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4.77/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • $100
Trading platform:
  • MetaTrader5
Regulation:
  • SCA
  • FSC
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Our Evaluation of Trade247

4.77/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

Trade247 is a broker with higher-than-average risk and the TU Overall Score of 4.77 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Trade247 clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.

Since its foundation, Trade247 has strived to make global financial markets more accessible, particularly for young and tech-savvy traders by offering effective trading and analysis tools.

Brief Look at Trade247

Trade247 is a multi-asset brokerage company founded in 2025 in Dubai, focused on modern, accessible trading solutions for all experience levels. It is regulated by the SCA (Securities and Commodities Authority) in the UAE and the FSC (Financial Services Commission) in Mauritius. The legal name is Trade Twenty Four 7 Markets Limited. Trade247 offers access to the Forex market (50+ currency pairs) and CFDs on various assets (stocks, indices, commodities) through the MetaTrader 5 trading platform.

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Advantages of trading with Trade247:
  • Regulated operation and accessibility for traders in over 150 countries;
  • No commission per trade besides the spread;
  • Negative balance protection;
  • Instant deposit processing for Visa and Mastercard;
  • High leverage up to 1:500 on standard accounts;
  • Access to local UAE markets (DFM, ADX) and international exchanges (NYSE, NASDAQ, LSE);
  • Availability of swap-free Islamic accounts.
Disadvantages of Trade247:
  • Only active trading is available;
  • simpler MetaTrader 4 is not available.

TU Expert Advice

Anastasiia Chabaniuk

Author, Financial Expert at Traders Union

Trade247 offers Forex and CFDs on stocks, commodities, and indices through the MetaTrader 5 platform. It supports diverse account types including Standard, Pro, and swap-free Islamic accounts, aimed at novice to institutional traders. With a minimum deposit of $100, it provides high leverage up to 1:500 and negative balance protection, making it accessible and appealing for both new and experienced traders.

However, Trade247 is not Tier-1 regulated and lacks some trading tools like ECN accounts and futures. Furthermore, it primarily offers active trading features and has limited payment options, which may not cater to traders seeking advanced or flexible financial instruments. Overall, Trade247 could suit traders comfortable with intermediate risk and seeking basic trading needs.

Trade247 Trading Conditions

Your capital is at risk.  CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

💻 Trading platform: MetaTrader 5 (MT5)
📊 Accounts: Demo, Standard, Pro, Islamic (swap-free), Institutional
💰 Account currency: EUR, USD, GBP, AED
💵 Deposit / Withdrawal: Bank Transfer, Visa, Mastercard
🚀 Minimum deposit: $100
⚖️ Leverage: Up to 1:500
💼 PAMM-accounts: No
📈️ Min Order: 0.01 lots
💱 EUR/USD spread: 0,2-0,6 pips
🔧 Instruments: Forex, stocks, commodities, indices, metals, energies
💹 Margin Call / Stop Out: 100%/30%
🏛 Liquidity provider: N/a
📱 Mobile trading: Yes
➕ Affiliate program: No
📋 Order execution: Market
⭐ Trading features: Negative balance protection, no commission per trade or withdrawal, various account types
🎁 Contests and bonuses: No

The broker enables trading of over 50 currency pairs and CFDs on stocks, oil, natural gas, metals, energy assets, and indices on the MT5 platform. Traders can select from various account types, including swap-free, and use a demo account with virtual funds, benefiting from 21 timeframes, 38 indicators, and 44 graphical objects.

Trade247 Key Parameters Evaluation

User Satisfaction i

Score:
6.7/10

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sabitxg
8 weeks ago

Trading through Trade247 started with a demo account, then I switched to Standard. Starting with $100 was a comfortable decision, and the ability to trade more than 50 currency pairs added flexibility. I was surprised that only the spread is charged for trades and there are no additional commissions. Applying for a withdrawal through the user account turned out to be simple, and the money arrived by bank transfer in a few days. Educational webinars helped better understand the nuances of the market. The only thing I would like to see is an expansion of payment methods and the introduction of at least one partnership program for active traders.

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barradas
9 weeks ago

I chose Trade247 because of regulation in two countries and the ability to trade without swaps. I opened an Islamic account. The registration process was clear; I uploaded the documents in my user account without any problems. The deposit via Visa was instant, and the withdrawal to the card took about two days. Spreads on currency pairs are acceptable: for example, I often see 0.3-0.5 pips on EUR/USD. However, there is no online chat for quick questions, but you can use WhatsApp to communicate with the company. I liked that there are no extra fees for deposits and withdrawals.

