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TRADERSHOME Account Types

 

 

Overall Rating

4.7/5

Rated #264 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

Not Regulated

📱 Trading Desk

MetaTrader 5

Crypto

Yes

📈 Total Pairs

8

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

TRADERSHOME provides six different account types e.g., Student Account, Stater Account, Premium Account, Advanced Account, Pro Account, and VIP Account. Each account type has its own set of conditions for commission, margin call, and leverage, and minimum deposits.

Finding a reputable list about TRADERSHOME account types local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth account types Review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to the various Forex trading accounts made available.

 

TRADERSHOME Overview

TRADERSHOME is a global broker and has its head office in St. Vincent and the Grenadines.

A Forex broker like TRADERSHOME provides traders with access to one or more platforms that will allow them to buy and sell foreign currencies. Forex brokers are also known as retail or currency trading brokers. Retail currency traders in turn use these broker companies to gain access to the 24-hour currency market for speculation purposes.

TRADERSHOME was established in 2018. Being operative from Kingstown, St. Vincent, and the Grenadines, the broker is not properly authorized or regulated by a reputable watchdog, but so far, has exhibited competent and consistent trading practices.

As a very young company in the industry, it has already made a name for itself and managed to gain a large loyal user base.

TradersHome renders its services globally and makes use of the latest trading technologies. They offer many trading tools and elements, which give investors a wide range of options to choose from.

According to the TradersHome website, they guarantee goal-oriented and professional investment guidance, the security of funds, user-friendly platforms, more than 500 financial instruments to trade, and more.

It remains an offshore broker though, and being unregulated makes it a risk, so that many traders may be hesitant to join the company and part with their money.

 

TRADERSHOME Account Types

TRADERSHOME offers six different account types as well as the option of an Islamic Account on most of these accounts.

The minimum deposit required to open a student account is $250 and for a starter account, you need $2 500.

 

TRADERSHOME Account Features

The key trading benefits offered to all account holders are:

  • Secured funding options
  • Fast withdrawal without charges
  • Free educational tools and market analyses
  • More than 500 financial instruments to trade
  • No slippage, no requotes
  • Flexible leverage up to 1:400
  • Most advanced platform
  • MetaTrader 5 available on Windows, Android, and Apple

 

Student Account

If you are an actual student currently enrolled in school or consider yourself to be a student in trading, this account will provide you with all the required tools you might need. These include:

  • Mobile trading
  • 24 Hour trading
  • Minimum lot size of 0.01
  • MT5 as a trading platform
  • A minimum deposit of $250 required

 

This is a comprehensive package for a trading or university student, and the minimum deposit small enough to be able to make a profit.

 

Starter Account

This account is for traders who do not consider themselves as skilled enough to start trading pro but see themselves as more than a beginner. This account offers the following features:

  • Mobile trading
  • 24 Hour trading
  • The minimum lot size is 0.01
  • Trading platform provided: MT5
  • Minimum deposit required: $2 500
  • Islamic Account available for Muslim traders

 

This is a useful account suitable for starting traders that are above beginners but below pros. You need not invest too much upon registration and can still develop your skill via trading.

 

Premium Account

The TradersHome premium account offers more tools for traders that already have developed their skills enough to go above the starter account. It gives access to tools like the following:

  • Mobile trading
  • 24 Hour trading
  • Minimum lot size of 0.01
  • The trading platform provided is MT5
  • The minimum deposit required is $10 000
  • Daily analysis
  • Account manager available
  • The option of an Islamic Account

 

The daily analysis provides traders with information about market changes which come in handy when trading with sizable amounts. The account manager is also available when needed.

 

Advanced Account

This type of account is mainly fitted for experienced traders. Traders will work with larger amounts of cash and will receive the appropriate tools for such professional trading. These tools include:

  • Mobile trading
  • 24 Hour trading
  • Minimum lot size of 0.01
  • Trading platform provided: MT5
  • The minimum deposit required is $25 000
  • Account manager available
  • Daily analysis provided

 

Pro Account

This type of account is for experienced and professional traders with the specs and tools that come with this account being more than enough for successful and fruitful trading. They will receive access to:

  • Mobile trading
  • 24-hour trading
  • Minimum lot size of 0.01
  • Trading platform provided: MT5
  • Minimum deposit required: $50 000
  • Account manager available
  • The option of an Islamic Account
  • Daily analysis provided
  • Fixed spreads apply

 

Professional traders receive assistance from an account manager whenever they need and also gain access to fixed spreads which are important when handling large amounts of money and trading. The daily analyses is useful to stay ahead of the market changes.

 

VIP Account

The VIP account is also suitable for experienced traders and info on it is very scarce on the website. TradersHome only lists the minimum deposit, which is $100 000, and the rest is kept under “gift” icons suggesting to “ask your account manager.”

 

Islamic Account

TRADERSHOME offers Muslim traders who follow the Sharia law the option of an Islamic Account on all account types.

