TradeView Forex Trade Platform and Broker Review

TradeView Forex Trade Platform and Broker Review

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Tradeview Broker Review

TradeView is a well-established Forex broker that provides traders with the latest trading technology, flexibility, and personal support. Traders can access 25 of the world’s most liquid currency pairs at tight spreads. 

TradeView was established in 2004 and is headquartered in the Cayman Islands. TradeView has over about 100 employees. 

Is TradeView Regulated?

Yes, TradeView is regulated by The Cayman Islands Monetary Authority (CIMA), which is the main regulator of financial services in the Cayman Islands, a British overseas territory. 

CIMA cooperates with monetary authorities worldwide and helps to ensure compliance with money laundering regulations.

According to the official website, TradeView is under regulation for operations as a fully licensed Broker/Dealer under the regulations of the Cayman Island Monetary Authority (CIMA).

TradeView’s regulations guarantee the highest standards of anti-monetary laundering practices, with client funds stored in segregated accounts as part of this AML protocol.  

Is TradeView Regulated in the United States?

No, TradeView is not regulated in Virginia or any other US state. 

Is TradeView Regulated in Europe?

No. TradeView is not regulated in Europe. TradeView is regulated by the Cayman Islands Monetary Authority (CIMA), which is the main regulator of financial services in the Cayman Islands, a British overseas territory. 

Is TradeView regulated in a Tier-1 Jurisdiction?

According to the TradeView website, TradeView is not regulated under Tier-1 jurisdiction. 

Such jurisdictional licensing would have afforded the broker licensed investment operations in Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

Is TradeView regulated in Tier-2 Jurisdiction?

According to the official TradeView sources, TradeView is not regulated under Tier-2 jurisdiction. 

This would give TadeView the ability to provide licensed investment services in British V.I., Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

What are the Platforms and Tools for Forex Trading in TradeView?

TradeView provides traders with a diverse selection of advanced platform options, consisting of MetaTrader 4, MetaTrader 5, cTrader, and Currenex. 

  1. MetaTrader 4 from TradeView is an industry favorite, giving users the ability to develop their own trading strategies through Expert Advisors and backtest those strategies as well. 

MT4 offers a comprehensive charting package that allows for customizing the chart interface to personal requirements and provides a wide range of analytic instruments.

  1. MetaTrader 5 from TradeView allows users to rent trading robots, technical indicators, scripts and other applications for financial trading. The platform has trading robot testing and optimization modes supported by the built-in strategy tester.
  2. cTrader from TradeView allows access to a depth of market that shows full range of executable prices that are streamed directly from the broker’s liquidity providers. cTrader supports multiple order processing so if a user is entering several trades at once, there is no order queue.
  3. Currenex from TradeView has multiple order types that provide traders with complete control of order timing and execution.

A very simple and user-friendly interface is combined with a fast, advanced, and complex technology running in the background.

Does TradeView Have a News Blog for Forex News?

No. TradeView does not have a free news blog available on its official website. Some brokers provide a free news page on their websites that keep traders updated on important market news events from around the world, which may impact trades. 

Does TradeView Have a Traders Dashboard?

No, TradeView does not have a Traders Dashboard. This is a resource that allows users to oversee several data streams for the fundamental and technical analysis of global currency fluctuations. 

Does TradeView Have an Educational Section?

Yes, TradeView has an education system for Forex Traders. To join the education system, users can navigate to the dedicated educational section on the broker’s website in order to access the various educational resources. 

What is the content of TradeView Forex Education?

There are three sections in the Forex Education section, consisting of Videos, CFD Trading, and a Glossary. 

The Videos section covers several technical topics relating to the correct use of MetaTrader 4. Some of these topics are listed below. 

  1. Create your own MetaTrader 4 template
  2. Add an expert advisor to your MetaTrader 4
  3. Forex trading signals for free
  4. Set up your trading profile for MT4
  5. Closing a trade from the MT4 platform

The Glossary section contains a comprehensive list of technical trading terms. The CFD Trading section covers various topics related to understanding Contracts for Difference. Some of these topics are listed below. 

