NiroTrade Review

RankBrokers.com Score: 9.6

4.9/5

We recently checked out NiroTrade, following several requests by RankBrokers users. NiroTrade is one of the best registered brokers that we’ve seen this year, with a choice of 6 account types, and a superbly designed trading platform that delivers real time prices and price alerts. The dynamic trading experience is backed up by strong site security and a genuinely helpful 24/7 customer service team. 

Customer Service

We contacted customer service at NiroTrade on 3 separate occasions. Once to ask about account types, once with a question about the trading platform, and finally with a query about how to withdraw money. We were able to confirm that the service really does operate 24/7 and that the staff is well trained and professional. They have a detailed knowledge of the platform and the account management systems and are ready to help. It’s definitely worth asking about free upgrades, trading tools and 1 on 1 training.

Regulatory Supervision & Licensing

NiroTrade is a registered brokerage that works successfully to protect its traders. They have a Comodo SSL security certificate, safeguarding the site and platforms against cyber crime. Trading is conducted at real-time market prices using segregated accounts. Our experience of the brokerage is that they are on a par with major online banks when it comes to client security.

Support & Investment Security

NiroTrade takes client security very seriously and is obviously a brokerage that wants to build long term partnerships with its traders. One of the first things we saw when we visited the site was the Comodo SSL security protocols and NiroTrade’s tough privacy policy. All traders are guaranteed segregated trading accounts (this applies to all 6 account types) and the customer service reps and personal account managers are proactive when it comes to looking after trader security. The brokerage is registered and meets IFSC standards. Our security expert checked out NiroTrade’s systems carefully, and gave them the highest rating.

Funding Systems

NiroTrade is about average when it comes to payment methods. On the plus side, their account management is efficient. They carry out their part of each transfer very quickly and allow easy withdrawals.

  • Wire Transfer
  • Visa Credit/Debit Card
  • MasterCard Credit/Debit Card
  • Bpay

Main Products & Markets

We spent a few days trading on NiroTrade’s proprietary platform and were pleased by their wide range of financial products. The asset index has just about every forex pair that we’ve ever heard of and a great choice of cryptos. We quickly added some high performance energies and precious metals to our new portfolio and balanced it with more stable stocks and indices. NiroTrade told us that they will be adding even more asset classes in the near future.

Advantages

  • 6 account types and free demo account. 
  • Good education center with VOD trading tutorials, ebooks, courses and webinars.  
  • Strong analysis tools: Daily videos, Calculators and Economic calendar 
  • Trading reports for better performance review
  • Social Trading feature that brings non-stop opportunities 
  • Fixed spreads

Disadvantages

  • Canadian and American traders are not permitted to register
  • NiroTrade could benefit from more payment methods
  • There are currently few major promotions

Summary

NiroTrade is an outstanding broker that is on its way to becoming a really big name in the forex world. We loved the advanced platform features, including the heatmap, and price alerts. They also have effective indicators like Bollinger bands, MACD, moving average, patterns, Japanese candles, pivot points, market trends and multi time frame charts. The tools and features gave us total control of our own trading and all the info and data to implement advanced strategies. Otherwise, we felt very confident with the level of security at NiroTrade and were impressed by the friendliness and professionalism of the customer service and account managers.