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
- $100
- MetaTrader5
- SCA
- FSC
Our Evaluation of Trade247
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
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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- 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.
- Only active trading is available;
- simpler MetaTrader 4 is not available.
TU Expert Advice
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
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Trading Account Opening
To open an account with Trade247 follow these steps:
Enter personal information into the registration form and generate a strong password.
Confirm your email.
Log into the user account using your email and password.
Upload documents for identity verification.
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.
- Is regulated
- Negative balance protection
- 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) |
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 |
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.
- No inactivity fee
- No deposit fee
- No withdrawal fee
- 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 |
Account types
Trade247 offers accounts suitable for various levels of trader experience and objectives.
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.
- Low minimum withdrawal requirement
- No deposit fee
- Minimum deposit below industry average
- Bank wire transfers available
- Only major base currencies available
- BTC not available as a base account currency
- PayPal not supported
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.
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.
- Indices trading
- 50 supported currency pairs
- 2000 assets for trading
- Copy trading not available
- Crypto trading 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 |
Customer support
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
|
Education
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.
Comparison of Trade247 with other Brokers
| Trade247 | Bybit | Eightcap | XM Group | Markets4you | FxPro | |
| Trading platform |
MetaTrader5 | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MobileTrading, MT5 | MT4, MobileTrading, MT5, cTrader, FxPro Edge |
| Min deposit | $100 | No | $100 | $5 | No | $100 |
| 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 1:10 to 1:4000 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0.2 points | From 0 points | From 0 points | From 0.8 points | From 0.1 points | From 0 points |
| Level of margin call / stop out |
100% / 30% | No / 50% | 80% / 50% | 100% / 50% | 100% / 20% | 25% / 20% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | Yes | 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:
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MetaTrader 5 (MT5) - available in mobile apps, WebTrader, and desktop versions.
Trade247 by the numbers:
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Year of establishment: 2025;
-
Number of trading instruments: 2,000+;
-
Monthly trading volume: over $2 billion;
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Number of clients: 45,000;
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Service coverage: 150+ countries.
Services offered by Trade247:
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Provision of various account types for retail traders and institutional clients;
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Access to trading currencies (Forex) and CFDs through the MT5 platform;
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24/7 customer service and support;
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Preparation of educational content for beginners and experienced traders.
Promotions and bonuses:
-
No.
Advantages:
Instant account activation;
Transparent trading conditions without hidden transaction fees;
Availability of professional and standard accounts for different levels of trader experience;
Client data protection through a cloud system with backup and recovery;
24/7 customer support for prompt resolution of any issues.
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