People have been making their fortunes in the forex and stock markets for years. The concept of trading has existed for a long time and there are hundreds of thousands of people all over the world who participate in these financial markets. As a matter of fact, if you check the statistics, you will come to know that some of the richest and most influential people in world also made their money through financial trading. Despite knowing this fact, there are many people out there who don’t think about investing in these markets, even though there is a lot of money to be made.
This is due to the fact that most people believe that you need to have a huge amount of money, combined with detailed and in-depth knowledge and experience to be able to achieve success in this space. However, this is only a myth, especially when it comes to online trading. Since trading has gone digital, the few barriers that did exist have already been eliminated and anyone can try their hand in the financial markets, regardless of whether they have any experience or knowledge. Likewise, you don’t need to have thousands of dollars at your disposal either, as online trading can be done with minimal investment as well.
So, how can you take advantage of the opportunities in these markets? With online trading, it has become easy for people to do so because you can now trade from your office or home. You don’t need to venture out physically to make your trades because you can also find an online broker to cater to you. These play the same role as their traditional counterparts; they provide you access to numerous financial instruments and a trading platform to make your trades. Therefore, it is necessary for anyone who wants to trade in these markets have to first find a brokerage.
Without a broker, you will not be able to connect to the markets and will not have access to the tools needed for trading proficiently. As online trading has increased in popularity, the number of online brokers has also risen in direct proportion. This is certainly an advantage because it means that there are hundreds of options that you will find when you begin looking for a broker. But, this doesn’t mean that you pick just any broker to begin with. It is a given that each broker will claim to be great at their job and will promote their services, but this doesn’t mean that you can take their word for it.
Choosing a broker is an important decision because it can have a direct impact on your trading experience and your bottom line. If the broker doesn’t provide the necessary services, you could end up encountering a lot of difficulties. Eventually, you would have to switch brokers, which is a time consuming process and also results in missed opportunities. Hence, the ideal option is to be proactive and do your due diligence from the get go, so you make the right choice the first time around.
One of the brokers that will catch your eye when you start searching is TradeFW. Unlike many brokers in the market, this one is regulated by the Cyprus Securities and Exchange Commission (CySEC). It was established in May 2018 by iTrade Global (Cy) Ltd, which is based in Limassol, Cyprus. Not many brokers that you will find are regulated, but TradeFW is properly licensed to provide its services. It is a forex and CFD broker that provides you a ton of opportunities to explore and their website is localized and available in multiple languages, including English, Italian, Spanish, German, Russian and Dutch.
But, before you select this broker, you should know exactly what you will get when you sign up with them. Let’s check out their offerings:
|Trading Accounts||Standard, Gold, VIP and Professional|
|Assets Coverage||Forex, Stocks, Indices, Commodities and Cryptocurrencies|
|Trading Tools||Charting and technical analysis tools, trading indicators, price quotes, negative balance protection, risk management tools and Expert Advisors (EAs) for automated trading|
|Education and Training||Yes|
|Customer Support||24/5 customer support via email and phone number|
|Security Policy||AML (Anti-Money Laundering) and KYC (Know your Customer) policies, Investor Compensation Fund (ICF)|
|Parent Company||iTrade Global (CY) Ltd.|
|Regulation||Cyprus Securities and Exchange Commission (CySEC)|
- 1 Trading Instruments at TradeFW
- 2 Security and Privacy at TradeFW
- 3 Trading Platform at TradeFW
- 4 Registration Formalities at TradeFW
- 5 Trading Accounts at TradeFW
- 6 Bottom Line
Trading Instruments at TradeFW
The first thing that you should know about any broker is the trading instruments they are offering. This is of the utmost importance in the event that you are entering the trading space for a specific asset. You have to make sure that the broker is offering you the instruments you are interested in. Even if you are not particular in this regard, you want to make sure that they are capable of giving you profitable and diverse options, or else it wouldn’t make much sense. At TradeFW, you will come across a wide array of trading instruments, which belong to different financial markets.
