TradeView

Tradeview Forex is an online Forex/CFD brokerage, launched in 2004. That makes the operation 16 this year. This sort of longevity is impressive in and of itself in this industry. What is more impressive about the broker is the fact that its users still have an overwhelmingly positive opinion about its services to this day.

Maintaining a good reputation for 16 years in this industry is no small feat. Review sites have made it clear though: TradeView Forex has succeeded in this regard.

What do people like about the broker and what do they dislike?

At one of the reputable review sites, the operator enjoys a rating of 4.5 stars out of 5. 61% of those who left feedback have found its services “Excellent”. A further 25% have rated it “Great”.

At another, it has earned 4 stars and a bit out of 5.

What people appreciate most about the broker is:

• Its user-friendliness.
• The TradeView Forex support.
• Narrow spreads.
• There is no Stop-loss hunting.

 What traders do not appreciate is: 

• Slow support. Some have alleged that the operation may be a “one person” setup due to a “lack” of support.
• Withdrawal procedures are lengthy and slow.
• Wide spreads.
• Poor back office experience.

We have gleaned all this from the feedback dropped by TradeView Forex users at various sites. Again, messages of support and appreciation are much more numerous than complaints.

The company behind TradeView Forex is TradeView LTD. It is certainly not a one-man company as some complainers have alleged. Registered in the Cayman Islands, the company operates under the rules and regulations of the Cayman Islands Monetary Authority (CIMA).

The exact address of the brokerage is Grand Cayman, KY1-1002; 103 South Church Street. Harbour Place, 4th floor, Cayman Islands.

TradeView LTD is the possessor of CIMA license #585163. What exactly does CIMA-licensing mean in terms of global coverage/service availability? What we know for certain is that TradeView Forex does not accept traders from the US.

According to the website of the broker, the Cayman Islands are ranked 5th by the FATF (Financial Action Task Force), in terms of compliance.

The jurisdiction acts as the fifth-largest banking center in the world.

Some important numbers that describe the activity of the broker are:

• More than 1,500 Introducing Brokers (affiliates) all over the world.
• 4 trading platforms: MT4, MT5, CTrader and Currenex.
• More than 20,000 real-money trading accounts.
• More than 100 White Label partners.

Platform & Tools

As mentioned, the broker features four trading platforms. All four of them offer superb Demo versions, which traders can use to get a feel for the trading.

- MT4 is the platform most traders know like the back of their hands. In TradeView Forex's take, however, it still has a few surprises up its sleeve. In addition to the superb charting, technical indicators and drawing tools, this version of MT4 also offers several interesting features. One such feature is the TradeView Copier. The Tradeview Drawdown Controller and the Multi-Account Manager are also parts of the package. The platform supports Expert Advisors as well as the My FXBook Autotrader.

- MT5 comes with its fair share of interesting features. The MetaTrader market lets users buy custom technical indicators and expert advisors. Renting is an option as well. Copy-trading and Forex trading signals are available through MT5 too. The Strategy Tester serves as a sandbox for various trading robots and optimization modes.

- TradeView Forex considers itself a leading cTrader platform provider. Those who opt for this platform will enjoy STP (Straight Through Processing) execution and superior spreads. On this platform, spreads start from 0 pips. TradeView's cTrader version is available in 14 different languages. This version of the platform also connects to the Innovative Liquidity Connector offered by the broker.

- Currenex is an exclusive FX trading platform geared towards professional traders. The platform brings an impressive selection of liquidity providers under one roof. It supports order management and reporting tools. It offers high-speed execution, together with real market prices.

The Innovative Liquidity Connector of the broker uses more than 50 banks for pricing. It also offers traders a pure ECN environment with outstanding trading conditions. The commission within this environment is just $2.50 per lot per side. There are no additional markups.

The Liquidity Connector does not filter positive slippage and it does not feature minimums on volumes.

The broker supports individual accounts, corporate accounts, and joint accounts.

In addition to the mentioned services, the broker also offers a range of institutional services and Forex resources. A pivot calculator and an economic calendar are also parts of the trading tools package of the broker.

Asset Classes

TradeView Forex's tradable asset selection is fairly standard. The broker supports a handful of currencies, mostly majors such as EUR/USD, GBP/USD, etc. The selection includes a total of 11 currency pairs.

As far as cryptocurrencies go, the broker supports five crypto/fiat pairs. Of these, the BTC/USD pair is the most prominent. Besides the BTC/USD pair, users can also trade BTC/JPY, ETH/USD, LTC/USD, and XRP/USD.

The broker covers six indices. These indices offer exposure to some peculiar corners of the global economy. The GDAXI, NDX, and the AUS200 are some of the supported indices.

The commodities section offers a standard selection of tradable assets. By standard, we mean Gold, Oil, Silver, Natural Gas. There is a Gold/EUR pair featured as well.

Commission & Fees

TradeView Forex boasts some of the best trading conditions in the industry. Its pure ECN offer provides superb pricing and low commissions.

If you trade through the Innovative Liquidity Connector, your spreads will start from 0 pips. On the other hand, you will pay a commission of $2.50 per lot per side.

On an X Leverage Account, there is no commission. Such accounts do feature a spread, however.

This spread varies from one traded asset to another. For the EUR/USD pair, it can be as low as 0 pips. On other currency pairs, it runs the 0.1-0.5 pip range.

On the BTC/USD pair, the spread is 0.61 pips. This is by-and-large the range for the other crypto/USD pairs as well.

On some indices, the spread is as high as 4 pips. On commodities, it varies widely, depending on the nature of the commodity.

Research & Education

As far as trader education goes, the broker provides access to an online publication called the "Rhino Report". The publication seems focused on fundamental analysis. It contains articles dealing with Brexit, as well as other events likely to exert an economic impact.

The Forex education section of the website covers the most important fundamental Forex indicators. There are four sub-sections in this section: Europe, Japan, the UK, and the US.

Customer Service

Some users slam the customer service of the broker. Others praise it. TradeView maintains six physical offices around the world, covering Latin America, the US, Britain, and Asia.

The Contact section of the website contains an email form. Traders can also use a Live Chat feature to get in touch with the TradeView support staff.

The broker maintains a presence on various social media sites.

Mobile Trading

TradeView's MT4 platform is available in two mobile versions. The TVF iPad/iPhone version supports Forex and CFDs. The TVF Android version only supports CFDs.

cTrader is available in mobile versions for Android as well as iOS. These mobile apps offer in-app notifications, superb charting, and symbol information.

Everything thrown into the balance, TradeView Forex is shaping up as a decent online trading destination. It supports just enough tradable assets. It offers a superb selection of trading platforms. And its trading conditions are great.

The real ECN trading through the Innovative Liquidity Connector has to be one of the highlights of the TradeView Forex experience.