Score
Cyprus
|
5-10 years
| https://www.tradefw.com/
Website
Rating Index
Influence
C
Influence index NO.1
Indonesia 3.33
LicensesLicensed Entity：iTrade Global (CY) Ltd
License No. 298/16
Cyprus
WikiResearch
tradefw.com United States
VIP is not activated.
General Information& Regulation
Founded in 2018, Limassol, Cyprus, TradeFW is an online brokerage firm that provides traders with an online trading environment and resources for trading several financial instruments, such as forex, indices, metals, commodities, stocks, and CFDs. TradeFW (formerly BO360) is the trading name of iTrade Global (CY) Ltd, which is authorized and regulated by the Cyprus Securities and Exchange Commission (Licence number 298/16).
Market Instruments
Trading instruments are available at TradeFW, including forex, indices, metals, commodities, stocks, and CFDs.
Minimum Deposit
TradeFW offers a choice of different trading account types to clients, and they include the Standard, Gold, VIP, and Professional Accounts. The minimum required deposit to operate an account is $250, sounds reasonable for new traders to get started.
Leverage
In terms fo trading leverage, TradeFW, as a Cyprus based broker, fully complies with CySEC regulation, with the maximum leverage capped at 1:30 for retail traders. Professional traders can apply the higher leverage of up to 1:500 after the status is confirmed.
Spreads & Commissions
The spreads and commissions charged by TradeFW are pretty high as compared to other brokers in the market, for example, tight spread start from 2.7 pips on the Standard account, starting from 2 pips on the Gold account, from 1.7 pips on the VIP account and Pro account. The commission is charged on each trade, which makes the overall price pretty expansive
Trading Platform
TradeFW allows clients to trade the offered instruments using one of the worlds most popular trading platforms- MetaTrader 4. MT4 contains some basic features, such as one-click trading, intuitive charting package, analysis tools, 85 pre-installed indicators, etc. It is available on the desktop, web, and mobile versions. The broker also has a proprietary trading platform that features some popular technical analysis tools, reporting capabilities, and an intuitive interface, available as a web trader and mobile trading app for Android and iOS devices.
Deposit & Withdrawal
TradeFW accepts several payments methods for account deposit and withdrawals, including Credit/Debit card, e-wallets and bank wire transfers.
Customer Support
When it comes to customer services, the TradeFW customer support team can be reached through telephone, email, Live Chat, and a callback form.
TradeFW Education
There is a vast array of educational resources on the TradeFW website, including blogs, glossary, webinars, articles, and an FAQ section.
Accepetd Regions
TradeFW is not targeted at residents of the United States, Canada, Israel, Iran, Japan and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to applicable law or regulation.
In today’s fast-moving online trading world, regulation and safety are more important than ever. TradeFW claims to be a regulated broker, but a closer look at its licence and operations reveals a more complex picture.
Trading markets are not a new phenomenon; they have existed for decades, and there has been talk of people making fortunes by trading in the stock market or currency market. The majority of individuals believe that trading in these markets is too hard, and as a result, they have shied away from them despite their knowledge of their potential. This was the situation for a long time, until a few decades ago, when technological innovation occurred. This had repercussions in a variety of areas, including the realm of trading. Today, online trading has attracted the curiosity of innumerable traders who never envisaged themselves in the financial markets, let alone trading full-time.
Do you wish to be self-sufficient? Is it your goal to acquire financial stability so that you don't have to be concerned about the future? It would surely be a tremendous relief if you didn't have to worry about paying your bills or being prepared for emergencies all of the time. Having bills pile up due to a lack of additional money is highly stressful, and no one wants to deal with it. But, how do you increase your earnings? It can be challenging to find out how to augment your restricted income without going into debt when you already have a job.
Users can invest in both forex and CFDs through the online broker TradeFW. BO360 was the prior trading name of the broker. The parent firm, iTrade Global Ltd, is based in Cyprus and is so registered with CySEC.
I didn’t notice any withdrawal fees for most methods, though some specific payment methods might incur small charges. Based on "tradefw reviews," the fee structure is fairly transparent, but I always double-check for any potential additional costs.
I didn’t come across an inactivity fee directly mentioned by TradeFW, but based on "tradefw reviews" and some user feedback, I would recommend confirming all fees before signing up to avoid any unexpected charges.
Personally, I value the fact that TradeFW is regulated by CySEC because it means client funds are segregated, offering a level of protection. Additionally, in case of any disputes, CySEC can intervene, which is a big pro for me.
In my opinion, the biggest drawback is that TradeFW's regulation status is marked as "Exceeded," which could indicate possible violations of its business scope and regulatory requirements. As noted in "tradefw reviews," this raises a red flag for me, and I’d be cautious when trading here.
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