TradeFred is a multi-national online forex and CFD broker. They offer trading in over 100 tradable instruments across six asset classes, which include forex (including crypto-based pairs), metals, energies, indices, and agricultural commodities. The broker provides traders with the popular MetaTrader 4 platform, while also offering instant execution, no commission, and negative balance protection. TradeFred was founded in 2016 and has bagged a few industry awards, including the ‘Best Newcomer and Newcomer of the Year awards from ADVFN International Financial Awards 2018 and UK Forex Awards 2018 respectively.
TradeFred Review Introduction
In this TradeFred review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including TradeFred.
TradeFred Platforms & Tools
TradeFred provides clients with three trading platforms: MetaTrader 4 desktop platform, WebTrader, and TradeFred SIRIX Mobile.
MT4 is one of the most popular trading platforms; it has sophisticated trading features including charting, analytical, and automation tools. TradeFred’s MT4 platform is available as a desktop application for windows and Mac computers and as a WebTrader, which runs directly on Chrome, Safari, Firefox, and other modern web browsers. The TradeFred SIRIX Mobile platform gives traders access to their accounts through their mobile devices. It can be downloaded and used to trade on iPhone, iPad, and Android devices while on the move.
The broker has a selection of useful trading tools to help clients stay up to date with the markets and also plan their trades; those tools include Trading Central tools, TradeFred Daily Briefing, and Social Trading.
TradeFred Research & Education
The broker has a good number of educational resources on its website, including the TradeFred Academy, FAQ, eBooks, and webinars.
TradeFred Trading Accounts
TradeFred offers different account types to its EU and international clients. The accounts for the EU clients and their corresponding minimum required deposits are as follows:
- Basic Account ($100)
- Standard Account ($500)
- VIP Account ($5000)
- Islamic Account which is swap-free
All accounts have zero commission, variable spreads, and maximum leverage of up to 1:30. There is also the TradeFred Pro Account for professional traders; it has up to 1:200 leverage and no ICF Protection.
On the other hand, the account types and their least required deposits available to international clients include the following:
- Basic Account ($250)
- Standard Account ($500)
- Advanced Account ($1000)
- VIP Pro Account ($5000)
- VIP Premium Account ($10,000)
All accounts have zero commission, variable spread, and maximum leverage of 1:50. Swap-free Islamic Accounts are also available.
TradeFred Account Funding
The broker accepts a wide range of account funding and withdrawal methods, such as bank transfer, credit/debit cards, and online wallets (APMs) such as Neteller, Skrill, Transferrapid, Trustly, WebMoney, and QIWI. The transaction processing time depends on the payment method used.
TradeFred Customer Service
TradeFred provides a multilingual customer support service team, and they are available 24/5 to offer immediate support during trading hours. The team can be reached via email, telephone, live chat, and an online contact form.
TradeFred is a brand operated by BrightFX Capital Limited, a Cyprus Investment Firm (CIF) that is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), with license number 342/17, to serve EU clients. In addition, the brand name is also operated by MagicPath Capital Limited, which is registered in Vanuatu and regulated by the Vanuatu Financial Services Commission (VFSC) with license number 17910, to serve international clients.
TradeFred Review Summary
TradeFred is an online forex and CFD broker that offers over 100 trading instruments, fast execution, and commission-free trade. The broker provides traders with the popular MT4 trading platform.
It is worth mentioning that some of the trading products and services in this TradeFred review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the TradeFred broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage 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.