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Trade5000 Broker Review

Trade5000 Broker Review
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Trade5000 is an unlicensed forex and CFDs broker that offers investors the opportunity to trade over 1,000 assets in four major financial markets: forex, stocks, commodities and indices. Mind you, when in the process of reviewing this broker, we realized this company could not even agree on what their name is, as half the website was... Read more
Trade5000 is an unlicensed forex and CFDs broker that offers investors the opportunity to trade over 1,000 assets in four major financial markets: forex, stocks, commodities and indices. Mind you, when in the process of reviewing this broker, we realized this company could not even agree on what their name is, as half the website was Trade5000 and the other half Trade 5000. This was not the best start, but let’s give this broker the benefit of the doubt and see what they offer. Are they any different to just any other unlicensed broker? Read our full review below and find out.
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  1. Trade5000 is an unlicensed forex and CFDs broker that offers investors the opportunity to trade over 1,000 assets in four major financial markets: forex, stocks, commodities and indices.

    Mind you, when in the process of reviewing this broker, we realized this company could not even agree on what their name is, as half the website was Trade5000 and the other half Trade 5000. This was not the best start, but let’s give this broker the benefit of the doubt and see what they offer. Are they any different to just any other unlicensed broker?

    Read our full review below and find out.

  2. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    Between 74-89 % of retail investor accounts lose money when trading CFDs
    Your capital is at risk

  3. Trade5000 Special features

    Like most brokers, Trade5000 (let’s agree on Trade5000 for now) has six different account types available for its users to choose from based on the deposit you are willing to make. As in most cases, the higher the deposit, the more extra features added to the account.

    The features you will find available on all six accounts are:

    • 24/6 support
    • Education center
    • Demo account
    • Daily Market review
    • Pro webinars
    • Price alerts

     

    The differences and extra features of each account are listed below.

    Green Account

    • $250 minimum deposit
    • 30% welcome bonus

    Silver Account

    • $1,000 minimum deposit
    • 40% welcome bonus
    • 10 trading signals
    • 10 1-on-1 expert sessions

    Gold Account

    • $5,000 minimum deposit
    • 60% welcome bonus
    • 15 trading signals
    • 20 1-on-1 expert sessions
    • 4-5 pips of fixed spreads on major currency pairs

    Platinum Account

    • $10,000 minimum deposit
    • 80% welcome bonus
    • 20 trading signals
    • Unlimited 1-on-1 expert sessions
    • 3-4 pips of fixed spreads on major currency pairs

    VIP Account

    • $20,000 minimum deposit
    • 100% welcome bonus
    • 30 trading signals
    • Unlimited 1-on-1 expert sessions
    • 3-4 pips of fixed spreads on major currency pairs

    Black Account

    Trade5000 states that users should ask their account managers regarding the exclusive bonus conditions.

    The only features they mention on their page are:

    • $100,000 minimum deposit
    • Unlimited trading signals
    • Unlimited 1-on-1 expert sessions

  4. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  5. Testimonials FairForexBrokers Your capital is at risk

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  6. Trade5000 Trading software

    The only thing we know about the assets users can trade at Trade5000 is that they are part of the four major financial markets of forex, stocks, indices and commodities. There is no mention of cryptocurrencies anywhere on the site, which means they do not have cryptocurrency trading. They do mention their leverage, which can be up to 1:200.

    Overall, the Trade5000 site is not very informative when it comes to certain trading conditions, the assets as mentioned above, and the platforms they use. These are all red flags, because it shows lack of transparency and no interest to fully inform traders what you offer. The entire site is rather vague.

    Remember: Even is a site looks professional and impressive, this does not mean the broker behind it is professional. Many scam brokers hide behind professional designs that lure traders in and then take all their money.

    Education

    What Trade5000 lacks in information about their company and platforms, they make up for in education about the forex and CFDs industry in general. They have a large education center available for free which includes eBooks, video courses, webinars, financial news, chart analysis, market summary, video chart analysis and a glossary of all the basic trading terms.

    Make no mistake, general education concerning forex and CFDs before you trade is important, but again, does not mean this broker is to be trusted.

  7. If you want to trade with an award-winning licensed broker, we recommended using IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  8. Trade5000 Support information

    Trade5000 offers several ways customers can contact them. Users can either send them an email, call them on one of the eight phone numbers they have available (UK, Kazakhstan, Russia, Poland, Latvia, South Africa, Malaysia, Switzerland, Spain), fill in the online contact form on their site or reach them directly through live chat.

    Their website is only available in English and Russian, even though they claim to have multilingual customer support.

    They mention their customer support team is available 24/6.

  9. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  10. Trade5000 Payment Methods

    Trade5000 is owned and operated by a company called International Payments 5000 Ltd, located in Estonia.

    If a user decides to deposit with this broker (which is not advisable) there are several payment methods they accept: credit card (Visa, Mastercard), wire transfer, Neteller, Skrill, WebMoney, Qiwi Wallet, AstroPay and Yandex Money.

    Verdict

    After careful investigation and review of this broker, we have come up with the conclusion that Trade5000 should not be trusted. This is an unlicensed broker, with a vague site and too many empty promises and bonuses. Whenever you see too many bonuses and big promises, all the while being especially vague, stay away from this broker.

    Always make sure to trade with licensed and trusted companies – those are the true professionals.

  11. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    • FREE $10,000 demo account
    • Award-winning trading platform
    • Licensed and regulated broker

    Trade with an
    award-winning broker
    like IQ Option

     

     

    Between 74-89 % of retail investor accounts lose money when trading CFDs
    12. Your capital is at risk
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