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TradeFW Reviews

Byadmin

Apr 29, 2022
TradeFW Отзывы

About TradeFW

TradeFW, formerly known as BO360, is an online Forex and CFD brokerage firm that has been in operation since 2018. The site primarily targets European clients from Italy, Spain, and the United Kingdom.

The business has won multiple industry accolades, including the Global Banking & Finance Review’s “Best Forex/CFD Provider” and “Best CFD Provider.” The firm serves both retail and professional clients as an ECN and STP broker.

The Cyprus Securities and Exchange Commission regulates the broker as an EU company. To safeguard traders, CySEC enforces tight requirements on brokers. It ensures that clients have access to compensation systems, among other things.

Trading platform

Metatrader 4

The MetaTrader 4 trading platform is supplied to clients. MT4 is well-known for its extensive feature set as well as its quick and dependable service. Because it is straightforward, easy to use, and comes with a wide range of technical features, the platform is suitable for traders of all skill levels.

It is accessible as a desktop application (for Windows PC and Mac), a web service, and a mobile application for iOS and Android devices.

There are 85 pre-installed trading indicators available to users. Clients may also use the marketplace to acquire additional indicators and advisers (automatic trading robots). The MT4 trading software also has the following features:

  • One-click trading
  • Interactive charts
  • Multiple timeframes
  • Detailed historical data
  • Custom indicators

WebTrader

Clients of the broker can utilize the WebTrader platform in addition to the desktop service. Any PC with a browser and an internet connection may access this. MT: The Webtrader is well-known for its security and dependability, and it includes all of the same features as the desktop platform.

Products

The broker offers over 170 currency pairs and CFDs, as well as some indices, metals, commodities, and stocks:

  • 10+ ETFs
  • 120+ CFDs
  • 10+ indices
  • 2 valuable metals
  • Over 30 currency pairs.

However, the platform does not support cryptocurrencies such as Bitcoin.

TradeFW Отзывы

Spreads and fees

Spreads are often greater than those offered by other brokers. The usual score begins at 2.7 pips, which is approximately 1.5 pips higher than the industry average. Furthermore, spreads on the widely traded EURUSD currency pair begin at 3.2 pips. The spreads on Gold and VIP accounts start at 2 pips and 1.7 pips, respectively.

The information about spreads is not readily available on the internet; clients must compute it for themselves. This lack of openness isn’t exactly comforting. Large spreads might indicate that the broker is experiencing liquidity issues.

Fees for forex, indices, and commodities are not charged by the company. The platform, on the other hand, levies a 0.1 percent fee for share CFDs (or a minimum of 10 units of the base currency).

The broker’s commission rates and high spreads mean that this is not the most cost-effective broker. However, the broker does not charge any deposit or withdrawal fees, unlike some of its competitors.

Leverage

Depending on the item being exchanged, leverage of up to 1:30 is allowed. Other brokers may provide a high leverage, which may appeal to some, but high leverage bets are hazardous. Limits of 1: 30 are generally regarded as appropriate, according to the guidelines of various worldwide agencies.

  • Forex-up to 1:20 or 1:30, depending on the pair
  • Goods (up to 1:10)
  • Indices (up to 1:20)
  • CFD-up to a 1:5 scale
  • ETFs (up to 1:5)

Payments

Deposits

The firm accepts deposits made by credit card, bank transfer, or e-wallet. The broker advertises zero fees on deposits, but further reading of their legal documentation reveals that they charge a processing fee of 3% “at their discretion”. Customers can make payments through:

  • Visa, MasterCard, or Maestro Instant
  • 3–5 business days for bank transfer
  • 1–2 working days of dependability
  • Sofort-1-2 working days
  • Instant Neteller
  • Skrill Instant

A basic account requires a minimum deposit of 250 currency units. Most other online forex brokers ask for a smaller deposit. Deposits in GBP, AUD, CAD, and SGD will be translated using the usual conversion rate on the day of deposit since accounts can only have a base currency of EUR or USD. You may have to pay conversion costs.

Withdrawals

There is no commission charged by the firm. It also strives to handle customer funds on one business day, which is significantly faster than other brokers. Traders should be advised, however, that withdrawals must be conducted in the same manner as deposits to comply with anti-money laundering requirements.

Additional features

The broker offers a limited range of instructional resources, including a dictionary of trading terms and a few web pages outlining the basics of CFD and FX trading. It also has a blog, which can be seen on the company’s webpage.

The broker promises to hold a series of trading seminars, although none are listed on their calendar right now. Technical tools like a pips calculator and a trading calendar are not provided, which is unusual for a broker. However, some of these capabilities may be found on the MT4 platform.

Account Types

TradeFW retail clients have access to three account levels:

  • Standard Account: For this type of account, the minimum deposit is $250. Spreads start at 2.7 pips, with a maximum leverage of 1:30. The minimum contract size is 0.01.
  • The gold account is the most popular account for retail traders. Clients can trade with tighter spreads than on a standard account, starting from 2 pips. The minimum contract size is 0.05.
  • VIP Account: This account offers spreads of just 1.7 pips. The minimum contract size is 0.1.

The brokerage also offers a professional account with lower spreads and higher leverage. The broker uses the STP model for this service and does not act as a market maker.

Security

As a CySEC-certified broker, this broker is legally responsible for safeguarding the safety of its customers and their investment funds. This implies that all money is held in major EU banks (such as the Bank of Cyprus) and that consumer and company funds are kept separate. “The broker is also a member of the ICF (Investor Compensation Fund), which means that the capital is protected in the case of a rare occurrence, such as the broker’s liquidation.

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5 thoughts on “TradeFW Reviews”
  1. I have read reviews about the company, and everyone’s opinion is different, but I decided to trust them. I have been trading for three months. Like all brokerage companies, there are pros and cons, but on the whole, I am satisfied for the time being.

  2. I signed up here on the recommendation of a friend. At first glance, everything is very open, and transparent. I do not regret that I tried to work with them, let’s see

  3. I personally have been trading with them for the second month. They help me understand everything and answer any questions. I am still learning, I have already made some profit on my trades. I cannot assess my broker, as I am not an expert in this field. I am satisfied with them!

  4. I have been cooperating with Tradefw for a long time, I am very satisfied and my earnings at the moment are decent.

  5. For two months I was looking for a company to make money with. My friend recommended this company to me. He introduced me to his analyst and I have been working with him for a month. I have nothing bad to say yet, time will show.

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