TradeFW Broker Score
TradeFW Review
Introduction
For decades, people have been trading in the financial markets and many have made their fortunes in the stock, forex and other markets. There are millions of people who participate in these markets and have made full-time careers in the world of trading. As a matter of fact, you can easily go over statistics and come to know that some of the most influential and richest people all over the globe accumulated their wealth by trading a variety of instruments. Everyone is aware of the potential and the fact that there is a lot of money that can be made, yet many still hesitate because they still have some misconceptions about it.
People believe that they need years of experience, in-depth and detailed knowledge of the financial markets and a substantial sum of money to achieve success. But, the reality is completely different, especially due to online trading. Thanks to technological innovation, trading has also become digital like everything else, which means that there are no such prerequisites or barriers that you will encounter. Even if you have no knowledge and zero experience in the financial markets, there is no one stopping you from trying your luck. Likewise, you don’t need to have thousands of dollars to get started, as even a few hundred dollars would do.
Thanks to online trading, you can take advantage of the opportunities in the financial markets from your office or home. There is no longer any need to go anywhere for connecting to these markets and you just need to find a broker to begin. Brokers have also been part of the financial markets from the get go and now they have also switched to providing their services online, with more people preferring to trade this way. Their job is to act as a bridge to the financial world by providing you the platform you need for trading.
You cannot move forward with online trading without them because you will not have access to the software, tools and features that are part of the process. Therefore, as the number of online traders has increased, so has the number of brokerages that exist for catering to these traders. This is undoubtedly beneficial because it means that you will have plenty of options to explore when you decide to find one. However, this doesn’t mean that all of the companies out there are the same. Every broker you find will make big claims about being the best at providing you the services you need.
But, this doesn’t mean that you accept all their promises and just move forward to sign up with them. This decision is not to be made lightly because your overall trading experience and your success will depend on this choice. If your chosen firm doesn’t provide you the right platform, you can encounter a lot of problems when executing your trades. Likewise, if they don’t have some essential tools, you will not be able to make the right decisions. At the end of the day, you will be forced to look for a different option, which means starting the process from scratch.
Hence, your time will be wasted and you will also miss out on numerous opportunities. If you want to avoid this fiasco, it is better to look for a smart and dependable broker from the start, so you can trade confidently and won’t have any doubts about being able to trust the company. TradeFW is one of the companies that will pop out when you start searching, which is regulated by the Cyprus Securities and Exchange Commission (CySEC), a rather impressive feat for a brokerage. It was founded by iTrade Global (CY) Ltd in May, 2018, which has its headquarters located in Limassol, Cyprus.
A number of brokers that you will come across in the market are not regulated, but you will come to know that TradeFW is properly authorized and registered to provide its services. This forex and CFD (Contract for Difference) brokerage provides its clients the ability to take advantage of the countless trading opportunities in the market. They are offering their website in a number of languages, which include English, Spanish, Italian, Russian, Dutch and German. While the company comes off as an impressive one, you still need to know whether it can be trusted or not.
How do you do that? The key is to look at the various aspects of the company and then draw your own conclusions. 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) |
Trading Products offered by TradeFW
When you begin your assessment of a brokerage, the best place to start is with the trading products they are offering on their platform. This is a priority for any traders who are making their foray into the financial markets for trading an asset in particular, as you need to verify that your selected instrument is available. Even if you don’t have anything specific in mind, you still need to ensure that you can find a range of diverse and profitable options because the whole point of entering this space is to give your portfolio a solid boost. This can only happen when you have the right variety available, not just any variety.
In this regard, TradeFW does a great job because this forex and CFD broker is offering more than 170 trading products to its clientele. This is a great advantage because it allows traders to diversify their investment portfolio as per their comfort. Even if you don’t have a lot of knowledge about trading, you are still probably aware that diversification is vital for keeping your risks under control and earning higher returns. But, diversification is only possible if you have access to enough variety of instruments and this is where you will not be disappointed. Let’s see what trading products are offered by TradeFW:
Stocks: One of the most well-known financial markets in the world is none other than the stock market, where you can buy and sell shares of companies and use their price movements for generating returns. You will be able to trade stocks of some of the world’s biggest companies, such as Facebook, Google, e-Bay, Amazon, Microsoft, Netflix, BMW, and Apple. Unique options like cannabis stocks have also been added to the platform. You will also find Italian choices like Fiat, ENI and Unicredit.
