Reviewing TradedWell – Trade more than 170 assets with this broker
In recent years, the Forex trading market has grown largely. There are new brokers being established every day, offering traders different types of services. However, newcomers in Forex tend to be a little confused on which company to trust.
Today, we are going to review TradedWell, which is a fairly new Forex broker. Although it does not have decades-long of history, it has already managed to attract thousands of traders because of the services that it offers. The Forex broker offers traders of any level of experience and expertise to create and develop their own individual trading style. The broker is a fast and technically secured broker, offering traders access to markets like Forex, stocks, indices, cryptos, and many others.
But, there is much more that goes into the offerings of this Forex broker. So, if you are looking forward to learning more about TradedWell and everything that it offers, follow our guide and start trading in a few easy steps.
TradedWell review – What does this broker has to offer?
While choosing a Forex broker to trade with, you should focus on many different factors. One of the most important ones is the regulations. TradedWell is a broker that focuses on Europe, offering services to dozens of countries. Since the broker is offering services to European traders, it has to follow several strict rules.
The Forex broker is heavily committed to providing transparent services to its clients. It is able to do so by following the regulatory guidelines of the Cyprus Securities and Exchange Commission, by CySEC. The license number of the company is 298/16. Since Cyprus is a member of the EU, the regulatory authority of the country is a participant of the European Securities and Markets Authority, better known as ESMA.
The broker owns a cross-border license, which means that it is able to offer services throughout the regulatory framework of the EU. The regulatory framework is envisaged by the European Markets in Financial Instruments Directive, MiFID II, which was adopted to harmonize the financial markets throughout the region.
The MiFID II improves the efficiency of the market and increases transparency, and further protects traders in the market. The Forex broker has also adopted different types of policies to further protect the rights of retail traders.
How are your funds kept safe?
The regulatory framework that TradedWell follows envisages several policies. First of all, the broker keeps the funds of its clients on segregated bank accounts. The funds of the clients are kept with leading EU banking institutions, which are highly reputable.
The company also is a part of the Investor Compensation Fund, ICF, which ensures that the company pays compensation to all clients if there is some type of problem. Thanks to the EU regulation, the broker can offer services to countries like Austria, Denmark, Germany, Italy, Norway, Spain, and many other EU/EEA-member states.
Review of TradedWell – Getting started
Signing up with the broker is not hard, it is a very simple procedure. You will have to first create a live trading account, and there are several of them available at TradedWell. According to your experience, you can create either of the available trading accounts:
- Silver Account
- Gold Account
- Platinum Account
For retail traders, leverage can go up to 1:30, while professional traders have access to leverage of 1:400. Gold and Account traders get swap discounts of 25, and 50 percent respectively.
Traders also have access to a demo account, which is an amazing way to start trading Forex. This way, you will be able to experience the market without having to risk any of your funds. A demo account can also be used by professional traders to test out the services of the broker. There also is an Islamic trading account available for those following the beliefs of Islam.
Trading assets available at TradedWell
Our review of TradedWell shows that the broker offers access to more than 170 trading assets. This is possible through CFDs trading, which offers traders access to the trading instruments without having to hold the actual assets. You can trade the following assets with TradedWell:
- Forex Pairs
There are various different currency pairs available at the Forex broker, including Majors, Minors, and Exotics. You can also trade both types of commodities, hard and soft. Traders have access to the shares of leading companies, including Microsoft, Apple, and many others. This is an amazing offering for those who want to diversify their trading portfolio.
Steps to start trading at TradedWell
Starting trading at this Forex broker is fairly easy and comfortable. First, you will have to create a live trading account. It should not come as a surprise that the broker follows the KYC policy, which is a very popular tool to fight against money laundering. Because of the Know Your Customer policy, traders might have to provide different types of documentation to verify their identity.
After you have created a live trading account, you can continue by making your first deposits at this Forex broker. There are no commissions or fees charged for deposits, and there are several different ways to make deposits. The minimum deposit at the Forex broker is $250, the payments can be done through several methods, including Visa, VPay, Mastercard, Maestro, Skrill, Neteller, and several others.
After you have deposited funds, you can start opening positions through trading platforms offered by the broker.
Reviewing TradedWell – Trading platforms
There are two types of trading platforms available at TradedWell, one is a web-based platform, called WebTrader. It takes just one click to access the international financial market with this broker. There is no need of downloading or installing the trading platform, it can be accessed through any browser. There is a wide range of analytical instruments available at the broker, making trading much easier. It also offers traders automatic stop loss/take profit functions.
The Forex broker also offers a mobile version of the trading platform. This is a great thing for those who are always on the go, this way, they can always keep in touch with the trading market. The application is available for both, iOS and Android users, through App Store and Play Store.
Learn more while trading with TradedWell
Our TradedWell review shows that this broker offers diverse educational material. You can find anything from EBooks to Webinars at this Forex broker. There also are special videos created by experienced traders for newcomers using TradedWell broker.
By using the educational material of the broker, you can learn more about the market and grow as a trader. Most of the material is prepared by professional traders who are sharing their own experience in Forex trading. These tips can be very useful for newcomer and advanced traders alike.
Can TradedWell be trusted?
Our review of TradedWell shows that this broker can be trusted by traders. It has worked very hard to create a safe and secure trading environment. In addition to safety, the broker offers traders access to more than 170 trading assets and a list of educational material.
There are three types of accounts available at the Forex broker, created to ensure maximum diversity. No matter what your interests in Forex are, you can easily find something that you like at TradedWell.