TradeClan

WikiFX | 2024-11-13 18:50

Abstract：TradeClan, is a Belarus-based broker offering trading forex currency pairs, stock, indices, futures contracts, commodities, bonds, and securities of popular brands with leverage up to 1:100 and spread from 1.2 pips on the Standard account. Demo accounts are available via the leading MT5 platform and the minimum deposit requirement to open a live account is as high as $300.

Note: TradeClan's official website: https://tradeclan.by is currently inaccessible normally.

TradeClan Review Summary
Founded	/
Registered Country/Region	Belarus
Regulation	Regulated by NRRB
Market Instruments	Forex currency pairs, stock, indices, futures contracts, commodities, bonds, securities of popular brands
Demo Account	✅
Leverage	Up to 1:100
Spread	From 1.2 pips (Standard account)
Trading Platform	MT5
Min Deposit	$300
Customer Support	Phone: +375 29 199 88 99
	Email: info@tradeclan.by
	Address: Prospekt Dzerzhinskogo 104a Minsk, Belarus

TradeClan, is a Belarus-based broker offering trading forex currency pairs, stock, indices, futures contracts, commodities, bonds, and securities of popular brands with leverage up to 1:100 and spread from 1.2 pips on the Standard account. Demo accounts are available via the leading MT5 platform and the minimum deposit requirement to open a live account is as high as $300.

Pros and Cons

Pros	Cons
Regulated by NRRB	Inaccessible website
Various trading instruments	Lack of transparency
MT5 trading platform	High minimum deposit
Demo accounts available

Is TradeClan Legit?

TradeClan operates under NBRB (National Bank of the Republic of Belarus) regulation with license number 193618546, holding Retail Forex License.

What Can I Trade on TradeClan?

TradeClan offers forex currency pairs, stock, indices, futures contracts, commodities, bonds, securities of popular brands.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Stocks	✔
Bonds	✔
Futures contracts	✔
Cryptocurrencies	❌
Options	❌
ETFs	❌

Account Type

TradeClan provides demo accounts for both novice and experienced traders to practice their trading strategies without risking real capital.

For traders seeking a high-end trading experience, the Premium account from TradeClan requires an initial deposit of $10,000, providing maximum leverage of 1:100.

Those with a moderate budget can choose the Gold account, which demands a minimum deposit of $500.

Alternatively, beginners or those with a smaller capital base can opt for the Standard account, needing a minimum deposit of $300.

Account Type	Min Deposit
Standard	$300
Gold	$500
Premium	$10,000

Leverage

TradeClan offers a maximum leverage of 1:100 across all account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads

On TradeClan, the Premium account features the lowest spread at 0.5 pips, followed by the Gold account at 0.7 pips, and the Standard account at 1.2 pips.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	❌	/	Beginners
MT5	✔	/	Experienced traders

Deposit and Withdrawal

TradeClan accepts deposits via bank payment cards via WebPay, direct bank transfers, and ERIP for cardholders of Belarusian issuing banks. The company reimburses the deposit fee.

Deposits made through these methods are typically credited the next day, although bank transfers take 1-5 days for funds to reflect in the account.

Withdrawals are processed using the same methods as deposits, except for ERIP, and typically take up to 5 days to complete.