Tradeview Review 2024
Website: www.tradeview.eu
Min. Deposit: US$ 1000
Leverage: 1:30 to 1:400
Trading Platforms: MT4, MT5
Regulation: MFSA, CIMA, FSC, FSA
Headquarters: Malta
Founded: 2004
Regulatory Licenses:
- Tradeview Europe Ltd. - authorized by MFSA (Malta) registration no. IS/93990
- Tradeview Ltd. - authorized by CIMA (Cayman) registration no. 585163
- iLC Brokers Ltd - authorized by FSC (Mauritius) registration no. GB20025800
- TVM Global Ltd. - authorized by FSA (Labuan) registration no. LL15870
Updated on February 5, 2024
Quick Links
In our comprehensive review of Tradeview, we have meticulously analyzed and tested various aspects of the broker's offerings. Our methodology includes a detailed examination of the broker's regulatory framework, trading platforms, financial instruments, fees, customer service, and educational resources. We compared Tradeview against over 1000 brokers to ensure our assessment is as thorough and accurate as possible. Our goal is to provide traders with a clear understanding of what Tradeview has to offer and how it stands out in the competitive forex brokerage industry.
Tradeview is a pioneering multi-asset broker dedicated to offering Direct Market Access (DMA) with competitive pricing, tight spreads, and superior trading conditions across a wide spectrum of products – from forex and CFDs to real stocks, futures, and options. Located in the Cayman Islands and boasting international regulations that cater to over 100,000 clients globally, Tradeview presents a trustworthy avenue for accessing international market opportunities. Celebrating more than 15 years in the online finance sector, Tradeview is at the forefront, providing innovative trading platforms designed with the latest technology. They excel in delivering secure accounts, multi-jurisdictional support, and among the most competitive spreads available in the market.
Pros
Tradeview is a digitally advanced brokerage offering an impressive array of tools and instruments.
Their MFSA license guarantees security while providing access to CFDs and real stock exchanges.
The research and educational materials available are topnotch.
Customer support is swift and effective.
Cons
Absence of 24/7 customer service.
Trading conditions may vary based on regulatory environment.
International trading involves offshore entities.
Tradeview Review Summary in 10 Points ▲
Headquarters: Malta
Regulation and License: MFSA, CIMA, FSC, FSA
Platforms: MT4, MT5
Instruments: CFDs on shares, commodities, forex, indices, Cryptocurrencies
Costs: 0.5 pips
Demo Account: Available
Minimum Deposit: $1000
Base Currencies: Multiple Currencies Offered
Education: Social trading, Trading academy
Customer Support: 24/5
Tradeview stands as one of the foremost brokers globally, delivering exceptional service and trading conditions to traders of all expertise levels. They are renowned for some of the lowest spreads in the industry, making them a prime choice for both beginner and seasoned investors. The Overall Tradeview Ranking is 8.9 out of 5 based on our testing and comparison to over 1000 brokers.
Tradeview is a legitimate and secure online broker, endorsed by the European MFSA and regulated in Malta, adhering to the highest industry standards for safe trading. It provides highly competitive conditions for traders across the globe, ensuring a secure trading environment.
Tradeview Europe Ltd. is regulated by the Malta Financial Services Authority (MFSA), holding a Category 2 Investment Service Company license (IS/93990). The MFSA is an autonomous public institution, reporting annually to Parliament, and is a member of notable financial authorities like the EBA, ESMA, and IOSCO. It's also a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is licensed to offer financial services across multiple asset classes and is passported in the EU/EEA under MiFID II. Although some operations are conducted in offshore zones like the Cayman Islands, Labuan, and Mauritius, we recommend thorough examination of trading conditions pertinent to your region before making any investment decisions.
Tradeview platforms equip traders with comprehensive protection against the risk of negative account balances through their cutting-edge margin watch features. This ensures positions are promptly closed if an account is at risk of going negative, maximising security for all trades.
The range of Tradeview trading platforms offers a trading environment through industry-standard MetaTrader Platform Suite as well as cTrader and Currenex, catering to many manual or automated traders globally. The Tradeview Platforms are ranked Excellent, with an overall rating of 8.9 out of 5, showcasing a great offering including the leading MetaTrader Suite and the sophisticated cTrader platform suited for technical analysis.
The platforms provided include both the veteran MetaTrader4 and its newer counterpart MetaTrader5, which are not just standard offerings but are enhanced by the broker's edition with optimized systems. Designed for compatibility with Windows, Mac, Web, iOS, and Android devices, these platforms offer a wealth of features for traders, including various execution technologies, unlimited charting quantity, numerous technical indicators and line studies, custom indicators, scripts, and more. MetaTrader 5 additionally provides the capability to trade equities on all major US exchanges like Netflix, Apple, Amazon, and Facebook, among many others. With a user-friendly interface, trading robots, and copy trading, MetaTrader 5 enables traders to succeed in the markets, supported by multiple servers designed for different functions that ensure fast executions and low latency.
Tradeview offers a variety of account types tailored to accommodate the diverse needs of traders. With options ranging from ECN accounts providing top-tier liquidity access through the Innovative Liquidity Connector to X Leverage accounts designed for commission-free trading, Tradeview caters to a wide spectrum of trading preferences. An initial deposit requirement varies, starting at $100 for X Leverage accounts to $1,000 for ECN trading through the Innovative Liquidity Connector. Additionally, Tradeview extends the opportunity to experience trading conditions firsthand with a Free Demo Account, available for both trading platforms.
