Score
TRAZE
Seychelles|2-5 years| https://traze.com/
Website
Rating Index
Contact
Licenses
Single Core
1G
40G
1M*ADSL
- This broker exceeds the business scope regulated by South Africa FSCA(license number: 48248)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!
Basic information
Seychelles
2-5 years Regulated in South Africa Financial Service Corporate Suspicious Scope of Business Suspicious Overrun Medium potential riskAccount Information
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Website
traze.com
Server Location
United States
Website Domain Name
traze.com
Server IP
162.159.134.42
Company Summary
| TRAZEReview Summary | |
| Founded | 2004-07-20 |
| Registered Country/Region | Seychelles |
| Regulation | Exceeded/Suspicious Clone |
| Market Instruments | Forex/Commodities/Shares/Cryptocurrencies/Metals/Indices |
| Demo Account | ✅ |
| Leverage | Up to 1:2000 |
| Spread | From 0.2 |
| Trading Platform | MT4(iOS/Android/Windows/Mac) |
| Min Deposit | $50 |
| Customer Support | Email: cs@traze.com |
| 24-hour hotline: 400-8692-878 | |
| Twitter/Facebook/Instagram/LinkedIn | |
TRAZE Information
TRAZE is a broker. The tradable instruments with a maximum leverage of 1:2000 include forex, commodities, shares, cryptocurrencies, metals, and indices. The broker also provides two accounts, including STP Trading and ECN Trading. The minimum spread is from 0.2 pips and the minimum deposit is $50. TRAZE is regulated by FSCA, FCA, and FSAS, while risks cannot be completely avoided.
Pros and Cons
| Pros | Cons |
| Leverage up to | Exceeded/Suspicious Clone |
| 24/5 customer support | MT4/MT5 unavailable |
| Regulated | No specific transfer method |
| Spread as low as | No transfer time and fee information |
| Demo account available | Unclear swap fee |
| Various tradable instruments | Inaccessible official website |
| Unspecific fees information |
Is TRAZE Legit?
TRAZE isregulated by FSCA with license number 48248, but its current status is exceeded. It is also regulated by FCA with license number 768451 and FSAS license number SD027, whose current status is a suspicious clone.
What Can I Trade on TRAZE?
TRAZE offers over 120 market instruments, including forex, commodities, shares, cryptocurrencies, metals, and indices.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Shares | ✔ |
| Cryptocurrencies | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Stocks | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
TRAZE has two account types: STP Trading and ECN Trading. Traders who want low spreads can choose an ECN Trading account, while those with a small budget can open an STP Trading account. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.
| Account Type | STP Trading | ECN Trading |
| Minimum Deposit | ≥$50 | ≥$200 |
| Minimum FX Spread | 1.3 | From 0.2 |
| Maximum Leverage | 1:2000 | 1:2000 |
| Standard Lot Contract Units (FX) | 100000 | 100000 |
| Stop-Out Level | 30% | 50% |
| Minimum Trade Size (Standard Lot) | 0.01 | 0.01 |
| Maximum single order in Standard Lots | 30 | 50 |
TRAZE Fees
The spread is from 0.2. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:2000 meaning that profits and losses are magnified 2000 times.
Trading Platform
TRAZE provides the Traze Mobile Application and the authoritative MT4 trading platform available in iOS, Android, Windows, and Mac. Junior traders prefer MT4 over MT5. MT4 not only provides various trading strategies but also implements EA systems. In addition, Copy-Trading Platform can save time customizing trading strategies
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | iOS/Android/Windows/Mac | Junior traders |
| Traze Mobile Application | ✔ | Mobile | - |
Deposit and Withdrawal
The minimum deposit is $50. However, transfer processing times, methods, and associated fees are unknown.
Keywords
- 2-5 years
- Regulated in South Africa
- Financial Service Corporate
- Suspicious Scope of Business
- Suspicious Overrun
- Medium potential risk
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