WazirX vs Tradeview

WazirX vs Tradeview Comparison Table 2024
WazirX Tradeview
Not Yet Rated
3.8

WazirX is an Indian cryptocurrency exchange with several extra functionalities, including P2P trading, an NFT marketplace and Smart Token Funds.

Tradeview is an offshore forex and CFD broker based in the Cayman Islands and regulated by CIMA. Traders can access over 5000 instruments with a minimum deposit of $100. There are several third-party platforms on offer, including MetaTrader 4 (MT4) and cTrader.

Risk Warning- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% - 89% of retail investors' accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 74-89% of retail CFD accounts lose money.
Bonus Offer
Promotional Offer vary. Contact Tradeview for details
Comment by Reviewer
"After exploring the broker, I think Tradeview is a good choice for experienced traders looking for a no-frills brokerage service with rapid ECN execution, tight spreads and feature-rich software. Conversely, with the lack of top-tier regulation and educational materials, beginners may want to look elsewhere."
Pros
  • The main thing that stands out for me is the wide range of platforms available at Tradeview, including the MetaTrader terminals, cTrader and Currenex, plus several software options for the broker’s real stocks trading service
  • Through STP/ECN execution, the broker is able to achieve raw pricing on popular assets. Tradeview also charges very low commissions from $2.50 per lot per side
  • My tests uncovered a strong range of 60+ currency pairs, which is above the industry average and should allow serious forex traders to explore plenty of opportunities
  • I found a decent range of payment methods available at Tradeview, with no deposit fees and same-day processing times
  • In addition, TradeView is a liquidity provider for other firms, underlining their reliability.
Cons
  • A key drawback for me is the lack of top-tier regulatory oversight. The broker’s offshore regulation with CIMA may mean that traders won’t receive robust fund protection measures. They are however, looking to bolster this area in the near future.
  • I was a little disappointed to find a $35 fee for bank wire withdrawals and a 1-1.5% fee for Skrill and Neteller
Instruments
Cryptos Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
No Yes
Minimum Deposit
INR 100 $100
Trading Platforms
  • Own
  • MT4
  • MT5
  • cTrader
Payment Methods
Credit / Debit Car, Neteller, Skrill, Cryptocurrencies, Bank Wire, Bitpay, Accentpay, Payretailers, Sticpay, Fasapay, Advcash, TransferMate, Bitwallet, Uphold and JPay
Minimum Trade
$14.50 0.01 Lots
Regulator
CIMA, MFSA
Margin Trading
No No
STP Account
No Yes
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
Yes No
Spot Trading
No No
Mobile Apps
iOS & Android Yes
Auto Trading
Yes
Copy Trading
No Yes
Copy Trading Platform
Choose between manual and automated copy trading at with a range of leading market signals.
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No Yes
Account Currencies
  • INR
  • UAH
Commodities
CFD Trading
CFD trading not offered My tests uncovered around 100 CFD products covering forex, indices, commodities and cryptos. Leverage is available up to 1:400 and it’s good to see that scalping, hedging and EA strategies are permitted.
Leverage
1:400 (CIMA), 1:30 (MFSA)
FTSE Spread
N/A
GBPUSD Spread
0.6
Oil Spread
0.5
Stocks Spread
Variable
Forex Trading
Forex trading not offered I’m happy with Tradeview’s strong range of 60+ currency pairs spanning majors, minors and exotics with competitive spreads from 0 pips in the $1000 ILC account. Traders can choose from several platforms, but I was particularly impressed with the feature-rich Currenex platform which is designed specifically for currency trading.
GBPUSD Spread
0.6
EURUSD Spread
0.2
EURGBP Spread
0.7
Assets
60
Cryptocurrency
WazirX is a crypto exchange with a wide range of tokens available for purchase using INR, USDT, BTC or the native WRX token. I found 5 crypto products at Tradeview: BTCUSD, ETHUSD, LTCUSD, XRPUSD and BTCJPY. Whilst this isn’t the widest range, beginners should have enough opportunities to explore the market. Plus, with STP/ECN execution, traders should be able to access relatively competitive prices.
Spread
Variable From $0.09
Coins
  • BTC
  • USDT
  • FTM
  • ADA
  • HBAR
  • TRX
  • CELR
  • FRONT
  • WRX
  • MATIC
  • REN
  • POLY
  • IOST
  • ETH
  • IOTX
  • DOGE
  • PUSH
  • XRP
  • SHIB
  • KEEP
  • ATOM
  • ICP
  • CTSI
  • CHR
  • WIN
  • CKB
  • COTI
  • ALICE
  • DENT
  • BNB
  • DOT
  • CRV
  • AVAX
  • RUNE
  • DOCK
  • ARK
  • CVC
  • SXP
  • BTT
  • 1INCH
  • VET
  • BZRX
  • PNT
  • LINK
  • LUNA
  • LTC
  • SC
  • XLM
  • SNX
  • EGLD
  • PHA
  • LRC
  • NKN
  • FTT
  • REEF
  • ZIL
  • CAKE
  • DNT
  • XVG
  • ENJ
  • DGB
  • ALPHA
  • UNI
  • ETC
  • UFT
  • EZ
  • YFII
  • HOT
  • MDX
  • EOS
  • SAND
  • KMD
  • TKO
  • OGN
  • RLC
  • YFI
  • TRB
  • FIL
  • XEM
  • OMG
  • MANA
  • KSM
  • DATA
  • UMA
  • AXS
  • BAL
  • BCH
  • COMP
  • HNT
  • ZRX
  • BAT
  • MIR
  • DASH
  • ONT
  • XVS
  • ZEC
  • DCR
  • BUSD
  • PAXG
  • BTC
  • ETC
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Risk Warning- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% - 89% of retail investors' accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 74-89% of retail CFD accounts lose money.
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