Basic Information & Regulation of Touch Trades
Touch Trades is an unregulated Forex and CFD broker with no address on the official website. Touch Trades claims to be based in London, UK, but only comes with a phone number.
Safety Analysis of Touch Trades
Touch Trades is currently an unregulated broker, which means that the safety of users' funds and trading activities are not effectively protected. Therefore, investors had better stay away from this Touch Trades forex broker.
Market Instruments
Touch Trades offers investors access to over 30 currency pairs in the Forex market, as well as commodities, spot metals and indices CFDs.
Leverage & Accounts of Touch Trades
To meet different investors' investment needs and trading experience, Touch Trades offers three different types of accounts: Micro (minimum deposit of $200), Standard (minimum deposit of $2,500), and VIP (minimum deposit of $10,000). All three types of accounts have leverage of up to 1:400.
Spreads & Commissions of Touch Trades
Touch Trades Micro accounts have fixed spreads, with a spread of 2 pips on EURUSD. Touch Trades is committed to not charging additional commissions but only spreads.
Trading Platform Available of Touch Trades
Touch Trades offers traders two trading platform options, the MT4 trading platform, and a web-based trading platform. The MT4 trading platform is preferred by many investors, with an intuitive layout, powerful charting tools for easy access to historical data, automated trading via EA programs, plus the ability to add custom indicators.
Pros & Cons of Touch Trades
The main advantages of Touch Trades are:
1. A Wider Variety of Assets Tradable
2. Three Account Types to Choose From
3. Two Trading Platforms Options-MT4 & Web-Based Trading Platform
4. Zero Commission
The main disadvantages of Touch Trades are:
1. Not Subject to Any Regulation
2. High Deposit Amounts for the VIP Account
3. Excessive Trading Leverage
4. The Website Available for Four Language Only
