Existrade, a company established in 2012 and registered in Saint Vincent and the Grenadines, provides a range of trading instruments across various asset classes. It offers its clients access to well-regarded trading platforms. Their minimum deposit and spreads are acceptable. Nevertheless, it has no regulation.
Pros and Cons
Is Existrade Legit?
Existrade claims it offers VerifyMy Trade and the negative balance protection to protect traders trading. However, it is under unregulated environment.
What Can I Trade on Existrade?
Existrade offers over 200 trading instruments, including CFD, metals, oil and cryptos.
Existrade Fees
Existrade offers competitive spreads starting from 0.2 pips. Besides, Existrade charges varying commissions based on the chosen payment methods.
Trading Platform
Existrade offers a web platform that integrates with the MetaTrader desktop version, providing traders with full functionality and an extensive array of tools accessible through any browser on any operating system. Traders can execute operations directly from a mobile application or browser without the need to install additional software.
The advanced MetaTrader 5 platform supports multi-asset trading, allowing users to trade cryptocurrencies, stocks, and futures while benefiting from enhanced technical analysis capabilities and algorithmic trading features.
Deposit and Withdrawal
Existrade provides multiple convenient methods for deposits and withdrawals.
For bank cards, such as VISA/MC in EUR, USD, or RUB/KZT, there are no deposit commissions, with instant processing and a minimum deposit of $30 (EUR) or $1 (RUB/KZT). Withdrawals are processed within 30 minutes, with fees ranging from 2.5% + 50 RUB to 4% + 5 USD (EUR) depending on the currency.
Internet banking options include Sberbank Online, Tinkoff Bank, Alfa-Click, Promsvyazbank, and Russkiy Standart, all with no deposit commissions and a minimum deposit of $1. These methods usually process within up to 24 hours, with a withdrawal commission of 2.5% + 50 RUB.
Payment systems like PAYEER®, Perfect Money, and ADVCash offer instant processing times and minimal deposits, with withdrawal fees ranging from 1% to 3.8%. Cryptocurrency options include Bitcoin and Dash, with transaction-specific processing times and fees.
Apple Pay and Google Pay support RUB, USD, and EUR, offering instant processing with a withdrawal commission of 2.5% + 50 RUB. Bank transfers via Wire Transfer accommodate various currencies with a minimum deposit of $200, processing within up to 5 bank days and varying withdrawal fees depending on the beneficiary bank.