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anton-begun
10 weeks ago

I opened an account with Trade247 after a long selection process among several brokers. The minimum deposit of $100 was suitable, and leverage up to 1:500 gave more opportunities for trades. I liked the speed of depositing funds from the card and the absence of withdrawal fees. The MT5 platform turned out to be convenient: many timeframes and built-in indicators are available. I resolve questions about work through support – they respond quickly by email and WhatsApp. Among the disadvantages, I will note the lack of bonuses and promotions. Otherwise, the trading is quite satisfactory, and access to global exchanges is certainly a plus.

Score:
5.89/10

Trading Account Opening

To open an account with Trade247 follow these steps:

1

Enter personal information into the registration form and generate a strong password.

2

Confirm your email.

3

Log into the user account using your email and password.

4

Upload documents for identity verification.

Score:
We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria
6/10

Regulation and safety

Trade247 has a safety score of 6/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Advantages
  • Is regulated
  • Negative balance protection
Disadvantages
  • Not tier-1 regulated
  • Track record of less than 8 years

Trade247 Regulators and Investor Protection

Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level
FSC (Mauritius) FSC (Mauritius) Financial Services Commission of Mauritius Mauritius No specific fund Tier-3
ESCA (UAE) Emirates Securities and Commodities Authority United Arab Emirates Varies depending on the case, no fixed limit. Tier-2

Trade247 Security Factors

Foundation date -
Negative balance protection Yes
Verification (KYC) Yes
Score:
We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria
6/10

Commissions and fees

The trading and non-trading commissions of broker Trade247 have been analyzed and rated as Medium with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.

Advantages
  • No inactivity fee
  • No deposit fee
  • No withdrawal fee
Disadvantages
  • Above-average Forex trading fees
  • No ECN/Raw Spread account

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of Trade247 with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, Trade247’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

Trade247 Standard spreads

Trade247 Pepperstone OANDA
EUR/USD min, pips 0,2 0,5 0,1
EUR/USD max, pips 0,6 1,5 0,5
GPB/USD min, pips 0,4 0,4 0,1
GPB/USD max, pips 1,0 1,4 0,5

Does Trade247 support RAW/ECN accounts?

As we discovered, Trade247 does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with Trade247. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

Trade247 Non-Trading Fees

Trade247 Pepperstone OANDA
Deposit fee, % 0 0 0
Withdrawal fee, % 0 0 0
Withdrawal fee, USD 0 0 0-15
Inactivity fee ($, per month) 0 0 0
Score:
7.15/10

Account types

Trade247 offers accounts suitable for various levels of trader experience and objectives.

Account Type
Description
Standard
Designed for beginners and intermediate traders. Provides access to all major trading instruments with a minimum deposit of $100, leverage up to 1:500, and 24/7 customer support.
Pro
Professional account aimed at experienced traders, offering direct market access (DMA). Minimum deposit is $500 and leverage is up to 1:400. Exclusive analytical materials and a personal manager are available.
Islamic (swap-free)
Islamic accounts follow Sharia principles and allow trading without accruing swaps or interest rates, making them suitable for Muslim traders.
Institutional
Designed for professional traders and organizations working with large volumes. These accounts provide access to deep liquidity, direct market access, and customized solutions for institutional clients.
Demo
Allows new users to learn the platform without risk, test trading strategies, and familiarize themselves with market conditions before moving on to real trading.
Score:
This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology
5.25/10

Deposit and withdrawal

Trade247 received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

Trade247 provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

Advantages
  • Bank wire transfers available
  • Bank card deposits and withdrawals
  • Minimum deposit below industry average
  • Low minimum withdrawal requirement
Disadvantages
  • PayPal not supported
  • Only major base currencies available
  • USDT payments not accepted

What are Trade247 deposit and withdrawal options?

Trade247 provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire.

Trade247 Deposit and Withdrawal Methods vs Competitors

Trade247 Plus500 Pepperstone
Bank Wire Yes Yes Yes
Bank card Yes Yes Yes
PayPal No Yes Yes
Wise No No No
BTC No No No

What are Trade247 base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Trade247 supports the following base account currencies:

What are Trade247's minimum deposit and withdrawal amounts?

The minimum deposit on Trade247 is $100, while the minimum withdrawal amount is $—. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Trade247’s support team.

