According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $3
- WebTrader
- MetaTrader4
- Mobile Apps
- FSA
Our Evaluation of TradeWill
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
TradeWill is a moderate-risk broker with the TU Overall Score of 5.26 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by TradeWill clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
TradeWill provides a user-friendly platform with a variety of CFDs and strategies, allowing traders to build diversified portfolios. Leverage options enable traders to increase their profit potential even with limited capital. The broker offers fundamental and technical analysis tools to support trading decisions. However, TradeWill has relatively high spreads and trading fees and doesn't offer passive income options. Additionally, some regions may have restrictions.
Brief Look at TradeWill
TradeWill is a broker that offers CFDs on currency pairs, indices, metals, crude oil, and cryptocurrencies. Clients can trade through the MetaTrader 4 trading platform, mobile apps, or WebTrader. A free demo account and three live account types are available, with a minimum deposit of $3 required for live accounts. Spreads are floating and start from 0 pips. Trading fees range from $0 to $15 depending on the account type. The broker offers flexible leverage, up to a maximum of 1:500. While TradeWill doesn't offer additional income options, bonuses, promotions, or educational materials, its website provides special trading tools, including an economic calendar, a calculator, and newsfeeds with detailed analytics.
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- A free demo account allows traders to explore platforms and test their trading strategies without risking real funds;
- Low initial deposit requirements;
- Micro lot trading is available for all account types;
- There are no restrictions on strategies and methods;
- MT4 trading platform is customizable with plugins, while WebTrader allows its users to trade from the browser;
- Advanced technologies ensure order execution speed up to 0.04 ms;
- Special trading tools are available to successfully forecast trends and calculate profits;
- 24/7 technical support is available via various communication channels.
- Spreads on the Commission-Free account and fees per lot on Standard and TradeWill accounts are rather high;
- No additional income options;
- Regional restrictions include Israel, Iran, Iraq, and some other countries.
TU Expert Advice
Author, Financial Expert at Traders Union
TradeWill offers a range of trading instruments, including CFDs on currency pairs, metals, crude oil, indices, and cryptocurrencies. Its clients have access to trading through MetaTrader 4, mobile apps, and WebTrader, with free demo accounts and three live account types starting at a minimum deposit of $3. The platforms offer high-order execution speed, and traders can utilize a wide range of strategies, supported by an economic calendar and newsfeeds, with leverage up to 1:500.
However, TradeWill has some drawbacks, such as relatively high spreads and trading fees, limited asset variety, and the lack of educational resources and passive income options. Regional restrictions are another critical consideration. Despite these disadvantages, TradeWill may appeal to traders focused on high leverage and diverse CFD offerings but may not suit those who prioritize low trading costs and extensive educational support.
TradeWill Trading Conditions
Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | MetaTrader 4, WebTrader, and mobile apps |
|---|---|
| 📊 Accounts: | Demo, MT4 Standard, MT4 Commission-Free, and TradeWill |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Bank transfers, bank cards, online payment systems, and crypto-wallets |
| 🚀 Minimum deposit: | $3 |
| ⚖️ Leverage: | Up to 1:500 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,1-0,2 pips |
| 🔧 Instruments: | CFDs on currency pairs, indices, metals, crude oil, and cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Market |
| ⭐ Trading features: |
Free demo account and three live account types; Micro lot trading; Low initial threshold; Trading fees are relatively high; Leverage is acceptable; Wide choice of CFDs; Basic trading tools, news, and analytics are provided; No education and passive income options. |
| 🎁 Contests and bonuses: | Rebates from Traders Union |
Usually, if brokers offer several live account types, minimum deposits, and trading conditions for them differ. To open the Standard account with TradeWill, a minimum of $50 is required, while the Commission-Free account requires a minimum deposit of $200. Leverage varies depending on the traded asset, ranging from 1:1 to 1:500. Technical support is available 24/7 via call center, email, and live chat.
TradeWill Key Parameters Evaluation
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Trading Account Opening
To start trading with TradeWill, register on its website, pass verification, and make a deposit. Next, download the MT4 platform or use WebTrader. To eliminate any questions on the registration process, TU experts prepared a step-by-step guide and described the features of TradeWill’s user account.
