Review summary
Silver trade is a Hong Kong-based forex broker with 2-5 years of operational history. The entity operates without any valid financial regulatory licenses for forex trading and is described as having a suspicious business scope, which presents a significant lack of oversight and client protection. Its trading offering includes multiple account types, such as Platinum, Gold, and Silver, with minimum deposits ranging from $250 to $1000. The Platinum account offers leverage up to 1:100, supports Expert Advisors (EAs), and allows scalping, while all accounts feature a minimum trade size of 0.01 lots. The broker has a very low overall WikiFX Score of 1.35, which reflects its unregulated status and high-risk profile. Prospective traders should be aware of the inherent risks associated with engaging with a firm that lacks credible regulatory supervision. Note: Regulatory status, trading conditions, and risk assessments may vary by jurisdiction. The WikiFX score reflects currently available information.Please verify all entity details independently before trading. (Updated: 2026-03-20)
