Independent rating of Forex broker Tradeview Markets

About company

Tradeview Markets (Tradeview) is a licensed online broker which offers professional and institutional traders direct access to clearing and trading services. Tradeview has gained popularity among traders worldwide thanks to its wide array of trading instruments which include futures, stocks, options, currency pairs, and CFDs on major indices and commodities such as gold and crude oil. Another advantage of Tradeview is the fact that it is based in the Cayman Islands. Such tax haven countries have always been known for their welcoming attitude towards forex brokers.  In particular, they exempt brokers from local taxes, guarantee non-disclosure, and have minimum requirements for the company’s capital. However, there is a drawback as well. Thus, CIMA requires that forex brokers licensed in the Cayman Islands have at least $100,000 worth of net tangible assets and regularly submit financial statements to independent auditors. It is important to consider all pros and cons before investing a large amount of money with Tradeview. It could be a better option to choose a broker belonging to another jurisdiction.

Trading conditions

• two account types, both offering micro lots trading;
• 4 trading platforms;
• more than 20,000 trading accounts opened;
• MAT software free of charge for fund managers;
• spreads from 0 pips;
• dedicated 24/7 account manager for all accounts over 2,500 USD;
• zero commissions for all deposits and withdrawals;
• leverage up to 1:400.

Trading platform

With Tradeview, clients can choose b from four trading platforms: МТ5, MT4, cTrader, and Currenex. The Currenex platform is best suited to experienced traders. It is focused on buying and selling via ECN and features a variety of order types and execution algorithms. Currenex does not require installation as it is based on Java. The cTrader platform allows traders to access a wide range of liquidity providers. Besides, the platform features such advanced trading tools as charts, technical indicators, Fibonacci levels, channels, market depth, and trendlines. MetaTrader4 (MT4) is the most well-known trading platform among brokers all over the world. Traders appreciate its variety of technical indicators, extensive testing environment, and an extended set of expert advisors (EAs), allowing clients to fully automate their trades. MetaTrader5 (МТ5) allows trading from any browser or device. This is a multi-asset platform which offers swift trading, technical analysis, and trading robots. With МТ5, users can copy trades of other participants. MetaTrader5 also features a built-in database of strategy developers and Forex VPS.

Customer support

You can reach the Tradeview support team via live chat or by phone or email indicated on the company’s website.

Payment methods

Payment methods offered by Tradeview include wire transfer, bank cards, and a wide array of e-wallets.

Traders’ reviews

Most of the reviews about the company available online are negative. Traders complain about incorrect representation of charts and indicators. Some users were even blocked in the chat when expressing their opinion which conflicts with the one of the support service members. However, there is positive feedback as well. Some clients note the convenient functionality of the website and an interesting selection of fresh news.

Advantages:

• 24/7 support and effective registration processing;
• low spreads;
• great choice of trading platforms;
• demo account.

Disadvantages:

• customer support responds slowly to complaints or just ignores them;
• difficult and slow withdrawal process;
• faulty operation of МТ4.