Trade Time is a forex broker established in Saint Lucia on March 14, 2023, primarily offering financial trading services such as forex, stocks, commodities, indices, and cryptocurrencies to investors, with its headquarters located in Istanbul. This broker does not provide services to jurisdictions where it may be in violation of local laws or regulations, including but not limited to North Korea, the United States, Puerto Rico, Canada, Japan, Iran, Iraq, Lebanon, Turkey, and others.
Company Registration Information and Regulatory Status:
According to publicly available information on Trade Time's official website, the business entity registered with the Saint Lucia International Business Companies and International Trust Registry (ifc) is Trade Time LTD, with the registered address at Fortgate Offshore Investment and Legal Services Ltd. Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia, and the company registration number is 2023-00078. The website claims that this entity is also registered with the Saint Lucia Financial Services Regulatory Authority (FSRA).
Upon verification, a business entity named Trade Time LTD, with the registration number 2023-00078, can be found in the Saint Lucia International Business Companies and International Trust Registry (ifc). However, this entity is not found in the records of the Saint Lucia Financial Services Regulatory Authority (FSRA), nor in the official financial regulatory authorities of other jurisdictions.
Information obtained from a Whois query shows that the brokerage's domain name was registered on January 18, 2011. Furthermore, as of January 25, 2024, the broker has been established for less than a year.
Account Opening:
To open an account with Trade Time: Visit the broker's official website and click on the "Sign up" button in the upper right corner to access the account registration interface. After filling in your personal information as required and submitting it, the broker will send a verification code to the email address provided. Enter the verification code to log into your account. A complete verification of personal information is required before you can make a deposit and engage in trading activities.
Account Types:
Ascuex offers four different types of real trading accounts to its users: RAW Account, Standard Account, Fixed Account, VIP Account.
RAW Account:
- Spread: From 0 pips
- Maximum Trading Leverage: 1:1000
- Trading Commission: $10 per lot
Standard Account:
- Spread: From 1 pip
- Maximum Trading Leverage: 1:1000
- Trading Commission: $0
Fixed Account:
- Spread: From 1.5 pips
- Maximum Trading Leverage: 1:1000
- Trading Commission: $0
VIP Account:
- Spread: From 0.4 pips
- Maximum Trading Leverage: 1:1000
- Trading Commission: $0
Trading Platform:
Trade Time offers the MT5 trading platform to its users, which is provided by Trade Time LTD's servers. On the MT5 platform, the broker only allows existing trading accounts to be connected and does not allow the creation of new demo or real trading accounts.
Deposits and Withdrawals:
Trade Time supports deposits and withdrawals through credit cards, debit cards, e-wallets, bank wire transfers, and local payment methods.
Conclusion:
Traderknows reminds investors that Trade Time is a forex broker without effective regulation. Traderknows advises investors to choose brokers with strong regulation and good reputation for investment and trading activities, to avoid unnecessary financial losses. Currently, this broker is marked as 'Suspected of Scam' on Traderknows.
