TradeFW Review – Investing in the Financial Markets Safely

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Launched in 2018 by iTrade Global (CY) Ltd, TradeFW is a forex and CFD broker that has its offices located in Limassol, Cyprus. TradeFW can assist you in investing in the financial markets safely, considering their regulation, security, platforms, customer support, trading conditions and other features are up to the mark.

TradeFW Review

TradeFW logoWith the economy in dire straits and financial problems on the rise, a greater number of people have been forced to look for investment options and alternatives that enable them to generate high and quick profits. Shortcuts are not always reliable or legal for that matter, but there is an option that you can use for achieving your financial goals quickly and without having to break any laws. As a matter of fact, this option can give you excellent returns, as long as you play it smart. But, what is this option? Trading in the financial markets is a route that can give you the returns you want and without a lot of hassle.

If you don’t want to be stuck in a 9-to-5 job, this is your go-to option, especially in this economic climate. It is certainly not a new thing; trading has been around for decades and even someone with no knowledge of the financial markets is familiar with the stock market and the forex market, even if they don’t understand it. In case you follow the news, then you are probably   aware that trading in these markets can be very profitable; some of the richest people in the world have used trading to accumulate their fortunes.

The hype and interest in trading markets has also increased in recent times for several reasons. First, there is the ease of access that has been made possible due to the powerful combination of technology and the internet. Secondly, the launch of cryptocurrencies has also drawn the interest of people because these volatile instruments have shaken the financial markets. Lastly, trading markets don’t come with the typical barriers to entry like requiring you to have prior knowledge or experience or any background in the market whatsoever. As long as you have some capital to invest, you are good to go.

You don’t need to worry about prerequisites for entering the trading space, but there is one thing that you do need to begin. You need to find a broker to help you get started and you just cannot do anything without one. Brokers have been part of the trading market since the very beginning and with progress, they have now become online brokers. With their help, you are able to access the instruments you need, open and close trading positions in the market, use trading tools they provide and manage your investment portfolio.

In the last few years, there has been an explosion of online brokers, mostly because online trading has become a popular trend and this created a demand for these brokerages. Fortunately, this means that you will certainly not be short of options when you are ready to trade. When you want a list of options, you can just run a Google search and there will be many choices given to you. However, this doesn’t mean that you go with the topmost option. Selecting one broker from the many, without doing your homework is a mistake that can have long-term consequences for a trader.

Selecting one broker from the many

You will have a long relationship with your broker, which means they will handle your money and also store your information. Would you trust just anyone with such sensitive data and your hard-earned savings? The internet has become a hotbed for cybercrimes and you don’t want to expose yourself to that. Therefore, the process of choosing a broker should always involve some research and effort on your part. This also applies when you come across the option of TradeFW, one of the various brokerages in the market. Despite the fact that it is new, you will come to know that they have a good reputation in the market.

Launched in 2018 by iTrade Global (CY) Ltd, TradeFW is a forex and CFD broker that has its offices located in Limassol, Cyprus. Like every other broker in the market, they also claim to be good at what they do, but are these just claims or are they based on fact. One important thing to know about TradeFW is that it has obtained a proper license and is regulated by the Cyprus Securities and Exchange Commission (CySEC), one of the most respected regulatory bodies in the world. Moreover, the European broker also has to comply with the Markets in Financial Instruments Directive (MIFID II). Subsequently, it provides honest, fair and transparent services to its clients.

Overview of TradeFW

Broker TradeFW
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)

To start your evaluation of a broker, you have to look at its different aspects and only then should you use their services to invest in the financial markets. This also applies to TradeFW. Read on to find out what you will find at this broker:

Security Environment at TradeFW

In the last couple of decades, there has been a drastic increase in cyberattacks and crimes. This has prompted people to be cautious when they are using the internet and they do not share their information with just anyone. The dilemma is that in order to use a broker’s services, you have to provide them with your personal information and give them access to your finances as well. This can be a great cause of stress and if you are too stressed, you will not be able to concentrate on trading. To mitigate this problem, it is best to look for a broker that has provided a secure trading environment to you.

When it comes to TradeFW, you are already aware that it is a CySEC-regulated broker and this automatically adds some security features to its platform. To begin with, every regulated broker has to maintain segregated accounts for their clients. This means that their client accounts are kept separately from the company’s firm and this reduces the possibility of any misappropriation. Moreover, it ensures that traders’ funds are only used for trading activities. The accounts are maintained with the top banks in Europe to add another layer of security to the money entrusted to the broker.

