TradedWell is a Forex broker based in Cyprus, offering services throughout Europe. The Forex broker was established in 2020, and although it has a fairly shorter history, it was already able to become largely popular in many countries around the world.
As of today, the Forex broker has thousands of active clients and is growing daily. TradedWell was already able to win several awards and is among the fastest-growing Forex brokers in the market. But how did TradedWell manage to become so popular in such a short period of time?
An easy answer to this question is the dedication and hard work that the team behind the broker has put into the creation of this company. Today, we are going to review TradedWell, so, if you are looking for a new broker to start trading with, follow our review carefully.
What can you trade at TradedWell?
TradedWell offers you access to more than 170 trading assets. Trading at this broker is possible through CFDs, which have become very popular in recent years. Thanks to them, you do not have to own any asset directly. Rather, you have the ability to earn profits through speculating on the possible price changes of a certain asset.
Among the available assets at TradedWell you can find the following instruments:
- More than 45 currency pairs, including Majors, Minors, and Exotics
- Shares of dozens of leading companies
- Best-known indices
- Over 20 hard and soft commodities
- Precious metals such as Gold
- More than 30 cryptocurrencies
Thanks to such diversity, the Forex broker is attracting many traders. If you are someone who is looking forward to diversifying their trading portfolio, you will have a lot of opportunities with this Forex broker.
First steps at TradedWell reviewed
Before you are able to start trading any of these assets, there are several steps that you have to take. First and foremost, you will have to create a live trading account. Thankfully, this is a very easy procedure. You will have to provide basic information about yourself, such as your name, last name, email, phone number, etc.
After that, you will have to verify your identity according to the rules of the Know Your Customer policy. Keep in mind that you might have to provide a certain type of documentation for this. All-in-all, creating a live trading account at this Forex broker is not hard and is very straightforward.
Among the account types offered by TradedWell you can find:
- Silver Trading Account
- Gold Trading Account
- Platinum Trading Account
Our TradedWell review shows that you can create a Swap-Free version of any of these accounts. This type of account is also many times referred to as an Islamic account. As you might already know, the Sharia law of the Quran prohibits people from paying or receiving any type of interest rate. Thanks to this Halal account, you will not have to worry about swaps.
If the offering of this account is not enough for you and you are looking for something more exciting, the broker also offers you a special professional account. With the professional account, you will get access to very high leverage, which can go up to 1:500. On retail accounts, there is a limitation on leverage, which can only be up to 1:30.
The broker also offers a demo trading account, which is a perfect solution for total beginners to learn more about Forex trading and grow as traders. After creating a demo trading account, you will be given a certain amount of virtual cash which you can use for trading.
While it is true that you will not be able to make profits using this account, it still is a great way to learn more about trading and grow as a trader. You can also try out different types of strategies and see which ones work better for you.
Depositing funds on your account
Depositing funds on your live trading account is fairly easy with this broker. There are many options of payment methods offered by the broker, including Credit/Debit cards such as Visa, MasterCard, and Maestro, and online payment solutions like Neteller.
The broker does not charge any commissions or fees for deposits. The minimum deposit to create a live trading account is $250.
After you deposit funds at the live trading account, you will be able to open and close positions. This can be done through the trading platforms offered by the broker. The Forex broker offers traders a browser-based trading platform, called WebTrader.
It is very user-friendly and can be accessed directly from the browser, without the need of downloading anything. It offers numerous trading indicators and additional tools that can make Forex trading much easier for investors.
Other than that, the Forex broker also offers special applications to mobile traders. This can make trading much easier and accessible. Thanks to mobile trading, you can keep in touch with the Forex trading market any type of day, no matter where you are.
Is trading with TradedWell safe?
The short answer to this question is yes, Forex trading at TradedWell is safe. TradedWell is a legit Forex broker, offering services throughout Europe. As we have already said, the Forex broker is based in Cyprus, which means that it is regulated by CySEC.
CySEC is a part of the MiFID II directive, which aims at making the financial markets in the EU more transparent and safe. Thanks to this directive, every Forex broker licensed in any of the EU-member states is able to offer services throughout the region.
Learn more while trading Forex with TradedWell
While reviewing TradedWell, we found that this Forex broker offers traders an amazing opportunity to learn more about Forex trading while also trading Forex. It offers amazing educational material, which is full of different types of books, articles, guides, webinars, and special classes.
The educational material of TradedWell was prepared by experienced traders, which makes it very helpful.
Is TradedWell a recommended Forex broker?
After we reviewed TradedWell and every little detail about it, we were able to tell that it is a legit Forex broker. It offers traders amazing services and strives to become an industry-leader. Over the last year, the Forex broker was able to attract thousands of traders and won several awards for the services that it offers to clients.
TradedWell is a trustworthy Forex broker and because of all the reasons that we have discussed in today’s review, were recommend this Forex broker to our readers.