Review of TradedWell broker – Should you trust it?
When looking for a Forex broker, traders are focusing a lot on the safety of their funds. There are many brokers available in the market today, but not all of them are equally safe. There are some who have a very high standard for safety, while others focus more on their services.
TradedWell is a Forex broker that works tirelessly to offer its clients amazing services, while also focusing on the safety of its clients. The Forex broker does not have a long history, in fact, it was established in 2020. However, in recent months, it was already able to attract thousands of traders.
The reason behind this is that the broker actually cares about the experience that its clients have while trading Forex. In today’s review of TradedWell, we are going to discuss every little detail that makes this Forex broker better than the others in the market. So, follow our review and learn why you should start trading with TradedWell.
How does TradedWell safeguard your funds?
While looking for a Forex broker, it is very important to focus on the safety of your funds. While reviewing TradedWell, we were very glad to find out that it is in fact a regulated Forex broker. Not many people understand how important regulations can be in Forex trading.
Trading with a regulated Forex broker is much safer than with an unregulated broker. There are several reasons for this. First of all, because TradedWell is regulated by Cyprus Securities and Exchange Commission, it has to follow different types of requirements.
CySEC’s regulatory framework envisages that Forex brokers keep the funds of their clients on segregated bank accounts. TradedWell does so by partnering with leading Forex brokers in the EU. This means that your funds will be kept safe at all times. Even if something unexpected happens and the broker goes bankrupt, you will still be able to access your funds from your segregated bank account.
CySEC is following the Directive 2014/65/EU, also known as the Markets in Financial Instruments Directive, MiFID II, which is aimed at making the financial market safer and transparent in the EU. Every Forex regulatory agency in Europe is required to follow the rules of MiFID. This makes trading with TradedWell a very safe experience.
Steps to start trading at TradedWell
There are a few very easy steps that traders should take to get started at this Forex broker. First of all, every single trader will need to create a live trading account. There are several different options in this regard offered to traders, it includes:
- Silver Account
- Gold Account
- Platinum Account
All of these three created so that anyone can find something to enjoy at this Forex broker. If the offerings of these three account types are not enough for you, the Forex broker is also ready to offer you a special, professional account. This one, unlike others, offers higher leverage and better trading conditions to traders.
The leverage for other accounts can go up to 1:30, while professionals can trade Forex with leverage of 1:500 at this Forex broker. But this is not all, the Forex broker also offers a demo trading account. A demo account is a perfect way to get started in this market, especially if you are a complete beginner.
While using a demo trading account, the Forex broker will give you a certain amount of virtual cash that can be used for trading. This account can also be used by experienced Forex trading. They can test out different types of trading strategies and see which one is better for them.
Also, the Forex broker offers a special, Ismalic version of all the accounts that are offered by the broker. It is a very important thing, which makes the broker more accessible for everyone in the market. What happens many times in Forex is that not everyone is able to access this market. Thanks to the Islamic account, people who follow the beliefs of the Quran can trade Forex while also respecting their own beliefs.
Review of TradedWell – What can you trade here?
While choosing a Forex broker, it is very important to see what it has to offer. TraderWell Forex broker offers traders access to more than 170 trading assets. This means that you can very easily find something that you like and fits your needs. Among the trading assets available at this Forex broker, you can find over 30 cryptocurrencies, more than 45 currency pairs, the stocks of leading companies such as Apple, the most popular indices, and two types of commodities: hard and soft.
The Forex broker also offers access to precious metals, such as silver and gold. Such diversity of assets makes trading with this broker a lot of fun. You can trade anything that you want to with this broker very easily, in just a few steps. This can be done through CFDs trading.
CFDs are very useful tools for trading. They offer you the opportunity to earn profits without actually having to own any of the trading assets. Rather, you are earning money by speculating on the possible price changes in the trading market.
Forex trading platforms available at TradedWell
The trading platform is one of the things that you should focus on as much as you can while looking for a Forex broker to trade with. The platform is where you will be spending most of your time. Because of this, you want something that works really well.
This Forex broker offers a browser-based trading platform, WebTrader, which is an amazing platform for Forex trading. It offers traders different types of indicators and trading tools that make Forex trading much easier for traders. It also includes different types of charts, which will give you the ability to trade Forex and do your analysis at the same place.
There is no need for downloading the trading platform, it can be opened right from the browser that you are using.
While reviewing TradedWell, we also found out that this broker offers traders special mobile applications that can be used for trading. There are special versions of the application available for both, iOS and Android users. It can be downloaded in no time from App Store and Play Store and will give you the opportunity to always stay in touch with the Forex trading market.
Depositing funds on TradedWell account
After you have decided what you want to trade and how you want to trade, it is time for your to make your first deposits. It is very easy to make deposits on this Forex broker and there are no fees nor commissions applied to deposits. However, keep in mind that the minimum deposit requirement on this broker is $250, without it, you will not be able to open a live trading account.
There are several different ways you can make deposits. It includes traditional payment methods like Credit/Debit cards and bank transfers, as well as more modern payment methods, such as Neteller.
Is TradedWell a legit Forex broker?
After reviewing TradedWell and its offerings in greater detail, we were able to find out that this is a legit Forex broker. It offers amazing services, access to more than 170 trading assets, and outstanding educational material. The Forex broker has already won several awards for offering such amazing services.
Because of this and many other reasons that we have discussed in this guide, we recommend our readers start trading with this Forex broker.