TradeFred is a new Forex broker powered by the BetFred group and operated by MagicPath Capital Ltd. They are located at SIP Building, PO Box 3010 Rue Pasteur, Port Vila, Vanuatu. Their phone numbers are; United Kingdom +44 161 960 0929, Russia: +7 499 609 2530, and the contact email address is: [email protected].
TradeFred Forex Review
Investors trading at TradeFred have access to the MetaTrader 4 trading platform, along with a Web Trader and mobile traders have access to MT4 Mobile for Android & iOS. Leverage rates are up to the new standard of 50:1. They offer 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. TradeFred started out catering to investors in certain regions of the world, and their website is is available in the following languages; English, Arabic and Russian.
Minimum deposit for a basic trading account is $250. VIP traders looking for a no swap account, the minimum deposit is $10,000. You can open a free demo account at TradeFred to test our their trading system.
When reviewing a new Forex broker to see if they are a legitimate broker or a scam, the first item we look for a valid brokerage firms license. Many countries have their own regulatory agency that issues licenses to local brokers. The most popular place for brokers to get a license from is CySEC in Europe.
TradeFred is licensed as securities dealer in Vanuatu by the VFSC, company number 17910. They plan on obtaining additional licenses in other countries soon. Their payments are processed by: PathMagic Capital Limited, 72-76 Cross street, Steam packet house, Manchester M24JG, United Kingdom.
The market volatility in 2015 has caused traders to now understand the reason to only trade with a competent licensed and regulated Forex broker. TradeFred does not accept Forex traders from the United States, Canada or Japan.
Searching for a new Forex broker is a hard and tedious process. Here are a couple of brokers to check out.