Selftrade Review 2024 (Expert Review)

Selftrade Review Summary

Selftrade is an online brokerage company. They help their clients trade stocks, bonds, and other investments. Their user-friendly platform makes it easy to manage day-to-day investments. They offer prices and quotes on international markets, as well as ETPs and mutual funds. The company operates in the United Kingdom and has been facilitating financial trade for years. The company also offers Share Dealing trading. Investors can open a Dealing Account to trade shares on UK and international stock markets. It covers all major countries in the world and claims to have more than 10,000 registered users.

Selftrade review
Selftrade Platform Features

Selftrade main features and highlights
๐Ÿ—บ๏ธ Country of regulation Financial Conduct Authority (FCA)
๐Ÿ’ฐ Trading fees No
๐Ÿ’ฐ Inactivity fee No
๐Ÿ’ฐ Withdrawal fee No
๐Ÿ’ฐ Minimum deposit 0
๐Ÿ•– Time to open a Selftrade account 1-3 Days. *A Selftrade demo account can be opened in a few minutes, but live Selftrade trading account creation times will vary depending on how long it takes to process your Selftrade KYC documents.
๐Ÿ’ณ Wire Transfer No
๐Ÿ‘› Depositing with electronic wallet No
๐Ÿ’ฑ Number of base currencies supported 1
๐ŸŽฎ Demo account provided No
๐Ÿ›๏ธ Financial Instruments offered Forex, Commodities, Indices, Stocks, Crypto, Futures

Selftrade review
Selftrade Financial Regulation

Selftrade is regulated by Financial Conduct Authority (FCA).

Selftrade review
Selftrade Pros And Cons

Regardless of how you trade, there is always a risk to online trading, as well as some key advantages to using such a method. Below are some key pros and cons. The pros of using Selftrade include a large choice of assets that are available to be traded 24/7; and a modern website and mobile app; video guides and chart reading tools to help you carry out fundamental and technical analysis; community features to help you learn from and integrate with other platform users. On the other hand, the cons of using Selftrade can be that the spreads offered on trading cryptocurrencies (Availability subject to regulation) are relatively wide; no mutual funds available to invest in; high risk meaning it is not often a suitable platform for new traders.

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Selftrade Advantages

One of the main advantages of using Selftrade is around the clock service and support as well as research offerings. Not only this, but Selftrade has reduced transaction costs and fees that are often associated with traditional brokerage firms. This provides users of Selftrade with greater flexibility and more control - time is of the essence when trading, and where traditional brokers require appointments just to initiate a trade, trading with Selftrade makes the process a lot quicker. Finally, users have the ability to monitor their investments in real time. Selftrade offers stock quotes and trade information, making it easy for users to view how their investments are doing.

  • Selftrade has been in business over 10 years.
  • Selftrade offers Neteller as a payment method.
  • Selftrade offers Skrill as a payment method.
  • Selftrade offers a Apple Mac desktop trading platform.
  • Selftrade offers mobile trading applications.

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Selftrade Disadvantages

Although Selftrade has a lot of good points Selftrade does not offer the below.

Selftrade Review Risk Warning: Your capital is at risk.

Selftrade Review

Selftrade review
Things to understand when trading with Selftrade

Online trading on trading platforms like Selftrade have seen huge growth in the last 3 years. Trading with Selftrade requires that you take the time to learn how financial markets work and are able to trade with Selftrade using in depth technical analysis and Selftrade risk management trading tools. Trading with Selftrade involves risk. You should only risk capital with Selftrade that you can afford to lose. Understand your risk tolerance with Selftrade, and have a trading strategy that Selftrade is able to help you execute. Selftrade is a very accessible trading platform but you must take the time to be able to effective use the trading tools and financial instruments Selftrade give you access too.

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Selftrade Trading Fees

Trading fees on Selftrade are taken in the form of the spreads Selftrade offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on Selftrade. Selftrade fees vary depending on the financial instruments traded and can include, Selftrade overnight funding fees, spreads, margins and Selftrade inactivity fees, currency conversion fees, and a spread for applying a guaranteed stop order. There may be some fees when transfering money to and from your Selftrade account charged by your 3rd party payment provider if your Selftrade base currency is different from your Selftrade withdrawal method.

