TradeFW-Overview of Min. Deposit, Spreads & Leverage

Who is the TradeFW？

Founded in 2018, Limassol, Cyprus, TradeFW is an online brokerage firm that provides traders with an online trading environment and resources for trading several financial instruments, such as forex, indices, metals, commodities, stocks, and CFDs. TradeFW (formerly BO360) is the trading name of iTrade Global (CY) Ltd, which is authorized and regulated by the Cyprus Securities and Exchange Commission (Licence number 298/16). Trading instruments are available at TradeFW, including forex, indices, metals, commodities, stocks, and CFDs.

Minimum Deposit & Leverage

TradeFW offers a choice of different trading account types to clients, and they include the Standard, Gold, VIP, and Professional Accounts. The minimum required deposit to operate an account is $250, while the maximum leverage is capped at 1:30 and 1:500 for retail and professional clients respectively.

Spreads & Commissions

The spreads and commissions charged by TradeFW are pretty high as compared to other brokers in the market, for example, tight spread start from 2.7 pips on the Standard account, starting from 2 pips on the Gold account, from 1.7 pips on the VIP account and Pro account. The commission is charged on each trade, which makes the overall price pretty expansive

Deposit & Withdrawal

TradeFW accepts several payments methods for account deposit and withdrawals, including Credit/Debit card, e-wallets and bank wire transfers.