Our TradeFW Review
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.
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.
Opening an account is free.
Tradable Instruments
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.
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.
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.
Education
Traders have access to a wide array of educational material that includes webinars, blogs, a glossary section, articles, and a FAQ section.
Customer Support
The customer support department on TradeFW is responsive and professional. They can be reached via email, live chat, phone, and a callback form.
Summary
TRadeFW comes with a comprehensive education sector, a huge number of payment options, and reliable customer support. Its regulated status means that the users of the platform can trade with peace of mind. Additionally, it comes with a wide array of tradable instruments. It would be a great place to start your trading journey.