🔥 Tradedwell Test 2021: Broker Experience & Rating

Tradedwell.com is a new one Forex and CFD brokerswho is based in Cyprus. The experienced trader will know: If a company is at home in Cyprus, then the Cyprus Securities and Exchange Commission, the CySEC, the financial supervisory authority of Cyprus, acts in the background. And since Cyprus is part of the EU, the same rules must be followed here as in Germany or France.

Nevertheless, when it comes to the question of whether it is a recommendable broker, it is not only a question of security or reliability, but ultimately also of the offer, the fees and the user-friendliness. It is therefore important to check out the preferred broker in advance so that you can find out whether it falls into the recommended category or not.

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The pros and cons at a glance

The offer is particularly convincing crypto currencies be. Tradedwell has over 30 CFD cryptocurrencies available. The wide range is probably due to the fact that the provider is still young and of course knows that the interest - especially in the last two to three years - has increased enormously. But in addition to the wide range of digital currencies, Tradedwell also scores with many learning materials. There are courses, eBooks, tutorials as well as VODs and various specialist articles on specific topics. Furthermore, Tradedwell convinces with individually set up News such as alarm functions and provides an economic calendar to disposal. Another point that will especially delight the stock fans: there is no commission.

But of course there are not only advantages worth mentioning, but also one or the other point that attracted negative attention. Some of the spreads are not attractive; there is also an inactivity and withdrawal fee. And in the end, Tradedwell provides “only” 250 trading instruments - this may be sufficient at first glance, but if you compare the offer with the competition, you will find that Tradedwell cannot keep up here. 

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The offer

As already mentioned, there are just 250 trading instruments at Tradedwell. Thus, compared to the competition, you are below the average offer of one Online brokers. However, this may not bother crypto fans, as Tradedwell has a variety of different digital currencies available. There are also CFD futures and various future contracts from various exchanges such as the CME or ICE as an underlying. Various international markets are available - so you can go to the most diverse markets trade in stocks, indexes, foreign exchange, precious metals, crypto or commodities CFDs. 

Tradedwell may also convince in the field of foreign exchange. There are of course majors here, although there are also an attractive number of secondary currencies and many exotic currencies are available. You can also trade the US dollar / Indian rupee currency pair here. But products such as cocoa, orange juice such as copper and cotton are also available if you plan to work with raw materials that are not everyday. 

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The fact is: Tradedwell offers

• more than 145 shares
• more than 45 currency pairs
• about 30 crypto currencies
• over 20 indices
• over 20 goods
• over 3 metals
  

If you are satisfied with the offer, nothing speaks against the fact that there are “only” 250 trading instruments. Ultimately, it is only important that personal favorites are available.

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The account opening

If you want to open an account with Tradedwell, you have to go through the compliance check in advance. That is, one wants on the part of the Online brokers Ensure that the trading risks are understood so that they can be easily admitted to the market. 

Furthermore, your own identity must be confirmed - here either with a color copy of the passport, the driver's license or the national ID. Since the address must also be confirmed, an account statement or an invoice from a utility company must also be sent - however, the statement or the invoice must not be older than three months. 

The account opening itself is self-explanatory and will not pose any challenges even to beginners.

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Experiences and customer opinions: what do the traders say?

Tradedwell scores with a very modern infrastructure. Anyone who visits the website will immediately notice that the focus is on digital currencies and crypto market has been laid. In addition, Tradedwell convinces with a variety of different account models. In this way, you can satisfy your individual wishes and ideas even better, as various methods are provided here.

Of course, the swaps as well as the spreads depend on the account status. If you reach the platinum account, for example, the swaps and spreads are very narrow; however, the spreads could be more attractive for the silver account. It should be noted that there is no trading commission - the all-in commission promise is 0 percent.

The fact is that with the available trading assets many international markets are covered. This may also be mentioned positively again and again when looking for customer opinions such as test reports. The quick execution of trading positions and orders are also positively mentioned. This is guaranteed by the SAS 70 certified data centers.

The testimonials that can be found on the Internet may be largely positive. Of course there is one or the other rather critical evaluation, but in the end Tradedwell convinces across the board.

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The trading platform

Various options are available from Tradedwell as a trading platform. Meta Trader 4 (MT 4 for short) is a very popular desktop trading software. There is also an app as well as the web trader. 

MT 4 is one of the most popular and well-known programs in the world. MT 4 is robust, flexible and fast and can be used on Windows and MAC computers. If you have registered via Tradedwell, you can use MT 4 or, if you are still unsure, take a look at the free demo account in advance.

MT 4 is also offered by Tradedwell as a WebTrader. This means that you can also access the account from any computer. Due to the fact that the same functions are available with the web trader as with the installed platform, you do not have to accept any disadvantages here.

This is also not the case when working with the app. If you want to access your account while on the go, you should download or install the Tradedwell app. The app can be used on Android as well as iOS devices. 

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The account models

If you register with Tradedwell, you will notice that three account types are offered here: the silver account, the gold account and the platinum account. Each account has different terms. Which account is ultimately used depends on how high the deposit amount is as well as what your own trading behavior looks like. Because after registration, the account manager will contact you by phone and then ask a few questions about setting up the account. 

Silver account:

• The maximum leverage (retail) is 1 in 30 or 1 in 200 (Pro)
• The spreads start at 0,07
• Allow 5 days for a withdrawal
• There is a free demo account
• Support is available 24/5
• The swap discount is 0 percent

Gold account:

• The maximum leverage (retail) is 1 in 30 or 1 in 400 (Pro)
• The spreads start at 0,05
• Allow 5 days for a withdrawal
• There is a free demo account
• A free VPR is available
• There is the personal account manager
• The offer also includes webinars such as videos
• Support is available 24/5
• The swap discount is 25 percent

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Platinum account:

• The maximum leverage (retail) is 1 in 30 or 1 in 500 (Pro)
• The spreads start at 0,03
• Allow 5 days for a withdrawal
• There is a free demo account
• A free VPR is available
• There is the personal account manager
• The offer also includes webinars such as videos
• Support is available 24/5
• The swap discount is 50 percent

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The deposit methods

If you want to make a deposit, you will notice that Tradedwell offers a real variety here: 

• Inatec (PowerCash)
• InPay
• Isignthis
• Maestro
• MasterCard
• Neteller
• Paydoo
• Paysafe
• SafeCharge
• Skrill
• solid pay
• Trustly
• VISA
• Wire Transfer
  

Due to the fact that a large number of payment methods are offered here, it is very likely that you will find the option you prefer. That means you don't have to compromise when it comes to the deposit. 

The withdrawal fee is 50 euros, provided that no “noteworthy trading activities” have been set before the withdrawal request. This means that in order to avoid the withdrawal fee, you should set appropriate activities in advance. It should also be taken into account that additional fees may apply for a payout amount of less than 100 euros.

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The customer service

If you have any questions, you can contact customer service. Tradedwell provides various channels here: Employees can be reached by telephone hotline, write an e-mail, use the contact form on the homepage or even start a live chat.

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Is Tradedwell serious?

Of course, there is also the question of whether Tradedwell is a reputable provider. Because the best offer is negligible if there is evidence that fraudulent activities are being pursued. 

Tradedwell is regulated. Due to the fact that the online broker is located in Cyprus, the Cyprus Securities and Exchange Commission - the CySEC - is responsible for regulation. This is a well-known financial regulator.

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The conclusion

Tradedwell may be an interesting online broker that offers some highlights. If you find that Tradedwell meets the self-imposed requirements, we recommend Bitcoin-News.oneto study the offer in more detail or, if necessary, to open an account.