Basic Information
Registered Region 
Vanuatu
VanuatuOperating Period
5-10 years
Company Name
Planet-traders
Customer Service Email Address
support@planet-traders.com
Company Website
Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
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/10
Planet-traders
Vanuatu
|
5-10 years
|
Suspicious Regulatory License
|
Suspicious Scope of Business
|
High potential risk
https://planet-traders.com/en/main/
Website
Rating Index
Contact
support@planet-traders.com
https://planet-traders.com/en/main/
LicensesNo valid regulatory information, please be aware of the risk!
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
2
Website
Genealogy
Relevant Enterprises
Employees
Company Summary
Disclosure
Comment
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Website
planet-traders.com
138.201.60.173Server LocationICP registration--Most visited countries/areas--Domain Effective Date--Website--Company--
Genealogy
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Relevant Enterprises
PLANET TRADERS, INC.(Delaware (United States))
Active
United States
Registration No. 3066669
Established
Related sources Website Announcement
Employees
Company Summary
Note: Planet-traders's official website: https://planet-traders.com/ is currently inaccessible normally.
| Planet-traders Review Summary | |
| Founded | 2017 |
| Registered Country/Region | Vanuatu |
| Regulation | No Regulation |
| Market Instruments | forex pairs, stocks and commodities, indices,CFD contracts |
| Demo Account | ✅ |
| Trading Platform | WebTrader |
| Leverage | 1:1000 |
| Minimum Deposit | $100 |
| EUR/ USD Spread | Start from 0.05 pips |
| Customer Service | Online Chat |
| Email: support@planet-traders.com | |
Planet-traders Information
Planet-traders is a broker registered in Vanuatu that provides five kinds of trading tools and also, demo accounts to practice in a risk-free environment. However, its official website is currently inaccessible, and the broker lacks legal regulatory licenses.
Pros and Cons
| Pros | Cons |
| Multiple Trading Choices | Lack of Legal Regulation |
| Demo Accounts | Limited Contact Channels |
| Tight Spreads | Limited Info on Trading |
| Unavailable Website |
Is Planet-traders Legit?
Planet-traders is not subject to any legal regulation. Although it claims to hold a brokerage license numbered 14391 issued by the Vanuatu Financial Services Commission (VFSC), the VFSC has warned that Planet-traders is neither incorporated nor licensed by the VFSC and may be illegally providing financial services. Therefore, you are advised to stay away from this broker.
What Can I Trade on Planet-traders?
Planet-traders mainly offers five types of trading instruments, including forex pairs (more than 35 kinds), stocks and commodities (metals), indices, CFD contracts.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ❌ |
| Stocks | ✔ |
| Mutual Funds | ❌ |
| Bonds | ❌ |
| CFD Contracts | ✔ |
Account Type
Due to the unavailable official website of Planet-traders, information about the specific types of accounts it offers remians unknown. However, it is known that beginners can use the demo accounts provided by Planet-traders for practice. At the same time, it also offers Islamic swap-free accounts.
Trading Platform
Planet-traders supports trading through WebTrader, a web-based financial trading platform. The platform is equipped with various technical analysis tools, such as technical indicators and graphical objects, to assist traders in conducting technical analysis and making predictions. However, since Planet-traders does not have a legal license, it is uncertain whether it has obtained permission from WebTrader.
| Trading Platform | Supported | Available Devices |
| MT5 | ❌ | / |
| MT4 | ❌ | / |
| WebTrader | ✔ | Website |
Customer Service
The official website of Planet-traders is inaccessible, and it only allows you to contact them through 24/7 online chat and email: support@planet-traders.com.
The Bottom Line
Planet-traders is a broker that offers a variety of trading instruments, including demo accounts for practice. However, Planet-traders is not subject to any legal regulation, you are advised to stay away from it.
FAQs
Is it safe to trade with Planet-traders?
No, trading with Planet-traders is unsafe as it lacks legal license.
What is the minimum deposit required by Planet-traders?
The minimum deposit is $100.
What is the maximum leverage offered by Planet-traders?
The maximum leverage is 1:1000.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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