Pros and Cons of Definite Area

Definite Area, in a Nutshell,

Definite Area first opened its doors in March 2022, making it a newcomer to the online brokerage landscape. The broker provides two main services:

• Online trading.

• Investment plans.

The broker’s primary service is forex and CFD trading. It has built its full-featured trading platform that enables clients to trade indices, shares, forex, ETFs, commodities, cannabis, and cryptocurrencies. Trading is done on the broker’s web-based platform. There is no mobile-based or desktop-based option. Definite Area offers its services worldwide but doesn’t accept U.S. traders, like most CFD and forex brokers operating outside the country.

To begin trading with Definite Area, new clients must make a minimum deposit of €200. However, Definite Area is an unregulated and anonymous broker. There is no ‘About Us’ section on the broker’s website and no headquarters address. 

The investment plans are all geared toward assisting the broker's clients in making profits from their trading. But, what exactly do the plans include, and are they legitimate? This guide will delve deeply into all the services provided by Definite Area to assist traders in determining whether they are best suited for them or not.

Definite Area Trading Services

Let's start with Definite Area's trading services. The main service offered by the broker is providing a platform for traders to access and trade in the major financial markets.

Definite Area Trading Platform and Tools

A trading platform is one of the most important factors in online trading as it directly affects the overall trading experience. Most forex and CFD brokers opt for the industry-standard MT4 or MT5 trading platforms. Other brokers prefer to create their own trading portals, especially those who want to offer their clients additional features and regular updates. And that is the case with this broker. 

Definite Area offers its clients a web-based trading platform. The broker does not offer a mobile-based or desktop-based trading platform. The platform is simple and easy to use. But, the broker doesn't offer a wide range of platforms to cater to traders with different investment and trading styles like those who prefer mobile apps. 

The trading platform has all the necessary features for placing trades, taking profits, stopping losses, charts, etc. However, additional features like access to the market calendar, which helps traders stay up-to-date with upcoming events and daily trading signals, are only available to traders who sign up with particular accounts. So, traders who sign up with the standard account only access the basic presentation of the platform without additional embedded features. 

Traders can access the trading platform easily from any web browser, for instance, Internet Explorer, Safari, Firefox, and Chrome. 

Definite Area Tradable Markets and Products

Definite Area offers a wide range of financial instruments to all account types. Traders can access the following with Definite Area: 

• About 52 currency pairs, including the popularly traded EURUSD.

• 12 ETFs which include GLD and SPY.

• Nine cannabis

• Popular crypto and USD pairs like BTCUSD

• 19 Indices including NASDAQ and SP500.

• Individual stocks like TSLA and AMZN

• 17 commodities, including wheat and coffee.

The diverse financial instruments offer come in handy if a trader wants to diversify their portfolio. There is no need to create another account to access more products. One account is enough. 

Definite Area Trading Account Types

The types of trading accounts a broker provides determine the features a trader can access with each. Definite Area offers seven types of accounts with varying features as described below:

1. Standard account

2. Bronze account

3. Silver account

4. Gold account

5. Platinum account

6. Pro account

7. VIP account

Standard Account

The standard account is the most basic one, and the key features are:

• Personal account assistant

• Standard leverage

Bronze Account

The available bronze account features include:

• Beginner level course

• Bonus

• One insured trade

• Bronze leverage

• A personal finance assistant

Silver Account

This account comes with the following features according to the broker's website:

• Silver leverage ratio

• Company financing

• Bonus

• A standard level course

• Four insured trades

• A personal finance assistant

Gold Account

Clients who sign up for the Gold account get the following features:

• Gold leverage ratio

• Company financing

• An advanced level course

• A personalized investment strategy which includes a financial plan

• Eight insured trades

• A senior financial assistant

Platinum

The Definite Area’s platinum account offers these features:

• Bonus

• Advanced company financing

• Investment strategy and financial plan

• A calendar of market events and trends updates

• Trading signals

• 16 insured trades

• Access to mutual investment programs 

• A financial assistant

• Premium contracts

• Company financing

PRO Account

According to the broker’s website, traders who purchase the PRO account have access to the following features:

• Premium bonus

• Premium company financing

• Daily trading signals

• Pro level leverage

• Personal order notifications

• A premium investment strategy and financial plan

• Updates on market events and trends

VIP Account

The VIP account is only accessible to Definite Area traders who meet certain criteria which are not specified on the platform. Traders should contact Definite Area’s financial experts to learn more about the account. 

