SAFETRADE

General Information

SAFETRADE is allegedly a broker based in Serbia that provides its clients with the industry-standard MetaTrader4 trading platform, low spreads on over 360 tradable financial instruments, as well as a choice of five different account types and 24/5 customer support service.

Market Instruments

SAFETRADE advertises that it offers more than 360 trading instruments in financial markets, however, it didnt reveal any more specific information about what is tradable asset classes.

Account Types

There are five live trading accounts offered by SAFETRADE, apart from demo accounts, namely Mini, Silver, Gold, Platinum and VIP. Opening a Mini account requires the minimum initial deposit amount of $250, while the other four account types with the much higher minimum initial capital requirements of $3,001, $10,001, $50,001 and $100,001 respectively. The welcome bonus is said to be 50%, 100%, 120%, 120% and 150% separately.

Spreads

SAFETRADE claims that it provides its clients with spreads as low as 0.1 pips.

Trading Platform Available

When it comes to trading platforms available,SAFETRADE gives traders three choices: MetaTrader4, Mobile Trader and Webtrader. The MT4 is known as one of the most successful, efficient, and competent forex trading software, offering an intuitive and user-friendly interface, advanced charting and analysis tools, as well as copy and auto-trade options. While with Mobile Trader, trading can be done from anywhere and at any time through the right mobile terminals.

Deposit & Withdrawal

SAFETRADE accepts deposits and withdrawals with credit/debit cards such as Visa and MasterCard, and Bank Wire Transfer. The minimum deposit requirement is €250. As for the processing time of deposit and withdrawal requests, deposit via Bank Wire Transfer takes 2-7 business days, while all withdrawals require 5-10 business days to process.

Bonuses & Fees

SAFETRADE also takes bonuses and fees. However, if you want to access the bonus, you would have to reach a turnover of the bonus amount divided by 4. Also, the broker will impose an inactivity fee of $100 for those accounts keep that inactive for 30 days. Whats more, the broker provides free auto-trading software, and there is a $100 fee if you want to close your account or withdraw any funds before trading at least 20 trades with the software.

Customer Support

SAFETRADEs customer support can be reached by telephone: +442045428166, email: support@safetradez.com. Company address: 30 Kneza Mihaila Blvd, Belgrade, 11000.