Is TradedWell a legit broker?
When it comes to online trading, you should choose your broker carefully. First thing, you need to make sure that the broker is legit. How do you do that? By verifying regulation, fees, headquarters, and country of operation. We decided to answer all of these for you. If you are considering opening an account with this broker, you must read TradedWell reviews first!
|Regulated by: CySEC|
|Headquarters Country: Cyprus|
|Foundation year: 2016|
|Platforms: Web trader|
|Instruments: FX, crypto, commodities, indices, shares|
TradedWell Regulation and Security
TradedWell broker is located in Cyprus and regulated by CySEC. The company was founded in 2016. TradedWell is a trading name of former iTrade Global Ltd. Other than “TradedWell,” the company is operating also under the names TRADEFW and INVESTFW.
When it comes to the security of the funds, the company does not offer much information. It is working according to the AML policy and keeping funds in segregated accounts. Every transaction is protected by the SSL security system. That is what we know so far. According to our review so far, we can say that the broker is safe within the EEA zone.
What Can You Trade With a TradedWell Broker?
TradedWell broker offers a trading solid range of trading instruments. Clients can trade with currencies, cryptos, indices, commodities, and shares. The trading platform this broker provides is only a web trader, which is not so good because web traders are easy to manipulate. The company is also offering auto trader, which is a favorite tool of scam brokers.
When it comes to leverage and spread, this broker can be classified as standard. The maximum leverage for standard accounts is up to 1:30. For professional accounts, leverage goes up to 1:500. The spread starts from 0.07 pips.
The minimum deposit with a TradedWell broker is 250$. The deposit can be made via debit/credit card or E-wallet. The same methods can be used for withdrawal. When it comes to fees, the company does not charge any fees for deposits and withdrawals.
There are 4 main account types: silver, gold, platinum, and professional. The higher level of the account trader has, the more discount on swap he gets. Also, the leverage gets higher. This is not so good because the traders are practically pushed to open higher accounts and decrease the swap, but it puts them at higher risk. Besides these main types, the broker is also offering a Demo account.
Conclusion About TradedWell
Based on our TradedWell review, we can say that this broker is average. It offers standard account types, standard minimum deposit, and standard leverage. It does not stand out in any way. On the other hand, it offers only web traders, which is not very popular with experienced traders. There are no bonuses or offers that would make this broker stand out. Our conclusion about this broker is that it is safe as long as you belong to the EEA zone. The regulatory body of Cyprus is monitoring the activities of this broker. Make sure that the broker is regulated in your area before opening an account!
More TradedWell reviews about clients’ experience and brokers working with you can be found on globalfraudprotection.com.