If you need any help or have a question you need to be answered, you can contact Traze support in the following ways:
- Email: cs@traze.com
- Live chat
The United States is home to many of the world’s largest companies and the two largest stock exchanges, the New York Stock Exchange and the NASDAQ. Many traders are interested in trading or investing in US-listed companies.
With a Traze trading account, you can trade shares in US companies using contracts-for-difference (CFDs) with leverage on the MetaTrader 4 platform.
Traze is not a stockbroker, so we do not buy or sell shares. We are a CFD broker, so we offer the ability to enter positions using shares as the underlying asset. When you close a position, it is settled in cash.
CFDs are better for short term speculation and day trading strategies, whereas buying shares is more appropriate if you’re planning to own them for several months or years.
What’s the difference between trading CFDs and buying shares?
The main difference between investing in shares and trading shares using CFDs are:
- Using leverage, you can trade more with less money. Using leverage to open larger positions enables you to amplify your profits and losses.
- With CFDs, you can go long or short, meaning you can speculate on the price going up or down. When you invest in shares, you can only profit from the share price increasing.
- Profits from trading CFDs are settled instantly, whereas if you buy shares from the stock market, it can take a couple of days until funds are available to withdraw.
- Buying shares can be more expensive because of brokerage commissions and fees for market data, clearing, and custodians.
If you’re ready to open a trading account with Traze, you’ll need to register, select the type of account you want to open and provide some documents to verify your identity. Opening a Traze account is quick and easy, and this article will guide you through the process.
Register
To start the registration process, you need to click the “Open an account” button at the top of the page. Then, you’ll be directed to the registration page, where you enter your name, phone number, email address, which needs to be verified and create a password to secure your account.
Choose an account type
Next, you’ll need to select which trading account type you want. Traze offers three account types. Each account is tailored to meet the different needs of traders:
- Standard STP trading account: This account lets you trade without paying commissions. Instead of paying commissions, you’ll notice slightly higher spreads; spreads start from 1.3 pips. STP stands for straight-through-processing and implies orders are sent directly to external liquidity providers.
- ECN trading account: This account offers the lowest spreads possible. Spreads can be as low as 0.2 pips; however, a commission is charged for executing orders.
Sign in
Once you’ve registered and chosen your trading account, you can access the MyTraze personal zone, where you can manage your trading accounts, funding methods, transfer balances and manage your personal information.
Verify your identity
We need to verify your identity when you open an account with us. While you’re signed in to MyTraze, you can begin uploading your identification documents. In the navigation menu, click “Personal Information” and then select “Document Verification”.
To do this, you’ll need to provide valid proof of identity and proof of residence. To verify your identity, you can use your national ID card, driver’s license or passport. To prove your place of residence, you’ll need to upload a recent utility bill or bank statement that isn’t older than six months.
Verify your bank account
We need to verify you have a bank account to ensure we can return your deposit and profits without any problems. In the navigation menu, click “Personal Information” and then select “Payment Verification”.
Please enter the information about your bank account and upload a copy of your bank statement, which must not be older than six months.
If you used a bank account statement to verify your proof of address to verify your identity, you should verify the same bank account at this stage.
How long does it take to approve an application?
Under normal circumstances, our specialists will review new verification requests within 24 business hours.
If you’re new to trading, you’ve come to the right place. The Traze Academy has been developed to help every trader, no matter your experience level. We’ve taken extra care to ensure newcomers have reliable and helpful information they can depend on without paying a penny. Browse the Traze Academy to discover webinars, articles and a helpful glossary.
If you’re new to trading, it’s strongly recommended to practice on a demo account rather than potentially risk losing money. Demo trading accounts are designed to mimic live accounts specifically for traders to practice.
To install the Traze MetaTrader 4 terminal, you’ll need to download the application on your Windows PC. Just click this link to begin downloading:
Next, run the .exe file once the download process has been completed. When launching the program for the first time, you will see the login window. Enter your live or demo account login credentials to access your account. If you don’t already have an account, register for one here.
System Requirements for MT4 for Windows
| Minimum | Recommended | |
| Operating System Requirements | Microsoft Windows 7 or newer | Microsoft Windows 10 – 64-bit version |
| Processor (CPU) | 1 GHz or higher | Intel Core i5 or higher |
| RAM | 512 MB | 8GB or higher |
| Storage | 50 MB | SSD Hard Drive |
| Internet Connection Speed | 36.6 Kbps | 1Mbps or higher |
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