The brokerage, which started running in 2020, closed its website on January 27, 2023.
TradedWell is the third CySEC broker to have encountered problems in the last 3 months.
TradedWell, one of the forex and
CFDs brokerage brands operated by Cyprus Investment Firm (CIF), Itrade Global, has
shut down its website, noting that it is “undergoing an operational
optimization process.” The retail broker closed the website on January 27, an alert on its website reads.
TradedWell's website now only shows this message.
Has TradedWell Shut Down?
TradedWell is run by Itrade Global, a CIF company licensed by the Cyprus Securities and Exchange Commission in 2016. Itrade Global operates two other brokerage brands: TradeFW
and InvestFW.
TradedWell started operating in
2020 and offered commission-free services. The company provided its clients with
market access to over 170 CFDs across a wide range of asset classes, such as
forex, stocks, indices, cryptocurrencies, precious metals and commodities.
Furthermore, the company offered
its retail traders access to CFDs through three trading platforms: WebTrader,
MetaTrader 4 and a mobile application. For mobile trading, the broker offered support
for Android and iOS operating systems.
However, on January 13, 2023,
TradedWell stopped its traders from opening new trading positions and halted the addition of new deposits to trading accounts on its platform. The broker would later shut down its website in
late January after giving its customers a deadline of January 27, 2023, to close
their trades and withdraw their funds.
Finance Magnates’ checked that the TradedWell app is no longer available on the Google Play Store and the
Apple App Store. A notification on the Google Play store’s page for TradedWell
reads: “This app is not available for any of your devices.”
The TradedWell mobile app is no longer available for download on the Google Play Store.
Finance Magnates also ran a check on other forex/CFDs brokerage brands run by Itrade Global. While the website of InvestFW remains active, that of TradeFW returns a sign-in dialogue box when run.
As of press time, Finance
Magnates is yet to receive a response from TradedWell on why it shut down its website and what the scope of the 'operational optimization process' is. This report will be updated when an official comment is received.
TradedWell Promises to Return Customer
Balances
Meanwhile, in the update on its website, TradedWell warned its traders that open positions not
closed after January 27, 2023, “will automatically be closed at market
conditions.” However, the broker promised any remaining balances will be returned
to traders in accordance with its terms and conditions and withdrawal policy.
“The Company will take all the
necessary measures to return any outstanding balances. Please be informed that
in the event where the Company will not be able to return your remaining
balances to the originally declared source, we will contact you via email to request
your bank account details to facilitate the processing of the withdrawal,” the website reads.
Meanwhile, CySEC disclosed on Thursday that it has slammed a €1 million fine on Itrade Global for multiple violations committed by its tied agent in Spain. According to the Cypriot financial watchdog, Itrade Global through the intermediary failed to take appropriate measures to identify and prevent or manage a conflict of interests, did not act fairly, honestly and professionally when providing investment services to clients, and did not ensure that all information addressed to clients was fair, clear and not misleading, among other violations.
Third CySEC Firm to Encounter Problem in 3 Months
Since the start of the year, at least two other forex/CFDs brokers with CySEC registration appeared to have encountered some problems with their business. Late last month, Finance Magnates learned from an industry source that brokerage firm Tixee has quietly shuttered its services. Tixee operated in the EU and across global markets with CySEC and Seychelles licenses.
However, we exclusively reported that M4Markets partially or fully acquired the operations of Tixee, and as a result, the latter was closing down its trading platform and offering its existing clients the option to transfer their accounts to M4Markets.
In the second case, Finance Magnates in January exclusively reported that UFX, a retail broker offering FX and CFDs trading services, appeared to have closed down its business. We accessed UFX's website from multiple regions including Europe, Asia, and Latin America, but the platform returned the same message: "UFX is no longer offering investment services to clients in this region." We also found that the broker is not allowing anyone to open a new account, irrespective of their jurisdiction.
Furthermore, Reliantco Investments Limited, the company that operated the UFX brand, also renounced its CIF license and is under examination by the regulator "for voluntary renunciation of the authorization."
Cyprus: A Popular Destination for FX Brokers
Cyprus is one of the most
popular jurisdictions for forex and CFDs brokerage companies. Since issuing its
first forex brokerage license to Windsor Brokers in 1988, the Island nation has
grown significantly, now accommodating hundreds of CIFs.
Tom Higgins, the Founder and CEO
of trading technology firm Gold-i, believes that the combination of
consolidation in the retail FX brokerage market and Cyprus’ position as a top
destination means it is inevitable to “see more CySEC registered brokers
chucking-in the towel.”
“As in all business, you need to
either provide a better or a differentiated service to thrive and survive. The
world just cannot support 1000s of brokers offering the same products to the
same markets,” Higgins told Finance Magnates.
