Traze Forex broker review — Everything you need to know

Traze is the company’s trading and brand name, and the company Zeal Capital Market (UK) Limited is a company registered in England and Wales. Despite being from the UK, it is not regulated in the United Kingdom. The broker offers several account types and enables traders to access diverse markets. Below is a brief review of this broker and an evaluation of all of its services.

Below, we will analyze Traze’s accounts, platforms, trading costs, customer support, profit withdrawal policies, and more. After reading this review, you will define whether Trazer can be trusted.

Traze Overview of the website

The website of Traze is very modern in design and offers the ability to navigate around very quickly. It has lots of media built in, including audio files with radio-like features for traders. While there is too much media on the main page, it does not feel overcrowded with unnecessary information. Many things are offered transparently, like spreads and deposit requirements, which are crucial to conveniently define the trading environment.

The menu is very well-ordered,d and traders can navigate around easily to find all crucial details about various trading services and customer support. However, there were still minor inefficiencies detected, which we will describe in more detail later.

The live chat is directly built into the website, which makes it comfortable and fast to contact the broker support personnel and resolve any issues at hand. The website is available in three different languages.

Traze Safety and Licenses

Safety is the number one concern when analyzing broker features, because there are lots of scams in the industry. Traze is a regulated broker, but it is overseen as a Securities Dealer by the Financial Services Authority of Seychelles (FSA). Seychelles is an offshore jurisdiction, and it is not as strict as reputable regulators in the UK and other countries. Despite this, the broker still provides basic safety features because it is a licensed broker.

The FSA requires brokers to use segregated bank accounts, ensuring client money is on separate accounts and protected. Traze does offer negative balance protection, meaning your account won’t go below zero, and you shouldn’t owe money beyond your deposited balance. This is stated in Traze’s fund protection/security information on their site. This is an important policy for beginners who often abuse high leverage and blow their accounts. If they do so with Traze, they won’t become liable for losses beyond their account balance.

Traze Accounts Reviewed

The broker has three accounts on its website, but actually offers two. There are ECN and Standard accounts available. The standard account is for general forex trading purposes, while ECN offers lower spreads.

Traze Standard Account

The standard account offers a commission-free trading experience. Here are all its important conditions:

• Minimum deposit – 50 USD
• Maximum leverage – 1:2000
• Spreads – From 1.3 pips
• Commissions – 0 USD
• Minimum lot size – 0.01 lots up to 50 lots

Traze ECN Account

• Minimum deposit – 200 USD
• Maximum leverage – 1:2000
• Spreads – From 0.2 pips
• Commissions – Unknown
• Minimum lot size – 0.01 lots

As we can see, the accounts are mostly competitive, but minimum deposits are still very high, because there are many reputable brokers in the industry offering much lower standard accounts. The broker mentions a cent account on its website, but provides little to no details about its conditions, which makes us think they no longer offer this account type to traders.

Deposit and withdrawal options at Traze

The broker allows traders to use several payment methods for both deposits and withdrawals; here are all the supported payment methods:

• International bank transfer and local bank transfers in some regions
• Credit/debit cards (VISA/Mastercard)
• E-wallets like Skrill, Neteller, and Perfect Money

Traders have to withdraw to the original payment method up to the deposited amount; profits go back to your bank account, which is standard in the forex industry. Minimum withdrawal is typically around $15 and varies by method. Most deposit methods are instantly processed, while withdrawals will take up to 3 working days. In the end, this is standard conditions in the forex trading sector, and the broker is on par with most brokers.

Traze Assets — What can you trade?

When it comes to trading assets, Traze is a multi-asset broker that enables traders to access forex pairs, commodities, indices, shares, and cryptos. This is very advantageous for traders who want to speculate on multiple instruments at once. Trading conditions are better on the ECN account, while the standard account is slightly more expensive. The leverage is up to 1:2000, which is more than enough to control large position sizes, and the broker offers negative balance protection, making this leverage a very good offering.

Trading platforms of Traze

Traze enables traders to choose between advanced platforms, MetaTrader 4 and MetaTrader 5. Both of these platforms are very advanced offering support for custom indicators and Expert Advisors for algorithmic traders together with plenty of built-in tools. Mobile trading is available via the MT4 and MT5 mobile apps, accessible on both iOS and Android, and even Huawei devices.

Education at Traze

When it comes to trading education and learning materials, Traze falls short as it does not offer webinars, trading articles, or video guides. There are very basic introductions on each trading asset but it can not be used as a proper trading education. The broker also lacks trading competition and other promotional events, which is also a drawback. There are some tools like trading calculators and economic calendars offered, which are mostly useful for experienced forex traders.

Traze Customer Support

Customer support at Traze is satisfactory as the broker offers live chat, email, and phone channels. This is crucial as both live chat and phone support are important in forex trading. While live chat is the quickest support option, you also need phone support when internet issues are present to ensure you can call the broker and close all open trades whenever necessary.
The broker is not multilingual as its website and support are only available in 3 languages. `

Traze bonuses and promotions

There are no bonus promotions available at the moment at Traze, which is a minor drawback. There are no other promotional events available and the extra features list is also very limited. There are copy trading centers and signal centers available, and that’s it. Copy trading enables traders to automatically replicate other traders’ systems, and signals are a manual way to trade the markets, where traders can get signals from other traders.

Is Traze your broker? Final verdict

Traze is a young forex broker (founded in 2023) offering MT4/MT5, high leverage up to 1:2000, and basic safety features like segregated funds and negative balance protection. While trading conditions are competitive, regulation is offshore (FSA Seychelles), and education is limited; and transparency on some account details could be better. Overall, the broker might be Suitable for experienced traders who understand the risks of high leverage, but much less ideal for beginners seeking strong regulation and learning tools.

FAQs on Traze broker

Where is Traze based?

Traze operates under Zeal Capital Market (UK) Limited, registered in England and Wales, but it is not regulated in the UK. It is regulated by the FSA of Seychelles.

Can you withdraw from Traze?

Yes. Withdrawals are available via bank transfer, cards, and e-wallets. Funds are sent back to the original payment method (up to the deposit amount), with profits to a bank account within 3 working days.