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Contract reading

What Trade W legally published, but does not want you to read

Every clause below is published by Trade W itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on . We have read it 2 times.

Contracting entity: Tradewill Global LLC

cost disclosurecounterpartyhidden feeoffshoreaccount closureconflictdisputedormancyforum waiverjurisdiction

Trade W is two companies and nothing tells you which one holds your money. One is licensed in Seychelles, the other is only registered in Saint Vincent. The contract allows a withdrawal fee of up to 4.5% where you have not traded enough. It also lets Trade W take back profits it decides came from a pricing error. Its own fee page says a withdrawal costs $1.

Back to Trade W

Contract risk

Money at risk
8.5/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
5
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
22
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
3
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
10

How the 22 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical5
Warning14
Notice3

section 77 of 82is where the deepest clause sits, 94% of the way into the document it is in

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

3 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical4.5%Fee you were not shown. Jump to the clause this comes from.Withdrawal fee up to 4.5% for trading too littleCritical2In the contract. Jump to the clause this comes from.Two companies share the brand and one names the wrong countryCritical7 daysAccount limit. Jump to the clause this comes from.Trade W can declare you in default to protect itself90 working daysTime to complain. Jump to the clause this comes from.Four complaint deadlines, the longest ninety business days

What the documents say

22 clauses worth knowing about, worst first, each quoted from Trade W's own files

01

Take your money out after a quiet six months and Trade W can charge 4.5% of it. Clause 2.9.1 ties the fee to how long you went without enough trading. Two trades a month counts as enough.

Why this matters

On a $10,000 withdrawal that is $450, charged for the months you did not trade. The longer you stay out of the market, the more it costs you to leave.

Exhibit 1CriticalHarder than usual4.5%

The Company reserves a right to raise commission on withdrawal up to 4.5% in case there is no sufficient trading activity between last deposits and withdraw request which the customers will be given prior notice of.
Clause 2.9.1 in TRADEWILL GLOBAL LLC Client Service Agreement, p.11
Read from the broker's site on Open the reference

Where it sits: section 19 of 82 in the TRADEWILL GLOBAL LLC Client Service Agreement, near the start.

What it costsDeposit $10,000, trade once, then ask for it back seven months later. Clause 2.9.1 allows a 4.5% commission, which is $450, so $9,550 reaches you.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
1 month to 3 monthsTrade W can take 2% of the amount you withdraw.2.9.1
3 months to 6 monthsThe rate rises to 3%.2.9.1
More than 6 monthsThe rate rises to 4.5%.2.9.1
  • Worse together with Exhibit 12Your documents have to be accepted before any payout starts, and the percentage then applies to what you asked for.
02

Trade W is two companies: Tradewill Global Limited in Seychelles and Tradewill Global LLC in Saint Vincent and the Grenadines. Each publishes its own client agreement, and nothing on the legal page tells you which one you sign with.

Why this matters

The two contracts are not the same deal, and only one of the companies answers to a regulator. The LLC agreement also calls the LLC a Seychelles company, so you cannot trust it on which country you are dealing with.

Exhibit 2CriticalRarely seen2

Tradewill Global LLC is a brokerage company registered in Saint Vincent and the Grenadines under registration number 1365 LLC 2021.
Quoted in Legal Statement
Read from the broker's site on Archived copyOpen the reference
Our own capture of tradewill.com, taken on Oct 16, 2026Two companies share the brand and one names the wrong countryVisit this page on the broker's siteDownload the full size image file

Where it sits: section 6 of 83 in the Legal Statement, near the start.

Our readingGroups with two entities are common offshore. A client agreement that states the wrong country of incorporation for its own company is not, and here the same company is called Seychellois in one document and Saint Vincentian in another.

  • Worse together with Exhibit 16Neither agreement names a governing law, so the misstated country of incorporation is the only steer either contract gives you.
  • Worse together with Exhibit 11One company is licensed and the other is not, so which contract you were given decides whether any regulator is involved.
03

Trade W can take back trading profits you already made, if it decides you exploited a pricing error. The clawback reaches back to the start of your account. Its price list adds that trades it treats as arbitrage may be revoked without notice.

