Trade247 Review

Trade247 is a Dubai-based broker launched in 2025, offering commission-free trading through the MetaTrader 5 platform. It provides regulated services, competitive spreads, and fast withdrawals. It has a trust score of 79 out of 99.

🛡️Regulated and trusted by the SCA (UAE) and the FSC (Mauritius)
🛡️1803 new traders chose this broker in the last 90 days.
🛡️Available for global Traders.

Overview

Trade247 is a Dubai-based broker launched in 2025. It’s still a young broker, but the foundation is clear: regulated status, no commission charges, MetaTrader 5 as its core platform, and over 2,000 tradable instruments across forex, indices, crypto, stocks, and commodities.

The broker holds licenses with the Securities and Commodities Authority (SCA) in the UAE and Mauritius’s Financial Services Commission (FSC). While these aren’t top-tier regulators, they offer more oversight than the usual offshore-only setup.

Trade247 doesn’t (yet) offer cutting-edge tools or advanced analytics, and there’s no proprietary app or copy trading platform. Despite this, Trade247’s tight spreads, quick withdrawal times, and round-the-clock support may be enough for traders who value execution over extras to get started.

Frequently Asked Questions

Is Trade247 a regulated broker?

Yes. Trade247 is regulated by the UAE’s Securities and Commodities Authority (SCA) and Mauritius’s Financial Services Commission (FSC), providing a level of oversight above offshore-only brokers.

What platforms does Trade247 support?

Trade247 uses MetaTrader 5 (MT5) as its main trading platform, offering a familiar and widely used interface for forex and CFD trading.

Does Trade247 charge trading commissions?

No. Trade247 offers commission-free trading, with revenue likely generated through spreads.

What are the main drawbacks of Trade247?

The broker currently lacks advanced tools, a proprietary mobile app, and features like copy trading or in-depth analytics, which may limit appeal for more advanced or feature-focused traders.

Our Insights

Trade247 is a relatively new but promising broker that focuses on cost-effective, regulated trading through a trusted platform. While it doesn’t offer many advanced features yet, its straightforward setup, fast withdrawals, and competitive spreads make it a solid starting point for traders who value execution and simplicity over extras.

Safety and Security

Regulation is the foundation of trust, and Trade247 ticks that box with two regulatory bodies:

• SCA (UAE) – Local UAE license (License No. 1419455), offering credibility in a fast-growing MENA financial hub.
• FSC (Mauritius) – Offshore regulatory status under License No. C216567.

While neither regulator is in the same league as the FCA or ASIC, both impose basic operating standards like client fund segregation, financial reporting, and KYC enforcement. It’s not bulletproof, but better than being self-regulated or “registered only.”

On the security front, here’s what we can confirm:

• Segregated client accounts.
• Negative balance protection.
• No investor protection scheme (like Europe’s ICF or FSCS equivalents).

Overall, Trade247 doesn’t make bold promises, and that’s good. Trade247 is regulated, responsible, and transparent about limitations (what they don’t have).

Frequently Asked Questions

Is Trade247 a regulated broker?

Yes. Trade247 is regulated by the SCA in the UAE and the FSC in Mauritius, both of which enforce baseline standards like KYC, client fund segregation, and financial reporting.

How secure are client funds with Trade247?

Client funds are held in segregated accounts, helping ensure that customer money is kept separate from company operations.

Does Trade247 offer investor protection insurance?

No. Trade247 does not currently offer an investor compensation scheme like the FSCS (UK) or ICF (EU).

What additional safety features does Trade247 offer?

The broker includes negative balance protection, which prevents clients from losing more than their account balance.

Our Insights

Trade247 meets essential security and regulatory requirements without overpromising. While it lacks top-tier protections and investor insurance, it operates with transparency and accountability, offering a safer alternative to unregulated or loosely regulated brokers.

