Before you made your choice about brokerage firm to trade with make sure to check on all necessary data and verify its license. For this reason, we assist by broker reviews and here is Trade.com review.
What is Trade.com?
TRADE.com is a trading name operated by Leadcapital Markets Ltd, which is based in Cyprus and respectively authorized and regulated by the Cyprus Securities and Exchange Commission.
At the time of establishing and until now, the goal of Trade.com is to provide ultimate services to traders that allow joining in cooperation at any level. This being is established by a comprehensive education to learn methods and strategies, through available information and analysis that are affecting global markets. Along with the platform designed by Trade.com that opens secure access to a wide range of trading products and over 2,100 instruments to select on WebTrader.
Of course, you can count on continued support provided by the multiple internationally presented local lines and languages, e.g. Russia, France, Poland, Argentina, Chile, Germany, Norway, Peru and more.
Multiple products offering assets such as Forex, Crypto, CFDs, Commodities, Bonds, Indices and the Futures markets, with the ability to apply one-click executions, stop & limit orders and customized tools. The cryptotrade available through Bitcoin, Dash, Ethereum, and Litecoin with leverage 1:2 and spread of 50.00 USD on BCHUSD. Trade.com charges their clients only spread that is added on top of the price, however, spreads are still among the markets’ competitive offering.
However, to get things more clear you should always check carefully the most important information that the broker’s offering consists of. With this purpose, in this review we cover the following highlights:
Lead Capital Markets Ltd was incorporated in 2013 as a private limited company in Cyprus.
Therefore, Trade.com holds a license from Cyprus Securities and Exchange Commission (“CySEC”) to act as a Cyprus Investment Firm(CIF) and provide various investment and trading services.
The CySEC as the supervisory authority for CIFs in Cyprus is a part of the ESMA (Committee of the European Securities and Markets Authority). To ensure a high level of protection for investors and compliance with applicable regulations, the company license fully harmonized with the requirements of the European Parliament’s Markets in Financial Instruments Directive (MiFID) which all in all consigned to deliver the best trading and financial investment practices.
In addition, Trade.com covers global trading need through its entity in South Africa, which is respectively regulated by the FSCA.
TRADE com due to its regulations follows very strict guidelines to clients’ funds protection, ensuring they are kept in reputable Tier 1 banks and at all times segregated from the company’s own funds. Additionally, TRADE.com offers a Compensation Fund that will protect investments, and a high standard of account management service to explain all issues pertaining to trading and risks.
Trade.com Trading Platforms
At Trade.com trading platforms provided to offer a variety of the most convenient software while you may access trading by download, web, or tablet and mobile versions.
The innovative platform Trade.com WebTrader available to only Trade.com clients with an interface that is easy to navigate among the industry proposals. The platform features multi-chart display with independent functions, along with trading tools, intelligent analysis, Trading Central, Events & Trade tool and secure management optimization.
Nevertheless, Trade.com still brings as an option to trade through reputable MT4, which is one of the highest acclaimed platforms today. The platform available through both desktop and mobile interfaces, and brings vast of tools from customization to the specific engagement. Automated trading, embedded tick charts, and alerts on trading positions are of course in your hands too.
And the last, but very interesting opportunity from Trade.com is to engage into the trading with a DMA or direct access to markets through unique cooperation with a leading DMA provider Interactive Brokers. Therefore, active and professional traders may benefit from fruitful opportunities and vast capabilities.
Trade.com Fees and Accounts
The access to multiple products and assets including Forex, CFDs, Commodities, Bonds, Indices and Stocks available through 4 account types, that are designed by Trade.com to meet the traders’ needs and specific requirements. All accounts subscribed to daily analysis from the company, having a choice of desktop& mobile trading, video tutorials and 24h customer support service.
As for the trading costs themselves, Trade.com truly delivers some of the most competitive and pleasant conditions, while all costs are built into a tight spread. A tighter spread means the market price doesn’t have to move as far from your entry price, so your trade has a better opportunity to become profitable.
See below standard account Trade.com spreads for your information, also you can check out and compare fees to another popular broker ForexCT.
Crude Oil WTI
As for the leverage trading, which is a unique opportunity to trade bigger size compared to your initial balance, offers to maximize your gains. However, you should carefully learn how to use this tool, since leverage may work in reverse as well.
It is a fact that international authorized brokers comply with the regulatory requirements they follow, therefore Trade.com obliged to set maximum leverage according to European ESMA regulation. While recently, ESMA along with CySEC lowered significantly maximum leverage to a 1:30 for major currency pairs, 1:20 for minor ones and 1:10 for commodities and 1:2 for Cryptocurrencies. Nevertheless, in case you trade with a South Africa Trade.com entity, you will enjoy higher ratios of a 1:200 or even 1:300 for Forex instruments.
Trade.com Methods of Payment
Trade.com account can be funded by several options that are simple and secure methods for instant transfer of funds to or from the account. Those options including Credit Card via secure online payment form through major credit and debit cards, Fast Bank Transfer with minimized transfer fees and conversion costs. Skrill with only an email address and password enables you easily send and receive money online, NETELLER whether through a prepaid card or the free money transfer service, and Safecharge that is an Electronic Money Institution authorized and regulated by the Central Bank of Cyprus. In addition, you still can use a WebMoney, Qiwi or JSB for their payments.
Trade.com Minimum deposit
As for the minimum deposit amount, which is depending on a trading account you choose, yet the first grade Micro account requires only 100$ as a start.
Trade.com Withdrawal fee
Currently, you will not be charged any Deposit or Withdrawal Fees, as they are all covered by Trade.com. However, for the withdrawals, there is a minimum withdrawal amount for all methods (excluding the wire transfer – 100$) which is set to a $20, in case the request is smaller charges will be waived for you.
Conclusion on Trade.com
The main Trade.com offering provides an opportunity for online trading for a client or trader of almost any demand. The new ones to the trading will find an easy process to open an account with the small deposit of 100$ only to start, along with all the necessary educational and tutorial materials to perform smarter.
The more experienced traders may also gain trusted cooperation since the broker is strictly regulated, as well offering developed technical solutions with a quite competitive pricing, since the only charge is a spread. And the last, Trade com provides truly attentive support to their clients, through the wide range of local call-centers and education, which definitely highlights their offerings.
Nevertheless, it is always good to know your personal opinion about Trde.com which you may share in the comment area below.
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TRADE.com being an international brokerage firm at the very beginning of its operation enabled access to a wide range of trading products together with comprehensive educational materials. Since the broker recognizing that the most important in Forex markets and trading is a smart decision and deep understanding of the trading itself accompanied by ultimate powerhouse...