TraderOnline Review 2018

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TraderOnlineReview

Trader.Online Review

Established recently in early 2018, Trader.online is an online CFDs trading platform that is owned and managed by a holding company called Zola Ltd. The holding company is based and registered in the city of Sofia 1000, ul. Pirotska No 2 fl. 4, Apt. office 12 . Trader.online offers up to 200 different types of instruments for trading. It also features 24/7 customer support and comprehensive educational center.

Trader.Online Regulations

As a financial services provider that is based in the Marshall Islands, Trader.online is not regulated by any financial regulatory agency.

Trader.Online Reliability

In terms of its reliability and safety, Trader.online follows the industry best practices. The broker uses the latest SSL encryption technology to help secure its website from hackers. Its servers are protected with Norton and McAfee Security software.

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Trader.Online Trading Platforms

In term of trading platform, Trader.online uses a proprietary web-based platform. It can be accessed using a web browser and doesn’t require you to install or download any software.  Its user interface is simple and beginner friendly. Trading assets are clearly displayed on the left side of the trading screen with a large chart on the right of the screen.  With the platform, you can trade with more than 200 different types of assets.

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Trader.Online Mobile Trading

The platform is also optimized for smartphones or tablets hence letting you trade the markets wherever you are.

Trader.Online Trade Types/Instruments

In terms of trading assets, Trader.online’s coverage includes a wide selection of markets. They cover the currency market, stock markets, indices market, commodity market, and futures market.

Trader.Online Account Types

Trader.Online offers 3 types of trading accounts namely the “Take-off” account, the “Booster” account and the “Uplift” account.

Take-Off Account

  • Minimum deposit requirement $250
  • 24/7 Customer Support
  • 25% Welcome Bonus
  • Access to Customer Success Manager
  • Market update on a weekly basis
  • Regular emails on promotions
  • Regular webinars

Booster Account

  • Minimum deposit requirement $2500
  • 24/7 Customer Support
  • 50% Welcome Bonus
  • Access to charting tools
  • Access to Customer Success Manager
  • Market update on a weekly basis
  • One day withdrawal
  • Regular emails on promotions
  • Regular webinars

Uplift Account

  • Minimum deposit requirement $10,000
  • 24/7 Customer Support
  • 75% Welcome Bonus
  • Access to advanced charting tools
  • Access to Customer Success Manager
  • Free ebook and guides
  • Market update on a daily basis
  • One day withdrawal
  • Regular emails on promotions
  • Regular webinars

Trader.Online Commissions & Spreads

Trader.online doesn’t charge its traders any commission on the trades that they make on the broker’s trading platform. Instead, you are required to pay a small spread on the price quotes. The spreads are not advertised to the general public.

Trader.Online Deposits & Withdrawals Options

For the funding of trading accounts, Trader.online offers 2 methods, bank wire transfer and credit/debit card deposits. To make a deposit using your credit/debit card, simply log in to your trading account and select “Deposit”. Next, select either “card payment” or “Credit card 3D Secure”. Finally, fill in all the required details of the deposit.

As for bank wire transfer, contact customer support to request the transfer form. Complete the form and then submit it to your bank. Take of the reference number for your transaction. Finally, scan the form and submit it to customer support.

Withdrawals are also done through bank wire transfer and credit/debit card. The process is similar to making a deposit except instead of selecting “Deposit”, you select “Withdrawal”. The minimum amount that can be withdrawn is $100 and the process takes 1 to 5 business days to complete. Take note that for withdrawals, the following fees are applicable:

  • Credit Card: 25 USD/GBP/EUR + a processing fee of 10 USD, 5 GBP or 7 EUR
  • Debit Card: 25 USD/GBP/EUR
  • Bank Wire: 50 USD/GBP/EUR

Trader.Online Bonus & Promotions

As for bonuses, Trader.online offers welcome bonus to traders who have just opened their account. Depending on the type of trading account, the level of bonuses offered varies from 25%, 50%, and 75%.