Go to the broker’s official website and choose the preferred language in the right upper corner. Click the “Open an account” button.
Enter your name and email, choose your country of residence, and create a password. Agree to the terms and conditions by checking the box and clicking the “Register” button. Also, you can register using your Google or Facebook accounts.
In your user account, click the “Verification” button from an information message. Go to the Verification section through the main menu. Enter your full name and choose your country of residence. Then, choose the document confirming your identity. Enter its number and attach its scans or images following the on-screen instructions. Click the “Next step” button.
Enter your bank details required for verification following the on-screen instructions. Note that deposits and withdrawals can be made through all available payment methods.
Three account types for WebTrader and MetaTrader 4 are available for you. Choose any of them in the main menu and click the “Deposit” button. Specify the appropriate deposit method. Note that available methods may differ subject to your region. Enter the amount you want to deposit and follow the on-screen instructions. Remember to check the confirmation box. Wait until funds are credited to your account.
Download MetaTrader 4, a mobile app for Android or iOS, or use WebTrader, which is integrated with the broker's website. If you choose MT4, install the appropriate version for your device, launch it, and enter your registration data. WebTrader doesn't require these steps since you trade directly from your browser.
Additional features of TradeWill’s user account allow traders to:
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View a summary dashboard with detailed data on active accounts.
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View the balance, capital, and summary margin for active accounts.
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Fund their accounts through any of the available methods.
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Submit withdrawal requests.
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Transfer funds between accounts registered with the broker.
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View trading history for all accounts and an archive of trades with the possibility to sort out the information.
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Provide their personal information and upload documents.
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Access user account’s protection parameters, and verification settings, and allows clients to change their passwords.
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Download MetaTrader 4 trading platforms distributions.
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View communication channels to contact technical support and additional comments.
Regulation and safety
TradeWill has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Not tier-1 regulated
TradeWill Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 FSA (Seychelles) |
Financial Services Authority of Seychelles | Seychelles | No specific fund | Tier-3 |
TradeWill Security Factors
| Foundation date | - |
| Negative balance protection | No |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker TradeWill have been analyzed and rated as Medium with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of TradeWill with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, TradeWill’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
TradeWill Standard spreads
| TradeWill | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,1 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,2 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,4 | 0,4 | 0,1 |
| GPB/USD max, pips | 0,6 | 1,4 | 0,5 |
Does TradeWill support RAW/ECN accounts?
As we discovered, TradeWill does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with TradeWill. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
TradeWill Non-Trading Fees
| TradeWill | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 10 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
Since brokers often have varying live account options, choosing the right one is crucial. TradeWill offers three: Standard and Commission-Free account with floating spreads from 0 pips and fees of $10-$15 per lot, and a Commission-Free account with a 10 pips spread and no commissions. Leverage, minimum trade size, open trades allowed, and available assets are consistent across all accounts. Therefore, the choice depends on your trading style and priorities. Platform selection is straightforward. Both MetaTrader 4 and WebTrader trading platforms are available, along with mobile apps that enable trading from any device. While the platforms have slight differences, their interfaces remain simple and intuitive.
Account types:
Deposit and withdrawal
TradeWill received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
TradeWill offers limited payment options and accessibility, which may impact its competitiveness.
- No deposit fee
- Minimum deposit below industry average
- BTC available as a base account currency
- Bank card deposits and withdrawals
- Limited deposit and withdrawal flexibility, leading to higher costs
- Only major base currencies available
- Wise not supported
What are TradeWill deposit and withdrawal options?
TradeWill offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire, BTC, USDT, Ethereum. This limitation may restrict flexibility for users, making TradeWill less competitive for those seeking diverse payment options.
TradeWill Deposit and Withdrawal Methods vs Competitors
| TradeWill | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are TradeWill base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. TradeWill supports the following base account currencies:
What are TradeWill's minimum deposit and withdrawal amounts?
The minimum deposit on TradeWill is $50, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact TradeWill’s support team.
Markets and tradable assets
TradeWill offers a limited selection of trading assets compared to the market average. The platform supports 300 assets in total, including 60 Forex pairs.
