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Place Trade

Moderate riskStockbroker
🇺🇸 United States · 5-10 years · since 2020-12-31 · Place Trade Financial, Inc.
This is a stockbroker, not a leveraged forex/CFD broker — listed for reference. If you’re looking for a forex broker, see our forex broker directory.
Unregulated
Visit site ↗
—/5
★★★★★ ★★★★★
1 reviews ›
0
Licenses ›
0
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
48/100
Scam risk ›
0
Clone sites ›
▲ 100% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX1.53/10
Trustpilot—/5
Forex Peace Army—/5
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Place Trade operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.
48
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration108%
Transparency (site/info/social)10010%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal namePlace Trade Financial, Inc.
Headquarters🇺🇸 United States
Founded2020-12-31
Years operating5-10 years
Employees0
Official websiteplacetrade.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

Place Trade is a US-based stockbroker founded in 2020, but it operates without any regulatory licences on file. Our FXCanary Scam Risk Score of 48/100 (Guarded) reflects the elevated risk due to the absence of oversight and limited public information. Traders should approach with caution and consider the lack of investor protection.

Best for
  • US stock and ETF traders
  • Investors seeking overnight trading options
  • Retirement planning
Not for
  • Forex or CFD traders
  • Traders requiring regulatory protection
  • Beginners seeking a regulated broker
Period:
What users praise
Where reviewers are from
United Kingdom1

Real user reviews

Where Place Trade operates

Active across 2 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇺🇸 United States
🇭🇰 Hong Kong

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What Place Trade says about itself as stated by the broker · not independently verified by FXCanary

Products & Services

Place Trade states on its website that it offers trading in stocks, ETFs, options, and bonds. The firm also highlights overnight trading and a stock yield enhancement program. In addition, it provides retirement planning services and various investment types.

Trading Platforms & Access

The broker claims to offer 24-hour trading and provides access through a client portal called Account Management and a QuickTrade platform. Users can log in and open accounts via links on the site. The website also mentions mobile and global investing capabilities.

Account Types

According to its website, Place Trade offers multiple account types. Specific details are available on the 'Account Types' page, though the exact names and features are not fully described in the excerpts. The firm also allows users to finish a new account application online.

Pricing & Support

The broker provides a pricing overview page, but specific commission or fee structures are not detailed in the available web extracts. Customer support is accessible via phone (919-719-7200) and through a support page with FAQs.

About Place Trade

Overview

Place Trade is a US-based online brokerage founded on December 31, 2020. The firm operates from its official website placetrade.com, offering a range of securities trading services. It positions itself as a provider of stocks, ETFs, options, and bonds, with additional features such as overnight trading and retirement planning.

The broker does not currently hold any regulatory licences from major financial authorities, as per our records. This absence of oversight is a notable factor for potential clients to consider. Despite being registered in the United States, Place Trade is not listed with the SEC or FINRA in a regulatory capacity.

Regulation and Safety

Our research indicates that Place Trade has no registered regulators on file. This means the broker operates without direct supervision from a financial watchdog, which increases the risk for traders. The FXCanary Scam Risk Score of 48/100 (Guarded) reflects this concern and the limited public information available.

Traders should be aware that unregulated brokers often lack investor protection schemes, such as compensation funds or dispute resolution services. It is advisable to exercise caution and conduct thorough due diligence before committing funds.

Trading Instruments

Place Trade offers trading in equities, exchange-traded funds (ETFs), options, and bonds. The firm also promotes a stock yield enhancement program and overnight trading. Retirement planning is listed as a service, indicating a focus on long-term investors.

Notably, there is no mention of forex, CFDs, or cryptocurrencies on the website. This suggests the broker is purely a securities brokerage, not a retail forex or CFD provider. The investment types are traditional, appealing to stock market participants.

Account Types and Platforms

The broker provides multiple account types, though specific details are not fully disclosed on the public pages. Account opening is handled through a client portal called Account Management, and trading can be done via QuickTrade. The platform appears to be a web-based system with mobile access.

Funding methods and minimum deposit requirements are not explicitly stated in the web results. However, the account application process is started online, suggesting a straightforward onboarding procedure.

Target Audience

Place Trade seems to target US-based individual investors interested in traditional securities trading. The inclusion of retirement planning and overnight trading caters to both day traders and long-term savers.

Given the lack of regulatory oversight, this broker may be more suitable for experienced traders who understand the risks of dealing with unregulated entities. Beginners might prefer a regulated alternative.

Overview compiled by FXCanary from regulatory records and public data. full Place Trade review