TradeFred is an accomplished international Forex and CFD broker that is licensed by top tier regulatory agencies and have offices in UK, Australia and Vanuatu. TradeFred broker is powered by the Betfred group – a reputable bookmaker (sports betting company), regulated in the UK. There is also a negative balance protection for all its account types, one of the measures under consideration, regarding the trade of Contract For Differences (CFDs).
Contact phone numbers are; United Kingdom: +44 161 960 0929, Australia: +61 28 073 4453, and customer support email is: [email protected].
TradeFred is 100% safe because we find that it is licensed by reputable authorities like the Cyprus Securities and Exchange Commission (CySEC) in Europe, the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). These organizations require compliance with a number of strict rules that give significant assurance for the security of clients’ funds.
So, you don’t need to worry about security of your funds as TradeFred is involved in a compensation scheme that ensures traders’ funds are deposited in segregated accounts and the broker won’
TradeFred Review
TradeFred is a Forex and CFD broker. Trading Foreign Exchange (Forex) and Contracts for Difference (CFDs) with this provider is highly speculative, carries a high level of risk and may not be suitable for all investors. It is possible to lose all of your invested capital so you should not invest money that you cannot afford to lose.
Opening account with TradeFred is interesting and comes with some benefits. TradeFred is a competent broker for dealing in a wide variety of assets for CFD trading including; 50 Forex pairs / Commodities (platinum, gold, silver and oil), Agriculture (Coffee, Sugar, Corn) Market Indices and more. There are 3 account types to choose from BASIC, STANDARD, ADVANCED, PRO, PREMIUM, . There is also a SWAP FREE ACCOUNT for religious purpose. TradeFred welcomes investors in certain regions of the world and Europe as each broker regulated in Cyprus can operate in any country that is a member of the EU or the EEA.
What more, there is the Investor Compensation Fund, which can pay compensation up to €20,000 EUR per person, if this broker becomes insolvent. In order to be able to operate as investment firms and benefit from the above-listed rules, forex brokers licensed by CySEC are required to maintain a certain capital (EUR 730 000), keep client funds in segregated accounts, regularly reports transactions to the Commission and also comply with other regulation.
Minimum Deposit to Open Account
The minimum deposit to open account a basic account at TradeFred is $250 which is within the industry average. There are hundreds of forex brokers with low minimum deposit. Which one is best? All investors are trying to choose the best forex broker for themselves.
TradeFred offers higher category of account types that come with interesting features like dedicated manager, investment alerts, trading signals, access to specialist market analysts, lower spreads exclusive to VIP account holders read more.
The maximum leverages you can trade with your money is 50:1 and minimum trade size is 0.1. You can open a free demo account at TradeFred to test out their trading software, see here.
Spreads and Cost of Trading
We usually use spreads on EURUSD to judge because the currency is the most popular today.
Tradefred offers fixed spreads, starting from 3.0 pips on EUR/USD. we don’t recommend this broker for scalping because this trading strategy means opening a lot of deals within one day, and under these conditions a commission may amount up to 100 pips. To cut their costs on forex operations the traders opt for dealing desks with low spreads.
Trading Platform
During our check on TradeFred, we saw that the offering clients MetaTrader 4 trading platform. You will also find the Sirix Web Trader along with MT4 trading apps for Android & iOS.
The Metatrader 4 is simply the most convenient Forex trading platform.
Method of Payments
There are several deposit and withdrawal methods at Tradefred.
Anyway, we want to thanks TradeFred, because they made our investigation very easy. In order to review a broker and test its platform, we need to check for available deposit method to open a basic account. But in this case, TradeFred made it very simple because there are Bank Transfer, Credit/Debit Card, Broker to Broker transfer, WebMoney and Qiwi.
TradeFred License
Forex Broker Expert checks forex brokers to see if they are scams or legit. The most important thing to safely trade is to only deal with entities holding licenses from reputable financial regulators like ASIC, CONSOB, CySEC, FCA, NFA, and SEC.
- BrightFX Capital Ltd, is licensed and regulated by CySEC in Cyprus, with licensed number: 342/17.
- BrightAU Capital Pty Ltd, is the company name in Australia. They are a Corporate Authorised Representative (# 001258580) of Union Standard International Group Pty Ltd, which is licensed by ASIC, license number 302792.
- TradeFred is licensed as securities dealer in Vanuatu by the VFSC, company number 17910.
PathMagic Capital Limited, 6th Floor Steam Packet House, Cross Street, Manchester, United Kingdom, M2 4JG is the entity of where the merchant has an additional permanent location and conducts business activities in Europe.
Restricted jurisdiction: USA, Canada, Japan, New Zealand and Belgium.
Compare TradeFred
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Vantage FX is a popular broker that is licensed in Cayman Island and Australia. Social trading is offered via service providers like ZuluTrade and Myfxbook.
VantageFX offers attractive leverages on MT4 trading platforms, with very tight spreads, learn more.
Go try their Free Demo Account, signup here.
TradeFred
Pros
- Regulated Broker
- MT4 Supported
- Wide variety of asset, Negative balane protection
- Acceptable Minimum Deposit
- MetaTrader 4, Sirix web platforms available
Cons
- High fixed Spread
- Low leverages( ? Regulation)