- Is this broker trustworthy?
- Regulation issues
- Low Payout
- Limited features offered by the entry level account
- No mobile application available
- No signals offered
- Auto trading feature not available
Have you ever pondered over the fact that choosing the wrong trading broker can ruin your trading career for all times to come? This is why you need to watch your step when choosing a trading broker.
Edgedale Finance is yet another shady trading platform, and you need to think twice before opting for this trading broker. We will just give you the answer why you need to avoid this broker by all means.
Edgedale Finance was founded way back in 2016, and it is owned by Gold Horizon Ltd. The first questionable aspect about Edgedale Finance is that it is not regulated by the CySEC. When you go for a licensed broker, then you can withdraw your money whenever you want, and you will not have to worry about any losses coming your way.
Secondly, the promised payout is not convincing. Edgedale Finance promises the fact that you will be able to earn about 70% profit using this broker. Well, this profit amount is quite low and does not encourage the trader to opt for this broker.
When you look at the different account types of Edgedale Finance, then only the entry level account is within reach of the novice traders. The entry level account requires a deposit of about $250. However, if the trader wishes to opt for the risk-free trades, then he will have to get hold of the preferred account.
However, the issue with the Preferred account is that it requires a deposit of about $5000. Secondly, the free weekly consultation is also only available with the Preferred account. The traders get an Investment Guide and an E-book with the entry account. However, these features offered by the entry account are not enough. A new trader does need a personal consultancy to achieve success in his trading career.
At the moment Edgedale Finance does not offer live support. This can be a big issue when you are keen to resolve issues at the spur of the moment.
Another issue with Edgedale Finance is that it does not offer mobile applications. This is why if you are in the habit of trading on the go, then this trading broker may not be the best choice.
Another drawback that you cannot ignore by any means is that Edgedale Finance does not offer signals. The signals are a great help for the new traders who need additional insight when placing their trade.
Most traders who step into the trading world lack confidence, and this is why they want to make use of the auto trading feature. However, the biggest issue is that the auto trading feature is not available with Edgedale Finance. This is why this aspect is also enough to put off a potential trader from using this platform.
If you want to get success in your trading career, then ideally, you should avoid Edgedale Finance by all means. Your goal should be to find a more reliable trading broker.