Trade.com Review |
|
📅 Year founded |
2014 |
📈 Multiple top-tier regulation |
Yes |
📍 Headquarters |
Nicosia, Cyprus |
🌍 Country of regulation |
United Kingdom / United States / Cyprus / Spain / Italy / South Africa / Mauritius |
✅ Regulators |
FCA / FINRA / CySec / CNMV / Consob / FSCA / FSC |
📈 Execution Type |
Market Execution |
💰 Minimum Deposit |
$100 USD |
🛡️ Negative Balance Protection |
Yes |
📉 Trading Platforms |
MetaTrader5 / Trade.com Web Trader |
☪ Islamic account |
None |
📉 Trading Instruments |
Forex / Indices / Commodities / Stocks / ETFs / Cryptocurrencies |
📱 Mobile trading |
iOS / Android / Windows |
💳 Payment Types Accepted |
Debit and Credit Card / Bank Wire Transfer / Skrill / Neteller / PayPal / iDeal / giropay / Sofort / Trustly |
🎮 Demo Account |
Yes |
ⓒ Copy Trading |
Yes |
🎁 Bonus Offer |
None |
💰 Account Currencies |
USD / EUR / GBP / CHF / PLN / CZK / ZAR |
📈 Minimum Trade |
0.01 Lots |
📈 Account Types |
STP |
📈 Margin Trading |
Yes |
📈 Trading fees |
Low |
📈 Inactivity fee |
$50 USD after 90 consecutive days |
💰 Withdrawal fee |
None |
☎ Customer Support |
24/5 |
💰 Max. Leverage |
30:1 |
✔️ Hedging Allowed |
Yes |
✔️ Scalping Allowed |
Yes |
💰 Commission |
Zero |
💰 Spreads |
From 0.3 pips |
💰 Leverage |
Flexible |
💰 Currency Pairs (Total Forex pairs) |
55 + |
🔢 Number of clients |
1 000 000 + |
🥇 Instruments Offered |
2 100 + |
📙 Education |
Trading Central |
WHAT IS TRADE.COM?
Trade.com is a globally recognised online brokerage that provides trading services across a variety of financial markets. Established with a mission to democratise trading, Trade.com offers both retail and institutional clients access to global financial markets.
A standout feature of Trade.com is its commitment to regulatory compliance, which significantly enhances its credibility and the safety of client funds. Trade.com is regulated by several of the world’s most respected financial regulatory authorities including the Financial Conduct Authority (FCA) in the United Kingdom, the Financial Industry Regulatory Authority (FINRA) in the United States, the Cyprus Securities and Exchange Commission (CySEC), Comisión Nacional del Mercado de Valores (CNMV) in Spain, Commissione Nazionale per le Società e la Borsa (CONSOB) in Italy, the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Commission (FSC) in Mauritius.
The robust regulatory oversight from multiple jurisdictions not only underscores Trade.com’s reliability and commitment to trader security but also provides a structured environment where traders from various regions can operate with trust and confidence. By adhering to high standards of financial integrity and transparency, Trade.com establishes itself as a premier brokerage for traders looking for a secure and regulated platform.
INTRODUCTION
Trade.com is an established online brokerage firm that has been serving a diverse global clientele since its inception in 2014. It has carved a niche in the financial services industry by providing access to a wide range of markets and financial instruments including forex, indices, commodities, stocks, ETFs and cryptocurrencies.
Trade.com distinguishes itself through its robust platform that caters to both novice and experienced traders, offering sophisticated tools and features that facilitate efficient trading and risk management.
The brokerage is built on the pillars of transparency, integrity and innovation. It focuses on creating a supportive trading environment that empowers traders with the knowledge and resources they need to navigate the markets successfully.
With a strong regulatory framework and a focus on customer satisfaction, Trade.com aims to provide a secure and dynamic trading environment. This approach has helped the broker to not only attract a wide range of traders from around the world but also to maintain a reputation as a trusted leader in the online trading industry.
PROS & CONS
PROS
- Comprehensive range of trading instruments with over 2 100 available.
- Advanced trading platforms available including MetaTrader5 and the Trade.com Web Trader.
- Strong regulatory compliance.
- No commissions charged.
- Opportunity to get funded accounts.
CONS
- Limited educational tools available.
- Restricted leverage for retail clients in certain regions due to regulatory limits.
