Score
TradeFW
Cyprus|5-10 years| https://www.tradefw.com/
Website
Rating Index
Influence
Influence
C
Influence index NO.1
Indonesia 3.33Surpassed 26.60% brokers
Contact
Licenses
Single Core
1G
40G
Contact number
+357 25 262 126
+44 203 097 21 49
+39 023 057 90 40
+49 302 099 447 07
Other ways of contact
Broker Information
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iTrade Global (CY) Ltd
TradeFW
Cyprus
Pyramid scheme complaint
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- The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
WikiFX Verification
Cyprus| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | -- |
| Minimum Spread | from1.7 |
| Products | 170+ CFDs on Currency Pairs, Indices, Metals, Commodities and Stocks |
| Currency | -- |
|---|---|
| Minimum Position | 0.1 |
| Supported EA | |
| Depositing Method | (7+) Bank transfer Neteller Skrill VISA |
| Withdrawal Method | (8+) Skrill Bank transfer VISA MASTER |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | -- |
| Minimum Spread | from 2 |
| Products | 170+ CFDs on Currency Pairs, Indices, Metals, Commodities and Stocks |
| Currency | -- |
|---|---|
| Minimum Position | 0.05 |
| Supported EA | |
| Depositing Method | (7+) MASTER Bank transfer Neteller Skrill |
| Withdrawal Method | (8+) MASTER Neteller Skrill Bank transfer |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | -- |
| Minimum Spread | from 2.7 |
| Products | 170+ CFDs on Currency Pairs, Indices, Metals, Commodities and Stocks |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | (7+) MASTER Bank transfer Neteller Skrill |
| Withdrawal Method | (8+) MASTER Neteller Skrill Bank transfer |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | -- |
| Minimum Spread | from1.7 |
| Products | 170+ CFDs on Currency Pairs, Indices, Metals, Commodities and Stocks |
| Currency | -- |
|---|---|
| Minimum Position | 0.1 |
| Supported EA | |
| Depositing Method | (7+) Bank transfer Neteller Skrill VISA |
| Withdrawal Method | (8+) Neteller Skrill Bank transfer VISA |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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WikiFX Data provideTradeFW · Company Summary
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.
News
NewsWikiFX report: TradeFW Review – Important Things to Ask about the Broker
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.
WikiFXNewsWikiFX report: TradeFW Review – Is TradeFW Scam or Legit?
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.
WikiFXNewsWikiFX report: TradeFW Review 2020: Does This Broker Have Much to Offer?
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.
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