Trade.com overview 2021
The brokerage company was founded in 2009 and since then has been main office in Cyprus. The company now has 100,000 customers worldwide in 125 markets. It is operated by Trade Capital Markets Ltd and Livemarkets Limited, which are regulated by CySEC, FSCA and FCA.
Compared to other providers, the broker offers an extensive portfolio of financial instruments and trading instruments in a highly regulated environment.
Trading platforms
Trade.com offers two platforms: WebTrader and MetaTrader 4. Both platforms have a simple login process and mobile apps.
WebTrader
- 24/5 online support
- Fast and easy registration
- One-click order execution
- Customizable financial indicators
- Easily compare assets with multiple charts
- Detailed market financials and news announcements
- Price alerts, trending instruments and stop loss alerts
MetaTrader 4
Trade.com offers an industry renowned MT4 platform that has the following features:
- One click trading
- Multi-frame playback
- High level of customization
- Dozens of technical indicators
- Historical data and past trends
- Automated trading via API
- Stop-out levels with fast execution
Assets
Trade.com offers an impressive range of trading products with over 100,000 assets available on platforms:
- Crypto including Bitcoin
- 50+ major and minor currency pairs
- Goods including coffee and gold
- 2100+ shares, shares and bonds of companies
- Over 30 ETFs (WebTrader only)
- 1000 assets for spread betting
- 25+ world indexes
Spreads and commission
Broker spreads vary depending on the type of account. Trade.com offers spreads as low as 1.0 for EURUSD, 1.0 for USDJPY and 1.0 for GBPUSD, however they are only available for an exclusive account with a minimum deposit of $ 100,000. Traders opening silver accounts with Trade.com can expect 3.0 points on the same forex pairs. This means that most beginners will not be able to provide competitive floating spreads.
The broker will charge additional fees for positions held overnight, currency conversions and inactive accounts for more than 90 days.
Leverage
Trade.com offers a maximum leverage of 1:30 on Forex and CFDs, although levels vary by platform and asset. Some commodities have leverage of 1:10, while other assets, such as bonds, are available with up to 1:50 leverage. Detailed information on the various asset leverage ratios can be found on the broker’s website.
Mobile applications
Both WebTrader and MetaTrader 4 are available through the mobile apps at Trade.com. Apps are available for download from the Apple and Android app stores. Mobile solutions are fully functional with multiple chart types, risk management alerts, and multiple payment options. Customer support is also available through mobile apps.
Deposits and withdrawals
Processing times are usually instant, however withdrawals may take longer. Several payment methods are available through a secure online payment form:
- Skrill
- Sofort
- Neteller
- Bank transfer
- Major credit / debit cards
Trade.com assumes all commissions for deposits and withdrawals, but reserves the right to enter minimum withdrawal amounts. For all payment methods (except bank transfers), the minimum withdrawal amount is USD 20, for bank transfers, a minimum withdrawal amount of USD 100 is required. Withdrawals by wire transfer less than $ 100 will be charged a $ 50 fee, and other withdrawals less than $ 20 will be charged a $ 10 fee.
Demo account
The broker offers a test account on their Direct Market Access site. Traders receive £ 10,000 in virtual funds to practice trading. Traders should use a demo account to familiarize themselves with Trade.com before risking their capital. The demo account faithfully reproduces the trading conditions in real time.
Bonuses
At the time of writing, no bonuses or promotions are offered when registering an account. However, the broker may offer trades to attract new traders in the future.
Additional features
Trade.com offers several additional features to improve the trading experience. Free tools are great resources for beginners, in particular, who can use the services to refine strategies and test market predictions. Experienced investors can also use powerful tools to gain additional market intelligence and detailed technical analysis.
Features include:
- Free access to Trading View
- Trading Central MT4 extension
- Regularly updated global economic calendar
Trading accounts
The broker offers several types of accounts depending on the asset being traded. Traders who invest in CFDs and ETFs have the following options:
- Silver – Minimum deposit $ 100
- Gold – Minimum deposit $ 10,000
- Platinum – Minimum deposit $ 50,000
- Exclusive – Minimum deposit $ 100,000
Spreads and trading conditions become more competitive as you progress through account levels. Clients can also look forward to more hands-on support from a broker.
Please note that an online registration form is simply required for retail merchant accounts.
Support
Trade.com offers clients the following support options:
- WhatsApp chat service
- Email Inquiry Form – located on the Contact Us page
- Live Chat – Located in the lower right corner of the web page.
- Email address – support@Trade.com (available from Sunday 22:00 to Friday 22:00 GMT)
Traders will need to provide personal information before contacting a customer service representative when using the live chat service. Once connected, support staff respond quickly to inquiries and are aware of the products, platforms, and capabilities of the account.
Safety
Trade.com is regulated by reputable authorities, including the FCA, and has implemented an investor compensation fund policy that should instill confidence in traders when choosing between brokers. In addition, the broker uses the MT4 platform, which strong protection user protection with additional security measures when logging in.
Verdict
The multi-asset brokerage offering is an attractive prospect for novice day traders. Trade.com is not the most competitive provider when it comes to spreads and commissions. However, if you’re willing to pay a little more, you’ll get access to leading tools, an extensive portfolio of products, and the peace of mind of using a highly regulated online broker.
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