Once again, we have a very interesting broker for you. This time, TraderVC is on the agenda, a company that primarily deals with CFDs. Now, these guys are located in London and are still relatively new, given that they only have about one year of experience, but we certainly believe they are worthy of your attention. The offer is versatile and well balanced, so you shouldn’t have any problems enjoying yourself here, especially if this is the type of trading that interests you. Even if it’s not, you should still give them a shot. Why?
Well, that’s what this TraderVC review will show you. Absolutely every important aspect of this website has been analyzed here, so just keep reading and you will find everything out.
Which TraderVC account type to choose?
Before you start trading here, you will have to open your TraderVC account. However, there are four different account types to choose from (Starter, Pro, Premium and Executive), so you have to know what you want before you can make your first move. Naturally, we are here to help you with that.
The first TraderVC account you can open is the Starter pack which immediately gives you access to all instruments and assets, but you also get your account manager right away. The Pro package adds alerts, signals and various bonuses into the mix, whereas the Premium package will also get you one risk-free trade each month. Finally, the last TraderVC account, Executive, will give you one additional risk-free trade every 30 days. What is interesting to note is that each package has its own training course. When it comes to making deposits, though, we will examine that more closely next. Stay with our Trader VC review for more interesting information.
TraderVC Account Types
Everything you need to know about TraderVC deposit
Yes, once you complete your first TraderVC login, you will need to do something to improve your account balance. This can be done in several different ways: wire transfers, Maestro, MasterCard, Visa Electron and Visa credit and debit cards, and Neteller, but Sofort, giropay and iDeal should also be available. This means all major deposit methods are covered, so you have quite a decent selection in front of you.
As for the numbers, you probably want to know about the minimum TraderVC deposit requirement. Well, it is set to 250 USD for all methods except wire transfers, which is a pretty average amount in the industry – nothing spectacularly low, but nothing too big, either. What is interesting to mention here is the fact that you can make your Trader VC deposit in EUR and GBP too, but the minimum deposit stays the same – 250 units of each of the currencies. For bank wire transfers, on the other hand, the minimum TraderVC deposit is 500 USD/GBP/EUR. The broker has indicated to us that more options in this respect may be coming soon, so be on the lookout if there’s something that would suit you even better.
We will say that there were no deposit fees when we were trading here, but keep in mind that the Terms and Conditions state that there may be a fee applied to deposits made by credit or debit card. We recommend you check this before funding your account. If you want to know how to transfer money in the opposite direction, the next paragraph of our TraderVC broker review will show you just that.
TraderVC Payment Methods
TraderVC withdrawal works just fine
Considering what we discussed in the paragraph before, it seems logical to go with TraderVC withdrawal as the next topic. First, we have to say that, as mentioned in our TraderVC Scam Test, everything worked just fine for us on this site. As most other companies in the industry, this broker will also ask you to withdraw funds via the same method (and in the same currency) you used to deposit them. If for some reason this cannot be done, the transaction will be made directly to your bank account.
As for the numbers, they are actually quite interesting. The minimum TraderVC withdrawal requirement is set to 100 USD/GBP/EUR, which is quite fair, given the size of the minimum deposit. However, here too the number is different if you opt for a wire transfer because in that case you will need to withdraw at least 500 units of any of the aforementioned currencies. Your first withdrawal each month will be free of any charges, whereas any subsequent withdrawals in the same month will have a 30 USD fee attached to them. This is all pretty standard procedure, so we don’t think anyone should have any complaints about it. Just remember that you will have to verify your identity before this transaction can be completed and that it can take up to 10 days (depending on where you are and which method you’re using) for the money to reach you. In essence, TraderVC withdrawal is exactly what you would expect, with no big surprises anywhere. However, things may change slightly when it comes to withdrawing bonus funds, but we will talk about that in the next part of TraderVC review.
TraderVC Withdrawal Procedure
What kind of TraderVC bonus can you get?
So, what about bonuses here? Do you get any kind of a boost from the broker? Yes, you do, but there are some things you need to keep in mind. Each TraderVC bonus that is offered to you will have a set of rules you need to abide by if you want to withdraw it. By this, we primarily mean meeting the turnover requirement, but it’s always a good idea to check for any other conditions, too.
The first thing we need to mention is the refer-a-friend bonus TraderVC will provide you with. It’s pretty straightforward: for each person you bring in, you get a prize as soon as that person creates an account and makes their first deposit. Simply use the form on the broker’s website to input your and your friend’s name and e-mail and that’s pretty much it.
Apart from that, the TraderVC bonus policy can bring you various promotions every now and again. They will last for a limited time and may have specific conditions attached to them, so inform yourself thoroughly before accepting. It is in this company’s nature to change the amounts and offers, which means you need to keep a close eye on what you’re offered at any given time. Once you have all your funds ready, though, you can head on over to the trading platform. There, you will find some rather interesting features. More on that in the next part of this TraderVC review.
TraderVC Refer A Friend
TraderVC has a great platform
The most essential part of every broker’s offer is their trading platform. This is simply something they cannot function without and something that plays a vital role when trying to assess the company’s quality. That’s why this TraderVC broker review cannot go without taking a look at how trades are executed on this website.
First, let’s take a look at the assets this platform allows you to choose from. There are well over 100 of them, with a wide variety of stocks, indices, currencies and commodities at your disposal. All of the world’s most popular assets are present here, including all the most famous cryptocurrencies. Yes, TraderVC bitcoin trades can also be made, so you can be sure you will always be on top of the latest trading trends. We should mention here that up to 10,000 GBP, USD or EUR can be invested per trade. Considering that you can win up to 81% on each of your investment, that’s really not a bad deal.
