Trade99: The Cryptocurrency Exchange
Trade99 is an exchange broker mostly dealing with cryptocurrencies and places a huge devotion to customer services. However, while they do focus mostly on cryptocurrencies such as Bitcoin, they do also deal with Forex and commodities like oil and precious metals. Most traders and investors have highly regarded it for its satisfyingly lightning-quick and stable trading platform along with its services. Besides, the exchange has won several awards for its use of innovative technologies, trading platforms, and helpful customer support. Currently, they can be found on their official website as of writing this at Trade99.com. Its incentives and sign-up bonuses have also been the talk of the trading community for a while. Just recently, Trade99 has offered its clients a chance to win an automobile (car) after accomplishing a set of simple tasks – ultimately, making this one of the first times a broker offered a car at its sign-up page. As great as this all sounds, however, this had left many to be under the impression that it’s too good to be true and would question as to whether Trade99 is a legitimate broker or not. Luckily, we are here to answer that question by delving deep into the details of its services and products. Hopefully, it may reveal something that may help you better in understanding Trade99 should you be considering about trading with them.
Trading Platform and Services
Trade99 uses the standard MetaTrader4 (MT4) – which is a plus for the broker as it is one of the more popular trading platforms in the modern industry. Even with the launch of MetaTrader5 (MT5), many still put MT4 as one of the best platforms to trade with. The reason for this is because MT4’s software and coding allow for great functionality and offers an astonishing variety of advanced trading tools. MT4 is also considered as one of the more stable platforms out there, being able to place trades quickly and conveniently. MT4’s trading platform also allows for the employment of live signals for traders to easily get a scope of the market before placing any trade.
Trade99 deals with cryptocurrencies that are in demand and offer pretty good leverages.
On Trade99.com, first-time traders can get up to speed with the aid of its education and training center that boasts an expansive library of materials, tutorials, and references.
Account Fees and Payment Methods
Trade99 holds an assortment of trading account types up for offer. In total, they have around five accounts that vary in deposit size and premium features. We can’t fully compare and determine which of these are the better as each of the accounts are beneficial in their special way and would depend on the trader’s trading strategies.
The account types are, namely Supreme, Limitless, Absolute, Infinite, and Eclat. Each requires its minimum deposit that is usually measured in Bitcoin’s equivalent.
Supreme Account requires a minimum deposit of $300 worth of Bitcoins. This itself would already guarantee the trader to trade over 190 assets along with daily market reviews for traders to determine trends. While this account type is a great starter pack for any online trader, it is very limiting for the advanced trader. This is where the aptly-named Limitless account comes in.
For just a minimum deposit of $1,000 worth of Bitcoins, the Limitless Account features the same options before it; however, it allows access to the MT5 Platform and a monthly webinar.
The Absolute Account costs more than the Limitless and the Supreme account together with a required minimum deposit of $5,000 but with many more features such as a 24/7 live support with dedicated staff from Trade99.
The Infinite and the Eclat Accounts are Trade99’s premium offerings, having a required minimum deposit of $10,000 and $25,000, respectively. It may seem much more expensive though Trade99 tries to entice newer clients with premium features such as exclusive updates, private sessions, luxury gifts, and exclusive access to V.I.P. Events.
Of course, people looking for a simple trading experience without all that background noise can always opt for the cheaper accounts which still provide quality services for any online trader.
Clients can deposit funds through the use of MasterCard and Visa. Meanwhile, withdrawals are quick and conventional, depending on the type of channel you are using to withdraw. At most, the withdrawal process with Trade99 can take up to no more than 24 hours. More details on Trade99’s depositing and withdrawing processes can be observed in their official website, Trade99.com.
In terms of security (which is an absolute must, especially for financial companies and entities), Trade99 utilizes SSL Encryption to secure funds and transactions. Trade 99 also has insurances for any client or trader willing to sign up, which can be a great stress reliever should unforeseen events are to occur in the company. Trade99’s security systems also contain some of the most advanced I.T. security mechanisms, stringent KYC, and strong anti-money laundering measures.
Trade99 has created quite an emphasis on readily-available customer support – whether it is a technical or fundamental inquiry. Trade99’s brokerage services provide a 24/7 live chat support that is readily available for all the clients’ needs. With active communication channels live even through the trading sessions, Trade99 provides maximum assistance through open channels at least five times a week. This kind of set up tends to guarantee that the exchange is trustworthy and has prioritized their clients’ best interest at heart.
Trade99: Legitimate or a Scam?
Of course, when it comes to exchanging brokers, regulation is one of the top and most important factors that traders must look for first above all else. After a bit of digging around online, it is apparent that Trade99 has obtained trading licenses that were authorized and validated by the Dominica Republic and by appropriate financial authorities and entities. Trade99 also operates with a valid license that has passed all tests and assessments required to consider the broker a legitimate one. On top of all that, Trade99 is backed up by the industry with its claims of legitimacy and credibility. Plus, these licenses and regulation are 100% guarantees to its client base that Trade99 does not have any fraudulent or criminal activities behind curtains and strive to be as transparent in its operations as possible.
After reviewing this site, it can be safe to say that Trade99 is indeed a legitimate cryptocurrency broker at its best. It has seemed to pass on all the boards in terms of features, technology, bonuses, and safety and security. Trade99 is a broker that has everything for all types of traders, and whether they are a novice or a seasoned professional who already knows the ropes, you could find something in Trade99 that would click for you.
Author: Jack Matias