TradedWell Review

tradedwell review
Min Deposit

$250

Min Spread

0.07

Regulation

CYSEC

TradedWell was founded in 2020 in Cyprus. It is a brand of iTrade Global(CY) Ltd. This new broker already made headlines as it provides 170+ CFD, flexible leverage, no hidden fees and cross trading platforms. However, we need a TradedWell review because, with all these benefits, the question arises is it too good to be true? Is it real or a scam? 

Let’s find out in this article and read more about TradedWell and know about TradedWell and its benefits. Lets’ dive right into it:-

Tradedwell Review: Pros and Cons

TradedWell has several pros for traders opting to trade with it. Here are some:- 

Pros:-

  • NO hidden fees:-
  • Multiple Options:-
  • Cross trading platforms
  • Flexibles leverage based on account type and financial instrument
  • Customer help

Cons 

  • MT5 is absent 

Is TradedWell Scam ? : Regulations

The Limassol, Cyprus based broker is registered under Cyprus Security and Exchange Commission (CYSEC) with a license number 298/16. It is licensed and regulated by Cyprus Security And Exchange. TradedWell is also registered with FCA(Financial Conduct Activity), AFM( Authority of Financial Market), FI (Swedish Financial Supervisory Authority), FMA(Financial Market Authority Austria), HANFA(Croatia Financial Service Supervisory Agency), CNB(Czech National Bank), FI (Financial Inspection), BaFin (Federal Financial Supervisory Authority) and more. SSL technology is used to protect funds. 

The registration number of the broker is HE335424. So, it is safe to trade with TradedWell, and it is not a scam. 

TradedWell review: Trading Account Types

TradedWell offers three types of primary accounts to its users- Silver, Gold and Platinum. We will dive deep into each account and learn more about them and their features:-

 Silver Account:-

  • 1:30 leverage for trading account 
  • 1:200 for a professional account
  • account manager
  •  Hedging
  • Investment news

Gold Account:-

  • 1:30 leverage for trading account 
  • 1:200 for a professional account
  • Account manager
  •  Hedging
  • Investment news
  • free VPS
  • Swap discount of 25%
  • Fifth Decimal

Platinum Account

  • 1:30 leverage for trading account 
  • 1:200 for a professional account
  • Account manager
  • Hedging
  • Investment news
  • free VPS
  • Swap discount of 50%
  • Fifth Decimal 

Professional Trading Account 

  • 1:200 leverage
  • Quick execution and a mindblowing speed of 100 GBPS bandwidth 
  • Over 500,000 investment size to trade
  • Ten transactions per quarter
  • Trade size of $10,000 for Equities, $25000 for indices , $50,000 for forex or currency trading.

Islamic trading account

Islamic Account is for the believers of shariah. Generally, there are numerous charges for Muslims account holders.

But Tradedwell offers:-

  • no hidden fees,
  • No overnight charges and swap charges for holding position
  • no time limit to hold a position
  • there is no spread widening 
  • no upfront commission

Traders can trade at a low cost, and it is flexible for them due to these features.

Demo account 

A demo account is an account where you can learn and practice trading without real money. The broker provides a demo account for free and gives you virtual money to practice. So you learn trading by practice without losing real money. Demo accounts help you create a strong strategy and build confidence before trading in the live account. 

TradedWell review: Account Opening

If you want to open an account in TradedWell, then follow these steps:-

  • First, go to the website https://www.tradedwell.com , click on the open account button.
  • A form will open where you have to fill in your personal; details and then click on create an account after accepting terms.
  • After you click on create an account, you will be directed to the next form, where you have to fill in information related to the account and click on next.
  • After clicking next, there will be a questionnaire related to your trading and stock market knowledge that you have to answer. After answering those questions, click on next.
  • Now, there will be a page where you have to submit documents for verification. Provide your government ids like a passport. Then click next.
  • It will direct you to the payment page where you have to make a payment. You can make payment from MasterCard, Visa, Maestro, EMerchantPay, SafeCharge and PaySafe.The minimum deposit is $250. There are numerous options, and you can easily make payments, and it’s quick and safe 

After following all the steps, you create an account with TradedWell, and now you are good to go. You can start your journey in the stock market with five simple steps. First, it’s time-saving and safe. It’s safe because Cyprus Securities And Exchange Commission regulate it, and there is customer support service if you have issues. 

TradedWell review: Trading Platform

TradedWell provides three trading platforms:- Webtrader, Mobile app and MT4. Let’s talk about every platform and know what are the benefits and features of these platforms:-

Web trader

Webtrader is a platform you can use with your favourite web browser, and this app doesn’t need any extra software. This platform is handy as you can easily use it any time you want, and you don’t have to sit in the same place. Webtrader offers you fast order execution, so you will not miss any opportunity present in the movement. You have the same toolkits and instruments as other platforms, and these instruments will help you in technical analysis and predict movement while executing a trade. 

