SlaTrade is a financial brokerage established in 2023 with its headquarters located in the United Arab Emirates. The company offers a diverse range of financial trading services, including forex, commodities, metals, stocks, and indices, aiming to cater to the needs and objectives of various investors. The company's official website is available in English to provide a convenient trading experience for international clients.
Company Background:
According to the information provided on the official website, the company is registered in the United Kingdom, but there is no available regulatory information associated with the company. Additionally, the domain registration information for the SlaTrade website indicates that it was registered on January 13, 2023, less than a year ago.
Regulatory Information:
Although SlaTrade is registered in the United Kingdom, no relevant regulatory information is provided. In the financial services industry, regulation is a crucial factor in ensuring the lawful operation of a company and the protection of customer rights. The absence of regulatory information may raise concerns.
Account Registration:
The SlaTrade official website indicates that the company offers registration links for both real and demo accounts.
The registration process for a real account is as follows:
- Click on the "Create account" in the upper right corner of the SlaTrade official website.
- Fill in the required information, including name, email, country or region, phone number, password, and more, to complete the registration of a real account.
The registration process for a demo account is as follows:
- Click on "Open Your Free Demo Account" in the upper left corner of the SlaTrade official website.
- Fill in the necessary information, such as name, email, country or region, phone number, password, to complete the registration of a demo account.
Leverage and Spreads:
The leverage and spreads provided on the SlaTrade official website are as follows:
- "Leverage: 1:546" indicates that you can engage in high ratio trading with a small amount of capital, but this also comes with increased risks.
- "Trading Pairs: 296+" means you have the option to choose from 296 or more currency pairs or other asset pairs, increasing your diversity.
- "Starting Spread: 47.0 pips" suggests that in some trading pairs, the minimum cost of trading is 47.0 pips. Lower spreads result in lower trading costs.
Account Types:
The SlaTrade official website does not provide information about different account types.
Deposits and Withdrawals:
The official website of this broker does not disclose specific information about deposit and withdrawal methods.
Trading Hours:
No information regarding trading hours is available on the official website.
Trading Products:
SlaTrade offers a diverse range of trading services, including forex, metals, commodities, stocks, and indices. Additionally, specific trading products cover forex, metals, commodities, and stocks. Here are the details:
- Forex: With spreads as low as 0.1 pips, you can trade EUR/USD and USD/JPY.
- Metals: Spreads as low as 0.8 pips are available for trading gold and silver.
- Commodities: You can trade crude oil and natural gas with commissions starting from $0.
- Stocks: Trade stocks, including popular options like Apple and Google, with commissions starting from $0.
- Indices: You can trade indices such as NASDAQ100, US30, and SPX500 with commissions starting from $0.
Trading Software:
According to information on the SlaTrade official website, the company uses its proprietary trading platform. This means the broker utilizes its self-developed trading software instead of MetaTrader 4 or MetaTrader 5.
Additional Services:
The SlaTrade official website states that the company provides educational services to investors. This education covers fundamental knowledge of financial markets, trading concepts, and forex training.
Summary:
In summary, while SlaTrade offers a diverse range of trading services and products, including forex, metals, commodities, energy, stocks, and indices, the company lacks regulatory information. Additionally, the SlaTrade official website does not provide information about account types, deposit and withdrawal methods, or trading hours. Potential investors should exercise caution when considering trading with this company. Therefore, SlaTrade is labeled as "suspected of fraud" on TraderKnows. We strongly advise thoroughly researching and carefully considering potential risks before choosing to trade with this company. It is recommended to seek other legitimate and regulated financial brokerages to ensure the safety of your funds and investments. Please be mindful of your financial security and avoid falling into fraudulent schemes.
