web analytics

Please select the second broker

Take Me To Broker
Home page -> Broker finder -> TradeFred
Title

TradeFred Broker Review

Address: PathMagic Capital Limited, 6th Floor Steam Packet House, Cross Street, Manchester, United Kingdom, M2 4JG, United Kingdom

Phones: +44-1616670830

Forex Stocks CFD Crypto Spread Betting

Spread

1

Max. Leverage

1:300 Pro

Deposit Protection

₹50,000

Min. Deposit

₹100

Spread

0.6

Max. Leverage

1:300 Pro

Deposit Protection

₹50,000

Min. Deposit

₹100

Spread

1

Max. Leverage

1:30

Deposit Protection

₹50,000

Min. Deposit

₹100

Spread

1

Max. Leverage

1:300 pro

Deposit Protection

₹50,000

Min. Deposit

₹100

Our Overall Rating

Rating NAN

Previously trading as ‘MagicPath Capital Ltd’, TradeFred is one of the newer forex brokers on the scene that has gone through a recent resurgence. Currently, they are owned and operated by BrightFX Capital Ltd and are based in Cyprus. This is significant from a customer protection perspective as Cyprus is one of the most stringently regulated jurisdictions in the world. TradeFred offer fast and effective forex trading through a proprietary webtrader.

Commissions & Fees

Rating

Commissions and fees, like on many other platforms, will depend on the account type you have with them. The basic account is suitable for first-time traders and comes with a low minimum deposit and low leverage trading. The standard, advanced, and premium accounts, on the other hand, have much higher minimum deposits—up to ₹10,000—but will offer more competitive spreads on trades. While spreads are fixed across the TradeFred platform regardless of the product or currency pair, they are generally very competitive and seem to hang around the industry average.

Platforms & Tools

Rating

As is the case with most, if not all, other serious brokerages out there, TradeFred provides clients with access to the MetaTrader 4 platform, which is what trading on the website is centred around. The MT4 platform is the preferred platform of the majority of forex traders out there today and for a good reason. It has a comprehensive suite of charting and technical analysis tools that allow you to plan your trading strategy with precision. If you don’t fancy downloading and setting up the MT4 platform on your chosen device, you can also use TradeFreds proprietary browser-based ‘TradeFred Webtrader’ which allows you to manage your account and execute traders no matter what the device or where you are located. This is an excellent alternative to the MT4 platform and is surprisingly feature-packed for propriety software.

Customer Service

Rating

TradeFred has customer support agents available in English, Arabic, and Russian through email or phone. Additionally, you can also send queries directly through the website. While they don’t have the hours that customer support is available posted on the site, they generally reflect standard working hours. Based on our extensive research online, customer reviews of TradeFred’s customer support seem to be reasonably positive. Some users appear to have had issues with somewhat slow response times to queries, although they do not seem any better or worse than similarly sized rivals.

Final Thoughts

Overall, reviewers’ experiences of TradeFred has generally been pretty positive. The trading platform is as robust as you could hope for and trades appear to be executed relatively quickly. Although the variety of currency pairs isn’t as diverse as other platforms, for most users it should be more than enough. In the past, there were some questions about their regulatory status, although they seemed to have addressed this recently are now regulated by CySEC. As such, if you are a novice or intermediate forex trader, TradeFred is a good trading platform to use to manage your investments, although more experienced users might prefer a more feature-packed platform with more competitive spreads.

Related Guides

Pepperstone Review | Pepperstone Logo | We Compare Brokers

Pepperstone

Spreads:

See All Spreads

₹200

Min. deposit

Learn More
  • MT5
  • MT4
  • WebTrader
  • Mobile apps
  • Proprietary
See Platforms
  • Micro
  • Retail
  • VIP
  • Professional
See Accounts
  • Fixed
  • Variable
See Spreads
  • Bank transfer
  • Credit Cards
  • PayPal
See Methods
WCB Logo

FX Primus

Spreads:

See All Spreads

Min. deposit

Learn More
  • MT5
  • MT4
  • WebTrader
  • Mobile apps
  • Proprietary
See Platforms
  • Micro
  • Retail
  • VIP
  • Professional
See Accounts
  • Fixed
  • Variable
See Spreads
  • Bank transfer
  • Credit Cards
  • PayPal
See Methods
WCB Logo

CM Trading

Spreads:

See All Spreads

Min. deposit

Learn More
  • MT5
  • MT4
  • WebTrader
  • Mobile apps
  • Proprietary
See Platforms
  • Micro
  • Retail
  • VIP
  • Professional
See Accounts
  • Fixed
  • Variable
See Spreads
  • Bank transfer
  • Credit Cards
  • PayPal
See Methods

XM

Spreads:

See All Spreads

₹5

Min. deposit

Learn More
  • MT5
  • MT4
  • WebTrader
  • Mobile apps
  • Proprietary
See Platforms
  • Micro
  • Retail
  • VIP
  • Professional
See Accounts
  • Fixed
  • Variable
See Spreads
  • Bank transfer
  • Credit Cards
  • PayPal
See Methods

Saxo Capital Markets

From 0.6 Points

Spreads:

See All Spreads

₹2000

Min. deposit

Learn More
  • MT5
  • MT4
  • WebTrader
  • Mobile apps
  • Proprietary
See Platforms
  • Micro
  • Retail
  • VIP
  • Professional
See Accounts
  • Fixed
  • Variable
See Spreads
  • Bank transfer
  • Credit Cards
  • PayPal
See Methods

ForexTime (FXTM)

1

Spreads:

See All Spreads

₹5

Min. deposit

Learn More
  • MT5
  • MT4
  • WebTrader
  • Mobile apps
  • Proprietary
See Platforms
  • Micro
  • Retail
  • VIP
  • Professional
See Accounts
  • Fixed
  • Variable
See Spreads
  • Bank transfer
  • Credit Cards
  • PayPal
See Methods
GO TO THE compare brokers

Ratings

Rating

What is your experience with this broker?

With over 4,000 brokers active globally, it’s good to share your experience with others. Spread the word on good or bad brokers. Disclaimer: Comments on this site are not the opinion of WeCompareBrokers and we are not responsible for the views and opinions posted by site users. If you are unhappy with any comments, please email complaints @ wecomparebrokers.com

Important: You (the person writing the comment) are responsible for any comments you post and use this site in agreement with our Terms.