TradeFW Review – What to Expect from this Broker?

TadeFW Broker Review

9.3

TRADING PLATFORM

9.5/10

EDUCATION

9.3/10

ASSET INDEX

9.0/10

ACCOUNT MANAGEMENT

9.2/10

CUSTOMER SUPPORT

9.4/10

Introduction

TradeFW logoAs the pandemic has wreaked its havoc across the world, the global economy is struggling, which means a lot of people have found themselves in dire financial situations and are not even remotely close to the financial security they are seeking. You can find a number of investment opportunities available, but none of them are offering enough returns to make them a viable option. You obviously don’t expect to get millions overnight, but they should be enough to make the investment worthwhile. Therefore, it is not surprising that given the conditions, people are searching for opportunities offering reasonable returns and not requiring too much effort on your part.

Trading is the right answer in this situation, as the financial markets are laden with money-making opportunities for everyone who is ready to invest. Yes, these markets have existed for a long time, but the problem was that accessing them wasn’t as straightforward as it is today, and this is all because of technology. Today, everyone can access these markets and tap into the numerous opportunities that exist, which can help them in achieving their financial milestones. You will find a ton of trading instruments available in these markets, which means you will not run out of opportunities to explore.

If you don’t mind taking risks, you will come across some volatile instruments and even if you have a low risk tolerance, you can still find instruments accordingly. The best thing about trading is that you don’t need to have any prior experience to get started. Even if you are new to the world of trading, don’t know how these markets work, and don’t have any in-depth knowledge, you can start trading because there are no such prerequisites to fulfill. It doesn’t matter whether you are experienced or new, you can dip your toes in the world of trading, but to be able to do that, you first have to find a broker.

find a broker

Who are they? These are companies that have been established for the sole purpose of assisting traders in accessing the financial markets for trading the instrument of their choice and have access to the right platform and tools. Since the popularity of online trading has surged, so has the number of brokerages for keeping up with the growing demand. Suffice it to say, you will not be short of options when you make up your mind to trade and start searching for a broker.

But, you have to bear in mind that the real challenge is going over the hundreds of options to find the one broker that will be the right fit for you. Every company is different and even if they offer similar services, there will be some differences between them. It is your job to dig into it find a brokerage that’s trustworthy and capable of delivering the services you expect. This is essential because the right company ensures that you are able to trade without getting stressed and can concentrate on your trading. Amongst the various options that exist in the market, there is one known as TradeFW.

Before you think anything about the company, it is recommended that you find out what they are offering, so you know what to expect from them. TradeFW was founded in 2018 by iTrade Global (CY) Ltd. The European CFD broker is operating out of Limassol, Cyprus and it is important to note that it is a regulated firm, so it complies with international standards when it comes to security, pricing and transparency. What should you expect from a company like this? Let’s find out:

TradeFW Review – At a Glance

Broker TradeFW
Website https://www.tradefw.com/
Trading Accounts Standard, Gold, VIP and Professional
Minimum Deposit $250
Assets Coverage Forex, Stocks, Indices, Commodities and Cryptocurrencies
Trading Tools Charting and technical analysis tools, trading indicators, price quotes, negative balance protection, risk management tools and Expert Advisors (EAs) for automated trading
Education and Training Yes
Customer Support 24/5 customer support via email and phone number
Security Policy AML (Anti-Money Laundering) and KYC (Know your Customer) policies, Investor Compensation Fund (ICF)
Parent Company iTrade Global (CY) Ltd.
Regulation Cyprus Securities and Exchange Commission (CySEC)

TradeFW Video (click play to view)


TradeFW’s Regulation

Before you look at anything else, knowing the regulation status of a broker is recommended because this can help you decide whether you should move forward and look into other offerings, or look for a different option altogether. There are regulated and unregulated brokerages that exist in the market and a lot of people will be tempted to opt for those falling in the latter category because of their offerings. As they are unregulated, they try to attract clients by offering them various features, low pricing etc., but they are unsecured and reliable.

Since they don’t fall under proper regulation, they can come up with any policies they deem fit, which may not be fair or transparent. On the other hand, regulated brokers are those that are supervised by an independent organization and have to follow proper guidelines, rules and policies that are designed to protect the company as well as its clients in the best possible way. As stated above, a company based in Cyprus founded TradeFW, so it is understood that it falls under the regulatory span of the Cyprus Securities and Exchange Commission (CySEC), which is one of the most renowned regulatory authorities in the world.

