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TradeFred Forex Trading Review – Is It a Scam or Trustworthy?

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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: $250



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
  • Fully regulated
  • No U.S. Customers


TradeFred – With A Goal To Provide The Best Services

TradeFred was established in 2016, by a very successful British pioneer called Fred Done. The company set their standards high from the start, and aim to provide the best, as well as the most advanced, services to traders. To achieve this, they have made sure to provide the most intelligent Forex tools and the most advanced trading platforms.

The company’s central values are based on integrity, originality, and innovation. This enables them to provide an excellent investment environment for their traders. To TradeFred, their clients are their most important asset, and, therefore, they always work on providing them with the best.

At TradeFred traders can use several professional platforms. The company take very low spreads, starting from 0.1 pip. There are no hidden fees, and the withdrawals are fast and easy.

BrightFX Cаріtаl Ltd is the company behind the broker. Their headquarters are located in the United Kingdom, and their license comes from Cурruѕ Securities аnd Exсhаngе Cоmmіѕѕіоn (CySEC). In 2018 they received an award for “Best Newcomer”.

TradeFred’s Unique Features – Qualified Staff And Superior Features

Their outstanding trading tools are undoubtedly one of the brokers unique features. They provide their traders with a group of trading systems and programs that meet modern trader’s needs. They have even developed their own trading platform, that comes complete with a set of professional features.

Highly qualified and professional staff also characterises TradeFred. They have the necessary knowledge of the ins and outs of the market and can provide a professional service to all traders.

Education For Traders

As a first-class broker, TradeFred offers an educational academy, that helps traders to acquire the knowledge they need. The academy contains e-books and instructional videos. From time to time, TradeFred also organises webinars. These are quite popular and help traders to dive more deeply into areas of interest.

Other Services

It is safe to say that TradeFred is known for their safe trading environment and excellent client service. All transactions are executed quickly and without rejection. They also maintain tight spreads at times when the movements in the market are low.

The broker provides many additional services, such as social trading and automated trading. In addition, they also have a range of special offers to their customers. The company’s website is designed with a creative flair, and here the traders will easily find all the information they need in the shortest possible time.

Trusted And Regulated With Several Licenses

Integrity and transparency are among the broker’s most important values. They have, therefore, obtained a few licenses that allow them to operate in compliance with current laws and regulations. The broker is subject to control and supervision by several international organisations, including:

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

Reliability and Safety

This broker considers customer service to be one of its top priorities. They have, therefore, committed themselves to strict security standards to protect client’s funds. They separate the clients’ funds from the company’s and keep the former in bank accounts with first-class banks. This prevents the broker from using their client’s money. No matter what. The broker also uses advanced technology on their website to keep their customers’ personal information safe and secure.

The broker also provides its customers with protection from the negative balance that may occur when the market is very volatile. They have agreements with some of the best insurance companies in the world to protect clients’ funds if the broker is exposed to risks.

Withdrawals and Deposits – Fast And Secure

TradeFred offer their clients a group of varied withdrawal and deposit options to suit their needs and desires. These options include bank transfers and credit cards, as well as several leading electronic banks. The processing time for all methods is a single business day.

The broker doesn’t accept small deposits, and the minimum deposit is $250. On the other hand, they don’t charge any fees for withdrawals and deposits. TradeFred also follows the universal rule of the industry, and, therefore, their customers must withdraw their money the same way that they deposit it.

Offers More Than 140 Financial Instruments To Trade

TradeFred allows their clients to trade more than 140 different financial instruments, divided into six groups. Forex is the most important of these. TradeFred allows traders to trade around 50 major and minor currency pairs. The low spreads are starting at 0.1 pip, and the broker gives leverage up to 1:200.

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 has responded to the requests from several traders. As a result, it is now possible to trade with Bitcoin through their platforms. Trading at TradeFred is possible during all weekdays.

Apart from demo accounts, the broker offers its clients six different types of accounts. These accounts differ concerning the minimum deposit, permitted leverage, and spread.

Excellent Customer Support All Day 5 Days A Week

TradeFred considers their clients the real reason behind their success; thus the broker takes care of their traders by also providing excellent customer service. Their staff is trained to deliver the best service possible, and traders can get in contact with customer service all day five days a week. So far, this service is available in three different languages; English, Russian, and Arabic.

Account Management

They also offer account management services in several languages, ​​to meet the needs of traders from all over the world. TradeFred also provides a wide range of promotions. Just another way of showing how much the company cares for their customers. On their birthday, traders will, for example, receive a free credit of $25.

A Premium Account for Professional Traders

TradeFred offers a premium account for professional traders, who have a minimum balance of $10,000 on their account. The broker also provides many additional features for these traders, such as following up with a specialist and giving strong recommendations. They also don’t charge any commission.

The broker sponsors several community activities in many different fields, such as education and health. They also help a few humanitarian institutions.

Advanced Trading Software

TradeFred’s trading platforms are designed to be among the best and most advanced. They are mainly based on the leading MT4 platform, which is easy to use. MT4 WebTrader and online trading can also be used without having to download the platform.

They have also 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. Traders can access all this with just a click of a button.

Mobile Trading For The Modern Trader

The broker offers their traders the possibility to trade through smartphones. The platform in use is 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.

Social Trading

Although the broker is quite new, it has been able to offer many other innovative services to their traders.

These services include:

  • Social Trading – Through the TradeFred platform, traders who are just starting out can copy the transactions of the experts. This service enables beginners to develop their expertise and skills, as well as to generate more profits by copying the trades of successful traders.
  • A series of studies and researches – These studies are carried out continuously and are a great addition to the daily reports, which includes technical and fundamental analysis done by experts. All these services are free for the traders to use as often as they please.

Small Things To Improve

TradeFred has many robust features that have given them a good position in the industry. There have, however, been some suggestions for improvement from their clients:

  • Increasing the number of financial instruments allowed to be traded, since 140 are few compared to other brokerage companies. Update: Since writing this they have increased the number of financial instruments to 150 so they are on the right track.
  • Allow trading of other famous cryptocurrencies, such as Ethereum, Ripple, and others, and not only Bitcoin.

TradeFred says that they are happy to hear these suggestions from their customers, and they will do everything possible to provide them.

A Final Look At TradeFred

When everything is taken into consideration, TradeFred turns out to be a great broker for all traders interested in Forex and CFD trading.

You will find a good number of instruments to trade, as well as different platforms to execute them on. TradeFred offers both social trading, as well as trading on the go for the modern and busy trader.

They have plenty of services for all traders, both the new ones and the more experienced, and their social commitment comes as a great plus.

Being fully regulated means that you can feel secure in opening an account with TradeFred.

If you find this broker interesting, you should head off to their website and see how you can get started on your trading adventure.

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