Abstract:TradeFred is a financial broker, while currently operating without valid regulatory oversight, it offers three kinds of account types, including Basic, Standard, and VIP, with a minimum deposit requirement of $100. The broker utilizes the MetaTrader 4 (MT4) trading platform, providing fixed spreads and leverage of up to 1:30 for retail traders and up to 1:200 for professional traders. Tradable assets encompass forex, metal, energies, indices, stocks, commodities and Cryptocurrencies. Educational resources like eBooks, video tutorials, and webinars are available to assist traders in refining their trading strategies and skills. TradeFred offers customer support through various channels and accepts multiple payment methods for deposits and withdrawals.
TradeFred | Basic Information |
Registered Country/Area | Australia |
Regulation | Currently unregulated |
Minimum Deposit | $100 |
Maximum Leverage | Up to 1:30 for retail, up to 1:200 for Pro |
Spreads | Fixed, varies by asset |
Trading Platforms | MetaTrader 4 (MT4) |
Tradable Assets | Forex, metal, energies, indices, stocks, commodities and Cryptocurrencies |
Account Types | Basic, Standard, VIP |
Demo Account | Available |
Islamic Account | Available |
Customer Support | 24/5 availability, online form, email, phone |
Payment Methods | Bank transfers, Credit/Debit cards, E-wallets |
Educational Tools | eBooks, Video tutorials, Webinars, Guides |
TradeFred is a financial brokerage that offers marketing instruments including Forex, metal, energies, indices, stocks, commodities and Cryptocurrencies. It's important to note that TradeFred operates without current valid regulatory oversight. The broker provides three types of account, including Basic, Standard, and VIP, each with varying features to accommodate different trading preferences.
TradeFred operates primarily on the MetaTrader 4 (MT4) trading platform, a widely recognized software used in the trading industry. This platform offers advanced charting tools, technical indicators, and automated trading capabilities.
In terms of education, TradeFred offers resources such as eBooks, video tutorials, and webinars to assist traders in improving their trading skills and strategies. The broker also provides various payment methods for deposits and withdrawals, along with customer support accessible through multiple channels. However, traders should consider TradeFred's current unregulated status as a factor in their decision-making process.
As of the present time, TradeFred operates without being subjected to any valid regulatory oversight.
It is important to note that trading with an unregulated broker carries inherent risks. Regulatory bodies play a crucial role in ensuring transparency, investor protection, and the fair operation of financial markets. Regulatory oversight often involves enforcing stringent requirements related to capital adequacy, segregation of client funds, transparency of operations, and adherence to ethical business practices. The absence of regulatory oversight can potentially expose traders to greater risks, including issues related to fund safety, fair execution, and dispute resolution.
Traders and investors are advised to exercise caution and due diligence when considering engaging with a broker that operates without regulatory supervision. It is recommended to thoroughly research and assess the broker's reputation, business practices, customer feedback, and the overall level of risk associated with trading through an unregulated entity.
Pros | Cons |
Educational resources available | Unregulated |
Diverse trading instruments | Limited customer support |
Demo account available | Limited account types |
Islamic account available | High minimum deposit |
TradeFred presents several advantages for traders, including access to educational resources that help users enhance their trading skills. The brokerage offers a wide range of trading instruments, allowing traders to diversify their portfolios and explore various market opportunities. Moreover, TradeFred provides a demo account feature, enabling traders to practice and refine their strategies in a risk-free environment. Additionally, the availability of an Islamic account option caters to traders adhering to Islamic finance principles.
However, there are certain drawbacks associated with TradeFred. One notable concern is the lack of regulatory oversight, potentially raising questions about the safety and security of traders' funds and operations. The brokerage's customer support services are limited, which may pose challenges for traders seeking timely assistance. Furthermore, TradeFred offers a limited variety of account types, potentially limiting options for traders with specific preferences. Lastly, the minimum deposit requirement is relatively high, which might be a barrier for some potential traders. Traders should carefully consider both the advantages and disadvantages of trading with TradeFred before making their decisions.
TradeFred provides an extensive array of trading instruments, catering to a diverse range of investment preferences. Among the offerings, traders can engage in forex trading, allowing them to participate in the foreign exchange markets and speculate on currency price movements. Additionally, the broker offers trading opportunities in precious metals, providing access to assets such as gold and silver. Energies also form a part of the portfolio, enabling traders to explore the dynamics of energy markets through trading in commodities like oil.
TradeFred's offerings extend to indices, providing traders with the ability to speculate on the performance of various market indices. This includes popular indices from around the world, allowing traders to take positions on broader market trends. The broker also includes stocks, enabling traders to trade equities of well-known companies listed on major stock exchanges.
Commodities trading encompasses a diverse range of products, such as agricultural goods and raw materials. TradeFred's offering in this category enables traders to participate in markets related to goods like wheat, coffee, and crude oil. Moreover, the broker embraces the growing interest in the cryptocurrency market, allowing traders to engage in trading various cryptocurrencies like Bitcoin, Ethereum, and others.
Account Types at TradeFred offer distinct features catering to various trader preferences and needs.
The Basic Account presents an entry-level option, mandating a minimum deposit of $100. This account offers one-day withdrawal processing and provides access to educational resources such as eBooks and instructional videos.
