TradeWill Multi-Asset Broker Review 2023

Tradewill broker overview

Founded in 2014, TradeWill Global LLC (SVG) is a reliable online broker regulated in St. Vincent & the Grenadines by registration No. 1365 LLC 202, with an HQ in Dubai, UAE. The broker offers competitive leverage up to 1:500 as well as commission-free trading on their mobile account, which requires a minimum deposit of $3.

TradeWill broker offers traders access to various trading instruments, including forex, cryptocurrency, precious metals, stocks, and crude oil. All trades are conducted in the base currency USD. The main platform used is MetaTrader 4.

The customer service offered at TradeWill is excellent with multiple contact methods available. These include email (support@tradewill.com), landline (+357 25256551), and live chat. They also have no deposit or withdrawal fees and no inactivity fee. These factors make Tradewill Broker a reliable, cost-effective option for traders.

Broker safety details

TradeWill offers robust security protocols to protect traders' funds and personal information. The broker is regulated and has implemented all modern security advancements to protect clients' funds and data. With the latest SSL encryption technology and a 24/7 security team, Tradewill is dedicated to ensuring that traders don't experience any problems with their accounts.

Moreover, the clients' funds are kept in segregated accounts and are used only for trading purposes. All transactions are audited regularly to ensure that the client's funds are handled with the utmost care and integrity.

The broker has partnered with top-tier global banks to ensure maximum security and transparency for its clients. Moreover, they've implemented KYC (Know Your Customer) that ensures all clients are verified and their funds are safe.

In addition, the AML (Anti-Money Laundering) policy implemented by the broker ensures that all clients' funds are kept secure and no malicious activities take place. The 2FA (Two Factor Authentication) adds an extra layer of security to the client's account.

Overall, the security protocols and safety measures implemented by the broker make Tradewill a safe and reliable broker for online trading.

Fees details

TradeWill has low withdrawal fees, making them an attractive option for traders looking for a cost-effective broker. The spreads are competitive, allowing traders to get the best price for their trades.

There are no hidden fees or commissions. All of the costs are transparent and available on the website. Traders only need to pay the mentioned charges while they trade, making it easier to keep track of the trading costs.

There is no inactive fee that traders need to pay when they don't trade for a certain period. This makes the broker an ideal option for traders who are looking to take a break from trading but want to keep their accounts open.

Spreads details

This multi-asset broker offers competitive and tighter spreads from 0.0 pips that lets traders enjoy more profits from their trades. The spreads offered by the broker are floating and vary depending on the type of trading instrument being traded.

The benefit of floating spreads is that it allows traders to make the most of market conditions. It is especially helpful during volatile times when the spreads may be wider due to increased market activity.

Swap fees details

Traders must pay overnight swap fees when they hold their positions open for a certain period. The broker offers competitive swap rates that are lower than the industry average. Swap fees can be negative or positive as they depend on the interest rates between the two currencies being traded.

To understand the swap better, if you buy EURUSD and the interest rate of USD is higher than the Euro, then you will get a positive swap fee. On the other hand, if you sell EURUSD and the interest rate of the Euro is higher than the USD, then you will get a negative swap fee.

Deposit and withdrawal options

This multi-asset broker offers a variety of bank and hybrid payment options. Traders can make deposits using credit cards, debit cards, and bank wire transfers. The minimum deposit required is $3 for Standard Account and $50 to open a MT4 account.

The deposits are made instantly, and traders don't need to pay anything extra. However, traders might need to pay third-party bank charges levied by the banks. There are no hidden or additional fees during deposits.

The withdrawal process is swift and streamlined at TradeWill. They provide various withdrawal methods such as bank wire transfers, credit/debit cards, and e-wallets. With no withdrawal fees, transactions are processed instantly within 30 minutes. Depending on the chosen payment option, funds are typically received under 30 minutes.

Clients can deposit from their dedicated trading app, which can be installed on Android devices. As Tradewill is compliant with KYC, traders need to submit the required documents to verify their identity and address. The KYC process is a one-time procedure, and the verification process takes less day 24 hours.

