TradeFW Review

TradeFW Broker Rating

Overall Rating

4.1

Summary

TradeFW follows all guidelines and rules that are developed for regulated brokers, creating a safe trading environment where traders can have peace of mind. They also offer competitive trading conditions, ensuring that traders have a good experience with a solid and innovative platform.

https://tradefw.com/

TradeFW Review

Thousands of people all around the globe are struggling with financial problems in the light of disastrous economic conditions. It has become more difficult than ever for people to make ends meet and maintain a stable lifestyle due to increase inflation and unemployment and no additions in income. Obviously, you don’t want to be trapped in this vicious cycle and want to find an alternate way to earn maximum returns, especially on your savings. The interest rates offered by banks are no longer enough to give substantial returns and with shortage of jobs, earning more money has become difficult.

So, where do you invest your money to earn quick yet maximum returns? The best thing about the world today is that it is a digital one. In the last few decades, there have been a lot of changes and you can now look for earning opportunities online when you are short of money. In fact, you can even find part-time opportunities that enable you to carry out your 9-to-5 job and earn money on the side. Trading is one such option that can be explored. Even though it is certainly not a new concept, it has gone digital with technology due to which it has gained a lot of popularity these days.

Joining the trading world has become a breeze for everyone, as they don’t need to have any experience, qualification, degree or anything else. Even if you have absolutely zero knowledge and background, you can still start trading and no one will stop you. But, you do need money to begin. You shouldn’t be daunted by this fact because even a small sum would do. The financial markets do let you earn millions, but don’t demand you to invest an equal amount in order to do so. As trading is now done online, you don’t have to put up with a lot of restrictions.

The greatest advantage is that you no longer have to step out to begin and can do it right from your home or your office. To access the financial markets, you will need to find an online broker. Brokers are still an important part of the trading process because they help you connect to the markets, provide you with the platform and other tools that are needed. As online trading has gained popularity and exposure, the number of brokers in the market has also doubled to keep up with the increase. Thus, when you start searching for a broker, you will be presented with plenty of options.

However, it is vital to remember that ‘finding’ a broker is not what is important. Sure, you need a broker to give you what you need, but this doesn’t mean that you can just pick any one broker out of the crowd. Your priority should be to look for a trustworthy, safe and reliable broker that can provide you a good trading environment. Not all brokers are created the same and have the same wealth of experience. Some are completely new in the market like yourself and there are also those that only take on a specific category of traders like professional traders or beginner traders.

Your goal should be to find a broker that can fulfill your needs and has the services, features and tools needed for doing so. As long as you are thorough in your observation, making the right choice will not be so difficult. In the sea of brokers, you will come across a European forex and CFD broker named TradeFW. They only joined the trading market in May, 2018 and have obtained their trading license in Limassol, Cyprus, where they have their headquarters. iTrade Global (CY) Limited established this brokerage to cater to global traders due to which their website is available in several languages. These include English, German, Dutch, Italian, Arabic, Spanish, Russian and Swedish.

It hasn’t taken TradeFW long to earn a name for itself in the trading market and this is because of several reasons. The only way to find out is by looking into their offerings and studying them carefully. Let’s get started:

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)

An array of assets for trading

The most prominent aspect of any brokerage that can help it stand out in the market is their asset offerings. These days, even the most novice of traders understand that the key to making maximum profits in the trading markets is to diversify your investment. In order to be able to do so, you have to have access to a range of instruments that belong to different financial markets. In this regard, you will not find TradeFW lacking at all.

As mentioned above, they are a forex and CFD broker, which means not only do you get to trade in the forex markets, but you can also trade an array of CFDs that belong to different asset categories. CFD (Contracts for Difference) trading allows you to make profits based on the prediction of price movements and doesn’t require physical purchase of any asset. This makes it easier for the brokers to offer variety to their clients and TradeFW has done so. You can find more than 170 options to choose from when you opt for this broker. Some of the financial markets that you can trade in are:

Stocks: The concept of trading has been associated with the stock market for decades and there are numerous people who have made their fortunes in this market. The broker allows you to invest in stocks of some of the top companies in the world, such as Amazon, Google, Facebook, eBay, Microsoft, Fiat, Apple, Unicredit and ENI. You will also come across some rare options like Cannabis stocks on this platform.

