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Rating Index
Pros
TradedWell is regulated by the Cyprus Securities and Exchange Commission (CySEC), providing a level of security for traders.
The broker offers a wide range of trading instruments, including over 170 assets across various categories such as forex, commodities, and cryptocurrencies.
Traders can benefit from a free demo account, allowing them to practice and develop their skills without financial risk.
Cons
The high leverage offered (up to 1:500 for professional accounts) can lead to significant losses, especially for inexperienced traders.
There have been reports of withdrawal issues and customer complaints regarding unprofessional service, raising concerns about the broker's reliability.
The absence of Metatrader 5 and reliance on a web-based platform may limit advanced trading functionalities for some users.
TRADEWELL broker Accounts
Tradewell Account Type
Tradewell offers a variety of trading accounts tailored to meet different trading needs. The account types include:
- Luxury Trading Account
- Minimum Deposit: $11,000,000
- Maximum Leverage: Not specified
- Commission: Not specified
- Benchmark Account
- Minimum Deposit: $4,900,000
- Maximum Leverage: Not specified
- Commission: Not specified
- Premium Account
- Minimum Deposit: $1,000,000
- Maximum Leverage: Not specified
- Commission: Not specified
- Diamond Trading Account
- Minimum Deposit: $620,000
- Maximum Leverage: Not specified
- Commission: Not specified
- Standard Trading Account
- Minimum Deposit: $70,000
- Maximum Leverage: Not specified
- Commission: Not specified
- Basic Trading Account
- Minimum Deposit: $2,500
- Maximum Leverage: Not specified
- Commission: Not specified
- Visit the Official Website: Go to the Tradewell website.
- Select "Open Online Trading and Demat Account": Click on the relevant tab to start the account opening procedure.
- Fill in Your Mobile Number: You will be redirected to the account opening page where you need to enter your mobile number and verify it with an OTP.
- Upload Required Documents: Complete the KYC process by uploading necessary documents such as:
- Copy of PAN card
- Latest bank statement (last 3 months)
- Proof of identity (passport, Aadhar card, voter ID, or driving license)
- Proof of address (voter ID, driving license, passport, ration card, etc.)
- Two passport-sized photographs
- Submit the Application: Check all details and submit the application.
- Receive Login Credentials: After successful verification, you will receive your login credentials via email or SMS.
Each account type offers different features and benefits, catering to both novice and experienced traders.
Tradewell Broker Account Opening Process
Opening an account with Tradewell is a straightforward process. Follow these steps:
The entire process is designed to be quick and efficient, allowing you to start trading as soon as possible.
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