TradeFW Review – An In-Depth Look into the Broker’s Services

TradeFW Review

Are you looking for a way to increase your income? Who doesn’t want to earn thousands of dollars in a short amount of time and without having to work yourself into the ground? Previously, there weren’t many options available when people were looking for opportunities to make high, yet quick, returns. Those that were offered were mostly illegal or unreliable, so most people didn’t bother to risk their hard-earned money that way. However, we are living in the digital era, here a lot of things that we couldn’t even have understood a decade ago are not only possible, at this moment in time they’re normal.

The internet has opened up lots of doors for people and you can find an array of opportunities to explore when you want to make money. That been said, the one that stands out in the crowd is online trading. Sure, trading is not new; the forex and stock markets have been around for decades and you have heard about people making millions from them as well. The only difference is that at that age, people didn’t give them much thought, they believed it was too complicated. Trading in the financial markets was not as easy as eating a piece of cake and the risks were high, so people steered clear off of it.

In today’s age, things are drastically different because online trading has simplified a lot of complications that took place before. To begin with, you don’t need to step out from your home to trade these markets anymore. Trading can come to you now, whether you are home or in the office. Moreover, the opportunities in the financial markets have also expanded over the years. Along with the stock and forex markets, you can now trade indices, commodities and the more modern cryptocurrencies. The potential of these markets of offering returns has contributed to a surge in their popularity.

In the last decade or so, the number of people entering the online trading markets has increased impressively. Even those who haven’t any knowledge or background are experimenting this market because of the possibilities to earn good amounts of money. Most importantly, you don’t need to risk huge amounts of money in order to begin, something that was a prerequisite in traditional trading. Instead, you can get started even with small amounts and only increase your investment as you become acquainted with how the markets work, making you more confident in your trading ability.

While all of this can make trading undoubtedly appealing, you will first need to sign up with a broker in order to trade online. Brokers are a part of the financial markets and have remained so for years. Nowadays, they provide you with a trading platform, access to trading instruments, along with trading tools and features that you can use to reach the most out of your trading. Thus, when you want to start trading, your first step is to look for a broker. Over the years, online brokers have also increased in number to keep up with the growing number of traders in the market.

When you start looking, you will come across many options that are more than willing to help you get started. But, it is important to remember that the kind of broker you select can have an impact on your overall trading experience and journey. It is not a decision you can make easily, especially if you want to continue trading in the long term. Choosing the right option from the beginning can ensure a smooth journey and help you to focus on your decisions rather than constantly worry about the broker.

So, how do you choose a broker? The easiest way to do this is by taking an in-depth look at the broker’s services, because this will suggest you if they are what you are looking for. Keep in mind that just because a broker is good for one trader doesn’t mean it will be a smart choice for you too. Any needs or requirements can vary between people, you need to make this assessment yourself. TradeFW is a European CFD broker that you will come across in the market and it checks all these criteria. Then again, you should take your own consideration to ensure which is the right choice for your trading style. Take an in-depth look and you will find out:

An Introduction to 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)

As mentioned above, TradeFW is a European broker that was founded by iTrade Global (CY) Ltd in May, 2018. This clearly indicates that the broker hasn’t been around for long, yet it has a good reputation in the market and that’s because of several reasons. The broker is based in Limassol, Cyprus, which brings it under the jurisdiction of the Cyprus Securities and Exchange Commission (CySEC). This regulated status of the broker has helped it in earning the trust of many. The broker is also very accommodating and offers its website in multiple languages to offer to traders from different areas, such as English, Arabic, German, Italian, Swedish, Dutch, Spanish and Russian.

In addition, since the broker is based in Europe, TradeFW complies with the MIFID II (The Markets in Financial Directive), which are rules designed to ensure transparency, consumer protection and efficiency. This also adds a layer of trust and reliability that only a few brokers can provide. Apart from that, the broker specializes in CFD (Contract for Difference) trading, which enables it to offer an impressive asset index. These features have helped it in standing out in the sea of brokers. Now, let’s find out more in detail about their offerings:

TradeFW- How does regulation help?

The first thing you need to know is how the regulatory status of TradeFW can make a difference for you. The fact that they are regulated means that they have fulfilled some basic requirements in terms of capital to be licensed. Also, a regulated broker has to follow international standards of fairness, transparency and honesty and cannot exploit its clients. They cannot provide misleading or vague information and cannot disappear overnight. They are required to follow proper steps and rules in order to deliver top-notch trading services. As TradeFW is regulated by CySEC, it becomes a member of the ICF i.e. the Investor Compensation Fund.

