IsTrade
Official information about the IsTrade dealing center
The IsTrade dealing center is registered in an offshore zone (Saint Vincent and the Grenadines) at the address: First Floor, First St Vincent Bank Ltd Building, James street, Kingstown, ST Vincent and the Grenadines. Note that this address is found on the websites of other offshore brokers.
IsTrade has a registration number 1358 LLC 2021, however, the license is not specified on the official project website. This raises doubts about the legality of the broker’s activities.
The website istrade.cc is available in Russian, and the main page looks as follows.
Contacts and account information
For contacting support, there are email, phone number, and a feedback form provided. Information about the project’s management, creators, and current employees is unfortunately missing.
To start trading, a real account needs to be created. The types of accounts are as follows:
- Trader – $250.
- Standard – $1000.
- Classic – $5000.
- VIP – $10,000.
- Pro – $100,000.
Trading conditions and the IsTrade platform
On the broker’s website, details about tradable assets such as Forex, commodities, CFD contracts, futures, stocks, and bonds can be found. Accounts have differences, for example, the availability of extended leverage is only for VIP and Pro accounts.
The IsTrade trading platform is MetaTrader with various features like customizable charts, multitasking, multilingual support, one-click trading, different strategies. Mobile and web versions of the platform are also available.
Account funding and withdrawals
Methods for depositing and withdrawing funds are presented on the website in the form of payment system logos. There is no information about commissions, but there are documents specifying the rules for fund deposits/withdrawals and processing times for requests (4-7 business days).
Conclusions
Facts about the registration and licensing of IsTrade raise doubts. To make a decision about collaborating with the broker, it is important to analyze the available information and review the opinions of other traders.