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ThreeTrader

ThreeTrader is an international Forex broker, based in the Republic of Vanuatu and licensed by the Vanuatu Financial Services Commission (VFSC). Despite being a relatively new broker established in 2021, it has been favored by users for its low trading costs and unrestricted trading.

ThreeTrader offers two types of accounts: Pure spread account with no commission, and Raw zero account with small spreads. Although Raw zero account charges the equivalent of $ 4 (USD) round-trip per lot, the total trading cost tends to be lower than that of Pure spread account, due to the zero minimum spread.

ThreeTrader has smaller spreads than other brokers. For example, the EUR/USD spread is 0.7pips on average for Pure spread account, and is as low as 0.6pips on average including commissions for Raw zero account.

While some Forex brokers prohibit hedging and automated trading, ThreeTrader permits both. Therefore, you can mitigate risks with a hedging strategy or automate your trading using Expert Advisor (EA). The flexible trading conditions that support different trading styles have also been well-received by traders.

The maximum leverage is 1:1,000 for both Pure spread and Raw zero accounts. Each instrument has different maximum leverage. For major Forex pairs and precious metals, it is set at 1:1,000. On the other hand, for minor Forex pairs and cryptocurrencies, it is up to 1:50 and 1:20 respectively.

There is a points program, where you can redeem your accumulated points for rewards. The points given vary depending on the instruments. For Forex pairs and precious metals, you will receive 10 points per lot.

With ThreeTrader, you can trade five types of products: Forex, precious metals, oil, stock indices, and cryptocurrencies. It offers a comparable number of Forex pairs to other brokers, but not as many CFDs as major brokers.

As of now, the available trading platform is MetaTrader4 (MT4) only, but MetaTrader5 (MT5) is planned to be launched later. We can expect the broker to further enhance its services in the future.

Official Website

Pros

  1. Small spreads
  2. Hedging and auto trading are allowed
  3. Customer support in the early morning
  4. Stop level is zero
  5. Rewards program for trading

Cons

  1. Low leverage for cryptocurrencies
  2. Few CFD products
  3. MT5 is not provided

Operating Company

Company name:
ThreeTrader Global Limited
Head office address:
1276, Govant Building, Kumul Highway, Port Vila, Republic of Vanuatu
Financial supervisor:
Vanuatu Financial Services Commission (VFSC) license number 40430
Founded:
2021
Capital:
Undisclosed

Customer Service

Website language:
[Asia] Japanese, Taiwanese, Korean
[Europe and America] English, Portuguese
Trading platform:
MetaTrader4
English support:
Email, Support Chat
Business hours:
[Email/Chat support] Weekdays 7:00 am - 8:00 pm (Japan time)
Email address:
[email protected]
Phone number:
(+61) 2-8039-8119

Trading Rules

Roll over:
Daylight saving time: 8:59 pm, Winter time: 9:59 pm (Server time)
Margin call:
When the margin maintenance rate falls below 80%
Loss cut:
When the margin maintenance rate falls below 20%
Matched order:
Permitted
EA restrictions:
None
Request for additional margin:
None (If the margin becomes negative, zero cut will be performed)
Funds management:
Managed in a segregated bank account
Bankruptcy compensation:
Full deposit compensation is guaranteed

Conditions for Each Account Type

Trading platform:
MetaTrader4
Brokerage model:
ECN method
Spread method:
Variable spreads
Trading account currency:
Japanese Yen, US Dollar
Maximum leverage:
1:500
Initial minimum deposit:

[Raw zero] $ 1,000 (USD)
[Pure spread] $ 100 (USD)

Lot size:
100,000 units
Minimum order size:
0.01 lot
Maximum order size:
80 lots
Maximum open orders:
200 lots
Instruments(symbols):

[FX/Currency Pair]: 60
[CFD/Metals]: 3
[CFD/Indices]: 20
[CFD/Energy]: 2
[CFD/Cryptocurrencies]: 14

Available trading hours:

(Monday) 0:01 am - (Friday) 11:55 pm (Server time)

Transaction fees:

[Raw zero] $ 2 (USD)(*1)
[Pure spread] None

Account maintenance fee:
None
Holding multiple accounts:
Permitted
GMT time difference:
[MT4] Daylight saving time: +3 hours, Winter time: +2 hours

(*1)The fee is per order (One way).

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