A lesson has to be completed in full to unlock the next lesson. Beginner traders may find this course to be of use in learning more about trading and CFDs.
TradeApp’s homepage also offers a ‘Support’ section which gives definitions to a wide range of trading terms, as well as answers to frequently asked questions. However, the support is lacking in tutorials on how to use their proprietary trading platform.
“The level of functionality offered by TradeApp’s proprietary TickTech Platform is more suited to beginner traders but offers some unique benefits to advanced traders as well.”
From our observations, the platform and services offered by TradeApp are far more suited to beginner traders. This is due to the three different levels users must go through to access the advanced features of the platform. While the company does not offer a demo trading account, the minimum capital required to start trading is relatively low at just €5.
Advanced traders may find using a browser-based platform easier in some areas but limited in others – especially for traders who are used to the more common MetaTrader trading platform which TradeApp does not offer.
Having said that, there are unique features that will interest both beginner and advanced traders such as having their first five trades protected against loss, as well as negative balance protection for professional traders, as stated on their website.
Is TradeApp regulated?
Yes, TradeApp is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA) of South Africa.
Where is TradeApp based?
TradeApp is headquartered in Nicosia, Cyprus.
How does TradeApp make money?
TradeApp makes money through the spreads and rollover fees of the CFD instruments they have available to trade.
How do I deposit in TradeApp account?
Funds can be deposited into a trading account by bank wire, credit card or through a variety of e-wallets like Skrill and Neteller.
What is the min. deposit for TradeApp?
The minimum deposit to open an level one Explorer account is €5.
How do I withdraw money from TradeApp?
Withdrawals can be made from TradeApp’s online trading platform or via a request by email.
What is the max leverage in TradeApp?
The maximum leverage is in line with European ESMA regulations. For retail clients the max. leverage is 1:30 and for professional clients, it is 1:200.
How do I open an account with TradeApp?
An account can be opened at the click of a button on the TradeApp website with just a name and email address.
Does TradeApp use MetaTrader?
No, TradeApp does not offer MetaTrader 4.
“TradeApp presents a unique offering for both beginner and advanced CFD traders on their own proprietary TickTech Platform.”
TradeApp offers traders the ability to trade on 138 CFD instruments across Forex, Stocks, Commodities, Indices and Cryptocurrencies. Beginner traders may enjoy the three levels of accounts on offer, with each advanced account offering new trading features that are unlocked after regular trading. Professional traders may enjoy the negative balance protection on offer, as advertised on their website.
TickTech Platform does lack some functionality to begin with, as the type of charts one can view and the orders one can use are limited. However, some may enjoy the browser-based platform that works across Windows and Mac desktops as well as Android and iOS.
TradeApp – through their operating company Depaho Ltd – is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA) of South Africa. Users may find it important to know that the operating company, Depaho Ltd, has been fined in the past by CySEC and their one and only liquidity provider Forex Capital Trading PTY Ltd is under review by the Australian financial regulator, the Australian Securities and Investments Commission (ASIC).
The brand itself offers a variety of online trading accounts, services and unique features designed for both beginner and advanced traders, such as:
- Explorer Accounts specifically for beginner traders, starting with just €5.
- Professional Accounts for advanced traders, offering 100% negative balance protection.
- 139 tradable CFD instruments in Stocks, Forex, Commodities, Indices, Cryptocurrencies and ETFs.
- A trading platform called the TickTech Platform which is compatible with Windows, Mac, Web, Android and iOS.
- They provide 100% protection on the first 5 trades (losses are covered by TradeApp, subject to terms and conditions).