TradeFW Review & User Rating 2021
TradeFW is a regulated online CFD broker. The broker was established in May 2018. It is the operating name of iTrade Global (Cy) Ltd, which has its headquarters in Limassol, Cyprus. The Cyprus Securities and Exchange Commission (CySEC) is the regulator of this broker. Traders using the platform benefit from an Investor Compensation Fund. Additionally, they can access the platform in multiple languages, which include English, Spanish, Italian, Russian, German, and Dutch.
Cyprus Securities and Exchange Commission
iTrade Global (CY) Ltd, is authorized and licensed by the Cyprus Securities and Exchange Commission (License No.298/16), the supervisory and regulatory authority for investment services firms in Cyprus. CySEC participates in the European Securities and Markets Authority (ESMA) Board of Supervisors.
iTrade Global (CY) Ltd holds a cross-border CySEC licence, for the provision of investment and ancillary services. We are governed by the EU and local regulations such as the European Markets in Financial Instruments Directive (MIFID II) and the Cyprus Investment Services and Law which Provides for the Provision of Investment Services, the Exercise of Investment Activities, the Operation of Regulated Markets and other Related Matters L87(I)/2017.
MIFID II Directive 2014/65/EU came into force on 1st January 2018 to strengthen investor protection and improve the functioning of financial markets making them more efficient, resilient and transparent. The Directive was adopted in Cyprus though the Cyprus Investment Services and Activities and Regulated Markets Law of 2107 (Law 87(I)/2017).
The key objectives of the European Union’s Markets in Financial Instruments Directive (MiFID II) are: to improve levels of efficiency, to increase financial transparency, to promote competition and to effectively protect consumers. MiFID II also allows investment firms to provide investment and ancillary services within the territory of another member state and/or a third country, provided that such services are covered by the investment firm’s authorization.
TradeFW Account Types
Clients using the TradeFW platform get access to four account types. These are the Standard Account, Gold account, VIP Account, and Professional account.
With a standard account, traders enjoy spreads of as low as 2.7 pips. It is an account designed for novice traders. Clients using the Standard account can access maximum leverage of 1:30 with a minimum contract size of 0.1. Users benefit from dedicated customer support, education materials, and an account manager.
A Gold account offers traders a minimum spread of 2 pips. The minimum contract size is set at 0.5 and maximum leverage is set at 1:30. It is a great account for traders with some trading experience.
The VIP account comes with a minimum spread of 1.7 pips and a minimum contract size of 0.1. It is a great account for intermediate and experienced traders.
The Professional account is designed for expert traders. Clients using this account type enjoy a maximum leverage of 1:500. They also get access to all features offered by Trade FW.
Mitigating Counterparty Risks
TradeFW partners with several major banking institutions. Clients’ funds are kept in EU banking institutions of great repute. Internal limits ensure a diversification of client funds among banks and Payment Providers while credit risk is regularly monitored. Client funds are only kept in jurisdictions where segregation of client funds is supported by the local legal framework.
Clients of TradeFW have access to over 170 CFD instruments. These instruments cover various asset classes that include stocks. With the CFDs on stocks, clients get access to shares of some of the leading companies globally such as Amazon, Google, Facebook, and eBay.
Clients also get access to commodities such as energies, precious metals, and agricultural products. TradeFW also gives access to CFDs on indices such as the S&P 500, FTSE 100, and NASDAQ. Clients also get access to the fx market with access to major, minor, and exotic pairs. Finally, traders get access to the cryptocurrency market with access to some of the leading crypto coins such as Bitcoin, LTC, ETH, and BCH.
Deposits and Withdrawals
The minimum deposit amount on TradeFW is $250. There is no maximum deposit limit. Clients can deposit money using MasterCard, Visa, and Maestro credit /debit cards. The platform also supports WiroPay, Powercash, Trustly, Sofort, Skrill, and Neteller. Additionally, users can deposit funds using wire bank transfers or SEPA. Making a deposit using any of the listed methods is free.
The listed payment methods can be used for both withdrawals and deposits. Users can make deposits and withdrawals in EUR, GBP, or USD. The minimum withdrawal amount and the commission charged will vary depending on the method used.
TradeFW Trading platform
Traders using TradeFW have access to the leading MT4 platform. The MT4 platform is a powerful trading platform that offers traders access to a wide array of useful features. These features include numerous indicators, multi-chart setup, one-click trading, expert advisors, fully customizable trading indicators, and much more. TradeFW supports mobile trading for iOS and Android devices. TheMT4 platform for TradeFW can be accessed on mobile devices, which allows users to trade on the go. Besides the desktop Mt4 application, traders can also access it via the WebTrader using a modern web browser on Mac and PC.
- Web-based, no downloading necessary
- Professional platform – easy to understand with clear explanations
- Diverse trading products
- User friendly trading experience
- Quick and easy deposits/withdrawals
The TradeFW vision is to give you, the trader, professional platform, convenient, and all around superlative experience. All Client funds are held in a segregate account which means corporate funds are never commingled with customer deposits. It also means that your funds will never be used for anything other than trading CFDs and Forex on the platform. We pay out of all valid withdrawal requests, profits and capital, in a timely executed manner based on the terms of the site. TradeFW and collaborators consist of professional forex brokers, experts in derivatives and risk management, and payment processors. We cover every aspect of CFDs and Forex trading, so that you may have a robust trading experience.
Street Lepanto, 350-354, floor 6, Barcelona, 08025, Spain