The TRADERSHOME Islamic Account offers traders trading with no swaps or rollover fees.

 

TRADERSHOME Demo Account

TRADERSHOME offers traders the option of opening a Demo Account which can be utilized in various ways, including the following:

  • A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
  • Traders who are evaluating and comparing brokers who would like to explore TRADERSHOME’s trading conditions in a risk-free environment, and
  • Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.

 

The TRADERSHOME Islamic Account

The purpose of an Islamic Account is that it caters specifically to Muslim traders who strictly follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

TRADERSHOME offers its Islamic Account only to Muslim traders who follow the Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which differ vastly from the individual account such as minimum deposit, spreads, and more.

Traders who are interested in registering for an Islamic account must contact TRADERSHOME’ customer support to verify the details of the account as conditions may have changed from the time of writing.

 

Pros and Cons

✔️ PROS ❌ CONS
Over 500 financial instruments Offshore broker
Fast withdrawal with no charges Unregulated
Advanced platform available on Windows, Android, and iOS Zero clarity on trading conditions
Market analyses
Flexible leverage
No slippage or requotes

 

You might also like: TRADERSHOME Minimum Deposit

You might also like: TRADERSHOME Demo Account

You might also like: TRADERSHOME Fees and Spreads

You might also like: TRADERSHOME Sign up Bonus

You might also like: TRADERSHOME Islamic Account

 

TRADERSHOME at a Glance

Broker’s name TRADERSHOME
Headquarters Kingstown, St. Vincent, and the Grenadines
Year founded 2018
Regulating authorities None
Countries not accepted for trade US and others
Demo account Yes
Islamic account (swap-free) Yes
Institutional accounts Yes
Managed accounts Yes
Maximum leverage 1:400
Minimum deposit $250
Deposit options Credit Card, Debit Card, Skrill, Wire Transfer,

WebMoney, Neteller, Western Union

Withdrawal options Credit Card, Debit Card, Skrill, Wire Transfer,

WebMoney, Neteller, Western Union

Platform(s) provided MetaTrader 5
OS compatibility Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad.
Tradable assets offered currency pairs, stocks, derivatives, commodities, spot metals, and indices.
Languages supported on the website English, French, Russian, Arabic, Italian
Customer support languages English, French, Russian, Arabic, Italian
Customer service hours 24/5

 

FAQ’s

 

Trading Environment

 

How many instruments can I trade with TRADERSHOME?

You can trade several different instruments with TRADERSHOME, which include the following:

  • Currency pairs
  • Stocks
  • Derivatives
  • Commodities
  • Spot metals
  • Indices

 

Which platforms are supported by TRADERSHOME?

TRADERSHOME provides the MetaTrader 5 platform

 

Does TRADERSHOME offer leverage?

Yes, TRADERSHOME offers maximum leverage of up to 1: 400.

 

What spreads can I expect with TRADERSHOME?

Since details on the website are not clearly enough stipulated, more information should be obtained from the customer support service.

 

Does TRADERSHOME charge commission?

More information on commissions may become available after opening an account.

 

Are there additional charges on the Islamic account?

Not indicated on the website.

 

Is TRADERSHOME regulated and by whom?

TRADERSHOME is not regulated

 

Is TRADERSHOME a recommended forex trading broker for experts and beginners?

TRADERSHOME offers a fair trading environment for most types of traders.

 

What is the overall rating out of 10 for TRADERSHOME?

6/10

 

Accounts

 

What is the difference between a demo and a live trading account?

A demo account as is offered by broker companies like TRADERSHOME is usually funded with virtual money and gives a prospective customer the opportunity to experiment with the company’s trading platforms and its features.

 

Does TRADERSHOME offer a demo account?

Yes

 

Can I convert my demo account to a live trading account with TRADERSHOME?

This is not clear from the information on the homepage.

 

Which live trading accounts does TRADERSHOME offer?

  • Student Account
  • Starter Account
  • Premium Account
  • Advanced Account
  • Pro Account
  • VIP Account

 

Does TRADERSHOME offer an Islamic Account?

Yes

 

What are the available deposit currencies for a live trading account?

USD, GBP, EUR

 

Deposits and Withdrawals

 

What is the minimum deposit required to open an account with TRADERSHOME?

$250

 

How do you make a deposit and withdraw money with TRADERSHOME?

TRADERSHOME offers the following deposit and withdrawal methods:

  • Credit and debit cards
  • Skrill
  • Wire Transfer
  • WebMoney
  • Neteller
  • Western Union

 

The same method that was used to fund an account must normally be used to withdraw money. Also, monies will usually only be refunded to accounts in the same name as the trading account.

 

Does TRADERSHOME charge withdrawal fees?

Fees from financial institutions may be applicable.

 

How long does it take to make a withdrawal?

Withdrawals by means of certain methods may be processed within a day, but those via wire transfers may take a few business days.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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