Platinum World Server is a global online provider of Currency, CFDs & Commodity trading and more. It offers types of live accounts and demo accounts with the minimum deposit of $250. But it is not regulated and there are residents in many countries cannot trade with it.
Pros and Cons
Is Platinum World Server Legit?
Platinum World Server is not regulated by any institution. Besides, platinuworlserver was established on July 30, 2019. As of now, its status is “clientTransferProhibited,” meaning the domain cannot be transferred to another registrar without the owner's permission. The domain is set to expire on July 30, 2025.
What Can I Trade on Platinum World Server?
Platinum World Server offers currency, CFDs & Commodity trading and various other financial products.
Account Type & Leverage
Apart from demo accounts, Platinum World Server offers two kinds of live accounts - Standard and ECN. They offer up to 100:1 leverage. For the opening of an account with Platinum World Server a deposit of $ 250 or an equivalent amount in the currency of your choice is required.
Platinum World Server Fees (Spreads, Commissions & Swap Rates)
Platinum World Server offers different trading account types, each with its own spread, commission, and swap rates.
Standard accounts typically have wider spreads, while ECN accounts feature tighter spreads but charge a commission based on trade volume. Swap rates for holding positions overnight vary between long and short.
For example, for AUDCAD, the Standard account offer spreads from 2.5 pips and the ECN accounts offer from 1 pips.
Trading Platform
Platinum World Server offers trading platforms for both desktop and mobile devices. Users can choose between a trading software for computers or a web trader accessible through browsers on Windows and Mac. For mobile trading, an Android app is available on the Play Store, while iPhone and iPad users can download a specific app for real-time updates and account management.
Deposit and Withdrawal
Platinum World Server make a deposit and withdraw through VISA, MasterCard, Skrill, Maestro, and Bank Wire. The bank transfer may take up to 30 business days.
Customer Service
Platinum World Server does not direct channel to contact like phone and email but online messaging and social media including Twitter, Facebook and Instagram.
The Bottom Line
In conclusion, Platinum World Server offers forex business through their trading platforms across many devices, demo account supported. But recently, it is under unlicensed status.
FAQs
Is Platinum World Server good for day trading?
No.
What trading tools does Platinum World Server offer?
It provides economic calendar, technical signals, calculators and BTC signals.
At Platinum World Server, are there any regional restrictions for traders?
Yes. It does not provides services for the residents of the Afghanistan, Albania, Algeria, Andorra, Angola, Antigua and Barbuda, Argentina, Armenia, Australia, Austria, Azerbaijan, The Bahamas, Bahrain, Bangladesh, Barbados, Belarus, Belgium, Belize and so on.
