TradedWell is a Cyprus licensed Forex / Crypto CFD broker, that opened to investors in October 2020. April 2023 they closed and went out of business.
Owned & operated by Itrade Global (Cy) Ltd, TradedWell is located at: Isiodou, Andrea Laskaratou & Emmanouil Roides Street 10-12, 2nd Floor, Agia Zoni, 3031 Limassol, Cyprus.
Their main phone number is: +448000318499. Official Website is: https://TradedWell.com. The contact email address is: [email protected].
For complaints or withdrawal issues, read this.
TradedWell Review
Our review of TradedWell shows that they offer Forex CFD day traders and investors, the popular and user-friendly MetaTrader4 (MT4) trading platform. They make available both the web-based MT4 trading app and the standard MetaTrader mobile apps. They offer CFD trading in more than 170 underlying assets, including; Major Forex pairs, Exotic Forex pairs, Crypto Currencies, Shares, Metals and Indices.
Maximum leverage offered on Forex is limited at 30:1, following European standards. Professional traders can apply to have their leverage rate increased to 400:1. Trading with leverage can be very risky, and new traders should make sure they fully understand the risks associated with using margin. Three trading account types are offered, with the minimum deposit for a Silver account starting at $250.
As a European forex broker, their website is localized and translated into Italian, Spanish, German, Portuguese, Nederlands, and English. Many Forex brokers today are connected with automated trading robots and signals software. You can research the various trading signals and software, see here.
Fake Trading Apps – Warning!
You should know that many fake trading apps are circulating online, and they are called Bitcoin Code, Crypto Genius and more.
Before using any automated trading system, you need to know a few things:
- Automated trading apps are not 100% accurate.
- Most people lose money when using an algorithm trading app.
- CFD brokers are not licensed to give you investing advice.
Go read more about automated trading robots.
Is TradedWell Regulated?
Yes, TradedWell is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), with license number 298/16.
The way that the Scam Broker Investigator reviews a CFD broker to determine if they are a legitimate broker or a scam, is by checking for a valid broker’s license. In recent months, we have seen many scam brokers that were not regulated, go out of business and take their client funds with them.
The best brokers are always licensed by the FCA United Kingdom or BaFin Germany. Smart investors will only use a licensed broker, because of the protection you are afforded from their financial regulator.
Compare Brokers
ForTrade is a popular international broker, since they are regulated and licensed by the FCA, ASIC and IIROC, see here.
Go try a Free Demo Account at: ForTrade.com.
What was your experience investing with the brokers at TradedWell? Please share your review in the comment section below.