Trade W App recently caught our attention while we were searching the web for the best trading platforms. The uniqueness of the broker lies in the fact that it is a totally app-based trading platform with no website or WebTrader. Although this sounds interesting, what we discovered through our comprehensive Trade W App Review 2023 is even more interesting to know.
With its highly regulated status and user-friendly interface, the broker seems to be an excellent option for traders looking for a new and innovative way to invest in the financial market.
In this Trade W Review 2023, we will delve into our experiences with the platform and offer our honest opinion on its genuineness, features, strengths, and weaknesses.
What Is Trade W App?
Trade W App is a mobile-based trading platform that was established in 2018. The brokerage firm is originally headquartered in the Republic of Seychelles, an archipelago in the Indian Ocean. The trading platform is registered under the name of “Trade W Ltd” and is authorized and regulated by the Financial Services Authority (FSA) in Seychelles.
Trade W App caters to both beginner and experienced traders, providing access to a wide range of financial instruments such as forex, commodities, cryptocurrencies, stocks, and indices. With its user-friendly interface and advanced trading tools, the trading App aims to offer a seamless trading experience for its clients.
One of the unique features of the Trade W App is that it operates solely through its mobile app, with no website or web-based trading platform available. This puts the broker in a class of its own among online brokers, catering exclusively to traders who prefer mobile trading on the go. The platform is available for both iOS and Android devices, making it accessible to a wide range of traders.
In this Trade W App review, we will provide a detailed analysis of the broker’s safety and security features, trading instruments, fees, commission, spreads, leverage, trading platforms, account types, and customer support.
Is Trade W App Legit?
Trade W App appears to be a legit trading platform, based on our findings from the Trade W Review 2023. The broker is regulated by two reputable financial authorities, ASIC and FSA, and is owned by Tradewill LTD, a well-established financial services provider.
Furthermore, there have been reports of technical issues with the app, such as sudden freezes or crashes, which could potentially cause users to lose money. Some users have also reported difficulty in withdrawing funds from the app or having their trades executed at unexpected prices.
Therefore, it is important to do thorough research and exercise caution.
Why Trade W?
There are several reasons why someone might choose to use Trade W App as their trading platform.
- Trading W can be a lucrative opportunity due to the reliability of the global trading market. There are very few chances for individuals and institutions to manipulate prices, making it a stable and trustworthy investment.
- With high liquidity, the platform is easy to do, even for those new to the market. This makes it an accessible option for all investors.
- Low entry requirements allow for a minimal investment, with trading available starting at just $3. This makes it an attractive option for those with limited capital to invest.
- With 24/7 access to free financial news and price quotes, traders can stay up to date on the latest developments in the market, allowing for informed decisions when trading W.
- The ability to trade anytime is a significant advantage, as investors can make transactions at any time of day or night, regardless of their location.
- Quick deposit and withdrawal options make trading W convenient and hassle-free, ensuring that investors can access their funds as needed.
- Instant deposits mean that funds arrive in the investor’s account within seconds of being deposited, allowing for immediate trading.
- The ability to set stop loss and take profit, pending orders, and manage risk easily means that investors can better manage their trades and minimize their losses, making trading W a less risky investment option.
What Does Trade W App Offer To Traders?
Trade W App offers traders access to a diverse range of financial instruments, a suite of trading tools, rewards and bonuses, educational resources, and a user-friendly trading platform.
Here are some of the key offerings of the platform:
Financial Instruments: The platform provides access to a broad range of financial instruments, including forex, commodities, indices, cryptocurrencies, and stocks. Traders can choose from a wide variety of instruments and customize their portfolios to suit their investment goals and risk tolerance.
Trading Tools: It offers a suite of trading tools to help traders make more informed decisions. These tools include market opinions, market analysis, a trading calendar, and economic news updates. These tools help traders stay up-to-date with the latest market trends and identify trading opportunities.
Rewards: The app offers a range of rewards and bonuses to incentivize traders to use the platform. These rewards include sign-up bonuses, cashback, deposit bonuses, referral bonuses up to $4 per lot and other promotional offers.
