As you already have read reviews of different Forex brokers in the market, this time we’ll discuss Trade.com review. It is an online firm of brokerage that claims to provide customer access to the Contracts for Difference (CFDs) trading in a range of diverse asset classes. CFDs are imitative securities that make their customers get in contact with the financial instrument prices without truly holding the instruments in their accounts. Customers of Trade.com can trade on indices, Forex, commodities, indices, cryptocurrencies, ETFs, and bonds. [toc] Customers of Trade.com have an option to choose the WebTrader platform or an accepted and more customizable MetaTrader (MT4) platform. Both of the platforms offer access to the traders at a huge range of economic instruments across many asset classes. It also provides the ability to trade through a mobile device. A three-stage approach is claimed that Trade.com uses in order to serve the trading community:
- It offers education to make traders able learning strategies and methods.
- It provides analysis and relevant information on its site so that traders can have informed decisions.
- Thirdly, it offers access to the traders towards a secure platform that makes access to more than 2,100 financial instruments.
Why Choose Trade.com?You must be thinking about the useful features of Trade.com and why should you choose it as compared to others.
What is Good about Trade.com?
- It is trustworthy, and it quickly can score 7.5 out of 10 rating scale.
- com has more than hundreds of markets for trading, which includes shares in over 2,000+ companies. And it is more than other most brokers.
- Besides these features, it provides excellent educational tools and resources.
- It supports in more than 20 languages.
- Traders have the opportunity to switch between a demo and a live account.
- com provides 24/5 customer support along with the help of phone, email, and chat.
- Minimum amounts for withdrawals and amount within the limit acquire charges.
- It’s not easy to add stop loss and take on order profit conditions.
- Not all cryptocurrencies are available, just major ones are accessible, and they should improve it.
- They lack news and resources as well as they have a limited number of tools.
HistoryLead Capital Markets Ltd., a company chartered as a private limited company in Cyprus in 2013, operates Trade.com. This company owns some other online brokerage firms such as forexyard.com and finexo.com. The Cyprus Securities and Exchange Commission (License Number 227/14)regulates and authorizes the Cyprus and LeadCapital Markets Ltd., whose office is in Nicosia. The MiFID Directive offers a passport that allows the person to control all the way through the European Union. The governing bodies of all EU member states register the Lead Capital Markets. As you already know that Trade.com provides 24/5 customer support in around 25 countries. A committed phone number, email and live chat for all of each country is available to contact. According to Trade.com review, the site is available in 23 languages for the easiness of traders from around the globe.
Can I Trust It?Of course, you can trust it. Trade.com review already makes it clear to you that it is a trustworthy company and a leading international regulatory body regulates it. To trade CFDs, Trade.com is considered as a safe and secure way. The Cyprus Securities Exchange (CySEC) individually regulates its subsidiaries.
Cyprus Securities ExchangeThe financial regulatory agency of Cyprus is the Cyprus Securities and Exchange Commission (CySEC). Cyprus is known as a European Union member and is a financial service business center. If Trade.com fails, all the customers of the CySEC regulated countries are qualified for up to €20,000
Who Operates Trade.com?A company, Lead Capital Markets Ltd., that owns the trading name for Trade.com, is a secretly held company. Since November 2017, the Chief Executives Officer of Lead Capital Markets Ltd. is Christiana Vasiadou. Previously, she was the Compliance Officer and Head of Monitoring Unit at Depaho Ltd. she was in charge of its two brands FXGM and GTCM for the compliance. Before that role, she was the Head of Fund Management, which is the JFD Wealth Division at Brokers.
Trading Products of Trade.comThe platform offers more than 2,100 financial instruments to its customers for trading. The brokerage firm split them into seven categories that include indices, Forex, Stocks, Commodities, ETFs, Cryptocurrencies, and bonds.
StocksTrade.com provides trading shares of its customers in over 2,000 companies. These companies situated in USA, UK, Italy, Australia, Spain, Netherlands, Belgium, Germany, Sweden, France, Denmark, Czech, Finland, Poland, Republic Portugal, Japan, Russia, Hungary, Hong Kong, Norway, Greece, South Africa, and Austria.
IndicesTrade.com review shows that it also offers to trade in more than 20 global indices that cover the major economic regions of the world.
ForexIn more than 55 currency pairs, Trade.com offers major, minor and exotic pairs.
CryptocurrenciesTrade.com review shows that it provides trading markets for the below-mentioned cryptocurrency pairs:
- Bitcoin cash / USD
- Dash / EUR
- Bitcoin / EUR
- Bitcoin / USD
- Dash / USD
- Ethereum / USD
- Litecoin / EUR
- Ethereum Classic / USD
- Ethereum / EUR
- Litecoin / USD
CommoditiesTrade.com offers markets in the following commodities.
- Brent Oil
- Heating Oil
- Natural Gas
BondsOn the following government bond, futures Trade.com can trade CFDs on platforms:
- UK Gilt 10 year bond
- German 10-year bond
- US Treasury Note 10 year
- Ultra (leveraged) Treasury bond 30 year
ETFsMore than 37 ETFs covering sectors, financial instruments and commodities are available for traders to trade.
Spreads and Charges
- The trading platform and underlying financial instrument decide the spreads of Trade.com that traders pay.
- Data is obtained from reputable third-party sources with Trade.com, which gather the data directly from exchange feeds. Its compensation is received via market bid or spread.
- Customers of Trade.com are provided with a clear explanation of all fees, spreads, funding, commissions and other charges. In addition, they are accountable for Online Trading Facility, and it may change from time-to-time.
How to Open an Account?Many countries from around the globe avail the services of Trade.com. A similar process for opening an account exists for each jurisdiction. You may have to answer some questions before you start trading with Trade.com for the very first time. While signing up with your email and of course with a password, you may have to complete the registration process to get £10,000 in your Demo account. Then you may be directed to the next page, where you have to enter your name, date of birth, address, and contact number. On the next page, you are required to fill out the primary financial information, which includes net worth, estimated gross income, account funding source and expected annual funds turnover. At the last level of sign up process, Trade.com requires your necessary information, education and trading background. Once you have completed this information, now you are required to select the amount of leverage that you want to use for trading:
RequirementsTrade.com then takes you to the deposit screen after you select the leverage. On that screen, you have an opportunity to choose from several different funding options. You may need to upload an ID and proof of residence to pass the identity verification. It may take up to 24 hours to complete the process of verification. However, traders often can deposit before getting this approval, and your deposit will be safe with Trade.com. Deposits, as well as withdrawals, can be done with Pay.com, Visa credit, debit card, Skrill, wire transfer, Neteller, QiWi, SoFortuberweisung, or PaySafeCard. Depositing money is very easy in an account. Traders can Start Trading while clicking on the Deposit and blue button on the main screen of trading. Traders then required selecting the deposit method of their choice and filling up the information besides clicking the green “Deposit” button. To make a deposit, you need the minimum amount of $100. Customers of Trade.com are allowed to choose the leverage for their accounts. However, different maximum leverages are available for brokers that apply to individual products. Trade.com is a suggested website for your particular product leverage allowances. All CFDs have particular margin requirements with Trade.com and traders must have to maintain them. According to Trade.com review, it is advised that certain transactions’ margin may be based on a proportion of the contract value of the transaction. So, because of this such transactions’ due margin will vary in accordance with the contract value. Traders can have modernized margin requirements with the help of logging on to Electronic Trading Services or even by contacting Trade.com.
Likes & Dislikes
- Plenty of trading options available to choose from
- Web trading software is user-friendly
- Up to 1:300 Leverage
- Well regulated
- Never accepts Bitcoin
- Offers High Spreads