Moving up the ladder, the Standard Account calls for a minimum deposit of $500. In addition to the one-day withdrawal feature and access to eBooks and training videos, this account provides complimentary trading signals and boasts lower spreads, enhancing trading possibilities.
At the pinnacle of their offerings is the VIP Account, demanding a minimum deposit of $5,000. This elite account extends the benefits of one-day withdrawals, access to educational resources including eBooks and videos, as well as free trading signals and lower spreads. Furthermore, VIP Account holders enjoy personalized attention with the inclusion of a dedicated VIP account manager, ensuring tailored assistance.
TradeFred offers a range of leverage options, each tailored to specific trader categories.
For retail traders, the maximum leverage is limited to 1:30. This measure adheres to regulatory guidelines and aims to balance risk and opportunity within trading activities.
Moreover, TradeFred provides an Islamic account option, which operates on a swap-free basis to accommodate traders who adhere to Islamic finance principles.
For professional traders, TradeFred introduces the TradeFred Pro Account. This specialized account offers a higher leverage potential of up to 1:200, providing an increased risk-reward dynamic. However, it's important to note that the TradeFred Pro Account does not include the Investor Compensation Fund (ICF) protection available to other European Union account types.
TradeFred employs a fixed spread model across its platform, regardless of the product or currency pair being traded.
TradeFred exclusively employs the MetaTrader 4 (MT4) as its trading platform. MetaTrader 4 offers an extensive range of functionalities and boasts execution speeds, facilitating the execution of intricate trading strategies. This platform equips traders with access to real-time market dynamics, comprehensive analytical tools, and trend charts. Through MT4, traders can engage in trading across six asset categories, supported by five-star customer support and exclusive educational resources. These resources can be accessed through desktop downloads, mobile applications, and the WebTrader interface.
TradeFred provides a variety of payment methods for traders to fund their accounts, including bank transfers, credit/debit cards, and several e-wallet options such as Neteller, Skrill, Transferrapid, Trustly, WebMoney, and Qiwi. Deposits are processed instantly, ensuring prompt availability of funds for trading activities.
Regarding withdrawals, the processing times differ based on the client's location. For European Union (EU) clients, withdrawals typically require 1 business day to process. For international clients, the processing time extends to 5 business days.
The TradeFred support team offers assistance 24 hours a day, 5 days a week, aligning with the trading week's schedule and market activity. During weekends, when the markets are also closed, the support team is not available.
For queries and assistance, traders have multiple contact options. An online submission form is provided on the platform, allowing traders to submit their queries. Replies from the support team are then delivered via email. Additionally, traders can utilize a postal address provided for correspondence purposes. For direct communication, TradeFred offers a support email address.
For those seeking immediate assistance, a phone number is provided: +357-22009101.
Contact Details:
Address: 24 Piraeus Street, 4th Floor, Office 401, Strovolos, Nicosia 2023 Cyprus
Email: support.eu@tradefred.com
Phone: +357-22009101
The platform features an education center that encompasses a comprehensive range of topics. The educational offerings cover fundamental aspects of trading, including guidance on how to execute trades effectively and understand the mechanics of contracts for difference (CFDs). Traders can delve into essential topics such as fundamental and technical analysis, which provide insights into market trends and the factors that influence asset prices.
To further enhance understanding, TradeFred provides a glossary section, assisting traders in comprehending the specialized terminology frequently used in the trading domain. Frequently Asked Questions (FAQs) are also available, addressing common queries and providing clarifications to assist traders in navigating the platform and their trading activities.
In addition to written resources, TradeFred offers a range of interactive learning materials. This includes eBooks that delve into specific trading concepts, video tutorials that visually guide traders through various aspects of trading, and webinars that offer real-time insights and expert guidance.
In conclusion, TradeFred operates as a financial broker, offering a range of account types and provides access to the MetaTrader 4 (MT4) trading platform, along with fixed spreads and leverages suitable for both retail and professional traders. Its diverse asset categories and educational resources, such as eBooks and webinars, offer traders opportunities for diversified trading and skill enhancement. However, it's important to note that the current lack of regulatory oversight might be a drawback for some traders, as regulatory protection is absent. Prospective traders should carefully consider this aspect along with the broker's offerings and conduct thorough research before making trading decisions.
Q: What trading platform does TradeFred offer?
A: TradeFred exclusively utilizes the MetaTrader 4 (MT4) as its trading platform.
Q: What are the available deposit methods on TradeFred?
A: TradeFred offers multiple payment options, including bank transfers, credit/debit cards, and various e-wallets such as Neteller, Skrill, and Trustly.
Q: How can I contact TradeFred's customer support?
A: You can reach TradeFred's customer support team 24 hours a day, 5 days a week, via an online submission form, email (support.eu@tradefred.com), or phone (+357-22009101).
Q: What is the maximum leverage for retail traders on TradeFred?
A: The maximum leverage for retail traders is capped at 1:30.
Q: How long does it take to process withdrawals on TradeFred?
A: For EU clients, withdrawals usually take 1 business day to process. For international clients, the processing time extends to 5 business days.
Q: Is TradeFred regulated?
A: As of now, TradeFred operates without valid regulatory oversight, which traders should consider when making their investment decisions.
Q: Is there a demo account available on TradeFred?
A: Yes, TradeFred provides a demo account option for traders.