Spartan Trade is a broker in the Forex industry that offers forex trading in a very straightforward and simple way for traders and provides a market standard MetaTrader 4 trading platform to make trading easier for them as well.
Spartan Trade compared to the other brokers reviewed by us, is mainly focused on the foreign exchange market. Also, it does not care about offering trades in various other trading markets. This can be considered a drawback, but if so, I think it has added to the excellent Spartan Trade offer. Since they are mainly focused on Forex, they make sure that their offers are at a high level every time.
As discussed, Spartan Trade handles everything with MetaTrader 4, which means that you can trade with all the whistles and bells that are provided to traders in the Forex market worldwide. Some of the most popular trading features are Take Profits, Stop Losses, Limit Orders, Instant Execution technology, and many more. This trading company makes sure it is set apart from the competition by providing various features that are not supported by your average forex trading broker.
Spartan Trade features
Spartan Trade deposit and withdrawal
The Spartan Trade depositing and withdrawing process is seamless and very fast, this is considered a great PR and marketing step as far as Spartan Trade is concerned and this sets them apart from the pack. Spartan Trade also provides a free standard demo account along with advanced trading tools such as market analysis, trading history, and definitely the ability to trade with a high amount of leverage in case one is not so inclined. They also provide different types of accounts to meet the growing demands of traders at various levels of experience, something I have not met when contacting many forex brokers. With the help of Spartan Trade, the processes like deposit, registration, and withdrawal become simple and easy. In addition, an account can also be started using any of the payment methods,
The withdrawal procedure with Spartan Trade is considered straightforward and fast.
The company also supports more than 40 currency pairs with spreads as big companies start fluctuating around 3-4 pips. It also provides a no-commission policy, which is considered another great advantage compared to other previous brokers reviewed by us.
Customer service
It provides a call center, a feature known as a callback, forum rooms, and live chat in the form of customer service. With the help of this customer service, you can always contact a representative whenever you need.
The Spartan Trade website is in different languages. It is considered an important indication that it strives for excellence. Another important feature that we liked about Spartan Trade is that it offers state-of-the-art consumer solutions relying on an advanced chat room through which you can have a discussion with representatives and other traders in different languages. They also provide Forex training on their website which consists of various informative articles on a variety of topics especially if you are a beginner in this field. Furthermore, with the chat service, they also provide basic information such as phone numbers and email addresses and are always available to answer any type of question, always.
Reliability
The company, Spartan Trade has been in the industry for some years now. Since its inception, the company is considered reliable. It uses the trading platforms known as MetaTrader 4 and 5 platforms which are popular and reliable.
Spartan Trade platform
The platform support MetaTrader 4 and 5 platforms numbered 4 and 5. Both trading platforms are popular and have been able to place millions of trades each year. It also provides a web-based platform. This particular platform is generally used for monitoring various positions rather than analysis because it is considered more basic compared to the various trading platforms.
First, let’s talk about mobile commerce. We all know that the mobile phone industry is flourishing and in general, the Forex trading industry has not yet been able to reach that position. Most brokers do not provide mobile support. Spartan Trade offers support for mobile trading with the MetaTrader 4 platform for trading, which can be easily downloaded for a mobile device.
Pros:
- Variable spreads. It helps keep the spread in a tight position, which is considered one of the biggest expenses a trader can handle.
- The MetaTrader platform is popular and reliable. Traders have been using it for several years and are considered stable.
- One can start an account with as little as $1.
- The withdrawal and deposit procedure is quick and easy.
Cons:
- This is limited to Forex, so when one plans to trade other markets, one has to find another broker.
- Variable spreads are considered a problem during news events, as long as you plan to rule out the news announcement.
Conclusion
The company is an upcoming player in the commercial markets. Trading spreads are considered good and they also have the ability to deposit various options. This is considered a great advantage. The forex dealer is considered a perfect place for beginners due to the ability to open an account with a small amount of capital.
Since its inception, it has been able to make a global presence all over the world. With their advanced trading platform, powerful customer support, and features, we believe they are ready to hit the mark.
