Automotivetradeplatform is a Fintech firm incorporated on September 25, 2024. The firm is, in essence, set up for trade services, ranging from retail to institutional clients. It was founded by professional financial traders. This platform, therefore, will be a bridge between retail and institutional customers by opening trading solutions to them that have been offered previously only to investment banks and high-net-worth individuals.
Trading Instruments
The platform supports a variety of trading instruments, including:
- Forex: Enter the world's largest and most liquid market with raw spreads starting at 0.0 pip.
- Cryptocurrencies: A financial tool through which traders can purchase and sell cryptocurrencies without real-life ownership.
- Stocks: Stock trading involves issue and sale of shares of an individual company in either the ASX or NASDAQ. Stock trading also involves very little leverage, if any, taking place on stock exchanges themselves.
- Futures: One of the most popular forms of CFDs that traders usually deal with is futures. The variety of supported futures on the platform ranges from the ICE US Dollar Index to the CBOE VIX Index.
- Non-Fungible Tokens (NFTs): These are unique digital assets on a blockchain that have an identification code and information. Unlike cryptocurrencies, they cannot be traded or exchanged in the same fashion. This makes them very much different from the fungible token, which is alike and can be used for trading.
The platform aims to offer users diverse investment opportunities, helping them manage portfolios according to different investment plans, striving for considerable returns.
Trading Platform & Account Types
Trading Platform
The official site does not explicitly list supported trading platforms but mentions MT4 as an option for trading, without providing a download link. Users can choose the appropriate platform for trading based on their needs.
Account Types
The platform offers four different account types to meet the needs of different investors:
STARTER PLAN
- Minimum deposit: $2,000.00
- Return on Investment (ROI): 50%
- Referral bonus: 5%
PREMIUM PLAN
- Minimum deposit: $10,000.00
- Return on Investment (ROI): 100%
- Referral bonus: 10%
DELUXE PLAN
- Minimum deposit: $50,000.00
- Return on Investment (ROI): 150%
- Referral bonus: 15%
VIP PLAN
- Minimum deposit: $100,000.00
- Return on Investment (ROI): 200%
- Referral bonus: 20%
Deposit & Withdrawal Methods and Fees
It accepts various deposit methods, even popular cryptocurrencies like Bitcoin, Ethereum, Binance Coin, and Tether. One can choose the best way to deposit money since it is absolutely free and very fast. On withdrawals, there's a service fee imposed of 21% on total profits in an account.
Website & Social Media
By far, it doesn't have accounts on major social media platforms such as Facebook, Twitter, Instagram, or LinkedIn. That is already a certain challenging factor to grab more detailed information about this website on social media platforms. Moreover, according to Semrush, this website just gets a few visits every month, meaning its branding visibility or interaction with users can't be that strong.
Regulatory Information
The official website claims that Automotivetradeplatform (EU) Ltd is a limited company registered in the UK and regulated by the UK Securities and Exchange Commission and the Australian Securities and Investments Commission. However, no regulatory information was found on the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) websites, suggesting that investors need to be cautious and aware of the potential lack of effective regulatory protection when choosing this platform.
Customer Support & Contact Information
The platform provides 24/7 online customer support. Users can contact the platform by sending an email to: [email protected]. However, no specific contact number is provided.
Conclusion
Automotivetradeplatform is a newly established trading platform offering various trading instruments and account types. However, its performance in brand exposure, social media influence, and user reviews is relatively weak, with no clear regulatory information. Therefore, investors should exercise caution, thoroughly evaluate the risks, and ensure the safety of their investments when considering this platform.
