TradeFW Review
The global pandemic has wrecked the global economic and has resulted in financial problems for many, due to which people are now in search of solid investment opportunities that can help them in raking in quick and substantial profits. Even though it is understood that shortcuts can be illegal in some cases, there are some that are risky, but can payoff if you are willing to go for them. If you don’t want to break any laws, but still want to give your finances a boost, trading in the financial markets is the way to go. This option can provide you high returns and you can explore it without having to deal with a lot of hassle.
The returns provided by other investment opportunities have gone down because of the coronavirus pandemic and this has resulted in a huge influx of traders in the financial market. There is no need to be concerned about the legitimacy of this option because trading is not something that popped up recently. For decades, people have been trading different types of financial instruments and no matter how far removed you are from the financial world, you have probably heard people talk about the forex market or the stock market.
If you have kept up with the news, then you will probably be well-aware of the profit potential these markets have to offer. After all, some of the richest people in the world were able to accumulate their wealth in these markets. There are a number of reasons that have contributed to the interest and hype surrounding the financial markets. First and foremost, these markets have become easily accessible for people nowadays because it is now possible to trade online. Furthermore, the introduction of instruments like cryptocurrencies has also gained a lot of attention, as they offer high profits.
Most notably, trading in the financial markets doesn’t have the same barriers to entry that you would normally see when it comes to other industries, such as requiring experience, knowledge or background beforehand. You can trade in the financial markets without all of these, as long as you have the funds to invest. But, there is one more thing that you do require before you can trade. You have to choose a broker because you have to partner with one in order to start trading. How else will you be able to connect with the financial markets and make your trades?
From the beginning, these brokers have been part of the financial markets and once the traditional moved to online, so did they. This means that when you want to trade in the financial markets online, you have to find a company that’s offering its trading services online. With their assistance, you will be able to access the financial markets you want to invest in, open and close as many trading positions as you like and use efficient and useful trading tools for managing your investment portfolio. In the last few years, there has been a surge in the number of online brokerages and this is mostly because of the popularity of online trading that has resulted in an increased demand.
Luckily, this means that when you decide to step into the market, you will have an array of companies to choose from. You can do a search on Google and make a list of the companies available, but this certainly doesn’t mean that you choose the top one. It wouldn’t be smart on your part to pick a company without doing your homework into their services and offerings and can have long-term consequences for the trader.
If you are planning on trading for the long-term, you will trust the broker with your hard-earned money and with your confidential information as well. You cannot just rely on anyone when such sensitive areas are involved. It shouldn’t be forgotten that the internet is a stomping ground for cybercriminals and there are plenty of risks that you have to face when you decide to trade online. Hence, when you are using a broker, you want to make sure they are someone you can depend on. TradeFW is one of the options that will make their way on your list, but you need to study them carefully before deciding what to do.
Launched in May of 2018, TradeFW is a European forex and Contract for Difference (CFD) broker that was formed by iTrade Global (CY) Ltd. Its offices are based in Limassol, Cyprus and like other companies, it also promises to be a professional and reliable trading service. But, it is your job to ascertain if these are just promises or the company actually lives up to them.
You will come to know that because of its location, TradeFW has obtained a trading license and regulatory approval from the Cyprus Securities and Exchange Commission (CySEC), which is one of the most well-known regulatory bodies across the globe. Furthermore, since they are located in Europe, they are compliant with the Markets in Financial Instrument Directive (MIFID II), which means it provides transparent, competitive and fair services to its clients.
| 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) |
Before you decide to sign up with TradeFW, you have to study its various features and services to reassure yourself that you are making the right decision. Read on to know what this company promises and delivers:
The Security Features at TradeFW
If you check the statistics relating to cybercrimes and breaches, you will immediately notice that they have increased twofold in the last few years. More activity on the internet has drawn the attention of the criminal element because it means more opportunities for them to exploit people. This means that you need to be very careful when you are doing anything online because you never know when anything might be a trap. The problem is that when you decide to trade online, you have to trust a broker with your personal information and also deposit your money with them.