The name makes it rather obvious that’s a kind of insurance for investors. If the trader files for bankruptcy or is unable to continue its services for some reason, it will compensate you for the investment you have made with them. This can save traders from hefty losses they would otherwise incur, if it was an unregulated broker. Moving on, regulation also requires TradeFW to maintain segregated accounts for its clients with European banks that have the best reputation. Your accounts are kept separate from the company’s own ones and safe with reliable banks.

Along with these measures, regulated brokers like TradeFW also have to adopt Know Your Customer (KYC) and Anti-Money Laundering (AML) security policies. These are aimed at reducing the risk of identity theft, terrorist activities and money laundering, amongst other illegal activities. In accordance with these policies, traders are required to provide proof of identity by submitting an ID card, passport or driver’s license, and proof of residence by submitting a utility bill or bank statement with proper address.

TradeFW- How much variety does it offer?

Now that you have determined how you can benefit from TW’s regulation status, the next step is to check out their asset index and find out exactly how much variety you can get. Every broker will make tall claims about offering you a ton of assets, but not many are actually able to live up to them. You need to figure out how TradeFW does in this area, especially if you want to diversify your trading portfolio. You will come to know that the brokerage offers you a total of 170 trading instruments for trading and these belong to different financial markets.

This means that when you choose for this broker, you can trade a plethora of assets that are spread across different categories and can help you keep your risks minimize and improve chances of high profits. Some of the options you can explore are:

  • Commodities

Anyone who wants to trade in less volatile markets and enjoy consistent returns can give commodities a try. There are hard and soft commodities, which offer a lot of options to traders. The former includes precious metals like gold, silver, platinum and palladium. The latter refers to agricultural items like wheat, corn, soybeans, coffee and cocoa. In fact, you will also find crude oil and natural gas as options.

  • Indices

Traders who have a high risk tolerance and don’t mind some volatility can try out the indices market. Sets of stocks are traded in this market and they consider the big picture rather than looking at companies separately. You can find a number of indices available on TradeFW, such as S&P 500, FTSE 100, Nasdaq and DOW Jones.

  • Stocks

One of the most renowned markets for financial trading is none other than the stock market. A lot of people have made their fortunes in this market and you can do the same. There are numerous stocks that can be traded, such as Facebook, Google, Fiat, Microsoft, ENI, eBay, Unicredit and Apple, amongst others. You can also trade some unique options like Cannabis stocks when you opt for this brokerage.

  • Forex

Having a daily trading volume in excess of $5 trillion, the foreign exchange market is full to the brim with opportunities for traders who are willing to take the risk. It can pay off in the form of heavy returns that no other market can offer to you. There are major currency pairs, minor currency pairs and exotic pairs, each having a varying level of risk. You can find some of the top pairs provided by this broker, such as GBP/USD, EUR/USD, USD/CAD and USD/JPY.

  • Cryptocurrencies

Even though they are highly volatile, cryptocurrencies have become one of the most demanded instruments nowadays. This is because they have a lot of room for growth and people want to take advantage of the opportunities they provide. TradeFW has added some of the most popular crypto to their asset index, such as Bitcoin, Litecoin, Ethereum, Bitcoin Cash and Ripple.

TradeFW- How is the broker’s trading platform?

No matter how security conscious a broker is and how big a variety they offer, you shouldn’t sign up with a broker without knowing what trading platform you will have to use. Most of your trading has to do with the trading platform because it is the software that executes your trades. How it is designed, the features it has and how it works will determine if you can trade easily or not. You can find some horror stories about trading platforms that didn’t execute trades in a timely manner and resulted in important losses for traders. Likewise, some platforms don’t have proper security or trading tools and this can all cause a lot of trouble for you.

