Tradeview Forex is a semi-popular online broker that’s headquartered in Canada.
It offers a wide variety of trading opportunities to clients around the world, and they have a number of trading platforms at their disposal, including MetaTrader4, MetaTrader5 and Currenex.
- About Tradeview Forex
- Opening an Account
- Innovative Liquidity Connector
- X Leverage Account
- How Long Does the Account Creation Process Take?
- Identity and Verification
- Can Tradeview Forex Be Trusted?
- Research and Assistance
- Demo Accounts
- Desktop Experience
- Mobile Experience
- Investment Options
- Commissions and Fees
- Deposits & Withdrawals
They offer a wide variety of platforms and tools, including virtual trading, social trading, charting, order types and more – and while their licensing and regulation is weak, I believe that they can be trusted.
Let’s kick things off with a look at who Tradeview Forex are.
Tradeview Forex review was last updated in May 2020. Author – Jonathan Mann.
About Tradeview Forex
Tradeview Forex was established in 2004.
Their vision – as proclaimed on their own website – is to provide an unmatched online trading solution to a broad range of investors and traders around the world.
The company has grown quickly, and now boasts some 20,000 trading accounts.
Of course, this is a drop in the ocean when compared to some of the larger trading platforms, but it’s nice to see a smaller company doing well.
Tradeview Forex also boasts more than 100 different white labels, showcasing their commitment to partnering with other companies and trading platforms.
They currently offer four different trading platforms, details of which I’ll cover shortly in this Tradeview Forex review.
They’re regulated and licensed in the Cayman Islands.back to menu ↑
Opening an Account
Tradeview Markets offers two main types of accounts.
These are the Innovative Liquidity Connector and the X Leverage Account.
You can also create an account in one of three ways: individual account, corporate account and joint account.
Let’s take a look at the two main account types…back to menu ↑
Innovative Liquidity Connector
This is Tradeview Forex’s professional trading account, and the spread starts from 0 pips. Commissions per side are $2.50 and the minimum account opening balance is $25,000.
There is a total of 100 instruments available to trade on the Innovative Liquidity Connector account, and you can choose one of four base currencies: USD, EUR, GBP or JPY.
The account benefits from leverage up to 1:1,000, and the minimum trade size is 0.1 lots.
You get 5-digit trading, hedging, auto trading and scalping included, and this account can be made into a corporate or joint account at any time.back to menu ↑
X Leverage Account
The X Leverage Account is the account that the vast majority of clients will be opening, and with a minimum deposit of just $100 it doesn’t require a sizable investment to get started.
The spreads are competitive, and there are no commissions charged per side.
Like the Innovative Liquidity Connector account there are a total of 100 instruments you can trade, and there are, again, four base currencies to choose from: USD, EUR, GBP and JPY.
This account benefits from a leverage of 1:400, and the minimum trade size, like the Innovative Liquidity Connector account, is 0.01 lots.
This account is geared towards both beginners and professionals, and with such a low starting balance requirement it’s well-suited to those who are looking to find their feet in the online trading world.back to menu ↑
How Long Does the Account Creation Process Take?
The time it takes to open an account varies quite a bit depending on whether you apply for an individual, joint or corporate account.
If you open an individual or joint account, the account creation process is pretty quick and can be completed within a few minutes.
You will need to send in a few documents which I’ll talk about in just a moment, and that’s it.
If, however, you choose to open a corporate account there are more hoops to jump though.
You will need to complete quite a comprehensive identification check and provide various company documents and proof of ownership.
Because of this, opening a corporate account can take up to a week.back to menu ↑
Identity and Verification
All new account holders at Tradeview Forex will be required to prove their identity, and this requires them to provide a copy of a government-issued ID, passport or driving license, along with proof of address.
The only accepted proof of addresses are utility bills and bank statements.
Once you submit your documents, Tradeview Forex aims to process them within 24 hours, although from my personal experience it’s usually completed within a few hours.
This, however, is only applicable on weekdays, as over the weekends you may need to wait until the following Monday until you’re able to trade.back to menu ↑
Can Tradeview Forex Be Trusted?
Tradeview Forex has a solid reputation in the online brokerage world, and they’re regulated and licensed by some of the most prestigious and well-known regulators in the world.
They’re regulated by the Cayman Island Monetary Authority (CIMA), the Labuan FSA in Malaysia, the Financial Conduct Authority in the UK and the MFSA in Malta.
These regulators oversee Tradeview Forex’s operations and ensure that they’re adhering to strict rules and regulations.
Client funds are automatically segregated in separate accounts from the company’s, and this ensures that your money is protected in the case of insolvency.
It also prevents Tradeview Forex from using client monies for their day-to-day business operations, giving an added layer of protection when it comes to keeping your money safe.
I have no doubts that Tradeview Forex is a reputable and safe company, and I wouldn’t hesitate to trade there myself.