NameSelftradeIC MarketsRoboforex
Account FeesNoNo
Withdrawal FeesvariesNoYes
Deposit FeesNo
Inactivity FeeNoNo
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Selftrade Financial Instrument Fees

Selftrade fees for Forex, Commodities, Indices, Stocks, Crypto, Futures are listed below.

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Selftrade Stock Trading Fees

The majority of Selftrade trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options. A Selftrade stock trading fee is a brokerage fee that is charged when you buy or sell stocks. A trader may also pay commission or a fee for buying and selling other investments, like options or exchange-traded funds.

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Selftrade Forex Fees

Commission on Selftrade Forex trading can either be a fixed fee (i.e., a fixed sum regardless of volume) or a relative fee: the higher the trading volume, the higher the commission. The amount of money that a trader is charged for Selftrade Forex fees is based on their trade size. To calculate Selftrade Forex fees, one would subtract the bid price from the ask price to find the spread. A Forex broker keeps this spread as their fee/commission.

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Selftrade Cryptocurrency Fees

Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. Selftrade cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you've used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. Selftrade cryptocurrency fees include a fee for the Maker (which adds to the order book liquidity through limit orders) and Taker (which subtracts liquidity from an order book through market orders).

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Selftrade Non Trading Fees

Selftrade non-trading fees include a variety of Selftrade brokerage fees and charges that a trader will pay which are not related to buying and selling financial instruments using the Selftrade trading platform. The most common non-trading fees include Selftrade withdrawal fees, Selftrade deposit fees and Selftrade inactivity fees.

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Selftrade Deposit Fees

Selftrade does charge deposit fees in some cases. When funding your Selftrade account there may be some Selftrade deposit fees which will vary depending on the payment method you use to deposit to your live Selftrade trading account.

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Selftrade Inactivity Fees

Selftrade does charge clients an inactivity fees for dormant Selftrade trading accounts. A Selftrade inactivity fee is a sum charged on Selftrade brokerage accounts who have not met the minimum buying or selling amount of activity over a specific period. Brokers typically attempt to compensate for lack of commissions by charging inactivity fees.

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Selftrade Withdrawal Fees

Selftrade does charge Selftrade clients small withdrawal fees. Withdrawals fees vary between Selftrade and Selftrade alternatives depending on where you are located and how much money you are withdrawing.

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Selftrade Account Fees

Selftrade does not charge account fees. Account fees charged differ between Selftrade and other brokers. An account is a fee that Selftrade and other brokers assesses on all accounts for the ability to keep an account on their platform.

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Selftrade Account Opening

The Selftrade account registration process is simple, user-friendly, and quick. Within 1-3 Days most Selftrade trading accounts are ready for live trades. Our Selftrade account was validated in 1 day, but live Selftrade trading account verification times will vary depending on the time it takes to process your KYC documents and Selftrade trading account application. A Selftrade demo account can be opened in a few minutes.

Selftrade trading accounts are available in over 194 countries. Selftrade is restricted in the following countries.

Apart from the restricted countries a Selftrade trading account can be opened globally.

The Selftrade trading platform is available for residents in US. Some financial instruments Selftrade offer may be restricted in your country.

  • Fast Selftrade account opening.
  • Selftrade accounts can be opened and KYC can be verified digitally.
  • Selftrade minimum deposit is 0 USD / GBP / EURO.
  • Selftrade trading account verification may be held up for longer than a day if there is an issue with verifying your account.

Selftrade review
Selftrade Deposit And Withdrawal

Selftrade Account Base Currencies

A base currency is the currency in which your account is denominated. In other words, it is the currency you use to trade. Base currencies are used for accounting purposes to refer to the currency in which an investor maintains their book of accounts. For foreign exchange market purposes, a base currency refers to the first currency in a currency pair and the second, the quote currency.

GBP, USD, EURO are supported by Selftrade as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders.

Selftrade offers the following account GBP, USD, EURO.

When trading make sure your Selftrade trading account currency is the same currency as your withdrawal and deposit bank account otherwise there may be some additional currency conversion fees levied by your bank. Selftrade has no control over the fees your bank may charge for currency conversions or withdrawals and deposits to from and to your bank account.

