Headquartered in Raleigh, North Carolina, Place Trade is an award-winning online trading broker that has been in operation for over two decades — since 2001. They allow traders to buy and sell various trading instruments across different asset classes, including stocks, options, ETFs, mutual funds, bonds, and more, using various advanced trading platforms that are available in desktop, web, and mobile versions. Some of the essential features of the broker include global full-service, zero commissions, STP execution, and more. The minimum deposit required to start trading is $1.
Place Trade Review Introduction
In this Place Trade review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including Place Trade.
Place Trade Platforms & Tools
The broker allows traders to trade the available financial assets using the Trader WorkStation (TWS) trading platform. The TWS is an intuitive trading platform that is designed to suit the trading needs of even the most active traders. As a result, it is built with various advanced features and functionalities, such as a simplified workspace, news & research, real-time monitoring, algorithmic trading tools, price/risk analytics, paper trading, and more. In addition, the broker makes the TWS trading platform available as a desktop application for Windows and Mac computers, Web Trader that runs directly on modern web browsers — Chrome, Safari, Firefox, and Edge — without needing to download or install additional software, and a mobile app that is compatible with Android and iOS mobile devices.
To help traders to get an enhanced trading experience, the broker makes available a good selection of helpful trading tools, such as portfolio analyst tools, market scanners, API solutions, risk management tools, smart routing technology, and more.
Place Trade Research & Education
Place Trade provides traders with various learning resources to help traders make informed trading decisions. These educational resources include trading guides, an education center, webinars, financial news, and an FAQ section that answers some of the clients’ most common questions.
Place Trade Trading Accounts
With a minimum deposit of just $1, Place Trade clients can open any of the following live trading account options: Reg T Margin, Reg T IRA, Cash, or Portfolio Margin account types. The accounts can offer leverage of up to 1:400, depending on the client’s location and trading experience.
Place Trade Account Funding
At Place Trade, all account deposits and withdrawal requests are processed using any of the following payment methods: bank transfers, ACH, checks, and more.
Place Trade Customer Service
Traders are allowed to send all their general, technical, and account-based inquiries to a knowledgeable client support team. The customer service representatives are available Monday through Friday from 8:30 AM to 5:30 PM and by appointment; they can be contacted through telephone and email.
Place Trade Regulation
Place Trade is an online trading broker that is duly registered with FINRA and SIPC. However, it is not registered in all states or jurisdictions. Place Trade does not solicit securities, products, or services in any jurisdiction where it is not authorized to do so.
Place Trade Review Summary
Place Trade is an online trading broker that is bent on providing traders with seamless access to the global financial markets. They offer the TWs trading platform, which is available in desktop, web, and mobile versions. There are various learning resources, useful trading tools, and a knowledgeable client support team to assist traders. The minimum deposit required to start trading is $1. The broker is registered with FINRA and SIPC.
It is worth mentioning that some of the trading products and services in this Place Trade review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Place Trade broker website, which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.