Trade View Review - Is the trading on this trading platform safe? - WikiFX

Trade View Information

Trade View is a trading platform and is regulated by the Financial Services Authority (FSA) of Seychelles, with a license number of SD125. The platform offers two types of accounts, namely the Standard Account and the Trader X Account, to meet different trading needs. The minimum deposit is only $200, and the leverage can be as high as 500:1. It has a rich variety of trading products, covering more than 55 foreign exchange currency pairs, cryptocurrencies, indices, metals, and commodities. It integrates more than 30 trading tools, such as X-Builder, X-Social, X-Charts, etc., which assist in intelligent trading and strategy analysis. It supports various deposit methods, including Visa, PayPal, digital currencies, etc., and the deposit is free of charge.

Pros and Cons

Is Trade View Legit?

Trade View holds a license authorized by the Financial Services Authority (FSA) of Seychelles, with the license number SD125. This institution is responsible for licensing, offshore regulation, and supervision of securities dealers.

What Can I Trade on Trade View?

Trade View provides various instruments, including trading of over 55 currency pairs in the foreign exchange market, as well as trading in cryptocurrencies, indices, and commodities (four types of contracts for difference in metals, energy, livestock, and agricultural products).

Account Type

The platform mainly offers two types of accounts: the Standard Account and the Trader X Account. The Standard Account has no commission, but the spread is relatively high; the Trader X Account has a lower spread, and for some products, it can be as low as 0.0 pips. The minimum trading lot for both accounts is 0.01 lot, and they both support trading of 55 currency symbols, index trading, scalping, day trading, and code-free automated trading.

Trade View Fees

The spread of different trading products on Trade View varies depending on different account types. For example, for EURUSD, the minimum spread is 0.0 pips and the average spread is 0.2 pips in the Trader X account, while in the standard account, the minimum spread is 1.0 pips and the average spread is 1.2 pips. The Trader X account charges a commission of $3.5 for every $100,000 traded.

Leverage

Trade View offers traders a leverage of up to 1:500. High leverage can amplify trading profits, but at the same time, it also increases trading risks, which may lead to losses exceeding the initial investment.

Trading Platform

The trading platform of Trade View integrates more than 30 built-in trading tools. X-Charts is a fully customizable charting software that allows users to open an unlimited number of charts simultaneously, and it provides professional indicators and automatic reminder functions. X-Manager enables the management of automated trading strategies in the cloud, replacing traditional Virtual Private Servers (VPSs). X-Chat is designed for traders to communicate and learn, and it includes daily analyses by senior traders and other features.

Deposit and Withdrawal

The minimum deposit for Trade View is $200. It supports a variety of deposit methods, including Visa, Mastercard, Skrill, Neteller, PayPal, Bitcoin, Tether, Ethereum, and bank wire transfer etc., and the deposit is free of charge. International bank transfers may incur international bank handling fees, and the platform is not responsible for such fees.

The deadline for withdrawal applications is 12:00 Australian Eastern Standard Time/Australian Eastern Daylight Time. Applications submitted before this time will be processed on the same day, and those submitted after will be processed on the next working day. The time for the funds to reach the account varies depending on the receiving institution, and it may take 1 to 14 days. Active traders may be charged zero handling fees, while inactive traders may be charged inactivity and withdrawal fees.

Copy Trading

The X-Social function of the platform supports copy trading. Traders can discover automated trading strategies and follow them in real time, which is suitable for investors who lack trading experience or time.