Minimum Deposit and Account Types

Trade247 offers four account options: Standard, Pro, Islamic, and Demo. Instead of overloading traders with six (or more) variations of the same setup, the accounts are clearly defined, with differences in execution and access.

Standard Account

The Standard account is the entry point for most traders. There’s no commission, spreads start from 0.2 pips, and leverage is capped at 1:400. It’s for those who want access to all instruments but aren’t necessarily executing at institutional volumes.

Pro Account

The Pro account offers tighter spreads and access to Direct Market Execution (DMA) for more active or experienced traders. No commission is listed here either, which is rare, and a plus.

Islamic Account

Swap-free and compliant with Sharia law, the Islamic account mirrors the Standard/Pro setup but removes overnight interest. There’s no mention of additional admin charges (which is rare). Usually, brokers sneak in those extras.

Demo Account

Unlike most brokers, Trade247’s demo account doesn’t expire. You can use it indefinitely, and it mirrors the live account conditions. It’s perfect for beginners or for testing a new EA setup.

Frequently Asked Questions

What types of trading accounts does Trade247 offer?

Trade247 provides four account types: Standard, Pro, Islamic, and Demo — each designed to meet different trader needs, from beginners to active professionals.

What is the minimum deposit requirement?

While the exact minimum deposit isn’t stated, the Standard account is designed for entry-level traders, implying a relatively low starting point.

What are the benefits of the Pro and Islamic accounts?

The Pro account offers tighter spreads and Direct Market Execution (DMA) without commission, while the Islamic account is swap-free, Sharia-compliant, and doesn’t charge hidden admin fees — a notable plus.

Does the demo account expire?

No. Trade247’s demo account is unlimited in duration and mirrors live market conditions, making it ideal for beginners or strategy testing.

Our Insights

Trade247 keeps its account structure simple but effective, avoiding unnecessary complexity while covering the core needs of most traders. The absence of commissions across all accounts, an unlimited demo, and a transparent Islamic option make the broker accessible, flexible, and beginner-friendly.

How to Open a Trade247 Account

Signing up with Trade247 is a quick 4-step process. They’ve kept onboarding streamlined, a win where some brokers still make you upload a long list of bank statements. Here’s how you can register:

• Sign Up – Fill in basic info: name, email, country, and phone.
• Verify – Upload proof of ID and address. Verification turnaround is fast.
• Pick an Account – Choose Standard, Pro, or Islamic (you can also add a Demo anytime).
• Fund and Trade – Use card, wire, Skrill, or Neteller.

The account is active once funded.

Frequently Asked Questions

How do I open an account with Trade247?

The sign-up process has four steps: fill in basic info, upload ID and address documents, choose an account type, and fund your account using a card, bank transfer, Skrill, or Neteller.

How long does verification take?

Verification is typically fast, with users often fully onboarded and ready to trade within an hour, provided documents are in order.

Are there any platform tutorials or onboarding guidance?

No. Trade247 does not include a quiz, tutorial, or platform walkthrough during sign-up, which may be a gap for beginners.

Can I open a demo account without funding a live account?

Yes. The demo account can be added anytime and is available independently of a live funded account.

Our Insights

There’s no application quiz or platform tutorial involved with onboarding, which could be a drawback for brand-new traders who rely on this for proper client classification (deciding whether Standard or Pro is the best option).

However, if you already know how MT5 works, you’ll be on the platform within an hour.

Trading Platforms

Trade247 keeps its platform offering laser-focused: MetaTrader 5 only, no proprietary apps or add-ons. That may sound limiting, but it’s often a relief for traders who already know what they’re doing.

MT5 isn’t just a “nice-to-have” nowadays—it’s the global standard for multi-asset trading. With it, you get access to:

• Strategy tester – Multi-threaded backtesting with high-speed optimization.
• Partial fills + advanced orders – MT5 supports hedging, netting, and granular order control.
• 21 timeframes – From tick charts to monthly views, great for all strategies.
• Multi-asset support – Trade FX, stocks, indices, metals, cryptos, all from one login.
• Custom indicators + EAs – Full support for MQL5 scripting and automation.
• Built-in economic calendar – Nice touch for macro-focused traders.
• 38+ indicators – Standard toolset includes RSI, MACD, Bollinger Bands, etc.
• 44 drawing tools – Fibonacci, channels, pitchforks, etc.