NameSelftradeIC MarketsRoboforex
Number Of CurrenciesYes104
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Selftrade Deposit Fees and Deposit Methods

Investors can log in to their Selftrade trading account, type in their credit card information and the funds required will be posted in a number of business days. Investors can also transfer funds into their Selftrade trading accounts from an existing bank account or send the funds through a wire transfer or online check.

Selftrade Deposit Fees

Making a deposit on your Selftrade account is free.

Selftrade Deposit Methods

There are several methods through which you can deposit money into your Selftrade account. One can use a credit or debit card and Selftrade accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your Selftrade account using a personal PayPal account. One can also use bank wire or electronic bank transfer. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your Selftrade account. Funding methods for Selftrade include Credit cards, Skrill, Neteller,.

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Selftrade Withdrawal Fees and Withdrawal Methods

You can withdraw cash from your Selftrade brokerage account if you have available funds. If you want to withdraw more than you have available as cash, you may need to close open Selftrade positions before doing so. Remember that after you close your orders, you may have wait for the trade to settle before you can withdraw that money from your Selftrade account.

NameSelftradeIC MarketsRoboforex
Funding MethodsCredit cards, Skrill, Neteller,Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,
Withdrawal FeevariesNoYes
Deposit FeeVariesNo
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Losses can exceed deposits
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Selftrade Fees When Withdrawing Your Account Balance

Selftrade do not charge withdrawal fees. Some withdrawal fees are out of the control of Selftrade and may be due to 3rd party payment providers and your account base currency.

Selftrade Withdrawal Methods

Log into your Selftrade trading account, which is connected to your bank account. Go to the section that says โ€œfundsโ€ or โ€œaccountsโ€ and click on it. You will be given two choices: either to add funds or withdraw funds. Click 'withdraw funds' to start transferring money from your Selftrade account to your bank account. To withdraw money from your Selftrade account you can use credit or debit cards. Selftrade processes withdrawals to credit and debit cards provided by MasterCard and Visa. One can also use PayPal, as Selftrade processes withdrawals to PayPal accounts. Finally, you can also withdraw funds straight to your bank account via bank transfer.

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Selftrade Trading Platforms

As there are a number of tradable financial instruments available on the Selftrade trading platform. Before investing in the Selftrade platform, there are important factors to consider. Some platforms are designed for the more advanced trader, thus offering more research and analytical tools. The Selftrade platform has a demo account and educational resources, but it may not be designed for new traders so focuses less on those educational features. Selftrade offer support.

If you struggle with technology, you need to consider the level of support on Selftrade is available. Another thing to consider is your financial goals. Make sure that a Selftrade account fulfils these goals. Several platforms offer commission-free trading, but some require a minimum fee for opening an account.

There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a Selftrade account. Ensure that Selftrade allows you to focus on the type of trading that you want to focus on.

Make sure Selftrade is correct for your investment purposes. Markets change quickly, and you need to be able to execute an order instantly. on your platform. Before using Selftrade, think about how easy it is to use for your personal needs. Does the Selftrade platform offer real-time updates or delayed updates that are more informed? Remember to check if Selftrade is well regulated, and what tradeable financial instruments Selftrade has. Security is very important when it comes to trading with Selftrade.

Selftrade Web Trading Platform

A Selftrade web trading platform is a piece of software that is used for trading. This includes opening, closing, and managing market positions through Selftrade which acts as a financial intermediary. Selftrade is a web trading platform through which Forex traders can open and close positions online, without downloading any software. Via a web browser, traders can follow Bid-Ask spreads, place Stop Loss and Take Profit orders, as well as track all past and current positions executed.

Mobile Trading Platform

Both Android and iOS devices are supported by the Selftrade mobile trading platform.

Selftrade Apple IOS Trading Platform

A Selftrade iOS trading platform is the application software that enables investors and traders to place trades and monitor accounts through iOS apps on Apple devices, such as an iPhone.

Selftrade Google Play Android Trading Platform

A Selftrade Google Play trading platform is the application software that enables investors and traders to place trades and monitor accounts through Google Play apps on Android devices, such as an Android mobile smartphone.

