TradeFW
TradeFW Review
Do you want to be independent? Is it your aim to achieve financial security so you don’t have to worry about the future? It would undoubtedly be a huge relief if you constantly didn’t have to stress about paying your expenses or being ready for emergencies. Having the bills pile up with no additional income source is extremely stressful and it is something no one wants to deal with. But, how do you give your income a boost? When you already have a job, it can be difficult to figure out how to supplement your limited income and not go into debt.
In today’s digital world, everything seems possible and there is one option you can explore when you are looking for a way to generate extra income quickly and without the usual job hassles. What is it? The world of online trading gives you access to hundreds of thousands of opportunities. Like other industries, this one has also evolved with technological progress, which has made it easier for people to enter the financial markets and try their luck. There is no need to be concerned about any barriers to entry, like in other industries, because you can jump in even if you have no degree, qualification or experience.
The only basic requirements that do remain is that you be at least 18 years of age, as most online brokers will not let you sign up if you are younger, and you need to have some capital to invest. No, this doesn’t mean that you have to have copious amounts of money to start trading, but you do need a little bit of investment to enjoy some good returns. You will have plenty of opportunities to explore because there are literally thousands of financial instruments that can be traded. There are some really well-known success stories of people who started small in the trading world and made it big by making the right investments.
You would obviously want to replicate their successes and it is vital to remember that it can only happen when you make smart decisions. Being impulsive will not work in your favor if you want to make your mark in the trading world. This is particularly applicable when you have to choose a broker. You cannot start online trading without a broker because they will connect you to the financial markets via their trading platform. So, how do you find a broker? You find them just like you find everything else nowadays; use Google.
Doing so will provide you a horde of brokerages that are more than willing to provide you with trading services to help you pave your way into the financial markets. Every option you look at would appear to be better than the last one and soon you will be overwhelmed because you cannot decide which one to opt for. The greater variety is appealing because it allows you to get competitive services, but it can also cause a great deal of confusion. This often prompts people to choose just any broker and they end up regretting their decision later on.
No one wants to waste their time and resources by starting from scratch all over again. Thus, the key is to find the right broker the first time around, so you don’t have to worry about anything. This is where TradeFW can prove to be a solid option for you. Located in Limassol Cyprus, TradeFW was founded by iTrade Global (CY) Ltd in May, 2018. Even though the European CFD broker doesn’t have years of experience under its belt, it does have some impressive and well-rounded features that have enabled it to develop a positive reputation in the market.
Nevertheless, you should still do your own research and consider the reasons for signing up with TradeFW in order to ensure that you are not making a mistake. Read on to discover why it might be a good choice for you:
| Broker | TradeFW |
| Website | https://www.tradefw.com/ |
| Trading Accounts | Standard, Gold, VIP and Professional |
| Minimum Deposit | $250 |
| Assets Coverage | Forex, Stocks, Indices, Commodities |
| 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) |
Reason 1: It is a regulated broker
One of the most powerful reasons for signing up with any broker is that they are regulated. This means that the broker is monitored by a third-party organization and is subject to rules and guidelines that they have to follow. These rules are designed to maintain transparency and fairness, and prevent customer exploitation. TradeFW is a fully regulated brokerage because it is under the jurisdiction of the Cyprus Securities and Exchange Commission (CySEC). This is one of the most renowned regulatory authorities in the world and have high standards that all brokers have to meet.
In addition, since it is a European broker, TradeFW is also compliant with the MIFID II (The Markets in Financial Instruments Directive) rules. They are designed to ensure efficiency and transparency and can provide traders with the best protection. This brokerage is a member of the ICF i.e. the Investor Compensation Fund, which is a kind of insurance for traders. In the event that this broker goes bankrupt or is unable to continue offering its services, it will compensate you for the money you have deposited with them, providing it is not lost during trading.
Next up, CySEC regulation also requires the broker to maintain segregated customer accounts. TradeFW is required to keep its clients’ accounts and funds separate from the company accounts. This is a step to ensure that the money is not mixed up, misappropriated or misused in any way. It is also required to bank with some of the top institutions in Europe that have an impeccable reputation. This also ensures that all deposited funds remain safe and are not stolen or compromised in any way.