Why this matters

A payout you were counting on can shrink back to your deposit. Trade W decides what counts as exploiting an error, and nothing in the clause limits how far back it can look.

Exhibit 3CriticalHarder than usual

Provided that the Company can document that there on the time of the conclusion of the trade were errors in prices, commissions, or in the TP, and provided the Company can render probable that the Customer, based on its trading strategy or other provable behavior, deliberate and/or systematically has exploited or attempted to exploit such an error, the Company is entitled to take one or more of the following countermeasures:
Clause 3.13 in TRADEWILL GLOBAL LIMITED Client Service Agreement, p.17
Read from the broker's site on Open the reference

Where it sits: section 27 of 82 in the TRADEWILL GLOBAL LIMITED Client Service Agreement, 33% of the way through.

Our readingClawback clauses aimed at arbitrage are common. This one is written with no time limit, though it does require Trade W to document the price error and show the client exploited it deliberately or systematically.

  • Worse together with Exhibit 4The spread is never revealed, so you cannot check the pricing error the clawback is built on.
04

Trade W builds its own pay into the price it quotes you. The contract says that amount will not be shown on your trade confirmation or revealed to you at all. It is also under no duty to say what it earned.

In plain words

Remuneration means payments it receives.

Why this matters

You cannot work out what a trade cost you, because the biggest part of the cost is inside the price. Comparing Trade W with another broker on price is not possible from what it publishes.

Exhibit 4CriticalHarder than usual

the Customer acknowledges, recognizes and accepts that said spread constitutes remuneration to the Company and that such spread not necessarily can be calculated for all Contracts and that such spread will not be specified at the Settlement/Trade Confirmation or otherwise revealed to the Customer.
Clause 12.9 in TRADEWILL GLOBAL LIMITED Client Service Agreement, p.33
Read from the broker's site on Open the reference

Buried at section 49 of 82 in the TRADEWILL GLOBAL LIMITED Client Service Agreement, 60% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give a retail client the costs and charges of a deal before they trade, in cash terms as well as percentages. This contract says the spread is the firm's pay and will not be revealed.

Trade W is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 17The one cost that is written down, commission, is written down twice at different rates, so neither half of the price is settled.
05

You are in default whenever Trade W reasonably considers it necessary for its own protection. Once it says so, it can sell your collateral and assets and close everything out, with no court order.

Why this matters

Your positions can be sold while you are still in profit, on a test that is Trade W's own view of its risk. You get 7 days notice before it sells, unless it decides a faster sale limits a loss.

Exhibit 5CriticalHarder than usual7 days

If the Company reasonably considers it necessary for its own protection or the protection of its associates.
Clause 17.4 in TRADEWILL GLOBAL LIMITED Client Service Agreement, p.39
Read from the broker's site on Open the reference

Buried at section 58 of 82 in the TRADEWILL GLOBAL LIMITED Client Service Agreement, 71% of the way through.

  • Worse together with Exhibit 9Assets already pledged or lent to a third party can be sold the moment Trade W declares a default.

The spreads and withdrawal times advertised appear in no Trade W document

Trade W advertises spreads from 0.0 pips and 20 minute withdrawals in five languages. The one price list it publishes shows 7 on EUR/USD and nothing at zero. All fourteen legal documents are in English, and the agreement says only the English version binds you.

Language and claims2 clauses flagged

Trade W advertises spreads from 0.0 pips on its homepage, its account page and its FAQ. The one price list it publishes shows 7 on EUR/USD, and no instrument at zero anywhere in the table.

Why this matters

The spread is what you pay to open a trade. The figure you were shown before signing up appears in no document Trade W publishes.

Exhibit 19WarningHarder than usual

EURUSD Euro vs US Dollar 7 9 $3 (per lot side) -8 -0.9
Clause ECN BLADE in TRADEWILL GLOBAL LIMITED Cost and Charges Policy / Product Specifications, p.9
Read from the broker's site on Open the reference

Buried at section 28 of 37 in the TRADEWILL GLOBAL LIMITED Cost and Charges Policy / Product Specifications, 76% of the way through.

