Abstract：Founded in 2004, Tradeview is a regulated brokerage firm operating in the Cayman Islands and regulated by LFSA in Malaysia. The company offers straight-through processing (STP) and holds a full license for MT4/5, providing traders with access to various financial markets, such as forex, stocks, futures, etc. Tradeview's account settings are different from most brokers, read this article to have a comprehensive understanding of Tradeview's accounts.
Tradeview Review at a Glance
Tradeview, not TradingView! Please be aware that the Tradeview we review in this article is a forex and CFD broker from the Cayman Islands, not TradingView - a popular trading platform, like MetaTrader 4 and MetaTrader 5.
Unlike most brokers, Tradeview breaks down the account types quite finely, offering different trading accounts based on trading assets. MT4, MT5 and cTrader are all available. Tradeview also supports social/copy trading and multiple payment methods. Overall, except for the regulatory license limited to LFSA in Malaysia, the performance is not bad in other aspects.
Is Tradeview Safe and Legit?
Yes. Tradeview has segregated accounts and regular audits to ensure that your funds are protected. You'll get automated negative balance protection and sophisticated risk management tools.
In addition, Tradeview currently holds two regulatory licenses, including
- Labuan Financial Services Authority (LFSA) in Malaysia
- Cayman Islands Monetary Authority (CIMA)
However, only the LFSA license is valid, while the CIMA license is exceeded. You can verify Tradeview's regulatory status and explore more details on WikiFX.
Tradeview Account
Demo Account
Tradeview offers risk-free demo accounts for forex, stocks and futures trading.
If you select forex trading, you can trade on the MT4, MT5, or cTrader platform.
The MT4 and MT5 platforms accept USD, EUR, JPY, CAD, and GBP, while the cTrader platform accepts the same account currencies except for GBP.
No matter which trading platform you choose, the maximum leverage is up to 1:400 and the account balance is up to 1,000,000.
If you want to know more details about Tradeview forex demo accounts, please refer below:
If you select stock trading, you can trade on the MT5, Sterling, Lightspeed, Takion, DAS, and API/FIX platforms.
However, compared to the Tradeview forex demo account, the account currency is only limited to USD and the maximum leverage is only 1:5.
If you want to know more details about Tradeview stocks demo accounts, please refer below:
If you select futures trading, CQG is your only available trading platform and USD is the only accepted account currency.
Account Types
Tradeview sets different account types for different trading markets.
If you are a forex trader, you can choose an account type between ILC, XLev and cTrader.
The minimum deposit requirement is $100 for the XLev and cTrader accounts, while up to $1,000 for the ILC account.
The ILC and cTrader accounts can enjoy raw spread from 0.0 pips, while the XLev account is commission-free.
If you are a beginner and do not want to deposit too much, you can choose the XLev or cTrdaer account based on your needs (raw spread or commission-free?).
If you have ever traded on forex and have some experience, you can consider the ILC account.
If you are a stock trader, you can have five account types to choose from, Sterling, Lightspeed, MT5, DAS, or Takion.
If you do not want to pay a software fee, the MT5 account is your only choice.
The DAS account requires a $180 software fee, while the other three account types require a software fee as high as $250.
Besides, the leverage on stock trading is not high, 1:5 or 1:6.
As for the commission, it starts from $0.1 per share for the MT5 account, while $0.05 per share for the other four account types.
Note: The $250 monthly fee represents the pricing on the desktop version only. Sterling Web/Mobile costs an additional $50 if bundled together and $70 for web/mobile only.
An all-in rate that includes clearing, regulatory, software, and market data charges. $0.1 is for the MT5 account without leverage.
If you are a futures trader, you can choose the MT5 or CQG account, with the minimum deposit requirement of $500 and $1,000 respectively.
The commission is $0.99 standard and $0.49 micro per contract per side.
However, note that the commission does not include:
Exchange fees: Vary by contract & exchange
Order routing: $0.25 per contract, per side
Monthly software fee: $25 on the CQC Desktop
Clearing fees: $0.80 standard and $0.45 micro per contract per side
Tradeview Demo Account Opening (Step by Step)
A Tradeview demo account is different from most brokers who only offer a unified demo account. On Tradeview, the demo accounts vary on the trading markets you choose. So, the demo account registration is kind of different, but overall, the process is clear.
Step 1: Visit Tradeview's website.
Step 2: Fill in the required information.
Step 3: Sign up with Google, Facebook, or email.
Step 4: Verify your email address.
Step 5: Fill in your email address and name.
Step 6: Select the trading market.
Step 7: Select your trading platform.
Step 8: Fill in other required information.
Step 9: Your demo account has been created!
You can follow the detailed step-by-step guide below:
Step 1: Go to Tradeview's official website and click on 'Get Started' or 'Get a demo account' or directly scan the OR code at the top right corner of Tradeview's homepage to open a demo account.
Step 2: Fill in the required info, including country of location and entity. Then click on 'Continue'.
