- Covers 7 different types of markets
- Offer more than 2000+ types of instruments
- CySEC Regulated Broker
- User friendly website
- Reliable and proven trading platforms
- Low minimum deposit of $100
- No localized telephone support numbers
|Support Types||Email , Live Chat , Telephone , Facebook , Twitter , Youtube|
|Trading Platform||WebTrader, MT4 and MT5|
|Minimum 1st Deposit||$100|
|Bonus||No Bonuses offered|
|Free Demo Account|
|Account Types||Micro Account , Silver Account , Gold Account , Platinum Account , Exclusive Account|
|Deposit Methods||Bank Wire , MasterCard , VISA , JCB , Diners Club , QIWI , Skrill , WebMoney , Neteller|
|Withdrawal Methods||Bank Wire , MasterCard , VISA , JCB , Diners Club , QIWI , Skrill , WebMoney , Neteller|
Managed by Leadcapital Markets Ltd, Trade.com is an international Contract for Differences (CFDs) broker that is based in the Republic of Cyprus. Its head office is located at Strovolos, 128 – 130 Limassol Avenue, Office 301, 3rd floor, CY 2015, Nicosia, Cyprus. The broker offers its clientele online trading services for a wide range of markets such as the Forex market, the Commodities market, the Bond market and the ETF market. Altogether, Trade.com offers more than 2000 different types of instruments for its traders to trade in a well-regulated environment.
The company which manages the Trade.com brand is a Cypriot Investment Firm (CIF) and as such comes under the purview of the Cyprus Securities & Exchange Commission (CySEC). The broker operates under the CIF license number 227/14. Since the Republic of Cyprus is a member of the European Union (EU), this means Trade.com’s CIF license allows it to be compliant with the Markets in Financial Instruments Directive (MiFID) issued by the European Parliament. The significance of this is the fact that Trade.com is authorized to operate in other member states within the European Economic Area (EEA) by merely “passporting” its CIF license with the appropriate regulatory agencies in the member states that the broker wishes to operate in. In addition to its CySEC regulated status, Trade.com is also regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under the FSP No. 47857.
Trade.com Trading Accounts
For trading accounts, Trade.com offers five different types. They are the Micro account, Silver account, Gold account, Platinum account and Exclusive account. The minimum deposit requirement to open a live account is $100. Nevertheless, these accounts come with different requirements and benefits designed to suit different categories of traders. For example, the Micro account is suited to beginner traders with its flexible trading requirements while at the other end of the scale the Exclusive account is geared towards traders that want more personalized attention and extra benefits.
On top of the above mentioned accounts, Trade.com has also provided its clients with a demo account. Here prospective traders can conduct trial runs using the €10,000 virtual cash preloaded in the demo account.
Trade.com Trading Platforms
Trade.com offers 3 main types of trading platforms, the Trade.com WebTrader, the MetaTrader 4 (MT4) platform and MetaTrader 5 (MT5) platform. With Trade.com’s WebTrader, traders will have access to the following features:
- Access to 2000+ assets
- Customizable Charts
- Mobile Compatibility
- Multi Chart Windows
- Risk Management Tools
- Trading Central
- Trending Tools
In addition to the WebTrader, Trade.com has also provided its clients with the industry proven trading platform developed by MetaQuotes Software. The MetaTrader 4 (MT4) is the world’s most popular online forex trading platform. It is adopted by the majority of the brokers in the industry and well loved by countless traders as well. Its key features include the following.
- Automated Trading
- Built in MQL4 Scripting language
- Comprehensive Charting package
- Customizable interface
- Large Library of technical Indicators
- Support for Multiple trade orders
The MT5 trading platform provided by Trade.com was developed for the CFD market. It was designed to support various types of market, unlike the MT4 platform which was mainly for the forex market. Apart from having several improvements over the MT4 platform such as having more technical indicators and an improved economic calendar, the MT5 platform was also adapted to comply with the rules and regulations set out by the MiFID guidelines. With the Trade.com’s MT5 trading platform, traders at Trade.com can easily access more than 2000 different types of CFDs covering various financial markets.
Trade.com Welcome Offers
Under the regulatory directives imposed by CySEC on CIFs under its jurisdiction, is the banning of promotional offers and bonuses offered by financial services providers. Hence, in compliance of this regulatory requirement, Trade.com does not offer any welcome bonus to any of its clients.
Trade.Com Commissions and Spreads
As for the compensation for the services offered by Trade.com, the broker charges traders a small spread on the BID/ASK price that they receive from the markets. The spreads however depend on the trading platform used as well as the type of instruments traded. The following tables shows the typical spreads which traders at Trade.com can expect when they trade the markets using the MT4 trading platform.
BANK OF AMERICA
Ferrari SpA (FERRARI)
As for the leverage offered by Trade.com, the maximum leverage ratio for retail traders is 1:30. This leverage ratio is stipulated by CySEC as part of the regulatory requirements imposed by the regulatory body.
Trade.com Deposits and Withdrawals
For deposits and withdrawals at Trade.com, the broker has provided support for several types of payment methods. They can be grouped into three main categories, Bank Wire transfer, Credit Cards and eWallets. Both deposits and withdrawals use the same payment methods. However it should be noted that as per the broker’s policy, the withdrawal method should be the same as the initial source of the deposited funds.
Trade.com Customer Care and Support
The support service at Trade.com can be accessed through email, live chat or the telephone. In addition, the website is translated into 23 different languages such as English, Italian, Russian, Spanish, Swedish, Chinese, French, German, Polish and German. Other support measures provided by Trade.com include current market news, a comprehensive educational center, an economic calendar and access to trading central.
What we think of trading at Trade.com?
Overall from our observation, Trade.com has managed to provide its clients with a satisfying level of quality services. The design of the Trade.com website is clean and clutter free hence making it easy to navigate around. In addition, Trade.com has provided its clients with choices of different trading accounts and trading platforms. All these choices are meant to cater to the needs of different categories of traders. Apart from providing traders with all the necessary infrastructure, Trade.com has also provided traders with a large range of trading assets to choose from. But most important of all perhaps, the fact that Trade.com is regulated by CySEC means that anyone trading here can be assured that their money will be safe with the broker.