Tradeview Review and Tutorial 2021
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|Tradeview Facts & Figures|
Tradeview is based in the Cayman Islands and offers four leading trading platforms and 100+ financial instruments.
|Bonus||15% deposit bonus up to $7,500|
|Instruments||Forex, CFDs, indices, shares, commodities, cryptocurrencies|
|Pay Methods||Credit Card, FasaPay, Mastercard, Neteller, Skrill, Sticpay, Visa, Wire Transfer|
|Min. Trade||0.01 lots|
|Take leveraged positions across a range of financial markets.|
Start speculating on major, minor and exotic currencies at Tradeview.
Trade top crypto coins against the US Dollar and Japanese Yen.
|Coins||BTC, ETC, LTC, XRP|
Tradeview is an online broker with over 100 instruments across forex, stocks, commodities, indices and cryptocurrencies. Our review covers the account types offered, spreads, leverage, platforms and more. Find out whether Tradeview is the right broker for you.
Tradeview is an established 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 is regulated by CIMA and offers over 100 financial instruments across 4 platforms, including MT4 and MT5. However, the broker prohibits clients from the US and from countries where FX and CFDs are restricted by local laws or regulation.
Tradeview offers a choice of 4 platforms, suited to traders of all levels; MT4, MT5, cTrader and CurreneX.
Clients can trade with the popular MT4 platform, which covers forex and CFD markets. The platform offers 30 technical indicators for market analysis and a comprehensive charting package, with a wide range of analytic instruments. The user-friendly terminal allows for extensive customisation so traders can find a set-up that works them. MT4 does an excellent job of balancing functionality with ease of use.
MetaTrader 4 is available on Windows, Mac, Web, iOS and Android.
Members also have access to MT5, a more updated platform to its MT4 predecessor. Along with advanced analytics, the platform’s dashboard comes with an intuitive interface that is fully customisable.
Users benefit from:
- 30 built-in key performance indicators
- Run up to 10 charts simultaneously
- Easy-to-access control panels
- 2,000 custom indicators
- Instant execution
- 9 timeframes
- Watch lists
MetaTrader 5 is available on Windows, Web, iOS and Android.
cTrader is a leading multi-asset ECN platform. It provides full STP technology for instant entry and execution. The platform offers a suite of 70 indicators, 26 chart time frames and level II pricing, making it suitable for more advanced traders. Specifically, cTrader connects with Tradeview’s Innovative Liquidity Connector, which grants access to over 50 banks and prime liquidity providers.
cTrader is available on Windows, Android, iOS.
CurreneX is a fully integrated forex trading software designed for clients who require advanced charting tools. The platform offers 31 additional technical analysis tools and is known for its high-speed, low-latency FX trading technology. For investors focussed on forex, the dedicated CurreneX platform is a good option.
CurreneX is only available on Windows.
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
- Stocks – 24 stocks & 6 indices i.e. NASDAQ and AMEX
- Commodities – 3 metals and 3 energies, i.e. gold, silver and oil
Overall, the broker offers a moderate range of financial instruments, though more extensive portfolios of products can be found elsewhere.
Spreads & Commission
Tradeview offer floating spreads with variable commissions. Spreads and commissions differ across two of its forex accounts; Innovative Liquidity Connector® (ILC) and the X Leverage account.
Spreads start from 0 pips on the ILC account and are competitive on the X Leverage account. A $5 round turn commission is charged per lot traded on the ILC account, while X Leverage account holders aren’t charged. Typical spreads on leading pairs GBPUSD are 0.6 and 0.2 or EURUSD.
A comprehensive list of the broker’s swap rates can be found on their website under ‘Rollover rates’.
As with spreads and commission conditions, leverage also differs for each account. For ILC accounts, maximum leverage is 1:100 while on X Leverage accounts, it’s 1:400. The minimum trade size is 0.1 lots on the ILC account and 0.01 lots on the X leverage account.
Tradeview does not offer a proprietary mobile app. However, the forex broker offers mobile trading using the MT4, MT5 and cTrader platforms. Mobile versions of MT4 and MT5 have the same functionality as desktop versions, such as the ability to control accounts and access 30 technical indicators for market analysis, among other features. cTrader mobile features fluid charting functionalities, symbol information and in-app notifications.
MT4, MT5 and cTrader apps are available to download on the App Store and Google Play.
Deposits & Withdrawals
Deposits on Tradeview don’t come with any charges. The broker offers a wide range of deposit methods with varying processing times:
- Credit Card – (Same day) Mastercard/Visa
- Bank Wire – (approx. 1-2 business days) GC Partners, Scotiabank, Banregio, Banco Pichincha, Fidelity, Interbank
- Alternative – (Same day) Uphold, Bitpay, PayR, Sticpay, Fasapay, TransferMate, Advcash, PayTrust, Interac e-Transfer, Bitwallet, ecoPayz, Neteller, Skrill, Tronipay
Withdrawals are only released via the same method in which the payment was originally submitted. Tradeview does not charge fees for withdrawals. However, a hefty $35 is charged with the bank wire option and a 1%-1.5% fee for Skrill and Neteller. To submit a request for withdrawals, users have to complete a form on the website with supporting documentation.