They’re regulated in some of the toughest jurisdictions on the planet and haven’t run into any major problems so far in their history.back to menu ↑
Research and Assistance
Like most trading platforms, Tradeview Forex offers some educational resources for you to take advantage of, and one of the most notable of these is known as the Rhino Report.
This publication is released every few weeks and covers major events in the world that could affect trading. For example, they’ve concentrated heavily on both Brexit and COVID-19.
There’s also a forex educational section where you’ll find information pertaining to how to actually trade forex, and what to expect.
Unfortunately, there aren’t any step-by-step videos or video tutorials, and I was unable to find any eBooks either.
However, they do run regular client webinars, which are designed to allow you to get an idea of the basics.
I particularly like that you can view all past webinars too, as this means you don’t need to be available immediately.
I think it’s fair to say that the research and assistance part of Tradeview Forex’s site could be better – but they have some basics covered.
However, I’d strongly advise brand-new traders to choose another online broker, as there are far more comprehensive and thorough educational tools on offer.
Their blog is sometimes very helpful though, occasionally featuring links to opinion pieces which can provide some valuable insight into trading as a whole.back to menu ↑
You can open both of the accounts at Tradeview Forex in a demo mode, and this lets you enter the trading world – and try out the trading platform – without actually opening a proper account or risking any of your own money.
Setting up a demo account takes just a couple of minutes, and you don’t need to worry about verifying any information – a demo account can be opened by anyone aged 18 or above.back to menu ↑
I was happy to see that Tradeview Forex offers no less than four different trading platforms, all of which are fully optimized for both desktop and mobile use.
Below, I’ll take a look at these different trading platforms and what you can expect when using them.back to menu ↑
Arguably the most well-known trading platform on the planet, MetaTrader4 is packed to the brim with features and functions designed to make your trading experience as easy as possible.
It offers a fantastic variety of charting and technical indicators, and there’s also a large selection of drawing tools.
I particularly like how all these tools are simple and easy to use, making them accessible to both new and experienced traders.
The speed of MetaTrader4 is also well-worth pointing out, and the super low-latency levels mean you can place trades easily, quickly, and without delay.
MetaTrader4 also offers some social trading features, allowing you to “copy” signals from other traders. This enables you to follow experienced traders, and – hopefully – manage the same success.
There are no restrictions on trade speeds with MetaTrader4, and you’ll also find yourself able to set up some very basic bots and automation tools, which will appeal to the more experienced traders.back to menu ↑
MetaTrader5 is another hugely successful product from MetaQuotes – the same company behind MetaTrader4 – and it’s pretty similar to its predecessor, with the exception that it contains a number of additional features and perks designed to appeal to the more experienced traders.
For example, you can purchase technical indicators and expert advisors, and there’s also a built-in renting option.
Like MetaTrader4, copy-trading and Forex trading signals are available, and there are many more options when it comes to setting up automation and trading bots when compared against MetaTrader4.back to menu ↑
cTrader is another leading trading platform, and it’s designed for traders looking to place STP (straight through processing) trades.
The trading platform comes with superior spreads which are as low as 0 pips and great speeds, making it an excellent choice for those wanting to place super-fast trades.
Tradeview Forex’s cTrader trading platform is available in 14 different languages, and it can also be connected to the highly unique liquidity connector, which is a state-of-the-art piece of technology designed by Tradeview Forex.back to menu ↑
Currenex is the fourth and final trading platform offered at Tradeview Forex, and it’s geared almost entirely towards experienced, professional traders.
Currenex offers an extensive range of liquidity providers, all available under one centralized database.
It also supports superior order management, and there’s advanced reporting tools available too. Finally, it offers super high-speed executions, allowing you to place trades easily and quickly.
Of course, market prices are updated in real-time too, and all are available at the touch of a button.back to menu ↑
Tradeview Forex don’t have their own dedicated mobile app, but they do allow you to make trades through MetaTrader4’s and cTrader’s apps.
Both of these are available for iOS and Android devices and can be downloaded free of charge from the relevant app marketplaces.
To be honest, I found both mobile apps to be pretty good, and I think it’s fair to say that you won’t run into any problems using them.
I’d recommend you ensure your mobile internet connection is stable, however, as placing trades a stable connection can make things very challenging.
Unfortunately, you can’t trade any CFDs from the mobile apps, although you will find the full range of forex currency pairs.
There’s also charting features available within the apps, including drawing trend lines, horizontal turns and technical studies and indicators.back to menu ↑
I found Tradeview Forex’s investment options to be fairly standard, and I wouldn’t say they’re particularly bad – but they’re not great, either.
Despite having the word “Forex” in its name, I was disappointed to find that Tradeview Forex only offers 11 different currency pairs.
These are largely major pairs, although there’s a couple of minor pairs too.
When it comes to cryptocurrencies, Tradeview Forex is rather impressive.