What’s missing?

There’s no proprietary app, no copy/social trading, and no extra plugins preloaded like Autochartist or Trading Central. If you want tools, add them yourself, or lean on the native MT5 ecosystem. Despite this small drawback, MT5’s raw power is more than enough for traders who can work with it.

Frequently Asked Questions

What is Trade247’s trading platform?

Trade247 exclusively offers MetaTrader 5 (MT5), a globally recognized trading platform for multi-asset trading. While it does not feature proprietary apps or add-ons, it provides advanced features suited for traders who are already familiar with MT5.

What can I trade on MT5 through Trade247?

You can trade a wide range of assets on MT5 via Trade247, including Forex (FX), stocks, indices, metals, and cryptocurrencies, all from a single login.

Does Trade247 offer any proprietary tools or plugins?

No, Trade247 does not offer proprietary apps, copy/social trading features, or pre-loaded plugins like Autochartist or Trading Central. However, MT5 provides a comprehensive suite of tools, and users can add additional tools or rely on the MT5 ecosystem.

What features does MetaTrader 5 (MT5) offer?

MT5 includes numerous features such as multi-threaded backtesting, advanced order control (partial fills, hedging, netting), 21 timeframes, over 38 indicators, and 44 drawing tools. It also supports custom indicators and expert advisors (EAs) and has a built-in economic calendar.

Our Insights

For experienced traders who value simplicity and efficiency, Trade247’s exclusive focus on MetaTrader 5 is a strong offering. While the lack of proprietary apps or extra plugins may be limiting for some, the robust features of MT5, such as multi-asset support, advanced order types, and extensive technical analysis tools, make up for it. If you are comfortable with MT5 and don’t need additional tools, this platform offers everything you need for serious trading.

Markets available for Trade

One of Trade247’s strongest points is its diversity of markets. Despite being a new broker, they offer over 2,000 instruments, which puts them ahead of many longer-established brokers.

Asset Classes

• Forex – Major, minor, and exotic pairs
• Stocks – Global shares traded as CFDs
• Indices – Global stock indices (US, EU, Asia)
• Commodities – Including gold, oil, and softs
• Crypto CFDs – Bitcoin, Ethereum, and others
• Metals and Energy – Physical commodity trading with leverage

This extensive selection of asset classes ensures that traders can access a wide range of opportunities, whether they are looking to diversify their portfolios or focus on specific markets.

Frequently Asked Questions

What types of markets can I trade on Trade247?

Trade247 offers a wide variety of markets, including Forex (major, minor, and exotic pairs), stocks (global shares as CFDs), indices (US, EU, and Asia), commodities (gold, oil, and softs), crypto CFDs (Bitcoin, Ethereum, etc.), and metals & energy (physical commodity trading with leverage).

How is trade execution handled on Trade247?

Trade execution on Trade247 is native to MetaTrader 5 (MT5), ensuring seamless trading across all asset classes without relying on web-only pricing engines or intermediaries. This results in faster, more efficient execution.

Are there leverage restrictions by asset class?

No, Trade247 does not use leverage tiering by asset class, simplifying trading. However, traders are responsible for manually adjusting their exposure depending on market volatility and their risk tolerance.

What are the spreads like on Trade247?

Trade247 does not publish exact spreads for all instruments, but the EUR/USD spread starts from 0.2 pips. For metals and crypto assets, spreads are described as “competitive,” though the exact figures may vary.

Our Insights

Trade execution is MT5-native, without web-only pricing engines or clunky intermediaries. Order types, charting tools, and timeframes all scale cleanly across asset classes.

