A General Understanding Of TradeFills
TradeFills Is A Forex Broker Registered In Saint Vincent And The Grenadines. Established In 2022, The Broker Offers A Range Of Trading Instruments, Such As Forex Currency Pairs, Metals, Indices, And Cryptocurrencies. TradeFills Offers Clients A Choice Of Multiple Account Types, Including Standard And Ecn Accounts. Both Account Types Require A Minimum Deposit Of 5 Dollars And Offer High Leverage Up To 1:1000.
The Broker Also Offers Clients The Popular Meta Trader 4 (MT4) Trading Platform, Which Can Be Downloaded On Desktop And Mobile Devices. Deposits And Withdrawals TradeFills Can Use A Variety Of Payment Methods, Including Telegraphic Transfer, Credit/debit Cards, And E-wallets. The Broker Also Offers Customer Support Services Via Phone, Email And Live Chat, As Well As Educational Resources Such As Webinars And Tutorials.
Is TradeFills Legit Or A Scam?
TradeFills Is A Relatively New Broker, Established In 2022, With Limited Information Available Regarding Its Reputation And Regulatory Status. According To Information Provided On Its Website, TradeFills Claims To Be Registered In St. Vincent And The Grenadines And It Is Unclear If It Is Regulated By Any Financial Authority. It Is Therefore Advisable To Check For Any Red Flags, Such As Unreasonably High Promised Returns Or Lack Of Transparency, And Only Invest What You Can Afford To Lose.
Pros And Cons
TradeFills Has Low Minimum Deposit Requirements, High Leverage And Offers A Variety Of Trading Instruments Including Forex, Stocks, Commodities And Cryptocurrencies. The Broker Also Offers A User-friendly Trading Platform And Multiple Account Types To Cater For Different Trading Needs.
However, TradeFills Also Has Some Potential Drawbacks. One Of The Main Issues Is The Lack Of Regulation By A Well-known Financial Institution Group. This May Raise Questions About The Broker's Credibility And Trustworthiness. Additionally, The Broker May Have Higher Spreads And Commissions Than Some Of Its Competitors, Which May Affect The Trader's Profitability.
Market Tools
TradeFills Offers Its Clients A Wide Range Of Tradable Instruments. These Include Forex Currency Pairs, Commodities, Indices, Stocks And Cryptocurrencies. The Selection Of Forex Pairs Includes Major, Minor And Exotic Currency Pairs. In Addition, Clients Can Trade CFDs On Precious Metals Such As Gold And Silver As Well As Energy Commodities Such As Oil And Gas. It Is Also Possible To Trade Various Popular Global Indices Such As The Standard & Poor 500 And Nikkei 225. Moreover, TradeFills Offers CFD Trading On Some Of The Most Well-known Cryptocurrencies Such As Bitcoin, Ethereum, Litecoin And Ripple.
Account Types
There Are Four Different Account Types To Choose From, Including Micro, Standard, Professional And Ecn Accounts. Each Account Type Has Its Own Unique Features, Advantages And Trading Conditions. Traders Can Choose The Account Type That Suits Their Trading Style, Experience And Budget. One Of The Significant Advantages Of TradeFills Is That The Minimum Deposit Requirement For All Account Types Is Only $5. This Makes It Easy And Affordable For Traders To Start Trading TradeFills, Even If They Are New To Trading Or Have Limited Funds.
Margin Call: 50%, Stop Loss: 25%. In Addition, No Swaption Is Available For All Four Trading Accounts.
In Addition To The Four Types Of Real Trading Accounts, This Broker Also Offers Demo Accounts. Demo Accounts Provide Traders With Virtual Funds To Trade, Enabling Them To Experience Real-time Market Conditions Without Risking Any Actual Money. For Novice Traders, This Is An Excellent Way To Start The World Of Forex Trading Without Worrying About Losing Money.
How To Open An Account?
Opening An Account TradeFills Is Simple And Easy, Just Follow A Few Simple Steps:
1. Click On The "Open A Real Account" Link And Fill Out The Application Form.
2. Upload Your Photo ID And Proof Of Address Documents From Your Client Portal, Which Will Be Verified By This Trading Account.