TradedWell, one of the forex and
CFDs brokerage brands operated by Cyprus Investment Firm (CIF), Itrade Global, has
shut down its website, noting that it is “undergoing an operational
optimization process.” The retail broker closed the website on January 27, an alert on its website reads.
TradedWell's website now only shows this message.
Has TradedWell Shut Down?
TradedWell is run by Itrade Global, a CIF company licensed by the Cyprus Securities and Exchange Commission in 2016. Itrade Global operates two other brokerage brands: TradeFW
and InvestFW.
TradedWell started operating in
2020 and offered commission-free services. The company provided its clients with
market access to over 170 CFDs across a wide range of asset classes, such as
forex, stocks, indices, cryptocurrencies, precious metals and commodities.
Furthermore, the company offered
its retail traders access to CFDs through three trading platforms: WebTrader,
MetaTrader 4 and a mobile application. For mobile trading, the broker offered support
for Android and iOS operating systems.
However, on January 13, 2023,
TradedWell stopped its traders from opening new trading positions and halted the addition of new deposits to trading accounts on its platform. The broker would later shut down its website in
late January after giving its customers a deadline of January 27, 2023, to close
their trades and withdraw their funds.
Finance Magnates’ checked that the TradedWell app is no longer available on the Google Play Store and the
Apple App Store. A notification on the Google Play store’s page for TradedWell
reads: “This app is not available for any of your devices.”
The TradedWell mobile app is no longer available for download on the Google Play Store.
Finance Magnates also ran a check on other forex/CFDs brokerage brands run by Itrade Global. While the website of InvestFW remains active, that of TradeFW returns a sign-in dialogue box when run.
As of press time, Finance
Magnates is yet to receive a response from TradedWell on why it shut down its website and what the scope of the 'operational optimization process' is. This report will be updated when an official comment is received.
TradedWell Promises to Return Customer
Balances
Meanwhile, in the update on its website, TradedWell warned its traders that open positions not
closed after January 27, 2023, “will automatically be closed at market
conditions.” However, the broker promised any remaining balances will be returned
to traders in accordance with its terms and conditions and withdrawal policy.
“The Company will take all the
necessary measures to return any outstanding balances. Please be informed that
in the event where the Company will not be able to return your remaining
balances to the originally declared source, we will contact you via email to request
your bank account details to facilitate the processing of the withdrawal,” the website reads.
Meanwhile, CySEC disclosed on Thursday that it has slammed a €1 million fine on Itrade Global for multiple violations committed by its tied agent in Spain. According to the Cypriot financial watchdog, Itrade Global through the intermediary failed to take appropriate measures to identify and prevent or manage a conflict of interests, did not act fairly, honestly and professionally when providing investment services to clients, and did not ensure that all information addressed to clients was fair, clear and not misleading, among other violations.
Third CySEC Firm to Encounter Problem in 3 Months
Since the start of the year, at least two other forex/CFDs brokers with CySEC registration appeared to have encountered some problems with their business. Late last month, Finance Magnates learned from an industry source that brokerage firm Tixee has quietly shuttered its services. Tixee operated in the EU and across global markets with CySEC and Seychelles licenses.
However, we exclusively reported that M4Markets partially or fully acquired the operations of Tixee, and as a result, the latter was closing down its trading platform and offering its existing clients the option to transfer their accounts to M4Markets.
In the second case, Finance Magnates in January exclusively reported that UFX, a retail broker offering FX and CFDs trading services, appeared to have closed down its business. We accessed UFX's website from multiple regions including Europe, Asia, and Latin America, but the platform returned the same message: "UFX is no longer offering investment services to clients in this region." We also found that the broker is not allowing anyone to open a new account, irrespective of their jurisdiction.
Furthermore, Reliantco Investments Limited, the company that operated the UFX brand, also renounced its CIF license and is under examination by the regulator "for voluntary renunciation of the authorization."
Cyprus: A Popular Destination for FX Brokers
Cyprus is one of the most
popular jurisdictions for forex and CFDs brokerage companies. Since issuing its
first forex brokerage license to Windsor Brokers in 1988, the Island nation has
grown significantly, now accommodating hundreds of CIFs.
Tom Higgins, the Founder and CEO
of trading technology firm Gold-i, believes that the combination of
consolidation in the retail FX brokerage market and Cyprus’ position as a top
destination means it is inevitable to “see more CySEC registered brokers
chucking-in the towel.”
“As in all business, you need to
either provide a better or a differentiated service to thrive and survive. The
world just cannot support 1000s of brokers offering the same products to the
same markets,” Higgins told Finance Magnates.
Solomon Oladipupo is a journalist and editor from Nigeria that covers the tech, FX, fintech and cryptocurrency industries. He is a former assistant editor at AgroNigeria Magazine where he covered the agribusiness industry. Solomon holds a first-class degree in Journalism & Mass Communication from the University of Lagos where he graduated top of his class.
Typosquatting Goes Industrial: Why One Broker Registered Over 600 Domains
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