If they turn out to be a scam, you may just lose your money and even end up having your identity stolen. Obviously, you don’t want to constantly worry about this when you are trading, so your priority should be to ensure that the broker you choose has the appropriate security features for mitigating these risks. As mentioned earlier, TradeFW is a broker that’s regulated by the CySEC, which means that they have to follow certain security standards and policies that can give you peace of mind. Firstly, they are required to maintain segregated accounts for their clients.
This means that the deposits you make are kept in accounts separate from the company’s own, thereby ensuring that the funds are not misappropriated and only used for trading. In addition, TradeFW keeps these funds with some of the top European banks, which also reduces the chances of theft. CySEC regulation also makes the broker part of the Investor Compensation Fund (ICF), which acts like an insurance scheme for the company’s clients. As per the rules of this membership, all traders will be compensated if the company decides to suspend its services or files for bankruptcy.
Your money will be returned to you, which is also reassuring. Negative balance protection has also been provided, which means that traders only stand to lose the amount they have invested and nothing more. As far as keeping your data secure is concerned, TradeFW has opted to use advanced SSL (Secure Socket Layer) encryption, which will keep all your information out of the hands of hackers and other criminals. Even if they are able to find the information, it will be of no use to them without the decryption key.
Apart from that, TradeFW has implemented a Privacy Policy on their platform as well, which indicates that your privacy is not compromised at any point and the company does not disclose your data to third-parties without your consent. You will also find that KYC (Know-Your-Customer) and AML (Anti-Money Laundering) security policies have also been added by the broker that require traders to submit documents for verification of their identity and address. With the help of these documents, it is possible to reduce the risk of money laundering, terrorist financing, financial fraud and identity theft from the company’s platform. No fake accounts or profiles can be created for exploitation purposes, thereby creating a secure trading environment for everyone.
The Investment Products at TradeFW
When you are done assessing the security features of the company and have confirmed that they are taking the appropriate steps to providing a safe environment, you can now consider the possibility of using their services. But, before you can do that, you have to check what investment products you will be able to trade. There are companies out there that make tall claims about offering you a horde of products that can help in portfolio diversification, but the reality is far from it. Whether you want to trade a specific product or you wish to diversify, it is best to check what investment products are added by a brokerage, as this can assist you in avoiding disappointment and frustration.
There are more than 170 investment products that you will find on TradeFW, which is a forex and CFD broker, as stated earlier. These products belong to the leading financial markets and give you enough room to minimize your risks by spreading out your capital and maximizing your profits. Some of the options you can explore include:
Stocks
One of the world’s oldest trading markets is none other than the stock market and traders all over the world have made huge returns because there are hundreds of opportunities that can be explored. Stocks of some of the top companies can be traded in this space, such as Google, Apple, Facebook, Amazon, eBay, Fiat, Microsoft, Unicredit and ENI. In fact, there are some rare and unique choices that have also been added like Cannabis stocks.
Commodities
If you are interested in investment products that can provide you consistent returns in the long-run, commodities is the way for you to go. There are a ton of commodities that are great for traders who have a low-risk appetite and can give great benefits. There are soft commodities that comprise of agricultural products, such as wheat, coffee, corn, cocoa and soybeans, and hard commodities that comprise of precious metals like gold, silver, platinum and palladium. You can also explore options like crude oil, Brent crude oil and natural gas.
Indices
Traders who don’t want to trade individual stocks and prefer the big picture, the indices market are a good fit for them. These involve trading on the performance of whole markets and can give a big payoff. Some of the top indices that can be traded include S&P 500, Nikkei 225, FTSE 100, NASDAQ and CAC40.
Forex
The massive daily trading volume of more than $5 trillion means that the forex market is well-recognized in every part of the world. There are a number of people who have made whole fortunes from this space and you can also enjoy the same level of success, as long as you invest in the right currency pairs and can make timely decisions. There are thousands of currency pairs to be traded, which belong to different categories like major, minor and exotic ones, such as GBP/USD, USD/CAD, EUR/USD and USD/JPY.
Cryptocurrencies
These digital currencies have taken the world by a storm and are being called the future of finance. Bitcoin is the first cryptocurrency that was introduced, but it is definitely not the only one and a number of other options are also part of the market. The volatility of these virtual currencies has made them immensely profitable. Some of the in-demand cryptocurrencies include Bitcoin, Litecoin, Ethereum, Ripple and Bitcoin Cash.