Education: Trade W provides various educational resources to help traders improve their knowledge and skills. These resources include video tutorials and other educational materials. Traders can also access a demo account to practice trading with virtual funds.
Trading Platform: Trade W App offers a user-friendly TradingView trading platform that is accessible from mobile devices. The platform is easy-to-use and provides a range of customization options to help traders tailor their trading experience to their individual needs.
Community: It also has a strong trading community where traders can connect, share ideas, and learn from each other. The platform provides various tools and resources to help traders engage with the community.
Customer Support: Trade W’s customer support team is available 24/7 to help traders with any questions or issues. However, the team’s availability is limited to just Live Chat, as there is no other option to contact the support team.
How Can You Earn Money from Trade W App?
To earn money from Trade W App, you need to first download its mobile application and sign up. Here you will find a demo account and a real account.
The demo account provides you with a demo balance of two thousand dollars, which can be used to learn how to trade. Once you have gained sufficient knowledge and expertise in trading, you can switch to a real account and start trading with real money.
To begin real trading, you need to deposit at least $5 in your real account. Then, the application has a graph that runs along with the up and down of indexed companies and currency, and you can select the asset you want to trade.
Once you have selected the asset, you need to choose the amount of trade you want to take and guess in which direction the graph will move.
If you believe the graph will go down, you need to take the below trade by clicking on the Sell button. Similarly, if you believe the graph will go up, you need to take the above trade by clicking on the Buy button.
While placing a trade, you can also select the option of take profit and stop loss. Take profit allows you to sell the shares after making a profit, while stop loss allows you to close the trade after making a loss.
Trade W App also offers the option of a Volume Lot, which enables you to select how many shares you want to buy simultaneously. In addition, the application provides the option to trade in Market Order and Limit Order.
Overall, Trade W offers a decent range of features and tools to help traders make informed investment decisions and maximize their earnings. By using the various features and tools available on this platform, traders can earn money on a daily basis.
How Can You Withdraw Funds From the TradeW app?
To withdraw funds from Trade W App, a user can follow these steps:
- Log in to their TradeW account on the mobile app or website.
- Navigate to the “Withdrawals” section and select the desired withdrawal method. TradeW offers various withdrawal methods, including bank transfers, credit/debit cards, and e-wallets.
- Enter the withdrawal amount and any other required information, such as bank account details or e-wallet information.
- Confirm the withdrawal request and wait for TradeW to process the request. The processing time can vary depending on the withdrawal method chosen, with e-wallets and online payment systems usually being the fastest.
Final Verdict On Trade W App Review 2023
Considering the Trade W App Review 2023, the platform can be a decent choice for both beginner & professional traders. Its traders-friendly conditions are well suited & tailored according to the need of traders of all skill levels.
However, the platform has some drawbacks that must be considered before trading. One of the main concerns with the Trade W App is that it lacks an official website. Additionally, many users have reported issues with withdrawing funds from the platform, which is a cause for concern.
Furthermore, some users have reported experiencing technical issues with the platform, such as lagging or freezing during trades, which can negatively impact the overall trading experience.
Alternatively, you can trade on a more reliable trading platform like InvestFW and Capitalix. These platforms are well-regulated and offer good trading conditions.
How Does Trade W App Work?
The Trade W App works by connecting traders to various financial markets and allowing them to trade financial instruments such as stocks, forex, cryptocurrencies, and commodities using their mobile devices.
When a trader wants to place a trade, they can select the financial instrument they wish to trade and input the trade details, such as the amount, the direction they want to trade, and any relevant trade conditions, such as stop-loss or take-profit orders.
The Trade W App then sends the trade order to its liquidity providers, who execute the trade and send the results back to the user in real-time.
In addition to real-money trading, the platform offers a demo account that users can use to practice trading and test the application’s features and functionality without risking any real money.
Is Trade W App Real Or Fake?
The unavailability of Trade W’s website has led to widespread confusion among traders regarding its existence, with most of them misconceiving it as a fraud entity.
However, that’s not the case here. Trade W is a real app-based trading platform offering to trade a decent range of underlying assets.
Therefore, the Trade W App is completely safe to trade with. However, during our investigation for Trade W App Review, we noticed that there are certain complaints lodged by users regarding the efficacy of this application.