Tradeview offers a free live demo account where users can trade across MT4, MT5, cTrader and CurreneX platforms. Users can learn to trade in real-time, practice trading strategies with technical indicators while avoiding monetary risk.
Signing up for a demo account is easy on the website. Simply input your details, choose a platform and select an account type to get started.
New or existing accounts who enrol on Tradeview’s Bonus Program are offered a 15% bonus on all additional deposits up to $7,500. Traders who wish to make use of this offer have to deposit at least $500 – $1,999 to benefit. Full details can be found on the website.
Tradeview Forex is regulated by the Cayman Islands Monetary Authority (CIMA) under license number 585163. CIMA is the main regulator of financial services in the Cayman Islands. The broker also mentions its recognition from 32 of the world’s premier financial regulators. However, most expert traders and institutional clients are likely to be more cautious of offshore regulated brokers. This review would have liked to see regulation from more reputable bodies like FCS, CySEC and ASIC.
- Education: Tradeview offers some educational materials in the form of a glossary list. They also have a website called Surf’s Up!, which is dedicated to educating about the FX market. The website is updated with daily news and regular financial blogs.
- Social trading: The broker also offers its own social trading website called Trade Gate Hub. Members can learn from other professional traders in real time. Social and copy trading may suit beginners or those with limited time.
Tradeview offers Individual, Corporate and Joint account types. The main differences are in the aforementioned forex account types; Innovative Liquidity Connector and X Leverage, which are available on all three accounts.
ILC accounts require a minimum deposit of $25,000, while the X Leverage account requires a $100 deposit. All accounts over $2,500 get a dedicated account manager, 24/7. Once the account is created, users can log in on the ‘Client Cabinet’.
The broker also offers swap-free accounts for Islamic traders.
- 15% bonus scheme for new and existing clients
- MT4, MT5, cTrader, CurreneX platforms
- Social & copy trading
- Crypto trading
- High withdrawal fees on bank transfers
- Limited educational materials
- US clients not accepted
- Offshore regulation
Tradeview opens on Sunday at 5 pm EST and closes on Friday at 4:55 EST. Each market is subject to specific trading hours. Forex, indices and commodities markets are open 24/5 from Monday to Friday. Trading hours for each market can also be viewed on MT4 and MT5 platforms.
The broker can be contacted via the live chat box on their website, via email at email@example.com or on their telephone hotline:
- Main Office – +1 345 945 6271
- Direct Phone – +1 345 946 4532
The company’s headquarters are based in the Cayman Islands – Tradeview LTD, Grand Cayman, KY1-1002; 5th Floor Anderson Square, 64 Shedden Rd, PO Box 1105.
Tradeview ensures safety and security by keeping client funds in segregated bank accounts. Furthermore, the company only works with tier 1 banks.
The brokerage also protects its clients from trading and leveraging risks through an automated risk management system, which is available on their trading platforms. These measures ensure that account balances don’t go negative. Moreover, its platforms provide high-tech encryptions, secure logins, and industry-standard data privacy. The broker also conducts regular internal and external company audits, which can be viewed on their website.
Tradeview offers competitive spreads with low commission and generous leverage across trusted trading platforms. While its CIMA regulation is good, analysts and experts usually advise not to trade with offshore regulated brokers. The limited educational materials may also fail to meet the needs of new traders. Therefore, while Tradeview is a decent broker, we also recommend exploring other forex and CFD providers.
Tradeview accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use Tradeview from United States.
Alternatives to Tradeview
If you are looking for alternatives to Tradeview we have compiled a list of the top 5 brokers that are similar to Tradeview below. This list of brokers like Tradeview is in order of similarity and only includes companies that accept traders from your location.
- EagleFX – EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
- LQDFX – LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
- ZuluTrade – Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets
- eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
- Quotex – Quotex offers a proprietary web platform that offers digital options and copy trading.
Is Tradeview regulated?
Yes. Tradeview is licensed and regulated by CIMA under license number 585163. However, CIMA is an offshore regulator.
Does Tradeview offer a demo account?
Tradeview does offer a free demo account, with access to all its platforms. Users have to input some personal details on the broker’s website to get started.
How much capital do I need trade with Tradeview?
A minimum deposit of $100 is required on the X Leverage account and $25,000 on the Innovative Liquidity Connector.
Is Tradeview a good broker?
Tradeview offers competitive spreads and little to no commission with high leverage across all account types. However, besides offering 60 currency pairs, they offer a relatively limited set of tradable assets.
Is Tradeview a trustworthy broker?
Tradeview maintains good governance under CIMA regulation and conducts regular audits. Client funds are also secured in segregated tier 1 banks. Thus, Tradeview is unlikely a scam and is trustworthy.
|Tradeview is based in the Cayman Islands and offers four leading trading platforms and 100+ financial instruments.|
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