What is EstaTrade.com?
EstaTrade.com is a Forex broker that offers online trading in currencies, CFDs, precious metals, and cryptocurrencies. The company is based in Estonia and is regulated by the Estonian Financial Supervision Authority (EFSA). EstaTrade.com offers a variety of account types and features, including leverage up to 1:500, a choice of platforms (MetaTrader 4/5, WebTrader), and negative balance protection. The broker also provides 24/7 customer support and a variety of educational resources.
Is EstaTrade.com Legit or Scam?
We have not come across any complaints about Estatrade.com being a scam broker. The company is regulated by a reputable financial authority and offers a wide range of features and services that are generally seen as positive. However, as with any online broker, there is always some risk involved in trading financial markets. Therefore, we recommend that you only trade with money that you can afford to lose.
What services does EstaTrade.com offer?
EstaTrade.com is a website that offers online forex trading services. It is a broker that provides access to the interbank market where banks and other financial institutions trade currencies. EstaTrade.com also offers investors the ability to trade through a dealing desk or ECN account.
Dealing Desk:
A dealing desk account is an account in which a forex broker acts as the market maker. The broker quotes both buy and sell prices for various currency pairs and makes money on the spread between these two prices. Dealing desk accounts are sometimes referred to as market maker accounts.
ECN Account:
An ECN account is an account in which a forex broker provides access to the interbank market, but does not act as the market maker. Instead, orders are matched between buyers and sellers at prices that are set by the banks and other financial institutions that make up the interbank market. ECN accounts are sometimes referred to as STP accounts or DMA accounts.
How to open an account with EstaTrade.com
In order to open an account with EstaTrade.com, you will need to provide the following information:
-Your name
-Your email address
-A phone number where we can reach you
-Your country of residence
-Which type of account you would like to open (standard or premium)
Once we have this information, one of our account managers will be in touch with you to discuss your options and help you get started.
Is EstaTrade.com a legit or scam forex broker?
EstaTrade.com is a forex broker that has been around since 2006. They are based in the Marshall Islands and are regulated by the Marshall Islands Financial Services Authority (MIFSA). They offer the MetaTrader 4 trading platform and have a minimum deposit of $100.
We did a thorough search to find out if EstaTrade is a legit or scam forex broker. We found out that they are indeed a legit broker, as they are regulated by the MIFSA. However, we also discovered that there have been several complaints about them, mostly regarding their customer service and withdrawal process.
Pros and Cons of EstaTrade.com
There are a lot of mixed reviews out there about EstaTrade.com, so it’s hard to say definitively whether or not it’s a legit forex broker. However, we’ve compiled a list of some of the pros and cons of using EstaTrade.com, to help you make up your own mind.
Pros:
– EstaTrade.com offers a wide variety of currency pairs to trade, including some less common ones like EUR/TRY and USD/MXN.
– They have a user-friendly platform that is easy to navigate and use for trading.
– Deposits and withdrawals are processed quickly and efficiently.
Cons:
– Some users have complained about customer service being unresponsive or difficult to reach.
– There have been reports of trades being executed incorrectly, or not at all.
– The spreads on some currency pairs can be quite high, making it difficult to make profits on smaller trades.
Conclusion
EstaTrade is a forex broker that has been around for a few years and has managed to build up a good reputation in the industry. They offer a wide range of currency pairs and CFDs to trade, as well as excellent trading conditions such as low spreads and fast order execution. Overall, we would recommend EstaTrade as a reliable and trustworthy broker for both beginners and experienced traders alike.