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Karoline Hardy
Within 1 year

Does TRAZE have any cons?

Broker Issues
Traze
Regulation
01-18
United States
WikiFX
Reply

While TRAZE offers many benefits, there are a few cons to consider. One downside is the lack of clarity regarding deposit and withdrawal methods, times, and fees. This lack of transparency is a bit of a concern for me, as I like to know exactly how my deposits and withdrawals will be handled before proceeding with transactions. Another limitation is that while TRAZE offers high leverage, the associated risks with leverage of up to 1:2000 may not be suitable for every trader, especially beginners who might not be fully aware of the potential for significant losses. Additionally, while the broker supports the MT4 platform, it does not offer MT5, which might be a disadvantage for experienced traders who prefer the additional features and flexibility that MT5 offers. Despite these cons, TRAZE’s regulation and competitive trading conditions still make it a solid option for many traders, but it’s important to weigh these drawbacks carefully.

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