Tradeview Markets Review 2023 - Verified Customer Reviews
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Tradeview Markets Review
Updated October 20, 2022
Risk Warning: CFDs are complex financial instruments that carry a high risk due to leverage trading. The vast majority of retail investor accounts lose money when trading CFDs. You should always consider whether or not you can afford the high risk of completely losing your funds.
KEY TAKEAWAYS
- Great choice of trading platforms
- Excellent social trading website - TradeGateHub
- Low spreads and low commissions
- Ideal for professional PAMM managers
Regulations and Money Protection
5.0
| Entity Name | Licence & Regulation | Client Money Protection | Deposit Compensation Scheme | Negative Balance Protection |
|---|---|---|---|---|
| Tradeview Ltd (KY) | Cayman Island CIMA Licence | ✔️ segregated client money |
❌ | ✔️ |
| Tradeview Europe Ltd | Malta FSA Licence | ✔️ up to €20,000 |
||
| Tradeview Asia Ltd | Labuan, Malaysia FSA Licence | n/a | n/a | n/a |
Entity/Regulation
International regulation: Tradeview Ltd (trading as Tradeview) is the counterparty for all the accounts opened worldwide. Tradeview Ltd is a registered company with address at 5th Floor Anderson Square, 64 Shedden Rd, PO Box 1105, Grand Cayman, KY1-1002 and is regulated by the CIMA (Cayman Island Monetary Authority) with license number 585163.
European regulation: Tradeview Europe Ltd, with address at 114/3 The Strand, Gżira, GZR 1027, Malta, is a financial services company registered and regulated by the Malta Financial Services Authority (MFSA), with licence number C 93990. The MFSA licence allows Tradeview Europe Ltd to offer online financial services in Europe according to the guidelines set out on the MiFID rules.
Malaysia regulation: Tradeview Asia Ltd, with a registered address at Unit B, Lot 49, 1st Floor Block F, Lazenda Warehouse 3 Jalan Ranca-Ranca 87000, Federal Territories of Labuan, Malaysia, is a company licensed to facilitate transactions in foreign exchange under the Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990, regulated by the Labuan FSA, with licence LL15870.
Currently, it’s not possible to open a trading account with this entity – if it becomes available in a near future, we will update or review.
European regulation: Tradeview Europe Ltd, with address at 114/3 The Strand, Gżira, GZR 1027, Malta, is a financial services company registered and regulated by the Malta Financial Services Authority (MFSA), with licence number C 93990. The MFSA licence allows Tradeview Europe Ltd to offer online financial services in Europe according to the guidelines set out on the MiFID rules.
Malaysia regulation: Tradeview Asia Ltd, with a registered address at Unit B, Lot 49, 1st Floor Block F, Lazenda Warehouse 3 Jalan Ranca-Ranca 87000, Federal Territories of Labuan, Malaysia, is a company licensed to facilitate transactions in foreign exchange under the Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990, regulated by the Labuan FSA, with licence LL15870.
Currently, it’s not possible to open a trading account with this entity – if it becomes available in a near future, we will update or review.
Client Money Protection
Tradeview client funds are held in client segregated accounts. Tradeview ensures that retail client funds are always kept separate from the firm’s capital, protected by leading banks, such as the Santander Bank. Tradeview holds the client’s money separately to company funds and does not use these funds for any operational expenses or purposes.
Deposit Compensation Scheme
Tradeview Europe Ltd is a member of the Investor Compensation Scheme (ICF), a compensation fund of last resort for clients of firms licensed by the Malta FSA.
The Scheme is based on the EU Directive 97/9 on investor-compensation schemes. In the unlikely event that Tradeview Europe Ltd is unable to meet its obligations, or becomes insolvent, retail clients might be entitled to compensation up to the value of €20,000 per claim.
The Tradeview Ltd entity does not offer any deposit compensation scheme. This means there's no active mechanism with Tradeview's to secure or mediate customers claims arising from the broker's failure to meet its financial obligations with clients.