Tradable markets available at Tradewill

This modern-age broker offers various trading instruments, including CFDs on forex, cryptocurrency, precious metals, stocks, and crude oil. With CFD trading, traders can enjoy the benefits of both long and short positions. In addition, traders can access the MT4 platform and trade hundreds of popular assets. Let's look at all available tradable instruments available with this broker:

CFDs on forex

Forex trading is among the most popular tradable instruments at Tradewell. This broker offers more than 50 currency pairs for trading with competitive spreads and low transaction costs. The most popular currency pairs are EURUSD, USDJPY, GBPUSD, AUDUSD, and USDCAD. The maximum leverage offered by the broker is up to 1:500.

Along with major currency pairs, traders can also trade minor and exotic currency pairs like NZDUSD, EURGBP, AUDJPY, and USDCHF. The spreads for all currency pairs start from 0 pips, allowing traders to make the most of market conditions.

Using MT4, forex traders can use features like Expert Advisors, automated trading strategies, hedging, and more. This platform supports one-click trading as well as extensive charting tools. Traders can also set stop-loss and take-profit levels to ensure that their trades are managed in a disciplined manner.

CFDs on crude oil

Crude oil is highly volatile and considered one of the best options for CFD traders. Tradewell offers 24-hour trading on Brent, WTI, CFDs, and futures. The maximum leverage provided by the broker is up to 1:500.

The average order execution speed of this broker is 0.04s and the spreads start from 0 pips. Traders can also use pending orders to enter or exit the market when certain conditions are met.

Traders can also benefit from the broker's dedicated trading app and take advantage of features like price alerts, market analysis tools, and more. Crude oil trading is ideal for traders looking for a high-risk and high-reward investment opportunity.

The commodity market is open for trading 24 hours a day, and this broker offers competitive spreads and high leverage. The customer support team at Tradewell is available to assist traders with queries.

CFDs on stock indices

TradeWill offers access to major international stock indices with competitive spreads and high leverage. The broker's maximum leverage is up to 1:500, which lets you open bigger positions with a small investment.

Some popular stock indices that traders can access are S&P 500, Dow Jones, Nasdaq Composite, FTSE 100, Nikkei 225, and DAX 30. All these markets are available to trade 24/5 on the MT4 trading platform with low transaction costs and 0 pips spreads.

CFDs on stock are a popular option for traders looking to diversify their portfolios and take advantage of the upside potential. Stock traders can capitalize on even the smallest price movements and benefit from the high volatility in these markets.

CFDs on precious metals

Tradewell also offers CFD trading on gold, silver, and other precious metals. The maximum leverage offered by the broker is up to 1:500, which gives traders an opportunity to maximize their positions. Precious metals are also known as a safe-haven asset that offers protection against inflation and market volatility.

US Gold, London Gold, and Silver are the most popular precious metals for trading. Traders can take advantage of the price movements in precious metals and benefit from the low spreads and high leverage offered by this broker. CFDs on precious metals are ideal for traders looking for a low-risk and high-reward investment opportunity.

CFDs on cryptocurrencies

The cryptocurrency market is highly volatile and can offer plenty of opportunities for traders. Tradewell offers CFD trading on Bitcoin, Ethereum, Ripple, Litecoin, and other digital assets.

The maximum leverage the broker offers is up to 1:500, allowing traders to trade 24x7 with low cost and high liquidity. Cryptocurrency CFDs are considered to be an excellent option for traders looking for a high-risk and high-reward opportunity.

Crypto traders using the TradeWill trading app can conveniently monitor the market and execute trades on the fly. The app provides access to charting tools, price alerts, and market analysis tools directly linked to TradingView. These features empower traders to make well-informed decisions using reliable charts and data.

Overall, the tradable markets at TradeWill are diverse and suitable for both beginner and experienced traders. In addition, the broker offers competitive spreads, high leverage, fast order execution speeds, and reliable customer support. All these features make Tradewell an ideal choice for traders.

