MainTrade Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-12 15:06

Abstract：MainTrade is an offshore broker based in the United Kingdom. MainTrade offers trading leverage up to 1:500 and requires a minimum deposit of $250. Detailed information about its trading operations is currently unavailable due to the inaccessible website. In addition, before considering trading with this broker, you should be aware that it lacks regulation.

　　Note: MainTrade's official website: https://maintrade.co is currently inaccessible normally.

MainTrade Review Summary
Founded	2022
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	/
Demo Account	❌
Leverage	Up to 1:500
Spread	From 1.5 pips
Trading Platform	Web-based
Min Deposit	$250
Customer Support	Email: support@maintrade.co
Customer Support	Physical Address: 2nd Jubilee Place, London E14 5NY, United Kingdom

　　MainTrade is an offshore broker based in the United Kingdom. MainTrade offers trading leverage up to 1:500 and requires a minimum deposit of $250. Detailed information about its trading operations is currently unavailable due to the inaccessible website. In addition, before considering trading with this broker, you should be aware that it lacks regulation.

Pros and Cons

Pros	Cons
Multiple trading account types	Lack of regulation
	Unavailable website
	High minimum deposit
	No MT4/5
	High annual management fee and inactivity account fee

Is MainTrade Legit?

　　MainTrade is not regulated by any major financial institution. It claims to be registered in the United Kingdom and to have obtained a license from the Financial Conduct Authority (FCA), but there is no authorized broker using the trading name or domain name 'MainTrade' in the FCA's database, further confirming the fraudulent nature of MainTrade.

Account Type

　　MainTrade offers four types of trading accounts: Standard, Silver, Gold, and VIP, but information regarding the minimum deposit requirement isn't provided.

Leverage

　　MainTrade offers leverage up to 1:500, which is fairly high in the industry. Furthermore, trading with such a high leverage poses high risks as well, especially with an unregulated broker like MainTrade.

Account Type	Max Leverage
Standard	1:400
Sliver	1:400
Gold	1:500
VIP	1:500

Spread

Account Type	Spread
Standard	From 1.5 pips
Sliver	From 1.5 pips
Gold	From 0.8 pips
VIP	From 0.0 pips

Trading Platform

　　MainTrade only offers a web-based platform developed by themselves. Although this platform has the basic functionality for placing orders, it cannot compare to the comprehensive and advanced features offered by MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

Trading Platform	Supported	Available Devices	Suitable for
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders
Web-based	✔	Computer	/

Deposit and Withdrawal

　　MainTrade offers multiple payment methods, including Paystudio, Coindeck, Gateway, Credit Card, Paypound, and ChargeMoney. However, MainTrade does not provide clear information regarding deposit and withdrawal fees.