In particular, some users have expressed concerns over its withdrawal policy and the accuracy and reliability of the trading graphs utilized within the app.
Furthermore, some individuals have alleged that while demo accounts on the Trade W App are successful, actual trading with real money on this platform results in significant financial losses.
Where & How To Download Trade W App?
You can download the Trade W app from the official app stores for Android and iOS devices. Simply search for “Trade W” in the app store and then click on the “Download” icon to start the download process.
After downloading the app, you can sign in using your Trade W login details and start trading. It is important to ensure that you download the app from a trusted source and the latest version to make sure you have access to the most updated features and security updates.
How Fast Does TradeW App Process Deposits?
The speed at which Trade W App processes deposits can depend on several factors, including the payment method used and the user’s bank servers. The platform generally aims to process deposits as quickly as possible to ensure that users can start trading without delay.
For deposits made using e-wallets or online payment systems, the processing time is usually almost instant. However, deposits made using bank transfers may take longer to process, typically between 1-3 business days, depending on the user’s bank.
It is worth noting that TradeW may require additional time to process deposits in some cases, such as when a user makes a large deposit or if additional documentation is required for verification purposes.
If a user experiences any issues or delays with deposit processing, they can contact TradeW’s customer support team for assistance.
Does Trade W App Really Stop Withdrawals?
During our investigation for Trade W App Review 2023, we found some reports and complaints online about Trade W stopping withdrawals for some users.
However, it is unclear how often this occurs or the reasons behind such actions. It is important to note that financial service providers, including Trade W, are subject to various laws and regulations, which may require them to freeze or block transactions in certain circumstances.
Trade W’s terms and conditions generally state that withdrawals are subject to a review and approval process, which may include additional verification steps or documentation.
If Trade W App suspects any fraudulent activity or violation of their terms of service, they may block or restrict withdrawals until the issue is resolved.
However, suppose a user encounters any issues with their withdrawal or feels that their funds have been unfairly withheld. In that case, they should contact Trade W’s customer support team immediately to seek clarification and resolution.
Has Anyone Been Scammed By Trade W App?
Our findings from Trade W App Review 2023 reveal that there have been some reports and complaints online about users being scammed by Trade W or having negative experiences with the platform.
However, it is quite impossible to confirm the veracity of these claims or determine their frequency. Additionally, the majority of reviews indicate it to be a reliable brokerage.
Here’s take a look at Trade W reviews:
What If Trade W App Scam You?
If you suspect that you have been scammed by Trade W or any other financial service provider, it can be a distressing and frustrating experience. However, there are some important steps you can take to try and resolve the issue:
- Contact Trade W’s customer support team and explain the situation.
- If the customer support team fails to resolve the issue, file a complaint with relevant regulatory authorities like ASIC or FSC.
- Consider seeking legal advice if you have suffered financial losses due to fraudulent activity or a scam.
- Report the scam to relevant authorities such as the police or cybercrime division to prevent others from falling victim to similar scams.
- To prevent scams, conduct thorough research, read reviews, verify the platform’s regulatory status and licensing, and never share personal or financial information with unauthorized or unverified parties.
How Do I Sign Up For Trade W App?
To sign up for the TradeW app, follow these steps:
- Download the app from the Google Play Store or the Apple App Store.
- Open the app and enter your mobile number and personal details.
- Click on “Submit” to create your Trade W account.
- You will then be redirected to the app dashboard, where you can make a deposit and start trading.
What Is The Customer Support Like On Trade W App?
Trade W App currently only offers customer support through live Chat. However, the response time is generally quick, and the support representatives are knowledgeable and helpful.
Is There A Demo Account Available On Trade W App?
Yes, the TradeW App offers a demo account for users who want to practice trading without risking real money.
Can I Use TradeW App On Multiple Devices?
Yes, you can use the Trade W App on multiple devices as long as you log in with the same account credentials. This means that you can access your account and trade on the Trade W App from your smartphone, tablet, or other devices that support the app.
What Should I Do If I Forget My Trade W Login Password?
To reset your Trade W login password, click on the “Forgot Password” link on the app or website, enter your email address, and follow the instructions provided to reset your password.