TradeWill Review: Is TradeWill Broker Good?
Broker overview and general information
Tradewill is an online trading broker that offers a wide range of financial products such as Forex, Crude Oil, Precious Metals, Stocks and Cryptocurrencies. The company was founded in 2016 under the companyTradewill Global LimitedIt is regulated by the Seychelles Financial Services Authority (FSA) with license number SD111. The company is also registered in Saint Vincent and the Grenadines with registration number 1365 LLC 2021. Trading platforms offered by Tradewill include MetaTrader 4 (MT4) and in-house developed platforms such as WebTrader and mobile applications.
Broker Licensing and Regulation
If you ask whether TradeWill is good, you should start by considering the registration and license first, which are detailed as follows:
Tradewill Global Limited is a securities company registered in Seychelles, regulated by the Seychelles Financial Services Authority (FSA), Certificate Number: SD111, Legal Address: Room B11, 1st Floor, Providence Complex, Providence, Mahe, Seychelles.
Tradewill Global LLC is a Forex company registered in Saint Vincent and the Grenadines with registration number 1365 LLC 2021 with legal address Euro House, Richmond Hill Road Kingstown, St Vincent and the Grenadines.
⚠️Warning: Although the broker is regulated, many users are concerned about the FSA and FSA Seychelles licenses because they are Tier D licenses, which are less strict in terms of regulation. This makes users feel uncertain about the regulation under this agency. Therefore, this factor should be reconsidered before investing.
Broker Products and Services
Trading products
Forex
Access over 60 currency pairs, competitive spreads, instant deposits, fast withdrawals within 30 minutes, average order execution speed of 0.04 seconds.
Stocks
Access global stocks with excellent trading conditions, such as Amazon, Apple Inc, Tesla Inc, etc. Competitive spreads, instant deposits, fast withdrawals within 30 minutes, average order execution speed of 0.04 seconds.
Index
Access global indices with excellent trading conditions, such as S&P 500, Dow Jones, DAX, etc. Competitive spreads Instant deposits, Fast withdrawals within 30 minutes Average order execution speed 0.04 seconds
Metals
Use the world’s most popular MT4 platform to trade gold and silver. Access major commodities such as gold and silver. Competitive spreads. Instant deposits. Fast withdrawals within 30 minutes. Average order execution speed of 0.04 seconds.
Trading Platform
MetaTrader 4 (MT4)
The broker supports the popular trading platform MetaTrader 4 (MT4), which allows trading currency pairs and other financial products through CFDs (Contracts for Difference). It stands out with its wide range of features, is easy to use and suitable for both novice and professional traders. It has the following interesting features:
24/7 customer service
A wide range of financial products
Supports digital currency payments and local payment channels
Member account to receive additional discounts
Web Trader Terminal
Designed to meet the needs of users, it has a user-friendly design, suitable for both novice and professional traders.
Comes with technical drawing tools (Indicators) from Trading View to help you analyze the market more accurately.
Supports trading of all assets offered by the broker
Sync trading orders between web and app
TradeWill Review: Account Types
Standard Account
Pro Account
Tradewill Account
Customer Support and Service
Address:Room 3, Attic Suites, 3rd Floor, Oliver Maradan Building, Victoria, Mahe, Seychelles
Telephone:+248 4224249
Website:https://www.tradewill.com/contact
Email: [email protected]
Broker Review Overview Summary
TradeWill is a broker with several disadvantages that investors should consider carefully before deciding to use. One of the major problems is the regulation, which lacks clarity in obtaining a license from a reputable financial agency, causing concerns about the safety of funds.
There are also negative user reviews regarding withdrawal delays and issues with higher than average trading fees. In addition, there are also reports from some investors about extortion problems on the platform. Therefore, investors should consider and study the information carefully before deciding to use the services of this broker.
TradeWill FAQs
What is TradeWill?
A:A trading platform with a wide range of financial assets for trading, including Forex, Stocks, Commodities, Indices, and more.
Is the broker regulated?
A:Brokers are regulated but there are still concerns about the reliability of the licenses they have obtained.
What trading platforms are supported?
A:MetaTrader 4 (MT4) and WebTrader platforms
What is the minimum spread and maximum leverage?
A:Spreads start at 0.0 pips and leverage up to 1:500
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