TradeFred

*THIS COMPANY IS NO LONGER TRADING.*

TradeFred is a brand name of BrightFX Capital Limited. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and
whether you can afford to take the high risk of losing your money.

TRADE NOW - Minimum Trade Deposit £500

TradeFred was a licensed Forex broker who is owned and operated by BrightFX Capital Limited. It allows customers to trade Forex and Contracts for Difference (CFDs), and currently offers a choice of over one hundred popular assets.

As a member of the Betfred Group, the forex broker has an excellent reputation and prides itself on offering first-class customer support, low spreads, secure deposits and withdrawals, and world-leading trading software. Although the site only launched in mid-2017, it’s already won the title of Best Newcomer 2018 at the ADVFN International Financial Awards.

Regulations

The site is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 342/17 and is, therefore, MiFID compliant.

Reliability

As Cyprus authorities regulate the site, it can legally operate in any EU or EEA member country.

The company also holds client assets in segregated accounts, and only uses its own funds to hedge customer transactions. Risk management procedures include automated transaction monitoring and negative balance protection to ensure that customers’ balances never fall below the level of their original deposits.

As a member of the Investor Compensation Fund, TradeFred’s clients are protected in the case that the operator becomes insolvent through a compensation scheme which offers up to €20,000 per person.

The website uses high-level encryption on all communications and transactions and carries out regular audits.

Trading Platforms

The website uses MetaQuotes’ award-winning MetaTrader 4 platform, which gives users access to trend charts, analytic tools, and the latest market updates while also allowing ultra-fast execution. There are two desktop trading platforms. WebTrader is a browser-based platform that’s available for PC and MAC and is compatible with Safari, Firefox, and Google Chrome among other web browsers. Desktop Trader is a downloadable trading platform.

Mobile Platform
Mobile Trader allows you to invest on-the-go using your smartphone or tablet and is available as a mobile app for Android, iPhone, and iPad devices.

User Interface
Open positions, pending orders, and closed positions are shown underneath the three tabs at the bottom of the screen while a social stream is displayed on the right-hand side. The idea of the social stream is to allow users to copy successful traders.

You can display customised charts using a range of time frames, and save your chart templates for future use. Fifty indicators are included as standard, but you can install more if you wish, as well as create your own.

Account Types

There are several types of accounts that you can create, depending on your investment style and experience level.

• The Demo Account gives you unlimited free access to $10,000 of virtual funds to allow you to experience trading with no risk to your capital. You also get access to a wide range of educational materials free-of-charge;
• A Basic Account can be opened with a deposit of £100 or more;
• A Standard Account requires a minimum deposit of £500, and as well as offering you access to educational materials like a Basic Account, it also provides you with free trading signals and narrower spreads;
• You can open a VIP Account with a deposit of £5,000 or higher, and on top of all the features that are offered by a Standard Account, you get access to a personal account manager;
• Islamic accounts are compliant with Sharia Law, and carry out investments according to known costs rather than through speculation.

Cryptocurrencies Trading

Tradable assets include Forex, Stocks, Indices, Metals, Agriculture, Energies, and CFDs. But, you can also trade the dynamic cryptocurrency, Bitcoin.

Bitcoin CFDs form part of the website’s range of assets, and as you’re trading CFDs rather than Bitcoin itself, you have the potential to make a profit whether the digital currency’s price rises or falls. As Bitcoin CFDs expire on a weekly basis, you’re shielded from the most volatile price movements.

Commissions and Spreads

Currently, TradeFred does not charge commission or brokerage fees.

All accounts are available with fixed or variable spreads.

Deposits and Withdrawals Options

Making deposits and withdrawals is easy, and you can choose from the following payment options:

• Visa
• Visa Electron
• Maestro
• MasterCard
• Bank Transfer
• Transfer Rapid
• Skrill
• Neteller

The company aims to process withdrawal requests within one business day, and no fees are attached to either deposits or withdrawals unless your bank or credit card issuer attaches fees to your transactions which are outside of their control.

TRADE NOW - Minimum Trade Deposit £500

TradeFred is a brand name of BrightFX Capital Limited. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and
whether you can afford to take the high risk of losing your money.

Customer Support

The customer service team works 24 hours-a-day from Monday to Friday and can be contacted via email, telephone, live chat, post, and online contact form.

Support Telephone: +44-1616960921
Support Email: [email protected]
Social Media Profiles: Facebook, Twitter

Q&A

• Is the site regulated?
Yes. TradeFred is regulated and licensed by CySEC (the Cyprus Security and Exchange Commission), which means that it must adhere to rigorous standards of corporate governance and is subject to strict guidelines on client safety.
• How safe is TradeFred?
TradeFred is a licensed Forex and CFD broker and is finances are regularly audited to ensure that its operations fully comply with stringent security standards. It’s also a member of the ICF (Investor Compensation Fund) and offers its customers negative balance protection.
• How to deposit
You can deposit funds into your account using a credit card, debit card, bank transfer, Neteller or Skrill.
• How to withdraw
The withdrawal methods are the same as the deposit methods. The average processing time for withdrawal requests is one business day.
• How to open an account
To open an account, click the Sign-Up button. Next, select Demo or Real Account and your preferred language, then complete the online registration form on the website or mobile app.
• Is TradeFred reliable?
Yes. TradeFred is regulated by CySEC and is owned by the Betfred Group.
• Does TradeFred use MetaTrader?
Yes. MetaTrader 4 is used to power both the desktop and mobile platforms.
• What is TradeFred’s leverage?
The maximum possible leverage is 1:50.