TRADEiAM Broker Review

TRADEiAM Broker Review
Petar Nola
Not available. TRADEiAM is a new forex broker that seems to be targeting beginners. This is a brand of Vistabrokers CIF Ltd, a company registered in Cyprus and licensed by CySEC. We think their main strengths are very simple and visually appealing webtrader platform along with the mobile application. The TRADEiAM has also shown that... Read more
Not available. TRADEiAM is a new forex broker that seems to be targeting beginners. This is a brand of Vistabrokers CIF Ltd, a company registered in Cyprus and licensed by CySEC. We think their main strengths are very simple and visually appealing webtrader platform along with the mobile application. The TRADEiAM has also shown that some features at this point may be a bit too simplified for advanced traders. In any case the useful alternative for professionals is to use the MetaTrader platform where they will feel at home. This broker is not recommended - Try FXTM / ForexTime  and start from only $5 deposit!
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  1. Not available.

    TRADEiAM is a new forex broker that seems to be targeting beginners. This is a brand of Vistabrokers CIF Ltd, a company registered in Cyprus and licensed by CySEC. We think their main strengths are very simple and visually appealing webtrader platform along with the mobile application. The TRADEiAM has also shown that some features at this point may be a bit too simplified for advanced traders. In any case the useful alternative for professionals is to use the MetaTrader platform where they will feel at home.

    This broker is not recommended – Try FXTM / ForexTime  and start from only $5 deposit!

  2. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!

    Your capital is at risk
  3. TRADEiAM Special features

    TRADEiAM offers three types of accounts, with the lowest one starting at only €25. However, the minimum deposit is not the only thing that separates them. Many traders will notice that, apart from some obvious features that get offered as the user upgrades from one account to another, the nature of the account changes, from spreads based account to a commission based one.

    TRADEiAM Spreads Account

    • €25 deposit
    • up to 1:300 leverage
    • from 1.6 pips spread on Majors
    • negative balance protection
    • free ebook
    • analysis application access
    • no algo-trading allowed

    TRADEiAM Hybrid Account

    • from €1000 deposit
    • leverage up to 1:250
    • super low spread from 0.4
    • Commissions per 100000 volume – 7 €/$/£
    • Algo, scalping, hedging allowed

    TRADEiAM Commissions Only Account

    • from $5000 deposit
    • up to 1:100 leverage
    • spreads from 0
    • 8 €/£/$ commission
    • best education and news access
    • portfolio management

    Generaly, there are good and bad things about the way TRADEiAM set up their accounts. We like the low minimum deposit for beginners with pretty favourable leverage and spreads, however, we are not sure the more premium accounts will be competitive with pros.

    One thing we need to notice is the lack of the demo account at the moment. Since the broker is obviously just starting, it may be just a matter of time before they start offering it. We were offered a TRADEiAM promotion where all accounts that complete their profile get €/£/$ 25 free to trade. Terms and conditions apply, so make sure to check them out.

    Leverage is a bit limited in our opinion – meanwhile there are brokers offering much more than 1:300 on spreads account. With FXTM (ForexTime) you can get up to 1:1000 with certain kind of account.

    The signup process is fast and after entering basic information (email) one is taken directly to the trading area. We got stuck in that process, while using Safari on a Macbook Pro. It may be that Chrome is a better choice. However, we managed to solve this because the verification email which also includes the login details for webtrader and the MT platform also arrived so we entered the platform from there.

    The profile completion questionnaire is pretty much standard as with other brokers – you have to answer some standard questions about your previous trading experience and knowledge. This is there to give a warning to customers who may not have enough experience that trading is risky and they should understand what they are doing before investing real money.

    We also noticed a bit weird thing with one of the statements requiring True/False answer.

    It stated that leverage enables opening of a larger trade and thus increases the risk of loss. Actually, the risk of loss remains the same, however, the amount that the client stands to lose with leveraged products, such as CFDs, increases.

    TRADEiAM also has a promotion running. Clients can gather points and exchange them for awards, that range from travel, to Champions League tickets.

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  6. TRADEiAM Trading software

    The trading platform of TRADEiAM is maybe the most interesting part with this broker. TRADEiAM offers trading of CFDs based on Forex, Stocks and other types of assets through a novel interface. At this point the trader is initially presented with 4 big charts with analysis tools. The analysis tools are very basic, and that’s the maybe the biggest drawback of the platform. Zoom option can help only a bit since settings are limited to only three levels, which for pro traders just wont be enough detailed, especially for candlestick charts.

    TRADEiAM platform does have some strengths. They have implemented many features that will make it easier for beginners to react to various news and alerts coming from the financial markets. In this case, market events will be easier to trade in case you are that kind of trader. The idea is to get a notification about some report, like US employment reports, and immediately react on it according to results and trade EURUSD or some other currency pair or asset.

    MetaTrader is also available with TRADEiAM, so in case the webtrader app is not up to your liking, there is always a way to revert to the proven ways to trade.

  7. If you want to trade with an Automated Trading Robot, we recommended using FX Master Bot

  8. TRADEiAM Support information

    TRADEiAM being a licenced company has to have an office on Cyprus, where the regulator is. TRADEiAM registered address is 8 John Kennedy str. IRIS house, 5th floor, Office 540AB, 3106, Limassol, Cyprus. Trades can contact the customer support through email, website form and by calling them on their Cyprus number – +357 25 028777.

    Unfortunately, at this point there is no live chat function to make the whole process easier. The broker does have social media accounts with 100,000 followers, wo we guess the Facebook chat can be used as support replacement, but we have not tied it ourselves. We hope in the future as this broker ramps up their operations, they will also add more options to reach them.

  9. Try a simpler way of trading with FXMasterBot

  10. TRADEiAM Payment Methods

    TRADEiAM offers several payment methods. In order to deposit funds, customers can choose between credit and debit cards, account vouchers, fasa pay, Skrill and some other payment types.

     

    Accpeted cards are the popular ones, like Visa, MasterCard, Visa Debit, Visa Electron, MasterCard Debit, American Express, but they also support China Union Pay, JCB, Diners Club International, Carte Bleue, Carte Si, Dankort, Laser.

    Ewallets available are: Webmoney, Skrill, Cashu, Ukash, Ideal, Sporopay, Nordea Nettbank, LaCaixa Linea Abierta, MisterCash, EuTeller, Boleto, Poli, BPay, UnappliedTx, WebMoney, Gluepay, eKonto, Sofort, Banklink, GiroPay, Przelewy24, EPS, Ewire, Abaqoos, Multibanco, UseMyServices, Santander, Moneta, Instadebit, Fundsend, Teleingreso, Dineromail, Neosurf and Livekash.

    The minimum deposit is, as noted before €25.

  11. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is FXMasterBot, a trading software that lets YOU choose the broker and also provides fast, reliable and FREE trading signals!

    • Choice of reputable brokers
    • Free forex & crypto signals
    • Advanced trade settings

    Try a simpler
    way of trading
    with FXMasterBot

  12. Your capital is at risk
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