Trade Well is an emerging Crypto CFD broker. They offer more than 100+ pairs and provide upto 1:40 leverage. Their platform is web based and it’s unique functionality brings a new touch of practicality to trading.
However, there are few things you should know before joining them. Read our detailed review to know everything about this broker and make an informed decision.
Disclosure: We get commissions for purchases made through links in this post.
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License and Custom Support
It is always best for you to trade with licensed brokers. So, that you are always under the protection of the local regulatory body. However, we are not stating that all the unregulated brokers are outright frauds.
Considering the risks, it is better to avoid them. The parent company of this broker is Invest Support LTD. Below are the details regarding their registration.
Registration Number – 205538955
Address – 5, 1B Dimcho Debelyanov street, Metropolitan Municipality Izgrev Region, 1113 Sofia City, Bulgaria
Phone – +3726094190
Email – customersupport@tradewell.io
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| Crypto Betting Platform (CFDs) |
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Traders can contact the support team via telephone, telegram app or email. However, as there are no testimonials as of now, we do not have any feedback regarding them.
Account Types and Leverage
This broker offer 5 types of accounts. The distinguishing factors are starting capital, trading terms, account manager and educational content.
As a rule of thumb, you will get more professional services, if you start out with more up-front capital. Trading bonus is available across all the account types.
However, make sure that you have completely understood with the terms and conditions first. We strongly recommend our readers never to accept bonus because most of the time it acts like a double edged sword. The amount of leverage ranges from 1:10 to 1:40. This might sound low, but in the world of cryptos it is enough.
Remember cryptocurrencies have a lot of volatility. So it is important for you to adhere to strict risk management. Otherwise, the consequences will be severe. Moreover, most of the brokers do not offer 1:40 leverage so it is not a deal breaker.
Educational Material
All of the clients of this broker can access an educational outlet. There are both in the format of video tutorials and books. This kind of gesture shows their commitment and integrity. Although, the quality of the material available is a subject to one’s opinion. 
If you are a complete beginner, then you will benefit a lot from it. Remember to backtest every strategy before you decide to use them on a live account. Though, past results does not guarantee future actions, it is good to know the statistics.
Charting Tools and Platform
The platform offered by this broker is web based. It runs on most of the modern devices which has an active internet connection. However, if you are used to algorithm trading, then you might be disappointed. As an alternative, they offer account management, but the exact performance records are something you should keep an eye on.
There will always be execution delays in any type of copy trading. So, be prepared for that in advance or avoid trading during those times. As far as charting is concerned, there is nothing to worry about.
TradingView charts offer some of the best tools which will be more than enough for most traders. Moreover, with tradingview you can set for price charts as well so that you don’t have to stay glued to the screen. This feature will be helpful especially for swing traders.
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| Crypto Betting Platform (CFDs) |
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Domain Insight
Tradewell.io domain was registered on 15/05/2018. The registrant details are completely masked for privacy reasons. However, you can always contact the support team if you have any concerns. Since this website is relatively new, they do not have high ranking on similar web and alexa.com yet. So, we cannot trace at their main traffic sources.
Deposit and Withdrawals
Trade Well offers accounts in 4 base currencies which are AUD, USD, EUR and GBP. The minimum deposit amount is $250 or equivalent. Deposit and withdrawals can be done through wire transfer, credit cards and Bitcoin.
They state that the withdrawals are usually processed in 2 days, but sometimes can take as long as 5 business days. Unfortunately, the minimum withdrawal amount is not specified.
Trade Well Review conclusion
Trade Well is a decent broker who brings a lot to the table while their leverage might seem capped for smaller accounts, it really comes down to the strategy you employ. If you are planning to trade with this broker, then start with the minimum deposit and then scale it up if it’s necessary. The sole reason why we are recommending this is because of the lack of feedback. It’s always better to be safe than sorry.
Sadly this appears to be a scam, do not give them any money! Thery’re very professional in their approach to getting you to deposit, but trying to withdraw is another matter. They tell you that you can withdraw whenever you want..except they don’t tell you that the account manager must approve it. This is where you suddenly can’t get your money back. Please avoid giving them anything!!
Tradewell.io is surely a scam. Don’t send them any money.
I have been scammed by Tradewell, They cheated me of $60,000, and i am looking for solution on how to get my moneyback. If you are a victim of this scam, please send message and lets us all seek justice and prosecute this people. I need help urgently, they took all my life savings. My email is martinsean38@gmail.com
This is how they work:
– You will invest the first 250 USD
– They will try to look like a trustworthy organization and will send you part of your money back.