Tradeview's account offerings are specifically designed to suit different trading strategies, featuring highly flexible trading conditions. The Innovative Liquidity Connector account gives traders direct access to the best bids and offers from numerous liquidity providers, enabling ECN trading with zero markups and the industry's lowest spreads. For those seeking commission-free trading, the X Leverage accounts require a minimal deposit of $100. Tradeview also provides a Free Demo Account to simulate trading conditions and assist traders in making informed decisions.
Tradeview's fee structure is designed to be competitive, with costs either incorporated into spreads or based on commissions. ECN trading through the Innovative Liquidity Connector features almost zero pip spreads with no markups and a low commission rate of $2.50 per standard lot. The broker is recognized for its overall low trading costs, including funding fees and tight spreads. However, traders should be aware of rollover fees for positions carried over at the end of the trading day. Tradeview's fees have been assessed with a rating of 4.3 out of 5, after comparing them against over 1,000 other brokers.
Tradeview provides leverage as a tool to amplify potential gains, a common feature among forex brokers. However, it's crucial for traders to use leverage wisely due to the increased risk of losses. Leverage ratios offered by Tradeview vary by trading instrument and are influenced by regulatory restrictions and the trader's expertise. For European retail clients and those trading with Malta Tradeview entities, leverage is capped at 1:30 for major currencies, 1:20 for minors, and 1:10 for commodities, in compliance with ESMA regulations. Meanwhile, higher leverage of up to 1:400 is available through Tradeview's global offshore branches. The use of leverage requires a thorough understanding of the risks involved, underscoring the importance of cautious and informed trading decisions.
Tradeview offers a wide range of trading instruments through Forex and CFD models, including Indices, Metals, Cryptocurrencies (Bitcoin, Litecoin, and Ethereum), Energies, Stocks, and Futures. This assortment allows for versatile trading strategies without the need for actual asset ownership. Tradeview is also noted for providing access to real stock, futures, and options exchanges, offering exposure to major stock exchange markets. Currency pairs such as EUR/USD, USD/JPY, and USD/CAD can be traded 24/7, benefiting from the lowest industry spreads via the Innovative Liquidity Connector.
Depending on the account type and trading entity, Tradeview's spreads can vary. Nonetheless, they are generally very competitive, with EUR/USD spreads starting from as low as 0 pip. Based on our comprehensive comparison with other brokers, Tradeview's spreads have earned a rating of 4.2 out of 5. This rating reflects the broker's ability to offer forex spreads significantly lower than the industry standard of 1.2 pips, along with favorable conditions across other trading instruments.
Deposit and Withdrawal Methods
Tradeview offers a comprehensive range of deposit and withdrawal methods to meet the needs of virtually every client, ensuring global coverage. The available methods encompass Mastercard/Visa Credit/Debit cards, Bank wire, Uphold, Bitpay, PayU, Sticpay, Fasapay, TransferMate, Advcash, PayTrust, Interac e-Transfer, Bitwallet, ecoPayz, Neteller, Skrill, and Tronipay. We have assessed Tradeview's funding methods with a score of 3.9 out of 5. This broker is known for minimal to non-existent broker fees, no deposit/withdrawal charges, and the flexibility of depositing in various base currencies. However, a significant drawback is the requirement for a relatively high minimum deposit.
Here are the pros and cons of Tradeview's funding methods discovered:
Pros
No deposit/withdrawal fees
Wide variety of funding methods
Cons
High minimum deposit required
What is the minimum deposit for Tradeview?
Depending on the account type, Tradeview stipulates varying minimum deposit requirements. For the ILC Type 7, deposits are below $1000, while for ILC Type 5, the minimum deposits are equal to or above $1000.
Withdrawals
Withdrawals are facilitated exclusively through the same method used for the initial deposit. Importantly, Tradeview does not impose any fees on withdrawals.
Tradeview's education section is meticulously designed to equip traders with all the essential tools for successful trading. Among its standout offerings are TradeGATEHub – The Global Active Trading Environment, Surf’s Up! for market-moving news analysis, and Tradeview Academy for comprehensive trading education across all skill levels. Additionally, Tradeview offers a demo account for practical skills and knowledge application. With an overall education rating of 4.5 out of 5, Tradeview excels in providing high-quality educational materials, exceptional research, and analysis.
Tradeview excels in customer support, offering multilingual assistance 24/5 through email, international telephone calls, and a live chat feature. The brokerage's experienced staff are well-prepared to provide invaluable support, significantly enhancing the trading experience. Tradeview’s customer support is rated excellent, with a score of 4.5 out of 5, reflecting our experience of receiving some of the fastest and most informative responses in the industry.
Our comprehensive review of Tradeview concludes that it is a trustworthy trading provider that revolutionizes the trading experience. It offers an opportunity to engage in trading with the ECN model and quotes directly from liquidity providers. The broker's diverse account options, with varying minimum deposit requirements, cater to traders of all levels, allowing for convenient trading start-ups in Tradeview. Moreover, the inclusion of real stock exchanges expands access to shares of the world's most renowned companies. Based on our analysis and expert opinions, Tradeview is highly recommended for a wide range of traders, including regular, professional, algorithmic or API traders, and those employing EAs, copy trading, scalping/hedging strategies, or seeking variety in trading platforms and strategies.