  • Worse together with Exhibit 4The advertised figure is unverifiable because the contract says the spread you actually pay is never revealed.

Trade W runs its site in Portuguese, Thai, Indonesian, Chinese and Indian English. All fourteen legal documents are in English, and the agreement says only the English version binds you.

Why this matters

You can be sold an account in your own language and then held to terms you cannot read. A translation, if you are given one, does not count.

Exhibit 20WarningHarder than usual

The original English versions shall be the only legally binding versions for the Customer and the Company.
Clause 26.13 in TRADEWILL GLOBAL LIMITED Client Service Agreement, p.50
Read from the broker's site on Open the reference

Buried at section 75 of 82 in the TRADEWILL GLOBAL LIMITED Client Service Agreement, 91% of the way through.

What a trade costs you is in no document Trade W publishes

Trade W can charge up to 4.5% of a withdrawal where you have not traded enough. Its contract says the spread you pay is the firm's own pay and will never be revealed to you. Its two price lists charge $3 and $15 a lot for the same trade, and its website quotes a third figure.

Cost disclosure1 clause flagged

The Seychelles price list charges $3 a lot each way. The Saint Vincent price list charges $15 for the same trade, five times as much. Nothing tells you which list your account runs on.

Why this matters

On ten round turn lots a month the difference is $240 out of your balance. You cannot tell at signup which of the two price lists applies to you.

Exhibit 17WarningHarder than usual$15

EURUSD Euro vs US Dollar 7 9 $3 (per lot side) -8 -0.9
Clause ECN BLADE in TRADEWILL GLOBAL LIMITED Cost and Charges Policy / Product Specifications, p.9
Read from the broker's site on Open the reference

Buried at section 28 of 37 in the TRADEWILL GLOBAL LIMITED Cost and Charges Policy / Product Specifications, 76% of the way through.

What it costsOne lot of EUR/USD opened and closed costs $6 on the Seychelles list and $30 on the Saint Vincent list. Ten lots a month is $60 against $300.

Trade W decides when your positions close and when you are in default

An event of default includes anything Trade W reasonably considers necessary for its own protection, and it can then sell what you hold with no court order. Two current documents give different margin levels for closing your trades, 30% and about 10%. The list of countries it refuses to serve is left open ended.

Control of your account2 clauses flagged

Trade W names nine places it does not serve and puts the word including in front of them, so the list is not closed. One entry is Europe as a whole.

Why this matters

You can open an account, deposit, and later be told your country was never allowed. The wording leaves room to add yours without changing the page.

Exhibit 13WarningHarder than usual9

The aforementioned entities do not offer services to residents of certain jurisdictions, including the United States, the United Kingdom, Europe, Canada, the Democratic People's Republic of Korea, Myanmar, Russia, Israel and the Islamic Republic of Iran.
Quoted in Legal Statement
Read from the broker's site on Archived copyOpen the reference

The Seychelles price list says your positions are closed out at a margin level of 30%. The Seychelles risk disclosure says Trade W starts closing them at about 10%. Both documents are current.

Why this matters

The level where your trades are shut is the difference between losing part of your money and most of it. Trade W publishes two answers and does not say which one its platform uses.

Exhibit 18WarningRarely seen30%

Margin call is 50%. Stop-Out (or liquidation MT4 margin level) is 30%.
Clause FOREX Information, Margin Call/Stop-Out in TRADEWILL GLOBAL LIMITED Cost and Charges Policy / Product Specifications, p.5
Read from the broker's site on Open the reference

Where it sits: section 15 of 37 in the TRADEWILL GLOBAL LIMITED Cost and Charges Policy / Product Specifications, 41% of the way through.

Our readingBrokers normally publish one stop out level and hold to it, because it is the number that decides when a losing position is closed. Trade W publishes two different levels for the same company, and its other company does the same with 30% and 20%.

  • Worse together with Exhibit 5Trade W can also close positions at its own discretion before any published level is reached.

