Daytrading International is a forex broker registered in the United States in 2023, specializing in providing investors with trading services for financial products such as forex, commodities, indices, futures, stocks, bonds, and cryptocurrencies. The broker offers three account types and leverage of up to 1:500, and supports trading through multiple platforms including MT4, MT5, and cTrader.
Company Background:
Daytrading International was registered in the United States in 2023, focusing on providing global customers with trading services for forex and other financial derivatives. The official domain name of the broker was registered on January 16, 2023, less than a year from the date of publication. However, the broker is currently not regulated by any financial regulatory authority. In the financial services industry, regulatory status is a key factor in assessing the reputation and reliability of a broker. The absence of regulatory oversight may pose a higher risk, and customers should pay special attention when considering a collaboration with Daytrading International.
Trading Instruments:
Daytrading International offers a wide range of financial product trading services, including forex, indices, commodities, stocks, bonds, cryptocurrencies, and futures. Forex trading covers 61 currency pairs, with spreads as low as 0.0 pips and leverage up to 1:500. Index trading is commission-free and offers leverage of 1:200. Commodity trading covers 22 bulk commodities with leverage of 1:500. Stock trading offers 1600 stocks through the MetaTrader 5 platform. Bond trading is commission-free and offers leverage of 1:200. Cryptocurrency trading supports various cryptocurrencies with leverage of 1:500. Daytrading International offers trading opportunities in four major futures categories, commission-free, with leverage up to 1:200.
Account Types:
Daytrading International broker offers three types of accounts to meet the needs of different traders
- cTrader Account uses the cTrader platform, with no commission, spreads starting from 0.0 pips, requiring a minimum initial deposit of $200, and offering leverage of up to 1:500.
- Raw Spread Account uses the MetaTrader platform, also offers spreads from 0.0 pips and leverage of 1:500, with a minimum deposit of $200, this account type is generally aimed at traders seeking lower spreads.
- Standard Account is also based on the MetaTrader platform, with spreads starting from 0.6 pips, no additional commission, a minimum deposit of $200, and leverage of 1:500, suitable for those who prefer fixed spreads.
Trading Platforms:
Daytrading International offers traders three major trading platforms: MT4, MT5, and cTrader.
- MetaTrader 4 (MT4) is a global trading platform known for its stable performance, intuitive user interface, and rich technical indicators and chart analysis tools.
- MetaTrader 5 (MT5) is a successor to MT4, adding more chart types, technical indicators, and an enhanced trading system.
- cTrader platform is considered to excel in intuitive design, chart tools, and algorithm trading functionality, suitable for experienced traders.
Deposit and Withdrawal Methods:
Daytrading International offers a variety of fund deposit and withdrawal options, including payment methods such as VISA, PayPal, Skrill, and NETELLER. These options support instant deposits, allowing users to quickly transfer funds to their trading accounts for immediate execution of trades. The platform also promises to process withdrawal requests quickly to ensure users can access their funds promptly.
It should be noted that Daytrading International charges a 10% fee for all fund transfer operations. This means that a certain percentage of the transaction amount will be deducted as fees, whether for deposits or withdrawals. Customers should consider this cost when making fund transactions.
How to Open an Account?
The steps to open a Daytrading International account include the following simple processes:
- Visit the official website of Daytrading International.
- Click the "Open an Accounts" button on the homepage to enter the account opening page.
- Fill in the required registration information and complete the account setup.
Spreads and Leverage:
Daytrading International offers extremely low spreads and leverage of up to 1:500, starting from 0.0 pips, catering to day traders' needs for low-cost trading. Daytrading International offers more than 1750 tradable financial instruments, covering markets such as forex, stocks, indices, bonds, cryptocurrencies, and commodities, and supports trading with a minimum of 0.01 micro lots.
High leverage provides investors with greater trade size, but also comes with potential risks. Trading with high leverage may increase potential profits but also carries potential risks, as market fluctuations can lead to a rapid accumulation of losses. Therefore, investors should carefully assess their risk tolerance and trading strategy when choosing to use high leverage, to ensure a full understanding of the potential risks associated with high leverage trading.
Website Design:
The website design and content of Daytrading International are highly similar to those of websites like COF, Ultimate Pro Assets, Poohtrade, etc., which have all used a template similar to IC Markets for their construction.
Customer Support:
Daytrading International offers email support for inquiries and support requests, with the email address support@ultimateproassets.com. However, the platform does not provide phone support services, which may affect the experience of users in need of immediate assistance.
The broker's address is the same as that of other brokers (such as: Ultimate Pro Assets and Poohtrade), namely 831 Bering Way, Suisun City,California(CA), 94585. This identical registration address may raise questions about its validity and actual operating conditions.
Conclusion:
Daytrading International is a US forex broker, providing investors with trading services for various financial products such as forex. The company offers a diverse range of trading tools and services, but it has a high leverage ratio of up to 1:500 and is currently not regulated by any regulatory body. Investors need to carefully consider when opting for the broker's services.
Currently, Daytrading International is marked as "unregulated" on Traderknows.