However, that is just the beginning of what Trader VC trading platform has to offer because there are five trading modes to choose from in total. Therefore, you have a huge number of choices in front of you, no matter how you look at it. However, what we found particularly interesting is the inclusion of social trading on the platform, something characteristic for the Panda trading software on which the platform here is based. Simply find a successful trader and follow their investments to get the same results as they do.
Finally, we would also like to draw your attention to some interesting tools TraderVC platform will provide you with. You have your trading calendar in front of you, but you can also follow the mood of other traders trading with this broker, which can turn out to be a pretty good indication of what to expect in the future. Naturally, you won’t be sentenced to sitting in front of your computer all day if you want to trade. To find out how to invest while on the move, just continue with our TraderVC broker review. We have a lot more to discuss.
The app is good, too
It goes pretty much without saying that you can trade on the go with this broker. TraderVC app can be downloaded from both Google Play Store and the Apple Store for free, providing you with everything the main platform has. However, what sets this product apart from many others of its kind is the fact that the TraderVC app allows you to follow other traders and copy their trades. That way, if you happen to know a person who is a particularly successful trader, you can simply mimic their investments with just a few taps. Furthermore, you can also use this app to open extremely short trades (lasting only 30 seconds, just like on the original platform), as you have access to a special trading mode called HYPER.
Thanks to its simple design, TraderVC app is also very easy to use, which further shortens the time you will need to react to an event or a market development. Just download it, enter your login information and access your account, that’s pretty much all you need to do to get started. As far as mobile trading apps go, this one really has a lot to offer and we sincerely recommend downloading it because it will allow you to become a much more flexible trader. However, we’re still not done with our TraderVC review – read on and see what else you need to be aware of.
Loads of educational materials
It’s always interesting to take a look at the educational section of a broker’s website. You can learn a lot there, and we don’t mean just about trading. TraderVC trading academy consists of several parts, but we would argue that the videos are its most important section. They are divided into several categories and cover all the basics, as well as some more advance topics, and there is also a group of videos dedicated solely to trading psychology. Many brokers overlook this important aspect of trading when it comes to their educational materials, so it’s a very pleasant surprise to see that so much attention is given to it.
Apart from TraderVC educational videos, you can also go over the glossary and learn more about CFD trading and trading in general. These texts are all pretty concise and simple, so you won’t waste any time learning what you need to know, which is certainly something that can be appreciated. Don’t forget that you can check out the FAQ page whenever you want if you need further clarification on something concerning this broker’s offer, but if you want more proof of their dedication, you need to keep reading this article. The next part of TraderVC review will show you how you can communicate with these people directly.
Many TraderVC contact methods to choose from
Every broker needs to have a reliable contact method through which it can communicate with its clients easily and help them solve their problems efficiently. You will see that this is indeed the case on this website because you have loads of ways to ask a question. More precisely, you can get in touch with them by phone, e-mail, live chat or one of several social networks this company is present on (Facebook, Google Plus, Twitter, Youtube and LinkedIn). But the social networks aren’t the only Trader VC contact method that includes a lot different options. Take phone numbers, for example – there are eight of them you can call, each for a separate country. Traders from the UK, South Africa, Hong Kong, Singapore, New Zealand and three major Nordic countries are all covered. E-mails also adhere to a similar TraderVC contact policy because you can write to four different addresses, depending on the nature of your inquiry. That helps speed things along significantly, and you also have a contact form already prepared on the website. Finally, we have to mention that the live chat also works perfectly, but you can’t use it on weekends, which is a slight disappointment, but nothing that would significantly bring our overall impression down. Is there anything that can do that? Find out in the next part of this TraderVC broker review.
Are there any TraderVC complaints?
You can see from the look of the article so far that we are generally pretty satisfied with the offer on this website. However, are there any major TraderVC complaints you need to worry about? Well, some people do feel that the minimum deposit could be lower, which is a completely justified opinion, but we don’t see that as a very big flaw because, as we have already said, 250$ is fairly average in the industry. We honestly don’t feel there are any reasons for TraderVC complaints when it comes to customer support and the trading platform here because both of these aspects of the website work splendidly. As a matter of fact, pretty much everything works without any problems, but if there’s one thing that could make traders change their mind about trading here, it’s the license. You see, this broker at the moment doesn’t have one, which is probably the biggest TraderVC complaint we (and some other people) have. However, since this is a relatively new broker, we can understand the lack of such document and we’re sure a license will be arriving very soon. We emphasize once again – there were absolutely no problems of any kind when we were trading here. Quite the contrary! But the analysis could not be considered complete nor fair if we failed to mention this.
So, what can we conclude about TraderVC?
And that concludes our TraderVC review. Trading here was certainly an interesting experience, from the login to the last withdrawal. What you get here is a fine selection of account types, great and versatile trading platform and various payment methods, all supported by a very capable group of people who can be contacted in numerous different ways. It is worth saying one more time that you have the option of social trading here, as well as the fact that it’s very easy to see how traders are feeling about a particular asset. This all makes the TraderVC platform very advanced, and the mobile app is just as good. The approach to education is particularly interesting, as the company focuses on videos as its main educational material, with a special emphasis on trading psychology. For a broker that has been on the market for only about a year, this is all pretty impressive, especially because we expect more interesting features to be added in the future. Because of all that, opening an account here could be a great investment decision. Do it now and get an edge on all other traders!
Author's overall rating:
Author: Ben Prescott
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