Trade W sets its own deadline for answering you, up to ninety business days

The Seychelles complaints policy allows 90 business days for a complaint it calls grossly complicated, more than four months. Three other Trade W documents give 21, 30 and 7 business days for the same job. A statement you do not challenge immediately counts as agreed.

Complaints2 clauses flagged

Trade W gives itself up to 90 business days to answer a complaint it calls grossly complicated. That is more than four months. Its other three documents promise 21, 30 and 7 business days for the same job.

Why this matters

You cannot take the matter to the Seychelles regulator until Trade W has finished, so the deadline it sets itself is the deadline on your money. Which one applies depends on which document you happen to read.

Exhibit 6WarningHarder than usual90 working days

For grossly complicated complaints, this period may be extended up to a maximum of ninety (90) business days from the date the complaint was lodged.
Clause 3.4.3 in TRADEWILL GLOBAL LTD Complaints Handling Policy, p.9
Read from the broker's site on Open the reference

Where it sits: section 40 of 102 in the TRADEWILL GLOBAL LTD Complaints Handling Policy, 39% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must answer a retail complaint within eight weeks and point the client to an independent ombudsman if they are unhappy. Trade W can take 90 business days and the only escalation it offers is the Seychelles regulator or a local court.

Trade W is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 7You must object to a statement immediately, then wait up to 90 business days for the answer.

Every statement and trade confirmation Trade W sends is treated as correct unless you write back immediately. The contract never says how long immediately is. An email counts as received by you the moment Trade W sends it.

In plain words

A manifest error means an obvious mistake by the broker.

Why this matters

Spot a wrong charge a week later and Trade W can say you already accepted it. A message that never reaches your inbox still counts as delivered to you.

Exhibit 7WarningHarder than usual

Such documents shall, in the absence of manifest error, be deemed conclusive unless the Customer notifies the Company in writing to the contrary immediately after having received such document.
Clause 7.4 in TRADEWILL GLOBAL LIMITED Client Service Agreement, p.26
Read from the broker's site on Open the reference

Where it sits: section 39 of 82 in the TRADEWILL GLOBAL LIMITED Client Service Agreement, 48% of the way through.

Two companies share the brand and neither contract names a governing law

Trade W is Tradewill Global Limited in Seychelles and Tradewill Global LLC in Saint Vincent. The LLC's own client agreement calls it a Seychelles company. Neither agreement says which country's law governs it or where a dispute would be heard.

Who you contract with2 clauses flagged

Neither client agreement says which country's law applies or where you would sue. The Seychelles version defines Court as the Supreme Court of Seychelles and then never sends a dispute there.

Why this matters

If you need to take Trade W to court, the contract does not tell you where. You would be arguing that question before you could argue your case.

Exhibit 16WarningRarely seen

"Court" means the Supreme Court of the Republic of Seychelles;
Clause Table of Definitions and Interpretations in TRADEWILL GLOBAL LIMITED Client Service Agreement, p.5
Read from the broker's site on Open the reference

Where it sits: section 9 of 82 in the TRADEWILL GLOBAL LIMITED Client Service Agreement, near the start.

Our readingAlmost every retail client agreement names a governing law and a court, because both sides need to know which rules apply. These two name neither, and the only court named anywhere sits in a definition the agreement never uses.

The contents page of the Seychelles client agreement lists a section belonging to TRADE VISION MARKETS LIMITED. The body of the same agreement names Tradewill Global Limited in that spot.

Why this matters

The contract you sign was built from another firm's document and the editing was not finished. It is a reason to read the rest of it closely rather than assume it was written for you.

Exhibit 21NoticeRarely seen

TRADE VISION MARKETS LIMITED'S COUNTERPARTIES
Clause Table of Contents in TRADEWILL GLOBAL LIMITED Client Service Agreement, p.1
Read from the broker's site on Open the reference

Where it sits: section 2 of 82 in the TRADEWILL GLOBAL LIMITED Client Service Agreement, near the start.