The Scheme is based on the EU Directive 97/9 on investor-compensation schemes. In the unlikely event that Tradeview Europe Ltd is unable to meet its obligations, or becomes insolvent, retail clients might be entitled to compensation up to the value of €20,000 per claim.
The Tradeview Ltd entity does not offer any deposit compensation scheme. This means there's no active mechanism with Tradeview's to secure or mediate customers claims arising from the broker's failure to meet its financial obligations with clients.
Negative Balance Protection
For accounts opened with Tradeview Ltd, there is a default Negative Balance Protection mechanism in place, for the sake of no negative balance. Tradeview provides an automated risk management system that ensures customer's account balances will never go negative. This measure is in place to protect Tradeview's customers from the risk that trading and leveraging exposes them to, particularly in volatile markets.
Accounts, Instruments and Platforms
| Accounts | Instruments | Platforms | Social trading | Maximum Leverage |
|---|---|---|---|---|
| ✔️ILC - Innovative Liquidity Connector® ✔️X Leverage ✔️Tradeview Stocks ✔️PAMM ✔️Islamic Accounts |
✔️Forex ✔️Indices ✔️Stocks ❌Futures ❌Bonds ✔️Commodities ✔️Cryptos |
✔️MT 4 ✔️MT 5 ✔️cTrader |
✔️Myfxbook ❌ZuluTrade ✔️Tradeview Copier ✔️Trade Gate Hub |
ILC up to 200:1 X Leverage up to 400:1 |
Account types and currencies
- Tradeview has three different types of trading accounts available; the Innovative Liquidity Connector®, the X Leverage and Tradeview Stocks. Tradeview also offers swap-free accounts for traders of Islamic belief.
- Tradeview allows for social trading, including copy trading, through Myfxbook, Tradeview Copier - the broker's own App - and their social trading website Trade Gate Hub.
- Tradeview has MAM/PAMM accounts alternatives for money managers.
- Tradeview maximum leverage is up to 200:1 with the Inovative Liquidity Connector® account and up to 400:1 with the X Leverage account. For accounts opened with Tradeview Europe Ltd the maximum leverage is limited to 30:1.
- Currently, Tradeview trading accounts are only available in USD, EUR, GBP, JPY.
Financial instruments
Trading with Tradeview can be done via the MetaTrader 4, Metatrader 5 and cTrader. All the platforms are available for web trading, PC and MAC and for mobile trading with Android and iOS versions. Tradeview is very limited on the choice of assets available for trading; up to 100 instruments, including Forex, indices, stocks, commodities and cryptocurrencies.
- FX market - 60 currency pairs (including Minor and Exotic crosses).
- Indices - 9 world indices including including Dow Jones, Nasdaq and NIKKEI 225.
- Stocks - 100 stocks CFDs from worldwide top companies and banks, such as Apple Inc, Amazon, Bank of America and Boeing.
- Commodities - 6 commodities CFDs available for trading; 3 metals (Gold and Silver included) and 3 energies with UK Oil, US Oil and Nat Gas.
- Cryptocurrencies - 5 CFDs crosses for trading, including BTC/USD, LTC/USD and ETH/USD.
Pricing
5.0
| Pricing/ Account |
X Leverage | Innovative Liquidity Connector® |
|---|---|---|
| Spread EUR/USD | from 1.0 pip | from 0.0 pip |
| Commissions (1 lot) | ❌ | from 5 USD |
| Minimum Deposit | from $100 | from $1,000 |
Spreads
Tradeview offers in total 2 different trading account types (plus a separete account solely for stocks - Tradeview Stocks). A special note here, for traders opening an account with Tradeview Ltd, the maximum leverage can be set up to 200:1 with the Innovative Liquidity Connector® account but for the X Leverage account the maximum leverage is set at 400:1.
For the Tradeview Stocks account, the maximum leverage is 3:1. The minimum deposit for the Innovative Liquidity Connector® is 1,000 USD. For the the X Leverage account the minimum deposit is 100 USD.
