Trade.com is one of the most popular trading platforms on the market. The company was founded in 2009 and has so far become one of the main players in the business world, and the platform has exceeded the user base of 100,000 active traders.
In addition, multi-asset brokerage also includes more than 2,100 assets in five categories and is regulated by three jurisdictions. On this platform, you not only have access to CFD trading, but you can also trade with direct market access or DMA, with more than 100,000 assets in 125 markets.
The company is based in Cyprus and regulated by the financial authorities of the Securities and Exchange Commission of Cyprus. In addition, thanks to this platform, you will have access to the foreign exchange markets, commodities, stocks and cryptocurrencies.
Its parent company, Leadcapital Markets Ltd, owns several similar companies such as Forexyard.com, Excellence Option, Prestigeoption.com and Optionsclick.com.
However, traders from countries like Japan, Canada, and the United States cannot join Trade.com.
What does Trade.com offer?
Trade.com is considered one of the best CFD and Forex brokers in the industry. It offers a total of 55 currency pairs to trade, including majors, miners and a few exotic ones. It has a wide variety of investment options as it allows traders to invest in more than 2,100 companies, 26 global indices, commodities or bonds.
The platform doesn’t have such a wide choice when it comes to cryptocurrencies, which is a tradeoff for most new-age investors.
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Signing up to Trade.com is fairly easy and the whole process takes only 5-10 minutes. To create an account, go to the registration page, after that you will need to choose your username, enter your email and create a preferred password. After selecting a default trading currency, your account is set up and ready.
The platform offers a demo account for testing before risking your hard earned money. As soon as the registration process is complete, you will receive £ 10,000 in demo account funds which allow you to explore the platform and process dummy transactions.
The registration process requires the user to provide details such as gross income estimate, basic education history and business experience. Once you’ve decided to invest with Trade.com, you can switch to the real account which requires you to fund your account. The account goes live after the identity verification process, which can take up to 24 hours.
There are 4 different accounts that can be opened, differentiated by the initial amount that you must deposit and the functionalities available for each:
- Basic: Minimum fund $ 100. Offers 24 hour support and trading app for mobile and desktop
- Classic: Minimum fund $ 2,500. Comes with a dedicated account manager and training webinars
- Gold: Minimum fund $ 10,000. Comes with all the features of classic + Premium daily analysis and access to Trading Central
- Platinum: Minimum fund $ 50,000. Comes with all the features of Gold + Premium customer support
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Trade.com has a few platforms to trade on. It has its own custom web trading platform alongside industry favorite MT4. For users who prefer online trading, the cloud solution, which requires no downloads and is platform independent, is the solution. Although custom platforms are quick and easy to use, they generally do not offer the flexibility and trading options that MT4 offers.
There is also a custom mobile platform that is built on MT4 and offers an experience almost similar to the desktop platform, but with a few limitations. It provides access to important details such as trading instruments, advanced order types, favorites watch list, charts and account information. The availability of mobile applications depends on your local business policies.
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Fees and charges
Deposits can be made using credit cards, Internet banking, Skrill, Neteller and Safeguard to deposit funds. In addition, the best part is that withdrawal requests are processed quickly, but take into account the deadlines of the payment intermediaries.
Trade.com charges you a $ 25 inactivity fee for 90 days of inactivity. There is an additional charge of $ 100 for one year of inactivity. Among other fees, day-to-day swap fees apply. The full list of fees can be found on the website.
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Trade.com offers support during market hours throughout the week, and you can contact customer support by live chat, email and direct phone.
In addition, Trade.com has set up toll-free telephone lines in 30 countries for the convenience of its traders. The website is available in 19 different languages. Along with that, you will get support material for all levels of trader.
The trading platform is fast and responsive, as is the support
Even though the selection of assets on Trade.com is very good, the fees charged by the platform are slightly higher if you do not plan to trade actively from month to month. The search is offered on an account of $ 10,000 or more, which can be a stop for novices and traders with less experience.
A limited choice of cryptocurrencies can be overshadowed by the wide variety of trading options on offer
- You can open a Trade.com account here
- We have presented the best forex trading platform for your Android or iPhone.