  1. CFD Information
  2. CFD ETF Trading Examples
  3. ETF Basics and Facts
  4. CFD Equities trading examples

The education section from TradeView should be used by very beginner traders, as well as those traders who have not yet used MetaTrader 4 and may require some technical training. 

Is TradeView Legit?

Yes, TradeView is a legit Forex Broker and Trade Platform. TradeView has a CIMA legal certificate to perform Forex Broker and trading services.

Is TradeView Safe?

TradeView is a reliable and safe Forex Trade platform in terms of its regulation and safety protocols. CIMA regulates TradeView in the Cayman Islands, which are ranked 5th place with the FATF (Financial Action Task Force, the multilateral Institution that establishes the standards for anti-money-laundering), this is one place behind the United States of America.

TradeView stores all its client deposits in segregated accounts with top-tier banks. This means that client deposits cannot be used by TradeView for any business purposes. 

Is TradeView a Good Broker?

Yes. According to the Forex Suggest review, for security, trading speed, online support, and cryptocurrencies, TradeView is a good broker. 

  1. In terms of trading speed, TradeView offers in-depth ECN trading software that creates immediate, fast execution for direct market access. 
  2. In terms of security, TradeView is regulated by the CIMA to offer licensed brokerage services, with a strict anti-money laundering policy in place.  
  3. In terms of online support, TradeView has a dedicated online chat function that will allow traders to contact the broker’s customer support team for immediate support regarding any query they might have.  
  4. In terms of cryptocurrencies, TradeView offers CFDs on several leading cryptocurrency coins, including BTC, ETC, LTC, and XRP.

What is the Offering of Investment in TradeView?

Offerings of TradeView can be found below.

Feature TradeView
Forex Trading Yes
CFDs Yes
Forex Pairs Yes
Cryptocurrency (Physical) No
Cryptocurrency (CFD) Yes
Social Trading  Yes

Does TradeView have Nasdaq?

Yes, TradeView offers traders the option of trading indices on the Nasdaq 100 Stock Index. This is a massive American stock exchange that gives investors access to large global companies, particularly in the tech and software sectors. 

What are the Awards of TradeView?

According to the official sources and Forex Trading platforms, Tradeview does not have any awards listed to date. 

How to Use TradeView for Forex trading?

To use TradeView, a forex trader should have the necessities below:

  1. A copy of their identification documents
  2. They should be 18 years or older. They should not be a resident of the United States, where TradeView does not offer its brokerage services. 
  3. They should be able to afford the minimum deposit of $100

If a Forex Trader has the conditions above, they can open a forex trading account to use TradeView.

How to open a Forex trading account with TradeView?

To open a Forex Trading account with TradeView, a trader should follow the steps below.

  1. Go to the accounts registration section on the official TradeView website
  2. Select the platform you wish to use
  3. Select your preferred account currency
  4. Fill out the registration form with your personal details. These will include your full name, address, country of residence, and contact details
  5. Provide your banking information, including your account number, bank name, and bank address
  6. Indicate whether or not you are a US citizen
  7. Provide your employment information
  8. Indicate your asset profile
  9. Declare your source of wealth
  10. Indicate your trading and investment experience
  11. Upload the required documents. These include a Government ID and Proof of Address
  12. Read and accept the Legal Information
  13. Click ‘Submit’ in order to complete the registration process and submit your application

What are the Forex Trader Account Types with TradeView?

Forex Trading Platform and Financial Asset Management Institution TradeView have 5 different account types. Every Forex trading account type has different features and conditions with TradeView. 

TradeView Account Types are listed below. 

  1. Demo Account

  2. Individual Account

  3. Corporate Account

  4. Joint Account

  5. Islamic Account

  • Demo Account

The demo account from TradeView is a practice account that allows users to test out the broker’s features and trading conditions. The account is funded with virtual currency so that users are given a totally risk-free practice environment.  

