitable for various trading strategies.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min $10, Max $5,000/day | USD, GBP |
| Credit/Debit Card | Instant | No platform fee | Min $10, Max $2,500/day | USD, GBP |
| Cryptocurrency | Instant | No platform fee | Min $10, Max $10,000/day | BTC, ETH |
Minimum Deposit
Remitrade requires a minimum deposit of $10 to open a live account. This amount is uniform across all payment methods and account types, making it accessible for traders looking to start with a modest investment.
How to Withdraw
- Log in to your Remitrade account.
- Navigate to the ‘Withdrawals’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Submit your withdrawal request and wait for processing, which typically takes 3–5 days for bank transfers.
Customer Support
Remitrade Customer Support Overview
Support Channels
Remitrade offers several contact methods for customer support, allowing traders to seek help efficiently. Clients can reach out via email at support@remi-trade.com for inquiries or assistance. Additionally, support is available through a telephone contact at +1 2172085539. While live chat options are not explicitly mentioned, the provided email and phone support ensure that customers can get the help they need.
Service Availability
Customer support at Remitrade is available 24 hours a day, five days a week. This schedule allows traders to receive assistance during most trading hours. However, it is important to note that the availability of multilingual support is not specified, so traders may want to confirm language options when reaching out for help.
Frequently Asked Questions
No, Remitrade is not regulated by any recognized financial authority. This lack of regulation raises concerns regarding the safety and security of client funds.
Remitrade offers a diverse range of trading instruments, including Forex, commodities like gold and oil, indices such as the S&P 500 and NASDAQ, stocks from the US and UK, and cryptocurrencies including BTC and ETH.
Remitrade provides several deposit and withdrawal options, including bank transfers, credit/debit cards, and cryptocurrencies. The minimum deposit required to open a live account is $10, and processing times vary depending on the method chosen.
Remitrade offers customer support via email at support@remi-trade.com and telephone at +1 2172085539. Support is available 24 hours a day, five days a week, ensuring that clients can receive assistance during most trading hours.
Best United Kingdom Forex Brokers & Reviews (2026)
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.