Selftrade review
Selftrade Mobile Trading User Experience

Selftrade mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. Selftrade mobile trading refers to trading using a mobile phone.

Leading brokerages like Selftrade offer mobile trading apps to their clients who are able to use them to trade and even monitor their entire Selftrade portfolio. All an investor needs is a Web-enabled smartphone and a trading account with Selftrade. Once you have download the Selftrade trading app, you are ready to begin.

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Selftrade Desktop Computer Trading Platform

A Selftrade computer trading platform is a software which one can use to research, place, monitor and edit trades on your desktop computer. You can choose from many platforms, including desktop platforms, trading apps, web-based platforms and third-party programs. The Selftrade desktop computer trading platform is the software that enables investors and traders to place trades and monitor accounts through financial intermediaries. The Selftrade desktop trading platform offers other features to its users, such as real-time quotes, charting tools, news feeds.

Selftrade PC Trading Platform

One needs a computer with high performing hardware if their plan is to be a full time trader using Selftrade. A trading computer with access to a Selftrade PC trading platform is a superior, extremely fast computer which is designed and customized to maximize a traders ability to interface with markets and make decisions in real time. There are four key ingredients to a great Trading Computer: speed, reliability, multiple monitors, and post-sale service & support.

Selftrade Apple Mac Trading Platform

Apple Macs and MacBooks can easily handle the most important requirements when using the Selftrade trading platform. This includes the ability to have multiple browser tabs or trading apps open, a high quality display or monitor (high definition Retina displays with True Tone technology, adjusting and adapting to ambient lighting), an accurate trackpad or mouse, lightweight design, and long battery life. Macs are easy to set up, start up, use and even maintain. A Mac can go from cold boot to live trading using just a couple of mouse clicks and in well under a minute. Therefore, the Selftrade trading platform is very user friendly on a Mac device.

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Selftrade Trading Look And Feel

The Selftrade user interface (UI) is what Selftrade traders will see and interact with first when trading with the Selftrade trading platform. The Selftrade is well designed. The goal of the Selftrade trading UI is to make the Selftrade user's experience intuitive. The Selftrade application has good user experience and a good level of customer satisfaction.

Selftrade Security

Selftrade is a secure trading platform. Selftrade offers traders security via 2 factor authentication, SSL encription when trading with Selftrade. Selftrade trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with Selftrade. Rate limitation on Selftrade suspicious account activities is another layer of protection that is provided for Selftrade trading accounts, for example multiple failed login attempts with Selftrade. You have the option to further safeguard your account by using Selftrade Two-Factor Authentication (2FA), which provides an extra layer of security.

The Selftrade trading infrastructure is constantly watched and guarded by a trained team at Selftrade In addition, Selftrade never send sensitive information without first encrypting on the Selftrade trading platform using transport layer security (TLS) and SSL.

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Placing A Buy Or Sell Order On Selftrade

Available Selftrade order types. # market, limit, stop, stop limit, Good until end of day / canceled.

Selftrade Market Order

A Selftrade market order is an order to buy or sell a stock at the market's current best available price. A market order usually ensures an execution, but it does not guarantee a specified price. Market orders are optimal when the primary goal is to execute the trade immediately. Selftrade market orders are executed by a broker or brokerage service on behalf of clients who wish to take advantage of the best price available on the current market. Selftrade market orders are popular as they are a fast and reliable method of either entering or exiting a trade.

Selftrade Limit Order

A Selftrade limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received. If the order is subsequently filled, it will only be at the specified limit price or better. However, having said this, there is no assurance of execution.

Selftrade Stop Order

A Selftrade stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A sell stop order is entered at a stop price below the current market price. If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.

Selftrade Stop Limit Order

A Selftrade stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order. Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better). The Selftrade stop-limit order triggers a limit order when a stock price hits the stop level. A Selftrade stop-limit order can be helpful when trading if you are unable to watch your trades all day.

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Selftrade Alerts And Notifications

Price alerts and notifications can be established for executed orders, important news, and margin calls, for example. On the online platform, these notifications appear as pop-up messages. It would be preferable if you could set up email or SMS notifications as well.