As part of their agreement, TradeFW is also mandated to offer negative balance protection to their clients. This dictates that traders will not suffer losses to the extent of the money they have invested and don’t have to pay any excess charges. This also gives traders peace of mind because they know they will not have huge debts to pay in case the trade doesn’t go their way.
Reason 2: It offers a variety of instruments
The whole point of trading is to make returns and the returns you make will heavily depend on what instruments you are trading. Some brokers out there may make big claims of offering you lots of trading products, but you may later discover that they are not very profitable ones and carry a lot of risk as well. You certainly don’t want that to happen when you are investing your hard-earned money. Consequently, it is a good idea to know what instruments will be available when you opt for a broker and if you will be able to diversify your portfolio or not.
In this regard, you will be pleased to know that TradeFW has put together more than 170 trading instruments on their platform. They are a CFD (Contract for Difference) broker, which allows them to add variety to their asset offerings. The instruments they have added belong to different categories, which makes it easier for you to diversify and keep your risks at a minimum. The options start with Forex, one of the biggest markets in the world. Trading currency pairs has helped thousands of people make millions and you can do the same.
The broker has added major currency pairs, minor and even some exotic choices for you to explore. EUR/USD, USD/CAD, GBP/USD and USD/JPY are just some options at your disposal. Stocks are another asset category that’s opened to you and TradeFW lets you reap the benefits of the stock market. There are stocks of some of the biggest companies in the world like Google, Apple, Microsoft, Facebook and eBay, along with Unicredit, Fiat and ENI. As a matter of fact, the broker has added some rare offerings like Cannabis stocks for those looking for something unique.
You can also try your luck in the indices market and there are options like S&P 500, DAX 30, DOW Jones, FTSE 100 and Nasdaq available. This market is a lucrative one and can give you some great returns. Another asset you can dip your toes in is the commodity market, where hard and soft commodities are plentiful. TradeFW has added a combo of both to appeal to its clientele. Whether you want to trade agricultural items like soybeans, wheat, coffee, corn, cocoa or go with precious metals like gold and silver, the broker has them for you. There are energies like natural gas, crude oil and Brent crude oil also available.
One of the most prominent assets that TradeFW is offering to its clients is CFDs. They are the newest financial instrument in the market and have gained a lot of popularity due to their profit potential. If you are interested, the broker lets you trade stocks, indices, shares, foreign currencies and more.
Reason 3: It has the MT4 suite of trading platforms
A trading platform is the software that traders use for opening and closing their trading positions, tracking market movements, using trading tools and doing everything else that’s part of the trading process. Suffice it to say that it is the most crucial element of your trading experience and it needs to be up to the mark for you to be able to succeed. If you do a search for the top trading platforms in the market, you will come across one name; the MetaTrader 4. The MT4 suite of platforms is the top choice of traders all over the globe and is highly recommended by professional traders.
Knowing this, TradeFW has opted to add the MT4 suite to their offerings rather than developing a platform of their own. This is a big benefit because it lets you tap into the potential of the most powerful and innovative trading platform that comes with customizable solutions. To start with, you can check out the MT4 Desktop, a platform with a highly intuitive interface and a horde of customizable features that can deliver a smooth trading experience for all kinds of traders.
One-click trading is only the beginning of the range of features it has to offer, such as an intuitive charting package, analysis tools, superior order and trade execution and multiple order types. You can go for multiple chart setup, a navigator window and the pre-installed trading indicators.
If you don’t want to use the desktop platform, TradeFW also has the MT4 WebTrader, one that doesn’t require any sort of download or installation. Instead, this version of the MT4 is accessed via the broker’s website, which is convenient for a lot of traders because it gives them flexibility in terms of device. Some people are concerned about the safety in this platform, so the broker has incorporated reliable data protection to reassure them. It gives you access to your complete account history offers 9 chart time-frames, different execution modes and trading orders, real-time quotes and trading indicators and analysis tools.
Other than these two platforms, you can also find the MT4 mobile apps available on TradeFW. These apps can be downloaded on mobile devices like smartphones and tablets and they are available for both iOS and Android devices. The apps are a great choice for traders who prefer to trade on the go and don’t want to be bound to one location. They can access their accounts round the clock and use trading tools like charts, trading indicators and analysis tools. You can also get real-time prices and execute trades quickly and efficiently.
