SOFTRADE

SoftTrades (operating under the domain soft-trade-network.com) is a forex and CFD brokerage registered in the United Kingdom. The company was founded on 14 April 2025, making it a very recent entrant to the online trading space. As of the time of this review, the broker does not hold any regulatory licenses from recognized financial authorities, which is a significant factor for traders to consider.

The broker presents itself as a multi-asset trading platform offering a range of instruments including currencies, commodities, indices, and individual stocks. It markets its services to traders of all experience levels, from complete beginners to seasoned professionals, through three distinct account tiers.

SoftTrades provides three account types designed to accommodate different trader profiles and capital levels. The BEGINNER account is the entry-level tier, requiring a minimum deposit of $250 and offering a maximum leverage of 1:50. It features spreads from 0.12 pips, no commission, and includes a 15% welcome bonus. This account is aimed at novice traders who are just starting out.

The PROFESSIONAL account requires a minimum deposit of $2,500 and offers leverage up to 1:100. It is intended for more experienced traders seeking higher exposure. The BUSINESS account is the highest tier, with a minimum deposit of $25,000 and leverage up to 1:300, targeting high-volume traders or institutional clients. All accounts claim to include negative balance protection and multi-currency funding options.

The broker offers its own proprietary WebTrader platform, accessible directly through a web browser without the need for any software download. According to the website, the platform provides advanced charting tools, one-click execution, real-time market data, and the ability to deposit and withdraw funds directly within the interface. It is designed to work on all devices and operating systems, providing flexibility for traders to manage their accounts from anywhere.

SoftTrades emphasizes the platform’s cutting-edge technology and security, including SSL encryption. The broker also claims to provide financial market news and trading signals to assist clients with analysis. However, no details are given about mobile apps, algorithmic trading, or third-party platform integrations.

SoftTrades offers a diverse range of over 200 trading instruments, covering major asset classes. Forex pairs are available for trading, as well as commodities such as precious metals (gold, silver, platinum, copper), energies (crude oil, natural gas), and agricultural products (wheat, corn, sugar, cotton). The broker also provides CFDs on shares from major stock exchanges including the NYSE and NASDAQ, along with indices.

While the broker’s website mentions these products in general terms, specific instrument lists or contract specifications are not provided. The broker states that trading involves high risk and that clients can lose more than their initial investment, particularly when using leverage.

A critical aspect of SoftTrades is its lack of regulation from any recognized financial authority. The company is registered in the United Kingdom, but this registration is purely corporate and does not imply oversight by the Financial Conduct Authority (FCA) or any other regulator. The broker’s legal documents page includes a privacy policy, risk disclosure, and terms of service, but no regulatory disclosures are made.

For traders, the absence of regulation means there is no mandatory investor protection scheme, no dispute resolution body, and no guarantee of fair treatment. The broker’s elevated FXCanary Scam Risk Score of 56/100 reflects these concerns. Traders should exercise extreme caution and consider the lack of oversight as a significant red flag.

SoftTrades provides multiple contact methods including phone numbers with country codes for the UK (+447451295454), Poland (+48573587400), and Czech Republic (+420790295510). The website also offers a contact form for inquiries. Customer support is described as multilingual, with English being the primary language. The broker claims to have a worldwide presence, though no physical office addresses are listed beyond the registration in the UK.

The broker offers a live chat feature? Not explicitly mentioned, but the contact page suggests email and phone support. Given the lack of regulation and the broker’s recent establishment, the reliability and responsiveness of customer service remain unverified.