3. After The Verification Is Passed, Your Account Is Successfully Registered. Fund Your Account And Then Start Trading.
Leverage
TradeFills Offers Leverage Of Up To 1:1000 For All Four Trading Accounts (Micro, Standard, Professional And Ecn). This Means That Traders Can Open Positions Worth Much More Than Their Account Balance, Thus Potentially Increasing Their Profits. However, Traders Should Also Be Aware Of The Risks Of Using High Leverage As It Also Increases Potential Losses. It Is Important For Traders To Carefully Consider Their Risk Management Strategies And Use Leverage Responsibly.
Spreads And Commissions (Trading Fees)
One Of The Most Important Considerations When Choosing A Forex Broker Is The Cost Of Trading, Which Includes Spreads And Commissions. Micro, Standard And Professional Accounts Are Ideal For Traders Who Prefer A Zero Commission Trading Environment. These Accounts Offer Fixed And Variable Spreads With Starting Spreads As Low As 1.4, 1.4 And 0.8 Pips Respectively.
An ECN Account Is The Perfect Choice For Traders Looking For Smaller Spreads. This Account Type Offers Spreads As Low As 0.0 Pips, And Traders Are Charged A $4 Commission Per Lot. While Commissions May Seem Like An Added Cost, Low Spreads Can Make Up For It, Especially For Traders Who Perform Block Trades.
Non-Trading Fees
TradeFills Does Not Charge Any Deposit Or Withdrawal Fees, But There May Be Some Non-trading Fees That Clients Should Be Aware Of. For Example, Brokers Charge A $10 Monthly Inactivity Fee For Accounts That Are Inactive For More Than 90 Days. In Addition, TradeFills May Charge A Currency Exchange Fee Of 3% Of The Transaction Amount.
TradeFills Does Not Charge Any Deposit Or Withdrawal Fees, But There May Be Some Non-transaction Fees That Clients Should Be Aware Of. For Example, A Broker Charges A $10 Idle Fee For Accounts That Are Inactive For More Than 90 Days, Monthly. In Addition, TradeFills May Charge A Currency Exchange Fee Of 3% Of The Transaction Amount. It Is Important For Traders To Carefully Review The Non-transaction Fees Of Any Broker They Are Considering, As These Fees Can Increase Over Time And Affect Overall Profitability.
Trading Platform
TradeFills Provides Investors With The Market-leading And Widely Praised MT4 Trading Platform, As Well As MT4 Windows, MT4 IOS And MT4 Android. The MT4 Trading Platform Is One Of The Most Well-known And Widely Used Online Trading Systems In The World. The MT4 Platform Provides Traders With A Variety Of Trade Execution Functions, Unlimited Charts, Rich Technical Indicators And Curves, Custom Indicators And Scripts, Allowing Traders To Implement Any Simple Or Complex Trading Strategy.
Deposit And Withdrawal
TradeFills Provides Customers With A Variety Of Convenient Deposit And Withdrawal Methods. These Methods Include Bank Telegraphic Transfers, Credit/debit Cards And Popular E-wallets Such As Skrill And Neteller. The Minimum Deposit Amount Is $5 For All Account Types And Is Suitable For All Levels Of Traders.
Deposits Are Usually Processed Within 24 Hours And Funds Can Be Deposited Immediately Into The Trading Account. Withdrawals Are Also Processed Quickly, Usually Within 24 Hours, But Depending On The Payment Method Used, It May Take Up To 5 Business Days To Be Reflected In The Account.
Customer Support
TradeFills Offers Customer Support Through Multiple Channels Including Live Chat, Email And Phone. The Customer Support Team Is Available 24/7 To Help Traders With Any Issues Or Queries They May Have. The Site Also Includes An Extensive FAQ Section Covering A Wide Range Of Topics Including Account Opening, Deposits And Withdrawals And Trading Platforms. The Customer Support Team Is Multilingual, Which Makes It Easy For Traders From Different Regions Of The World To Communicate With The Support Team.
Tel: + 44 7888 872335
Email: Support@TradeFills