Forex: One of the most well-known and popular markets in the world is the Foreign currency market. Thanks to its volatility, the market can help traders in earning massive profits by trading different currency pairs. There are major and minor currency pairs that are in demand and there are some exotic options as well. TradeFW gives you a combination of all of these including EUR/USD, USD/CAD, USD/JPY and GBP/USD.

Indices: Another lucrative market that traders can invest in is that of indices. Instead of trading individual stocks, this market is more concerned with trading baskets of instruments together. You can trade some of the world’s most profitable indices, such as FTSE 100, DAX 30, Nasdaq and S&P 500.

Commodities: Traders who are looking for a consistent investment option will definitely enjoy the commodities market. There are soft commodities and hard ones and traders are free to choose the one they want. You can find a combination of both at TradeFW and these are divided into several categories like precious metals, which include gold and silver, agricultural products, which include coffee, soybeans, cocoa and corn, along with energies like natural gas and crude oil.

Cryptocurrency: The most interesting addition that has been made in the financial markets is that of cryptocurrencies. These digital currencies have taken the financial markets by a storm and are a volatile investment option that can give massive payoffs. You can trade Bitcoin, Litecoin, Bitcoin Cash, Ripple and Ethereum when you opt for this broker.

A simple registration process

For newbie traders, one of the most daunting processes is registration, not just because it is the first step they have to take before they trade, but also because they have heard some horror stories about it. Traders often complain about brokers having complicated requirements and time consuming procedures, as part of the registration process. This can often be intimidating for people and you want to avoid it at all costs. With TradeFW, you can do that easily because their registration process doesn’t take more than a few minutes and it is not complex at all.

To register with this broker, you first have to visit their website where you will find a registration form when you click the option to Open an Account. The form asks for very basic information from you like your full name, email address, country of residence, phone number and a password to use. In addition, you will be asked to confirm that you are 18 or above in order to open an account with the broker. Most importantly, you have to agree with their Terms & Conditions. You can check them out by visiting their website and going through them.

After you have completed these steps, you will be registered with the broker, them you only need to comply with the verification process mentioned in the KYC and AML policies. But they don’t have an approval procedure that’s needed for you to be registered and start trading.

Multiple account choices

You have to open an account with a broker before you will be able to start trading with them. This is true for every brokerage you come across, but the account choices given to you will vary. Every broker has come up with different account choices for their clients and TradeFW has done the same. They have developed their services for traders from varying backgrounds, which means that whether you are a newbie trader, an intermediate one or an expert, you can find an option designed especially for you.

There are four choices that you will see at TradeFW and you can check them out properly before you choose one:

Standard: An account choice that has been designed for complete novices, the Standard account offers spreads that start at 2.7 pips. In this account, traders receive an account manager, educational resources, 24/5 customer support. The account supports hedging and offers you leverage of 1:30. The minimum contact size is 0.01.

Gold: TradeFW has developed this account type for intermediate traders and so, they have raised the stakes a little bit. You can get spreads of about 2 pips in this account and the minimum contract size is also 0.05.

VIP: The next account option that you will find at your disposal is meant for seasoned traders with substantial experience in the market. Therefore, the spreads are tightened even further as they start with 1.7 pips. The minimum contract size in this account is 0.1.

Professional: The last account choice that TradeFW has added to their offerings is developed for professional and expert traders and so, the broker has increased the leverage to 1:500. In this account, traders have access to every single feature that the broker has to offer to you.

Range of trading platforms available

The most notable and prominent feature of any broker is the trading platform they offer to you. It is the software that you use for executing your trades in the financial markets, keeping up with the latest news and keeping track of your performance. If the trading platform doesn’t have the right features, doesn’t work smoothly and lacks in any way, it will have an impact on your performance and your profits. In addition, you should also ensure that the broker offers you a platform that’s easy to use. If it is difficult to navigate, it could hamper your trading and you may miss out various opportunities.

Understanding the problems, TradeFW has chosen to add the MetaTrader 4 set of trading platforms to their offerings. It is the industry leading trading platform that is preferred by all professional traders because it is an advanced trading solution that can fill every trader’s needs without any hassle. The MT4 suite of platforms comprises of several choices that traders can go over and select one that works for them:

MT4 WebTrader: This form of the MT4 is to be accessed through the web browser, which means it doesn’t come with any downloading or installation requirements. You can use it on any operating system and it allows you to access your trading account in just a few clicks. It comes with top-notch data protection and one-click trading, which can simplify the trading process. There are trading indicators, real-time quotes, chart time-frames, and technical analysis tools that can enable you to have a profitable trading experience.