Hence, you will automatically be reassured that TradeFW is a legitimate and reliable brokerage, or else it wouldn’t have managed to pass the stringent checks imposed by the CySEC before it is regulated. In addition, CySEC regulation also makes the company compliant with MIFID II (Markets in Financial Instruments Directive), which refer to the set of rules for investment companies in Europe in order to protect consumers’ interests. Moreover, regulation by the CySEC also makes TradeFW a member of the Investor Compensation Fund (ICF), which is like an insurance scheme for traders who sign up with the company.

In the event the brokerage goes bankrupt or has to stop offering its services for any other reason, all traders will be compensated and they will not have to worry about losing their investment in any such circumstance. The only losses they need to worry about are the losses in trading.

TradeFW awards

TradeFW’s Financial Instruments

Now that you understand that TradeFW is regulated, your attention should now shift towards the financial instruments that they are allowing their clients to trade. It is necessary for a trader to take a look at this aspect, especially if you are after a particular instrument or have any preference. In that case, you want to ensure that the instrument you want is available, or else you can look for a different company. Even if you don’t have a particular instrument in mind, knowing the options is a good idea because you want to make sure that diversification is possible for you. After all, diversification can help traders in minimizing the possibility of losses and maximizing their returns.

This can only happen when you have a wide array of financial instruments to invest in and it is something that TradeFW has offered to its clientele. As it is a CFD (Contract for Difference) brokerage, you don’t have to buy any instrument physically and can simple trade contracts based on the said assets and buy and sell them according to their price movements. You can find CFDs on a number of instruments, which gives you enough room to diversify. More than 170 instruments are at your disposal and they belong to different financial markets. Let’s look at the leading options available:

Forex

The first market you can access on TradeFW is none other than the foreign exchange market, which is recognized as the world’s largest one. You will come across more than 45 currency pairs for trading, which are divided into categories like major currency pairs and minor currency pairs. You will even find some exotic currency pairs available. The list of currency pairs that you will find here include USD/CAD, USD/JPY, EUR/USD and GBP/USD, amongst others.

Indices

One of the most lucrative markets in the world is that of indices, which provides you access to some of the world’s top indexes. This is a good option for traders who prefer the big picture option rather than making small investments. The indices that are available include NASDAQ, Dow Jones, FTSE 100 and S&P 500.

Stocks

The stock market is the first thing people think of when they are talking about trading, as it is one of the oldest financial markets in the world. Therefore, TradeFW has made sure that its clients can get access to this market and can invest their money in some of the most renowned companies in the world. You can opt for companies like Google, Apple, Netflix, Microsoft, Amazon, Aurora, PayPal and Facebook. In fact, they have even added some Italian options like ENI, Unicredit and Fiat. There are also cannabis stocks that are not provided by many brokers in the market.

Commodities

To cater to traders who do not want very volatile and risky financial instruments, the option of the commodities market is also included. This comprises of products that are known for generating consistent returns because of their steady demand. These include precious metals, such as gold, silver, platinum and copper, energies like Brent crude oil and natural gas, along with agricultural products, such as wheat, corn, coffee and soybeans.

Cryptocurrencies

Even if you are completely new to the trading world, there is a good chance that you have probably heard about cryptocurrencies, as they have become a global phenomenon. They are one of the most popular financial instruments these days, so TradeFW has also added them to their list of offerings to help traders in expanding their investment portfolio. You can find cryptocurrencies like Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash for trading.

Plus, you can also opt for exchange-traded funds (ETFs) that have also been added to the mix and you are free to diversify according to your risk appetite and capital.

TradeFW’s Trading Software

The trading software is the most vital feature of any brokerage because it is what makes them necessary for getting started in the trading world. If there is no software, how else will you be able to connect to the financial markets, monitor the activities and open and close trading positions? The trading platform, as it is known, provides you with this capability, along with the features and tools that are also part of the process. This is an offering only brokers can provide and it needs to be up to the mark in order to do its job the right way. Since every company is different, their trading platform will also vary.

One of the most renowned trading softwares that exist these days is none other than the MetaTrader4. The MT4 trading platform is hailed as the standard amongst platforms because it has the right technology and features that can deliver an optimal trading experience for everyone. Moreover, it is also user-friendly, thanks to its intuitive interface, which eliminates the problem of a learning curve for those who are new to the trading world. As TradeFW is well-aware of the role of the MT4 in the market, they have opted to incorporate it into their own offerings.

At TradeFW, traders are given the option of accessing different forms of the MT4 trading platform and can opt for the one that seems the most suitable according to their needs. The first option they can explore is the traditional MT4 desktop, which requires a couple of steps to download and install on your PC. As mentioned earlier, the user-interface is highly intuitive and the trading platform is powered by next generation technology, allowing it to offer one-click trading and instant trade execution. There are different customizable features that are also provided, including different order types, navigator window, trading indicators and charting and analysis tools.