MetaTrader4 (MT4):-

The popularity of MT4 is at its peak in the industry. You can easily access this platform because it is straightforward. Easy to understand interface with one click trade execution. There are a variety of tools, and they are customisable. It is available for different platforms, different languages and offers hedging and backtesting. The process in MT4 is transparent, which makes it easy to use for tech-savvy and non-tech-savvy users. 

There is one more platform we will discuss in the next topic:-

TradedWell review: Mobile App 

TradedWell mobile app is a handy option to trade, which is available on both Android and IOS. You can trade according to your will. You don’t have to sit at one place to trade, and you can do this while being on the move. 

There are options like:- 

  • Real-time balance check
  • Stop loss and take profit functions
  • A multilingual support option 
  • 60+ analytical tools like Japanese candlestick, bars, a broken line like Fibonacci retracement, charts and more 
  • One-click execution
  • 7 different timeframes.
  •  Numerous financial instruments to trade. TradedWell offers 170 assets to trade in CFD.
  • Quick notification and news 

TradedWell review: Trading Instruments

There are several options to trade in TradedWell:- 

  • Commodities in which you can trade in raw items and daily use items like sugar, rice, wheat, etc 
  • Indices in which you trade a variety of stocks in an index.
  • Metals in which you can trade metals and precious metals. 
  • Cryptocurrency in which you can deal with digital currency like bitcoin, ethereum, dogecoin. 
  •  Share in which you earn a part of a company and deal in shares like vanguard, Franklin, Ishares and others.
  • Futures in which you deal in future prices of stocks through contracts
  • Dealing in equity and bonds and mutual funds for long term investment and profit. 

TradedWell review: Commission & Spreads

There are different charges and spreads in TradedWell. Let’s review all the charges and spread:-

Spread:-

TradedWell provides 28 PIPs for the silver account, 20 PIPs for the gold account and 18 PIPs for the platinum account while dealing in currencies. But for EUR/GBP, it is 80 for the silver account, 70 for the gold account and 60 for the platinum account. For gold, it is 80 for the silver account, 70 for the gold account and 60 for the platinum account. For crude oil, it is 250 for the silver account, 200 for the gold account and 200 for the platinum account.

TradedWell Review: Leverage

There are different leverages in TradedWell. Let’s discuss:-

  • For forex, leverage is 1:200 in Silver, Gold and Platinum Accounts. 
  •  For Gold and Silver, leverage is 1:125 in  Silver, Gold and Platinum Accounts. 
  • For Indices, leverage is 1:125 in  Silver, Gold and Platinum Accounts. 
  • For commodities, leverage is 1:125 in  Silver, Gold and Platinum Accounts. 
  • For Stock, leverage is 1:50 in  Silver, Gold and Platinum Accounts. 

TradedWell review: Deposit and Withdrawal

The process to deposit is easy, and it is backed by SSL technology which means it is safe. There is no charge when you deposit money, but the minimum initial deposit is $250. 

There are several options to deposit and withdraw money, and it takes 3-5 working days to do so. Options to deposit and withdraw money are:- 

Neteller, bank wire transfer, Skrill, credit and debit cards etc. 

You can pay in USD, EUR or GBP as well.

TradedWell review: Educational and Research Support

The broker offers chapters, articles, editorials and columns for helping traders understand the basics of financial trading. In addition, the material provides in-depth information and knowledge to subscribers and elevates their trading standards. Moreover, there are trading courses and assets hub which help in excelling the level of a trader. 

There are several articles related to the financial market that can help you in learning. 

Research Support

There is an economic calendar from which you can know about all the events related to economics and all about the economic data releases. Earnings report season and trade ideas help in analysing the market deeply. 

TradedWell review: Customer Support

TradedWell provides customer support in several ways like email, call and live chat from 7:00-18:00 GMT. TradedWell offers support from Monday to Friday. You can email capitalise[email protected] or call on +448000318499, and there is live chat support on the website. 

Final Verdict:

TradedWell is a broker you should look out for because it provides you with low-cost trading with bare minimum charges and no hidden cost. Different types of accounts and features are beneficial for new, intermediate or advanced traders. The MT4 trading platform is easy to use. You can trade on the move with these platforms. 

There is a good amount of leverage on accounts which helps traders trade large positions with a small amount. TradedWell also helps shariah believers as it offers an Islamic account feature with no overnight charges or other fees. In addition, the account holders can hold positions without limit.

FAQ

Opening an account is simple. Visit the website(https://www.tradedwell.com), click on open account, fill in personal and account-related details, answer a few questions, submit documents and verify and last deposit money. 

You can contact customer support through email([email protected]), call(+448000318499) and live chat. The support is available from Monday to Friday between 7:00-18:00 GMT.

It is compatible with mobile phones (iOS and Android), tablets and desktops. 

There are options like skrill, VISA, MasterCard, Maestro and others for deposit. One-click deposit.

The broker offers up to 1:30 leverage for retail traders and 1:200 for professional traders.

$250 is the minimum deposit for opening an account.

Yes, it is legit as it is regulated and licensed under Cyprus Security and Exchange Commission (CYSEC) with a license number 298/16.

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