Express Trade-Overview of Minimum Deposit, Leverage, Spreads

WikiFX | 2022-07-18 18:41

Abstract：Express Trade, a trading name of expresstrade Capital Corporation, is allegedly an unregulated forex broker registered in the UK and founded in 1986 that provides its clients with the industry-standard MetaTrader4 and MetaTrader5 trading platforms, leverage up to 1:500, variable spreads from 0.0 pips and commissions from 0.08% on over 150 tradable financial instruments, as well as 24/5 customer support service.

General Information & Regulation

Express Trade, a trading name of expresstrade Capital Corporation, is allegedly an unregulated forex broker registered in the UK and founded in 1986 that provides its clients with the industry-standard MetaTrader4 and MetaTrader5 trading platforms, leverage up to 1:500, variable spreads from 0.0 pips and commissions from 0.08% on over 150 tradable financial instruments, as well as 24/5 customer support service.

Market Instruments

Express Trade advertises that it is a multi-asset platform with access to more than 150 trading instruments in financial markets, including forex currencies, stocks, indices, commodities, CFDs and the cryptocurrency of Bitcoin.

Account Types

Express Trade claims to offer demo accounts and traders can get up to $600 plus 60 days of commission-free stocks & forex trades if they open an account.

Leverage

The maximum leverage ratio provided by Express Trade is much higher than most brokers, up to 1:500. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

Spreads are influenced by what forex currency pairs traders are holding. Express Trade reveals that the spread for the EUR/USD pair starts from 0.1 pips, while the AUD/USD pair, the USD/JPY pair and the USD/CAD pair with spreads from 0.2 pips, 0.0 pips and 0.3 pips respectively. As for commissions, the broker says the commissions are from 0.08%.

Trading Platform Available

When it comes to trading platforms available, Express Trade says to give traders the worlds most trusted and popular MetaTrader4 and MetaTrader5 trading platforms, both of which are available on Windows, iOS and Android. MetaTrader is the most popular forex trading platform, which the traders praise for its stability and trustworthiness. It features sophisticated trading tools such as Expert Advisors, Algo trading, Complex indicators and Strategy tester. Metatrader created a marketplace with currently 10,000+ trading apps the traders can utilize to achieve better results. Both the MT4 and MT5 have mobile APPs, trading can be done from anywhere and at any time through the right mobile terminals including iOS and Android devices.

Deposit & Withdrawal

From the logos shown at the foot of the home page on Express Trades official website, we found that this broker seems to accept deposits and withdrawals with Bitcoin, PayPal, MoneyGram and Western Union, yet we cannot be sure if these payment options are all available. The minimum deposit requirement is said to be $300 as the deposit menu displays.

Customer Support

Express Trades customer support can be reached by telephone: +19373431754, email: support@FxcsTrading.online, live chat or send messages online to get in touch. Besides, you can also follow this broker on some social media platforms like Facebook, Twitter and YouTube. Company address: 100 Laight St #A, New York, NY 10014 United States.

Leverage Broker Dealer Currency Pair Forex trading Forex Broker Forex Currency pair leverage in forex forex pips forex market

Related broker

No Regulation

Express Trade

Company name：expresstrade Capital Corporation

Score

1.46

Website：https://expresstrade.org/home.php

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.46

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