How To Access Definite Area’s Trading Services

Traders can access Definite Area trading services by creating an account on the broker's website. The only requirements are that a trader should accept the terms and conditions and be at least 18 years old. To start accessing the broker's trading services, follow these steps:

1. Navigate to the Definite Area's website

2. Click on the account types section and click the 'Buy' button under the account you wish to register for or,

3. Click the 'Open account' button on the top right section of the broker's website.

4. Enter the required information in the Pop-Up form. (First name, last name, country, phone number, email address, password)

That's it. You can log into the platform and verify your account or check out the platform for a general feel. 

Fees associated with Trading with Definite Area

When trading with a broker, it's important to understand all the fees charged as they affect the profitability of your trades. Traders can see the trading fees (pips value) on the right-hand section of the platform before executing a trade. The spreads for most products (indices, crypto, commodities, stocks, and ETFs) float around a pip value of 0.01 euros. On the other hand, major currency pairs like EURUSD had a pip value of 0.1 euros at the time of writing this guide.

Although the precise amount is not mentioned, traders also incur a fixed rate swap fee for trade positions that are left open after the trading session ends. Other charges that a trader may incur while trading with Definite Area is inactive fees charged on inactive accounts and withdrawal commissions when transferring funds. 

Definite Area Investment Plans

When it comes to investment plans, the broker offers its traders six types of investment plans. These plans are

1. Training for beginners

2. Secondary income plan

3. Retirement plan

4. Family plan

5. Holiday plan

6. VIP plan

Below is the details of each investment plan based on the broker's website. 

Training for Beginners

This educational course has theoretical and practical classes. The teachings of the course are aimed at helping the client acquire the necessary knowledge and skills to conduct independent and successful trading. The broker makes a bold claim of helping novice traders get to a place where they can have a stable trading income and increase profits from their independent trades. 

Secondary Income Plan

Under the secondary income plan, Definite Area promises to help clients get an extra source of permanent income. According to the broker, clients can create a secondary income starting with any amount of capital. The financial experts from Definite Area will help clients build an individual strategy that helps them invest in the right financial resources and choose vehicles of passive income. 

Retirement Plan

Under the retirement plan, Definite Area promises to help its clients solve their retirement problems by creating a financial strategy to help them achieve a permanent secondary income. Clients who opt for the retirement plan get a package including 

• Training

• Income redistribution

• Customer support,

• Examining of the insurance system.

Family Plan

The family plan promises to consider every family member's preferences, capabilities, and goals. According to the website, the broker's experts will assess the financial situation of every family member and create an effective strategy to generate profits. For this investment plan, the broker creates a financial plan and a trading account for each member who is at least 18 years old. For family members below 18 years, the broker creates a savings account within the parents' account. 

The purpose of this family financial plan is to increase the family income and wealth for each member. The broker also provides a personal manager who guides each member in executing the plan. 

Holiday Plan

For the holiday plan, Definite Area experts focus on the client's goal and financial position. Once the plan is created, the client gets automatic monthly deductions from their account into an escrow account to save for the planned holiday or any other material goal mentioned, like buying a property or a car. According to the broker, the client will not be able to spend the money before the planned time. 

VIP Plan

With the VIP plan, clients access VIP-level customer support services and new insured deals. The client's account is part of the exclusive community in which the trader can track every trade and acquire the best traders' strategies. Traders with this plan get prioritized customer support and immediate help through phone, email, or live chat options. 

Definite Area Education/ Training Programs

Under the education section of the broker's website, clients can access a glossary of the common trading terms, such as CFDs, fiscal policy, margin calls, leverage volatility, etc. There are no further education resources freely available on the website. However, the broker seems to offer educational packages based on the trading account a trader purchases. For instance, traders with a bronze account get a beginner-level course, those with a silver account get a standard-level course, etc.

Our Conclusion on Definite Area’s Services

Definite Area is an online trading broker that offers its clients access to a wider range of financial instruments and markets. The broker also provides investment plan options that are aimed at helping the clients learn how to trade and implement their trading plans with the help of Definite Areas experts.

 

While the services seem great, traders need to exercise due diligence because the broker is relatively new in the market, launching in March 2022. Also, the broker is unregulated and doesn’t disclose where the company’s headquarters are based. 

 

From the services offered by the broker, it’s safe to conclude that Definite Area:

• Specializes in offering an online trading platform with a broad asset offering.

• Provides experts who create financial plans for its clients and guide them in implementing them.

Traders who choose the investment plans should remember that not all financial advisors have your best interest at heart. Don’t just follow their advice blindly. Instead, get the advice if you need to, but scrutinize the strategies yourself before implementing. 

FAQ on Definite Area Services

Does Definite Area offer a demo trading account?