Reason 4: It offers several account options
When you want to trade via a broker’s platform, you will first have to open an account with them. This means you have to fill out a form to register yourself and then choose one account option from the different ones offered by the broker. At TradeFW, the registration form is quite simple because it only asks for your basic information like your name, phone number, country, email address and password. You will be done with registration in a couple of minutes and can immediately move onto the part about choosing an account.
When you come to this step, you will see that there are four account choices that are provided by TradeFW. Since this broker is offering its services to global traders of all levels, it has developed various options in accordance with the needs of those traders. The options begin with the Standard account, which is meant for those who are new to the world of trading. The spreads in this account are a bit on the higher side, starting at 2.7 pips. Commissions are also charged and this information is provided on the broker’s website in detail.
The account gives traders access to an account manager, education center, expert advisors, 24/5 customer support, leverage of 1:30 and a minimum contract size of 0.01. Then comes the Gold account, which has been created for traders with some experience in the financial markets. In this account, traders will find that the contract size is now 0.05 and they can get access to better spreads that start at 2 pips. The third account choice on TradeFW is called the VIP account and the spreads in this account are even lower because it meant for seasoned traders. They start at 1.7 pips and 0.1 is the minimum contract size here.
The last account is called the Professional account and the target audience of this account is obvious from its name. Therefore, it shouldn’t be surprising that the leverage available in this account is 1:500 and it comes with all services that are offered to traders on TradeFW.
Reason 5: It has made banking quite convenient
As stated earlier, investment is necessary for you to be able to trade, which means you have to deposit money in your trading account at TradeFW in order to get started. You have the money, but how do you add it to your account? To help you do so, brokers provide banking options and you can take a look at them to pick one that seems convenient and simple for you. You can choose to use your debit or credit card for adding money and the broker lets you use Visa, MasterCard and Maestro, as per your preference. If not, you can use WiroPay or Powercash.
Keeping up with the market trends, you will also find some e-wallets added to TradeFW’s banking options. Online payments have become the norm, so wallets like Neteller and Skrill are widely used for payments. Lastly, the broker also gives you the option of staying traditional I.E. using bank wire transfer or SEPA transfers. The minimum deposit amount that’s needed is $250, which is low enough that even beginners will not have a problem in depositing this much. The broker gives you three currency options for making your deposit, which are GBP, EUR and USD.
If you use any other currency, it is converted into one of these and charges are applicable. As far as withdrawals are concerned, you can use the same methods outlined above for doing so. While deposits are free of cost, withdrawals may incur charges, which vary for every method. A detailed list of charges is available on the broker’s website for your convenience. An important thing that you should know is that since TradeFW is a regulated broker, they comply with the AML (Anti-Money Laundering) and KYC (Know Your Customer) policies.
Therefore, you have to provide proof of ID and proof of address before you can make any withdrawals from your trading account. This is in accordance with these policies, which are meant to prevent identity theft, money laundering, terrorist financing and other financial crimes. You have to submit a form of government-issued ID, such as your national ID card, driver’s license or passport. A utility bill or a bank statement showing your name and address should also be provided for confirming your residence. Once your documents are verified, you will have no problems in using the broker’s services.
Reason 6: It offers dependable customer support
Customer support is a vital aspect of any service and lack of assistance and support can be very frustrating, especially for traders. When you are using a broker’s services, you are bound to have questions about how different features work or may require other basic information. How will you get your answers if no support is available? TradeFW has drafted a complete FAQ section where they have compiled basic questions, along with their answers. You can see if your query can be resolved this way.
If not, the broker has added 24/5 support channels that you can use for getting in touch with their team. These include email address and phone numbers for different countries including Spain, Germany, Italy and the United Kingdom. Apart from these options, you can also use the Contact Form provided on their website and fill it out with your query. They are very prompt and concise in their answers, so you will be able to find a solution to your problem without much hassle.
Wrapping Up
These are some of the most notable reasons for any trader to sign up with TradeFW. The broker has provided the right environment and set of features that are needed for a seamless and profitable trading experience in the financial world.