As stated above, TradeFW is a CFD (Contracts for Difference) broker and this has allowed them to add more than 170 options to their offerings. This is undoubtedly a benefit for their clients because they can diversify their portfolio as per their preference. Any trader familiar with even the most basic knowledge is aware that diversification is one of the best policies for minimizing your risks and maximizing your profits. But, this can only happen if you have enough instruments to trade. With TradeFW, you can diversify without any issues because the broker is offering the following assets in the CFDs:
To start with, TradeFW has given its clients access to one the most prominent trading markets in the world. The stock market allows you to buy and sell shares of companies and make profits through their price movements. The broker has put together stocks of some of the world’s most notable companies, such as Microsoft, Apple, Amazon, Google, eBay and Facebook. They have also added stocks of some Italian companies like Unicredit, ENI and Fiat. In fact, you can even trade Cannabis stocks via the broker.
Commodities are also a popular trading instrument, particularly in low-risk traders and beginners, because they can offer consistent returns and are not that volatile. TradeFW gives their clients access to different categories of commodities, such as energies, precious metals and agricultural products. You can trade crude oil, Brent crude oil and natural gas, gold, silver, palladium and platinum or try out wheat, coffee, corn, cocoa and soybeans. This market works in the same way as the stock market and can give good profits.
This particular market involves in dealing with stocks of entire industries rather than individual companies. It focuses on the long-term outlook and is a very lucrative option for traders who are willing to take risks. TradeFW has given its clients an opportunity to trade indices of top shares in Wall Street and you can also try FTSE 100, NASDAQ and S&P 500, amongst others.
Anyone interested in the trading market is aware of the foreign exchange market, as it is the world’s largest financial market with a trading volume in excess of $5 trillion. Trading currency pairs can result in huge profits, whether you want to trade major pairs, minor pairs or are willing to trade exotic ones. TradeFW has added an extensive list of options, which include EUR/USD, GBP/USD, USD/JPY, USD/CAD etc.
Introduced in 2009, the first cryptocurrency Bitcoin changed the financial industry and there are more than 6,000 coins that can now be traded in this space. They may be volatile, but they have a lot to offer due to which every broker has made an effort to add these to their offerings. You can find some of the top cryptocurrencies like Bitcoin, Litecoin, Ethereum and Bitcoin Cash to trade at TradeFW.
Security and Privacy at TradeFW
While there is no doubt that online trading can provide a horde of benefits, it should be noted that there are also some risks attached to it. When trading online, you have to provide your personal information to a brokerage and also have to hand over your funds to them. This is a risk because cyberattacks are a common occurrence in the online world. As a matter of fact, in the last few years, the number of such breaches has only increased and this is a major concern for many traders.
Consequently, you would want to sign up with a broker that has taken appropriate security measures for protecting your information and your hard-earned money. Any trader that doesn’t take these risks seriously is also exposing you, which you want to avoid. TradeFW is a regulated broker, which means it has to comply with international standards of security and privacy. Under these regulations, they need to take all essential steps that are necessary for creating a safe trading environment for their clients.
In accordance with regulatory standards, TradeFW is also required to maintain segregated accounts for their customers. This means that they keep their clients’ accounts separate from their own company accounts in order to ensure that their funds are only used for trading activities and for no other purpose. This can reduce the possibility of a mix up or discrepancy. Moreover, the broker uses the top European banks for storing all funds, which minimizes the risk of theft and reassures traders about the security of their funds.
Apart from that, as TradeFW is regulated by the CySEC, it means that it is automatically part of the Investor Compensation Fund (ICF). This means that every client of the broker will be given compensation if the broker is unable to provide its services or files for bankruptcy. Hence, your funds will not be lost and you will get your investment back, as long as you don’t lose it during trading. In addition, the broker also has to comply with AML (Anti-Money Laundering) and KYC (Know Your Customer) policies. These are designed to reduce the policy of money laundering, terrorist activities or identity theft on the broker’s platform.
Anyone signing up with TradeFW has to fulfill the requirements outlined in these policies, which include providing documents for proof of identity and proof of residence. The former can be given by submitting a form of government-issued ID, such as national ID card, passport or driver’s license. For the latter, you need to provide a utility bill, which can be gas, water or electricity, or a bank statement that shows your name and address. Providing these is a must or else you will not be able to make any transactions via the broker’s platform.
Trading Platform at TradeFW
After you have ascertained how secure a broker is, you need to look at what kind of experience they can deliver. Your experience with any broker will depend on what trading platform you have available for executing your trades. This platform provides you market access and gives you the tools that are needed, and if it is lacking in any way, you may not be able to make the most of your trading activities. TradeFW is fully aware of the role a trading platform plays and so, they have not made any compromises in this area.
