General Information& Regulation
Founded in 2018, Limassol, Cyprus, TradeFW is an online brokerage firm that provides traders with an online trading environment and resources for trading several financial instruments, such as forex, indices, metals, commodities, stocks, and CFDs. TradeFW (formerly BO360) is the trading name of iTrade Global (CY) Ltd, which is authorized and regulated by the Cyprus Securities and Exchange Commission (Licence number 298/16).
Market Instruments
Trading instruments are available at TradeFW, including forex, indices, metals, commodities, stocks, and CFDs.
Minimum Deposit
TradeFW offers a choice of different trading account types to clients, and they include the Standard, Gold, VIP, and Professional Accounts. The minimum required deposit to operate an account is $250, sounds reasonable for new traders to get started.
Leverage
In terms fo trading leverage, TradeFW, as a Cyprus based broker, fully complies with CySEC regulation, with the maximum leverage capped at 1:30 for retail traders. Professional traders can apply the higher leverage of up to 1:500 after the status is confirmed.
Spreads & Commissions
The spreads and commissions charged by TradeFW are pretty high as compared to other brokers in the market, for example, tight spread start from 2.7 pips on the Standard account, starting from 2 pips on the Gold account, from 1.7 pips on the VIP account and Pro account. The commission is charged on each trade, which makes the overall price pretty expansive
Trading Platform
TradeFW allows clients to trade the offered instruments using one of the worlds most popular trading platforms- MetaTrader 4. MT4 contains some basic features, such as one-click trading, intuitive charting package, analysis tools, 85 pre-installed indicators, etc. It is available on the desktop, web, and mobile versions. The broker also has a proprietary trading platform that features some popular technical analysis tools, reporting capabilities, and an intuitive interface, available as a web trader and mobile trading app for Android and iOS devices.
Deposit & Withdrawal
TradeFW accepts several payments methods for account deposit and withdrawals, including Credit/Debit card, e-wallets and bank wire transfers.
Customer Support
When it comes to customer services, the TradeFW customer support team can be reached through telephone, email, Live Chat, and a callback form.
TradeFW Education
There is a vast array of educational resources on the TradeFW website, including blogs, glossary, webinars, articles, and an FAQ section.
Accepetd Regions
TradeFW is not targeted at residents of the United States, Canada, Israel, Iran, Japan and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to applicable law or regulation.
