TradedWell-Overview of Minimum Deposit, Leverage, Spreads

General Information

TradedWell is allegedly a broker based in Cyprus that provides its clients with some trading platforms (MT4, Webtrader) , leverage up to 1:400, variable spreads on over 170 tradable assets, as well as a choice of three different account types.

Market Instruments

TradedWell advertises that it offers 170+ CFDs on trading instruments in financial markets, which include 40+ forex pairs, 30+ cryptocurrencies, 70+ stocks, 15+ commodities and more. Cryptocurrencies includes Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Account Types

Apart from demo account and professional accounts, there are three basic account types offered by TradedWell, namely Silver, Gold and Platinum. Unluckily, we didnt find any useful information about the minimum initial capital amount for different account types on the Internet.

Leverage

The maximum leverage ratio provided by TradedWell is 1:30 for retail clients, while for professional traders, it is much higher, up to 1:400. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads

According to the information displayed on the Internet, the spread for the major currency pair-EUR/USD seems to be fixed at 3.2 pips.

Trading Platform Available

When it comes to trading platforms available,TradedWell gives traders three choices: MetaTrader4, Webtrader and Mobile apps available both on Android and iOS devices. MT4 is known as one of the most successful, efficient, and competent forex trading software. providing advanced features like Expert advisors, many complex indicators, excellent charting tools and more. While with Mobile apps, trading can be done from anywhere and at any time through right mobile terminals.

Deposit & Withdrawal

From the logos showed at the bottom of home page on TradedWell‘s official website, we found that this broker seems to accept deposit and withdrawal via VISA, V Pay, MasterCard, Maestro, Neteller and Skrill. The minimum deposit amount says to be €215, while there is no minimum withdrawal requirement, but clients will have to pay additional taxes if they take less than €100 at a time. Note that TradedWell also charges clients who haven’t traded at all or have placed a single trade but wish to make a withdrawal, a fee of €50.

Fees

Also, TradedWell charges an inactivity fee. The account with 60 inactivity days becomes dormant and will be subject to dormant account fees, ranging from €160 to €500.

Customer Support

TradedWells customer support can be reached through telephone: +43800232902, email: support@tradedwell.com. Besides, you can also follow this broker on some social media platforms like Facebook and Twitter. Company address: Isiodou, Andrea Laskaratou & Emanouel Roides Street 10-12, 2nd Floor, Ayia Zoni, 3031 Limassol, Cyprus.