TradedWell: A leading forex and CFD provider.
Tradedwell provides the traders with opportunities to trade CFD tradable assets like Forex, stocks, indices, cryptos, metals, commodities, equities and more.
TradedWell is a trading name operated by iTrade Global (CY) Ltd., regulated and authorised by the Cyprus Securities and Exchange Commission.
TradedWell offers clients access to more than 160 CFD tradable assets, including indices, shares, Forex, and cryptocurrencies. Clients can begin trading via the globally recognised trading platform, MetaTrader 4.
The clients have a choice in three different account types called Gold, silver and platinum. In addition, TradedWell offers a demo account for traders new to the market and an Islamic account for sharia-abiding traders.
The accounts primarily differ based on a VPS and discounts provided with the overnight swap charges.
Research material provided by the broker is one of a kind and is presented to the client in the form of neatly curated articles and correctly indented tutorials and E-books.
The material is top-notch and can be considered suitable for both novices and veterans.
The traders can reach the customer support of the broker between 08.00 to 18.00 (GMT). Clients can approach in different languages and also via phone, mails and live chat.
Deposits and withdrawals are generally fee-free. However, it is essential to point out that, in some cases, a withdrawal fee is applicable.
There are also inactivity fees that the broker charges after 60 days of trading inactivity. In addition, customer support is offered in multiple languages via phone, email and live chat between 5 days a week.
TradedWell: Tradable Assets
TradedWell offers its traders to trade on more than 170 CFD tradable assets.
However, trading CFDs is safe with this provider. TradedWell happens to be a reliable broker as it has not been hiding any information from the clients since its inception.
The tradable assets that the broker offers trading in the very liquid foreign exchange market, the competitively volatile crypto and the most traded equities. All of these are just the titles of the list of assets.
For example, the broker provides trading in currency pairs in almost all of the competitive pairs.
The broker offers trading in the most volatile cryptocurrencies and the new ones that the market sees every day when it comes to crypto. However, the radius that traded well covers in terms of tradable assets is astonishing.
It has to be kept in mind that CFDs are complex trading instruments and should be taken care of.
These are financial instruments that bring in the adrenaline of the trader, but without the proper knowledge, the loss is all that there is—nothing else. Knowledge can increase the trading experience of the trader.
It has to be kept in mind that when traders trade CFDs, there is a risk of losing money rapidly compared to traditional trading.
TradedWell Trading Platform:
The broker offers the MT4 in three different forms for the traders to enjoy trading. First, the platform has a web trader functionality, with a mobile application functionality as well.
Web-trader is beneficial for traders who want a dedicated trading environment. But, on the other hand, the mobile application is more beneficial for the people who want to trade actively.
Clients can download the mobile application for Android and Apple both via the app store and the play store, respectively.
All the three trading platforms offered by the broker are different faces of the MT4 platform only. However, MT4 is known to be the best when it comes to trading in Forex.
The Oldest and the best platform in town, MT4 has had its lineage succeeded by the MT5. TradedWell, however, does not provide MT5 as a trading platform to its users.
Below are some of the pros of the platform provided by TradedWell.
- Multiple timeframes
- Ability to trade numerous classes of assets
- An astonishing range of indicators and technical tools
- The user was friendly for both Mac and PC.
TradedWell MetaTrader 4
- Customisable to the extremes of customisation
- Charting gets advanced.
- Introducing automated trading
- More than 50 built-in indicators.
TradedWell Account types
The broker provides the clients with a choice to choose from three different trading accounts—silver, Gold and platinum. Apart from the three standard accounts, the broker offers the traders an option to use a free demo account and an Islamic account. The Islamic account can be used by the sharia abiding traders.
Each trading account has a different use and can be used by traders with varying experiences in the market. Novice traders should ideally use both the gold and silver accounts. The platinum account, however, is better for veteran traders. Each account comes with a dedicated account manager.
The silver, platinum and gold accounts, all the three come under the account segregation benefits that the broker provides. The Silver account is best suited for someone who does not know what trading is but still wants to learn.
TradedWell account opening process:
To open an account with TradedWell, the client has to click on “Open Account”, which is present right on the homepage of the broker’s official website. Then, the users are asked to provide their details in terms of address and identity proofs.
Also, the traders have to fill up a questionnaire.
The last steps of this whole process include verifying identity documents that shall not be less than six months old. These can consist of a passport or a DL. The broker does not accept clients from the USA.
TradedWell Deposit and withdrawal options:
The broker offers a lot of different deposit and withdrawal options. The deposits are 100% free, with the withdrawals being subject to a bit of surcharge in some cases.
The Methods to take funds in and out include Skrill, Trustly, iDeal and more. The deposits are primarily instant but can also vary, depending on the client’s bank.
The withdrawal processes happen on business days only—requests related to withdrawals that are submitted before 07:00 GMT can be processed on the same trading day.
Apart from this, if the client is interested in withdrawing an amount less than 100 euros, then they will be informed about the charges in advance.
