About Trade Action
Overview
Trade Action is a forex and CFD broker registered in Seychelles, founded on June 3, 2021, operating under the domain trades-action.com. The broker is not regulated by any known financial authority, which is a critical factor for traders to consider. According to aggregated industry data, Trade Action offers a range of trading instruments including 44 currency pairs, four metals, oil, equities, indices, and Bitcoin.
Account Types
Trade Action provides three account tiers: Premium/ECN, Standard, and Micro. The Premium/ECN account requires a minimum deposit of $10,000 and offers maximum leverage of 1:100. The Standard account has a $1,000 minimum deposit and 1:400 leverage, while the Micro account requires only $500 and offers 1:500 leverage. These account types cater to different trader profiles, from high-net-worth individuals to those starting with smaller capital.
Trading Instruments
The broker claims to offer 44 currency pairs, covering major, minor, and exotics. Additionally, traders can access four types of metals, oil, equities, indices, and Bitcoin. This range provides some diversification, though the total number of instruments is moderate compared to larger brokers.
Regulation and Safety
A significant concern for Trade Action is the absence of regulation from any recognized financial authority. The broker is registered in Seychelles, a jurisdiction known for light regulatory oversight. The FXCanary Scam Risk Score is 51 out of 100, indicating an elevated risk level. Traders should exercise extreme caution, as unregulated brokers offer no recourse in case of disputes.
Overview compiled by FXCanary from regulatory records and public data. full Trade Action review