TradeFW Review 2022: Scam Or Safe? In-Depth Review



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As with the digitalization of the Financial markets, the popularity of online brokers has seen enormous growth in the past few years.

However, the availability of hundreds of brokers has left investors confused. While some eye on duping their clients, others focus on providing the best services.

One such broker is TradeFW, which aims to offer the best Forex and CFD trading services. However, the broker has several negative reviews on the internet, which raises doubts about the broker’s legitimacy. To clear all these doubts, here is a detailed TradeFW review.

In this Review, we will cover all the aspects of the broker’s services, from customer services to regulations. Also, we will review its account types, mobile app and platforms to help you determine whether it is the best fit for you?

What Is TradeFw?

Launched in 2018, TradeFw is an online Forex and CFD broker operating under its parent company – iTrade Global. The platform primarily offers services in the United Kingdom (UK) and European Union countries, including Italy and Spain.

In addition, the broker won several industry awards, including “Best Performing CFD Provider” and “Best Forex/CFD Provider” by Global Banking & Finance Review.

The company serves as an ECN and STP broker, catering for the need of both retail and seasoned traders. Continue reading this in-depth InvestFW review to know more about the broker.

TradeFW Is A Scam?

The primary purpose of writing this detailed TradeFW review is to determine whether this broker is a scam or legit? We deeply analyzed the broker’s regulatory compliance and found that it was a legit brokerage platform.

The brokerage platform is regulated by the top-tier financial regulator CySEC – Cyprus Securities Exchange and Commission with licence number 298/16. Moreover, the company holds head office at Gladstonos 99, Elnor Hermes Building, 3rd Floor, 3032 Limassol Cyprus.

The key points, such as the broker’s regulatory compliance and physical address, clearly state its legitimacy.

Top Security Features

As a CySEC-regulated broker, TradeFW complies with authority’s regulations and takes necessary steps to safeguard clients’ funds and personal data.

Here are the top security features offered by the platform:

  • Holds clients’ funds in top-tier EU banks.
  • Member of Investor Compensation Fund (ICF).
  • Allow users to enable two-factor authentication for account safety.

After carefully analyzing the security features through this TradeFW review, we can say the brokerage is safe to trade with. 

TradeFw Review: Pros and Cons:

Before choosing a broker, it would be helpful if you already knew the advantages and limitations of trading with them. So, take a closer look at the pros and cons of the broker in this detailed TradeFW review. 


Pros Cons
CySEC-licensed Broker High Fees & Spreads
Automated Trading Enabled Unavailability of Cryptocurrencies
Diverse Trading Products Limited Educational Resources
Negative Balance Protection No Demo Account
Hassle-free & Quick Withdrawals Margin Trading Available
Advanced Trading Options


TradeFw Review: Account Types 

The brokerage offers three retail and a professional account. These account types are created keeping in mind the needs of every sort of trader. 

Each account type offers distinct features. Here’s a comparison table to help you choose an account that suits your trading experience and style. 


Features Standard Gold VIP Accounts Professional
Trading Platform Web-based & MT4 Web-based & MT4 Web-based & MT4 Web-based & MT4
Commission Zero Zero Zero Zero
Minimum Contract Size 0.1 0.5 0.1 0.1
Spreads Tight spreads – start from as low as 2.7 pips Tight spreads – starts from as low as 2 pips Tight spreads – starts from as low as 1.7 pips Tight spreads – starts from as low as 1.7 pips
Minimum Deposit $250 $3000 $10000 N/A
Hedging Allowed Allowed Allowed Allowed
EA’s Supported Yes Yes Yes Yes
Customer Support 24/5 live support 24/5 live support 24/5 live support 24/5 live support
Dedicated Account Manager Yes Yes Yes Yes
Tradable Instruments 250+ CFDs on Currency Pairs, Commodities, Indices, Metals, and Stocks 250+ CFDs on Currency Pairs, Commodities, Indices, Metals, and Stocks 250+ CFDs on Currency Pairs, Commodities, Indices, Metals, and Stocks 250+ CFDs on Currency Pairs, Commodities, Indices, Metals, and Stocks
Educational Resources Available Available Available Available
Stop-Out Level 50% 50% 50% 5%
WebTrader Available on Website Available on Website Available on Website Available on Website
Mobile App Yes Yes Yes Yes

How to Open An Account with TradeFW?

Registering on the platform is extremely easy and quick compared to other brokerages. Follow these simple steps to get started:

  • Visit the official website and click on the ‘Register’ icon.
  • Fill out all the mandatory fields, including your name, email, and phone number.
  • Submit the application form and upload a copy of government-issued documents for account verification.
  • You’ll receive a welcome email with account login credentials.
  • Login to your account and start trading with the broker. 

TradeFw Review: Tradable Instruments

The brokerage platform offers to trade CFDs on 250+ tradable instruments. However, the unavailability of cryptocurrencies remains the biggest drawback of trading with this brokerage platform. 


The platform allows traders to trade 30+ major, minor and exotic forex pairs, including EUR/USD, USD/JPY and GBP/USD. 


The trading platform offers all major global indices, such as FTSE 100 and NASDAQ 100. 


