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Spot Trader Review and Information 2024

Spot Trader
Voting Rating Spot Trader does not participate in the Forex Rating
Submit Forex Broker
Reviews Rating
Status Closed
Regulation NFA (ID: 0393266)
Trading software Meta Trader 4
Headquartered Hickville, NY, United Sates;PH: 866-472-6101

Standard and Mini Accounts Available
Tight Reliable Spreads
Real Time P/L
Built in Customizable Charts
Built in Expert Advisor
Multi Lingual Interface
Free Demo Accounts
Daily Trading Statement via Email
Mobile Trading Available

Spot Trader Trading Information 2024


WWW http://www.spottraderfx.com/
Headquarters Hickville, NY, United Sates
Free phone 866-472-6101
24 hour support
Free education
Mobile trading
24/5 trading
Pip spread on majors 2-3
Maximum Leverage 50:1
Standard account, $ 250
Mini account, $ 250
Popular payment methods Credit Card, PayPal, Wire Transfer
Available assets CDFs, currency pairs
Languages English
Platforms Meta Trader 4
Regulation NFA
Foundation 2008

Spot Trader Traders' Reviews

  23 Jul 2017
Recommend to consider this broker very seriously. Lots of good services and features. No critical issues were found during my demo and live trading mode review. Many trading platforms are available including mobile apps. This is what really helps me. I’m old school trader and trading currencies is my part time job. However, mobile trading works very well. There are no delays in orders execution whether it made through mobile or desktop platform. Don’t know what quality broker delivers while trading big money but retail trading through mobile app has no complaints from me.
  29 Aug 2016
Just spoke to customer service representative and it looks like very responsive. Online chart is the fastest way to reach someone from back office. Right now, I'm setting up my trading account and it goes very smoothly. An initial paper work was done a couple of days ago. I've sent all docs for confirmation my identity and it was already confirmed. Actually, it was enough to provide screen short of my banking statement. If you need to make phone call, as I said, it doesn't take you a long time. No line and you won't wait hours. I'll tell you more, my friend is experienced trader who work with spot trader for more than 5 years told me about them. He said it is a complete mismatch of what you get and what people say about broker. Things much better than you can read on forums. So I have no doubt to make deposit and start trading with them.
  29 Aug 2016
Guys, I'm sorry but I cannot agree with previous comment at all. This broker gives you opportunities and all tools to trade currencies. If you blame spot trader, you don't really know how to make money on forex, or you're probably never seen what means bad prices, wide spreads and etc. That's right if you have big spread on eurusd during important market news, but I have spread below one point in all other cases. There is no reasons to complain. Many other companies will give you twice wider spreads on the same pair.
  26 Jul 2016
My terrible experience without having to deal with real broker left only zero balance on account. Furthermore, I would not able to benefit from getting profit because it was too fast. I'm not that type of people who take risks but sometimes it does not depend on you. They switch all positions among customers inside the company. The problem is when market goes against the broker, they start to play against you and use all available tools to close your position by stop loss. That's how scammers work. Otherwise, they take all customers losses and become bankruptcy. That will never happen if you trade with spot trade. Be careful, withdraw your funds and stay away.
All Spot Trader Reviews

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