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Selftrade Trading Platform Features

Online trading platforms like Selftrade are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with Selftrade. The Selftrade trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using Selftrade.

Selftrade Margin Trading

Selftrade margin trading means borrowing money from the brokerage firm in order to carry out trades. When trading on margin, investors first deposit cash that then serves as collateral for the loan, and then pay ongoing interest payments on the money they borrow. In essence, Selftrade margin trading is a facility under which one buys and sells stocks that they cannot afford. You are allowed to buy and sell stocks by paying a marginal amount of the actual value. This margin is paid either in cash or in shares as security. Your broker funds your margin trading transactions.

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Selftrade Account Types

Selftrade Demo Account

Selftrade offers demo accounts that gives traders the ability to purchase and sell Selftrade financial instruments in a practice environment, using fake Selftrade digital money and live market conditions and data. When you practise on a Selftrade demo account, one of the many advantages you'll enjoy is the opportunity to get acquainted with the more technical parts of the Selftrade platform. Selftrade demo accounts allow you to experience and practice a variety of market charts, Selftrade trading indicators, and trading strategies using Selftrade.

Selftrade Standard Account

Selftrade offers a standard trading account, allowing Selftrade traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich Selftrade trading platform.

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Selftrade Tradable Financial Instruments

Selftrade tradable financial instruments are the financial instruments that are specifically available to trade on the Selftrade trading platform. This refers to the different types of financial markets you can trade with through Selftrade. Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on Selftrade.

NameSelftradeIC MarketsRoboforex
CFD TradingNoYesYes
Stock Markets2000210053
Fractional SharesNoYes
CryptocurrenciesNo YesNo
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Selftrade Trading Stocks

Stock trading with Selftrade is the act of purchasing and selling shares in a corporation listed on a stock exchange available for trading with Selftrade; if you possess the stock on Selftrade, you own a piece of the corporation and may be entitled to voting rights where applicable.

Stock trading on Selftrade involves purchasing and selling stocks and share using Selftrade periodically in order to time trades against the stock markets, with the aim of using Selftrade to profit from your stock trading. Selftrade stock traders look to profit from the short-term market developments by selling stocks for a profit or buying stocks at a cheap price on Selftrade. Stock traders on Selftrade conduct significant study, frequently dedicating several hours every day to market monitoring using Selftrade trading tools.

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Selftrade Trading ETFs

What Are ETFs

Selftrade does not offer ETF trading. An ETF is a collection of assets whose shares are traded on a stock market. They blend the characteristics and potential benefits of stocks, mutual funds, and bonds. ETF shares, like individual stocks, are traded throughout the day at varying prices based on supply and demand.

What Are Fractional Shares

Selftrade does not offer fractional share trading.

Investors can buy fractional shares of a stock, making it easier to diversify even with modest amounts of money. Investors can buy stock in fractional shares by specifying a dollar amount rather than the price of a whole share.

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Selftrade Trading Cryptocurrencies

Selftrade offers cryptocurrency trading.

Cryptocurrency trading can be conducted using Selftrade to buy and sell the cryptocurrency financial instruments on Selftrade. Cryptocurrency trading can also be done using a cryptocurency CFD Selftrade trading account where allowed by financial regulators, to speculate on up or down price movements of a specific crypto asset using Selftrade. A CFD is a high risk leveraged trade between the trader and the Selftrade brokerage. No underlying assets are exchanged with a Selftrade CFD contract, it is purely speculation on the crypto financial instruments price movements with Selftrade. Selftrade CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if Selftrade CFD cryptocurrency trading is allowed in your region and make sure you undertand the risks fully before trading.

The volatility of cryptocurrencies is the biggest source of risk when trading them with Selftrade. They are high-risk and speculative, and you should be aware of the hazards before you begin trading high risk financial instruments with Selftrade.

Cryptocurrency trading is not offered by Selftrade, so you will need to find a Selftrade alternative that allows you to buy and sell the underlying cryptocurrency assets. Selftrade CFD trading on cryptocurrency assets is not allowed in the United Kingdom as set by the UKs financial regulator the FCA. Check to see if CFD cryptocurrency trading is allowed in your region with a Selftrade alternative and make sure you undertand the risks fully before trading.