MT4 Desktop: Regarded as one of the most powerful trading solutions, the MT4 desktop can be downloaded in a couple of minutes. It has an intuitive user-interface that makes it easy to navigate the platform for everyone, even if you are new to the world of trading. The platform is fully customizable, so it allows traders to incorporate the features they need most. You receive an intuitive charting package, 85 pre-installed trading indicators, one-click trading and order execution capabilities. It boasts a navigator window, analysis tools, and multiple chart setup and also allows you to download Expert Advisors (EAs) for automated trading.

MT4 Mobile Trading Apps: As technology has advanced, mobile devices have become an essential part of our lives. These devices are now being used for pretty much everything and this also includes trading. While the WebTrader can work on browsers on mobile devices, the MT4 mobile devices offer a smarter and more sophisticated solution. They are available for iOS devices including iPhone and iPads and Android smartphones and tablets. With these apps, trading on the move is quick and easy, which allows you to take advantage of all trading opportunities at any time of the day.

The execution speed you get in these apps is downright superior and they offer automated trading, multiple screens and customizable layouts. There are advanced charts available, full trading history with a search option, different execution modes and various trading orders. You can easily get used to the apps and their features and fulfill your trading needs from anywhere.

Numerous payment methods to use

Trading in the financial markets is great opportunity, but in order to get any return, you first have to make an investment. How do you buy or sell an instrument without any money? You can invest as much as you like, depending on the kind of returns you want or the risks you are willing to take. That’s why you sign up with a broker and open an account with them. But, how do you add your funds to it? This is when you take a look at the payment methods supported by the broker. How will you make a deposit?

Every broker offers their clients several payment options to choose from, as per their convenience. TradeFW is no different in this regard as they have also provided numerous choices for their clients to choose from. When you decide to add funds to your trading account, you can decide to go with bank wire transfer or SEPA. If you don’t want to go with that option, you can go with your debit or credit cards, including Maestro, Visa and MasterCard. Additional choices include e-wallets like Skrill and Neteller.

The minimum deposit needed is $250 and you can use one of three currencies, which are EUR, GBP and USD. If you use any other currency, conversion charges are applicable and you will have to bear those. You don’t have to pay any fee for deposits at TradeFW and transactions are usually executed instantly. The same methods mentioned above are available for withdrawals as well. The transaction processing time varies for every method and so does the commission you have to pay.

Comprehensive security and privacy policies

Cybercrimes are on the rise and people have lost their money and have had their identities stolen. This is a major source of concern for traders when they are thinking of signing up with a broker. You have to share your information and you have to hand over your funds and this means that you are exposed to hackers and other cybercriminals. Therefore, it is vital that you make sure the broker you have selected can provide you a secure trading environment.

As it is a regulated broker, TradeFW is required to implement top-notch security measures on its platform. It is regulated by the Cyprus Securities and Exchange Commission (CySEC). Their rules dictate that the broker needs to provide segregated customer accounts. Traders’ funds are kept in separate accounts and not combined with the broker’s own. Moreover, they use some of the top banks in Europe for storing funds in order to keep them safe. You don’t need to worry about the safety of your funds.

However, information is just as important and so, TradeFW uses advanced encryption technology for protecting all your data. Encrypted data means that it cannot be viewed by just anyone and stays safe from prying eyes. The broker also has a privacy policy that dictates how your information is used. It is not rented or sold to anyone without your permission. In addition to these measures, there are KYC (Know Your Customer) and AML (Anti-Money Laundering) policies also in place.

These are well-known security policies that are designed to minimize financial crimes like money laundering and terrorist activities. They also minimize the risk of identity theft and can keep criminals away from the broker’s platform. Being regulated by the CySEC means that TradeFW is also a member of the Investor Compensation Fund (ICF), which means that in case of bankruptcy, traders can get all their funds back. They also benefit from negative balance protection i.e. their losses are limited to their investments only and do not exceed that.

Final Takeaway