The platform also comes with Expert Advisors (EAs), which are useful for automated trading. But, if you don’t want a downloadable platform, TradeFW gives you the option to choose the MT4 WebTrader, which is accessible through their website, so there is no installation required, whatsoever. You can use it on any device that supports a web browser because you just need to log onto their website to be able to access it. This makes it a flexible and simple option for traders and it is also equipped with tools and features, including trading indicators, one-click trading, real-time price quotes, technical analysis tools, multiple order execution, account history access and interactive charts.

If you are looking for more options, you will be pleased to know that TradeFW has accommodated modern traders by offering them mobile trading solutions they can use for trading on the move. MT4 mobile apps are available, which are designed for both iOS and Android platforms and they have a responsive user-interface to simplify the trading experience. The apps offer layouts that can be fully-customized and allow automated trading as well. You can also benefit from fast execution speeds, trading analysis, a full set of trading and execution orders, multiple screens, a charting package and price quotes in real time. With these apps, you can trade from anywhere and anytime and have control over your trading account at all times.

TradeFW’s Account Options

It doesn’t matter which broker you opt for, all of them require you to open an account with them if you have decided to use their platform and trading services. It is also the norm for these companies to offer different account options because they are aware that no two traders are the same. Offering a one-size-fits-all approach doesn’t give much results here because the risk appetite, experience and the budget of every trader will vary. Hence, it is better to come up with a number of account options to cater to these different types accordingly.

When it comes to TradeFW, you will discover that this brokerage is offering its services to traders all over the globe and regardless of their background. They are not catering to a specific class of traders and welcome people from all walks of life, so they have incorporated several account options in order to do so. Take a look at these options below:

Standard

As there are a lot of people who are new to the trading world and are taking their first step, the Standard account has been developed by TradeFW to cater to them. A wide array of instruments can be traded from this account and the spreads start at 2.7 pips. The maximum leverage offered in this account is 1:30 and the contract size starts at 0.01. Traders are given customer support access 24/5 and hedging is also permitted in this account. Plus, you will be able to access daily analysis and educational materials for polishing your knowledge and can get guidance from an account manager.

Gold

Those who fall under the category of beginners or intermediate traders, with some experience and knowledge, will find that the Gold account is a good choice for them. The spreads for this account begin at 2 pips and it offers the same leverage as the Standard account, along with other features. The difference is in the contract size that starts at 0.05.

VIP

Skilled and experienced traders have different expectations and requirements, so TradeFW has come up with the VIP account option to fulfill these. The spreads in this account are cut down to 1.7 pips to offer these traders with more incentive and the contract size begins at 0.1.

Professional

The last account option provided by TradeFW is referred to as Professional and the category of traders it targets is obvious from its name. The spreads for this account also begin at 1.7 pips and the minimum contract size is same as VIP. But, the biggest change this account offers is that in leverage as traders can go as high as 1:500, allowing them to make bigger and riskier trades.

TradeFW’s Payment Options

In order to start trading, you will have to make some investment upfront, as financial instruments have to be bought before they can be sold for a profit. When you open a trading account with TradeFW, you will be asked to deposit funds so you can trade and in order to do so, you have to look at the payment options that the company is offering to you. There are three currencies that are supported on the platform; USD, GBP and EUR. When you want to get started, you should remember that at least 250 has to be deposited in your chosen currency, as it is the minimum deposit requirement.

It is possible for traders to use other currencies like Singaporean Dollars, Canadian Dollars and even Australian dollars, but they will be converted into USD or EUR and this means conversion charges will have to be paid. TradeFW allows you to use a range of debit or credit cards for making your deposits and withdrawals, such as Visa, Maestro and MasterCard. There are e-wallets that are supported on their platform, such as Skrill and Neteller. Bank wire transfers and SEPA options are also provided on this platform. With cards and e-wallets, both deposits and withdrawals are relatively quick.

But, bank wire transfers can take the longest, anywhere between 3 to 5 working days, for transactions to be processed. TradeFW has also added other options, such as Trustly and Sofort. Depositing through these methods takes 1 to 2 business days, while withdrawals are made on the same business day. As far as commission is concerned, you don’t have to pay anything when making deposits. There are some charges imposed on withdrawals, but these depend on the method you are using.

Conclusion

You will also find that TradeFW has added top-notch customer support for its clients to answer their questions and satisfy them as much as possible. Learning and educational materials are available, and they are provided with a safe environment, in order to trade successfully in the financial markets.

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