Score
TradeMTF
Marshall Islands|2-5 years| https://trademtf.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Marshall Islands
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
trademtf.com
Server Location
United States
Website Domain Name
trademtf.com
Server IP
13.249.165.25
Company Summary
Note: TradeMTF's official website: https://trademtf.com/ is currently inaccessible normally.
| TradeMTF Review Summary | |
| Founded | / |
| Registered Country/Region | Marshall Islands |
| Regulation | Unregulated |
| Market Instruments | Forex, commodities, indices, stocks and cryptocurrencies |
| Demo Account | ✅ |
| Leverage | 1:200 |
| EUR/USD Spread | Floating around 1.5 pips |
| Trading Platform | MetaTrader 4, webtrader |
| Min Deposit | $200 |
| Customer Support | Tel: +44 2070975188 |
| Email: support@trademtf.com | |
TradeMTF is an offshore forex broker registered in Marshall Islands, offering its clients a range of trading instruments, such as forex, commodities, indices, stocks and cryptocurrencies. Besides, traders with this brokerage can have six trading accounts to choose from, leverage up to 1:200. Trading platforms available include the leading MT4 and a webtrader.
TradeMTF is said to be owned and operated by TMTF Ltd, a company registered offshore, not subject to any regulation. Please be aware of the risk.
Pros and Cons
| Pros | Cons |
| MT4 support | Lack of regulation |
| Multiple trading choices | Inaccessible website |
| Demo accounts | High minimum deposit |
Is TradeMTF Legit?
TradeMTF is completely unregulated by any institution and is reportedly registered in the Marshall Islands, an offshore jurisdiction that lacks financial regulation. As a result, trading with such brokers is unsafe and can put your funds at risk. Therefore, we strongly recommend against choosing TradeMTF as your trading partner.
What Can I Trade on TradeMTF?
Since TradeMTF's website is inaccessible, we are unable to acquire detailed information about its specific trading instruments. The only information available is some overall classification, such as forex, commodities, indices, stocks, and cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Trade MTF offers six types of live trading accounts: Islamic, Classic, Silver, Gold, Platinum, and TMTF Premium.
| Account Type | Min Deposit |
| Islamic | $200 |
| Classic | $200 |
| Silver | $2,500 |
| Gold | $5,000 |
| Platinum | $15,000 |
| TMTF Premium | $25,000 |
Leverage
Trade MTF offers a maximum trading leverage of up to 1:200 for all account types, a ratio generally considered suitable for most traders. However, we caution against using such high leverage with unreliable brokers, such as TradeMTF, due to the heightened risk of loss.
Spread
| Account Type | Spread Type | Spread |
| Islamic | Variable | 3 |
| Classic | Fixed | |
| Silver | 2.5 | |
| Gold | Fixed & Variable | |
| Platinum | 2 | |
| TMTF Premium | 1.5 |
Trading Platform
TradeMTF offers MetaTrader4 and a web-based trading platform, but their functionality is severely limited and cannot be compared favorably to the latest trading platforms. Therefore, we still recommend that you choose a legitimate broker that provides a professional and advanced trading platform.
| Trading Platform | Supported | Available Devices | Suitable for |
| Webtrader | ✔ | Web | / |
| MT4 | ✔ | Web | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
TradeMTF supports deposits and withdrawals via credit cards, bank wire transfers, Skrill, Neteller, American Express cards, and Paysafecard.
Although TradeMTF says the minimum deposit amount is $200, however, it varies depending on payment methods. Traders who use a credit/debit card to make a deposit will fund at least 250 EUR/GBP, and the minimum deposit amount is 3,000 EUR/GBP through wire transfer.
Additionally, the processing time for withdrawal requests is 48 hours.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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