Regulation also means that TradeFW is a member of the Investor Compensation Fund (ICF). This membership obligates the broker to provide compensation and refunds to the traders if they are suspending their services or closing down. Hence, you don’t have to worry about losing your money. The broker also offers negative balance protection, so you are only at risk of losing what you invest and nothing above that amount. When it comes to data security, the broker has opted for SSL (Secure Socket layer) encryption that can keep all information under wraps and away from hackers and other criminals.

TradeFW Regulation

You will also find a strong privacy policy in place at TradeFW that confirms that your privacy is protected at all costs and information is not disclosed to third-parties without your consent. Last, but definitely not the least, the broker also has security policies in place, which are the KYC (Know Your Customer) and AML (Anti-Money Laundering) policies. These instruct brokers to demand documents for verification of identity and address of traders in order to prevent money laundering, terrorist activities or any other criminal activity.

Investment Products at TradeFW

After you have taken a look at the security policy of the broker and ensured that you can trade with peace of mind, it is now time to know what investment products are available. Some brokers in the market promise to offer you enough variety to diversify your portfolio, but when you sign up, you realize that the options are very few. If your primary aim is to diversify or you want to invest in a particular asset, checking what investment products are available can help you avoid frustration and annoyance later on.

As aforementioned, TradeFW is a forex and CFD brokers and offers its clients about 170 trading instruments to choose from when they are ready to trade. You will find some of the leading trading instruments in the market available on this brokers platform that can help you to control your risks. Some of the options that this broker has added include:

  • Stocks

The stock market is one of the oldest trading markets in the world. It has helped many traders in making huge returns over the years and there is no shortage of opportunities to explore. You will find stocks of some of the leading companies at TradeFW, such as Google, Apple, Microsoft, Facebook, Fiat, eBay, ENI and Unicredit. Along with these options, the broker has added some unique stocks that are not available so easily, such as Cannabis stocks.

  • Commodities

If you are looking for trading products that can give you consistent, if small, returns, then you cannot go wrong with commodities. TradeFW has added a horde of commodities to their offerings to help traders with low-risk tolerance to enjoy some benefits. You can trade different types of commodities, which are soft and hard commodities. The former refers to agricultural products like coffee, soybeans, corn and wheat while the latter includes precious metals like gold, silver and palladium, along with Brent crude oil, natural gas and crude oil.

  • Indices

If you would rather trade on the basis of the performance of entire markets rather than individual stocks, indices is the way to go about it. Since it looks at the big picture, it comes with a high risk, but the payoff can also be equally high. You can trade a number of indices at TradeFW, which include FTSE 100, Nasdaq, S&P 500, Nikkei 225 and more.

  • Forex

The Forex market is renowned all over the world thanks to its daily trading volume, which is more than $5 trillion. Many people have earned millions from this market and you can also repeat their successes, as long as you choose the right pairs and make smart decisions. Thousands of currency pairs are available, divided into categories of major, minor and exotic. You can find different options available at TradeFW and some of the top and most profitable choices include EUR/USD, USD/JPY, GBP/USD and USD/CAD.

  • Cryptocurrencies

Crypto is being regarded as the currency of the future and they have wreaked havoc in the financial markets. Bitcoin was only the first crypto and there are numerous other options available in the market now. There is no doubt that investing in crypto can give you some good returns and knowing this, TradeFW has added some of the most demanded crypto to their list of trading products. These include the pioneer crypto, Bitcoin, Bitcoin Cash, Litecoin, Ethereum and Ripple.

Trading Platforms at TradeFW

When you are contemplating the services of a broker, one factor that can play a key role in your decision is the trading software made available to you. If a reliable and proper trading platform is not available, it is an indication that the broker is not bothered by what kind of experience their clients will have. You don’t want to engage the services of such a broker because they will not prioritize your needs in any way. A sign of a trustworthy broker is the availability of a cutting-edge and sophisticated trading platform and this is what TradeFW is offering to its clients.