There’s no leverage tiering by instrument, simplifying trading, but traders should manually adjust exposure depending on market volatility and personal risk exposure (or appetite).

Trade247 doesn’t publish exact spreads for all assets, but EUR/USD starts from 0.2 pips, and metals/crypto pricing is described as “competitive.”

Fees, Spreads, and Commissions

Trade247’s pricing model is refreshingly transparent and a bit aggressive (in a good way). There are no commissions, deposit/withdrawal fees, or inactivity charges.

Spread Breakdown

• Forex (EUR/USD): Starts from 0.2 pips (very tight for a zero-commission model)
• Commodities, indices, stocks, crypto: Described as “competitive,” but exact spreads are not listed

Even on the Pro account, there’s a lack of per-trade commission. Most DMA access brokers offset it with raw spreads and a per-lot fee. You’re getting DMA-level pricing without the fee stack.

Inactivity Fees

None. Leaving your account dormant won’t cost you anything, making Trade247 perfect for traders who follow long-term strategies.

Swap Fees

Standard swaps apply for overnight positions, unless you use an Islamic account, trades are swap-free.

Frequently Asked Questions

Does Trade247 charge commissions or fees?

No, Trade247 has a zero-commission pricing model. There are no commissions, deposit/withdrawal fees, or inactivity charges, making it a cost-effective choice for traders.

What are the spreads like on Trade247?

Trade247 offers very competitive spreads. For example, the EUR/USD spread starts from 0.2 pips, which is considered tight for a zero-commission model. Other assets like commodities, indices, stocks, and crypto are described as having “competitive” spreads, though the exact figures are not listed.

Are there any inactivity fees?

No, Trade247 does not charge any inactivity fees. This is ideal for traders who follow long-term strategies and may not be as active in the market.

Are there swap fees on Trade247?

Standard swap fees apply to overnight positions unless you use an Islamic account, in which case trades are swap-free.

Our Insights

Trade247’s transparent pricing model, with zero commissions and no inactivity fees, makes it an attractive choice for traders looking to minimize costs. The tight spreads, especially on Forex, and competitive pricing across other asset classes ensure that traders can access the markets affordably.

Whether you’re a frequent trader or following a long-term strategy, Trade247’s fee structure is designed to be straightforward and trader-friendly.

Deposit and Withdrawal

Trade247’s funding setup covers the major bases without hidden traps: Fast, fee-free, and globally friendly.

Deposit Methods

Withdrawal Methods

Frequently Asked Questions

What deposit methods does Trade247 offer?

Trade247 supports deposits via Visa, Mastercard, and Bank Transfer. Visa and Mastercard support USD, AED, and EUR, while Bank Transfers support USD, EUR, and GBP. All deposit methods are free and processed instantly (except Bank Transfers, which take 2-5 working days).

How fast are withdrawals on Trade247?

Withdrawals via Visa and Mastercard are processed within 1-3 hours for approval, with funds arriving in 2-3 business days. Bank transfers take 2-5 working days to complete.

Are there any fees for depositing or withdrawing?

No, there are no internal fees for deposits or withdrawals on Trade247, regardless of the method you choose.

What could improve with Trade247’s deposit and withdrawal options?

While the platform offers efficient payment methods, it currently lacks crypto funding options and PayPal support, which may be preferred by some traders. There is also no mention of the ability to transfer funds between live and demo accounts.

Our Insights

What we like

• No internal fees.
• No confusing withdrawal tiers.
• Payouts are processed quickly (in hours, not days).

What could improve

• No crypto funding options yet.
• No PayPal, which some traders prefer.

No mention of internal transfer capabilities between live/demo accounts.

Educational Material and Trading Tools

This is where Trade247 still has some catching up to do.

There’s no live education portal yet—no webinars, no trading academy, no library of tutorials. A blog is mentioned in their roadmap, and webinars are “planned,” but nothing is live at the time of writing.