With the X Leverage account, the spread for the EUR/USD starts at 1.0 pip, with a typical spread of 1.4 pip with the commissions already built into the spread. For the Innovative Liquidity Connector® account, with lower spreads, there’s a price to pay, a commission. The starting spread for the EUR/USD pair is 0.0 pip, with a typical spread of 0.4 pip.
The standard lot commission for 1 lot (100,000 units) with the Innovative Liquidity Connector® account is 5 USD (2.5 USD per side, per lot). We consider this commission to be lower when compared with other brokers.
For the Tradeview Stocks account, the maximum leverage is 3:1. The minimum deposit for the Innovative Liquidity Connector® is 1,000 USD. For the the X Leverage account the minimum deposit is 100 USD.
With the X Leverage account, the spread for the EUR/USD starts at 1.0 pip, with a typical spread of 1.4 pip with the commissions already built into the spread. For the Innovative Liquidity Connector® account, with lower spreads, there’s a price to pay, a commission. The starting spread for the EUR/USD pair is 0.0 pip, with a typical spread of 0.4 pip.
The standard lot commission for 1 lot (100,000 units) with the Innovative Liquidity Connector® account is 5 USD (2.5 USD per side, per lot). We consider this commission to be lower when compared with other brokers.
Rollover Rates
Tradeview swap rates, as of 17-11-2021, for 1 lot EUR/USD (100,000 units) stands at an average rate of -4.56 for holding overnight a long 1 lot contract and at -0.20 for holding overnight a short 1 lot contract, per day. We consider these swap rates to be average when compared with the rollover rates offered by other top Forex brokers.
Deposits/Withdrawals and Other Fees
- Deposit fees - Trading accounts can be opened in 4 different currencies and maintained via 17 different funding methods, including cards, bank wires and e-payments such as Fasapay, Skrill and Neteller. Bitcoin funding is also available. Deposits reflect on the trading account almost instantly. Tradeview does not charge any fees for deposits.
- Withdrawals fees - Same policy applies for withdrawals. Tradeview does not charge clients any fees for withdrawals. However, there's a 35 USD bank wire fee and a 1% to 1.5% withdrawal fee for Skrill and Neteller withdrawals. With Tradeview, funds may only be withdrawn to the same account from which funds were originally deposited. Tradeview Ltd requires a scanned copy of a passport/government issued identification (with photo) to process any withdrawals. Failure to submit a photo ID will result in a delay in withdrawal requests. For more information, please visit the Tradeview deposit and withdrawals dedicated page.
- Inactivity fee - Tradeview charges an inactivity fee. Trading accounts remaining inactive for a period of six (6) months will be charged an inactive account fee of 50 USD. Also to note that Tradeview Ltd failure to charge such fee does not waive or invalid its right to deduct the inactivity fee in the future.
Popularity
3.0
| Forex Education |
Deposit Options |
Deposit/Withdrawals Fees | Non expiring demo account | Customer Support |
|---|---|---|---|---|
| Rhino Report Video Tutorials |
Cards Bank Wire E-payments Cryptocurrencies |
❌/Conditions apply | ✔️ | Multi language 24/7 Support Live Chat |
The popularity of Tradeview is a neutral 3 out of 5. Not one of the most popular brokers with traders, maybe due to the lack of regulation from a tier-1 level Financial Authority to boost it’s credibility and the feeling of funds safety.
Still, Tradeview should be considered a sound option if traders are looking for an alternative broker offering brokerage execution in an ECN and DMA environment. Tradeview is a broker with very low spreads on all Major currency pairs. Also, if traders are considering the cryptocurrencies CFDs, Tradeview offers, for the more popular coins, some of the lowest spreads in the market, making them one of the most competitive brokers we’ve found.
- Trading accounts - The Tradeview Innovative Liquidity Connector® account is a popular choice with traders looking for reduced trading costs and considered the best value based on its competitive spreads and the $5.00 commission per lot traded. Extra points for Tradeview's policy of no fees on deposits or withdrawals.
