Tradeview Markets review
About the company:
Founded back in 2004, Tradeview Markets (formerly Tradeview Forex) is a brokerage offering more than 40 financial instruments for three trading platforms. The brand is owned by Tradeview Ltd., which is headquartered in the Cayman Islands and licensed by the Cayman Islands Monetary Authority (CIMA).
About company. Funds security
Offshore locations are known for their light-touch regulation. They are attractive to start-ups as it is relatively easy and cost-effective to launch a brokerage business there.
Exemption from all local taxes and stamp duties, non-disclosure and minimum capital requirements are among the advantages of forex companies in the Cayman Islands.
Regulation of the CIMA cannot be compared to the supervision by US or UK financial regulators. Still, forex brokers licensed in the Cayman Islands are required to hold at least $100,000 worth of net tangible assets as well as to adhere to a certain reporting schedule and regularly submit financial statements by an independent auditor.
If you want to invest a large amount of money, we recommend that you choose a broker belonging to another jurisdiction. Check out other forex brokers in our ranking.
Clients of Tradeview Markets are offered a choice between two account types: commission-free X Leverage account with higher leverage and ECN Innovated Liquidity Connector account, providing tighter spreads and involving commission.
Both account types offer trading micro lots.
Minimum initial deposit
To open an account with Tradeview Markets, you need to deposit at least $100. This is a reasonable minimum initial deposit requirement. But we cannot but mention brokers that require at least $1 to start trading.
Spreads and commissions
Being an ECN broker, Tradeview Markets has competitive spreads for commission-free accounts, which average 0.9 pips on EUR/USD. Average spreads for an ECN account are 0.2 pips on EUR/USD, but it charges commission of $2.50, so trading costs for this account type total about 0.7 pips.
For comparison, some brokers offer variable spreads which average 1.2 pips on EUR/USD for commission-free accounts and spreads starting from 0.5 pips for accounts with commission ($3.86 per lot).
The broker offers leverage up to 1:400, which is an average ratio in the market. Most offshore brokers provide similar maximum leverage levels.
Clients of Tradeview Markets can choose between three trading platforms: MetaTrader 4 (MT4), cTrader and Currenex.
Currenex is a trading platform for experienced traders. It focuses on buying and selling via ECN and features a variety of order types and execution algorithms as well as advanced reporting tools. The platform is Java technology-based, requiring no installation.
In 2016, Tradeview Markets included cTrader in its line of platforms. Developed by Spotware, cTrader is a true ECN platform. It provides traders with a deep pool of liquidity providers, as well as an assortment of cutting-edge tools, such as timeframe charts, 30 technical indicators, trend lines, Fibonacci levels, support and resistance lines, channels, market depth, etc.
Like most brokers, it also supports MT4, which is popular among experienced traders for its various technical indicators, extensive testing environment, an extended set of charts and a wide range of experts advisors (EAs), allowing clients to fully automate their trades.
In addition, the broker provides the MAM account options. A simple, fast, effective and reliable MetaTrader4 plugin, Multi Account Manager is designed to simultaneously manage multiple trading accounts.
At the moment, the broker offers a 100% bonus for deposits of up to $500. What is more, clients can open Innovated Liquidity Connector account for just $1,000, instead of $25,000.
The company has its offices in the Cayman Islands, the US, Colombia, Peru, Spain, and the United Kingdom. You can contact the support team via live chat, by phone or email.
Payment methods offered by TradeView Markets include wire transfer, credit cards, e-wallets, such as Neteller, Skrill and Uphold. In fact, TradeView is the first broker to integrate the services of Uphold financial company.
Tradeview Markets 1/10 (votes 2183)