TradeFW Review – What to expect from the broker

TradeFW is a Forex and CFD Broker that features on its trading platform CFDs on forex, stocks, indices, commodities and cryptocurrencies. TradeFW is a subsidiary company of Itrade Global (Cy) Ltd, a corporation that is regulated in Cyprus by the CySEC. Spreads for the standard account type start for EUR/USD from 3.2 pips*, the minimum deposit for this account type is €250. The TradeFW website is available in English, Spanish and Italian.

What do we cover in our TradeFW Review?


General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Basic information about the broker

  • Website address: www.tradefw.com
  • Leverage: up to 1:30
  • Instruments: CFDs – Forex, commodities, stocks, indices, cryptocurrencies
  • Minimum deposit: €250
  • Demo account: Yes, free of charge
  • Methods of deposit and withdrawal: Wire Transfer, Skrill, Neteller, Credit and debit cards (Visa/MasterCard/Maestro)

TradeFW Trading Platform

For FX and CFD trading, TradeFW offers MT4. A popular platform used not only for executing trades but also for analyzing financial markets and automated trading. MT4 can be downloaded to any computer or can be accessed via just a web browser or a mobile application. The broker provides access to 170 tradable assets.

TradeFW Spreads

As any other CFD broker, TradeFW charges a spread fee. For the most current spread charges, please visit the TradeFW.com website. Here is a spread comparison table that contrasts TradeFW spreads with popular industry competitors.


Asset EUR/USD USD/JPY GBP/USD AUD/USD
TradeFW* 3.2 3.2 3.2 3.2
Plus500** 0.6 0.7 1.1 0.6
IQOption** 1.2 0.9 1.5 1.6

*Minimum spreads recorded on 04.09.2019 at 10:32 GMT for the standard account type. Spread charges were taken from the website of the broker. **Spreads recorded on 26.09.2019 at 11:26 GMT from the trading platform of the broker.

TradeFW regulation

Itrade Global (Cy) Ltd is authorized and regulated under the Cyprus Securities and Exchange Commission under license number 298/16.

The CySEC regulation gives TradeFW the right to provide cross-border services to other members of the European Economic Area.

Advantages and disadvantages

Every Broker has its pros and cons, let’s have a look at the ones that elevate & denounce TradeFW.

TradeFW Pros
  • Supports hedging
TradeFW Cons
  • High spreads
  • Commision fees on stocks (CFDs)

To sum up the TradeFW Review

TradeFW adheres to strict regulatory guidelines of the CySEC. The broker supports hedging and provides access to a popular trading platform; MT4. Charged spreads are above the industry average. The broker also offers a VIP account that starts from the 10000$ deposit, but even here the minimum spread is 1.7 pips. Furthermore, TradeFW also charges a commission fee on all CFD stocks trades.

 

Your review can make a difference to other traders, please leave a comment if you have any personal experience with TradeFW.



Michael
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