Selftrade Review for 2019

Selftrade Rated 3/5
Selftrade have a low rating. We recommend you look at one of their alternative brokers.
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Selftrade Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Selftrade we break down the pros and cons. What Selftrade are able to offer, what countries Selftrade are available in. Who Selftrade are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Selftrade

  • Regulated by: Financial Conduct Authority
  • Headquarters Country : United Kingdom
  • Foundation year
  • Min Deposit Fee : No minimum deposit.
  • Used by over 10,000 traders
  • Selftrade is not available in the following countries :
Open Selftrade's Website

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to Selftrade

With this review we hope to help you see if Selftrade is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Selftrade that will help you get off to a good start in the world of online trading.

Selftrade Review Table of Contents

Selftrade what you should know

Selftrade offer one way to trade: Share Dealing.

With Selftrade you will need a minimum deposit of $0. You can sign up for a demo account to acquaint yourself with Selftrade platform.

Selftrade are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Selftrade safe?

When choosing a broker like Selftrade the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in , and in operation for 2019 years Selftrade have a head office in United Kingdom.

Selftrade is regulated. This means Selftrade are supervised by and is checked for conduct by the Financial Conduct Authority regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Selftrade, this will be honored. If Selftrade violate any regulatory rules their regulated status could be stripped.

Any payments funded to Selftrade accounts by traders are held in a segregated bank account.

For added security Selftrade use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Selftrade. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Selftrade

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like about Selftrade

  • Used by over 10,000 traders
  • Established in
  • Regulated by Financial Conduct Authority
  • Min. deposit from $0

What we don't like about Selftrade

Selftrade General Fees

  • Selftrade withdrawal fees varies on payment method
  • Selftrade does charge inactivity fees

Selftrade Commissions

  • Selftrade does charge commission on CFD shares.

What can you trade with Selftrade?

You can trade a wide variety of instruments with Selftrade over 202 instruments infact.

If you are looking at trading currency pairs Selftrade offer over currency pairs.

Compare Selftrade with eToro and XTB below.

Your capital is at risk

FX / Currencies selftrade eToro XTB
Forex pairs offered 50 50
Major forex pairs No Yes Yes
Minor forex pairs No Yes Yes
Exotic forex pairs No Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs Selftrade eToro XTB
Commodities offered 0 21
Metals No Yes Yes
Energies No Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs Selftrade eToro XTB
Stocks offered 957 1696
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares No Yes Yes
Japanese Shares No Yes Yes
selftrade
Instruments
eToro
Instruments
XTB
Instruments

Trading on Selftrade web platforms and other applications

Selftrade offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.

An Selftrade IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device

Selftrade also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See selftrade's platforms

Selftrade Trading benefits :

  • Low min deposit

Selftrade Trading Accounts Offered :

  • Micro account

Can I try Selftrade before I buy?

Selftrade offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do Selftrade accept?

Selftrade offer the below funding payment methods. learn more about Selftrade

  • Credit cards
  • Skrill
  • Neteller

How can I start trading with Selftrade?

When opening a trading account with Selftrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Selftrade trading platforms here.

Performing trades with Selftrade

Selftrade allow you to execute a minimum of trade of . This may vary depending on the account you open. Selftrade allow you to execute a maxium trade of .

As a market maker, Selftrade may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Education resources at Selftrade

To trade effectively with Selftrade, it's important to get a have a good understanding of the XTB trading tools and the markets.

Selftrade offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Selftrade.

Take time to look around the Selftrade platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Support at Selftrade

Selftrade support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

What you will need to open an account with Selftrade

As Selftrade is regulated by Financial Conduct Authority, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Selftrade's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Selftrade you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://selftrade.co.uk/ on 12th August 2018.

Selftrade not quite right?

Check out these Selftrade Alternatives

We have spent years researching the best alternatives to Selftrade. Click the links below to learn more.

If you feel some of the above Selftrade are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Selftrade alternatives below.

Related Selftrade Comparisons

If you would like to see how Selftrade stands up against other brokers you can read some of our Selftrade comparisons below. We compare side by side some of our top rated Selftrade versus comparisons. Read some indepth Selftrade VS pages below.

SELFTRADE Frequently Asked Questions

Can I try Selftrade before I buy?

Selftrade do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do Selftrade accept?

Selftrade offer the following funding payment methods accept Credit cards, Skrill, Neteller, among other payment methods.
Learn more here

Your capital is at risk

How can I start trading with Selftrade?

When opening a trading account with Selftrade, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Selftrade trading platforms here.

Is my money safe with Selftrade?

Selftrade is regulated by Financial Conduct Authority. One of the most important criteria for traders when choosing a broker like Selftrade is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Selftrade, this will be honored. If they violate any regulatory rules their regulated status can be stripped.