AZ Trades full review
AZ Trades. Brokers you can use when you are trading online. With all the scams that you can find yourself in, on the internet, it is essential to know everything about a broker. Some brokers are legit, while others are trying to make as much money as possible.
Are AZ Trades reliable or are they one of the problem brokers? With this review, you will get to know everything there is to know about them. And, you will see that they might not be as reliable as what they seem at first.
AZ Trades are advertising themselves as forex and CFD brokers that are situated in the St. Vincent And the Grenadines. Making them offshore brokers.
They do give their valid physical address, telephone number, and email address. They are also claiming to be a registered company. However, we found lots of inconsistencies with this company, that is showing that they aren’t really who they say they are.
Registration and regulation information
Looking into AZ Trades, we found that they aren’t internationally registered as a broker. And, they are also offshore brokers that are always putting the money that you are depositing at risk.
A broker that isn’t registered is dangerous to use, but this also means that they aren’t regulated. When a broker is regulated, there is someone that is making sure that their terms and conditions are staying legit and that the brokers are doing business legally. No nasty surprises to the trader. However, because AZ Trades isn’t registered, they aren’t regulated as well. Meaning that they can do just about anything, and you can’t do anything about it.
Account and minimum required a deposit
This is one of the great things about AZ Trades. They do offer a huge variety of different account options that you can choose from. There is a total of 7 different accounts to choose from. Making it easier to choose the account that will suit your trading needs best.
The minimum required deposit starts at $200, and this is a great number for trading. Yes, there are some more reliable brokers that offer lower deposits. And, the deposits can go as high as $50, 000 for some of the other accounts. So, make sure that you know everything there is to know about the account option that you are going to choose before you are making your final decision.
The platform that they are using
A problem for us and most experienced traders. The platform that they are using and offering to their traders. This isn’t one of the best platforms on the market, and this is for sure something to consider.
MT4 and MT5 are the most popular platforms to use when it comes to trading. And, these brokers don’t offer any one of these platforms. They are using a platform that isn’t really recommended and that is unknown to many traders.
Another thing that you need to know and consider is the fact that they have high spreads. Meaning that you are paying a lot more money in fees than what you might have thought.
Not many brokers have high spreads, and this is something to consider when you are looking for brokers. The higher the spreads, the more you are going to pay in fees.
Not a variety of different currency pairs
You might think that because they are known as forex and CFD brokers, they have a huge variety of different currency pairs to choose from. However, this isn’t the case.
This is one thing that you need to consider before you are registering with them. They don’t offer different pairs, that means that you really don’t have options about which currencies you want to trade with. And, this can limit your chances of becoming a successful trader.
Something important to consider. The reviews from other traders. This gives you an indication of how reliable and trustworthy they will be.
When reading reviews, one thing became clear. That they aren’t reliable. That they are asking for higher deposits than what they are advertising, and that withdrawing money is harder than with other brokers. Most traders warn against using these brokers.
What regulators saying about these brokers
It is important to know what regulators are saying about brokers. With some investigation, it seems that most of the regulators are warning traders about using AZ Trades. There are many reasons for these warnings, but the most common reason is that they aren’t registered or regulated. Making it risky to use.
Most of the traders have complaints about using AZ Trades, and this is also just one of the reasons why regulators are warning about using them as your broker. There are other, more reliable brokers out there that are regulated and that are much better to use.
AZ Trades. Just another broker online. And, with this review, it seems that they are one of those brokers that aren’t recommended at all. There are many reasons and problems with these brokers that is making it dangerous and risky to use. And, you should take what regulators saying about them seriously. Using brokers that are registered, regulated and that can be trusted is a much better option than using brokers that warn against.