71% of retail investor accounts lose money, …
iTrade Global has come up with yet another venture, TradedWell. The Broker is regulated by the Cyprus securities and exchange commission (CySEC). The trading firm offers its clients to trade on more than 150 CFD tradable instruments that include cryptocurrencies, Forex, Indices, Shares and commodities to begin with.
To trade all these assets online, the Broker offers the mighty MetaTrader 4 as the trading platform to its traders. The MT4 is one of the best trading platforms when it comes to forex trading,
The clients can choose from three different account types—Silver, Platinum and Gold. TradedWell also offers a demo trading account for the traders who are new to the market and also an Islamic account for the sharia aiding traders.
When it comes to the research material, the Broker offers decent material that is neatly curated in the form of on-demand videos, online lectures and webinars. The material is 100% to the core and is food enough for the veterans and novices as well.
The customer support can be reached during 0800-1800 GMT, and The traders can contact the team via email, chat and phone.
Tradedwell is a new brokerage firm, still, it offers are retail and professional account types in platinum, gold, and silver accounts. Let us look at the account types in detail.
The professional account provided by the broker offers more opportunities and a large-view trading experience for professional traders and investors. Priority access to services and products is rendered in the pro account for clients. Significantly higher leverage is offered for CFD trading (cfds are complex instruments) in all kinds of assets.
The forex broker renders a free demo account for traders to practice their skills and strategies before going live in the market. The free demo account of the broker offers the same features like the live market and lets traders place trades without loss of any actual money or capital.
Login and Account opening requires just four simple steps. These steps are:
1) Firstly, get yourself registered with the broker (open account tab on the official website) by providing the necessary details such as your full name, code of county, email id, and phone number
2) Likewise, the next step is filling the questionnaire with the information regarding your account that the broker will require.
4) Further, once the questionnaire is completed, you need to upload the desired document for verifying the information given by you in step one.
5) Subsequently, deposit the fee for a trading account and start trading. The minimum deposit of the broker $250.
The entire account opening process of the broker is smooth and effortless. The broker facilitates this five-step process to create a full-proof, authentic, and transparent trading community. This is one way that the broker keeps the security and verification of traders in mind before letting them be part of the trading community.
The Broker offers trading on more than 170 CFD tradable assets that cover Forex, cryptocurrencies, indices, shares, to name a few. Let’s read about all these in brief:
For trading in Forex, TradedWell offers its services in pairs like EUR/USD. GBP/USD AUD/JPY etc., these are all exotic currency pairs that have maximum volatility. Of course, these are volatile at different times during the day. But, TradedWell makes sure that none of the currency pairs is left out.
It does not matter if the crypto has just come in (DOGE, for example) or it has been in the market forever. (Bitcoin, for example), TradedWell has them all. Cryptocurrencies are volatile and can make unprecedented money for traders. The Broker knows this fact and has covered almost every cryptocurrency that the market has ever seen and is providing CFD trading for the same.
Indices track the economic development of a whole country. TradedWell offers CFD trading on indices like S&P 500, NASDAQ, FTSE 500 etc., to begin with.
Owning a share of a company is holding a part of that company. However, it is a little different in CFD trading, but nevertheless, the Broker offers CFD tradable shares of the blue-chip firms like Google, Apple, Tesla and Amazon.
It has to be kept in mind that trading in CFDs can be challenging, and it can be hard for the traders to understand the basics. Make sure you know what you are doing before you financially involve yourself with anything.
Trading with the Broker is mostly commission-free.t The spreads and the swap costs can vary depending on the account type that the user holds and the asset that they are trading on.
Below given are the spreads for each account in forex terms.
For the non-Islamic accounts, the swap charges or the overnight funding/charges are charged for the positions that the traders might want to hold overnight. If the positions are held for a time window that passes a weekend, then the Broker will deduct the charges on the coming Wednesday.
If the trader has not been active for the last 60 days, then an inactivity fee will automatically be deducted with the associated funds of that account.
|Swap charges||Traders can avail a maximum of 50 per cent discount|
|Spreads||Applicable (minimum 0.05)|
|Currency conversion||There are charges|
Most importantly, with this tool, you can trade a large portion of shares by paying a small amount, and the broker pays the rest amount for the trade. However, the maximum leverage offered by TradedWell is 1:500, and that enhances prospects for profit booking. For retail accounts such as gold accounts, silver account, and platinum account, the leverages are 1:400 or 1:500, 1:200, and 1:400 or 1:500, respectively.
