TradingBanks Broker Review

Forex Broker — TradingBanks Review

Founded in 2015,  TradingBanks is the new entrant into the over-competitive world of forex trading. The broker exclusively offers services in currency, as well as CFD and metal trading markets. TradingBanks is centered in British Virgin Island, and is regulated by Malta Financial Services Authority (MFSA).

 

Company Information

 

Name                                      :                                               TradingBanks

Website                                   :                                               www.tradingbanks.com

Founded in                              :                                               2015

Headquarters                          :                                               British Virgin Islands

The Owner                              :                                               ST World Trade Inc.

Regulation                               :                                               MFSA

Phone                                      :                                               85258194891

Email                                       :                                               cs@tradingbanks.com

Maximum Leverage               :                                               1:400

Minimum Deposit                    :                                               $250

Languages                              :                                               English, Italian, Russian, Arabic,                                                                                                        French, Japanese, and others

 

The TradingBanks Trading Accounts

TradingBanks offers trading platforms for desktop, web and mobile, thereby ensuring a quick-on-the-trigger approach for traders while they execute their trades. The list of these platforms start with MetaTrader 4, a desktop-based trading platform that is world renowned for providing a variety of financial instruments and tools to execute trades.

Meanwhile, the traders who want to break free from hassles of downloading a trading software, and those who are more concerned about an on-the-go trading service can choose WebTrader. The TradingBanks WebTrader platform is 100% online based service that can be accessed through any device and web browser.

The aforementioned platforms are also available for Android and iOS-based smartphones and tablets.

 

Main Features

TradingBanks surely emerges as a competitive forex broker when it comes to staying simple and informative in its approach towards clients. This is genuinely reflected in the range of services and features it brings on the table. We are particularly impressed by the focus TradingBanks has put on its educational material, which includes of everything from beginner’s course to trading strategies. Even professionals would find them useful!

A part of their educational service also focuses on providing expert trading advices, a feature we believe makes TradingBanks very distinctive in its own way.

Coming to trading services, TradingBanks offers more than 200 financial instruments, covering major pairs from forex, commodities and CFDs market. Based on the account type clients pick, the leverage on trading these pair can vary from 1:400 to 1:100, while the minimum lot size remains to be 0.01. Both fixed and floating spreads, where minimum spreads start from as low as 1 pip or zero pip.

Other features available at Trading Banks include:

  • Hedging
  • Pending Orders
  • One Click Trading
  • Mobile and Automated Trading
  • Competitive Spreads
  • Free Daily Technical Analysis
  • Free Education Center
  • Daily Market News

 

Customer Support

TradingBanks ensures to provide a flawless experience to all its clients when it comes to addressing queries. The staff there — very calm and thoughtful — keeps solutions on tips. They can be reached via phone, email and live chat 24/7.

 

Final Word

TradingBanks is a new platform but maintains its professionalism such fantastically that it doesn’t feel like trading with a newbie. They have a great team, supplemented further with attractive features, services and regulations that makes them shine alone in the crowd of many new brokers. Traders are recommended to give it a try.