The MT4 Trading Platforms at TradeFW
The trading software provided by the broker to its clients can play a key role in your decision to sign up with them. If the company doesn’t provide you with an efficient and reliable platform, it sends a message that they are least bothered about the kind of experience their clients will have. Obviously, engaging the services of such a broker is not a wise move because it means that your needs will not be prioritized. But, if they have put in the effort of providing you with a powerful and innovative platform, it indicates that they take their clients seriously and want them to have a solid trading experience.
You will come to know that TradeFW falls in the second category, as rather than developing a trading platform as many companies are known to do, they have opted to go for the most reliable option that already exists; the MetaTrader 4. It is the top trading platform in the industry and is the choice of all experienced and professional traders all over the world. Regarded as the next-generation platform, it is capable of fulfilling the needs of all, whether you are new to the market or have been around for a while. Most importantly, you will come across the complete suite of MT4 platforms, which comprises of different versions. These include:
MT4 Desktop
These trading platforms are those that involve downloading and installation on a desktop PC. It works on multiple operation systems and the MT4 desktop provides instant trade execution, combined with various trading tools and features. The user interface is easy to use and understand and has been developed to provide a seamless trading experience to everyone. One-click trading is available and traders can also take advantage of the perks of Expert Advisors (EAs), which can be used for automated trading. Some other tools that are also provided include analysis tools, advanced charting package, graphical analysis, different order types, navigator window, various order modes and trading indicators.
MT4 WebTrader
Some traders don’t want to use the traditional desktop trading platform and prefer an option that gives them flexibility in terms of devices. This is where the MT4 WebTrader has been added by TradeFW because it is accessible through the website and doesn’t have to be downloaded or installed on a single device. You can use it on any web browser or any device that you may have handy, which makes it quite convenient.
However, this doesn’t mean that it is lacking in capabilities in any way. Along with one-click trading, this platform is also an innovative one and is easy to navigate for every trader. It offers top-notch encryption, numerous trading indicators, multiple order and execution modes, real-time quotes and a complete trading history.
MT4 Mobile Apps
With technological advancement, people are now relying on their mobile devices, whether smartphones or tablets, for pretty much everything. This also applies to trading and in order to cater to these modern traders, MT4 mobile apps have also been added by TradeFW. These apps are available for iOS as well as Android devices and you can download accordingly. The apps are also packed with tools and features and can deliver a smooth trading experience. You can get live market quotes, a complete set of trading orders, and access to trading history and be able to trade directly from the charts.
Registering and Opening an Account at TradeFW
Traders are first require to register with a broker and open an account with them in order to use their services. TradeFW also requires its clients to do the same, but the good news is that as opposed to some of the other companies in the market, they have kept this process quick and simple. You are only asked to fill out a single form on the website for registration, which asks for very basic information. You need to enter your first name, last name, country of residence, phone number, an email address and a password.
This takes only a couple of minutes and then you can move onto agreeing to TradeFW’s Terms & Conditions after going through them once, confirming you are 18 and then opening an account. Now, it is time for you to look at the account options that are given and choose the one you want to open. These options are designed for traders with different style and risk tolerance, so you can choose accordingly. There are four options and they are outlined below:
Standard: The first account is one with basic features, since its target is those who are new to the trading space. The Standard account at TradeFW has a stop out level of 50%, permits hedging, offers spreads starting at 2.7 pips, and comes with an account manager for providing guidance. Educational resources can also be accessed and 24/5 customer support is provided, along with leverage of 1:30.
Gold: Beginner and intermediate traders will like the Gold account as it offers spreads starting at 2 pips and a minimum contract size of 0.05.
VIP: To cater to skilled and seasoned traders, TradeFW has provided the VIP account with a minimum contract size of 0.1 and spreads starting at 1.7 pips.
Professional: All features offered by the company are available in this account, which is meant for expert and professional traders. The leverage in this account begins at 1:500, which is substantial and enough for those who want a huge trading volume.
Final Thoughts
TradeFW’s website is available in multiple languages to cater to traders all across the globe. They have added an education center for guidance and customer support for assistance, ensuring that their clients can enjoy the best trading services on their platform.