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.
Had a great time trading with Treadwell. their sales tactics where pushy and i didn’t trust them, but my agent proved to me that I should listen to his advice.
at first i lost nearly 15K, but during last August I won more than 45K Euros.
It took a month, but funds where delivered to my account about a week ago.
Having seen the other comments on this page, I don’t believe you. Even if it were true, you/the agent probably got lucky. If someone has a successful trading strategy, they should be working for themselves, not for anyone else.
Hi mark, my name is Colin and i too lost a hefty sum on Tradewell. I started trading with very little knowledge and had to rely on an agent from Tradewell to guide me. Bear in mind I didn’t trade at all before. the agent was helpful and helped me establish my knowledge, but I failed my trades and ended up losing 1000 euros. I know it’s not a lot when compared to others who have lost much more, but after that experience I realized this game isn’t for me. I didn’t understand the risks at first and after a week of trading i completely understand the losses that can come from trading on CFD. I could take out my frustration on the agent, or I can come to terms that this business is risky and probably chances are against me.
I didn’t go back to trading online, instead I took my life savings and put it in a savings account. That steady 3% increase every year is what I need, trading isn’t. I learned my lesson.
How much have you lost?
Avoid them. These guys happily take your money but do little to nothing in return. They will advise you to make investments into certain crypto currency assets but they do not tell you that their fees are far in excess of any other exchange out there nor do they monitor the accounts even though they say they will.
By way of example, just to test things out, I bought one unit in BCH/USDC. The listed price was 338.19. The market price was 336.69. That is a spread of $1.50. But I also paid a fee of $28.50 to them to buy the coin, meaning I was immediately in a losing position of -$30. That means I paid almost 10% to buy one unit. I had a similar result with any other unit I purchased. I
Their advertised accounts types are false. They do not provide the service they promise no matter what level you reach, so don’t bother trying.
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Their advertised accounts types are false. They do not provide the service they promise no matter what level you reach, so don’t bother trying.
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Yes. That’s right, they change your level to Silver (1:20) and then tell you that it was temporal and change the leverage to the 1:10. I asked why. The answer was, that it was temporal upgrade.
I asked what is temporal upgrade, because there is nothing like this in Terms and Conditions.
The answer was that it was a good will of the senior account manager. (Not an answer for my question).
I asked again, where is mentioned something like “temporal upgrade”…? After about 15 minutes discussion the senior account told me that it is not in Terms and Conditions. So terms and conditions is just a piece of sh*t for hem.
Also… 5-minutes trading is not allowed due to terms and conditions, but they offer you to do these kind of trades. They will have several sessions where they will do 5-minute trades and when there will be a successful one (in case the previous session ended up with loses), then they tell you: WOW. You earned $500 in a 30 minutes… We can continue in this strategy if you deposit…. You know what is next. 🙂
This company and the people who work for them are on line crooks, stay well away from them.
Anyone that chooses to trade on these kind of trade options should know the risk. Think before you put your money in.
I signed up briefly to find out a bit more about investing in Bitcoin and almost immediately I got a phonecall from one of their customer service team while I was at work. I explained this to him and he continued pressurising me into investing right then and there explaining that they recommend I go with the minimum deposit of £250. I explained that money was a little tight right now and I would have to think it over. The guy continued pushing me to the point I suffered an anxiety attack and even had the nerve to say he didn’t think I was being completely honest with him. In the end I hung up and contacted their live support asking for all my details to be removed. I’m still a bit shaken up though and worried about my details being safe even though I never gave them any of my banking details.
Same think with me
Thank you all.
Thanks to all these comments, I could confirm my initial suspicious feeling that I got for getting these strange phone calls.
I got my 250 USD back, so I’m safe.
hello KKKKK,
did you manage to withdraw your initial deposit back? How did you do it? The “Withdraw” function in my account doesn’t seem to work… Did you have to send some emails or provide them with any more bank details or ID…? Well, I have just put in the initial 250 Eur, then made some research and found this site… And obviously, I would like to get the money back and get out!
Thanks for any hint 🙂
TO WHOM IT MAY CONCERN:
I created an account in TRADEWELL.IO, I put 2500 euros, they promised me a lot of benefits in the short and medium term. So sure they said they were, that I explain that they added another € 2,500 to be able to have more benefits. However, the money with which they invested was only MINE. Now that I need to recover the money they tell me that I only have 800 € that the rest that the account marks, is their money, so I have lost € 1600. DO NOT EXPLAIN IT CLEAR, everything seems perfect, do not worry, they call you and on the phone appear the director who tells you to put another € 2500 and three times in three days, that’s when I realized that only They want to get you money. I DO NOT RECOMMEND ANYBODY TO ANYONE ….. Excuse me for my English
hi,i didnt buy anithing from them,but i registered and left card number and code.
can i expect problem with mz card,or it is safe?
thanks
If you didn’t mask part of your card number and if the 3 or 4 number code on the back of the card is visible to be safe ask your bank to re-issue the debit or credit card. If you have online banking you might be able to stop all transactions with the card or change the transaction amount to a minimum until you can get a new card issued.
I didnt sent them image of my card, I`ve just fill in the tabs like I was buying, and it wrote unssuficient funds, then I did it again to `reserve my place` as broker said, and I filled it again, as broker said `we dont collect your data`.
so just like when you buy online.
i just lost $3000, invested $1250 and they gave me a bonus of $500. then when the equity raised upto $3100. Now iam not able to access the website. they block my logging in. what shall i do . please advice
thank you
I had seen a page come up that told me I could not access the site from my region. Hours and sometimes days later I could access the Tradwell.io site and log in. If it turns out your account is not froze tell your account manager you want to cash out and want everything that is yours. Stand firm and don’t let them talk you into continuing… you want all money that is yours.
I am So much happy and happy ,,I got a refund to my money today…I was on facebook and I saw advertise to buy a new crypto Swedish currency,,That link took me to Tradewell ,,to buy this Swedish but later I discovered its not,,,I put 1000 USD and I asked them to refund it,,,after few emails exchange today I got 900 back to my account…I thank them to much as 100 $ is better that 1000 lose.