TradeFred is one of the new entrants in the forex and CFD brokerage industry. However, in its three years of existence, TradeFred has strategically placed itself as one of the leading and most reputable brokers in the industry. TradeFred has become well-known for providing a dedicated, client-centric service which is available in multiple languages. As a result of this, this broker is successful among investors located in several parts of the world. The broker offers a wide range of solutions for forex and CFD traders, allowing them to access numerous trading tools and educational materials available on its platform. TradeFred is a fully regulated CFD broker, providing traders access to six asset classes and zero commission charges on executed trades. With advanced and innovative trading platforms and an excellent banking system for deposits and withdrawals, online CFD and forex trading is easy to carry out with TradeFred.
Table of Contents
TradeFred Review – Everything You Need to Know
License and Regulation
TradeFred is a fully licensed and regulated forex and CFD brokerage platform. The broker is licensed and regulated by the Cyprus Securities and Exchange Commission, better known as the CySEC. The CySEC is the financial regulatory body of Cyprus, tasked with overseeing investment businesses, trusts and company service providers in the region.
TradeFred is also brand name which is owned and operated by BrightFX Capital Limited (registration number HE356603), which is a Cyprus Investment Firm (CIF). They operate under the license number 342/17.
As a result of its regulation, TradeFred complies with the regulatory requirements of the CySEC, which includes implementing processes related to the Anti-Money Laundering and Counter-Terrorism Financing Act as well as the Know Your Customer (KYC) process. The laws are put in place to eliminate vices in the financial markets and as a regulated entity, TradeFred complies with these rules. All client assets are held in segregated bank accounts at all times, thereby ensuring that the customer funds are not used for administrative purposes.
The broker is restricted from providing its services in the following countries; USA, Canada, Japan, New Zealand, and Belgium.
TradeFred Scam – Is This Broker Legit?
TradeFred is a fully regulated and licensed brokerage platform. All client funds are held in segregated accounts to ensure they are not mixed with the operational funds of the broker. As a regulated platform, TradeFred is transparent as it complies with the AML, KYC, and the Counter-Terrorism Financing Act. It is further subjected to random platform checks by the CySEC to ensure they follow fair pricing guidelines and that they live-stream transparent price quotes for the financial assets available on their platforms. With TradeFred complying with the necessary regulatory requirements, you can be confident that it is a legit trading platform. It has been around for just three years but has become a leading CFD and forex broker that is regulated and offers a secure trading environment.
TradeFred Login – Account Types
Depending on the experience level of the trader, TradeFred offers three account types. They include; Basic, Standard, and a VIP account. Each account type offers different services and features and the minimum deposit amount is $100 for the Basic account, compared to $5,000 for the VIP account. Regardless of your experience in the trading world, you can trade with any of the account types available at TradeFred. The broker also offers an Islamic account type which is specifically designed to be compliant with Sharia law, making it comfortable for Muslims to trade financial assets. Some of the account types (Standard and VIP) come with trading tools, trading signals, have zero commissions, and a wide range of free educational material such as videos and eBooks.
TradeFred Demo Account
The demo account at TradeFred allows traders to test their strategies before they stake real money on trades. You can sharpen your trading strategies, risk-free, with the demo account at TradeFred. The demo account has access to tools, with real-time market information available to help traders plan their trading activities accurately. You will be able to test and understand the various features available on the TradeFred platform using the $10,000 virtual funds on the demo account..
TradeFred Trading Platforms
TradeFred operates the MetaTrader 4 platform, which is the world’s leading investment platform. With MT4, traders have access to a wide range of features and tools. The versatility of this trading platform is key to traders executing sophisticated trading strategies with ease. The MT4 platform is available in desktop, web and mobile formats. It enables you to trade forex and CFD on one screen, making it easy to track all portfolios without switching screens. Customers can contact the customer support team via the platform, ensuring a seamless trading experience during trading hours. The vast range of educational materials available on the TradeFred platform includes eBooks, webinars, and the TradeFred academy, where users can learn better trading strategies for MT4 and more.
