Tradeview Review｜Reputation and Safety

Tradeview is a good choice for middle and advanced users with features such as "rich handling stocks", "narrow spreads", "low total cost", and "four platforms of choice."

Anyone who has a certain amount of money can do comfortable ECN trading in Tradeview's excellent trading environment.

In this article, I would like to thoroughly explain Tradeview's confusing trading rules, advantages and disadvantages, and firmly support them so that they can start trading smoothly.

Tradeview's official site is here

Tradeview Safety

CIMA license

Founded in 2004, Tradeview is a global broker based in the Cayman Islands.

Financial licenses are obtained from the Cayman Islands Monetary Authority (CIMA) and are based on the legal system of the United Kingdom.

Because CIMA is also a member of the International Organization of Securities Commissions (IOSCO), it is a financial regulator that sets its credibility apart from offshore such as Belize and Saint Vincent and the Grenadines.

 

Thorough segregated management and $35,000 trust preservation

The client's assets are completely separated from the operating funds and stored in the Santander Bank's account, under audit and control under a trust agreement with the external accounting audit organization "FundAdministration Inc.".

"FundAdministration Inc" is a financial institution that provides financial accounting, consulting, and management for business assets such as hedge funds, brokers and dealers, and funds of funds.

Customer funds will be traded funds after being confirmed based on AML measures by “Fund Administration Inc.”.

In addition, a trust preservation scheme has been adopted, and if the Tradeview fails, the funds are managed by the outsourcing money management agency and guaranteed up to $35,000 per customer.

 

Tradeview Reviews

Evaluation abroad is very high

In the largest FX bulletin board "FPA (Forex Peace Army)", Tradeview is highly rated as
"".

Overseas, there are many positive evaluations on the ability to execute, spread, deposit and withdrawal, and the overall strength can be realized.

 

Features, Pros and Cons of Tradeview

 

Recommendation is an ILC account for short-term trading

There are 2 account types: X leverage account and ILC account, and five account types: X leverage account is standard account, ILC account is MT4 account, MT5 account, cTrader account and Viking account.

Available platforms and transaction types are different for each account.

The leverage is The leverage is up to 400 times for standard accounts, cTrader accounts and Viking accounts, and up to 100 times for MT4 accounts and MT5 accounts.

The minimum trading unit for X leverage accounts is 1,000 currencies (0.01 Lot), starting from $100 first deposit.

The minimum trading unit of an ILC account is 10,000 currencies (0.1 Lot), with an initial deposit of $1,000.

Both accounts require more money than other companies, as there is no deposit bonus.

However, although the person in charge has avoided affirmation, it seems that flexibility other than MT4 and MT5 accounts is somewhat flexible and can be changed up to 500 times depending on the account balance.

In any case, changing the leverage or adding an account is a little more awkward as it requires a separate request via email.

Other trading conditions are very good, and it has many merits directly linked to profits, such as “71 kinds of currency pairs,” “total cost is surprisingly low,” “high swap”, “maximum trading volume and unlimited position”, etc.

 

High execution power with over 50 liquidity providers

The ILC account is highly competitive, with systems based on Innovative Liquidity Connector (ILC) technology that offer the best price of over 50 liquidity providers.

Generally, ECN/STP vendors are called A-books, there is no conflict of interest between customers and vendors, and orders flow directly to Interbank. (The other vendor is B-book)

Even if it says interbank, the liquidity provider (liquidity provider) which forms it differs according to the vendor.

As such, the size and number of liquidity providers with which the vendor is a partner is an important point of being able to trade at favorable rates without refusal to execute.

With ILC accounts, you can also do demo trading on MT4, so you may want to check the tightness of trading and spreads.

 

True NDD contractor without prohibited acts/trading restrictions

Tradeview is officially approved for scalping and arbitrage because there are no prohibited acts/ trading restrictions.

Other companies have intervened NDD directly into their trading form, but in fact there are quite a few DD (tradition) vendors.

As such vendors tend to have strict restrictions on prohibited acts and trade restrictions, it can be said that Tradeview with no particular restrictions is a true NDD (STP, ECN) vendor.

Clearly separating spreads and transaction fees is another sign of transparency.

 

From Tradeview account opening to deposit and withdrawal

Please note the following two points when opening a Tradeview account.

After opening the account, the initial leverage change is set to 100 times, so a separate change of leverage request is required.

In addition, it is possible to own up to 5 accounts per person in Tradeview, but you can not open the second and subsequent accounts without making a deposit to the first account.

This also requires a separate account addition request.

Please note that these two requests can not be processed directly from the My Page created after opening an account, and you need to contact the support center by e-mail etc. to obtain the URL of the request form.

 

Account opening procedure

What you need to open an account is the following two items.

