Whether you are new to forex trading or experienced in the sector, it is always vital to conduct the most comprehensive research possible when choosing a new forex broker or site. This can be said for forex trading and any other investments in which you may engage.
In this review we will take an in-depth look at tradefw.com which will encompass the key features and security that this Cyprus based forex trading broker has to offer. An important point to not from the outset is that Tradefw is owned by ITrade Global (Cy) Limited, based out of Limassol, Cyprus and fully regulated by CySEC (Cyprus Securities and Exchange Commission). They are one of the most stringent regulatory bodies in global finance. The brokers licensing information can be viewed here.
TradeFW facilitates both desktop and mobile trading on iOS and Android platforms through the highly renowned and user-friendly Metatrader 4 platform. MT4 is used by all of the best brokers within the forex sector and has cultivated a reputation for professionalism and security over the course of more than a decade of active use in the industry.
TradeFW stock broker also offers traders the chance of their Webtrader. This makes forex trading with Tradefw even more flexible and convenient, with many users comparing this to some of the best online trading platforms available.
Tradefw keeps it simple with account types, offering two options to forex traders, the ECN Standard Account and the ECN VIP Account. Both accounts host a number of benefits beneficial to online currency trading and other markets.
In terms of trading, the broker offers an extensive range of currency pairs, with more than 60 major and minor pairs from both accounts, and CFDs trading on metals, indices, stocks, and commodities at a leverage of as much as 1:30.
Commissions and spreads
The major advantage associated with a VIP account comes in the form of tighter spreads – as low as 1.7 pips. The ECN standard account spreads start at 3.2 pips, although both certainly represent excellent value compared with other online currency trading brokers.
Both account types offered by tradefw.com feature commission-free trading on Forex, Metals, Energy, Commodities, and Indices, and offer low commissions that can rival any CFDs broker on stocks at 0.08% across the board.
Trading tools and resources
What differentiates Tradefw as one of the best forex brokers in the market when compared with others is the range of educational and training material they provide. This includes extensive training and strategy guides in forex for beginners and experienced traders alike.
When used in combination with the array of professional trading tools and features offered by the MT4 trading platform, Tradefw helps ensure the best possible environment for success.
Deposits and withdrawals
When it comes to deposits and withdrawals, Tradefw also offers a full range of options, many of which are commission free, and instant, combination you are unlikely to see from many a forex website.
Deposits can be made instantly through Visa, MasterCard, or Maestro, and commission free using bank wire transfer, though these will take between 1-5 days depending on your banking institution. The minimum deposit required to open a standard account is 250 EUR/USD/GBP/AUD/CAD/SGD. This represents a usual minimum deposit required by any forex company.
Withdrawals can be made through all of the same methods, and will be processed the same business day with varying fees between 2-8 EUR or 0.15% on bank wire transfers.
When considering the best online trading sites, customer care is always imperative. Tradefw offers great customer support through both email and local telephone support in UK, Spain, and Cyprus. This support operates on a 24/5 basis, Monday through Friday and you can be assured of contacting a local representative with native knowledge of several languages.
As forex reviews go, Tradefw is among the best in its offering. The company are all encompassing, with commission free trading, a highly secure trading site, extensive customer support, and comprehensive educational resources to help traders along their forex trading journey.
If you are seeking to open the best online brokerage account possible, Tradefw should certainly be considered as one of the best options within the current market.