In this review, we’re going to look at online trading broker Trade.com. Over the past few years, there has been a good deal of consolidation, which has increased safety and make Forex and broker services safer, better and more popular. But that only applies when you deal with a company that has good financial backing. In this review, we’ll look at Trade.com and see if you should be putting your money there or moving on to a different broker.
Trade Capital Markets is the company behind Trade.com. The company located in Cyprus. This is going to make it one of the most powerful trading companies in the industry.
Trade.com is unique among so many of the other broker firms out there simply because of the number of assets that they offer. They probably have the largest selection of assets of any broker within the industry. The largest category of assets that they have is currency pairs, and that is what they tend to focus on. There are currency pairs, big and small, as well as some more exotic ones. The total of the currency pairs is currently 55. There are also more than 300 CFDs for stocks, bonds, indices and of course, commodities.
The parent company of Trade.com, Trade Capital Markets, is regulated by CySEC, which has become a respected regulation organization for online traders. Trade.com is also under Markets in the MiFID and registered with several licensing organizations throughout the EEA.
This is a terrific organization with some great features. They started back in 2009 and make their home in Cyprus. They are regulated by CySEC and compliant with the MiFID and several other governing bodies. In addition, trader’s deposits are insured by some of the most powerful banks in the world. In addition, your deposit is covered by the Cyprus Investor Compensation Program.
This broker offers some of the best features out there. The minimum deposit is $100, but there are actually four categories of accounts (which we’ll get to shortly), and you may want to consider depositing more, because the perks that come with the higher level accounts are really great. They not only provide a dedicated account manager, but they also give you a demo account to try out the service and learn trading.
Trade.com feature WebTrader, MetaTrader4, several mobile platforms and have an asset list that totals nearly 400. The broker have 260 stocks, 29 indices, several bonds, around 50 currency pairs and nearly two dozen commodities to choose from.
There are five account types that you can choose from, based upon how much you deposit. The first is the Micro Account, and it is basically the account that you would get if you deposited the minimum required for trading $100. The Micro Account is terrific for those new to trading.
If you want to upgrade to one of the higher tier accounts, they start with the Silver Account. This one requires that you deposit $1000 but they give you all of the features you got with your Micro Account plus a dedicated account manager. If you go with the Gold Account you get a highest level of customer service. That requires a $10,000 minimum deposit however.
While many companies just provide their traders with a single platform, Trade.com provides investors with two very popular and respected platforms. If you have been trading for any length of time, you are probably familiar with MetaTrader4 (known as MT4). This platform is one option when it comes to trading with Trade.com. In addition, you can choose from the equally well known WebTrader platform, which is powered by SIRIX. Let’s discuss a little about each of these winning platforms.
MetaTrader 4 is one of the most popular trading platforms. It supports Forex as well as CFDs and there are millions of brokers around the world who use it every day. It is intuitive and easy to use, plus they have an amazing tech support team that can help with any problems that you have. MT4 also supports auto trading and you will love using it for your daily trading.
The WebTrader Platform is one of the most versatile out there and it has also become very popular. You can use it from anywhere in the world on just about any device. Even if you are on a computer that isn’t yours, you can still use the platform, because it is browser based with no download.
While most of the companies out there will offer some kind of mobile application, the one that you’ll find at Trade.com is one of the most advanced, flawless apps available. It synchronizes instantly with your other platform choices and was designed to be used on almost any device you can think of, available for the Blackberry OS, Android and Apple devices.
There are a lot of educational resources for you to choose from. For example, there are videos, written documentation and much more. The company even pairs you up with an account manager for one-on-one help.
At Trade.com, you can either choose to open an account with real money, or you can use the demo account and test out the system. The demo is available for PC and mobile devices only, however.
Here are the deposit options that customers have with Trade.com:
You can withdraw your money through several methods. They offer online payments, bank wire transfer and the ability to transfer fund to your debit or credit card.
Trade.com has plenty of markets for you to choose from including commodities, currency pairs, indices and much more.
Trade.com has a really great customer support system in place. It runs from Sunday at 22:00 GMT to Friday at 22:00. You can use email, live chat or telephone to get in touch with support. Also, they provide support in ENg ITA, ES, German and Polish over chat and on the phone.
There really aren’t any reasons not to recommend Trade.com. They are simply one of the best online trader platforms available on the market today and you will love working with them. Perfect for newbies, seasoned traders and even professionals. You get access to so many tools necessary to trading that it makes recommending Trade.com a no-brainer.
Risk Warning: Trading may not be suitable for everyone, so please ensure that you fully understand the risks involved.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.36% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
Minimum Deposit: $100
Minimum Trade Amount: $0,01 lot
Maximum leverage: 1:30
Trading Platform: MT4 and Webtrader
Special offer: USD25 Free trading
Phone, Live chat and Email