Tradeworks-Overview of Minimum Deposit, Spreads & Leverage

General Information

Tradeworks says it is the first and only forex company in Haiti since June 2017 through its parent company Innovare Capital Investment Group Inc, claiming that it provides its clients with trading platforms on different terminals, leverage up to 1:500, low spreads on over 250 tradable assets, as well as a choice of three different account types.

Market Instruments

Tradeworks advertises that it offers more than 250 trading instruments in financial markets, including Forex, CFDs on stocks, metals, energies, cryptocurrencies and more.

Account Types

There are three live trading accounts offered by Tradeworks, namely Mini, Standard and Premium. Opening a Mini account requires the minimum initial deposit amount of $100, while the other two account types with the much higher minimum initial capital requirements of $500 and $1,000 respectively.

Leverage

The maximum leverage ratio provided by Tradeworks is said to be as high as 1:500. However, from the interface of “Account Types”, we found that the broker only offers flexible leverage ranging from 1:1 to 1:200 to all account types. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads

According to the information displayed on the home page of Tradeworks official website, the spread seems to start at 0.7 pips.

Trading Platform Available

When it comes to trading platforms available,Tradeworks gives traders four different choices: PC Trader, Mac Trader, WEB Trader and Mobile Trader. Platforms can be installed on a computer, tablet or smartphone. With Mobile Trader, trading can be done from anywhere and at any time through the right mobile terminals.

Deposit & Withdrawal

From the logos shown at the bottom of the home page on Tradeworks official website, we found that this broker seems to accept deposits and withdrawals via Visa, MasterCard, Skrill, QiWi, WebMoney and Bitcoin. However, from the interface of “Deposit and Withdrawal”, we found the broker offers five different methods: Visa, Visa Electron, MasterCard, Maestro and Bitcoin. The minimum transfer amount is $100 and all can be processed instantly.

Customer Support

Tradeworks customer support can be reached through telephone: +50941545455, +50946855971, +50935610174, email: cust@tradeworks4u.com, support@tradeworks4u.com or fill in forms online to get in touch. Besides, you can also follow this broker on some social media platforms like Facebook. Company address: Tabarre 55 #55 Boulevard 15 Octobre Port au Prince, Haiti.