There are many online brokers, but how do you know which one to trust? Beginner traders, in many cases, are having a very hard time telling which broker to use. But, there actually are many great brokers that are offering traders a very high standard of safety and security.
One of the Forex brokers that we were very glad to find is the TradedWell. This Forex broker offers investors access to more than 170 assets, and the standards of safety are very high. We have reviewed TradedWell to find out what exactly this Forex broker offers to its clients.
So, if you want to learn more about TradedWell and everything that it has to offer, follow our review as we discover everything that there is to know about this broker.
CFD Service. Risk of Loss.
A quick overview of TradedWell
TradedWell was established in 2020, by a professional team focusing on the safety and security of the traders. The Forex broker is based in Cyprus and offers services to the citizens of EU-member states. It is authorized by Cyprus Securities and Exchange Commission, simply called CySEC.
CySEC is a top-tier regulatory agency, which follows the regulatory framework of ESMA and is part of the Markets In Financial Instruments Directive II, MiFID II. The main aim of the directive is to harmonize the financial markets in the region and create a stable and transparent market.
Every Forex broker which is registered in one of the European countries has the right to offer services in the whole region thanks to the directive.
The Forex broker offers traders access to more than 170 trading assets, which makes it a perfect broker for those who want to diversify their trading portfolio. Although the broker has a rather short history, it has already been able to attract thousands of traders from dozens of counties.
What can be traded at TradedWell?
As we have already said, TradedWell offers investors access to more than 170 trading assets. You can trade more than 30 cryptocurrencies with this broker, 45 currency pairs, which includes majors, minors, and exotic pairs. Investors can also take an advantage of leading stocks in the market, including the shares of companies such as Apple or Google.
The broker also offers access to precious metals, which includes Gold and Silver. There also is an option to trade indices, as well as commodities. As our TradedWell review shows, there are two types of commodities available for traders, soft and hard commodities. Soft commodities are the ones that are a result of agricultural activity, while hard commodities require mining or such activity.
All of this is possible thanks to CFD trading, which offers you the ability to trade assets without actually having to own them. This means that you can trade anything according to the price movements and speculate how it can change. Another advantage of this is that while trading CFDs, you are able to make profits both during an uptrend and a downtrend.
Reviewing TradedWell – Steps to get started
Starting Forex trading at this broker is fairly easy. All you have to do is to create a live account, make your first deposits and start opening positions on the trading platform offered by the broker. There are several types of accounts available for traders, retail traders can create the following accounts:
- Demo Account
- Silver Account
- Gold Account
- Platinum Account
If you are a complete beginner, it would be a great idea to start trading using a demo account. This account is a great way to learn more about Forex trading and grow as a trader. It can also be used by experienced traders to test out different types of strategies without having to risk any of their hard-earned money.
While using a demo account, the broker will provide you with a certain amount of virtual money, which you can use for trading. Although you can’t make any profits with this account, it can be a great tool to learn more about trading. As you get a better grasp of Forex trading, you can move on to using a Silver Account and practice trading with your actual funds.
Silver account is a great option for advanced traders, offering you a special swap discount and access to even more trading assets. For experienced traders, the broker also offers a Gold account, which is a great way to get the most out of trading.
If you are a very experienced trader, the broker has a special account type for you – a professional trading account. You will have to prove your skills in Forex trading before opening this account, but it can be very rewarding due to the access on higher leverage, 1:500.
For retail traders, the maximum leverage is 1:30. To open any of these accounts, you will have to make a deposit of a minimum of $250.
Review of TradedWell – Payment Methods
TradedWell offers numerous different ways to make deposits. You can use traditional solutions like credit/debit cards and bank transfers, or more modern solutions, like virtual wallets. The Forex broker works very hard to make sure that there are no commissions or fees applied to the payments and they are processed very sufficiently.
The minimum deposit, as we have already noted, is $250. After you deposit that amount of money, you will be able to easily create a live trading account and start opening positions through the trading platforms offered by the broker.
The trading platform available at TradedWell is very user-friendly and easy to use. It is fully browser-based and does not require to be downloaded. The WebTrader of TradedWell offers you numerous types of indicators and tools aimed at making Forex trading easier for traders.
There also is a mobile version of the trading platform available for those who are always on the go. If you wish to trade Forex using your smartphone you can do so by downloading a special application created for iOS and Android devices.
The educational material of TradedWell
While reviewing TradedWell, we were able to find out that the broker offers exceptionally good educational material. The material is full of different types of online books and webinars. There also are special videos created by professional traders. These traders are willing to share their knowledge in Forex trading with others, which is an amazing thing for beginners.
The educational material is very diverse and there is something for everyone. Even the most experienced traders can find out something new about Forex trading thanks to TradedWell’s educational material.
The Forex broker is always ready to provide needed help to its clients. There are three ways you can get in touch with the customer support team of the broker. You can use the live chat or contact the Forex broker through email. There also is a special hotline available. We have tested all of the options and were very glad to see how helpful the customer support team was.
Can TradedWell be trusted?
After our extensive review of TradedWell, we were able to find out that this is one of the fastest-growing Forex brokers online. It offers traders access to more than 170 trading assets, giving them the ability to easily diversify their trading portfolio. Although being recently-established, the broker was already able to win numerous awards and attract thousands of traders.
Because of these and many other reasons that we have already discussed in our review, we recommend TradedWell to everyone. Because of the diverse offerings that this broker has, anyone can find something to enjoy. So, if you are looking for a Forex broker to start trading with, you can go with TradedWell!