Tradefair

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

What is Tradefair？

Tradefair is an online trading platform that operates in the United Kingdom. While they offer a diverse range of trading instruments across various asset classes, it is important to note that Tradefair does not have a valid regulation or oversight from a government or financial authority. It has been identified as a clone firm, which raises concerns about the safety and reliability of investing with them.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Tradefair Alternative Brokers

There are many alternative brokers to Tradefair depending on the specific needs and preferences of the trader. Some popular options include:

• AETOS - A global forex and CFD broker providing competitive trading services and advanced trading platforms to traders worldwide.

• Forex Club - A well-established forex broker offering a wide range of trading instruments, educational resources, and a user-friendly platform for traders of all experience levels.

• OctaFX - A leading online trading broker with a user-friendly platform and low trading costs, making it ideal for beginner traders.

Is Tradefair Safe or Scam？

The claimed United Kingdom FCA regulation (license number: 113942) is verified as a clone firm. Tradefair currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. Besides, the firm is regarded as a clone firm. It makes investing with them risky.

If you are considering investing with Tradefair, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.

Market Instruments

Tradefair offers a diverse range of trading instruments across various asset classes. Here is a breakdown of the instruments they provide:

• Equities: Tradefair allows you to trade stocks or shares of publicly listed companies. You can buy or sell individual company stocks or invest in a portfolio of stocks.

• Indices: Tradefair offers trading opportunities in stock market indices, such as the S&P 500, Dow Jones Industrial Average, or FTSE 100. Trading index CFDs allows you to speculate on the performance of a group of stocks.

• Commodities: Tradefair provides access to a wide range of commodities, including precious metals like gold and silver, energy commodities like oil and natural gas, agricultural commodities like wheat and corn, and industrial metals like copper.

• Forex: Tradefair enables you to trade in the foreign exchange market, where you can buy or sell currency pairs. Popular currency pairs include EUR/USD, GBP/USD, and USD/JPY.

• Bonds: Tradefair allows you to trade government bonds, corporate bonds, and other fixed-income securities. Bonds are debt instruments issued by governments, municipalities, and companies to raise capital.

• Interest rates: Tradefair offers trading opportunities on interest rate instruments like government bonds and interest rate futures. Changes in interest rates can impact various asset classes, and traders can speculate on these movements.

• Inflation: Tradefair provides instruments to hedge or speculate on inflation. Products like inflation-linked bonds or inflation futures enable investors to protect against or profit from changes in inflation rates.

Accounts

Tradefair offers a simple process for opening an account and provides a demo account option for clients. Here are the steps typically involved:

(1) Visit the Tradefair website:

Go to the Tradefair website and click on the “Open an Account” or similar button to begin the account opening process.

(2) Provide personal information:

Fill out the required information, which usually includes your name, email address, phone number, and country of residence. You may also need to choose a username and password for your account.

(3) Verify your identity:

To comply with regulatory requirements, you may need to provide proof of identification and address verification. This typically involves uploading scanned copies or photos of your identification documents (such as a passport or driver's license) and residence proof (such as a utility bill or bank statement).

(4) Complete the application:

Fill out any additional information required by Tradefair, such as your financial information and trading experience. This helps the platform tailor its services to your needs.

(5) Fund your account:

Once your account application is approved, you will need to deposit funds into your trading account. Tradefair usually provides several deposit options, including bank transfers, credit/debit cards, and online payment methods.

(6) Start trading with a demo account:

Tradefair often offers a demo account feature for clients. This allows you to practice trading without risking real money. The demo account typically simulates real market conditions and provides virtual funds for you to trade with.

Spreads & Commissions

When it comes to commissions on CFD equities, the rates vary depending on the market. For UK and most European equities, the commission charge is 0.1% of the consideration. For most US equities, the charge is 0.15%. Similarly, for most Asian equities, the commission charge is 0.2%. It's important to note that these rates are subject to change, and clients can find specific details on commission charges for individual equities in the Market Information sheets on the Advantage Trader platform.

As for spreads, Tradefair does not provide specific information about spreads on their website. However, spreads refer to the difference between the bid price and the ask price for a particular asset. Typically, brokerage firms aim to offer competitive spreads to ensure favorable trading conditions for their clients. It is recommended that individuals refer to the platform or contact Tradefair directly to obtain information about the spreads they offer.

Fees

Tradefair has specific policies and fees in place regarding deposits and withdrawals. When it comes to withdrawals, if the amount requested is under £5,000 and requires the use of the Clearing House Automated Payment system (CHAPS), a fee of £25 will be charged. However, for withdrawals above £5,000 or those that do not require CHAPS, no fees are applied.