In order to avoid any such hassle when trading, you should take a very close look at TradeFW’s trading platform. Instead of developing a platform, the broker has opted to incorporate the MetaTrader 4, which is the leading trading platform in the market. As a matter of fact, the broker has added a range of MT4 offerings to suit both, newcomers in the market and the seasoned investors. You can go over the options and choose the one that works for you. Check out the offerings below:

  • MetaTrader 4 Desktop

The offerings begin with the most powerful and cutting-edge version of the MT4 trading platform. It takes only a couple of minutes to download and can function seamlessly due to its advanced technology. As far as performance of the platform is concerned, you will certainly find it up to the mark because it delivers fast trading execution via one-click trading and its intuitive user interface makes it easy to use its features. Plus, it comes with various customizable features that allow you to adjust it according to your preferences.

The MT4 Desktop provides you with analysis tools and a charting package that can be incredibly useful. It has order execution capabilities, navigator window, multiple chart setup, 85 pre-installed trading indicators and the ability of downloading Expert Advisors (EAs) that can help you trade automatically. It should also be noted that the trading platform allows you to build and customize your own trading indicators as well.

  • MetaTrader 4 iOS and Android

Those who don’t want to be restricted to one device for their trading activities and don’t want to miss out any opportunity can download the MT4 mobile apps that have been provided for both iOS and Android devices. They can be used on smartphones and tablets powered by these operating systems and give you flexibility in terms of where and when you want to trade.

Furthermore, they are also equipped with an impressive number of features and tools that can all contribute to your trading. You can find an intuitive charting package, a complete set of trading orders, different kinds of execution modes, real-time quotes and access to your full trading history are just some of the features. You can also directly trade from the charts, which can make it very convenient.

  • MetaTrader 4 WebTrader

The MT4 WebTrader provides traders with most of the same capabilities of the desktop platform, but easier to be used. This particular platform doesn’t need to be downloaded and installed on any device or system. To access it, you just need an internet connection and a web browser. It takes only a couple of clicks and you will be able to access your trading account on TradeFW. It is safe to use since it uses high-end encryption for protecting all trades and information.

You can find one-click trading, 9 chart time-frames, data protection, multiple execution modes and trading orders, 30 trading indicators and 24 tools for technical analysis and also real-time quotes in MarketWatch. All of these can come in handy for the traders in the long-run.

TradeFW- How to register and open an account?

Other than knowing the assets, platforms, security and privacy policies, traders should also look into the registration and account opening procedures of a broker. If a broker asks for too much detail, it is best to avoid them because it leaves you more exposed. Likewise, it is better to choose a brokerage that keeps the registration process easy and short, like TradeFW.

Their registration process involves filling out a short form on their website. You need to provide your first and last name, country, phone number, an email address and a password. The broker also asks you to go over their Terms & Conditions and agree to them before signing up and to confirm that you are 18 or above. As soon as you are done with these steps, you can open an account with TradeFW. The broker has provided four account types on their platform in order to accommodate traders of all levels.

There are no traders who share the same trading styles or risk tolerance: these account options are meant to make adjustments accordingly. The first account choice is known as the Standard account, one that is best for novices with no experience at all. They will be able to use the MT4 platforms, trade 170 plus instruments and enjoy a great customer support experience. The account also lets them access the broker’s education center for increasing their knowledge. It supports hedging and allows them to use 1:30 leverage.

The minimum contract size for the account is 0.01 and it offers spreads of 2.7 pips. The second account is called “Gold” and this one is oriented to intermediate traders. The spreads are lowered as 2 pips, as an incentive and the minimum contract size also changes to 0.05. The “VIP” account suites for skilled traders and so, the spreads in this account are 1.7 pips. The minimum contract size is 0.1. The last account option that TradeFW has added is known as “Professional”: one that suits expert traders because they can get 1:500 leverage for making big trades.

TradeFW- Does it offer any useful resources?

Other than the basic services of a trading platform, the sign of a good broker is that it offers some extra value-added services that can enhance the trading experience of their clients. TradeFW has followed this route and so, you will find a comprehensive education center on their website that provides a ton of resources for traders to improve their knowledge and skills. The information is provided in different forms, such as articles, blogs, videos and tutorials. There is even a glossary that can help people in understanding the jargon.

Also, the broker gives clients access to webinars by expert traders for getting some useful and valuable insights. TradeFW has also worked on developing an FAQ section where questions that are frequently asked by traders are answered. This makes it easier for traders to understand a broker’s offerings and they are able to use their services without a hitch. If there is any problem, customer support is also available.

TradeFW- Is it a good choice?

After you have had a detailed and in-depth look at TradeFW, you can determine that this broker is a reliable option to trade in the financial markets of your choice.