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 1:500 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 1:500. 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.
[Raw zero] $ 1,000 (USD)
[Pure spread] $ 100 (USD)
[FX/Currency Pair]: 59
(Monday) 0:01 am - (Friday) 11:55 pm (Server time)
[Raw zero] $ 2 (USD)(*1)
[Pure spread] None
(*1)The fee is per order (One way).
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