Commodities: Considered very similar to the stock market, commodities are immensely popular, especially amongst traders who are just starting out or people who don’t want to take a lot of big risks. These commodities tend to be less volatile and can provide consistent returns. You can enjoy a variety of commodities at TradeFW including precious metals, agricultural products and energies. The choices include gold, silver, platinum, palladium, natural gas, crude oil, cocoa, coffee, soybeans, wheat, sugar and rice.
Indices: Instead of trading stocks of individual firms, indices involve trading combined stocks of industries like technology, healthcare etc. These can be very lucrative and are focused on long-term views, so they are a good option for traders who enjoy risks. Some of the top indices that you can trade include Dow Jones, S&P 500, NASDAQ, FTSE 100 and more.
Forex: The foreign exchange market is one of the most prominent financial markets in the world and is often called the biggest one out there. The daily trading volume in this market is more than $5 trillion. There are lots of profits to be made by trading currency pairs, including major, minor and exotic pairs. You will find many options available at TradeFW, which include GBP/USD, USD/CAD, USD/JPY and EUR/USD.
Cryptocurrencies: Bitcoin was the first crypto that was introduced in 2009 and it has completely transformed the financial industry. There are almost 7,000 cryptocurrencies that can be found in the market and their volatility has helped many in making massive amounts of money. You can trade a plethora of cryptocurrencies here including Bitcoin, Ethereum, Litecoin, Monero, Bitcoin Cash and DASH.
Privacy and Security Policies implemented by TradeFW
Since trading has shifted online, people have been able to enjoy a horde of benefits in the form of ease and convenience and others. Nevertheless, it should also be noted that this form of trading is certainly not without its risks either. When you decide to use an online broker’s services, you have to trust them with your personal and confidential information and you also have to invest through their platform, which means handing over your hard-earned money to them. These constitute as risks because cybercrimes are on the rise, and both your money and your identity can be stolen and end up in the wrong hands.
Hence, it is a given that you would be concerned about security and privacy and would prefer to opt for a company that takes both of these aspects seriously. If a broker doesn’t take proper measures for mitigating these risks, they will leave you vulnerable to threats and this is not something you want. As far as TradeFW is concerned, we know that it is a regulated broker, which means they are legally required to comply with international privacy and security policies on their platform. The regulations require the company to take all steps that are necessary for providing their clients with a secure trading environment, so they can make their decisions with complete peace of mind.
The security policies at TradeFW involve the use of SSL (Secure Socket Layer) encryption for keeping all sensitive data safe. This encryption is not just applicable to the personal information you share, but also applies to all communications that take place. It is great for preventing outsiders and unauthorized individuals from gaining access to any data that could be exploited. You will also find a tough Privacy Policy, which outlines how and why data is accumulated and clarifies that it is not rented, shared or licensed to anyone without your consent.
Regulations further dictate that segregated customer accounts have to be maintained by TradeFW, which means that all traders’ accounts are kept separate from the company’s own accounts. This is done to ensure that client deposits are only utilized for the purpose of trading and not to pay off any of the company’s obligations, thereby not leaving enough room for discrepancies and misappropriations. In addition, all the funds deposited with them are kept in accounts with top European banks, adding another layer of security and reducing the possibility of theft.
It should also be noted that since TradeFW is regulated by the Cyprus Securities and Exchange Commission (CySEC), it is a member of the Investor Compensation Fund (ICF). This automatically means that every trader who signs up with this brokerage will be eligible for compensation of their deposits, in the event the company is unable to continue its services or goes bankrupt. Moreover, they are also required to comply with KYC (Know-Your-Customer) and AML (Anti-Money Laundering) policies, which can mitigate the risk of identity theft, financial fraud, terrorist funding and money laundering.
There are certain requirements that have to be fulfilled when you sign up on TradeFW in order to comply with the KYC and AML policies. Traders are required to submit documents that give proof of identity and residence. For the former, a national ID card, an international passport, or driver’s license will suffice. For the latter, you have to provide a utility bill, or a bank statement that shows your name and residential address. These documents have to be submitted and verified before you can use the broker’s platform.
