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Updated Review of TradingBanks Forex Broker

Broker's website is down and out of business

Possible scam alert from various internet resources and traders' reviews

December 31st, 2015:  The BVI FSC has issued an Advisory Warning against  The company falsely claimed to be headquartered in the BVI.

Reviewed broker: TradingBanks

Operated by Grizzly Limited

Established in 2015

Location: Belize

Regulation: no

Note: another forex broker that is operated by the same company is MXtrade

USA traders: accepted

Trading instruments: forex, commodities, CFDs

Maximum leverage is up to 1:400

Account types: regular, silver, gold, platinum

Demo account, available, but limited for 15 days

Minimum deposit requirement: $250

Spread types: fixed, floating

Typical fixed spread starts from 3 pips

Average floating spread starts from 1.2 pips

 Minimum trade size: 0.01 lot

Scalping: allowed

Hedging: allowed

One click trading: yes

Automated trading: available

Margin call level :50%

Stop out level: 25%

Currency pairs: 52

Trading platforms: Metatrader 4, TB WebTrader

Advanced charting: available

Social trading: yes, with copy trading features

Pre-built expert advisors: available

Payment methods: Wire Transfer, credit/debit cards, webmoney, skrill, paysafe, yandexmoney, moneta, unionpay (china).

VPS for traders: available for free for deposits higher than $20,000

Customer support: email, phone, live chat