Trades.com Forex Broker

BASIC INFORMATION: Trade.com is a multi-asset brokerage offering over 100,000 instruments on the MetaTrader 4 and WebTrader platforms. Instruments available include forex pairs, CFDs, commodities, stocks, and cryptos. The brokerage was founded in 2009 and has since established its head office in Cyprus. The company now has 100,000 customers worldwide in 125 markets. It is operated by Trade Capital Markets Ltd and Livemarkets Limited. REGULATORY INFROMATION: LICENSE No valid regulatory information Please be aware of the risk! MARKET Trade.com offers an impressive breadth of trading products with over 100,000 assets available on platforms: · Crypto including Bitcoin · 50+ major and minor forex pairs · Commodities including coffee and gold · 2,100+ company stocks, shares & bonds · Over 30 ETFs (WebTrader only) · 1,000 spread betting assets · 25+ global indices SPREADS & COMMISSION Spreads with the broker vary depending on account type. Trade.com offers forex spreads as low as 1.0 on EURUSD, 1.0 on USDJPY, and 1.0 on GBPUSD, however, these are only available with the Exclusive account where the minimum deposit is $100,000. Traders opening silver accounts with Trade.com can expect 3.0 pips on the same forex pairs. This means most beginners wont be able to secure competitive floating spreads. The broker charges additional fees on positions held overnight, currency conversions, and accounts inactive for more than 90 days. LEVERAGE Trade.com offers maximum leverage of 1:30 on forex and CFDs, though levels vary depending on the platform and asset. Some commodities have leverage of 1:10 whereas other assets, such as bonds, are available with leverage up to 1:50. Details of different leverage ratios by asset can be found on the brokers website ACCOUNT TYPES The broker offers several account types depending on the asset traded. Traders investing in CFDs and ETFs have the following options available to them: · Silver – Minimum deposit $100 · Gold – Minimum deposit $10,000 · Platinum – Minimum deposit $50,000 · Exclusive – Minimum deposit $100,000 DEPOSITS & WITHDRAWALS Processing times are typically instant however withdrawals may take longer. Several payment methods are available via a secure online payment form: · Skrill · Sofort · Neteller · Bank transfer · Major credit/debit cards Trade.com absorbs all deposit and withdrawal fees but reserve the right to introduce minimum withdrawal amounts. All payment methods (except bank transfers) have a minimum withdrawal amount of $20, bank transfers require a minimum withdrawal of $100. Bank transfer withdrawals less than $100 incur a $50 fee, all other withdrawals less than $20 incur a $10 fee. DEMO ACCOUNT The broker offers a test account on their Direct Market Access site. Traders receive £10,000 in virtual funds to practice trading. TRADING PLATFORMS · Meta Trader 4 · Web Trader TRADING HOURS Trade.com follow standard trading hours: 24 hours a day, 5 days a week, effective Monday to Friday. With that said, the platform and websites trading tools are available outside of standard market hours. See the company website for a breakdown of trading hours by asset. Customer Support Trade.com offers the following support options to its customers: · WhatsApp chat service – Contact us logo · Email enquiry form – Found on the Contact Us page · Live chat – Found on the bottom right-hand side of the webpage · Email address – support@Trade.com (available from Sunday 22:00 GMT till Friday 22:00 GMT) ACCEPTED COUNTRIES Trade.com accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries. Traders cannot use Trade.com from United States, Canada, Japan, Belgium