Here’s what’s missing

• Beginner content for new traders.
• Platform walkthroughs for MT5.
• Strategy breakdowns or tools like Trading Central.
• Risk management tutorials or structured courses.

What we’d like to see

• A real education hub with leveled content.
• Regular market commentary or insights.
• Email newsletter or trade idea digest.
• Tutorials tailored to their platform structure (MT5-only = focused education).

Until then, Trade247 will likely appeal more to experienced traders who don’t need to learn to trade from scratch.

Frequently Asked Questions

Does Trade247 offer any educational resources for traders?

Currently, Trade247 does not provide live educational resources such as webinars, a trading academy, or structured tutorials. While blogs and webinars are on their roadmap, these features are not yet available.

Is there any beginner-friendly content available?

No, as of now, there’s no beginner content, platform walkthroughs, or structured guidance for new traders. The platform is currently more suited to experienced users who already understand how to navigate MT5.

What kind of educational tools are missing from Trade247?

Trade247 lacks strategy breakdowns, risk management tutorials, and third-party tools like Trading Central. There’s also no regular market analysis or email digests.

Is there a plan to expand the educational offerings in the future?

Yes, Trade247 has indicated that blogs and webinars are part of their plans, and there is hope for a more comprehensive education hub as the platform grows.

Our Insights

While Trade247 excels in platform performance and market access, its educational offerings are currently minimal. For now, it’s a better fit for seasoned traders who don’t rely on in-house learning tools. As the broker matures, a structured and useful education hub will be essential to support newer traders and expand its appeal.

Trade247 vs XM vs OANDA – A Comparison

Customer Support

When something breaks or you want a straight answer, support matters. Trade247 has nailed the essentials.

What’s available

24/7 live chat is accessible directly via the website (and WhatsApp).

• Email support – reach them at [email protected]
• Phone and WhatsApp Chat support – +971 58 847 0281
• Languages supported – English and Arabic

Finally, no ticketing system – all real-time responses.

What’s not available (currently)

There is no chatbot for quick “help yourself” answers (which isn’t bad; the agents are quick to respond).

• Telegram support.
• No region-specific numbers beyond the UAE.

Support is human, fast, and globally accessible, especially impressive for a broker barely out of beta. For now, they have the basics covered. We expect an upscale as user numbers grow and the broker expands into more global regions.

Frequently Asked Questions

What customer support options does Trade247 offer?

Trade247 provides 24/7 live chat support via its website and WhatsApp. You can also reach them through email at [email protected] or by phone at +971 58 847 0281.

What languages does Trade247 support for customer service?

Currently, customer support is available in English and Arabic.

Is Trade247’s support system ticket-based or real-time?

Trade247 does not use a ticketing system. All support interactions are handled in real time by human agents for quicker and more personal assistance.

What support features are missing from Trade247?

Trade247 currently does not offer a chatbot for automated queries, Telegram support, or region-specific phone numbers outside of the UAE.

Our Insights

Trade247 has built a solid foundation for customer support, offering quick, human assistance around the clock. While it’s still early days for the platform, the lack of automation is balanced by fast, reliable service. As Trade247 grows globally, more localized options and additional channels will likely follow, but for now, the essentials are well-covered.

Pros and Cons

In Conclusion

Trade247 is still new, but it’s come out swinging with a trading environment that’s clean, fast, and honest. There’s no bonus baiting, loyalty ladders, or unnecessary platform clutter. Just MT5, solid execution, tight spreads, and decent regulation.

It’s not ideal for complete beginners yet because there’s no education, and the $100 deposit might turn casual traders away. But for traders who already know the ropes and want a no-nonsense place to get trades done? It’s already delivering the essentials.

If Trade247 follows through on their roadmap by adding education, a stronger funding setup, and a mobile experience, the broker could grow from “solid option” to real competitor status. It’s a clean platform with plenty of room to evolve.

References

• About Us
• Account Types
• Demo Account

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