What Is Tradeview？
Founded in 2004, Tradeview Ltd is a Cayman Islands-based company with a focus on global FX trading. They cater to institutional clients like hedge funds, high-frequency traders, corporations, and CTAs. However, a red flag for some is its lack of regulation.
Pros & Cons
Pros:
Demo Account Offered: This allows you to practice trading on the MT5 platform with virtual funds before risking real money. This is a valuable tool for beginners or anyone wanting to test out Tradeview's features and platform before committing.
MT5 Supported: Tradeview supports the popular MT5 trading platform, which offers a user-friendly interface, advanced charting tools, technical indicators, and algorithmic trading capabilities (Expert Advisors).
Cons:
No Regulation: This is a major concern for some traders, as a lack of regulation can raise questions about the safety of your funds and the overall reliability of the company.
Extremely High Minimum Deposit: The minimum deposit is likely to be significantly higher than what most retail traders typically expect.
Extremely High Commissions: Tradeview charges a fixed commission of $2,000 per month. This is very expensive for most traders, especially considering the lack of a tiered commission structure based on trading volume.
Is Tradeview Safe or Scam？
Regulatory Sight: Tradeview is currently functioning without any regulation, meaning it does not fall under the supervision of any financial regulatory bodies and does not possess any licenses to operate in the financial market. The absence of any such oversight raises concerns about the firms adherence to financial standards and regulations, increasing the risk for investors.
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: So far we haven't found any information about the security measures for this broker.
Commission
Tradeview charges a commission of $2,000 per month, which is extremely high and unrealistic. The reason why it is so expensive could be that its service is provided mainly for pro traders and users with larger capitals. Tradeview raises the bar for its services, so it can better serve its customers.
Trading Platform
Tradeview provides the MetaTrader 5 (MT5) trading platform to its clients. MT5 is a versatile and advanced trading platform that offers a wide range of features and tools for trading various financial instruments. With MT5, traders can access real-time market quotes, advanced charting tools, technical indicators, and analytical tools.
The platform also supports automated trading through expert advisors (EAs) and allows for flexible customization to suit individual trading preferences. Additionally, MT5 is available on multiple devices, including desktop computers, smartphones, and tablets, enabling traders to stay connected to the markets and manage their trades from anywhere at any time.
Customer Support
Tradeview offers customer support 24 hours a day, 6 days a week (24/6).
Contact Form: You can submit a question or request through a contact form on their website.
Social Media: They have a presence on several social media platforms, including Facebook, Google Workplace, and LinkedIn. You can likely send them a direct message or post a comment on their page to get support.
Telephone: They have a phone number listed (+1 345 945 6271) that you can call for assistance.
Conclusion
Tradeview is a broker that provides its service to traders with large amounts of capital. It charges extremely high commissions and minimum deposit, and combined with its non-regulated status, we do not recommend users to trade with this broker.
Frequently Asked Questions (FAQs)
Q: Does Tradeview support MT4/5？
A: Yes, it does support MT5.
Q: Does Tradeview charge a commission？
A: Yes, a monthly commission of $2,000 will be charged.
Q: What is the minimum deposit required to open an account？
A: The minimum deposit required is $100,000.
Q: Is Tradeview regulated or not？
A: No, it is not regulated.
Q: Is there a demo account available？
A: Yes.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