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Selftrade Forex Trading

Forex trading with Selftrade is a method through which to invest money which involves trading one currency for another in a Forex currency pair with Selftrade. The main aim of Selftrade Forex trading is to successfully predict if the value of one currency will increase or decrease when compared to another. You can trade major, minor and exotic currency pairs with Selftrade. As a Selftrade Forex trader, one buys and sells currencies on a foreign exchange market. Their duties include performing research or analysis on a currency pair using a trading platform like Selftrade. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like Selftrade. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on Selftrade.

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Selftrade Commodities Trading

Commodity trading is a type of trading available on Selftrade where individuals or businesses buy and sell financial instruments using Selftrade related to commodities, such as metals or oil.

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Selftrade Options Trading

Selftrade options trading is the trading of instruments that gives someone the right to buy or sell a specific security on a specific date at a specific price. If one decides to complete that purchase or sale, they are know to be exercising the option. Selftrade option strategies are the simultaneous, often mixed, buying or selling of one or more options which differ in one or more of the options' variables.

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Selftrade Futures Trading

Futures trading with Selftrade is where derivative financial contracts obligate a buyer to purchase an asset or a seller to sell an asset at a predetermined future date and set price using Selftrade to facilitate the trade. A Selftrade futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on Selftrade. Typically, futures contracts are traded on an exchange such as Selftrade; one trader agrees to buy a given quantity of securities or a commodity, and take delivery on a certain date. The selling Selftrade trader to the contract agrees to provide it.

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Selftrade Bonds Trading

Bonds trading on Selftrade is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an investment for the duration of the issued bond, and then give the original sum back at the end of the loan's term to the Selftrade trader. Bonds can be bought and sold on Selftrade after they are issued. While some bonds are traded publicly through Selftrade, most trade over-the-counter between large broker-dealers like Selftrade acting on their clients' or their own behalf. Yield is therefore based on the Selftrade purchase price of the bond as well as the coupon.

Selftrade CFD Trading

A contract for difference (CFD) allows traders to speculate on the future market movements of an underlying item without owning it or taking physical delivery of it. CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange.

NameSelftradeIC MarketsRoboforex
Forex CFD6135
Index CFD2530
Stock CFD1108400
Commodity CFD2020
Crypto CFDNo YesNo
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Selftrade Trading Research Tools

Taking advantage of Selftrade trading research tools which are designed to help traders analyse potential investments using the Selftrade trading platform. Some Selftrade research tools include charts, technical analysis, and Selftrade trading indicators.

Selftrade Trading News

Traders can follow the markets and make wise investment decisions on Selftrade by using the news to help form a strategy when it comes to choosing investments. A Selftrade news trading strategy involves trading based on news and market expectations, both before and following news releases. Traders need to assess the news immediately after it is released and make a quick judgement on how to trade as a result.

Selftrade Economic Calendar

An economic calendar is used by investors to monitor market-moving events, such as economic indicators and monetary policy decisions. Market-moving events, which are usually announced or released in a report, have a high probability of impacting the financial markets. A Selftrade economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index (CPI), and the Non-Farm Payroll (NFPs) report.

Selftrade Fundamental Data On Financial Instruments & Companies

Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. Selftrade fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business. Fundamental analysis therefore evaluates securities by attempting to measure their intrinsic value.

Selftrade Charting

Technical analysis indicators such as MACD,RSI, Stochastics, OBV, and Fibonacci are vital for trading. The primary types of chart used by traders on Selftrade are the Candlestick Chart, Line Chart, Point and Figure charts, and Renko Chart. Charts such as these are plotted either on an arithmetic or logarithmic scale and the analyst then goes with either one depending on the information acquired.

Selftrade portfolios

Trading portfolios are useful when trading with Selftrade.

A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.

A Selftrade trading portfolio is a traders collection of investments, which may include a variety of Selftrade financial instruments.

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Selftrade Payment Methods

A Selftrade payment method is required to fund your Selftrade trading account before placing a buy or sell order on a financial instrument.

