Tradeview Review 2019
Tradeview is an online broker with over 100 instruments for forex, stocks, commodities, indexes and cryptocurrencies. Tradeview is a renowned online ECN broker based in the Cayman Islands. Founded in 2004, the company has offered its services to over 20,000 accounts, including institutional and professional traders from around the world.
Tradeview offers a choice of 4 platforms suitable for traders of all levels; MT4, MT5, cTrader and CurreneX.
Tradeview clients have a choice of over 100 assets:
- Forex – 60 major, minor and exotic pairs, i.e. EURUSD, GBPUSD and EURJPY.
- Cryptocurrencies – 4 cryptocurrencies, i.e. BTCUSD, ETHUSD
- Shares – 24 shares and 6 indexes such as NASDAQ and AMEX.
- Goods – 3 metals and 3 energies, i.e. gold, silver and oil.
In general, the broker offers a moderate range of financial instruments, although a broader portfolio of products can be found in other places.
Spreads and commission
Tradeview offers variable commission floating spreads. Spreads and commissions differ between his two forex accounts; Innovative Liquidity Connector and X Leverage Account.
Spreads start at 0 pips on an ILC account and are competitive on an X leveraged account. A $ 5 full turnover commission is charged per lot sold in an ILC account, while X leveraged account holders are not charged. Typical spreads for the leading GBP: USD pairs are 0.6 and 0.2 or EUR: USD.
As with spreads and commission terms, leverage also differs for each account. For ILC accounts the maximum leverage is 1: 100, and for X Leverage accounts it is 1: 400. The minimum trade size is 0.1 lots on an ILC account and 0.01 lots on an X leveraged account.
Tradeview does not offer a proprietary mobile app. However, the forex broker offers mobile trading using the MT4, MT5 and cTrader platforms. The mobile versions of MT4 and MT5 have the same features as the desktop versions, such as the ability to monitor accounts and access 30 technical indicators for market analysis, and other features. cTrader Mobile offers flexible charting features, symbol information and in-app notifications.
MT4, MT5 and cTrader apps are available for download on the App Store and Google Play.
Deposits and withdrawals
No deposits are charged on Tradeview. The broker offers a wide range of deposit methods with different processing times:
- Credit card – (the same day) Mastercard / Visa
- Bank Transfer – (approximately 1-2 business days) GC Partners, Scotiabank, Banregio, Banco Pichincha, Fidelity, Interbank
- Alternative – (the same day) Uphold, Bitpay, PayR, Sticpay, Fasapay, TransferMate, Advcash, PayTrust, Interac e-Transfer, Bitwallet, ecoPayz, Neteller, Skrill, Tronipay
Withdrawals are made only in the same way that the payment was made. Tradeview does not charge any withdrawal fees. However, there is a $ 35 charge when using wire transfer, and for Skrill and Neteller, the commission is 1% -1.5%. To submit a withdrawal request, users must complete a form on the website with supporting documentation.
Tradeview offers a free demo account where users can trade on MT4, MT5, cTrader and CurreneX platforms. Users can learn to trade in real time, practice trading strategies with technical indicators while avoiding monetary risk.
It is very easy to register for a demo account on the website. Just enter your details, select your platform and account type to get started.
New or existing accounts participating in the Tradeview bonus program are offered a 15% bonus on all additional deposits up to $ 7,500. Traders wishing to take advantage of this offer must deposit a minimum of $ 500-1999 to benefit.
Tradeview Forex is regulated by the Cayman Islands Monetary Authority (CIMA) under license number 585163. CIMA is the primary regulator of financial services in the Cayman Islands. The broker is also recognized by 32 of the world’s leading financial regulators.
Tradeview offers types of individual, corporate and joint accounts. The main differences lie in the aforementioned types of forex accounts; Innovative liquidity connector and X leverage available on all three accounts.
ILC accounts require a minimum deposit of US $ 25,000 and X Leverage requires a deposit of US $ 100. All accounts over $ 2,500 receive a dedicated Account Manager available 24/7. After creating an account, users can enter the “Client Cabinet”.
The broker also offers swap-free accounts for Islamic traders.
Tradeview provides security by keeping customer funds in segregated bank accounts. In addition, the company only works with first-tier banks.
The brokerage company also protects its clients from trading and risks through an automated risk management system available on their trading platforms. These measures ensure that account balances do not go negative. What’s more, its platforms provide high-tech encryption, secure login, and standard data confidentiality. The broker also conducts regular internal and external audits of the company, which can be viewed on their website.
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