3.7 / 5
Rating breakdown
Things we didn't like:
No demo accountTradeOr offers only one payment method – bitcoin
Why would you want an alternative to TRADEOR?
Though TradeOr is a promising new entrant on the online trading scenery and a very promising one at that, especially since its proprietary trading platform makes trading really easy and straightforward, it may not be the ideal broker for all traders, who may wish to seek other alternatives to better meet their specific trading needs.
The most striking difference of TradeOr from other brokerages is the fact that it only accepts Bitcoin as a payment method. This ensures the instant execution and the utmost safety and privacy of all transactions, but it may be problematic or a barrier in the eyes of some users, who might not be willing to first exchange their fiat currency into Bitcoin and then proceed into trading via TradeOr.
Moreover, traders seeking a broker with a strong offering in terms of education, training and market research will definitely need to look elsewhere as, at least for the time being, TradeOr does not offer such content on its website for its customers. Additionally, more professional, seasoned traders, whose trading styles and strategies require extensive access to dedicated and advanced analytics tools, might also need to seek an alternative broker or at least use additional sources towards this end.
Traders who require access to a demo account before setting up a live trading account will also need to seek an alternative to TradeOr, since this brokerage does not currently offer a demo account. Another downside in the eyes of certain traders, especially more seasoned ones, is the fact that TradeOr does not offer multiple account types, which may be tailored to each trader’s needs as other competitors do, but only has one account type with the same leverage, fees and spreads for all users.
What to look for in a TRADEOR Alternative?
If you do decide to find an alternative broker to TradeOr it is imperative that any service provider you are considering instead, should be one that offers you a safe, secure and reliable trading environment, both in terms of transaction execution, as well as the safety of your funds and the secure protection of your privacy and personal and transaction data. Since the TradeOr platform is innovative, seamless and extremely user-friendly and easy to use, ensure that any alternative broker can at least match if not exceed this, as the usability of the trading platform is crucial to the success of your overall trading endeavor.
Moreover, since TradeOr is still young and its tradable assets offering still fairly limited, a competent and effective alternative brokerage would be one that offers you greater confidence due to its proven and consolidated existence in the industry, as well as a more wide and extensive selection of tradable assets, which will enable you to effectively engage in the diversification of your investment portfolio.
Best TRADEOR alternatives – forex brokers like (or better than) TRADEOR
4.3 / 5
Rating breakdown
Things we liked:
Up to 500:1 leverageLow minimum deposit requirement
Things we didn't like:
Absence of a direct telephone number for customer supportOspreyfx is not a fully licensed and regulated broker
OspreyFX Overview
Named after the very large, distinctively shaped, fish preying hawk, which suitably decorates the brand’s logo, OspreyFX is a relatively new entrant in the world of forex brokerages, aiming to offer existing and aspiring traders an innovative venue in which they can satisfy all their trading needs, including the trading of cryptocurrencies.
4.2 / 5
Rating breakdown
Things we liked:
AvaTrade has low trading feesThe account opening is user-friendly and fast
It offers a lot of deposit and withdrawals options free of charge
Things we didn't like:
The product portfolio is limited as it offers only CFDs, forex, and cryptosThe research tools are limited
AvaTrade Overview
Since its establishment in 2006, AvaTrade has expanded to 11 countries and offers an array of trading platforms for web, desktop, and mobile use. It facilitates trading in spot forex, forex options, and CFDs across various asset classes, including cryptocurrencies. AvaTrade boasts 300,000 registered traders executing over 3 million trades monthly, with a total traded value exceeding $1.47 trillion.
4.0 / 5
Rating breakdown
Things we liked:
XM has low trading feesThe account opening is user-friendly and fast
Lots of educational tools
Things we didn't like:
XM has a limited product portfolioThe research tools are limited
It charges inactivity fees
XM Overview
XM is a CySEC, ASIC and IFSC regulated, multi-asset class broker offering to trade on more than 1,000+ tradable CFD’S on Forex, Stocks, Commodities, Indices, Metals and Energies on the globally-recognised trading platforms MetaTrader 4 and MetaTrader 5 for PC, Mac, Web, iOS and Android systems.