- Forex education - Tradeview loses a couple of popularity points for the broker's very limited range of Forex education materials. Traders can only find a couple of basic video tutorials related to MetaTrader 4 and the Rhino Report, Tradeview's website with a few market related articles.
| Funding Methods | Bank Wire, China Union Pay, Credit Card, EgoPay, FasaPay, Neteller, Skrill (Moneybookers), Ecopayz, SticPay, AdvCash, Bitwallet, KRW, PayR, TransferMate, Uphold |
|---|---|
| Support Languages | Arabic, Chinese, English, Hindi, Italian, Japanese, Korean, Portuguese, Russian, Spanish |
- Minimum deposit - Opening a trading account with Tradeview is fairly easy and it can all be done via the web form. The minimum deposit requirement with Tradeview for the Innovative Liquidity Connector® is currently 1,000 USD (until September the 30th) and only 100 USD for the X Leverage account (or the equivalent in your account currency).
- Customer support - Tradeview's multi language customer support service is available 24 hours, 5 days a week, in 10 languages. The broker can be contacted only via web form or live chat, directly from their website.
Broker Profile
Tradeview was established in 2004 with a vision: To provide unmatched online trading solutions to a broad range of traders and investors around the world. More than just a brokerage, Tradeview gives its clients the latest trading technology, flexibility and personal support with their team of industry professionals.
This means trade support and streamlined administrative procedures to ensure your needs are met with speed and accuracy. At Tradeview Markets accountability is key to ensuring a strong market reputation. A great deal of emphasis is placed on regulatory responsibilities and aim to go beyond client’s expectations. All segregated client accounts are independetly administered by FundAdministration Inc.
Tradeview provides online trading execution and clearing services to institutional and professional traders for a wide variety of products including: stocks, options, futures, Forex and CFDs on major indices and commodities such as gold and crude oil. Tradeview Ltd is a fully registered Securities and Investment Business entity (“SIBL”) with the Cayman Island Monetary Authority (“CIMA”) License # 585163.
Overall, on our Tradeview review, the broker scores a nearly neutral 3.7 out of 5 as this broker fails to attract more customers due to the lack of strong regulations in place with a more credible and global Financial Authority. However, Tradeview is quite popular with traders looking for a competitevly priced broker with low spreads for Forex and cryptocurrency trading. Also a popular choice with traders starting a PAMM account business as the broker offers their own EA for Metatrader (Tradeview_Receptor) allowing a PAMM manager to instantly copy its trades to its clients accounts.
Data supplied in partnership with CashBackForex - Forex Rebates places Tradeview on the top 15 brokers for popularity with traders opening an account in 2020.
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This means trade support and streamlined administrative procedures to ensure your needs are met with speed and accuracy. At Tradeview Markets accountability is key to ensuring a strong market reputation. A great deal of emphasis is placed on regulatory responsibilities and aim to go beyond client’s expectations. All segregated client accounts are independetly administered by FundAdministration Inc.
Tradeview provides online trading execution and clearing services to institutional and professional traders for a wide variety of products including: stocks, options, futures, Forex and CFDs on major indices and commodities such as gold and crude oil. Tradeview Ltd is a fully registered Securities and Investment Business entity (“SIBL”) with the Cayman Island Monetary Authority (“CIMA”) License # 585163.
Overall, on our Tradeview review, the broker scores a nearly neutral 3.7 out of 5 as this broker fails to attract more customers due to the lack of strong regulations in place with a more credible and global Financial Authority. However, Tradeview is quite popular with traders looking for a competitevly priced broker with low spreads for Forex and cryptocurrency trading. Also a popular choice with traders starting a PAMM account business as the broker offers their own EA for Metatrader (Tradeview_Receptor) allowing a PAMM manager to instantly copy its trades to its clients accounts.
Data supplied in partnership with CashBackForex - Forex Rebates places Tradeview on the top 15 brokers for popularity with traders opening an account in 2020.
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Tradeview Markets User reviews
Tradeview Markets Account types user rating
(9)Innovative Liquidity Connector
(8)X Leverage
(5)Stocks