Review 2022: Unchained? Detailed brokerage review. is a Cayman Islands-based brokerage firm that offers trading opportunities in various asset classes, including stocks, indices, cryptocurrencies, commodities and Forex currency pairs. is a Cayman Islands Monetary Authority regulated broker under the Securities Investment Business Law of the Cayman Islands, established in 2001 and operates under the GAIN Global Markets Inc. 

The broker provides an opportunity to trade with MetaTrader 5 and MetaTrader 4 along with the broker’s trading software named MetaTrader Web. In addition, the brokerage firm provides various educational materials in its education center. Six jurisdictions also regulate the firm through affiliates across the world. 

The firm also offers an affiliate program to increase the revenue potential. In addition, maintains investor relations through its subsidiaries under the parent company StoneX Group Inc.  

Pros and Cons


  • MetaTrader 5
  • One on one professional support
  • Competitive pricing 
  • Live pricing
  • Affiliate program
  • Active trader program for additional rewards
  • Strong regulatory framework
  • Over 80 currency pairs


  • Commission on trading
  • $1000 Minimum deposit 
  • Limited cryptocurrencies 
  • Limited commodity and index markets
  • No credit card 
  • No sophisticated payment option like Neteller and Skrill

Is a Scam: Regulations is a Cayman Islands Monetary, authorised broker. This regulatory body has authorised the broker under the Securities Investment Business Law of the Cayman Islands with license number 25033. The monetary authority is responsible for enforcing the regulation, license and supervise the business of financial institutions in the Cayman Islands. 

The brokerage firm is regulated in six other jurisdictions across the world. The broker is regulated through affiliated in these jurisdictions. keep their clients’ funds separate from the operating funds of the broker. The hard-earned money of traders is kept in the network of custodian banks by offers an opportunity to trade with highly encrypted trading software like MT5 and MT4. The brokerage firm operates under StoneX Group Inc. Review Trading account types provides three types of trading accounts for the convenience of each level of trader: beginner, intermediate and seasoned. The three types of trading accounts are Standard, Commission and DMA (Direct Market Access). In addition, you can climb to premium account tiers by increasing your trading skills with the demo account. offers a free trial of the demo account for 30 days. You can get familiar with the trading platform and identify what works best for you out of various trading platforms. We will discuss trading platforms offered by later in detail. 

Here is the comparison and critical features of the different trading account in terms of various factors like minimum deposit, trading platform, spreads, asset classes and more.

Standard trading account

  • No commission
  • $1000 Minimum deposit 
  • Advanced Desktop Platform
  • Web Trading
  • Mobile Apps
  • MetaTrader 5 (MT5) and MetaTrader 4 (MT4)
  • Cryptocurrencies available
  • Share, Index and Commodity markets available
  • Only spreads
  • API trading
  • Market-maker model

Commission trading account

  • No commission
  • $1000 Minimum deposit 
  • Advanced Desktop Platform
  • Web Trading
  • Mobile Apps
  • No MetaTrader 5 (MT5) and MetaTrader 4 (MT4)
  • Cryptocurrencies available
  • Share, Index and Commodity markets available
  • Spread plus commission
  • API trading
  • Market-maker model

DMA (Direct Market Access) trading account

  • Commission only
  • $25,000 Minimum deposit 
  • Advanced Desktop Platform
  • Web Trading
  • Waived wire fees
  • Dedicated market strategist
  • Earn interest
  • STP model
  • Direct market access
  • No market except Forex currency pairs and gold and silver
  • No API trading
  • No Market-maker model Review Account opening

The account opening process in consists of four steps.

  1. Enter your personal information required for the account opening process. The required information includes your name, country, mobile number, email and other documents to verify your identity. 
  2. Now your account will be tracked for the verification process.
  3. After verification, deposit the minimum capital required for your account type and start trading. 

You can deposit your funds using the suitable method from various payment methods provided by the broker. The various payment methods are bank transfer, wire transfer and debit cards. Unfortunately, there is no credit card and payment networks like Neteller and Skrill available. Review Trading platform offers multiple trading platforms for the traders, including the firm’s trading platforms, the U.S., which are compatible with Mobiles. Other than that, offers advanced trading platforms such as MT5 and MT4. 