Step 3: You can continue your Tradeview demo account registration with Google, Facebook or email. If you choose email, you are required to enter your email address and create your password. Then click on 'Continue'.
Step 4: Check your email box to find your six-digit verification code. Then click on 'Submit'.
Step 5: Fill in your first name and last name, then click on 'Continue'.
Step 6: Select the trading market that you want to trade, forex, stocks, or futures.
Step 7: Select your trading platform.
- Forex: If you select the forex market, then your platform can be MT4, MT5, or cTrader.
- Stocks: If you select stocks market, then your platform can be MT5, Sterling, Lightspeed, Takion, DAS, or API/FIX.
- Futures: If you select the futures market, then your platform is CQG.
Step 8: Fill in other required information.
- Forex: If you select the forex market and MT4/5 platform, then you are required to select the account type (ILC or XLeverage), currency type (USD, EUR, JPY, CAD, or GBP), leverage (1:1, 1:10, 1:50, 1:100, 1:200, or 1:400), and cash amount (10,000, 50,000, 100,000, 500,000, or 1,000,000).
If you choose the cTrader platform, then you don't need to choose an account type and the currency type does not include GBP. Others are the same as the MT4/5.
- Stocks: If you select the stock market and MT5 platform, then you are required to select leverage (1:1 or 1:5) and cash amount (10,000, 50,000, 100,000, 500,000, or 1,000,000).
If you select other trading platforms, then you do not need to select leverage and cash amount.
Click on 'Continue'.
Step 9: Now, your demo account has been created.
Click on 'Continue' to choose and download your trading platform, Windows or Webtrader.
Click on 'Continue' to finish your Tradeview demo account registration.
Tradeview Live Account Opening (Step by Step)
Like Tradeview demo accounts opening, Tradeview live account opening varies on the trading markets, too.
Step 1: Visit Tradeview's website.
Step 2: Prepare the required documents.
Step 3: Fill in personal details.
Step 4: Select your trading market.
Step 5: Fill in other required information.
Step 6: Verify your identity.
To be specific,
Step 1: Go to Tradeview's official website and click on 'Get Started' or 'Open a live account'.
Step 2: Before starting your Tradeview live account registration, please ensure that you have prepared the following documents:
- Government-issued photo ID
- Proof of residence
Tick the terms of the Client Agreement.
Then click on 'Continue'.
Step 3: Fill in personal details, including your email address, first name, last name, phone number, date of birth, country of birth, country of residence, state/province (optional), city, address, and postcode (optional).
Answer the question of whether you are a US citizen or a US resident for tax purposes. If your answer is 'Yes', then you cannot continue with your application. If your answer is 'No', then you can continue.
Click on 'Continue'.
Step 4: Select your trading market, forex and CFDs, stocks, or futures.
Step 5: Fill in other required information.
- Forex and CFDs: If you select the forex/CFDs market and the MT4/5 platform, then you can select your account type between ILC and XLev, and select your currency type between USD, EUR, JPY, AUD, CAD, CHF, GBP, and MXN.
If you select the cTrader platform, then the ILC account is your only choice and you can also select your currency type between USD, EUR, JPY, AUD, CAD, CHF, GBP, and MXN.
- Stocks: If you select the stock market, then you are required to select your trading platform (MT5, Sterling, Lightspeed, Takion, DAS, or API/FIX) and currency type (USD only).
- Futures: If you select the futures market, then you are required to select your trading platform (CQG or API/FIX) and currency type (USD only).
Then click on 'Continue'.
Step 6: Verify your identity. You need to prepare the following documents:
- Password
- Identity card
- Residence permit
- Driver's license
Choose your preferred ID verification method, use your phone's camera to scan the QR code or continue on your current device.
Then click on 'Continue' to follow the directions.
Broker Comparison: Tradeview vs Vantage
FAQs
Is Tradeview regulated?
Yes. Tradeview is regulated by the Labuan Financial Services Authority (LFSA) in Malaysia with license No. MB/19/0037.
Are my funds safe and segregated on Tradeview?
Yes. For the security of their clients' funds, Tradeview offers segregated accounts, regular audits, negative balance protection, and risk management tools.
Does Tradeview provide demo accounts?
Yes. Tradeview offers demo forex/stocks/futures accounts. You can find details in the 'Tradeview Demo Account' section.
Does Tradeview offer MAM/PAMM accounts?
Yes. Tradeview offers MAM accounts. You can click https://www.tvmarkets.com/en/services/multimam/ to learn more.
Which platforms does Tradeview offer?
Tradeview offers the MT4/5 and cTrader platforms.
How do I oen a Tradeview account?
You can click on 'Get Started' at the top right corner of Tradeview's homepage, then follow the directions to complete the account registration. Also, you can follow our step-by-step Tradeview account opening guide in the 'How do I Open a Tradeview Demo Account?' and 'How do I Open a Tradeview Live Account' sections.
Can I use different currencies to deposit into Tradeview?
Yes. Tradeview accepts USD, EUR, JPY, CAD, and GBP.