Trader.Online Customer Support

To help their traders get started on the right footing, Trader.online has made available to them a comprehensive educational academy. The resources in the academy are categorized into 3 different levels, Beginner, Intermediate and Expert. Topics covered include forex basics, technical indicators and risk management.

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In the event that you need further support, you can also reach out to the customer support service through email, live chat, and telephone. The support service is available 24/7.

Pros and Cons

Pros

  • 24/7 customer support
  • Choices of trading accounts
  • Comprehensive educational center
  • User-friendly trading platform
  • Welcome bonus available

Cons

  • Lack of information on spreads
  • Unregulated Broke

Trader Online Q&A

  • Is Trader.Online regulated?

No, Trader.online is not a regulated broker.

  • Where is Trader.Online based?

The holding company of Trader.online Zola Ltd is based in the Marshall Islands. Its registered address is at the Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands.

  • How does Trader.Online make money?

Trader online makes its money by charging its clients a spread on the trades that they make on the trader. online’s trading platform.

  • How do I deposit in Trader.Online account?

You can fund your trading account at Trader.online through your credit/debit cards or by bank wire transfer.

  • How do I withdraw money from Trader.Online?

Withdrawals at Trader.online can only be done through bank wire transfer or credit/debit cards.

  • How do I open an account with Trader.Online?

To open an account with Trader.online, you need to first fill up the registration form and submit it with all the required documents for identity verification.

  • Is Trader.Online reliable?

With regards to Trader.online’s reliability, the broker follows the industry best practices with respect to security. The website is also protected by leading antivirus software and SSL encryption.

  • Does Trader.Online use MetaTrader?

No. Trader.online does not use the MetaTrader trading platforms.

  • Is Trader.Online a scam?

No. Trader.online is a newly established broker that is based in the Marshall Islands.

  • How safe is Trader.Online?

The broker uses the latest SSL encryption technology to protect any unauthorized breach by hackers.

Conclusion

As a newly established broker, the quality of Trader.online’s services and product offerings are considered at an average level. There are still several areas which the broker can improve upon to bring its offering up to a more expert level. For starters, a free demo account will enable potential traders to test out the platform first without having to risk any real money. Apart from this, it is a very sturdy offering from Trader.online.

TraderOnlineOverview

Company Information

Broker DetailsInfo
Headquarters CountryMarshall Islands
Foundation Year2018
Publicly TradedNo
Number Of Employees100

Deposit Options

Credit Card

Withdrawal Options

Credit Card, Wire Transfer

Contact Information

Trading Account Options

Account TypeInfo
Min. Deposit$250
Max. Leverage1:100
Mini AccountYes
Demo AccountYes
Premium AccountYes
Islamic AccountYes

TraderOnline Trading Features

Suitable For

Trader LevelYes/No
BeginnersYes
ProfessionalsYes
Day TradingYes
Weekly TradingYes
Swing TradingYes

Customer Service

TimeYes/No
24 Hours SupportYes
Support During WeekendsYes

Customer Support Languages

English, French

Trading Services

ServiceInfo
Supported Trading PlatformsTradologic
Fixed SpreadsYes
Educational ServiceYes
Email AlertsYes
Trailing SP/TPYes
Automated TradingYes
API TradingYes

Supported Instruments

Instrument TypeYes/No
CurrenciesYes
CommoditiesYes
CFDsYes
IndicesYes
ETFsNo
StocksYes
BondsNo

TraderOnlineUser Reviews

Rate this broker
  • 1.0
    Scam Company! Avoid
    Leopold
  • 1.0
    Worst scam ever
    Bongani
  • 1.0
    Haven’t received my withdrawals yet
    Y
  • 1.0
    DO NOT TRANSFER ANY MONEY
    Arpan
  • 1.0
    Big scammer around the world
    Azwinde
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