TradeFred provides three live trading accounts and a Demo account. It also offers an Islamic account version for any of the real money accounts. All trading accounts give traders convenient access to the three types of trading platform described below. Trading accounts at TradeFred are based on EUR/GBP/USD with the customer choosing the base currency at the time of registration.
Importantly, TradeFred ensures that customers can never lose more money than the equity in their accounts. This is done by the provision of negative balance protection.
TradeFred Demo Account
With a risk-free Demo account, TradeFred customers get $10,000 of virtual funds to practice trading in live market conditions on the authentic trading platform. Significantly, traders have unlimited access to their demo account at any time they want to practice, and they have a vast amount of educational material available to them for free. To set up a Demo account requires only a name, email and telephone number.
TradeFred Basic Account
With a minimum deposit of $£€100, clients can open a basic account with access to E-books and educational videos. However, there isn’t a personal account manager, and customers don’t enjoy especially narrow spreads or free signals.
TradeFred Standard Account
A minimum deposit of £$€500 opens a Standard account at TradeFred. It’s gives access to E-books, educational videos, narrower spreads and free trading signals, which can be very helpful on a busy trading platform.
TradeFred VIP Account
To be a VIP account holder, a minimum deposit of £$€5,000 is required. Traders get all the features included in the Standard account plus a personal account manager.
The Islamic account can be created upon request to customer support, for any of the live trading accounts described above. The account is configured by TradeFred to conform to Sharia Law by removing any speculative aspects including swaps. Additionally, clients with Islamic accounts have the benefit of a specialist Islamic account manager.
TradeFred Leverage Policy
The brokerage offers clients up to 1:50 leverage on Forex and CFD trading by default. However, clients can apply for a higher leverage limit by completing the ‘Leverage Change Request’ form on the Leverage Policy page and sending it to the dealing desk for approval.
Social Trading at TradeFred
Customers at TradeFred are provided with the opportunity to enjoy Social Trading irrespective of their skill levels, whilst remaining anonymous to other traders. Not only are traders given the tools to copy trades done by successful traders called ‘Masters’, but can share thoughts and wisdom with their peers, in the live discussion spaces on the website. It’s important to realise that Social Trading can be risky and traders wishing to participate are asked questions by TradeFred to assess their suitability. Similarly, traders chosen by TradeFred to be the ‘Masters’ for other traders to copy, are selected according to stringent criteria, putting the interests of investors first.