Leverage information

Tradewell offers maximum leverage up to 1:500 which is considered to be among the highest in the industry. This high leverage allows traders to open bigger positions with a small investment and benefit from the price movements in these markets.

The broker also provides advanced risk management tools that allow traders to control their exposure and limit their losses. The risk management tools are especially beneficial for traders who are new to the markets and looking to gain experience before taking on bigger risks.

However, while using leverage, it's essential for traders to understand that it can both increase their profits and losses. Therefore, leverage should be used cautiously, and traders must have the necessary knowledge to make informed decisions.

For example, trading forex with 1:60 and $700 in your trading account can open a $42,000 position. If the trade moves in your favor, you can make a significant profit but if it goes against you, the losses can be just as large.

Available trading platforms

MetaTrader 4

MetaTrader 4 is a popular trading platform that millions of traders use. It provides access to the markets with advanced charting tools, automated trading and order execution, mobile trading, and more. In addition, traders have access to over 50 technical indicators, multiple timeframes, and graphical objects that can be used to analyze the markets.

Moreover, traders can also use automated trading strategies like Expert Advisors and Custom Indicators, which can help them automate their trading and make more informed decisions. Some of the key features of MT4 available at TradeWill are:

Roll-over and hedging

TradeWill allows traders to use the roll-over feature to extend the expiration date of their positions and the hedging feature to open a new position with the same instrument in the opposite direction. This allows traders to benefit from the price movements in both directions and reduce their overall risk.

Real-time market data

TradeWill provides real-time market data for traders to make informed decisions. The broker also offers detailed economic calendars that provide information on upcoming events that can affect the market. This data is also available in the trading terminal and mobile app, allowing traders to keep track of the markets on the go.

Expert Advisors (EAs)

TradeWill also offers access to Expert Advisors (EAs) and automated trading robots to help traders take advantage of the market's movements. The EAs use predetermined strategies to enter and exit market trades, assisting traders in saving time and effort.

Multiple charts access

Traders can access multiple charts in the same window and customize them to their preferences. This feature can be handy for traders who want to compare different instruments or view multiple timeframes simultaneously. Some widely-used charting tools available at Tradewell are candlesticks, bar charts, line charts, and Renko.

Wide range of indicators

Tradewell offers various technical indicators that traders can use to analyze the markets and make informed decisions. These include moving averages, oscillators, trend indicators, volume indicators, momentum indicators, and more. These indicators can help traders identify trading opportunities and improve their overall trading experience.

Tradewill mobile app

Tradewill mobile app is available for Android and iOS platforms, offering the same features as the desktop version. The mobile app allows traders to access their trading accounts, monitor open positions, and manage orders.

Using their trading app, TradeWill provides traders with a secure and convenient trading experience. The app also offers advanced charting tools and streaming quotes, which can help traders stay up-to-date with the markets. You can download the Tradewill mobile apps here.

Moreover, on their mobile app, you will also find the demo account feature, which will allow you to practice your trading strategies with virtual money. This is a great way to learn the basics of trading and test out different strategies before you start trading with real money.

With access to all markets, a wide range of trading instruments, advanced charting tools, and automated trading capabilities, the TradeWill mobile app is a great choice for traders of any level.

Available trading accounts

The broker offers two trading accounts:

Standard account

This account requires a minimum deposit of $50 and offers an attractive leverage of up to 1:500. The spreads are floating, and the commission is 10.15 pips per lot. This account offers access to all markets and the ability to use Expert Advisors (EAs).

The Standard account is ideal for traders looking for a balance between low commissions and high leverage. It is also suitable for traders who wish to use EAs as well as access charting tools and real-time market data.

Traders have access to all markets via their Standard account so that they can take advantage of the market's movements. They also have a choice of trading platforms which include the popular MetaTrader 4 and the mobile app.