Our readingA client agreement that still carries a different company's name in its own contents page is evidence it was copied from a template. The Saint Vincent version shows the same thing by promising to notify a regulator that does not supervise it.

Your money waits until Trade W is satisfied with your paperwork

Trade W sets no deadline for sending verification documents and will not pay out until they are accepted. It gives itself 24 hours to review them, and no document says how long the payment then takes. The privacy policy's address for deleting your data cannot receive mail.

Documents and data2 clauses flagged

Trade W sets no deadline for sending your identity documents, but it will not pay out until they arrive and are reviewed. It gives itself 24 hours to look at them.

Why this matters

Your money stays with Trade W until it is satisfied with your paperwork. No published document says how long the payment itself then takes.

Exhibit 12WarningStandard wording

TradeW does not limit the time for the Client to submit their verification documents, however submitting them is an obligatory requirement for the Client to withdraw their funds.
Quoted in Anti Money Laundering (AML) Policy
Read from the broker's site on Open the reference
Our own capture of tradewill.com, taken on Oct 16, 2026The claim, on English homepage, Fast and Convenient Fund Transfers blockThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Our own capture of tradewill.com, taken on Oct 16, 2026What the contract saysVisit this page on the broker's siteDownload the full size image file

Buried at section 53 of 85 in the Anti Money Laundering (AML) Policy, 62% of the way through.

  • Worse together with Exhibit 1The document check has to clear first, and the trading activity fee is then applied to whatever you asked for.

The privacy policy sends your access, correction and deletion requests to an address written as dpo@Trade W.com. The space in the middle means no mail can reach it. The policy was last updated in November 2021.

Why this matters

The only route the policy gives you for deleting your data does not work. The same policy also names a company address that the legal page does not use.

Exhibit 15NoticeHarder than usual

If you wish to do any of these things, please contact dpo@Trade W.com.
Clause 10 in Privacy Policy
Read from the broker's site on Open the reference

Buried at section 46 of 66 in the Privacy Policy, 70% of the way through.

Trade W can take the other side of your trade and keep what it makes

In the markets where Trade W makes its own prices it may hold positions against yours, and it warns the profits may be considerable next to your margin. The assets you deposit can be pledged or lent to third parties with the income kept. The partner who referred you can earn up to $10 a lot, and none of it shows on your confirmation.

Whose side it is on3 clauses flagged

In the markets where it makes its own prices, Trade W can take the other side of your trade. It tells you it will seek to profit from doing so, and that the profit may be considerable next to your margin deposit.

Why this matters

When you lose, the company that quoted your price can be the one that wins. Nothing in the contract requires it to pass your order to anyone else.

Exhibit 8WarningStandard wording

The Customer accepts that the Company in such markets where the Company acts as Market Maker, may hold positions that are contrary to positions of the Customer, resulting in potential conflicts of interest between the Company and the Customer, cf. Clause 15.
Clause 12.6 in TRADEWILL GLOBAL LIMITED Client Service Agreement, p.33
Read from the broker's site on Open the reference

Buried at section 49 of 82 in the TRADEWILL GLOBAL LIMITED Client Service Agreement, 60% of the way through.

With your consent, Trade W can pledge or lend the assets you deposited to a third party, to cover its own obligations. Any income it earns from doing that is not accounted for to you.

Why this matters

Money you think is sitting in your account can be working as security for someone else's debt. If it earns anything, you do not see it.

Exhibit 9WarningHarder than usual

The Company is with the Customer's specific consent entitled to:
Clause 5.8 in TRADEWILL GLOBAL LIMITED Client Service Agreement, p.22
Read from the broker's site on Open the reference

Where it sits: section 34 of 82 in the TRADEWILL GLOBAL LIMITED Client Service Agreement, 41% of the way through.

Trade W offers partners up to $10 for every lot the people they refer trade. The contract lets that partner deduct its own fees from your account, and says the amounts will not appear on your trade confirmations.

Why this matters

Whoever sent you to Trade W earns more the more you trade, and you cannot see what they earned. The contract says judging whether that still makes trading worthwhile is partly your job.