They currently offer five different crypto/fiat pairs, and you’ll find BTC/USD, BTC/JPY, ETH/USD, LTC/USD and XRP/USD. In the future, I’d like to see the site adding more pairs.
I’d also like to see clients able to trade cryptocurrencies as CFDs, as I feel this is quite a critical feature for today’s online brokers to have.
You’ll also find six different indices available at Tradeview Forex.
This includes some major global economies along with some of the less-common ones. For example, you’ll be able to gain access to the GDAXI, the NDC and the AUS200.
I should point out that not all indices can be traded by all clients, as some are country restricted.
When it comes to CFD commodities, Tradeview Forex offers the standard selection, and this includes the likes of gold, oil, silver, and natural gas.
These tradable assets are available for all traders, and you’ll also find yourself able to trade a Gold/EUR pairing too.back to menu ↑
Commissions and Fees
Take a quick glance at Tradeview Forex’s website and you’ll immediately notice that it boasts some of the best fees and commissions in the industry.
The X Leverage Account, which will be used by most traders, offers low fees and represents one of the better value offerings in the trading world.
Below, you can view our chart showing some of the various fees associated with different accounts at Tradeview Forex.
Any account at Tradeview Forex that remains inactive for a period of six months will be subject to an inactivity fee.
This is priced at $50, regardless of account type, trade volume or the country you’re from. Aside from this, I didn’t find any notable fees or commissions to be aware of.back to menu ↑
Deposits & Withdrawals
I am incredibly impressed with the variety of payment methods offered at Tradeview Forex, and they do a fantastic job of displaying all their payment methods, associated fees and timeframes on their “Funding” page.
Tradeview Forex has partnered up with a number of banks to provide smooth, hassle-free transfers using bank transfers, and this includes partnerships with Scotiabank, BMO, banregio, GC Partners, Banco Pichincha and Interbank.
All bank wire transfers need to be made in USD, aside from those using GC Partners and BMO, as these two payment options offer a number of other currencies.
Tradeview Forex also accepts all major debit and credit cards, including VISA and MasterCard.
There are no fees attached to making fees with debit and credit cards, and funds are credited to your account instantly.
f you opt to make a transfer using a bank transfer, you’ll need to wait a couple of days until the funds have cleared before they’re successfully credited to your Tradeview Forex account.
There’s also a number of other payment methods offered, including Interac, Bitwallet, ecoPayz, Neteller, Skrill, advcash, TransferMate, fasapay, STICPAY, bitpay and uphold.
Generally speaking, all deposits are credited to your account instantly, and Tradeview Forex does not charge any commissions or fees when it comes to deposits either.
Withdrawals are processed quickly, with the online broker aiming to process all withdrawal requests within 48 hours.
However, the time it takes the funds to reach your account varies greatly, depending on which payment method you’ve chosen to use.
Using Bitcoin or an EWallet like Skrill or Neteller will allow you to receive your money as soon as Tradeview Forex has processed your withdrawal though.
If you’ve read any of my other reviews, you’ll notice that I’m a big advocate for customer support facilities.
Unfortunately, it seems as though Tradeview Forex maintains a relatively poor customer support facility, and there are quite a few complaints online regarding the long response times experienced by users.
I wanted to see it in action for myself, so I decided to take an in-depth look at the customer support facilities available at Tradeview Forex.
Their main “Contact” page contains nothing more than just an email form. They don’t even provide their phone numbers/email addresses for you to get in touch.
However, I did later learn that they do have customer support facilities, although you do need to be a registered trader in order to access the support functions.
The main way in which you’ll be able to contact the customer support team is through a live chat facility. If you’ve not used live chat before, it’s incredibly easy and straightforward.
Simply open up one of the live chat windows, enter your username or registered email and enter a brief description of your query.
You will then be connected to a member of the customer support team right away, allowing you to chat through your problem.back to menu ↑
I think, arguably, the biggest benefit of joining Tradeview Forex is the huge selection of trading platforms they offer.
With four to choose from, traders have a massive amount of choice, and this allows you to customize the trading experience to fit your personal needs.
I find their selection of investment options a little disappointing however, as it’s not as large as some of the major names in the online brokerage world today.
This is something Tradeview Forex needs to work on, and I hope to see them adding new assets in the future.
Their Innovative Liquidity Connector Account offers some grea features, and it is, by far, one of the biggest benefits of joining the site.
The large selection of payment methods is also impressive, and I like the fact that there are no fees attached to making deposits – something many online brokers are still getting away with.
In short, whether you’re a complete beginner or an advanced trader, Tradeview Forex is a great place to make trades.
Their platform is very user-friendly, easy-to-use and easy-to-navigate, and with four different trading platforms you’ll be inundated with choice!
- Low spreads
- Diversity of trading tools
- Diversity of forex and CFD instruments
- Reliable forex broker
- Fast account opening
- Good for Pros
- Good for beginners
- Customer Support could be improved
- Offer of tradable instruments could be better
Details: Tradeview Forex Review
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