Traderminds.com Review

Traderminds.com: General Information

Broker Name: Trader Minds

Broker Type: Forex & CFDs

Country: England

Operating since year: 2023

Regulation: N/A

Address: 40 Bank Street, Heron Quay, Canary Wharf, E14 5AB

Broker status: Active

 

TraderMinds.com Customer Service

Phone: +442034554958

Email: N/A (Contact Form)

Languages: English. German

Availability: 24/7

Trading

The Trading platforms: WebTrader, MT4

Trading platform Time zone: (GMT+1)

Demo account: No

Mobile trading: Yes

Web-based trading: Yes

Bonuses: Yes

Other trading instruments: Yes

Account

Minimum deposit: $250

Maximal leverage: 1:500

Spread: Floating From 0.0 Pips

Scalping allowed: Yes

Traderminds.com review: First Impressions

International and regulated, Trader Minds is a new and promising broker. On the official website of IFSC, the license number can be verified as being current.

The broker is part of The Financial Compensation Fund and has Negative Balance Protection. These two factors guarantee the complete protection of the trader’s funds as well as monetary compensation in the event of human mistake. Trader Minds offers its clients the ability to trade currency pairings, equities, commodities, metals, ETFs, energies, soft commodities, indicies, and cryptos.

Beginner users are welcome at Trader Minds. Their spreads, which on well-known currency pairs like EUR/USD can be as tiny as 0.001 pip, further support this. For the micro account, a minimum lot size of $0.01 is required. The three currencies that Trader Minds offers are USD, CNY, and EUR. There are 8 asset classes accessible, and execution times are promised to be extremely quick.

We’ll go in depth on everything in our traderminds.com review, so let’s begin!

Trading Instruments

The brokerage offers a wide range of trading instruments. Forex pairs include EUR/USD, GBP/USD, USD/JPY, EUR/JPY, USD/AUD, and more. Leverage can reach 500:1. Spreads also vary by account type. Remember that spread markups are only trading costs, and in a real-time trading environment, you might encounter market spreads that are inevitably present because of the discrepancy between ask and bid prices. It’s vital to remember that New York and Tokyo have the busiest trading hours.

CFDs on Indices have two purposes: they serve as a gauge of a sector’s health, and they may also be traded as CFDs. Leverage is up to 100:1 when trading Indices with Trader Minds. Indices display the performance of a stock portfolio. The S&P 500 or US 500 index, tracks the top 500 US publicly traded firms, for instance. Keeping an eye on indices is advised even if you do not intend to trade them. A decline in the price of the US 500 suggests that US corporations are having trouble, and vice versa, a gain in the index price will be encouraging. The forex and commodity markets, for example, are impacted by the stock market.

Crypto CFDs are also available on ‌traderminds.com. You can trade BTC/USD, ETH/USD, LTC/USD, and other currency pairs as CFDs. CFDs are fantastic because they allow you to profit from price movement in any direction without really owning the item. When the price is rising, you can buy and gain from a bull market, and when the market is bearish, you can sell.

Contracts for Difference, or CFDs, enable traders to engage in such trading. This is not possible when exchanging actual tokens. Furthermore, traders can take advantage of leverage when trading crypto-CFDs. For trading cryptocurrencies, Trader Minds provides leverage up to 5:1.

TraderMinds.com Trading Platform

When researching for our traderminds.com review, we were pleased to find that it provides MetaTrader and a unique in-house trading platform. Users can trade using the same credentials on a PC and a smartphone. The abundance of built-in and custom indicators is just one of the many benefits associated with MetaTrader. To completely automate your trading, you can even download or create your own Expert Advisor program using the platform.

Hedging and Expert Advisors are both accepted on the unique traderminds.com review platform. hedging is a crucial trading strategy that can help traders reduce risk when operating in volatile markets. Hedging is the simultaneous purchase and sale of the same currency pair or other instrument, to put it simply. Why would somebody choose to hedge? Traders enter a trade when they anticipate the market will move in a particular direction. Before turning in the right direction, markets occasionally tend to go in the opposite direction of the deal. By insuring the asset against certain news disclosures in this situation, some expert traders are reducing their trading risks. Hedging orders are closed once the threat has passed. Using hedging techniques with Trader Minds is allowed for all three account types.

Available Account at traderminds.com

We were quite surprised when researching account types for our traderminds.com review, since it offers 5 different types, which is significantly more than the industry standard of 3. Almost every type of trader has access to features through these account categories. It only takes a quick glance to discover the most suitable one depending on your unique trading habits. Let’s examine them in more detail.

Bronze Account

• 28 currency pairs, metals, CFDs on US equities, CFDs on indices, CFDs on oil, and cryptocurrencies are among the trading instruments
• $10 or €10 is the minimum deposit
• Floating from 0-pip spread
• Leverage maximum: 1:300
• Deposit bonuses: inaccessible
• Loyalty bonuses – All offerings

 

Silver Account

This Trader Minds account is for professionals that want the best trading conditions, the narrowest spreads, and quick execution.

• 36 currency pairs, metals, CFDs on US equities, CFDs on indices, CFDs on oil, and cryptocurrencies are available as trading options
• $10 or €10 is the minimum deposit
• Floating from 0-pip spread
• Leverage maximum: 1:500
• Deposit bonuses are offered
• All loyalty bonuses offered

 

Gold Account

While conducting a study for our ​​traderminds.com review, we found that this is a special account for experienced traders who want access to all major financial markets from a single account through the multi-asset web trading platform.

• 12,000+ trading instruments for indices, cryptocurrencies, stocks, CFDs, forex, and ETF
• Deposit requirement: $100
• Spread: starting at $0.1
• Leverage maximum: 1:300
• Deposit bonuses: inaccessible

 

Premium Account

The crucial component is using cents as the foundation unit of currency (US Cent, EU Cent, etc.)

• Trading instruments: Metals, cryptocurrencies, and 36 currency pairs
• $10 or €10 is the minimum deposit
• Spread: Floating at 1.3 pip intervals
• Leverage maximum: 1: 500
• Bonuses for deposits – All promotions
• All loyalty bonuses offered

 

Platinum Account

The most popular account type at Trader Minds, which offers the best trading conditions and is appropriate for both novice and seasoned traders.

• Trading tools: Metals, CFDs, 36 currency pairs, and cryptocurrencies
• $10 or €10 is the minimum deposit.
• Spread: Floating at 1.3 pip intervals
• Leverage maximum: 1: 500
• Bonuses for deposits – All promotions
• All loyalty bonuses offered

 

Demo Account

For new traders who are not yet familiar with any trading tactics, this is an additional chance. Trading on a demo account cuts the risk of losing real money while using fictitious money.

Bonuses

For active traders, the broker Trader Minds offers a variety of perks. Additionally, when you register with the broker, you will receive a 30 dollar welcome bonus. Only the first traders who register are eligible for the initial capital.

The Classic Bonus is a one-time payment that can increase your deposit amount by up to 120%. Even though the equity on the trader’s account is less than the amount of the extra funds, the Profit Bonus of up to 60% still applies. The final incentive deal is a 10% bonus on the traders’ account balance. You will instantly qualify for the monthly payment as the annual % on your account balance once you enroll in the program.

Trader Minds Review: Final Verdict

In this Trader Minds review we went over many aspects of the brokerage, and can confidently say that it is one of the top trading firms currently on the market. With the amount of promotions, various accounts, and over 10 global awards for its performance, traderminds.com is absolutely the location you should address if you are willing to start or maintain your professional trading career.