In order to excel in the art of forex trading, it is important of course to learn how to trade. Things like entry and exit points and risk management are critical to know, but perhaps equally as important is your choice of broker. this article, we will take a look at a multi asset brokerage house which aims to engage traders to the highest levels of proficiency. Read Trade.com review and you will find out just how they have reinvented themselves to become a powerful multi asset brokerage offering some amazing products in addition to their CFD offering.
Leverage: 1:300 Licences: CySEC, FSCA
Min. Deposit: 100$ Bonus: N/A
Spreads: from 0.4 pips US Clients: No
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Trade.com Broker at a Glance
TRADE.com has recently undergone an entire overhaul process and gone from just offering CFDs to also offering a variety of investment products suitable for beginners and intermediate traders. They now offer access to some hard to get IPOs, Direct Market Access to 100,000 global securities, Spread Betting for UK and IE clients, Thematic Trading and even asset management services through their partnership with Argus FX. Over the course of this review though we will be focusing on CFDs. TRADE.com is based out of Cyprus and is operated by Trade Capital Markets and Livemarkets. You can find their offices in: London and Gibraltar (UK), Barcelona, (Spain), Frankfurt (Germany), Durban (South Africa) and Nicosia (Cyprus).
The company that operates TRADE.com is regulated by CySEC under the name TCM Ltd. with a unique license 227/14 and LiveMarkets is the FCA regulated company.
Like most of the regulated brokers, Trade.com does not offer its services to US citizens. The broker is also licensed by the FSCA, a South African financial regulator, which enables TRADE.com South Africa operations.
Trade.com Review in a Nutshell
- a wide range of trading instruments (including commodities, bonds, and CFDs) with about 2100 assets available for trade
- no commissions on CFD trading
- tight spreads, with some being fixed and others being variable
- leverage for different types of assets is up to 1:300
- default leverage is 1:30, to get more, users will have to be categorized as professional traders.
Trade.com Accounts Review
There are a variety of accounts available which start from a minimum deposit size of just $100 for the micro account. These work their way up through to Exclusive account and each comes with its own benefits and conditions with gold working its way up to 0.4 spread. Gold account seems to be the most popular type.
The newcomers signing up with any of these accounts enjoy multiple privileges such as personal training, exclusive educational package and multilingual customer support. Those privileges can be very useful for beginners, especially if there is something unclear during their first days since they can directly contact support in their native language.
The main trading platform is MetaTrader4, a simple app for experiencing powerful trading with various assets, and WebTrader – an online proprietary interface with no need to be downloaded. The proprietary platform is a real pleasure to use and comes with some excellent features including in depth statistics on each asset, a streaming news commentary, traders trends and insights.
Trade.com Promotions and Terms
Trade.com does not really promote bonus campaigns, because of course this a well-regulated broker. Promotions generally aren’t worth the paper they are written on as you must jump through hoops before you can withdraw funds. It’s more important to focus on working with a transparent and honest broker like TRADE.com.
Trade.com Trading Conditions Review
The customer support at this company is always efficient and is very helpful and well trained. The good thing is that it is available in different languages and via several different methods.
We have tested their English email customer support and there is nothing bad we can say about them. Support specialist was friendly and explained how to use their web platform in details.
Trade.com Review Conclusion
This is a great option of broker for either beginner or an experienced trader. Investors are recommended to take a closer look at their other exciting products. In terms of CFDs the web platform is excellent to use, some might say better than the MT4, although they do offer the MT4 and mobile trading too.
Remember spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.84% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money