20TRADES

Based on the latest data, 20TRADES has a low core score of 1.72, is not regulated by any recognized authority, and operates in a suspicious region. A user complaint also reports unresponsive customer service. These factors indicate that 20TRADES is not considered safe or reliable.

No, 20TRADES is not regulated. Its regulatory status is listed as 'Not Regulated' and its license (FSCA South Africa) is marked as 'Unverified'.

The minimum deposit for 20TRADES is $200, required for the Standard account. Other accounts have higher minimums: Bronze $5,000, Silver $10,000, and Gold $20,000.

20TRADES does not publicly specify support for MT4 or MT5. However, a user complaint mentions using a Meta5 (likely MT5) login with the broker, but this is not officially confirmed.

Pros: offers high leverage up to 1:500, multiple account types (Standard, Bronze, Silver, Gold) with varying spreads, and supports scalping, hedging, and EA trading. Cons: not regulated, low core score (1.72), operates in a suspicious region, has a user complaint about unresponsive customer service, and high minimum deposits for premium accounts.

Yes, there is at least one user complaint stating that the customer support team and account manager are unresponsive, phone calls and emails are ignored, and the Meta5 platform login was non-functional after depositing funds.

20TRADES does not publicly disclose its availability for US residents. Given its unregulated status and registration in South Africa, it is not likely to accept US clients, but this information is not currently specified.

20TRADES is not suitable for beginners due to its lack of regulation, low core score, user complaints, and relatively high minimum deposit ($200 for the basic account). Beginners are generally advised to choose regulated brokers with transparent operations.

Spreads vary by account type: from 0.5 pips (Gold account) to 3 pips (Standard account). No information on other fees (e.g., commission, withdrawal) is provided. The Standard account spread is relatively high, while the Gold account spread is competitive.

20TRADES offers four account types: Standard (min deposit $200, spread from 3 pips, max leverage 1:200), Bronze (min deposit $5,000, spread from 2 pips, max leverage 1:300), Silver (min deposit $10,000, spread from 1 pip, max leverage 1:400), and Gold (min deposit $20,000, spread from 0.5 pips, max leverage 1:500). All accounts support hedging, scalping, and EA trading.

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