While there are numerous trading platforms that exist in the market, TradeFW has opted for the top choice; the MetaTrader 4 trading platform. The set of MT4 platforms is renowned in the trading space for its excellent capabilities and tools. You can find different forms of this platform in the market and the broker has added them to its offerings for facilitating their clients. The options you can explore are:
The MT4 WebTrader
As the name indicates, this version of the MT4 is designed to be accessed via the web browser and it works on any operating system like Windows, Mac or Linux. It doesn’t need to be downloaded or installed and provides the full capability that you would get from a desktop platform. It takes just a few clicks for you to be able to access your account and TradeFW has ensured that you can trade safely, as all data is encrypted. As far as features of the platform are concerned, it gives you access to your account history and lets you enjoy multiple execution modes and trading orders. Trading indicators and graphs are also available, along with chart time-frames. You can trade in a single click and benefit from superior trade execution.
The MT4 Desktop
Designed for traders of all skill levels, the MT4 desktop trading platform boasts powerful technology, along with an intuitive user interface and fast trading execution. This particular trading platform offers you access to an array of customizable features that can facilitate every trader. You will find analysis tools, an intuitive charting package, pre-installed trading indicators and multiple chart setup. One-click trading is available and traders are also given the option of downloading Expert Advisors (EAs) in case they want to take advantage of automated trading. TradeFW also allows its clients to build and customize their own trading indicators, use navigator window and order execution capabilities.
The MT4 Mobile Apps
In the last decade alone, technology has progressed significantly and mobile phones and devices have now become an integral part of our lives. People are using these devices for numerous purposes and trading is one of them. To facilitate their clients and to help them trade via mobile devices, TradeFW has also added the MT4 mobile apps to its offerings. These apps are available for both ecosystems i.e. iOS and Android. They can be downloaded easily, with minimal effort and allows traders to enjoy trading on the go.
No matter where you are, you can enjoy 24/7 access to your TradeFW trading account. The apps come with automated trading features, multiple screens, excellent execution speeds and an intuitive charting package. Traders can use all types of execution modes via the app, along with trading orders. You can also receive real-time quotes of market prices, which can be handy during decision making. It is also possible to trade directly on the charts and you can also get access to your full trading history. With these apps, it is possible for traders to take advantage of even the tiniest market movements.
Registration Formalities at TradeFW
One aspect of a broker that you need to take a look at is their registration formalities. In order to use their services, you will first need to register with them and then choose an account to open. The registration process varies from broker to broker, with some adding a lot of formalities that can often seem inconvenient and time consuming. TradeFW doesn’t have any such lengthy requirements and has kept their registration procedure simple for their clients.
To start the process, you need to visit the TradeFW website, where you will find the option of Open your Account mentioned on the top right of the homepage. Upon clicking this option, you will be provided with a simple form that you have to fill out. It takes you only a couple of minutes to do so because the form requires very basic information. You have to provide your first and last name, an email address, a password, choose your country of residence and enter a phone number. You should also confirm that you are at least 18 years of age and agree to the broker’s Terms and Conditions. These are mentioned on their website and you can go over them to ensure you don’t have any problems.
The registration process will be complete immediately, as there is no approval required. You can immediately move onto the next step i.e. choose an account.
Trading Accounts at TradeFW
When you have registered with a broker, you can now open an account with them, but are the accounts good enough? Brokers offer several account choices to their clients because not every trader has the same trading style or risk tolerance. At TradeFW, you will find four account choices available and each comes with a different set of features. These options are:
Offering spreads as low as 2.7 pips, the Standard account is for newcomers and offers 1:30 leverage with 0.1 minimum contract size. It comes with dedicated customer support and access to educational materials, along with an account manager.
This account offers spread at 2 pips, 0.5 minimum contract size and allows hedging. It is best suited to traders with some experience in the market.
The spreads are further reduced to 1.7 pips and the contract size is also down to 0.1. This is because the VIP account has been designed by TradeFW for intermediate to seasoned traders.
The last account choice that you will find at the broker’s platform is meant for professional and expert traders. Therefore, it offers you leverage as high as 1:500 because these brokers can afford to have a high trading volume. It gives access to all features offered by TradeFW and doesn’t have any limitations.
There are no charges associated with opening an account and you can create one for free, depending on the kind of trading conditions you want.
An education center, a myriad of payment solutions and round-the-clock customer support are some additional features that you will find at TradeFW. Its regulated status can give you peace of mind and the asset index allows you to diversify your portfolio in order to enjoy the full returns of trading.