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Tradeview Markets (formerly Tradeview Forex), founded back in 2004, is a broker offering over 40 financial instruments for trading on three trading platforms. Behind this brand is Tradeview Ltd., based in the Cayman Islands and licensed by the Cayman Islands Moneyetary Authority (CIMA).
Company. Fund security
Offshore countries are known for their loyal relationships with brokerage organizations. They are attractive locations for startups as it is relatively easy and economical to start an online trading business.
Some of the advantages of Forex companies in the Cayman Islands are exemption from all local taxes and stamp duties, non-disclosure and a minimum capital requirement for the company.
CIMA regulation cannot be compared to the oversight of US or UK financial regulatory agencies. However, Forex brokers licensed in the Cayman Islands must have at least $ 100,000 in net tangible assets, adhere to a specific reporting schedule, and regularly submit financial statements to an independent auditor.
If you intend to invest a large amount of money, we would advise you to choose a broker from another jurisdiction. You can get acquainted with other Forex brokers in our rating.
Trading conditions
Tradeview Markets clients are offered a choice of two account types: an X Leverage free account with higher leverage, and an ECN Innovated Liquidity Connector account, which provides lower spreads with commission.
Both account types offer micro lot trading.
Minimum initial deposit
To open an account with Tradeview Markets, you need to deposit at least $ 100. This is the industry average. But we cannot fail to mention brokers, work with which is available starting from $ 1.
Spreads and commissions
As an ECN broker, Tradeview Markets provides competitive spreads. Those offered on an interest-free account averaged 0.9 pips on EUR / USD. The average spreads on an ECN account are 0.2 pips on EUR / USD, however there is a $ 2.50 fee, so the trading costs on this account are around 0.7 pips.
In comparison, some brokers offer variable spreads of 1.2 pips on average on EUR / USD on a commission-free account and spreads from 0.5 pips on a commission-free account ($ 3.86 per lot).
Leverage
This broker offers up to 1: 400 leverage, which is the average. Most offshore brokers provide similar maximum leverage levels.
Trading platforms
Tradeview Markets offers its clients a choice of three trading platforms: MetaTrader 4 (MT4), cTrader and Currenex.
Designed for advanced traders, Currenex focuses on buying and selling over ECN and offers different order types and execution algorithms, as well as advanced reporting tools. This platform is Java based, so no installation is required.
Earlier in 2016, Tradeview Markets added cTrader to its line of platforms. Developed by Spotware, cTrader is a true ECN platform. It provides traders with access to a deep pool of liquidity providers, as well as a wide range of modern tools such as a range of timeframe charts, 30 technical indicators, trend lines, Fibonacci levels, support and resistance lines, channels, market depth, etc.
Like most brokers, Tradeview Markets also supports MT4, the expert trader's choice, as the platform offers a range of technical indicators, an extensive testing environment, an expanded set of charts and a wide range of Expert Advisors (EA) allowing clients to fully automate their trades.
In addition, this broker provides MAM account options. A simple, fast, efficient and reliable addition to the MetaTrader 4 system. Multi Account Manager allows users to manage multiple accounts from one account.
Promotions
This broker is currently offering its traders a 100% deposit bonus up to $ 500. What's more, customers can open an Innovated Liquidity Connector account for as little as $ 1,000 instead of $ 25,000.
Support service
The company has its offices in the Cayman Islands, USA, Colombia, Peru, Spain, Great Britain. You can contact the specialists via live chat, by phone or email.
Ways of payment
TradeView Markets offers its clients the following payment methods: bank transfer, credit card, various e-wallets such as Neteller, Skrill and Uphold. In fact, TradeView is the first broker to integrate the services of the financial services company Uphold.
Pros:
low spreads; variety of trading platforms; promotions.
Minuses:
registered in an offshore zone.
