TradedWell Broker Review

Review By: Alan Little

Review Updated: 2021-02-01

4

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.06% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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TradedWell broker features

TradedWell pros and cons

Pros

• Decent spread of assets offered
• Particularly good for crypto traders
• Zero commission and tight spreads for high-end clients
• Extensive library of research and educational material
• Dedicated mobile app available

Cons

• Wider spreads for Silver account holders
• Low leverage for some assets
• No MT5 access

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Review Sections:

Who are FXTM?

Introduction

It’s understandable that investors might be reticent about getting involved with TradedWell, a broker that only opened its doors for the first time in October 2020. Without a wealth of history behind the firm, it’s easy to be cynical about its reliability and professionalism.

However, the impressions of its first months of trading have been positive, and so this TradedWell review is based on the level of service it has delivered thus far – as mentioned, there have been no major red flags on that front.

In the broker’s words, TradedWell fosters the “spirit of individual trading preferences”, which we have taken to mean that it offers a fully customisable experience for investors of all experience levels. This is true, with a number of different account types backed by a wide range of CFDs, forex, stocks and indices, commodities, metals, cryptocurrencies, and much more besides.

With a healthy dose of research and educational materials and a pretty transparent pricing structure, it’s easy to like what TradedWell is offering from its good-looking website, and while it’s not a wholly positive picture to be painted – more on that shortly – the early impressions are that this is a secure, trustworthy broker that is doing as much as it can to make inroads into the sector.

TradedWell Fees

4

TradedWell offers ‘no hidden fees’, but how do the fees and commissions that it does charge stack up?

The good news is that zero commission is charged on trades, and so there is no cutting into your profit margin in that way.

However, like many brokers, the way that TradedWell makes its money is through the spreads offered – and, principally, by delivering wider spreads for those on the basic Silver account. Note that there are no swap discounts for the low-tier clients.

The spreads are tighter for Gold and Platinum traders, and so fees for the higher-end clientele are lower. That being said, traders are warned that inactivity fees do apply.

Trading Platforms

4

There’s nothing particularly new or innovative about TradedWell’s platforms, with both MetaTrader’s WebTrader software and a mobile app offered. However, this cross-platform trading approach will appeal to investors who want to stay on top of their positions at all times and on the move.

Newcomers to trading will love the simplicity of the MT4 platform, though there are those familiar with MT5 who might be left wishing that the advanced features of that software are available here.

If you are a trader who likes to open and close positions in international markets, then TradedWell’s mobile option might be best for you. This is an intuitive application for both Apple and Android devices, and offers one-click trading, automatic stop/loss and take profit tools, and round-the-clock access to markets as and when they open.

All of the bases are covered, and traders at all levels will have the platform and the tools they need – both on desktop and mobile devices. Would we like to see MT5 compatibility? Of course, but its absence is not too much of a hindrance.

Markets

There’s a decent amount of market coverage from TradedWell, and this can, of course, be accessed via MT4 and the broker’s app.

A total of 170+ assets and CFDs are listed in total, which is a strong spread, with forex represented by all of the major, minor and exotic pairs that are displayed in a real-time ticker so that you can see how each is currently faring.

You can trade stocks directly or as CFDs, with 70+ different options, including Amazon, Apple, Facebook and all of the other big hitters. We found execution speed to be at an excellent rate, so you don’t have to worry about missing out on the best buy and sell prices. In addition, you can trade the key indices such as the NASDAQ, DOW and FTSE 100.

The ever-volatile world of cryptocurrency is ripe for trading, and TradedWell gives you the chance to enter this market across a range of 30+ different currencies from the major players such as bitcoin and ethereum to NEO, ripple and more. The broker also offers 24/7 access, with leverage set in place at 1:2.

As far as precious metals are concerned, there’s more than just gold and silver at TradedWell. You can also trade palladium, platinum and copper, though note that spreads are ‘floating’ and leverage is a low 1:10.

Finally, we should mention the broker’s commodities trading. From oil and gas to consumables such as wheat and flour, you can take advantage of your industry research by opening and closing positions as you wish. You’ll get low spreads, but note that leverage is down at 1:10.

Mobile Trading App

4

Available to both iOS and Android users, the TradedWell app has been built with simple and fuss-free trading in mind.

You’ll be opening and closing positions via the MT4 mobile platform, which is connected to TradedWell’s servers for real-time price updates and rapid-fire execution – there are no delays when trading that can see you losing a few pips on your order.

Via the app, you can trade all of the broker’s 170+ assets and make the most of basic tools such as Stop Loss and Take Profit. There’s a really handy range of 60 analytical indicators (candlesticks, bars, Fibonacci retracement, etc.) and charting options, and the app is directly connected to TradedWell’s customer support team should you have any queries.

You can also set up the app so that it acts as a latest news hub, bringing key information about individual businesses and international economic developments to your device – this is crucial in staying one step ahead of the game.

Market Research

5

One of the great areas of strength for TradedWell is the sheer weight of research and educational material that is available to its clients.

Traders of all levels will find something of interest in the article database, with beginners’ guides and more advanced topics covered in excellent detail.

The jewel in the crown is the ‘Video On Demand’ archive, which is broken down into categories such as beginner, advanced, terms and MetaTrader. You can learn about trading different assets, increase your range of trading strategies, uncover the meaning of all of the key industry terms, and learn as you go with the broker’s guide to using the MetaTrader software.

There are also eBooks and tutorials, plus a carefully curated collection of training materials via which you can test your knowledge and fill in any gaps.

To ensure that you are ahead of the game in your trading, the broker also publishes daily news updates, an economic calendar, and a reports season calendar, so you can dip into the stock market and make the most of any pumps and dips that may be incoming.

Customer Service

3

TradedWell offers its clients the chance to talk to a customer support agent in three different ways.

If you have spare time, then the telephone hotline is arguably your best bet, though you should be prepared to have to wait a few minutes before being connected to an operator.

You can also contact the customer support via the live chat function, with a link established by clicking on the big purple button at the bottom right of the screen – you won’t be searching for hours on end for that.

Thirdly, there’s always direct messaging – TradedWell has a dedicated support email address, or there’s a messaging system on the support page of the website.

However, it’s worth noting that agents are only available between the hours of 08:00 and 18:00 GMT between Monday and Friday.

Address: Isiodou, Andrea Laskaratou & Emanouel Roides Street 10-12, 2nd Floor, Ayia Zoni, 3031 Limassol, Cyprus.

Phone: +448000318499

Email: support@tradedwell.com