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TradersEra is a legally registered forex broker located in Saint Vincent and the Grenadines, but not regulated by any government agency.
TradersEra accepts clients from all over the world, excluding USA, Canada, UK, Iran, Pakistan, North Korea, Japan, Australia, New Zealand, Afghanistan and some other OFAC sanctioned countries.
Forex broker offers the following underlying assets for trading.
| 14 Currency Pairs | Based on major and minor world currencies. |
| 10 Crypto Pairs | Based on Cardano, Avalanche, BNB, Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Luna, Solana, Ripple. |
| 3 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 1 Metal CFD | Based on Gold. |
| 2 Energy CFDs | Based on Crude Oil (Brent) and Natural Gas. |
| 4 Soft CFDs | Based on Coffee, Corn, Sugar, Soybean. |
| 13 Stock CFDs | Based on shares of top-rated US companies. |
Set up in 2021 with its main office in Cyprus, TradersEra is a forex broker that offers access to a wide range of asset classes with high trading leverage. Despite having an office in Cyprus, the broker's corporate registration is in Saint Vincent and the Grenadines, a popular offshore jurisdiction where forex brokers are not regulated by the government.
Despite not being regulated, TradersEra states on its website that it “operates under the oversight of reputable regulatory authorities,” adding that this is “ensuring compliance with legal and ethical requirements.” This is clearly an attempt at misleading potential and existing clients, and such wording should in our view be removed. Being honest about not being regulated is a much better choice, and there are indeed many large forex brokers that operate unregulated branches in offshore jurisdictions.
On the positive side, one thing that stands out with TradersEra compared to the many other forex brokers we have reviewed is its focus on providing excellent analysis of the market. In the section of the website called “Market Forecast,” TradersEra's analysts publish technical and fundamental analysis pieces on a regular basis, often with specific forecasts and price targets. Needless to say, this is extremely useful for new traders in particular, helping them make informed decisions in the market.
Like most other forex brokers, TradersEra offers a number of different account types depending on the unique needs and trading styles of its clients:
– Standard account, with a minimum deposit of $50, spreads from 1.5 pips and no commissions
– Pro account, with a minimum deposit of $500, spreads from 1 pip and commissions of $3.5 per lot per side
– VIP account, with a minimum deposit of $2,500, spreads from 0 pips and commissions of $5 per lot per side
As usual, more experienced traders and those with larger trading accounts will get a better deal with either the Pro or VIP account. At the same time, new traders and those trading with less capital should opt for the Standard account and thus avoid commission fees.
Trading accounts with TradersEra can be funded with a variety of payment methods, including bank transfer, credit cards, and the e-wallet Perfect Money. We are also happy to see that this broker accepts deposits and withdrawals in the cryptocurrencies Bitcoin (BTC) and Tether (USDT).
For any customer services inquiries, support is available 24 hours a day on all weekdays. The broker can be contacted via phone, email, WhatsApp, Telegram or live chat through the website.
All in all, we see TradersEra as a broker that is trying to position itself as a credible option in the offshore forex broker space. However, a lack of regulation, as well as attempts at misleading clients about how it is regulated, is a warning sign. For us to be able to recommend this broker, these issues therefore first need to be sorted out.