– Since that time, they will call you every working day and start the “aggressive” calls combined with humiliation to make you to upgrade to the Silver account (invest 10 000 USD). They will be asking you if have any investments, what is the gain, why you have investments with so low gain and that they will give you 20% a year or month gain.
– Time to time they will make a trade and there will be some revenue.
– Calls will have a “busy stock sounds” in the background. 🙂
– They will be asking you if you know about some news happened on crypto coin stocks (like JP Morgan some time ago).
– They will be sending you screenshots with successful trades as proof that they are “professionals” and know what to do.
– When you upgrade to Silver account, they will place several trades with all your money and you will lose everything in a few days.
– Since the time they will place these orders, they will not contact you anymore.
For everything you do, they will ask for a confirmation via HelloSign, they will ask for a scan of your card, your ID to prevent AML.
Also will forward you to do a transfer via ccx.io. Tradewell.io and ccx.io is the same company.
They also offer you a bank transfer which is for company Rapid BO (PTY) LTD, located at 10 Milton Road, Sea Point, South Africa, 8060.
There are also very bad conditions if you want to withdraw your money and they provided you with a company “bonus”. You need to make trades for 20000*bonus to be able to withdraw without fees.
I did this investigation for you to find another scam company. Please. Never invest more, that you can lose.
Thanks Tony, I had the same experience, got caught losing more than 3,000$, dealing with these guys ain’t interesting, promises, and not much delivery, they communicate when they want to pressure you on raising your level!, don’t deal with these people !
Hi Tony, a scam, definitely. What happened to you also happened to me, although fortunately I lost less. Your record is accurate. Mine differed in that in the middle they introduced me to ‘skulling’. A method of hitting the enter button when the candlestick dipped down on red but then you had to do the same thing when it flashed upwards on the green. You had to wait a minimum of five minutes, it was fun, not a high return and like playing a fruit machine.
When I had enough of their ‘robust’ tactics and wanted out, they said I did not have enough equity to continue buying bitcoin anyway so to help me one last time they did a spread using all my money plus theirs. Guess what? Yes, within a few hours I had lost everything (they did not put upper and lower limits on profit and loss)
I will just say, no matter what I lost, not having to speak to these people again was probably worth it.
Thank you sir, your comment was really helpful. I have just signed up with them and their representative called me, but I did not go further with him, because he is too friendly and optimistic to a suspicious level.
Thanks again🌷
I have been trading with tradewell for some time and trading is ok, but the withdrawals. I have been waiting for the second withdrawal for more than a month now. They are in touch, but the money is just not coming back, will update if any change, but at the moment I feel like I have been scammed and must beg to get my money back:(
Josef
Could please confirm that you have received the original money that would be great. Because somebody else can use your name her.
I see you have received you money we are still waiting
Hi,
What is your plan to get your money back.can we report them at visa or mastercard..we should creat fb group as tradewell victim..we can warn other people sothat they will not become victim in this scamm company..we can also seek justice.
I am doing business with them i made 3 times of my investment and then i wanted to withdraw my investment only and keep profit there to make money. But my account manager does not want me to withdraw even that. I cant understand why they have problem in withdrawl. Even withdrawl process is fishy request for withdrawl goes to account manager first and then he approves. Why someone should restrict my withdrawl.
Thanks
Ravi
Had some rough time in the beginning and many clashes with customer service but finally received all my money after my investment gave me 300% + i made 5ok in 1 month!
I have been scammed by Tradewell, They cheated me of $60,000, and i am looking for solution on how to get my moneyback. If you are a victim of this scam, please send message and lets us all seek justice and prosecute this people. I need help urgently, they took all my life savings. My email is “Tayloroscar10@ gmail. c om”
Hi,
What is your plan to get your money back.can we report them at visa or mastercard..we should creat fb group as tradewell victim..we can warn other people sothat they will not become victim in this scamm company..we can also seek justice.
Tradewell is a big scam
Currently but not for very long in contact with tradewell. Have given them money but still not 100% sure about them & they have been asking for more. Some things seem ok & other things not so good. Hoping you might be able to shed a bit more light on them. Thank you.
They’re a scam, Allan! I’ve been scammed too. If you’re legit, please contact me here and together we can work out the way forward.
They are really a BIG SCAM! i have been scammed by TradeWell i.o. I am looking for a solution how to get back my money.