TradedWell offers multiple withdrawal and deposit options. The deposit is 100% free, while the withdrawals may be subjected to some charge in extreme cases.
The deposition of funds can be done by Skrill, iDeal, Trustly and a few more. Deposits are majorly instant, but the time can vary, depending on the client’s preferred bank.
The withdrawal process can be executed on business days only. The withdrawal-related requests can be submitted before 0700 Gmt if the traders want them processed on the same business day.
If the client wants to withdraw an amount that is less than 100 Euros, then they will be changed in advance in such a case.
All of these charges are applicable for the broker policies, and it has to be kept in mind that the Broker can charge the trader for their withdrawals if one single trade is placed from that account.
The funds can be managed after the client has logged in to the client portal area and has clicked on payments. From here on, the traders can decide whether they want to buy or sell.
TradedWell offers trading via the MT4 trading platform, its mobile application and the Web Trader. The traders can enjoy trading via any of the three.
The web trader is suitable for the traders who want an integrated trading environment, and the mobile application id for the traders who want to actively trade, mostly while being on the go.
The application can be downloaded via the Play store for android and the app store for apple, respectively,
All the trading platforms that the Broker offers are different incarnations of MT4 only. However, MT4 is the most reliable when it comes to trading in Forex.
MT4 has lineage software called the MT5 as well, but traders also happen to believe in the fact that old is gold.
Below are some of the facts that make MT4 the best of all trading platforms.
It includes the efficient and globally accepted MetaTrader 4 mobile app.
The whole user interface of the trading platform seems to be smooth and systemically placed. This makes it easy for new clients and traders to get equipped with the broker’s trading nuances.
TradedWell offers customer support in multiple languages. The traders can interact with the team via emails, live chat and calls. In addition, the Broker also addresses the most asked quotes via the contact us page.
The live chat contains the most asked trading related questions in the form of frequently asked questions. The customer support is live between 0800-18000 GMT and typically take 30 seconds to address a query.
Isiodou, Andrea Laskaratou & Emanuel Roides Street 10-12, 2 Floor, Ayia Zoni, 3031 Limassol, Cyprus
TradedWell offers rich trading based research material to the traders via the economic calendar, news section and articles portal.
The news section provides the traders with daily insights in terms of what is happening in the market and supplies with them the most important and informative content on which the traders can base their trading strategies and next steps for trading.
The news action covers the daily updates from Europe and the US markets. Both of these markets are large enough for forex traders and can also help the ones who are trading in indices.
The Economic calendar can update the traders on the daily and future updates about the different markets around the globe and can also provide them with the insights that can help them to manage their positions in accordance with the announcements.
TradedWell offers a vast variety of trading based education and research material to traders. The material can be used by both the novices and the veterans. It is presented via Ebooks, online courses and a lot more.
The material includes:
These videos cover most asked topics like the risks induced by and involved in trading, the crux and the importance of the technical analysis
TradedWell covers the books and the reading materials and provides them to the traders in the form of reading materials as Ebooks. These books are rich in the basics, and all of them have enough content to make the traders comfortable with the complexities and the psychology that is involved in trading.
The Broker Traded Well is one of the best brokers that a novice, as well as a veteran, can trade with. The account types are all designed very carefully and are executed in a proper manner. The parent firm of the Broker (iTrade Global) is wholly regulated. The broke offers segregation in all of its account types, and also, all the accounts come with a dedicated accounts manager.
As already mentioned above in the tradedwell review, the broker offers MetaTrader 4 for mobile and web trading.
Yes, one can trade CFDs with this broker. It offers trading instruments like stocks, CFDs, indices, cryptocurrencies, ETFs, commodities, metals, and more.
Yes, the financial service provider is regulated with a top-tier regulatory authority, CySEC.
Most investors lose money when trading on cfds because they use high leverage. Leverage is a double-ended sword it surges losses along with profits.
A trusted broker will contact you today.