Exhibit 22WarningHarder than usual$10

The Customer is also specifically made aware that the Customer's agreement with its IB may result in additional costs for the customer because the IB can deduct commissions and fees as well as price or interest/financing rate adjustments for any trade conducted on or allocated to the Customer's account either by the IB or the Customer.
Clause 16.3 in TRADEWILL GLOBAL LIMITED Client Service Agreement, p.37
Read from the broker's site on Open the reference
Our own capture of tradewill.com, taken on Oct 16, 2026The claim, on English partnership page, Why Choose to Partner with Us sectionVisit this page on the broker's siteDownload the full size image file

Buried at section 55 of 82 in the TRADEWILL GLOBAL LIMITED Client Service Agreement, 67% of the way through.

  • Worse together with Exhibit 4Neither the spread nor the partner's share is shown, so no part of what you paid is visible on the confirmation.

One licence is advertised and the second company behind the brand has none

Seychelles FSA licence SD111 belongs to Tradewill Global Limited. Tradewill Global LLC has a Saint Vincent registration number and no licence, though its own risk disclosure claims a foreign exchange trading licence. No Trade W document promises segregated client accounts, a compensation scheme or negative balance protection.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

What stands behind your money2 clauses flagged

Nothing Trade W publishes promises to keep your money in a separate client account, and no compensation scheme is named. The contract says instead that getting your money back depends on the law where its counterparty sits.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Why this matters

If Trade W fails, you are an ordinary creditor of an offshore company. A loss that takes your account below zero also stays your debt, because no document here promises to write it off.

Exhibit 10WarningStandard wording

Failing to comply with a request for a deposit of additional funds, may result in closure of your position(s) by the Company on your behalf and you will be liable for any resulting loss or deficit.
Clause Appendix 1, 1.1 in TRADEWILL GLOBAL LIMITED Client Service Agreement, p.52
Read from the broker's site on Open the reference

Buried at section 77 of 82 in the TRADEWILL GLOBAL LIMITED Client Service Agreement, 94% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus), ESMA (EU)

Firms licensed by the FCA or CySEC must hold retail client money in segregated accounts, belong to a compensation scheme, and cap a retail client's loss at the money in the account. None of those three appear anywhere in what Trade W publishes, and its best execution policy lists negative balance protection as something it looks for in its own trading partners.

Trade W is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

The homepage says Trade W is licensed by the Seychelles regulator under licence SD111. That licence belongs to Tradewill Global Limited. The other company, Tradewill Global LLC, has a Saint Vincent registration number and no licence on the legal page.

Why this matters

If your account sits with the LLC, no regulator supervises the firm holding your money. The Seychelles complaint route named in the other contract is not open to you.

Exhibit 11WarningHarder than usual

TradeWill Global Limited is registered in Seychelles under registration number 8430716-1. Regulated by the Seychelles Financial Services Authority (FSA), it holds a Securities Dealer License under license number SD111.
Quoted in Legal Statement
Read from the broker's site on Archived copyOpen the reference
  • Only applies after Exhibit 2Which licence covers you depends entirely on which of the two companies you were signed up with, and that is never stated.

Small idle accounts are switched off after ninety days

An account with no activity for 90 days and ten euros or less can be archived or disabled by Trade W. Restoring it produces a statement, not a working account. The balance can be moved to a new account, which is better than most dormancy clauses.

In plain words

Dormancy means an account left unused.

Dormancy1 clause flagged

An account with no trading or payments for 90 days and a balance of ten euros or less can be archived or switched off. You can still move the balance to a new account.

Why this matters

A small balance you left behind stops being usable until you open another account and transfer it across. Restoring the old one produces a statement, not a working account.

Exhibit 14NoticeStandard wording90 days

The Company reserves the right to archive or disable the Customer Account that is inactive (no trading and/or deposit/withdrawal activity) for at least ninety (90) calendar days and has a balance of equal or less than ten (10) euros or equivalent in other currencies.
Clause 4.12 in TRADEWILL GLOBAL LIMITED Client Service Agreement, p.20
Read from the broker's site on Open the reference

Where it sits: section 30 of 82 in the TRADEWILL GLOBAL LIMITED Client Service Agreement, 37% of the way through.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The fee page puts a withdrawal at $1 while the client agreement allows up to 4.5% of the amount you take out.

