Forex Brokers

TradedWell Review 2020

tradedwell review 2020

TradedWell is a Cyprus headquartered trading website which operates under the investment venture, iTrade Global (CY) Ltd, which is a Republic of Cyprus registered company bearing registration number HE 335424. The firm provides trading products and services to users at low-cost prices through majorly three account types, namely Silver, Gold, and Platinum. Further, other services offered by TradedWell are free demo account, dedicated account manager, Free VPS service, news, education library, and many more. 

The firm and clients’ funds are utterly safe with high tech IT security, including SSL and every level encryption. One can connect with TradedWell broker from 24/5, Monday to Friday, through telephone, email, or live chat feature. 

Below, we’ll write one unbiased TradedWell broker review for all our potential traders. The review write will include the firm’s licenses, pros, cons, and major features, followed by a conclusion. 

Is TradedWell Scam or Safe Broker?

TradedWell is a safe broker providing products and services under the license of financial body, CySEC (Cyprus Securities and Exchange Commission), having regulations number 298/16. The firm is headquartered at address – Isiodou Andrea Laskaratou & Emanuel Roides Street 10-12, 2nd Floor, Ayia Zoni, 3031, Limassol, Cyprus. 

TradedWell is a trademark name of iTrade Global CY Ltd and also obeys the trusted governing bodies like EU, MiFID, ICF, and more. The firm is a member of Investors Compensation Funds, follows account segregation and no negative balance policies. Every clients’ money is also insured up to 20,000 euros, which in cases like frauds, can be used. The firm is also not allowed to use customer money in catastrophe situations like bankruptcy. 

Overall, the firm is secured, and any trader would not face any scam issues with TradedWell. 

 

TradedWell Pros and Cons

Advantages

Widely used Meta Trader4 platform

Easy & understandable UI/UX

Segregated Account Types

Impressive Library

Disadvantages

US clients not allowed

Limited Demo Account Period

No Meta Trader5 Platform

 

TradedWell Account Types:

The broker offers three prominent accounts to retail investors, i.e. silver, gold, and platinum. Every account is provided varied service, depending on the type, and the significant features for three of them are:

Silver Account

  • Min. Deposit: 250 USD
  • Commission: 0 USD
  • Tradable assets: 350+
  • Execution Type: Market
  • Hedging
  • Min. Spreads: 0.07 pips
  • Max. Leverage: 1:30 (Retail Account)
  • Max Leverage: 1:200 (Professional Account)
  • Automated Trading: Yes
  • Platforms: WebTrader, Mobile Trader
  • Dedicated account manager
  • Customised investment news
  • Available currencies: EUR/USD/GBP

 

Gold Account

  • Free VPS
  • Fifth decimal
  • Swap discount (up to 25%)
  • Min. Deposit: 250 USD
  • Commission: 0 USD
  • Tradable assets: 350+
  • Execution Type: Market
  • Hedging
  • Min. Spreads: 0.07 pips
  • Max. Leverage: 1:30 (Retail Account)
  • Max Leverage: 1:200 (Professional Account)
  • Automated Trading: Yes
  • Platforms: WebTrader, Mobile Trader
  • Dedicated Account Manager
  • Customised investment news

Platinum Account

  • Free VPS
  • Fifth decimal
  • News Alerts
  • Dedicated Account Manager
  • Swap discount (up to 50%)
  • Min. Deposit: 250 USD
  • Commission: 0 USD
  • Tradable assets: 350+
  • Execution Type: Market
  • Hedging
  • Min. Spreads: 0.07 pips
  • Max. Leverage: 1:30 (Retail Account)
  • Max Leverage: 1:200 (Professional Account)
  • Automated Trading: Yes
  • Platforms: WebTrader, Mobile Trader

 

TradedWell Trading Platform:

The trading website provides the widely used Meta Trader4 platform, which offers the following features:

  • Automatic Stop Loss/Take Profit functions
  • Inherent platform support
  • Live chat and dedicated support
  • Different execution modes
  • In-platform price alerts
  • One-click trading option
  • Multiple chart windows to compare various assets
  • 1-click account switching
  • Free educational hub History of orders
  • Real-time balance level

Note that the platform is available in two versions with TradedWell, Webtrader and mobile app. 