TRADEVIEWMARKETS is a company whose task is to provide intermediary services to traders. Brokers / Crypto exchanges provide access to currency / cryptocurrency trading, first of all. Also, many of them, if we are talking about brokers, give the opportunity to make transactions with company shares, bonds, commodities, precious metals, indices, cryptocurrency and other assets. A private person can make transactions with all these instruments only on a trading platform, access to which is provided by a broker or a crypto exchange.
In addition, thanks to such companies, an individual can operate in the market with amounts significantly exceeding the amount of his own funds. This is called the provision of leverage. For example, having a deposit of 1,000 USD with a leverage of 1:400, a trader can make transactions for 400,000 USD.
As well, the broker / crypto exchange opens access to analytics, auxiliary tools, trading signals. Without all this, modern trading is impossible.
TRADEVIEWMARKETS profits from traders' trades, usually in two main ways
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First – most common. Using spreads. This word refers to the difference between the best prices for buying and selling a certain asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between the broker and market users - another. The mediator takes the difference.
The second method is easier to understand. This is a fee for each operation performed. Most often it has a standard value, but can also be measured as a percentage.
Therefore, the company is interested in attracting as many clients as possible and that they conduct active trading.
How honest brokers / crypto exchanges should work and how they work, we found out. And now let's look at how scammers act, they are also called kitchens.
The most common way to cheat – is to twist quotes. Broker / crypto exchange gives the trader quotes that differ from the real market. There is a substitution of data in order to make operations unprofitable. The deposit is reduced, and then completely reset. At the same time, the trader thinks that his operations were made on the market, but in fact – just on the site of scammers.
Bonus – traps. They are generously distributed for anything: registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money mixed with bonus money, it will be necessary to fulfill a number of actually impossible conditions. For example, to conduct trading operations in the amount of ten times more than the size of the deposit.
The User Agreement may also mask a clause that allows the broker / crypto exchange to dispose of the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.
One of the key points – it is the place of registration and regulation of the company's activities.
First let's talk about registration. As a rule, traders are more trusted by companies either from their own country or from an economically developed country, for example, a member of the European Union. Of course, compliance with UK law is reassuring, and compliance with the laws of an unknown island in the Indian Ocean does not mean anything to most at all.
On fact, most brokerage companies are registered offshore, and we are talking not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are popular offshore zones among companies. Registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has claims against such a company, then it is likely that he will have to deal with it in accordance with the laws of the same conditional Belize. It is possible to be physically present there at court hearings. And this is extremely expensive and difficult.
No is it worth running like fire from just the word «offshore»? As an answer, we will cite the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes with the help of offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point – this is the regulation of the broker / crypto exchange. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokering. So, in Russia it is the Central Bank of the Russian Federation. The trader can find permits on the websites of such authorities. But there are also supranational structures. For example, the International Financial Commission, which is an independent self-regulatory organization, specifies disputes between its members – brokers and their clients.
If there is no information on the broker's website / crypto exchange about the regulation of its activities or license, then it is almost certainly a scammer. Or on the site there is data on some license issued by him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, or crypto exchanges, study its history. Look at the links to its experts. If one of the leading TV channels in the economic news for 5 years in a row refers to the opinion of the analyst of the broker in question – this is good. If the broker / crypto exchange assures that it has been working for 15 years, but there is no information about it on the Internet at all – this is bad.
It is important to pay attention to reviews about the company. And read them not only on the website of the broker itself / crypto exchange. In the kitchen, they will certainly be only praiseworthy. It is better to view as many sites as possible.
Pay attention solely to the specifics in the offers on the websites of brokers / crypto exchanges. Honest companies openly write about interest, spread size, minimum deposit, etc. Scammers lure loud streamlined phrases about a rich tomorrow, a stable income, mislead with incomprehensible terms about multi-sites, superfunctions and so on.
Specify the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers / crypto exchanges sometimes hold social promotions. Scammers will definitely not do this.
Therefore, the process of choosing a broker / crypto exchange is complicated. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich around the world
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Before any trade and choosing a broker You must always read reviews on this site and on other sites. Companies who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the company you chose. TRADEVIEWMARKETS received a score of 1 of 5 on our resource.