Trading Platform Options added by TradeFW
After you have checked the security and privacy policies of a broker, it is time for you to take a look at their trading platform. Your trading experience with the company will largely depend on this platform because it is the software used for executing your trades. You can access the financial markets through this platform and it comes with trading tools that are needed for trade execution. Thus, if the platform is not well-designed or suffers from lags and delays, it will ruin your trading experience. As TradeFW is familiar with the importance of a trading platform, they have made an effort to provide people with the best.
While there are different options that can be found in the market, TradeFW has given its clients the opportunity to go with the best, which is none other than the MetaTrader4 trading platform. The MT4 is well-recognized in the trading world for delivering a powerful and seamless trading experience because it has everything that any trader may need. Different versions of the MT4 are available in the market and you can find them at TradeFW. Some of the versions to check are:
The MT4 WebTrader: This particular version of the MT4 trading platform doesn’t need to be downloaded or installed anywhere. You have to access it through the web browser, which means you can use it on any operating system or even device. Just because it is a web platform doesn’t mean that it is lacking in capabilities, as compared to the desktop platform. You can access your account in just a couple of clicks after logging onto the TradeFW website and all your information is encrypted. When it comes to features of the trading platform, you will be able to take advantage of trading indicators, chart time-frames, graphs, various trading orders and multiple execution modes. The trade execution is instant and one-click trading is also available.
The MT4 Desktop: If you are someone who prefers the traditional option in terms of trading platform, the MT4 desktop is a smart choice. Based on cutting-edge trading technology, the MT4 desktop platform offers fast trading execution and an intuitive user interface. The platform is fully-customizable according to your preferences and it is equipped with an intuitive charting package, multiple chart setup, an intuitive charting and graph package, pre-installed trading indicators and analysis tools. It also allows one-click trading and automated trading is available with the use of Expert Advisors (EAs). Moreover, you are also free to use navigator window, customize your own trading indicators and benefit from order execution capabilities.
The MT4 Mobile Solutions: Thanks to technological advancement, mobile trading has become a very popular trend these days. While the MT4 webtrader can be used on mobile devices as they support browsers, it will not be the same as on laptops or desktops. This is where you will find that TradeFW has added mobile MT4 apps for the convenience of its clients. These apps can be downloaded on Android or iOS ecosystems, as individual ones have been designed for each. They provide traders with the option of trading on the move.
Regardless of where you are, you can access your trading account 24/7, which allows you to take advantage of all price movements. TradeFW has also ensured that the apps come with advanced features, such as multiple screens, great execution speed, automated trading, along with an intuitive charting package. The app can be used for executing different types of trading orders and modes and price quotes are also available in real time. Furthermore, the apps also give you the freedom of trading directly through the charts and you can also check your complete trading history.
Trading Accounts available at TradeFW
Opening an account is a necessary step for using the services of a brokerage and it is a trend for these companies to provide different trading accounts to their clients. This is in accordance with the idea that every trader is different and so, their preferences and risk tolerances will also vary. The same is applicable for TradeFW because this brokerage also caters to traders from different backgrounds, whether they are beginners or experts in the financial markets. They have created four choices for their clients and you can go over these options in order to select the one that suits your requirements. Check the choices below:
Standard: This account comes with spreads as low as 2.7 pips and it is developed for newcomers in the trading space. They are given a basic leverage of 1:30 in order to get started. The contract size is 0.01 here and traders can use dedicated customer support 24/5 and access daily analysis as well as educational resources for learning as much as possible. An account manager also comes with the package to help the newbies.
Gold: The second account type that you will come across at TradeFW is called Gold and this one is aimed at intermediate traders with some understanding and knowledge of the trading markets. They can benefit from 2 pips and a minimum contract size of 0.5 is provided. Hedging is also allowed in this account.
VIP: The spreads in this account are starting from 1.7 pips to give advanced traders an incentive. The minimum contract size is now 0.1.
Professional: The final account option that can be found is called Professional and is for professional traders. Along with the rest of the features, the biggest change made in this account is of leverage, which goes as high as 1:500.
You can choose any of these account options and register yourself on the TradeFW platform for free. No costs are involved and you can make a decision based on the trading conditions available.
Can it Be Trusted?
You will also find that TradeFW has added plenty of educational resources for assisting its clients and customer support for guiding them when required. Their transparency and professionalism makes the company a reliable one that can be trusted for helping you achieve your long-term trading goals.