TRADING INSTRUMENTS
Trade.com offers a comprehensive array of trading instruments, enabling traders to diversify their portfolios and access various sectors of the global financial markets.
Forex
Trade.com provides access to a wide variety of currency pairs including major pairs like EUR / USD, minor pairs and exotic pairs. This allows traders to speculate on the movements of different world currencies and leverage the liquidity and volatility of the forex market.
With over 55 currency pairs available, traders are not short of options when accessing the forex market with Trade.com.
Indices
Traders can engage with major global indices such as the S&P 500, FTSE 100 and the Nikkei 225. Indices trading with Trade.com is a great way to gain exposure to the performance of a specific country’s economy or a sector of the market without the need to trade individual stocks.
Commodities
The brokerage offers opportunities to trade in a range of over 18 commodities including precious metals like gold and silver, energy commodities such as oil and natural gas and agricultural goods like coffee and sugar. Commodities trading is often used for hedging against inflation or portfolio diversification.
Stocks
Trade.com provides access to shares from all over the world, allowing clients to trade on the performance of individual companies. This includes stocks from large-cap companies in technology, finance and consumer goods sectors, among others.
ETFs (Exchange-Traded Funds)
ETFs are available as a less capital-intensive way to diversify investments compared to direct stock purchases. Trade.com offers a variety of ETFs, which track indices, commodities and baskets of assets, providing a balanced investment solution for traders looking to manage risk.
Cryptocurrencies
As an increasingly popular asset class, cryptocurrencies like Bitcoin, Ethereum and Litecoin are also available on Trade.com. Trading cryptocurrencies with Trade.com allows clients to engage in one of the most dynamic and rapidly evolving markets.
This broad spectrum of trading instruments ensures that traders at Trade.com can find opportunities in a variety of market conditions, manage their investments according to their risk tolerance and capitalise on both short-term and long-term trends. Whether a trader is interested in day trading or looking for long-term investments, Trade.com caters to a wide range of trading strategies and preferences.
TRADING PLATFORMS
Trade.com provides its clients with two powerful and user-friendly trading platforms: MetaTrader5 (MT5) and the Trade.com Web Trader. Each platform is designed to cater to different trading needs and preferences, offering a range of tools and functionalities.
MetaTrader5 (MT5)
MT5 is the latest version of the popular MetaTrader platform series and offers advanced trading capabilities and technical analysis tools. It is highly favoured by traders for several reasons including it advanced charting tools, algorithmic trading, communication tools and multi-platform support.
Additionally, MT5 is a multi-asset platform, allowing traders to trade any trading instrument from just a single trading platform.
Trade.com Web Trader
The Trade.com Web Trader is a proprietary platform tailored to provide a seamless trading experience with an emphasis on simplicity and functionality. Some benefits of utilising the Trade.com Web Trader platform include its accessibility, user-friendly interface, integrated trading tools, advanced risk management features and the customisation available to traders.
Both the MT5 and Trade.com Web Trader platforms provide robust environments tailored to enhance trading efficacy and adaptability. By offering these two platforms, Trade.com ensures that all traders, regardless of their experience or trading style, have access to state-of-the-art tools necessary for navigating and succeeding in the financial markets.
ACCOUNT TYPES
Trade.com offers a tiered account structure designed to cater to the diverse needs and preferences of its clients. Each account type provides specific features and benefits tailored to accommodate varying levels of trading expertise and investment capabilities.
Silver Account
The Silver Account is ideal for beginners or those new to trading. It provides a basic entry point with essential features needed to start trading effectively.
On this account type, traders are able to access spreads starting from 1.9 pips, while leverage of up to 30:1 is available to traders. Additionally, no commissions are charged on this account type, except on shares where commission is charged at 0.20% or a minimum of $10 USD.
The Silver Account only requires a minimum deposit of $100 USD.
Gold Account
The Gold Account is designed for intermediate traders who are familiar with the markets and are able to provide a larger minimum deposit of $10 000 USD. This account type provides spreads from 1.4 pips, while commissions are only charged on shares at 0.16%.
Gold Account clients also enjoy access to a dedicated account manager, Trading Central and premium daily analysis.
Platinum Account
The Platinum Account is tailored for experienced traders who require a broader range of tools and services to handle complex trading activities. The minimum deposit required for this account is $50 000 USD, while spreads start from 1.0 pip and commissions are only charged on shares at 0.08%.