No Definite Area does not offer a trading demo account. It's unfortunate because novice traders or seasoned traders who want to know how the platform works do not get the chance to experience using a demo account and virtual money. A demo account is usually important for traders at the beginning of their trading careers to practice their trading strategies and understand the markets before investing real money. A demo account is not only for novice traders. Seasoned traders use a demo account when exploring a new service provider to understand how the platform works before taking risks with their hard-earned money. 

What are the requirements for signing up with Definite Area?

To sign up for a trading account, a trader must be at least 18 years old, accept the broker's terms and conditions, and reside in an eligible country. Traders from the United States are not eligible.

Is Definite Area regulated?

No, Definite Area is unlicensed and unregulated forex and CFD broker. Traders are not assured that the broker can face legal consequences if the company or some of its employees engage in malpractices. 

Where is the HQ for Definite Area?

Definite Area is an anonymous company meaning it does not provide the address for its company headquarters. 

Is Definite Area available worldwide?

Definite Area provides its services to clients all over the world, with the exception of certain countries that don't allow the broker to operate in their jurisdiction. These countries include the United States, which has strict regulation policies, and even some of the most established brokerage firms cannot accept United States traders. According to the country's laws, a company must be regulated by an authority in the United States to offer services to the country's residents.

What are Definite Area investment plans?

Definite Area investment plans are intended for people who want to achieve certain goals with online trading. The broker promises to help such traders achieve their goals through different plans, such as the holiday plan. Here is a list of the available education investment plans:

• A training for beginners

• Secondary income plan

• Retirement plan

• Family plan

• Holiday plan

• VIP plan.

How can I contact Definite Area?

You can contact Definite Area by email, phone, or live chat. Below are the contact details:

• Email: This email address is being protected from spambots. You need JavaScript enabled to view it. 

• Phone: +442035355844, +3197010282402

• Live chat: accessible only when logged in to the platform. 

Does Definite Area offer bonuses?

Yes, Definite Area offers bonuses to its clients with bronze, silver, gold, platinum, and pro account types. Traders who have the standard account do not receive any bonus. 

What trading platform does Definite Area use?

Definite Area offers its web-based trading platform. There is no mobile-based order desktop-based platform with Definite Area. However, the platform has the basic features a trader requires two execute trades. 

What payment methods does Definite Area accept?

Definite Area accepts payment via wire transfer, debit/credit cards, and cryptocurrency transfers. 

Is Definite Area a safe FX and CFD broker?

Definite Area is a new broker having launched in 2022, and traders should exercise due diligence when working with new brokers. That said, it usually takes several years for a company to build trust in the online brokerage landscape. 

Does Definite Area accept PayPal?

Definite Area does not accept PayPal deposits or withdrawals. Traders can make deposits and withdrawals through bank wire transfers, crypto transfers, and credit/debit cards.

What types of accounts are available at Definite Area?

Definite Area offers seven types of accounts with varying features: trading signals, leverage amount, financial strategy, number of insured trades, and access to economic events and trends updates. These accounts are

1. Standard account

2. Bronze account

3. Silver account

4. Gold account

5. Platinum account

6. Pro account

7. VIP account

Which FX pairs do Definite Area offer?

Definite Area offers about 52 currency pairs, including the widely traded EURUSD pair. 

Does Definite Area provide educational and research materials?

Yes, Definite Area provides a limited selection of educational materials and does not provide research materials. The only available educational content on the website is a glossary of the common terms and an explanation of what technical analysis and fundamental analysis are all about.

What is the Definite Area’s minimum deposit?

Definite Area minimum deposit is €200. 

What is the Definite Area withdrawal timeline?

Definite Area traders can withdraw funds any day, and the processing time is up to seven banking days. The client is informed through email or phone if there are extended delays.

What is the Definite Area withdrawal fee?

Clients May incur a withdrawal fee when transferring their funds from the trading account to their accounts, but the broker does not specify the amount charged. 

What is the Definite Area sign-up process?

Creating an account or signing up with a Definite Area is a straightforward process. Here are the steps to follow:

1. On the broker's website and click on the ‘Open account’ button on the top right section of the website.

2. Fill out the details on the Pop-Up form (first name, last name, country, phone number, email, and password).

3. Sign in to the platform using the email address and password created in the previous step.

What is the Definite Area inactivity fee?

Most brokers charge an inactivity fee which is the amount charged if a trader leaves the trading account inactive for a certain time. According to Definite Areas terms and conditions, traders can incur an inactivity fee. But the exact amount and duration under which the account is subjected to the fee are not mentioned. 

Does Definite Area offer NASDAQ? 

 

Yes, Definite Area offers NASDAQ.