TradeFred also offers traders access to the WebTrader platform, which is compatible with Firefox, Google Chrome, Safari and more, as well as a mobile trading app which can be downloaded from the Google Play and Apple app stores.
TradeFred users get exclusive market analysis, both fundamental and technical analysis. The economic calendar and the market news available on the trading platforms means traders don’t have to visit external sources to know what is happening in the financial markets. The MT4 platform is open for download on Mac and PC. iPhone and Android devices can also download the mobile trader version of TradeFred. The mobile version of TradeFred enables traders to make new trades while on the go, to check the latest market news and conditions, and to monitor the open positions. Traders can see the full trading history and enter new positions right on their smartphones.
The MT4 platform has been around for decades and is regarded as the best trading platform in the industry. This is due to its versatility, reliability, and the advanced charting abilities of the platform. It also enables traders to implement auto trading strategies on TradeFred.
You can access the six asset classes on TradeFred, including forex, stock CFDs, indices, spot commodities, and more. Overall, you can trade with confidence when using the TradeFred platform.
TradeFred Trading Resources
TradeFred has an extensive catalog of trading resources available on its site. With the daily reviews, traders get a regular round-up of trends and events in the market. This helps them plan their trading strategies more effectively as it includes the significant economic movements of the day. The Economic Calendar is another excellent trading tool that gives users a glimpse at the critical financial events taking place in the next few hours, days and months. The calendar auto-updates during events to show users the outcomes of such events and how they could impact trading strategies.
With the trading signals, traders are given a series of recommendations based on the analysis of the crucial technical indicators in the market. You can open and close positions based on these recommendations. The news and analysis tool keeps users abreast of the latest economic and political developments and how they can affect the market. It comes with extra details about trading techniques and other informative articles.
The market update and trading central tools provide further analysis to users on the popular currency pairs, stocks, and commodities. TradeFred has a vast catalog of educational materials, including articles on basic trading terms. The platform organizes webinars to teach users better trading strategies and to help them stay up to date with the latest trends in the market. The TradeFred academy is available to everyone regardless of their skill level.
The payment system on TradeFred is secure, swift, and reliable. Deposit and withdrawal of funds can be carried out using the various payment options available on the platform. The payment options include; Maestro, MasterCard, Visa, Visa Electron, bank transfer, EFT payments, Skrill, and Neteller. The SSL secure connection available on the platform ensures that communications remain encrypted. Thus, depositing and withdrawing funds can be done safely at all times. Also, confidential information remains secure, thanks to the stringent security measures implemented by TradeFred.
The minimum deposit sum is $100 (Basic Account), and you can start trading the assets on TradeFred once you fund your account. The withdrawal process takes less than 24 hours to be completed after submitting a withdrawal request. However, you need to verify your account before you are allowed to withdraw funds. TradeFred doesn’t have a minimum withdrawal amount and doesn’t charge anything for both deposits and withdrawals. Keep in mind that it takes 3-5 working days for bank transfer and Broker to Broker transactions to be completed. With the others, the transactions are completed instantly
TradeFred Customer Service
The customer service on TradeFred is available 24/5. The best part of the support team is that they are multi-lingual, making it easier for traders from different parts of the world to connect to them and TO gain assistance. The FAQ section is also available for those who seek an in-depth and fast answer regarding TradeFred and the services it offers.
TradeFred has been around for just three years but has become a leading CFD and forex broker. It provides users access to six asset classes, with excellent customer services, and a wide range of trading tools and educational materials also available. The payment system is streamlined to make it easy for people to deposit and withdraw funds. As a regulated entity, TradeFred complies with international regulations like the AML, KYC, and the Counter-Terrorism Financing act. The robust security measures in place on the platform ensure that user information remains safe and confidential at all times. Furthermore, TradeFred implements extra steps to keep user funds safe.
If you wish to enjoy AN exciting forex and CFD trading experience, then TradeFred is an excellent choice. Sign up at TradeFred today and start trading financial assets.
Overall Rating: 9/10