The identity verification documents are valid, such as "passport, driver's license, identification card, family register copy", and the current address verification documents are valid, such as "resident's card, utility bill, bank statement, credit card bill issued within 3 months" is.

Although the account opening form is only one page, there are many input items and many parts that are difficult to understand, so I will explain the detailed procedure below.

Account opening procedure

 

 

 

 

 

 

 

 

 

 

Abundant deposit and withdrawal method

Deposits and payments can be made by

In particular, the type of web money and the type of corresponding currency are abundant.

Select the deposit/ withdrawal from the top menu of My Page and perform the procedure.

 

Tradeview Terms and Conditions

71 types of currency pairs overwhelm others

Currency pairs deal with a large number of stocks with 71 types regardless of account or account type.

The minimum trading unit is the X leverage account of 1,000 currency (0.01 Lot) and the ILC account of 10,000 currency (0.1 Lot).

 

The narrowness of ILC account spreads is amazing

If you look at the spread of X leverage account and ILC account, the narrowness of the spread of ILC account is amazing.

Transaction fees are free for X leverage accounts and $2.50 for an ILC account per 100,000 currency one way.

For clarity, compare the total cost, including spreads and transaction fees, with other companies.

Result is as below.

Some currency pairs such as USD / JPY are better than AXIORY.

Considering this low cost and the many platform options to be described later, Tradeview's ILC account is highly recommended for ECN transactions.

 

Swaps are high and favorable conditions for medium- and long-term trading

Tradeview tends to focus only on scalping and day trading due to its low total cost, but it is also suitable for medium- and long-term trading as its swap points are quite high.

 

Strict money management, but zero cut

In Tradeview, there is no margin call and a loss cut fires at 100% margin maintenance.

The loss cut rules vary depending on the supplier, but many FX dealers generally use “margin call 50%, loss cut 20%,” etc.

Therefore, in order to prevent forced loss cut in Tradeview, you need to have enough funds in your account.

However, the zero cut system is firmly adopted, so even if a loss cut is triggered, there will be no more loss than the deposit amount.

 

Tradeview Trading Tools and Applications

 

There are four platforms: MT4, MT5, cTrader and CURRENEX.

However, standard account can only use MT4.

The most recommended of these is cTrader.

cTrader is a very good platform that also specializes in scalping, but there are still limited vendors available.

The ability to use cTrader is also one of the great advantages of Tradeview.

 

 

Valuation soaring cTrader specializes in ECN trading

cTrader (C Trader) has a background that was originally developed exclusively for ECN trading, so compatibility with ILC accounts is outstanding.

As well as the graphical interface and ease of use, you can view board information as standard, so you can trade with the same amount of information as a professional trader.

Therefore, it is evaluated as "over MT4 and MT5".

However, as a matter of course, cTrader and MT4 and MT5 have different programming languages, so they are basically incompatible with automatic trading programs.

It's a bit cumbersome, but you can also use a dedicated tool to convert the language of your automated trading program.

There are still few companies that can use cTrader, but among major foreign companies, AXIORY has adopted.

Please refer here for the detailed specifications of cTrader.

 

You can use both standard MT4 and MT5

MT4 (MetaTrader 4) · MT 5 (MetaTrader 5) is an undisputed high-performance platform that specializes in discretionary trading and automatic trading developed by MetaQuotes.

As there are many traders who prefer MT4 which is older than MT5 which is the latest version, traders dealing with two versions old and new like Tradeview have increased recently.

Among major overseas suppliers, XM also uses MT4 and MT5.

The difference of the detailed specifications of the MT4 · MT5 is here please refer to also articles.

 

There are few users for professional CURRENEX

Viking Account Platform CURRENEX (Karinex) is a platform dedicated to discretionary trading that has received high praise from institutional investors worldwide.

Among the professional platforms, it is said to be the highest in the world.

However, at the moment, there are few users in Tradeview, and many traders use MT4, MT5, cTrader.

The reason is that since CURRENEX is a platform for discretionary trading, it can not be traded automatically like MT4, MT5 and cTrader.

 

Tradeview Customer Support

With Tradeview, you can receive 24-hour support on weekdays with call center, email and live chat.

Live chat is available from the English site here.

There are two call centers in the Cayman Islands and Hong Kong, but because the staff is limited, depending on the case, it will be possible to call back.

Therefore, in consideration of waiting time and telephone charges, it is better to request a callback from the beginning.

Callback requests can be sent from the English site here.

 

Tradeview Campaign Bonus

There is no campaign bonus

There are currently no Campaign Bonuses in Tradeview. (As of July 2018)

Rather than focusing on campaign bonuses and getting in on the beginners, it is true that your stance on the other side of the trading partner is the opposite, as commission income will increase if you strengthen the core trading environment and let the middle-seniors deal a lot.