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☆☆☆☆☆ 1.5/5
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TradeFW Review

  • An insurance fund is available
  • The minimum deposit is Dollar 250
  • Withdrawal fee
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Overview

Pros & Cons

Platforms

Overview

TradeFW was established in May 2018. It is a classic European CFD forex broker and is suitable for traders with any level of trading experience. The company offers 170 underpinning assets for CDF trading, including cryptocurrency pairs, e.g., Bitcoin and well-known forex pairs.

Also, TradeFW is certified by a healthy- reputable regulatory authority Cyprus Securities Exchange and Commission (CySEC). The company undergoes independent inception annually, confirming any irregularities and responsible execution of its obligations to the investors.

Its deep analysis shows the broker offers Industry-standard MetaTrader 4 to its CDF investors. MT4 is available for desktop software, web-based trading, and mobile apps. Most traders on TradeFW belong to the United Kingdom, Italy, and Spain. Broker’s website is localized and available in English, Spanish, and Italian.This review explains it:

Is TradeFW legit or a scam? Read before opening an account.

It is tough to say whether the TradeFW is genuine or a scam forex broker. There are some doubts associated with the broker’s regulation and reviews. TradeFW claims that it is regulated by the well-reputed regulated authority, Cyprus Securities Exchange and Commission (CySEC).

But at the same time, the brokerage also says it is located in Australia. So, both situations are opposite to each other and make it a dubious broker, which leaves us confused about whether it is legit or a scam scheme.

TradeFW charges $250 with additional charges such as swaps, spreads, and commissions and does not stand up to the mark. The commission depends on the account level and the amount of money withdrawn. Furthermore, TradeFW forex broker offers trading in only two instruments

  1. Contract for differences (CFDs) and
  2. forex

And the platform offered by TradeFW for its clients is only MetaTrader 4 with a web version and mobile apps.

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Advantages and disadvantages of TradeFW

  • An insurance fund is available
  • No trading restrictions
  • ETFs added to standard instruments
  • Lightning-fast withdrawal s
  • Extended set of trading assets
  • Compliance with European regulatory requirements
  • The minimum deposit is Dollar 250
  • Additional charges such as swap and commission are also included
  • Withdrawal fee
  • TradeFW offers trade just in two instruments; CDFs and Forex
  • High spread from 1.7 pips
  • Only up to 1:30 leverage
  • The website has a poor user interface
  • No MetaTrader 5 platform
  • No trading and research tools are available
  • It does not offer trade-in significant countries such as the USA, Japan, China, Canada, and Iran

Platforms for trading

TradeFW offers more advanced and popular trading platforms for trading. Whether you are a beginner or a seasoned trader, these platforms are the best fit to meet all your trading needs. They include

  • MetaTrader 4 (MT4)
  • MT4 desktop software
  • MT4 Android
  • MT4 iOS
  • WebTrader

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