Score:
The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change.
6.5/10

Markets and tradable assets

Trade247 offers a wider selection of trading assets than the market average, with over 2000 tradable assets available, including 50 currency pairs.

Advantages
  • 50 supported currency pairs
  • 2000 assets for trading
  • Indices trading
Disadvantages
  • No ETFs
  • Futures not available

Supported markets vs top competitors

We have compared the range of assets and markets supported by Trade247 with its competitors, making it easier for you to find the perfect fit.

Trade247 Plus500 Pepperstone
Currency pairs 50 60 90
Total tradable assets 2000 2800 1200
Stocks Yes Yes Yes
Commodity futures Yes Yes Yes
Crypto No Yes Yes
Stock indices Yes Yes Yes
Options No Yes No

Investment options

We also explored the trading assets and products Trade247 offers for beginner traders and investors who prefer not to engage in active trading.

Trade247 Plus500 Pepperstone
Bonds No No No
ETFs No Yes Yes
Copy trading No No Yes
PAMM investing No No Yes
Managed accounts No No No
Score:
5.41/10

Customer support

Information

Support is provided 24/7 in English and Arabic.

Advantages

  • Assistance is available 24/7
  • Various channels of communication

Disadvantages

  • No live chat on the website

Available communication channels include:

  • Email;

  • WhatsApp;

  • Phone;

  • FaceTime;

  • Feedback form;

  • User Account (ticket system).

Contacts

Registration address Zentral Building, Dubai World Trade Centre - Office 213 Sheikh Zayed Rd - Trade Centre - Trade Centre 2 - Dubai
Regulation SCA, FSC Licence number:
1419455, C216567
Official site https://trade247.com/
Contacts
971 58 847 0281
Score:
5.78/10

Education

Information

Trade247 offers clients various educational resources, including webinars, materials, and blogs aimed at improving financial literacy and developing trading skills. These tools become available after opening an account. For practical skills, a demo account with virtual funds is available.

What’s on Trade247 website
What’s on Trade247 website
Trading conditions at Trade247
Structured education for unregistered users
Economic calendar
What is a position and a pending order

Comparison of Trade247 with other Brokers

Trade247 Bybit Eightcap XM Group Pocket Option
Trading
platform
MetaTrader5 MetaTrader5 MT4, MT5, TradingView MT4, MT5, MobileTrading, XM App Pocket Option, MT5, MT4
Min deposit $100 No $100 $5 $5
Leverage From 1:1
to 1:500
From 1:1
to 1:500
From 1:30
to 1:500
From 1:1
to 1:30
From 1:1
to 1:1000
Trust management No No No No No
Accrual of % on the balance No No No No No
Spread From 0.2 points From 0 points From 0 points From 0.8 points From 1.2 point
Level of margin call
/ stop out
100%  /  30% No  /  50% 80%  /  50% 100%  /  50% 30%  /  50%
Order Execution Market Execution Market Execution Market Execution Market Execution Market Execution
No deposit bonus No No No No No
Cent accounts No No No No No

Detailed Review of Trade247

Trade247 provides transparent conditions without hidden transaction fees, allowing clients to trade without unnecessary costs. Data security is guaranteed through automatic backup, recovery, and replication in the AQU Cloud system. Trade247 offers the opportunity to trade on local UAE markets, including DFM (Dubai Financial Market) and ADX (Abu Dhabi Securities Exchange), as well as on international platforms such as the NYSE, NASDAQ, and LSE, which opens access to building a diversified investment portfolio.

Trade247 trading platforms:

  • MetaTrader 5 (MT5) - available in mobile apps, WebTrader, and desktop versions.

Trade247 by the numbers:

  • Year of establishment: 2025;

  • Number of trading instruments: 2,000+;

  • Monthly trading volume: over $2 billion;

  • Number of clients: 45,000;

  • Service coverage: 150+ countries.

Services offered by Trade247:

  • Provision of various account types for retail traders and institutional clients;

  • Access to trading currencies (Forex) and CFDs through the MT5 platform;

  • 24/7 customer service and support;

  • Preparation of educational content for beginners and experienced traders.

Promotions and bonuses:

  • No.

Advantages:

1

Instant account activation;

2

Transparent trading conditions without hidden transaction fees;

3

Availability of professional and standard accounts for different levels of trader experience;

4

Client data protection through a cloud system with backup and recovery;

5

24/7 customer support for prompt resolution of any issues.

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