Our Tradesniper Review Gives You the Whole Picture

Tradesniper is an intriguing platform that offers high functionality to its users. Trading futures has never been easier and more fun than with Plus500’s platform.

Read our Tradesniper Review to get a complete picture of how this platform works and how you can use it to enjoy the world of trading. Let’s start!

Tradesniper Legitimacy

Tradesniper is a platform, broker and FCM developed by Cunningham Commodities, LLC, a subsidiary of the famous Plus500. Cunningham Commodities, LLC is what it’s known as an FCM or a Futures Commission Merchant. These bodies enable people to trade in futures or options on futures, and, in return, they receive money (commission).

Cunningham Commodities is registered in Illinois, USA, and is regulated by Commodity Futures Trading Commission (CFTC) and NFA. CFTC is a federal government agency regulating the futures market, making its license one of the strongest in this field of trading.

Having said this, Tradesniper is a legitimate trading platform that you can trust. It is part of a strict regulatory framework, and its parent company, Plus500, is so trustworthy that the Chicago Bulls have it as their official partner.

Trading Assets Available

If you are looking for variety, you have come to the right place. Tradesniper allows its clients to trade in Agricultural futures, Crypto futures, Metals, FX futures, Interest rates, Energy, and Equity indices.

For each type of asset, there are many assets you can trade:

• Agriculture (corn, live cattle, soybean oil, etc.)
• Crypto (micro Ether and micro Bitcoin)
• Metals (platinum, copper, gold, and silver)
• FX Futures (Euro, Mexican Peso, Japanese Yen, GBP, etc.)
• Interest Rates (10-year T-notes, 30-day federal funds, etc.)
• Energy (crude oil, Brent, NY Harbor ULSD, etc.)
• Equity Index (S&P 500, Nasdaq-100, etc.)

The intraday price for trading in all the assets varies from the type of asset and is listed on the Tradesniper website.

Overview of Tradesniper Trading Platform: Pros and Cons

Tradesniper is a platform designed for beginners and retail clients. You can download it on Android and iOS devices, and it is rated very well on both app stores.

You also don’t have to worry about complicated user interfaces, hidden submenus, and other usability problems, as Tradesniper is a user-friendly platform where everything happens intuitively.

The platform is also jam-packed with useful features and tools that make your trading experience feel like a walk in the park. You have access to unlimited charts, more than 30 built-in indicators, risk management tools, and much more.

However, everything has its good and bad sides, and one con we want to point out about the platform is its availability. Namely, if you are an Android user, you might not be able to download the app, depending on your region.

General Trading Environment

You can fund your account and enter the Tradesniper/Plus500 trading environment in several ways. The methods they accept are:

• Debit card transfers
• Wire transfers

The best option for clients is the first on the list, as it is the fastest. Plus500 does not charge you for this transfer, and your funds become available within 48 hours. The maximum you can deposit daily is $70,000, and the minimum deposit is $100.

Wire transfers are also a valid option, but delays can occur there. When you send the funds, Plus500 processes them within 24 hours of receiving the notification from their bank.

Mobile Trading App

Tradesniper is a mobile-only app, so everything we said above about the trading platforms applies to mobile users. This can generally be a great situation, but some traders prefer the large-screen experience. So if you are one of those, the Tradesniper app might not be your favorite.

Tradesniper Demo Account

You can also participate in Plus500 trading risk-free with their demo account. Having this option is always great, especially for novices. They can get a glimpse of how trading works, what the platform offers and if that suits them and then decide if they want to start live trading with the provider.

Special Bonuses

Furthermore, you get a bonus for trading on the Tradesniper app. If you want to get it, you have to follow certain steps.

Firstly, you must fund a live trading account with at least $100 and execute at least one trade. Upon doing so, you will receive a $20 bonus, which you will see on your account on the first Tuesday after your first trade. Tradesniper also notes that your account must be “in good standing” before receiving the bonus, so keep that in mind.

Tradesniper Fees

Plus500 won’t charge you exorbitant fees for using Tradesniper; on the contrary. Tradesniper is a very user-friendly platform when it comes to commissions charged.

They charge you a standard contract commission of $0.89 and a $0.49 micro contract commission. Other fees include an event contract fee ($0.13), liquidation fee per contract ($10), and withdrawal wire transfer ($20).

Tradesniper does not charge you for market data, platform use, inactivity or routing, which saves you a lot of money. 

Education

Tradesniper also offers a comprehensive education program. Under the “Learn” tab, you can find a section filled with insightful information about futures, trading strategies, the intricacies of every type of asset they provide, futures contracts, and much more.

Stop Loss

Stop loss is one of the most valuable features in trading, so Plus500 made sure to put it in their trading platform. You get both the stop loss and take profit features with Tradesniper.

Can I Earn & Withdraw from Tradesniper?

Unlike Ayondo, Etrader, and ETX Capital, withdrawing money from Tradesniper is as easy as ABC.

Withdrawal requests are processed within one business day, and you can get your money in three ways.

The first one is a debit card transfer. The crucial thing to remember is that you can only withdraw money to a card you used to deposit money into your account. The maximum daily amount you can withdraw is $50,000, and you do not pay any additional fees.

The second method is a wire transfer. This option is less appealing than the others as it carries a $20 fee with it, but in certain cases, it can be faster.

Finally, we have an Automated Clearing House (ACH) method. You can choose this when you select “Withdraw Funds” on your account, and it generally takes them one day to process your request. The minimum amount you can take out is $50 and there are no fees associated with this method.

Customer Support

You can contact their support center if you have any questions or dilemmas or are just curious about their platform. They are available 24/7, and you can reach them at [email protected].

Trader Reviews

Trader reviews are something we value immensely because, in the end, real-life experiences give us an honest glimpse into a broker.

According to ScamAdviser, Tradesniper has a score of 87/100. They mention many positive things about the app, including the validity of its SSL certificate, the website age, the lack of malware and phishing, etc.

There were no reviews on ScamAdviser, so we decided to check the Play Store. Many satisfied clients shared their thoughts on the Android app store. One person said: “Very attractive pricing. I think I have never seen a trading platform without a platform fee and withdrawal/deposit fees. More than that, Live Data is also free.”

Another one gave the app five stars and commented: “Brilliant trading app. I have tried several, and as a beginner-day-trader, it is very intuitive to use and offers a free Demo account to get used to the app. I love this app, made by Plus500. I really do feel confident to start using the real market side.”

Long Story Short – Tradesniper

Having come to the end of our Tradesniper Review, we can conclude that this platform is the one you can trust. It shows all the signs of a legitimate business, and its owner does too.

But if, for some reason, they don’t seem appealing to you, that is okay as well. Not all traders are attracted to the same things. So contact us today, and let’s find you the right broker.

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