DirecTrader Review
75
Review
Fast Facts
Contact Info and Support
Traffic information
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About DirecTrader
DirecTrader (also styled as Directrader) operates trading services in FX, CFDs on equities, precious metals, energy, indices and cryptocurrencies, offers minimum deposits reportedly around $50 to $250, leverage up to 1:400 depending on account type, and includes account types such as Mini, Silver, Gold, Diamond, and VIP with deposits ranging from thousands to up to $1 million ().
DirecTrader is unregulated: it holds no licences from any recognised financial authority. It claims registration in Saint Vincent and the Grenadines, but this is unverifiable and the SVG FSA does not license forex brokers (). The Spanish regulator CNMV added DirecTrader to its list of unregistered firms on 2 August 2021, warning that it is not authorised to provide investment or auxiliary services under the Spanish Securities Markets Act ().
Pros and cons
Pros
- Variety of account tiers including Mini, Silver, Gold, Diamond, and VIP accounts ()
- Offers high maximum leverage up to 1:400 ()
Cons
- Unregulated in any jurisdiction; no valid regulatory oversight ()
- Listed by CNMV as not authorised to provide services in Spain (alert issued on 2 August 2021) ()
- Registration claims in SVG unverified and SVG FSA does not license forex brokers ()
- Minimum deposit amounts vary widely and may be misleading ()
