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Trade W – Investment & Trading
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Trade W – Investment & Trading

Aug 1, 2024

Trade W – Investment & Trading

Trade W – Investment & Trading (developed by TradeWill Global Limited) is a portfolio app. Access a diverse array including forex, Indices, Commodities, and Stocks, all through our cutting-edge multi-asset trading platform.

 Investment & Trading

One account, countless options, phone investments, practice and analysis, and real-world trading experiences are all available here. Learn how to trade and invest online by opening an account with no fees and investing account.

TradeW is licensed by ASIC in Australia and FSA in St Vincent, and has a registered office in Seychelles, Africa and St. Vincent, North America. But not registered with SEBI making it not so trust worthy for Indian users.

Rating

Trade W has 4.2/5 rating with 30.5k reviews along with more than 5 million downloads in playstore.

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Features

  • Trade on top markets with foreign brokers
  • Quick and safe deposits and withdrawals
  • Competitive, low spreads
  • Concentrated 24/7 customer support
  • Multiple graphing and technical analysis indicators
  • Trade execution speed of 0.03s
  • Free trial account to test and improve your trading skills (virtual money vary from $50 to $20,000)
  • Economic calendar and market analysis, trade sentiment index
  • 100% negative balance protection
  • Global popular assets include gold, indices, equities, and more. The market is open all year round.

Why Tradewill

Asset ClassTradeWill Features
Forex
  • Access additional currency pairs (e.g., AUDUSD, EURUSD, USDJPY)
  • Competitive instant deposit spreads
  • Fast withdrawal in 30 minutes
  • Average order execution time: 0.04 seconds
Stocks
  • Gain access to global stocks (e.g., Amazon, Apple Inc., Tesla Inc., etc.)
  • Competitive spreads
  • Quick deposit and removal within 30 minutes
  • Average order execution time: 0.04 seconds
Indices
  • Access indices such as Dow Jones, S&P 500, DAX, etc. with competitive spreads and instant deposit
  • Quick removal within 30 minutes
  • Average order execution time: 0.04 seconds
Metals
  • Access dynamic commodities like Gold and Silver
  • Competitive spreads
  • Instant deposit and fast withdrawal in 30 minutes
  • Average order execution speed: 0.04 seconds

Pros

  • The app’s user-friendly design provides easy access to trading tools, charts, and analysis features. A well-designed interface can improve the trading experience by making it easier and faster for users to conduct transactions and track their investments.
  • When the app is working effectively, customers can quickly deposit funds into their trading accounts and begin withdrawals without excessive delays. This speedy turnaround is critical for traders who require liquidity and immediate access to their funds.
  • A demo account allows users to practice trading methods, familiarize themselves with the platform, and try new investment approaches without risking real money.  It’s a valuable feature for both novice and experienced traders.
  • The program provides a wide range of investment possibilities across asset types, such as equities, commodities, currencies, and FX. This variety enables traders to diversify their portfolios and seize various market chances.

Cons

  • Delays in deposit processing can be detrimental to traders, particularly if they lose out on time-sensitive trading opportunities or incur losses due to inadequate cash when expected deposits are delayed.
  • Similar to delayed deposits, processing issues and withdrawal delays can upset users and impair their ability to access funds quickly, potentially resulting in missed investment opportunities or financial inconvenience.
  • Complaints concerning stop-out procedures, which automatically close positions under certain conditions and may result in unanticipated losses if not properly stated or understood.
  • Higher transaction costs per order compared to other trading apps can deter cost-conscious traders and impact overall profitability, especially for frequent traders or those managing larger portfolios.
  • Unlike the other apps pricing the fixed amount of 20 rupee per order, Trade W charges will vary from per lot which implies higher the number of lots higher the charges

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Charges

Fee TypeAmountDescription
Commission$10 or $15 per 1 lotDepends on the selected variety; commission-free accounts available on MT4 platform
Swap$3/lot for forex and metals,Applies for overnight positions; $6/lot for indices
Withdrawal FeeMinimum $10, Maximum $1500/order$1 per withdrawal order

More About Trade W

 MT4 Standard

Account

MT4 Commission-Free

Account

TradeWill

Account

PlatformsMetaTrader 4MetaTrader 4Web Trader, Mobile Apps
SpeedMarket Execution
Cover the Market250+ Forex, Indices, Precious Metals, Stocks
Max LeverageUp to 1:500
Min Spread (pips)0.0100.0
Commission ($/lot)10~15010~15
Initial Deposit ($)502003
Min Withdrawal ($)10
Micro Lot Trading (0.01)Available
All Strategies AllowedAvailable
EA SupportedYesYes
Technical AnalysisAvailable

Customer Service

Email- support@tradewill.com (responds within 24hours)

Contact number– +248 4224239

Live Chat – Available

Conclusion

Trade W is a comprehensive portfolio app by TradeWill Global Limited that comes with a user-friendly interface and offers a wide range of trading opportunities in forex, stocks, indices and metals. It has quick and safe deposits and withdrawals, competitive spreads, and round-the-clock customer support to attract more customers.

It is not SEBI or RBI registered, and some Indian users have complained about delayed withdrawals and financial loss, thus Indian users need to use it with caution, but persons in Australia, Seychelles, and St. Vincent can rely on this app more because it is registered in these countries.

Some of the important features of this app include offering free trial accounts for those who are new to trading; providing an economic calendar; negative balance protection etc. Nevertheless, improving on the technology side would make it even better for our customers as well as highly responsive Customer support services.

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