  • Individual Account

The Individual Account from TradeView is the standard Forex trading account designed for retail Forex traders. To apply, you should have the following conditions:

  • Completely filled out client application—either electronic or downloaded and emailed or faxed to Tradeview Forex
  • Copy of government-issued ID. Passport or License
  • Proof of Address. Utility bill or bank statement
  • If your account is managed by a 3rd party, you will also need to provide a power of attorney and discretionary account terms.
  • Joint Account

The Joint Account from TradeView will allow two trading partners to run a trading account together, with access to the platforms of their choice and the full range of assets. To open a joint account, trading partners should have the conditions listed below. 

  • Completely filled out client application—either electronic or downloaded and emailed or faxed to Tradeview Forex
  • Copy of government-issued ID. Passport or License
  • Proof of Address. Utility bill or bank statement
  • If your account is managed by a 3rd party, you will also need to provide a power of attorney and discretionary account terms.
  • Corporate Account

The Corporate Account from Tradeview is designed for institutional clients and large firms, and will allow for tailored trading conditions as per the entity’s specifications and requirements. 

To open a Corporate Account, these entities should have the conditions below. 

  • Completed corporate client application with all information requested—either electronic or downloaded and emailed or faxed to Tradeview Forex
  • Copy of government-issued ID for owners of the company. Passport or License
  • Proof of Address. Utility bill or bank statement
  • The client must submit a copy of the Certificate of Incorporation (or similar business documents) and Articles of Incorporation, Partnership
  • Agreement or Trust Agreement as applicable. In addition, a list of directors, partners, and principles may be required.
  • Optional: If your account is managed by a 3rd party, you will also need to provide a power of attorney and discretionary account terms.
  • Islamic Account

The Islamic Account from Tradeview is designed for Islamic traders who are prohibited from engaging in interest-earning activities by Sharia law. Therefore, the Islamic Account is swap-free, meaning that users will not incur interest on positions held open overnight. 

How to Withdraw Money from TradeView?

To withdraw money from TradeView, the following should be done:

  1. Go to the withdrawals section in the Accounts area
  2. Fill out the online Funds Withdrawal Form
  3. Submit the form to the accounts department
  4. The original deposit must go back the same way they were deposited. Any profits can be sent back via bank wire.

How many days do deposits take with TradeView?

Deposits times with TradeView will vary depending on the selected deposit method. Bank wire transfers will take 1 to 2 business days. Credit cards and e-payment transactions are processed on the same day.  

What are the costs and fees with TradeView?

There are three types of costs with TradeView. The broker charges variable commissions, spreads on all trades, and swaps on positions held open overnight

A Forex Trading Cost is charged by a broker in order to profit from the services offered to traders. These typically consist of spreads, commissions, and swaps. 

Commissions are charged on round trades, spreads are the difference between the bid and the asking price, and swaps are charged on overnight positions. 

  • The Forex Trading Fees with TradeView are below. 

Commissions:

 A $5 round turn commission is charged per lot traded

Spreads:

  • Spreads start from 0 pips thanks to the broker’s ECN connectivity

Swaps:

  • Swaps are charged on positions held open overnight and will vary depending on the trading instrument, the account currency, and the account type. 

What are the Trading Fees with TradeView?

TradeView only appears to charge the above commissions, spreads, and swaps. The broker does not charge deposit or withdrawal fees or inactivity fees for dormant accounts. Muslim traders can apply for an Islamic account to access swap-free trading conditions. 

What is the minimum deposit in TradeView?

The minimum deposit amount required in order to open a broker account with Tradeview is $100.  

What are the contract specifications in TradeView?

Feature TradeView
Forex Trading Yes
CFDs 30
Forex Pairs 60
Cryptocurrency (Physical) 0
Cryptocurrency (CFD) 4
Social Trading  Yes

Does TradeView have promotional offers?

Yes, TradeView does have promotional offers. These vary depending on the expiry date. The latest promotional offer is listed below. 

  1. 15% deposit bonus up to $7,500

Does TradeView have a welcome bonus?

