Tradeview

Tradeview is a long-established broker founded in 2004. Based in New York, USA, the service was provided under the license of the Cayman Islands Monetary Authority (CIMA), but due to the tightening of regulations by CIMA, users in some countries are under the subsidiary in Peru.

Tradeview features two cost advantages of small spreads and the lowest transaction fees in the industry, providing a trading environment that thoroughly suppresses transaction costs. Of the two account types offered by Tradeview (X Leverage and ILC), the overwhelmingly popular ILC account has a small average spread of USD/JPY 0.3pips and EUR/USD 0.2pips. Despite this, they have achieved a low transaction fee of $ 2.5 (USD) one way. Although it is ILC account that is highly evaluated by cost-oriented traders, it is a pity that the maximum leverage is small for an offshore Forex broker. The initial maximum leverage of ILC account is 1:100, and an application is required to increase the leverage. If you can meet the conditions such as account balance (the amount is not disclosed), then you can increase the leverage, but even so, the maximum is 1:200. With X Leverage account, you can leverage up to 1:500, and the average spread is relatively small, with USD/JPY 0.8pips and EUR/USD 0.7pips.

In addition to the cost, Tradeview has a rich lineup of trading platforms, which is another attraction of Tradeview. In addition to MetaTrader4/5, Tradeview allows you to trade with cTrader. Although cTrader is not as well known as MetaTrader4/5, it has some useful features not implemented in MetaTrader4/5, such as reverse orders and one-click trading, making it a popular tool for some discretionary traders.

The disadvantage of Tradeview is that the portal site is difficult to use. Since there is a different portal site for each account type and it is not possible to centrally manage multiple trading accounts, it is necessary to apply to support to manually handle the transfer of funds between accounts. Also, there are times when chat support is not available, so if you are not familiar with Forex, you may find it a little inconvenient. In addition, Tradeview, which competes for the lowest transaction costs, does not offer any bonuses or campaigns. Brokers with low transaction costs tend to have fewer incentive programs, including Tradeview. It is geared more towards those accustomed to Forex and are looking for low transaction costs, and are willing to allow some inconvenience.