Clients using this account type enjoy similar benefits to the Gold Account and have the added benefit of premium customer service access.
Exclusive Account
The Exclusive Account is the highest tier offered by Trade.com, catering to professional traders and high-net-worth individuals with comprehensive services and features. This account type requires a large minimum deposit of $100 000 USD while offering spreads starting from 0.8 pips and commission charges of 0.08% on shares.
Each of these account types is structured to provide an optimal trading environment that enhances the trading experience according to the trader’s level of expertise and investment size. As clients progress in their trading journey, they can move to higher-tier accounts which offer more sophisticated features and better trading conditions.
HOW TO OPEN AN ACCOUNT
Opening an account with Trade.com is straightforward and can easily be done via the broker’s website. Potential clients are required to upload their personal information and any documents required by the broker for verification.
Once these documents have been verified, traders are able to deposit funds and are then assigned an account type depending on the amount of money deposited. One the deposit reflects, traders are able to access the markets.
DEMO ACCOUNT
A demo account is available, allowing new traders to practice trading without risking real money. Demo accounts are a very useful tool for traders to utilise and test a broker’s offering before deciding to sign up with any specific broker.
SOCIAL TRADING AND COPY TRADING
Trade.com does not offer its own proprietary social or copy trading features, however, with the provision of the MT5 platform, traders are able to utilise and implement social and copy trading features such as EAs on their accounts. Additionally, the broker does provide PAMM accounts, which is where traders can deposit funds which are then managed by a professional trader.
COMMISSIONS AND FEES
While Trade.com offers commission-free trading on most instruments, the broker receives their profits from the spread on trades. The spreads offered by Trade.com are competitive, however, some traders may prefer to pay commissions for raw spreads.
Commissions charged on share trading are mentioned in the “Account Types” section and should be considered fairly low when compared to the rest of the industry.
Additionally, traders need to be aware of an inactivity fee of $50 USD charged monthly by the broker when accounts have been inactive for 90 consecutive days.
LEVERAGE
Leverage options vary depending on the instrument and the trader’s location, influenced by regulatory conditions. Due to the regulatory restrictions, the broker offers a maximum leverage of up to 30:1 for retail traders.
Most brokers will offer higher leverage to professional traders but unfortunately, Trade.com does not specify if they do the same.
WITHDRAWALS AND DEPOSITS
Trade.com supports a range of payment methods for deposits and withdrawals including bank wire transfers, credit and debit cards and various eWallets including Skrill and Neteller. Withdrawal requests are processed within a few business days, but it’s crucial to comply with all verification requirements to ensure smooth transactions.
Trade.com does not charge any fees on deposits or withdrawals, however, they do state that fees may be charged by third-party financial service providers depending on the transaction method used.
CUSTOMER SERVICE
Customer service is available 24/5 and can be accessed via live chat, email or phone. The support team is knowledgeable and responsive, providing assistance in multiple languages.
Additionally, on the Platinum and Exclusive Accounts, premium customer service is available which includes a dedicated account manager and priority support from the customer service team.
SAFETY AND SECURITY
The safety and security of client funds and data are paramount concerns for any reputable online brokerage. Trade.com’s commitment to these aspects is underscored by its adherence to the stringent requirements set forth by multiple regulatory authorities worldwide.
These regulatory bodies ensure that Trade.com operates with transparency, fairness and integrity, providing traders with a secure trading environment.
Financial Conduct Authority (FCA) – United Kingdom
The FCA mandates that client funds be held in segregated accounts, separate from the company’s own funds, ensuring that client money is protected in the event of the company’s insolvency. Additionally, Trade.com clients are covered by the Financial Services and Compensation Scheme (FSCS), which can compensate clients up to £85 000 per person in case of broker default.
The FCA also requires regular audits of its regulated entities, ensuring compliance with financial standards and operational integrity.
Financial Industry Regulatory Authority (FINRA) – United States
FINRA oversees brokerage firms and their brokers to maintain fair and equitable markets, protecting against fraud and abusive practices. Trade.com is required to submit detailed reports to FINRA including financial statements and compliance with market conduct.
Cyprus Securities and Exchange Commission (CySEC) – Cyprus
Similar to the FSCS, CySEC offers an Investor Compensation Fund that covers traders up to €20 000, providing an additional layer of security. CySEC also enforces strict guidelines on risk management, handling of client assets and transparency in trading operations.
