TRENDSMACRO Broker features and info our 2021 review

This means that any company – from anywhere in the world – can be incorporated in the Marshall Islands without it ever having to establish itself physically there. Such a provision allows a company to remain anonymous – operating from another location while showing that it is based in the Marshall Islands. This is particularly disappointing given that TRENDSMACRO claims to have brought together a team with vast experience of live trading in the markets.

Forex Fraud Certified Brokers

Customers who wish to make a deposit at TRENDSMACRO can do so by opening an account. Once they have done so, they can then make a deposit either by using a credit card or debit card or by sending cash in a wire transfer. Traders who wish to use the latter route ought to be aware that they will need to secure bank detail information from the broker via email. It has got plenty going for it, not least the offer of major platforms such as MetaTrader 4 as well as the significant number of asset classes and instruments that can be traded. In terms of drawbacks, the TRENDSMACRO team would be advised to improve its offer when it comes to education – and also to ensure proper regulatory oversight and more visibility on that front. Also, there does not appear to be much in the way of account fees charged at TRENDSMACRO.

According to the warning, TrendsMacro is targeting UK customers without being regulated by the FCA. The warning goes on to say that if you contract with this firm, you will not be afforded the protection that the FCA offers traders who use regulated brokers. Some reviews online have intimated that they haven’t received the best of customer support from TRENDSMACRO — that the broker’s responses were slow or not helpful. However, in our review, we can only base our findings on our own experience. We found the customer service team — available 24 hours a day, five days a week — to be exceptionally helpful.

Card payments

TRENDSMACRO is an offshore broker based in the Marshall Islands, which means that it is not under the authority of a major international regulating body. While many traders trade with these types of offshore brokerages, it is important that you are aware that they are not regulated in the same way that most European or American brokerages are. The broker displays all relevant legal documentation clearly at the website. We always advise that prospective clients carefully check all such documentation before committing to trading with a particular brokerage. TRENDSMACRO offers its clients access to the popular and award-winning MetaTrader 4 platform, in all its various versions.

1. As such, its mobile platform is a welcome addition to the TRENDSMACRO experience.
2. This is because the country has very loose financial laws which can offer licenses to companies that do not have a physical presence in their jurisdiction.
3. In this case, the broker’s site would be a prime opportunity to share their experiences and insight with their clients.
4. Market order execution means trades are executed at the current ask and bid prices, with no requotes.
5. Customers who wish to make a deposit at TRENDSMACRO can do so by opening an account.

Exposing TrendsMacro and fake DMCAs

This means that clients will never lose more money than they have deposited. Moreover, TRENDSMACRO uses the latest trading technology and ensures highly secure online trading facilities. The method of calculating the spread fees that you’ll pay, however, depends on your account type and individual trading situation. The broker specifies an amount for each of the four different account types, though this is a minimum only – and it can in some circumstances be higher.

The broker accepts customer service requests via post, email and telephone. On the broker’s ‘Deposit’ page, there is a reference to a live chat service, though this does not appear to be in use or available anywhere else. With no requotes, your order will be executed at the exact rate entered during order placement. Generally, brokers requote traders for a new rate when it fails to execute an order based on the price initially entered. Dealing with financial firms that are authorised or registered by us gives you greater protection if things go wrong.

TRENDSMACRO is a multi-asset broker with a strong commitment to its customers. The brand has clearly put a lot of its efforts into offering a tech-fuelled service, and it states that its managers have been operating in the industry for over two decades. On its website, it describes its services as “100% secure” – though it does not go into further detail about what this might entail. According to our in-depth research, TRENDSMACRO offers promising services and unique features, which are sure to be attractive to investors who seek advanced trading conditions. TRENDSMACRO completes transactions in compliance with anti-money laundering international laws.

TRENDSMACRO broker features

A regulated and legitimate broker will have very details legal documents – which will clearly enunciate every single aspect of the relationship between the trader and the broker. Written content is thin on the ground and so too, sadly, is the broker’s video library. A lack of tutorials, beginners’ guides to trading, technical analysis and charting seminars are noticeable. Available on iOS and Android smartphones and tablets, MetaTrader mobile allows you to enjoy the full trading experience on a smaller device. One of the features of the MT4 platform that can be overlooked is the calendar.

If the takedown notice is successful, this means the disappearance from the internet of information that is most likely to be legitimate speech. Unfortunately, there is no obvious information about this published on the broker’s website. This may be enough for some traders to avoid using the broker, though they can, of course, speak to the broker directly to find out whether there is indeed any regulatory oversight in place. Furthermore, even if a broker is operating in a market that allows for such high leverage ratios, it is not wise to accept them. While the potential rewards can be massive, the more probably losses can wipe you out. With this broker, all trading and payment options are blocked until your account is verified by TrendsMacro.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. But at the time of writing this review, we have seen no evidence of foul play at large, and the fact that client funds are segregated and negative balance protection is provided, offers some peace of mind. The spreads for the basic accounts start at 2.8 pips, which is pretty high by industry standards. Most brokers (the legitimate ones!) offer spreads that range from 0.5 pips to 1.5 pips.

Thus, the spreads offered by this broker are just not profitable for traders. The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and powertrend you can start trading using their demo account.

With all of the features the platform promises across web and mobile, you will have all of the tools at your disposal to be a successful trader at TRENDSMACRO. If you are a new or existing customer of TRENDSMACRO you can get in touch with any concerns or queries you may have. Customer support can be accessed via the broker’s dedicated customer service phone line, or by emailing the support staff at [email protected]. There is also a handy web form, which can be found on the contact page on the website, where you can request that support staff get in touch by phone or email. The broker states on its ‘About us’ page that it puts client deposits into bank accounts that are segregated from its own. This is a common practice at brokerages, and one that is advisable as a mode of protecting clients’ money.

These include a choice of several timeframes for user-friendly analysis of value fluctuations, as well as 30 technical indicators. When funding the trading account, the payment method must be registered in the trader’s name. If you wish to fund your account with a credit/debit card, then it’s necessary provide a copy of the front and back of the card being used. On the front copy show the first and last four digits of the coinmama exchange review card number, your name, and date of expiry.