TRADE.COM Forex Broker
Basic Information
Mauritius
10-15 years Regulated in Cyprus Regulated in South Africa Market Maker (MM) Financial Service Corporate MT5 Full License Regional Brokers Suspicious Overrun High potential riskCompany profile
Rating Index
Pros
Wide range of financial products, including over 2,100 CFD instruments across various asset classes.
Regulated by multiple authorities (FCA, CySEC, FSCA), providing a level of security for traders.
Access to popular trading platforms like MetaTrader 4 and 5, along with a proprietary web trader.
Cons
Limited educational resources for beginners, making it challenging for new traders to learn effectively.
Reports of withdrawal issues and customer service complaints, raising concerns about reliability.
Some additional fees, including inactivity charges and currency conversion fees, which may affect overall trading costs.
Trade.com Forex Broker - Complete Information Guide
1. Broker Overview
Trade.com, established in 2009, is a multi-asset brokerage operated by Lead Capital Markets Ltd, headquartered in Nicosia, Cyprus. As a private entity, Trade.com has grown significantly over the years, becoming a prominent player in the financial trading sector. The broker primarily serves retail traders, offering access to a wide array of financial markets including forex, commodities, stocks, indices, and cryptocurrencies.
Since its inception, Trade.com has achieved several important milestones, including the development of its proprietary trading platform and the expansion of its product offerings. The company is known for its commitment to regulatory compliance and customer service, which has helped it build a strong reputation in the industry.
Trade.com operates under the umbrella of its parent company, Lead Capital Markets Ltd, which also manages other trading platforms such as Forex Yard and Options Click. The brokerage focuses on providing retail forex and CFD trading services, catering to a diverse clientele with various trading preferences and strategies.
2. Regulation and Compliance Information
Trade.com is regulated by several prominent financial authorities, ensuring a high level of trust and security for its clients. The main regulatory bodies include:
- Cyprus Securities and Exchange Commission (CySEC) - License No. 227/14
- Financial Conduct Authority (FCA) (UK) - License No. 738538
- Financial Sector Conduct Authority (FSCA) (South Africa) - License No. 47857
- Consob (Italy)
- FINRA (USA)
The regulatory licenses are valid for the scope of operations in their respective jurisdictions, providing oversight and consumer protection. Trade.com maintains strict customer fund segregation policies, ensuring that client funds are kept separate from the company's operational funds.
Additionally, Trade.com participates in an investor compensation fund, which protects clients up to €20,000 in case of company liquidation. The broker adheres to KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance measures, requiring clients to verify their identity and address before trading.
3. Trading Products and Services
Trade.com offers an extensive range of trading products, catering to various investment strategies. The available trading instruments include:
- Forex: Over 55 currency pairs, including major, minor, and exotic pairs.
- CFDs: A wide selection of CFD products across various asset classes, including indices, commodities, stocks, and cryptocurrencies.
- Indices: Access to 26 global indices, allowing traders to speculate on the performance of major markets.
- Commodities: A diverse range of commodities such as gold, silver, oil, and agricultural products.
- Cryptocurrencies: Trading options for popular cryptocurrencies, although the selection may not be as extensive as some competitors.
The broker frequently updates its product offerings to include new instruments based on market demand, ensuring that clients have access to the latest trading opportunities. Trade.com primarily focuses on retail trading services, but it also provides institutional services and white-label solutions for other businesses.
4. Trading Platforms and Technology
Trade.com supports multiple trading platforms, enhancing the trading experience for its users. The primary platforms include:
- MetaTrader 4 (MT4): A widely recognized platform known for its advanced charting tools and automated trading capabilities.
- MetaTrader 5 (MT5): An upgraded version of MT4, offering additional features such as market depth and more order types.
- WebTrader: A proprietary web-based platform that allows traders to access their accounts from any device without needing to download software.
The platforms are designed to cater to both novice and experienced traders, providing user-friendly interfaces and powerful trading tools. Trade.com also offers mobile applications for both iOS and Android devices, ensuring that traders can manage their accounts on the go.
