On-line since:
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Traders Zone Inc is a company that has been offering its services since 2005. It is located in the Greater Toronto Area. It is engaged in recycling of scrap metal and provides services for bus disassembly, demolition, and dismantling. At the same time, it carries out brokerage services. Traders Zone Inc provides its clients with advanced trading software, low margin requirements, efficient and secure administration of back office funds as well as a wide range of profitable trading instruments. The main advantages of the broker are zero commissions, quick and accurate order execution, hedging, a large array of trading instruments, and security of clients’ funds. The company’s activity is regulated by the International Financial Services Commission (IFSC).
Trading conditions
The broker offers two account types. The ICTS Forex account is a good decision for those who prefer trading currencies and other major financial products. Traders can benefit from a low minimum transaction size. Choosing the MetaTrader account type, the company’s clients can perform deals via the MetaTrader platform and receive access to a wider range of trading instruments. Despite the fact that a standard lot size is 100,000 money units, it is possible to open deals of the size of 0.10 lots. To start trading, it is necessary to deposit $2,000. Traders Zone Inc provides individuals and organizations with access to the spot market trading. Margin is $50 per lot whereas the leverage is around 1:200. There is no information about contests and bonus programs. Traders can use various resources such as market analysis, real time charts, and free trading signals to improve their results.
Trading platform
If traders open the MetaTrader account type, they can perform deals via such a trading platform as MetaTrader. At the same time, the holders of ICTS Forex can use a specialized software.
Support service
In the Support Service section on the company’s website, traders can find all necessary information on how to contact the support team: the office address, email address, and telephone numbers. However, there is no information on the working hours of the Support service.
Comments left by traders
There are only few comments about the company’s services.
Advantages and disadvantages of the company
Pros:
- licensed broker
- low commissions and marginal requirements
- wide array of trading instruments
Cons:
- uninformative website
- no feedback
- big minimum deposit
- no demo account
Conclusion
Only English-speaking traders can work with the broker. In general, Traders Zone Inc has obvious advantages such as reasonable spreads, almost zero commissions, low marginal requirements, and quite convenient trading platforms. However, the minimum deposit is rather big and there is no demo account for the novice traders.
