1000 Extra Review Scam Complaint
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The offshore broker 1000 Extra provides many account types to its traders. The trading provided is without any commission. The minimum deposit of $1000 is required to open an account with this broker this is considered high.
The spreads offered depends upon account types and ranges between 2.0 pips to 1.0 pips on prime FX pair of EUR/USD. The provided spread is not competitive. Follow this review for further details.
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About 1000 Extra:
The FX broker 1000 Extra is situated in Saint Vincent and Grenadines and owed by the firm name 1000 Extra LTD. The website also showcases Televiv based contact information. The trading instruments cover from FX pairs, Metals, Natural Gases to shares and bonds. All the trading activity is done on the most trusted MetaTrader platform. The SVG based nature of this broker is considered grayish as the forex broker registration process is very easy and the government of SVG does not oversee its operations. The offshore nature of any broker is avoided by the brokers and it is the general rule of the market. Traders must trust regulated brokers for the safety and the security of their funds.
The main attraction of 1000 Extra is its MetaTrader trading platform. The platform can be assessed by desktop, web and mobile versions. Also, MetaTrader is designed in a such a way that it can be handled by new and advanced traders.
The MetaTrader includes several helpful options to meet trader’s requirements and for trader’s profitability like charting, indicators, Expert Advisors, and back-testing.
The payments can be made by two simple payment methods to this broker via bank transfer or using cards. Unfortunately, popular e-wallet provider like Skrill is missing and raises further suspicion about this broker, as the Skrill has adopted new anti-scam policies.
Is 1000 Extra a scam or legit?
The broker is offshore SVG based. The SVG islands based brokers are known for being scammers. The status of this broker is not regulated and is worrisome. The spreads are unattractive and the minimum deposit is high. The website of 1000 Extra misses on terms and conditions section. In total, this broker can be a potential scam broker and advised to avoid it strategically.