Yes, TradeView does have a welcome bonus. This consists of the 15% deposit bonus which can be claimed on deposits up to $7,500.

Does TradeView have a deposit bonus?

Yes, Tradeview does offer a deposit bonus. The deposit bonus is the same as the welcome bonus, and consists of a 15% bonus on deposits up to $7,500.  

Is there a commission-free trade bonus in TradeView?

No, TradeView does not offer a commission-free trade bonus. The broker does however offer commission-free trading depending on the instrument.   

Is there a VIP bonus in TradeView?

No, TradeView does not offer a VIP bonus. TradeView does not offer a VIP trading account for high net-worth individuals and traders.  

Can you start trading with no money at TradeView?

No, you cannot start trading with no money at TradeView. This is because TradeView does not offer a any deposit bonus, therefore traders will need to deposit their own funds when opening a Trader Account.

How does leverage work with TradeView?

Leverage is a much-used mechanism in Forex trading today. Traders access leverage by borrowing funds from their brokers to increase their trading position. Leverage is expressed as a ratio and can amplify profits as well as losses.  

Traders can use leverage with TradeView by changing their leverage ratio from within the accounts settings.

Where are the headquarters of TradeView?

TradeView is headquartered in the Cayman Islands. 

Who is TradeView’s CEO?

The CEO of TradeView is Timothy Furey. He has a degree from Southern Connecticut State University, and 27 years of industry experience in trading and investment.  

What are the social media accounts of TradeView?

Traders can follow TradeView on the following social media accounts:

  • Twitter
  • Facebook
  • Instagram
  • YouTube
  • LinkedIn

How many employees do work for TradeView?

According to the official LinkedIn profile, TradeView has about 100 employees.

What are the opinions about TradeView?

TradeView is a good option for smaller retail brokers looking for a user-friendly trading environment with relatively competitive pricing and access to a wide variety of platform options. 

Traders are given access to popular assets and instruments, and TradeView’s regulation is relatively good for an offshore entity.  

What are TradeView Contests?

TradeView does not run any kind of Forex Trading Contests. Forex Contests can be performed for brokers who offer them to traders to profit on contest winnings. 

TradeView didn't perform any Forex Contest in the past. For future forex exchange contests and competitions, TradeView didn't perform any official announcements yet.

Does TradeView have online support?

Yes, TradeView has an online support team for Forex trade account users. Traders just need to click on the dedicated chat button on the broker’s website in order to contact a member of the support team in real-time.  

Does TradeView offer demo accounts for Forex trading?

Yes, TradeView offers a free demo account for all new traders. The demo account can be opened with the following steps:

  1. Navigate to the Software Platforms area of the broker’s website
  2. Fill out the short online registration form
  3. Click “Submit” in order to immediately open your demo account

Does TradeView have a mobile app for Forex trading?

Yes, TradeView offers mobile trading using MT4/5, cTrader and Sterling Trader platforms.

The MT4 mobile app allows you to control your account, trade in the financial markets and use 30 technical indicators for market analysis.

The MetaTrader 5 mobile app allows users to trade, analyze the market using charts, watch the quotes 24 hours a day and examine the history of performed deals without giving up their favorite MetaTrader 5 platform.

The mobile app from cTrader is compatible with Mobile for Android and iOS. It combines In-app notifications, fluid charting functionalities, trading history, and a wealth of important account information.

It also allows for fluid charting, symbol information, and in-app notifications. 

Does TradeView publish an economic calendar?

An economic calendar allows traders to monitor upcoming economic events and announcements that will impact currency prices, market movements, and individual trading strategies. 

TradeView does offer an economic calendar. TradeView’s economic calendar provides information on financial events, forecasts, and historical data.

What is the communication information of TradeView?

TradeView has two telephone numbers and one local address. 

TradeView’s main telephone number is: 08000 463 050

TradeView’s main local address is:  Grand Cayman, KY1-1002; 5th Floor Anderson Square, 64 Shedden Rd, PO Box 1105

Alternate phone numbers are:

Direct Phone: +1 345 946 4532

 

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