- Commodity futures are available
- Indices trading
- Crypto trading
- Limited asset selection
- Copy trading not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by TradeWill with its competitors, making it easier for you to find the perfect fit.
| TradeWill | Plus500 | Pepperstone | |
| Currency pairs | 60 | 60 | 90 |
| Total tradable assets | 300 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products TradeWill offers for beginner traders and investors who prefer not to engage in active trading.
| TradeWill | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
Traders often have various questions that may arise due to their inattentiveness or lack of experience. Moreover, they may encounter unexpected trading situations. TradeWill clients can always contact its 24/7 technical support via call center, email, or live chat on the website.
Advantages
- Three available communication channels
- Operates 24/7
- The support team is prompt and highly competent
Disadvantages
- In peak hours, support may take longer to respond
Whether you are the broker’s client or an unregistered user, contact technical support via the following channels:
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Call center;
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Email;
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Live chat on the website.
Moreover, there is the Help Center section on the website. However, the most efficient channels are phone and live chat.
Contacts
| Registration address | Euro House, Richmond Hill Road Kingstown, St. Vincent and the Grenadines |
|---|---|
| Regulation |
FSA
Licence number: SD111 |
| Official site | https://www.tradewill.com/ |
| Contacts |
(+357) 25251322
|
Education
Brokers often provide educational materials for their clients. These can include trading glossaries, articles, webinars, or comprehensive interactive courses. TradeWill doesn’t offer any training, since it assumes that traders who register on its website already have a basic understanding of financial markets.
For traders with limited financial markets knowledge, it's recommended to use third-party resources to gain a foundational understanding of trading theory before developing their skills through practical experience.
Comparison of TradeWill with other Brokers
| TradeWill | Eightcap | XM Group | RoboForex | Vantage Markets | InstaForex | |
| Trading platform |
MetaTrader4, Mobile Apps, WebTrader | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5, TradingView, ProTrader, Vantage App | MT4, MultiTerminal, MobileTrading, MT5, WebTrader |
| Min deposit | $3 | $100 | $5 | $10 | $50 | $1 |
| Leverage |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | Yes |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
No | 80% / 50% | 100% / 50% | 60% / 40% | 100% / 50% | 30% / 10% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | Yes |
Detailed Review of TradeWill
Tradewill Global LLC implements best trading practices using, in particular, VPS technology that ensures stable 24/5 operation and order execution speed up to 0.04 ms. To protect client funds and data, TradeWill implements SSL protocols and authentication tokens. Additionally, client funds are held in segregated accounts for further security.
TradeWill by the numbers:
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Minimum deposit is $3;
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Maximum leverage is 1:500;
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5 groups of CFDs;
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2 trading platforms and a mobile app;
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24/7 technical support.
TradeWill is a CFD broker for traders with any experience level
TradeWill is versatile due to several factors. First, its wide range of CFDs allows traders to diversify their portfolios, manage risk effectively, and employ various trading strategies. Second, the broker does not limit its clients allowing them to scalp, hedge, trade on news, use expert advisors, or transfer their positions overnight. The third factor is trading platforms. MetaTrader 4 is one of the most popular solutions in the market due to its intuitive interface and customizability with free plugins. Also, TradeWill clients can use WebTrader to trade directly from the browser. Finally, the availability of newsfeeds, analytics, and basic tools like economic calendar and calculators is important.
Useful services offered by TradeWill:
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Economic Calendar. It is an interactive table featuring the most essential political and economic events. These events are categorized by their level of importance with a choice of time frames.
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Calculator. This tool allows traders to select a desired asset and specify the trade volume, duration, and direction (buy or sell). This tool calculates potential profits and losses, based on current market indicators.
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Newsfeeds. Every morning, the latest news is posted on the broker’s website. TradeWill experts provide their insights into the latest events and forecast how they may influence asset quotes.
Advantages:
The broker offers transparent conditions with no hidden fees;
Stable operation ensures high order execution speed;
Trading tools allow clients to conduct trend analysis and execute profitable trades;
MT4 platform is user-friendly and customizable for better trading experience;
24/7 technical support is available via several communication channels.
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