MetaTrader 5

MetaTrader 5 is a multi-asset trading platform that is compatible with all devices covering Android, iOS, Windows on P.C. and Mac OS X. 

  • More functions and graphical objects 
  • Unlimited number of charts
  • Full access to trade history 
  • Multi-language features
  • Daily account statements
  • Stop Loss and Take Profit levels
  • Internal mailing system
  • Access to 21 timeframes simultaneously
  • Integrated economic calendar
  • 35+ indicators and 20+ analytical tools

MetaTrader 4

MetaTrader 4 is one of the most common trading platforms. Many traders appreciate this trading platform across the world because of its user interface and smooth trading experience. In addition, it allows you to trade in all Android and iOS devices.

  • Market signals
  • Multi-device functionality
  • More than 30 technical indicator
  • 128-bit key encryption
  • Real-time interactive charts
  • Access to trading history
  • Trade orders available
  • The ability to overlay analytical studies
  • Daily account statements
  • Multiple charting and analysis options Webtrader, a web trading platform, is equipped to serve traders with high performance and valuable analytical tools. 

  • 70+ technical indicators and 50+ drawing tools
  • Customisable dashboards
  • Multiple order types
  • Real-time trade alerts
  • Integrated trading tools 
  • Advanced charting features
  • Integrated news Review Trading instruments offers over 4500 trading products, including more than 80 currency pairs and thousands of stocks. The tradeable assets include stocks, indices, Forex currency pairs (majors and exotic), cryptocurrencies and commodities. 

Stock trading: Blue-chip stocks like Facebook, Apple and Microsoft are available. charges a commission from 1.8 cents on U.S. stocks.

Indices: You can trade in top financial markets, including Nasdaq, S&P 500, Dow Jones industrial average and more. 

Currency trading: You can trade 24/5 in the high volatility market. You can trade over 80 currency pairs with

Crypto trading: Only four cryptocurrencies are available, which are Bitcoin, Ethereum, Ripple and Litecoin. 

Commodities: offers to trade in hard and soft commodities, including crude oil and precious metals (gold and silver). The broker charges no commission, and you can benefit from 1% margin on trading with commodities. Review Commission and spreads offers spreads as low as 0.8 on currency pairs. You cannot benefit from spreads across other asset classes with You can find only spreads in standard trading account type. In a commission trading account, spread plus commission is available. And lastly, in the DMA account, there is only a commission on trading. Review Leverage 

The broker has not mentioned any data or information regarding leverage on its website. But disclosed the trade execution scorecard in which you can find the data about the limit order at the requested price, trade execution speed, percent of trades executed in a second or less, etc. 

You can get information about the leverage by contacting customer support. Review Deposit and withdrawals have set the limit of the minimum deposit of $1000 for the standard and commission trading account. Still, for the DMA account, the minimum deposit limit is $25,000, which is relatively higher. For deposits and withdrawals, minimal payment options are available. You can deposit your funds only via bank/wire transfer or debit card.

There is no sophisticated payment option or E-wallet like Neteller, Skrill, WebMoney, etc. Review Educational and research support

You can find several educational materials on the website.  The broker offers trading courses in three different tiers: Beginner, Intermediate and Advanced. The popular topics on which focuses are Forex, chart basics and trading plan. In addition, you can find information about technical and fundamental analysis and trading strategies. 

The research tools include an economic calendar, pivot points and market insights. Review Customer support

You can contact customer support management via live chat and contact form. The support agent may reply to your queries within 24 hours. You can get in touch with customer support from 10 AM Sunday to Friday till 5 PM. Verdict is a well-known trading platform for its affiliate program and providing advanced trading platforms like MT5 and MT4. The major drawback of is it only offers four cryptocurrencies. Clients have limited choices in other trading instruments also. A high minimum deposit is required even in basic accounts, which is not feasible enough. The broker has provided no information on the leverage. There is a wide range of learning material on

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