TradeFW allows traders to analyze and trade various stocks on the world’s major exchanges. 


Traders can trade precious metals such as Gold, silver and bronze.

TradeFw Review: Commission & Spreads 

Through this in-depth TradeFW Review, we have analyzed the platform’s fee structure. As a result, the brokerage charges the industry’s best fee and offers a commission-free trading experience.

Commission on Indices, Forex and metal trading Zero
Commission on Stock Trading 0.1%

Take a closer look at the spreads offered by the trading platform. 


Account Type  Spread
Standard 2.7 pips
Gold 2 pips
VIP 1.7 pips
Professional 1.7 pips

Maximum Leverage

The maximum leverage offered by the brokerage platform is 1:30. However, the leverage ratio may vary depending on the instrument you’re trading with. 

Tradable Instruments Maximum Leverage
Forex Trading Up to 1:20 to 1:30 (Depends on the pair)
Indexes Up to 1:20
ETFs Up to 1:5
Metals Up to 1:10

TradeFw Review: Deposits & Withdrawals Methods: 

The platform accepts deposits through a range of payment methods. Moreover, it does not charge any fee or commission for deposits. Additionally, there is no withdrawal fee for withdrawing money from your account.  

Here is a quick overview of available deposits & withdrawals methods: 


Payment Methods Processing Time
Credit Card (Visa, Maestro & Mastercard) Instant
Debit Card Instant
Skrill Instant
Bank Wire Transfer 3-5 Business Days
Trustly 1-2 Business Days
Sofort 1-2 Business Days
Neteller Instant

What Are Trading Platforms Available On TradeFW?

The brokerage offers the two most powerful yet simplified trading platforms and a mobile application. Both these platforms are easily-understandable and offer a set of advanced trading tools. 

So, let’s discuss the features and offerings of available trading platforms through this TradeFW Review:

MetaTrader4 (MT4)

It is probably the most popular and efficient trading platform for trading Forex and CFDs. The platform is intuitive and suits every trader, including beginners and professionals. 

Top Features:

  • Access to 85 Pre-installed Trading Indicators
  • One-Click Trading Option
  • Interactive Charting Tools
  • Multiple Timeframes
  • In-depth Historical Data


In addition to the MT4 platform, users can access the broker’s web-based platform. As a web-based platform, WebTrader does not require any additional software. 

Top Features: 

  • Interactive Charting Tools
  • Multiple Timeframes
  • Single-Click Trading Option
  • In-depth Historical Data

Mobile Application

The brokerage offers an intuitive and interactive mobile trading app along with web-based platforms. The app is available on both Google Play Store and Apple App Store. 

Top Features: 

  • Accessible to iOS and Android
  • Interactive Charts
  • A full set of trade orders
  • Multiple Timeframes
  • Real-time Market Updates
  • Detailed Historical Data

Educational & Research Support

Before preparing this fact-based TradeFW review, we had gone through this brokerage’s educational and research support section. 

In our opinion, the platform needs to work on its educational content offering. So here’s take a look at the available educational and research tools: 

Educational Resources:

The platform provides a minimal range of educational resources, with few articles explaining the fundamentals of the forex and CFDs. In addition, no other educational tools such as E-books and webinars are available. 

Research Support: 

The platform offers a set of advanced trading tools, including an economic calendar, pip calculator and enhanced charting tools. 

Customer Service

The brokerage platform offers exceptional customer support 24/5. Additionally, the platform provides several contact channels. 

We tried contacting the support team, and our experience was pretty good. The executives responded quickly and accurately. Here are the detailed contact details of a broker: 

  • Live chat
  • Contact Number – UK (+44) 203 097 21 49, Italy (+39) 023 057 90 40, Germany (+49) 302 099 447 07
  • Email – [email protected], [email protected] (Head Office)
  • Online feedback form – available on the ‘Contact Us’ page
  • Head office contact number – (+357) 25 262 043


As we have gone through this detailed TradeFW review, it is clear that the brokerage offers fair trading services to its users. 

Some of the positive points of the broker include its advanced platform offering, outstanding customer support, range of account tiers and tradable instruments. 

However, the lack of educational resources and demo accounts remains the major drawback of the brokerage platform. 

If you’re new to the financial world, it would be helpful to open a demo account first. So, instead of choosing this broker, you can opt for a better option such as InvestBy


Can I Trust TradeFW?

It is one of the best forex brokers as it is well regulated by the Cyprus Securities and Exchange Commission (CySEC). 

What Leverages Does TradeFW Offer?

The maximum leverage offered by the brokerage is up to 1:30. 

What Is The Minimum Deposit for Opening An Account?

The minimum deposit to open a standard account on the platform is $250. 

What Are The Fees For Withdrawals? 

The platform does not charge any fees for withdrawals or deposits. Refer to our detailed TradeFW review for more information. 

Is My Personal Information Secure with TradeFW?

Yes, the platform offers a range of security features. The platform protects the personal data of its users. 

How Can I Contact The Customer Support?

Users can contact customer support through various channels, including live chat, email and phone support.

Does TradeFW Offer Mobile Trading? 

Yes, the brokerage offers an intuitive mobile application for traders who enjoy trading on the go. 

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