The broker utilizes a market-making execution model, ensuring fast trade execution and competitive spreads. Trade.com has invested in robust technological infrastructure, including secure servers and advanced trading algorithms, to support its operations.
5. Account Types and Trading Conditions
Trade.com offers several account types tailored to meet the needs of different traders. The available accounts include:
- Silver Account: Minimum deposit of $100, suitable for beginners, offering access to basic trading features.
- Gold Account: Requires a minimum deposit of $10,000, providing tighter spreads and additional trading tools.
- Platinum Account: Aimed at serious traders with a minimum deposit of $50,000, offering premium features and personalized support.
- Exclusive Account: Designed for top-tier traders, requiring a minimum deposit of $100,000, with ultra-tight spreads and exclusive benefits.
The trading conditions vary based on the account type, with competitive spreads starting from 0.3 pips for higher-tier accounts. Leverage ratios differ depending on the asset class, with maximum leverage reaching 1:30 for retail clients, and up to 1:200 for professional accounts.
Trade.com also offers a demo account for new traders to practice their skills without risking real money. The minimum trade size varies by account type, with a standard minimum of 0.01 lots.
6. Funds Management
Trade.com supports a variety of deposit and withdrawal methods, ensuring flexibility for its clients. The accepted payment options include:
- Credit/Debit Cards
- Bank Transfers
- E-wallets such as Skrill and Neteller
The minimum deposit requirement is $100, making it accessible for new traders. Deposits are typically processed instantly, while withdrawals may take 3-7 business days depending on the method used.
Trade.com does not charge any fees for deposits or withdrawals, although intermediary fees may apply depending on the payment provider. The broker has a transparent fee structure, with no hidden charges for account management or trading.
Inactivity fees are applied to accounts that remain dormant for more than 90 days, with a monthly charge of $25 for inactive accounts.
7. Customer Support and Educational Resources
Trade.com provides comprehensive customer support through various channels, including:
- Phone
- Live Chat
The support team is available 24/5, providing assistance in multiple languages, including English, Spanish, German, and more. The broker emphasizes quick response times and knowledgeable support staff to help clients with their inquiries.
In terms of educational resources, Trade.com offers a selection of materials to assist traders in enhancing their skills. These resources include:
- Webinars
- Video Tutorials
- Market Analysis Reports
Additionally, the broker provides tools such as an economic calendar and trading signals to help traders make informed decisions.
8. Regional Coverage and Restrictions
Trade.com operates in multiple regions, providing services to clients worldwide. The broker primarily caters to markets in Europe, Asia, and Africa, with a focus on ensuring compliance with local regulations.
However, certain countries are restricted from accessing Trade.com services, including the USA, Canada, and Australia. This limitation is due to regulatory constraints and the broker's licensing agreements.
Trade.com aims to expand its reach while adhering to the legal frameworks of the jurisdictions in which it operates, ensuring that clients receive a secure and compliant trading environment.
In summary, Trade.com stands out as a reputable broker with a comprehensive suite of trading products and services, supported by robust regulatory oversight and a commitment to client satisfaction. The platform's competitive trading conditions, combined with its focus on education and technology, make it a suitable choice for both novice and experienced traders alike.
TRADE.COM Similar Brokers
Latest Reviews
FX1610158193
Indonesia
Trade.com is a scam broker, they refuse to pay my rebate, they have many excuses, even though the rebate is not much, they still refuse to pay, SCAM BROKER
Exposure
01-26
cy63697
Peru
The trading platform/website is globally great but what's standing out is the amazing customer service and support through the chat. It's easy and suick to speak to an agent and every time they solve the issues and do their best to accomodate me asap. Really appreciated and I will probably stick to TRADE.COM for a while.
Positive
2024-06-14
Cris1141
United Arab Emirates
They stole $100,100 USD from me. When I saw that I had already made more than $200,000 USD in profits, I tried to withdraw some of my funds, but they did not allow me to do so, claiming that all my money was already invested. When I attempted to withdraw my money, I received a message stating that all my funds were lost and that I needed to deposit more money to free margins and make more gains. A total scam!
Exposure
08-19