For deposits made using a credit card, a fee of 1.5% is charged. On the other hand, deposits and transfers made using a debit card do not incur any charges.

In terms of inactivity fees, if there is no activity on an account for a period of 12 months or more, it is considered inactive. To determine activity, Tradefair defines it as placing a trade, applying an order, or maintaining an open position. In such cases, a monthly inactivity fee of £25 will be applied to inactive accounts, unless the cash balance is less than £25, in which case the fee will be equivalent to the cash balance. To reactivate an inactive account, clients need to provide up-to-date contact details and complete an Account Reactivation Form, which should be submitted to the New Accounts department. Tradefair's Account Management Team will then assess the account and communicate any further requirements or reactivate the account accordingly.

Tradefair offers central counterparty clearing through an Omnibus Segregated Clearing Account (OSCA) at no additional charge to all clients. However, if clients prefer to open an Individual Segregated Client Account (ISCA), certain fees apply. For individuals, an account opening fee of £13,000 is charged, along with account maintenance and transaction charges. For corporate entities, the charges include a £200,000 account opening fee, as well as account maintenance and transaction charges.

It's important to note that these fees and policies may be subject to change, and individuals should refer to the Tradefair website or contact their customer support for the most up-to-date and detailed information regarding deposit and withdrawal processes.

Trading Platforms

Tradefair offers its clients a highly customizable online trading platform called Tradefair Web. This platform is designed to provide a range of sophisticated and intuitive trading tools, enabling traders to maximize their trading experience.

One notable feature of Tradefair Web is its advanced charting package. Traders have access to multiple technical indicators and analytical tools, allowing them to perform in-depth technical analysis on various financial instruments. This helps traders make well-informed trading decisions based on market trends and patterns.

For traders who prefer to trade on the go, Tradefair also offers a mobile trading platform. This platform is compatible with iPhone, Android, iPad, Android Tablet, and Blackberry devices. Traders can check the latest prices and market movements instantly, ensuring they stay updated with real-time market information. The mobile platform also includes a comprehensive live streaming charting package, allowing traders to conduct technical analysis on their mobile devices.

See the trading platform comparison table below:

Trading Tools & Educational Resources

Tradefair provides a range of powerful trading tools to support their clients in making informed trading decisions.

• Charting:

One of the key tools offered is advanced charting. Traders can access different chart types, such as line charts, bar charts, and candlestick charts. These charts enable traders to visualize market data and identify price patterns and trends, helping them in their technical analysis.

• Technical Analysis:

Technical analysis is an essential aspect of trading, and Tradefair offers a variety of tools to assist traders in this area. Clients have access to numerous built-in technical indicators, which provide insights into market conditions and help identify potential entry and exit points. These indicators can include moving averages, oscillators, and trend lines, among others.

• Support and Resistance Levels:

Support and resistance levels are crucial areas that many traders pay close attention to. Tradefair's trading tools enable clients to identify and mark these levels on their charts. This helps traders make decisions based on the potential breakout or reversal of price at these key levels.

• Chart Patterns:

In addition to technical indicators and support/resistance levels, Tradefair also offers tools for recognizing chart patterns. Traders can identify patterns such as head and shoulders, double tops/bottoms, and triangles. These patterns can provide signals for potential trend reversals or continuations, helping traders to devise their trading strategies accordingly.

Customer Service

Tradefair offers live chat. With live chat, customers can get their questions answered quickly and receive help with any issues they may have. It's a convenient and effective communication channel that can improve customer satisfaction and increase sales.

Customers can visit their office or get in touch with customer service line using the information provided below:

Telephone: +44 (0) 20 7170 0941

Email: helpdesk@tradefair.com

Address: First Floor Moor House, 120 London Wall, London, EC2Y 5ET

Moreover, clients could get in touch with this broker through the social media, such as Twitter and Facebook.

Twitter: https://twitter.com/TradefairPlus

YouTube: https://www.youtube.com/user/tradefairplus

Whats more, Tradefair provides a Frequently Asked Questions (FAQ) section on their website to assist their clients with commonly asked questions and provide relevant information. The FAQ section aims to address common queries and concerns that investors may have regarding the company's services, processes, and investment opportunities. By offering this resource, Tradefair aims to provide transparency and clarity to their clients, helping them make informed decision.

Conclusion

In conclusion, Tradefair is an online trading platform based in the United Kingdom. However, it is important to note that Tradefair currently does not have valid regulation or oversight from a government or financial authority. The company has been identified as a clone firm, which raises concerns about the authenticity and legitimacy of its operations.

Frequently Asked Questions (FAQs)