Said in public, in English

The withdrawal fee is $1 per order.

English FAQ page, answer to the question Is Trade W Transparent with Their Fees?

In the contract · clause 2.9.1

The Company reserves a right to raise commission on withdrawal up to 4.5% in case there is no sufficient trading activity between last deposits and withdraw request which the customers will be given prior notice of.

02

Trade W calls fee transparency its priority while the contract says the largest cost, the spread, is never revealed to you.

Said in public, in English

At Trade W, transparency is of utmost importance to us, especially when it comes to fees.

English FAQ page, answer to the question Is Trade W Transparent with Their Fees?

In the contract · clause 12.9

the Customer acknowledges, recognizes and accepts that said spread constitutes remuneration to the Company and that such spread not necessarily can be calculated for all Contracts and that such spread will not be specified at the Settlement/Trade Confirmation or otherwise revealed to the Customer.

03

The homepage advertises spreads from zero while the only published price list shows 7 on EUR/USD and nothing at zero.

Said in public, in English

Access leading assets with spreads from 0.0 pips, low and transparent commissions.

English homepage, Multiple Assets One Platform section

In the contract · clause ECN BLADE

EURUSD Euro vs US Dollar 7 9 $3 (per lot side) -8 -0.9

04

The FAQ gives a commission of $10 or $15 a lot, a figure that matches neither of the two price lists Trade W publishes.

Said in public, in English

Traders are charged a commission of either $10 or $15 per 1 lot, depending on the selected variety.

English FAQ page, answer to the question Is Trade W Transparent with Their Fees?

In the contract · clause ECN BLADE

EURUSD Euro vs US Dollar 7 9 $3 (per lot side) -8 -0.9

05

The homepage promises a 20 minute withdrawal while the AML policy takes 24 hours just to review the documents that must clear first.

Said in public, in English

Deposits in as little as 60 seconds and efficient 20-minute withdrawals, ensuring fast and secure fund transfers, so you can focus on your trades.

English homepage, Fast and Convenient Fund Transfers block

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of tradewill.com

In the contract

TradeW undertakes to review the submitted documents within 24 hours from the date of receiving them.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of tradewill.com

06

The account page says every strategy is allowed while the price list bans arbitrage and lets Trade W revoke those trades.

Said in public, in English

All Strategies Allowed

English MT4 Standard Account specification table

In the contract · clause Important Notice

TRADEWILL GLOBAL LIMITED does not permit the practice of arbitrage when trading Contracts for Difference (CFDs).

07

The homepage presents one Seychelles licence as covering Trade W while the second company behind the brand has only a registration number.

Said in public, in English

Licensed by the Seychelles Financial Services Authority (FSA) (License No.: SD111), compliant with international standards in ensuring safety and trust.

English homepage, Global Regulatory Compliance block

In the contract

Tradewill Global LLC is a brokerage company registered in Saint Vincent and the Grenadines under registration number 1365 LLC 2021.

08

The LLC risk disclosure claims a foreign exchange trading licence that the broker's own legal page does not record.

Said in public, in English

Tradewill Global LLC is a forex broker registered in St. Vincent with a foreign exchange trading license.

Risk Disclosure Policy of the Saint Vincent company, opening paragraph

In the contract

Tradewill Global LLC is a brokerage company registered in Saint Vincent and the Grenadines under registration number 1365 LLC 2021. Registered Address: Euro House, Richmond Hill Road, Kingstown, St. Vincent and the Grenadines.

09

The payout promise is made in Portuguese while the only version of the terms that binds you is in English.

Said in public, in Portuguese

Depósitos instantâneos em 60 segundos e levantamentos eficientes em 20 minutos, garantindo transferências de fundos rápidas e seguras, para que se possa concentrar nas suas negociações.

