Crypto Frontline

If you are looking for a trading broker that matches your requirements, you may want to check out Mentortrades, as the brand claims they offer a platform for traders of all levels. In this in-depth review, we evaluate some of the most important aspects of working with this company, helping you to make a well-informed decision about whether it is a suitable trading partner in your financial pursuit.

About Mentortrades

The information provided on the About Us page shows that Mentortrades’ mission is to empower clients through strategic trading. They manage to achieve this goal by delivering an innovative and accessible trading platform and building traders’ confidence while approaching financial markets. 

We particularly liked their concise daily newsletter, which aims to help participants navigate the volatile crypto landscape. We feel confident about their expertise and credibility because they are trusted by top decision-makers at leading brands like Coinbase and Binance. Moreover, users can track and connect through a vast network of over 500 integrated exchanges, wallets, and blockchains. 

Marketplace

The firm has a broad selection of instruments to explore. To be more specific, you can access over 3500 markets across a range of asset classes to trade with Mentortrades, including forex, metals, stocks, crypto, indices, energies, commodities, and ETFs. Whether you are a professional trader or a new one just starting, there’s something for everyone here. 

Additionally, you have the option to trade physical stocks as well. This enables traders to own a piece of the companies they believe in directly whenever they want. 

Withdraw funds

Mentortrades is committed to providing its customers with a transparent and efficient withdrawal process. The policy on the website is written in an easy-to-understand way, letting traders from various backgrounds access their funds simply by following the guidance offered.

We also appreciate their emphasis on security. Withdrawals are only permitted to accounts with the same trading account holder’s name. This helps to protect traders from fraud and money laundering activities.

Five business days for the payment to be processed is standard. However, it’s not always that timeframe; it would vary depending on factors such as withdrawal amount and payment method. To have a streamlined withdrawal experience later on, you must complete the requirement for verification procedures upfront.

Pros and cons

Pros

• Diverse asset range
• Real-time market data
• Easy steps to open a trading account
• Various account types
• Educational materials
• Dedicated customer service
• Good variety of funding options

Cons

• No free demo accounts to practice trading
• Lack of live chat option

Summary

After conducting a comprehensive Mentortrades broker research, we can say that it is a promising trading band for most traders out there. The registration process is simple, trading products are varied, the withdrawal policy is fair and transparent, and the site is available in German and English. However, those who aren’t fluent in these two languages might experience difficulty while using the site. For more information about the features and resources provided, don’t hesitate to visit the official website.