When trading with Selftrade, there are a variety of payment options accessible; different brokers support different deposit and withdrawal methods. Each trade payment option has its own set of benefits and cons in terms of costs, processing times, and limits. Some thing to be aware of is if your bank accounts base currency is different to the base currency of your trading account, your bank may add additional transfer fees that Selftrade do not have any control over.

NameSelftradeIC MarketsRoboforex
Payment MethodsBPAY, Credit Card, FasaPay, Giropay, Mastercard, Neteller, PayPal, POLi, QIWI, Rapid Transfer, Skrill, UnionPay, Visa, Wire Transfer, Yandex MoneyADVcash, Alipay, Bitcoin Payments, Cashu, FasaPay, Giropay, iDeal, MoneyGram, Neteller, Perfect Money, POLi, QIWI, Rapid Transfer, SafeCharge, Skrill, Sofort, Trustly, Vietcombank Transfer, Visa, Webmoney, WeChat Pay, Wire Transfer, Yandex Money
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Losses can exceed deposits
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Losses can exceed deposits

Selftrade review
Selftrade Withdrawl Methods

When trading with Selftrade at some point you will want to release your funds back to your bank account or other withdrawal method. Many modern trading platforms offer withdrawal of your trading account balance to digital wallets and direct bank transfers. Depending on your geo region certain withdrawal methods may be more convenient to you. Each withdrawal method has its own withdrawal time which you will have to check before withdrawing your Selftrade account balance. Selftrade may have minimum withdrawal limits that you will need to check before withdrawing.

You may be charged a currency conversion fee by your withdrawal method if you withdraw your Selftrade account balance in a currency other than GBP, or whatever your withdrawal method account base currency is.

Selftrade Withdrawals Times

The time it takes for your withdrawal to arrive is determined by the method you used to make it. It's important to remember that this is the payment method you used to fund your Selftrade account.

Withdrawal requests can take up to three business days to be processed by Selftrade.

You may anticipate to receive your money within three business days for bank transfers, credit/debit cards, and digital wallets.

If you're having a withdrawal transferred to your digital wallet account, your Selftrade should arrive in less than 24 hours.

Selftrade review
Selftrade Customer Support

Customer support represents the resources within the Selftrade company that provides technical assistance to its customers after they use the Selftrade service. A customer may often need to seek out support when they are in need of help, so a customer support team must be easy to contact, available, and responsive.

Selftrade offer customer support.

Selftrade Email Support

Selftrade offers email support.

Email support is a a convenient method of Selftrade customer service but responses to support queries are not quick. You may have to wait between 1 - 3 days for a response from Selftrade regarding your support request.

Selftrade Livechat Support

Selftrade offers livechat support.

Selftrade live chat support is a way for customers to obtain help from Selftrade through an instant messaging platform. It happens at a one-to-one level, often via the company's website. It can be a proactive chat pop-up, with a chat box appearing on the screen and asking if you need help. Clicking on it would then connect you to a live agent. Livechat is great if you require a reponse to your support request withing 15 minutes.

Selftrade Telephone Support

Selftrade does not provide Selftrade clients phone Support. If you need to contact Selftrade use one of the alternative available Selftrade contact methods.

Selftrade does not offer telephone support.

Selftrade review
Selftrade Educational Resources

Selftrade educational resources are used throughout the Selftrade learning environment to help and assist with customer's development and learning of trading on Selftrade. They are designed to reinforce learning and in some cases allow people to put their knowledge to the test using Selftrade trading tools. Educational resources are brilliant for educators to help deliver the best quality lessons.

Selftrade Trading Platform Tutorials

Selftrade offer a range of learning resources and tutorials and guides made available to registered Selftrade users. The Selftrade guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate Selftrade users on basic trading principles.

Selftrade Trading Videos

Selftrade offer a selection of online trading videos.

Trading videos on Selftrade help new and even more experienced investors gain insights into Selftrade technical analysis tools and how the different financial markets work when trading on Selftrade.

Selftrade trading videos cover the basics of financial instruments like stocks, Forex, commodities, ETFs and cryptocurrencies. Some Selftrade training videos help widen your trading knowledge. The more trading knowledge you have the better you will be able to mitigate and understand trading risks when using Selftrade to trade live financial markets.