Commission-free account

This account requires a minimum deposit of $200 and offers an attractive leverage of up to 1:500. With floating spreads and no commissions; this account is perfect for traders who want to trade without paying any extra costs.

The Commission-free account also offers the same features as the Standard account, such as access to all markets and charting tools. Traders can use Expert Advisors (EAs) with this account and they can also trade on MT 4 and the mobile app.

Both accounts have spread from 0.0 pips which makes trading with TradeWill even more cost-effective.

How to open an account?

Below are the quick steps to open a trading account:

1. Go to the website and click on "Register".
2. Enter the details, including name, email, date of birth, and country of residence.
3. Select your trading account type and leverage.
4. Choose your deposit method and currency.
5. Enter your investment amount and click on 'Open Account'.

Customer support details

TradeWill offers customer support through email, live chat, and phone. The customer service team is available 24/5 and they are knowledgeable and friendly. They also provide multilingual support for traders located in different parts of the world.

You can email their team at support@tradewill.com or call their landline at +357 25256551. The live chat option is also available directly on the website. Overall, their customer support team is always ready to help and answer any questions you may have.

We used their live chat feature and found the customer service team to be helpful and knowledgeable. They are available around the clock, and they answered our questions in a timely manner.

Resources and trading tools

Economic calendar

The broker provides an economic calendar with all the latest events and news. This helps traders stay up-to-date with the markets. Moreover, the calendar is available on both desktop and mobile devices. This is a great tool for traders who want to stay informed of upcoming events.

Trading news

Tradewell also offers a section dedicated to trading news. This includes the latest market updates and breaking news. This helps traders stay up-to-date with the markets and make informed trading decisions.

Profit calculator

The broker also offers a profit calculator, which helps traders calculate potential profits and losses. This is a great tool that helps traders determine the right trading strategy and make the most out of their trades.

Detailed FAQ section

TradeWill also has a detailed FAQ section that covers all the essential topics. Users can browse FAQs based on different topics, such as the account opening process, depositing and withdrawing funds, trading platforms, and more. This is especially helpful for beginners who want to learn more about the trading process.

Tradewell in a nutshell

TradeWill is a popular broker that offers a wide range of trading instruments and platforms. The broker provides access to CFDs on forex, cryptocurrencies, stocks, and more. They offer two accounts with attractive features, such as floating spreads and leverage up to 1:500.

Their customer support team is available 24/5, and they offer multi-language support. The broker also provides a range of resources such as an economic calendar, trading news, FAQs, and more. This makes TradeWill a reliable choice for both experienced and beginner traders.

FAQs

What is the minimum deposit?

The minimum deposit is $3

What is the maximum leverage offered by them?

The maximum leverage offered is up to 1:500.

Does it offer a demo account?

Yes, the broker offers a demo account with virtual currency to trade.

How do I open an account with this broker?

You can open an account simply by signing up on the TradeWill App

What platform does the broker support?

The broker supports MT4 and a mobile app.

What are the spreads at this broker?

The spreads start from 0.0 pips.

What is the minimum trade size?

The minimum trade size is 0.01 lots.

How to contact their customer support?

You can contact customer support by live chat or email

Is this broker regulated?

Yes, it is regulated by the FSA, MSB and ASIC.

What are the deposit methods at this multi-asset broker?

The deposit methods at TradeWill include wire transfers, credit/debit cards, wallets, and more.

What are the withdrawal methods available with this broker?

The withdrawal methods are similar to the deposit methods, including wire transfers, credit/debit cards, wallets, and many more.

Do they offer educational content?

Yes, TradeWill provides a detailed FAQ section, In-App discussion, and community chat feature. Additionally, you can join their Telegram Community Channel for discussions with fellow traders.

Can US residents open accounts at this broker?

No, US residents cannot open accounts with this broker.

How can I change my password?

You can change your password by logging into your account and going to the "Profile" section. Then, click on the "Change Password" button.

What account types do they offer?

The broker offers two accounts — Standard and Commission-free.