TradedWell Trading Assets:

The brokerage firm allows trading instruments from all market types, including shares, metals, commodities, crypto, indices, currency pairs, and more. Note that no real possession but complex financial derivative is offered by TradedWell. Here are some details about the financial instruments provided:

Symbol Description Trading Hours Spreads (Starting From) Leverage (Maximum)
Currency Pairs
EURUSD Euro vs US Dollar 24H 0.7 500
GBPUSD Great Britain Pound vs US Dollar 24H 1.3 500
USDJPY US Dollar vs Japanese Yen 24H 0.8 500
AUDUSD Australian Dollar vs US Dollar 24H 1.1 500
Cryptocurrencies
ADAUSD Cryptos 00:00-23:59 floating 1:2
BABUSD Cryptos 00:00-23:59 floating 1:2 
BSVUSD Cryptos 00:00-23:59 floating 1:2
BTCEUR Cryptos 00:00-23:59 floating 1:2
Commodities
Brent Oil Brent Crude Oil (ICE-EUR) 03:00 – 01:00 0.03 125
Cocoa Cocoa (ICE-US) 11:45 – 20:30 30 125
Coffee Coffee (ICE-US) 11:25 – 20:30 0.3 125
Copper Copper (CME) 01:00 – 00:15 0.0041 125
Shares
3M 3M Company. NYSE (USA) 16:30-23:00 0.21 50
ADOBE Adobe Systems Incorporated, NYSE(USA) 16:30-23:00 0.21 50
AIG American International Group Inc. NYSE (USA) 16:30-23:00 0.21 50
Alcoa Alcoa Inc. NYSE (USA) 16:30-23:00 0.21 50
Indices
CAC 40 CAC 40 Index Future (Euronext)  09:00 – 23:00 1.45 20
China Enterprise 40 China H-Shares Index Futures (HKE) 04:15 – 07:00 & 08:00 – 11:25 1.3 10
DAX 30 DAX 30 Index Future (Eurex)  09:00 – 23:00 1 20
Metals 
XAGUSD Silver vs US Dollar 01:00 – 24:00 0.037 10
XAUUSD Gold vs US Dollar 01:00 – 24:00 0.37 20
PALLADIUM Palladium (USD) 01:00 – 24:00 0.58 10
PLATINUM Platinum (USD) 01:00 – 24:00 3.1 10

TradedWell Account Opening:

The process to open an account with TradedWell broker is simple, fast, and easy to understand. It is a three-step procedure which includes the following steps: 

Step 1: Go to the website, www.tradedwell.com, and tap into the button, “OPEN ACCOUNT”, on the top right corner. Write all the requested details on the form. It might include your personal finance information, too, such as income proof, bank statement, account details, DOB, address, etc. 

Step 2: The next step is to submit or upload the documents to support and verify your data. After uploading the documents, a verification might take a while. 

Step 3: The final step is to add funds and start trading. Deposits can be made through several options like cards, wire transfer, or E-wallets like Skrill, Neteller, etc.  

TradedWell Commissions and Fee:

The firm gets its earnings from spreads only and doesn’t charge any extra charges or commission on trades. There might be other charges like swap overnight, inactivity fee, or withdrawal penalty, but there’s nothing hidden. Every detail is mentioned on the website. In case of no transactions for continuously 60 days, inactivity charge might apply, and in withdrawals requests before two trades, a penalty of $50 might be applicable.  

TradedWell Payment Options:

The trading firm provides several payment options to customers at no cost. There is no fee on adding or taking out funds, and the system is easy to understand and straightforward. Besides, the processing time for withdrawals is 3-5 business days while deposits take 3-5 minutes only. Following are the available options with TradedWell: 

  • Skrill
  • Neteller
  • SSL
  • PaySafe
  • VISA
  • VPay
  • Mastercard
  • Maestro

 

TradedWell Leverage:

The venture provides high leverage facility to its users for maximising their gains. Yet, the margin ratio will depend upon several other factors like account type, asset traded, time of the trade, etc. Here are the maximum leverage provided on different assets.

Professional Account Leverage (Maximum)

Forex: 1:500

Crypto: 1:125

Shares: 1:40

Indices: 1:125

Commodities: 1:125

 

TradedWell Research:

The trading site also provides a dedicated research section where the tools to enhance user skills are available. The instruments aid customers in making better trading decisions and better entry/exit points. Some of the tools are economic calendars, report session, market analyser, sentiment reader, news, and earnings calendar.

TradedWell Customer Service:

Customer service is on par with industry standards. The available methods to contact the broker are:

Telephone: +448000318499

Live Chat

Email: support@tradedwell.com

Feedback form 

The customer service team is available from 07:00 to 16:00 GMT, five days a week, Monday to Friday. 

TradedWell Education:

Broker’s education portal provides the following learning material: 

  • Videos: Long and short videos to explain topics briefly
  • Webinars: Online webinars to conduct workshops by investing experts. 
  • Seminars: Offline workshops by finance analysts
  • E-books: Books covering all the significant topics fully
  • Courses: Segregated courses for advance, intermedia, and beginner level investors 
  • Articles: Journals, write-ups, and blogs on relevant & trending titles. 

Conclusion

Overall, Tradedwell is a new but effective trading website. The firm bears several licenses and regulation from governing bodies. The site is best for beginner and middle-level traders. You can also check the demo account of TradedWell to experience their features and practise before entering in the market.

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