Those charges are applicable under broker policies. It has to be kept in mind that the broker can charge the traders for their withdrawals, including a 50 Euro withdrawal charge if only one trade is placed from the account.
The funds can be withdrawn or deposited once the client logs into the client portal area and click on payments. From there, the trader can decide whether to buy or sell.
Is TradedWell Scam: Regulations
iTradeGlobal is the parent company of TradedWell and happens to be regulated by the Cyprus Securities and Exchange Commission (CySEC).
- The client funds are kept in segregated accounts that differ from the ones in which company funds are held.
- Provides a policy for negative balance protection.
- Access to the membership to the investor compensation funds.
- License number (298/16).
Thus, the following characteristics testify to the legitimacy of the broker.
Trading Features provided by TradedWell:
TradedWell provides all its clients, a dedicated accounts manager, and the Gold and platinum account clients can access VPS if they are interested in the lower latency for trading.
All the clients have an accounts manager plus, the Gold and platinum accounts holders can always access a VPS for better execution speeds. VPS will also allow the trader to have zero downtime while trading.
This is useful for the people who have automated trading strategies that are constantly running.
The traders also have access to the features from the MT4 marketplace that the platform provides the user interface, including the services like copy trading, trading strategies and custom programming services.
TradedWell Commissions & Spreads
Trading with TradedWell is mostly commission-free with the broker, but the swap costs and spreads can vary depending on the asset and the account type selected. The spreads for the silver account in terms of Forex is given below.
- Silver account, beginning from 2.8 pips
- Gold from, starting from 2.0 pips
- Platinum, starting from 1.8 pips
For the accounts that are non-Islamic, the swap charges, also known as overnight funding, are charged only for the positions that are held overnight. If the positions are held for more than a weekend, the charges will be deducted the following Wednesday.
During the case of no trading activity for the past two months, the inactivity account fee will be deducted from the funds associated with that account.
TradedWell Customer Support:
The broker offers multilingual customer support. The ways with which the traders can contact the broker are live chat and email. In addition, TradedWell addresses queries via the contact us page. The live chat also features a FAQ that covers the trade-related questions related to the accounts verification process.
The customer support is active between 08.00 to 18.00 GMT, five days a week. They can be contacted via phone, live chat and emails. It takes typically 30 seconds for customer support to respond after a query is raised.
Isiodou, Andrea Laskaratou & Emanouel Roides Street 10-12, 2 Floor, Ayia Zoni, 3031 Limassol, Cyprus
- Social Media:
- Email: [email protected]
The broker offers trading based research material to traders via its articles portal, the daily news section and an economic calendar.
The broker has a neatly curated news section that provides the traders with access to the articles section, a seasonal and economic calendar.
The daily news section provides articles based on the crux of what trading is and has the most important content that the client would need to become better at trading. In addition, the news section includes news daily’s like the US daily market review, European daily market review. All of these cover a wide variety of the market.
Traders can also be constantly updated about the future and upcoming events with the economic calendar and use that to track the upcoming events for the US-based stocks.
TradedWell Education to the trader:
The broker offers a plethora of trading based material that both the novice and veterans can use. This can be done via trading videos, E-books and Courses.
TradedWell provides the traders with a lot of trading based education material that can be practically used by anyone who wants to be good at trading. The offered resources include:
- Trading Videos:
These videos cover topics like risks induced in trading, the importance and crux of technical analysis, and a lot of trading strategies.
The broker provides good coverage of the trading books rich with the basics and strong enough in content to make the trader understand the complexities of things like traders’ psyche and analysis.
- Tutorials for the mobile and desktop platforms of the MT4.
- Courses that include topics for the beginner and advanced levels of trading.
TradedWell is one of the best brokers there are for trading in currency pairs. The broker is completely safe and not a scam. It is safe to trade CFDs with this provider. However, CFDs are complex trading instruments and should be dealt with the utmost care by investors.
Is TradedWell regulated?
The broker is a subsidiary of the firm Itrade Global, which happens to be regulated by the Cyprus Securities and exchange commission.
Where is TradedWell based out of?
Isiodou, Andrea Laskaratou & Emanouel Roides Street 10-12, 2. Floor, Ayia Zoni, 3031 Limassol, Cyprus
How does the broker make money?
TradedWell earns majorly via swaps and spreads that are variable in terms of assets and type of accounts.
How do I deposit or withdraw funds in the TradedWell account?
The funds are deposited via credit/debit card, via bank transfers and Electronic wallets like Neteller, Skrill and a lot more.
What is the minimum deposit for the broker?
The minimum deposit is $250.
How do I withdraw money from the TradedWell account?
Withdrawals, as mentioned above, can be done via credit/debit cards and e-wallets as well.
What is the max leverage provided byTradedWell?
The retail clients can enjoy max leverage of 1:30, and the professional ones can enjoy leverage up to 1:500.
How do I open an account with the broker?
The account can be opened with one single click and can be done with just. A few and easy steps.
Does the broker provide MT4?
Yes, it does.