Word for word in English: Instant deposits in 60 seconds and efficient withdrawals in 20 minutes, guaranteeing fast and secure fund transfers, so that you can concentrate on your trading.

Portuguese homepage, Fast and Convenient Fund Transfers block

In the contract · clause 26.13

The original English versions shall be the only legally binding versions for the Customer and the Company.

10

Trade W advertises up to $10 a lot to partners while the contract says what a partner is paid never appears on your confirmation.

Said in public, in English

Up to $10/lot commission

English partnership page, Why Choose to Partner with Us section

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of tradewill.com

In the contract · clause 8.7

Details of any such remuneration or sharing arrangement will not be set out on the relevant Settlement/Trade Confirmations.

The documents this reading is based on

3 files, all published by Trade W. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording Trade W publishes.

How this reading was done

Every clause above was read out of a document Trade W publishes itself

This reading was published on . It is the newest of 2 readings we keep of these documents. See every reading.

Documents
3 of 3downloaded from the broker's site, and 3 read in full
Pages opened
83pages walked to find those documents, footer links included
Older copies
14earlier versions downloaded
Marketing pages
1public pages set against what the contract says
Languages
EN vs PTthe language it advertises in, against the language it contracts in
Position measured
20clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

Tradewill Global LLC

Two companies trade as Trade W. Tradewill Global Limited is registered in Seychelles, number 8430716-1, and holds Seychelles FSA licence SD111. Tradewill Global LLC is registered in Saint Vincent and the Grenadines, number 1365 LLC 2021, and the legal page claims no licence for it. Each publishes its own client agreement and its own price list, and the two differ on commission and on complaint deadlines. The LLC agreement describes the LLC as a Seychelles company while the LLC conflict of interest policy says Saint Vincent. The privacy policy names the Saint Vincent company as the data controller for the website. Nothing on the legal page says which company a new client contracts with.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

Every time we have read this contract

We keep 2 readings of Trade W’s documents, newest first. Each one shows what we said at the time.

2 readings

What changed since Sep 29, 2026

The counts below are about our own list of clauses. A clause can join it because the broker added it, or because this reading found something the last one missed.

New on our list
11 clauses
Off our list
4 clauses
We rate critical
5 now, 5 then
Our risk score
8 to 8.5 out of 10

Nothing moved. The three web policies are republished unchanged, and all fourteen PDFs are still at the same addresses under the same version labels. This review adds six clauses not flagged before. Among them are the gap between the group's two commission schedules, a 90 business day complaint deadline, and two different stop out levels. The score moves from 8.0 to 8.5 on those findings, not on anything Trade W changed.

The counts above are the totals each reading published. They show that a total moved. They do not yet say which single clause was added or dropped.

  1. CurrentRisk 8.5/1022 clauses5 critical
  2. Risk 8/1015 clauses5 criticalReplaced

We keep every past reading so you can check what we said before, and when we said it. Those pages are archived snapshots of an older contract, so search engines are asked not to index them.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

Trade W publishes a complete set of policies for both of its companies: seven documents each, free, dated and version numbered. The Seychelles complaints policy is better than most. It names a form, acknowledges in two business days, gives you a reference number and covers vulnerable customers. The AML policy promises to review your verification documents within 24 hours and sets no deadline for sending them. Changes that are not in your favour need two months notice for a private client. An archived balance can be moved to a new account rather than absorbed, and the market making section is unusually frank about the costs you cannot see.

This review covers all seventeen documents in full. The documents do not say which of the two companies a new client is given, because the signup decides that. No earlier version of any document was available, so we cannot show how the wording has changed over time. This review compares the English and Portuguese marketing pages with the contracts. It does not cover the Thai, Indonesian, Chinese or Indian English versions clause by clause. The commission, spread and withdrawal figures on the website match no document Trade W publishes, so it is not clear which set of numbers a live account runs on.

How to check any of this yourself

Every quote above links to the Trade W file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document Trade W publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge Trade W on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Oct 16, 2026.

If you represent Trade W and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on Trade W. Whether its licence is real and current is a separate check on the broker profile.

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