IZI Trades-Overview of Minimum Deposit, Spreads & Leverage

WikiFX | 2021-11-22 19:40

摘要：IziTrades is advertised as a broker created by traders for traders, which provides easy access to various markets with over 100 trading instruments, including forex pairs and CFDs.

General Information & Regulation

IziTrades is advertised as a broker created by traders for traders, which provides easy access to various markets with over 100 trading instruments, including forex pairs and CFDs. And IziTrades also says to be the official trading partner of Lamborghini and to have been awarded multiple international awards. Unfortunately, the truth is quite different. Not only that IziTrades are not partnering with Lamborghini, but also it turns out their company is based offshore on the remote atoll of Vanuatu, somewhere in the middle of the Pacific Ocean, which in practice makes them virtually anonymous. ziTrades is a unregulated, offshore broker so by definition it cannot be legit.

Markets Instruments

IZI Trades advertises that it provides easy access to various markets with over 100 trading instruments, including forex pairs and CFDs on indices, commodities, precious metals and stocks.

Minimum Deposit

IZI Trades a choice of five account types – Standard, Ruby, VIP, Diamond and Limited, with minimum initial deposit for an standard accounts is $1000, absurdly high compared to many other brokers requirements, $100 or even less.

Leverage

In terms of trading leverage, IZI Trades offers the leverage up to 1:1000, which is considered high. Trading with an unregulated broker offering such high leverage is not a good option, since leverage can amplify returns as well as losses.

Spreads & Commissions

When it comes to spreads and commissions available, GGtrade seems to be quite vague about this part, not providing related information about it.

Trading Platform Available

To our surprise, IZI Trades‘s traders are given access to two trading platform options, MT5 trading platform and a simple proprietary online platform. MT5 is built with various trading tools and capabilities — nine chart types, expert advisors, multiple timeframes, and more - to offer seamless access to the global financial markets. 1Markets’ MT5 trading platform is available in desktop, web, and mobile versions.

Deposit& Withdrawal

In terms of payment methods available, GGtrade does not tell us what funding option it works with. In most cases, most brokers support traders to fund their accounts through Debit/Credit (Visa, MasterCard, Maestro), wire transfer, Skrll, Neteller, Paypal.

Broker