Comisión Nacional del Mercado de Valores (CNMV) – Spain
CNMV ensures that Trade.com adheres to operational standards set within the EU, enhancing the reliability of its trading services. CNMV also focuses heavily on protecting the rights of consumers, ensuring that traders receive clear and accurate information.
Commissione Nazionale per le Società e la Borsa (CONSOB) – Italy
CONSOB’s rigorous regulatory framework helps safeguard the interests of traders by monitoring the activities of financial service providers like Trade.com. It further ensures that all necessary disclosures are made to traders, enhancing the transparency of the trading operations.
Financial Sector Conduct Authority (FSCA) – South Africa
The FSCA ensures that Trade.com complies with local financial regulations, providing security to traders within and outside South Africa. The body also ensures that Trade.com is held to high standards of honesty, integrity and professionalism as required by the FSCA.
Financial Services Commission (FSC) – Mauritius
The FSC enhances the international credibility of Trade.com by ensuring compliance with global financial standards and requiring Trade.com to implement robust risk management protocols to protect both the trader and the firm.
These regulatory bodies not only help in maintaining the financial integrity of Trade.com but also instil confidence among traders by ensuring that the broker operates under strict regulatory frameworks designed to protect their interests. This multi-jurisdictional regulatory oversight is fundamental in establishing Trade.com as a secure and trustworthy brokerage.
PROMOTIONS
Currently, Trade.com does not offer any promotions or bonuses on their website, however, potential clients are encouraged to regularly visit the broker’s website in the event that this is updated in the future.
RESEARCH
The platform provides comprehensive market research tools including daily analysis, premium daily analysis, Trading Central and the various research tools available on the MT5 platform. The provision of access to Trading Central ensures that Trade.com’s clients have access to advanced research tools and all the information they require to make informed trading decisions.
EDUCATION
Trade.com offers somewhat limited educational resources, with only Trading Central being accessible to its clients. However, the broker does provide opportunity for traders to become funded through their Challenges, which is a once in a lifetime opportunity for many traders.
When traders sign up to become funded with Trade.com, the broker provides a variety of educational tools to assist traders in their journey to become a fully funded trader.
GLOBAL AWARDS
It is unclear from the broker’s website if they have won any global awards and we were not able to evidence that the broker has indeed won awards. However, this does not mean that the broker has not won any awards and they may well win awards in the future.
SAFE OR SCAM?
Trade.com’s legitimacy and reliability as a broker are of significant interest to potential traders and Trade.com has certainly implemented various measures to ensure the safety of their clients’ funds.
Trade.com is regulated by several of the world’s leading authorities including the FCA in the UK, FINRA in the US, CySEC in Cyprus, CNMV in Spain, CONSOB in Italy, FSCA in South Africa and FSC in Mauritius. The presence of multiple top-tier regulators not only ensures adherence to international financial standards but also provides a structured framework for security, financial integrity and consumer protection.
The protections offered under these regulatory bodies such as segregated client accounts, participation in compensation schemes (like the FSCS and the Investor Compensation Fund) and strict compliance with financial reporting and operational conduct, all contribute to safeguarding trader investments.
Trade.com maintains high levels of transparency in its trading operations. This includes clear communication of terms and conditions, fees and the risks associated with trading.
Additionally, the requirement for regular audits by regulatory authorities ensures that the broker continuously adheres to fair trading practices.
The broker enjoys a generally positive reputation in the industry, backed by user testimonials and expert reviews that commonly reflect satisfaction with its services and trust in its operations.
The comprehensive regulatory oversight, strict adherence to financial laws, robust client protection measures and transparency of operations strongly indicate that Trade.com operates as a legitimate and secure online brokerage. The broker is certainly a viable choice for traders seeking a reliable and regulated trading platform.
CONCLUSION
Trade.com stands out as a reliable broker with a wide array of trading instruments, robust trading platforms and a commitment to trader education and safety. It is well-suited for traders seeking a regulated and comprehensive trading environment.
One aspect where the broker could improve is by offering an additional account type where traders have the option to access raw spreads and pay commissions thereon. Besides this shortcoming, the broker stands out due to its wide range of instruments on offer and the ability for traders to become funded.
After conducting the above review into this broker, the team at Brokersuggest.com highly recommends Trade.com as a superb and dependable trading partner.