Trading Platforms at TradeFW

Unlike some other brokers, they have chosen not to develop their own trading platform. Instead, their choice is to provide clients with access to the market’s leading trading platform; the MetaTrader 4. It is the industry’s top favorite platform, which is guaranteed to meet the trading needs of every individual, whether you are a beginner or an expert trader. The broker provides you access to different versions of the MT4 and gives you the freedom to choose one you are comfortable with. Take a look at these versions below:

  • MT4 Desktop

This version of the MT4 has to be downloaded and installed on your PC and offers you excellent trade execution, along with an abundance of trading tools and features that are second to none. The user interface is intuitive and easy to understand for everyone, as it has been designed to deliver an efficient and smooth trading experience. You can benefit from one-click trading or even take advantage of automated trading with the use of Expert Advisors (EAs) built into this platform. Some tools that you can find are advanced charting package, analysis tools, trading indicators, graphical analysis, navigator window, different order types and various order modes.

  • MT4 WebTrader

There are traders out there who prefer a trading platform that doesn’t bound them to one device. In such cases, the MT4 WebTrader is a good option because it is accessible via the broker’s website and doesn’t have to be downloaded or installed anywhere. As long as there is an internet connection and a browser, you can use it on any system. It also comes with one-click trading and is just as intuitive and easy to navigate. You stay safe via encryption capabilities, use trading indicators, find multiple trading orders and execution modes, receive real-time quotes and access your complete trading history.

  • MT4 Mobile Apps

Other than the two trading solutions mentioned above, TradeFW has also added the MT4 mobile apps on their platform, which are available for both iOS and Android ecosystems. You can use them on your smartphones or tablets, as per your preference. The apps are easy to download and are packed with features that can help you have a great trading experience on the go. They also come with a full set of trading orders, give you live market quotes, access to your trading history and let you trade straight from the charts.

Account Plans at TradeFW

To be able to use any broker’s services, you will first have to register yourself and then open an account to start trading. The same has to be done in the case of TradeFW, but this broker is different from the crowd because they have eliminated the hassles associated with these procedures. To register with this broker. It doesn’t take longer than a couple of minutes because the form asks for your first name, last name, phone number, country of residence, email address and a password.

You need to confirm that you are above 18, agree to their Terms & Conditions and you will be registered. And you have to also need to comply with the verification process mentioned in the KYC and AML policies.

There are four account plans offered by TradeFW, as is the trend. You can go over the options and select an account that suits your needs. Check out the choices below to make up your mind:

  • Standard account

TradeFW’s first offering is meant for newcomers in the trading market with zero experience. You can access the MT4 platforms in this account, along with the trading instruments they offer. The spreads you get will start at 2.7 pips, hedging is permitted, stop out level is 50% and account manager is also provided. You can enjoy customer support, leverage of 1:30 and minimum contract size is 0.05.

  • Gold account

To help traders who are not exactly newbies, but fall in the beginner or even intermediate category, the Gold account option was developed. This one reduces the spreads to 2 pips and offers all features mentioned above. The minimum contract size is 0.05.

  • VIP account

Now comes the VIP account, which is meant more for seasoned and skilled traders. This account has spreads starting at 1.7, which are really tight and offer high profits. The minimum contract size is further reduced to 0.1.

  • Professional

TradeFW’s last account plan is meant for expert and professional traders and this is obvious from the high leverage of 1:500 available in this account. The broker gives account holders access to all features and tools it has to offer, so they can make the most of their experience.

Customer Support and Assistance at TradeFW

When you are using the services of any broker in the market, you may have some questions about how they work, the processes involved or other general questions. To provide you answers, TradeFW has created an FAQ section where they have covered different topics to ensure their clients can seek the answers they need. But, what if you face a technical problem or have some other issue while using the broker’s services? What will you do then? This is where customer support and assistance can play an important role. Satisfying clients is the goal of every business, but not many are able to achieve it.

Luckily, TradeFW is not one of those brokers that leave you hanging. They have put in robust customer support options in the form of different channels that you can use for getting help. First, there is an online contact form on their website that you can complete and send in with your query. If you prefer other methods, you will be pleased to know that the broker has provided an email address and phone number that can be used for getting in touch with their team. As a matter of fact, since it caters to global traders, it has provided separate phone numbers and emails for some countries like Italy, Spain, United Kingdom and Germany. You can also visit their service centers, if you like.

Their agents are helpful and friendly and will ensure that your problem is resolved as quickly as possible.

Final Thoughts

TradeFW can assist you in investing in the financial markets safely, considering their regulation, security, platforms, customer support, trading conditions and other features are up to the mark.

Michael Ellis

Author: Michael Ellis

Michael is an avid cryptocurrency enthusiast and writer. He is the main writer for Cryptocoin Stock Exchange.

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