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TradeFred Forex Trading Review

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Basic Info

Company Name: BrightFX Capital Limited
Founded: 2016
Phone: +61-280734453
Regulators: ASIC, VFSC, CySEC
Funding Methods: Credit card, Debit Card, Bank Wire transfer, Neteller, Moneybooker Skrill, Poli
Support Options: Contact Form, Email, Phone
Platforms: MetaTrader 4
Minimum Deposit: $100

Screenshot

Screenshot

Funding Methods

Deposit Options: bank wire transfer, credit card, Debit card, Moneybooker Skrill, Neteller, Poli
Withdrawal Options: bank wire transfer, Credit card, Debit Card, Moneybooker Skrill, Neteller, Poli

Hits and Misses

  • Fast withdrawals
  • Spreads from 0,1 pips
  • Awarded "Best Newcomer 2018
  • No U.S. Customers

TradeFred

TradeFred background

TradeFred is one of the new brokerage firms, it was recently established in 2016, by one of the most successful British pioneers, Fred Done. The company’s strategic goals are to provide the best and most advanced services to pave the way to success for traders. In order to achieve this goal, they are working on providing the most intelligent Forex tools and the most advanced trading platforms.

The broker’s main values are based on three key principles: integrity, originality and innovation. These principles are very important for the broker in order to provide an exceptional investment environment for their clients. TradeFred put clients service as their first priority even before profit since they are, from their point of view, one of the most important reasons for their success and continuity.

Despite being very new to the market, TradeFred have been able to compete strongly and leave a vivid impression through the services they provide. They also provide traders with a number of professional platforms, and take very low spreads, starting from 0.1 pip. In addition to the analysis and profitable trading signals offered to traders on a daily basis.
The broker, headquartered in the United Kingdom, was able to get one of the 2018 best performance awards; Best Newcomer.

TradeFred’s Unique Features

TradeFred is distinguished with the reliable trading tools that they offer to their customers, as well as providing a group of trading systems and programs that meet the modern needs of the financial investment world. They have developed their own trading platform with a set of professional features superior to those in the Forex markets. The broker is also characterised by its highly qualified and professional staff, that is capable of providing professional services to customers.

The broker have an educational academy that offers traders an organised way to know all the information they need to know about financial markets. This academy contains the best e-books and educational videos, as well as webinar sessions, which are held from time to time.
They provide a safe trading environment and excellent client service, and get liquidity from the best providers, enabling transactions to be executed quickly and without rejection. They also maintain tight spreads at times when the market’s movements are low.

The broker provide many additional services such as social trading and automated trading. In addition, they offer a range of special offers to their customers. The company’s website is designed in a creative way where traders can get all the information they need in an easy way, and in the shortest possible time.

Trusted and Regulated

TradeFred’s integrity and transparency are among their most important values. For that purpose, and since the beginning of their work, they have obtained a number of licenses that allow them to operate according to the law. The broker is subject to control and supervision by a number of international financial organisations including:

  • The Vanuatu Financial Services Commission (VFSC), license number 17910.
  • Cyprus Securities and Exchange Commission (CySEC).

Reliability and Safety

TradeFred considers the customer service one of their top priorities, and for this purpose, they commit to strict security standards in order to protect clients funds. They separate between the clients’ and company’s funds, and keep them in first-class banks. This prevents them from using it under any conditions. The broker also use advanced technology on their website to protect the secrecy of their customers’ personal information.

The broker also provide protection to their customers from the negative balance that may occur when the market is very volatile. They have a group of agreements with a number of the best insurance companies to provide protection for clients’ funds if the broker is exposed to risks.

Withdrawals and Deposits – Fast and Secure

TradeFred offer their clients a group of withdrawal and deposit options to suit their needs and desires. These options include bank transfers, credit cards and a number of famous electronic banks. The process of withdrawal and deposit requires one business day for all methods.

They don’t accept small deposits as the minimum deposit is $250. In addition, they do not charge any fees for withdrawals and deposits. For safety factors, the broker impose their customers to withdraw their money in the same way that they deposit it.

More Than 140 Financial Instruments to Trade

TradeFred allows their clients to trade more than 140 different financial instruments divided into 6 groups, the most important of which is Forex. TradeFred allow traders to trade around 50 major and minor currency pairs for very low spreads starting at 0.1 pip and give leverage of up to 1:50.
They also allow a range of shares, indices, commodities, and metals to be traded with tight spread and a leverage of up to 1:50. Recently, the broker have responded to the requests of a number of traders and have allowed Bitcoin trading through their platforms to expand the available investment options. They allow trading during all weekdays except Saturday and Sunday.

Apart from demo accounts, the broker offer their clients 6 different types of accounts to suit their desires and abilities. These accounts differ in terms of the minimum deposit, the permitted leverage and the spread.

Excellent Customer Support

TradeFred consider their clients the real reason for their success, so they consider that customer service is more important than making profits. For this purpose, they continuously train their staff to ensure that they are able to provide the best service. They provide customer service during the day for 5 days a week in three different languages: English, Russian and Arabic.

They also offer account management services in a number of languages ​​to meet the needs of the largest number of customers around the world. TradeFred offer a group of promotions that show how much the company cares for their customers. For example, they offer a free credit, which is a $25 gift to traders on their birthday.

TradeFred offer a premium account for professional traders who have accounts with a minimum balance of $10,000. The broker offer many additional features for these traders such as following up with a specialist and making a number of strong recommendations as well as not taking any commission.

The broker sponsors a number of community activities in many different fields such as education and health, as well as providing assistance to a number of humanitarian institutions.

Trading Software

TradeFred trading platforms are designed to be among the best and most advanced ones. They are mainly based on the famous MT4 platform, which is easy to use and the technical errors are barely found. MT4 webtrader and online trading can also be used without having to download the platform.

They have developed their own platform for online trading. This platform provides the trader with all the necessary professional tools, technical analysis, in addition to providing information about the latest developments in the financial markets. All this is given to traders with just a click of a button.

Mobile Trading

The broker offer their traders the possibility to trade through smartphones, and rely mainly on the MT4 platform, which is available for Android and iOS. This platform is designed to give traders everything they need. They can open and close transactions, set orders and adjust them. All of this is available to traders at any time and from anywhere.

Other Services

Although the broker is new, it has been able to offer many other services that have given it strong features. These services include:

  1. Social Trading: through the TradeFred platform, beginner traders can copy the transactions of experts. This service enables beginners to develop their expertise and skills, as well as to generate more profits by copying the transactions of successful traders.
  2. The broker offers traders a series of studies and researches that are carried out continuously. In addition to the daily reports, which includes technical and fundamental analysis done by experts. All of these services are for free and without any commission.

Things to Improve

As we presented during this review, TradeFred have many strong features that have given them a good position among brokerage firms. But being new, there have been some suggestions from their clients that include:

  1. Increasing the number of financial instruments allowed to be traded since 140 are few compared to other brokerage companies.
  2. Increasing the used leverage to more than 1:50.
  3. Providing the website and customer service in other languages, since only 3 languages ​​are not enough to meet the needs of a large part of the customers.
  4. Allowing the trading of a number of other famous cryptocurrencies other than Bitcoin. Such as Ethereum, Ripple, and others.

TradeFred said that they are very happy to hear these suggestions from their customers and they will do everything possible to provide all that customers’ needs.

Final Thoughts

Many traders, especially in the financial markets, are showing a lot of fear of new companies. Due to the lack of information about them and the nature of their performance. But through our review, we can tell you that this broker have a lot of possibilities that make them good and distinct trading environment.

We recommend you to visit TradeFred’s website or open a demo account with them to see all the services they offer.

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