Selftrade Webinars

Selftrade offers access to online webinars. A webinar is an interactive online event in which a speaker (or a small group of speakers) delivers a presentation to a large audience of Selftrade clients who participate by asking questions, replying to polls, and using other interactive technologies available on the Selftrade trading platform.

Selftrade review
Selftrade Financial Regulation When Trading

Financial regulations on Selftrade protect consumers' investments. Regulations prevent financial fraud and limit the risks that Selftrade as a financial institution can take with their investors' money. Financial regulators oversee three main financial sectors: banking, financial markets, and consumers. A well-functioning financial system is vital for the economy, businesses and consumers. Selftrade financial regulation is part of ensuring the safety and soundness of the financial system and protecting consumers.

Is Selftrade Regulated?

Selftrade is regulated by Financial Conduct Authority (FCA).

Selftrade is licensed by financial regulators in certain jurisdictions. You can find out if brokers like Selftrade are licensed in your country, if they have had run-ins with regulators, or received serious complaints from Selftrade investors, directly with financial regulators in your country.

Selftrade Regulatory Protection Limits

When registering with Selftrade you must check with regulatory body your Selftrade trading account falls under. Even though you are a resident of the UK for example your account may fall under regulatory rules outside the jurisdiction of the FCA. Check which company entity and regulation your Selftrade account is over seen by. Selftrade client funds are stored in segregated 3rd party bank account in accordance with Selftrade financial regulators.

Client country Investor protection amount Regulator
United Kingdom ยฃ85,000 Financial Conduct Authority (FCA)
EU Investor Compensation Scheme max โ‚ฌ50,000 Directive of The European Parliament and European Commission
Other countries 90% of your funds, max โ‚ฌ20,000 Bulgarian Financial Supervision Commission (FSC)

Selftrade Trading Signals

Selftrade does not offer trading signals in any form.

Make sure you understand the risks of trading signals.

How does Selftrade make money?

Because Selftrade acts as an intermediary, Selftrade gets compensated on buy and sell transactions of financial instruments. As a result, Selftrade profit is determined by the volume and number of transactions. Selftrade earns revenue to fund their Selftrade platforms and wide range of trading services through market spreads.

Can you buy shares on Selftrade?

Selftrade does not provide customers with real company shares trading.

Does Selftrade offer Cryptocurrency?

Selftrade does not offer cryptocurrency trading. The offering of crypto CFDs was stopped by most trading platforms on November 27, 2020, as a result of the Financial Conduct Authority of the UKs restrictions on cryptocurrency. While buying and selling Bitcoin and other cryptocurrencies is still lawful, the UK financial regulator, the Financial Conduct Authority (FCA), has made trading cryptocurrencies illegal for UK residents. This is because the FCA considers crypto CFD trading to be a high-risk activity. You'll need to see if trading crypto CFDs are allowed in your country.

Selftrade Lower fees, lower costs?

Selftrade have reasonable trading fees and costs. Selftrade do not charge a deposit fee. Selftrade may charge a withdrawal fee. Some withdrawal fees are out of the control of Selftrade and may be due to 3rd party payment providers and your account base currency.

What about the minimum deposit?

Selftrade minimum deposit is 0 USD / GBP / EUR.

How to start your Selftrade account?

You can sign up for a live or demo Selftrade trading account by visiting Selftrade and signing up. Enter your details, upload proof of ID, fund your account and you should be up and trading within a few hours. Open an Selftrade account here.

How's the Selftrade trading app?

Selftrade allow traders to trade financial markets on Selftrade does not currently offer trading through any mobile applications on iOS or Android. supported mobile devices.

You can tryout the Selftrade trading app here. Your capital is at risk

Is the quality of Selftrade customer service satisfactory?

Selftrade have average customer support offering support through support options.

Is this broker good for new traders?

Selftrade is a good trading platform for new traders as Selftrade offer a good range of educational resources, good support options as well as a demo account.

How do you withdraw money from Selftrade?

Selftrade offer a good selection of withdrawal options. Once Selftrade have confirmed and approved your withdrawal information, withdrawals are usually processed within 1 to 3 days.

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Ashly Chole - Senior Finance & Technology Editor

Selftrade Review 2024 (Expert Review) guide updated 21/07/24