Traders Home: forex broker review and real user feedback
Review of the forex broker Traders Home
Traders Home is a brokerage company with a good reputation and standard trading conditions. Their platform has significant potential, offering users high leverage and a low minimum investment threshold.
The address of Traders Home is listed on their website tradershome.com. The web page design is quite restrained, done in dark shades. The main risks of trading and potential trader losses are highlighted on the homepage. There are restrictions that may prevent some users from participating in certain transactions. Our Traders Home review included a detailed overview of the company, an analysis of its activities, and a study of reviews from traders. We invite you to familiarize yourself with the results.
Registration process on the website
Registration on Traders Home is simple and fast, which is positively noted by clients. To successfully register on Traders Home, you need to fill out a small form, including such data:
- Full name,
- Date of birth,
- Contact phone number,
- Residential address,
- Email,
- Choice of currency for operation.
After agreeing to the platform’s rules and the desire to receive information newsletters, you can complete the registration by clicking the “Register” button. After that, the process is complete.
Next, you need to log into your account and select a suitable account type from the available six. It is important to note that verification is not required during registration on the Traders Home platform or the submission of documents. This will only be required for future fund withdrawals.
Account funding on the broker’s website
You can fund your account on Traders Home using electronic payment systems Neteller and Skrill. Users note that company managers contact depositors within 1-2 hours to confirm the transaction. Bank card deposits and transfers are also available, which may take a few days as mentioned in reviews.
Description of broker trading plans
To start on Traders Home, you need to choose a suitable trading plan. Let’s consider each of them:
- “Beginner” – for novices with investments from $250, mobile version available;
- “Starter” – for experienced traders, investments from $2,500, 24/7 access, and Islamic account;
- “Premium” – for ambitious individuals with a minimum of $10,000, access to the mobile version, and daily analytics;
- “Advanced” – for professionals with investments from $25,000 and representative assistance;
- “Pro” – with deposits starting from $50,000, Islamic account and fixed spread;
- “VIP” – for large investors with investments starting from $100,000.
Each of the trading plans implies a certain level of knowledge and experience, and the choice is made during the registration process.
Trading conditions on Traders Home
Traders Home uses the well-known MT5 platform. Trading operations are executed quickly regardless of the trader’s device. The platform offers over 90 currency pairs and a wide selection of cryptocurrencies, including Bitcoin, Bitcoin Cash, and Ethereum. Traders Home provides approximately 500 trading instruments for all types of accounts. Users have access to automatic charts and a cryptocurrency calculator.
Traders can use leverage up to 1:400 for Forex trading, allowing them to test their skills in the market. Traders Home also provides access to an efficient investment portfolio and spot index trading.
Trading operations can be carried out 24/7, except for a 10-minute break before and after midnight. The schedule may vary slightly on holidays and weekends.
Withdrawal methods
Traders Home ensures the security of fund withdrawals through identity and residence verification. To withdraw funds, users can use the same methods as for deposits. Reviews note that using electronic payment systems speeds up the withdrawal process. After the transaction is completed, representatives will contact the client.
If bank cards are used, the process may take up to two days. User reviews confirm that the fund withdrawal procedure is the same for all account types.
Commissions at Traders Home and technical support
Commissions are charged for certain operations, including spot trading, profit withdrawal, and cryptocurrency trading. The commission sizes at Traders Home are substantial, as mentioned in client reviews.
Several ways are available to contact technical support: sending emails to the specified address, calling the provided number, or messaging on social media. Responses from company staff are prompt and in the same language as the client’s inquiry.
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Review summary: Traders Home
Based on the Traders Home review conducted, it was found that the company has both positive and negative aspects. Among the broker’s advantages are:
- Rich experience and stable operation;
- Website multilingualism;
- Legal operation;
- Quality educational materials;
- Wide range of trading instruments;
- Charging commissions only for certain operations;
- Required verification for security;
- Professional customer support;
- Simple account management.
Traders Home is a broker with years of experience that supports their positive reputation. However, remember that the decision on investments and risks remains with you.
My experience with Traders Home forex broker was nothing short of disappointing. The platform was more often than not glitchy and froze during peak trading hours. This resulted in a loss of numerous good investment opportunities. The customer service was also a letdown; representatives were hard to reach and once contacted, their responses were misinformed and vague. On numerous occasions, I encountered issues with withdrawing my own money, with processes being unnecessarily complicated and drawn out. The high spreads and hidden commissions make it not worth anyone’s time and money. Overall, I would not recommend Traders Home to any serious trader.