Trade.com Broker ReviewMinimum Spread : 1.8
Foundation Year : 2009
Min Deposit $ 100
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Trade.com Broker Review – Offering Ground-Breaking Investment Products: TRADE.com is a trading name that Lead capital Markets Ltd uses for its operations. The location of The company is in Cyprus, and respectively recognized and supervised by the Cyprus Securities and Exchange Commission.
Since the time of its establishment, the goal of Trade.com is to provide superior services to traders. It also allows traders to participate at any level. This being is established by extensive education, through applicable information and analysis that are affecting global markets. The platform designed by Trade.com opens protected access to a broad spectrum of trading products. One can trade over 2,100 instruments to select on WebTrader.
Trade.com is thought-out to be one of the top CFD and Forex brokers in the industry. It also provides a total of 55 currency pairings to trade-on.
The currency pairs include majors, minors, as well as a few exotics as well. It has a broad category of investment choices. The broker allows traders to invest in over 2100 companies, 26 global indices, commodities or bonds.
Trading Conditions Prevailing On Trade.com Broker
The Trade.com brokerage services offer four different types of accounts:
- Trade.com Basic Account: It requires a minimum deposit of Usd 100 top open this account. It provides a 24-hour trading platform accessible on desktop and mobile devices.
- Trade.com Classic Account: It has a minimum deposit of Usd 2500. This account comes with a dedicated account manager and webinars for training.
- Trade.com Gold Account: Account also requires a minimum deposit of Usd 10000. It features classic and premium daily analysis and also gives access to trading central to its clients.
- Trade.com Platinum Account: The minimum deposit for this account is Usd 50000. It comes with all features of gold and premium accounts.
Trade.com Broker Trading Platforms
Trade.com has two or three platforms to trade. It has its own custom web-based trading platform close to the business support MT4. For the clients who favour trading on the web then the cloud platform, which doesn’t require any downloads, and is platform-free, is the best approach. Even though custom platforms are quick and straightforward to work, they buy and don’t offer the adaptability and trading choices that MT4 offers.
One can find a custom mobile platform based on MT4. It also offers a practically comparative encounter as the desktop platform, however with a couple of restrictions. It also provides access to significant subtleties like trading instruments, advanced order types; top choices watch lists, charts and account information. The accessibility of mobile apps is reliant on your local trading policies.
Deposits should be possible utilizing credit cards, internet banking, Skrill, Neteller, and Safeguard to deposit funds. Likewise, best of all, the withdrawal demands are handled rapidly, yet take into consideration the time prerequisites of payment go-betweens.
Trade.com charges you an inactivity fee of $25 for a time of 90 days of inactivity. There is an extra charge of $100 for a time of inactivity. Among different fees, short-term trade charges are material.
Research and Education
Trade.com doesn’t distribute its research; however, a Daily Analysis and Morning Review offered on the CFD account arrangement page. No further subtleties are accessible. The research group moved to Trading Central, just access to accounts with a minimum of $10,000. Education is absent from assistant trading administrations. This agent is prohibited for new traders and given its structure of administrations.
It is evident from the way that better administrations are accessible to higher-worth traders.
One can entrustTrading Central for research, yet a minimum account size of $10,000 is required to gain admittance to it. At the same time, numerous different specialists also offer this administration or comparative administrations for all traders.
Trade.com offers support during market hours consistently, and you can contact client care through live chat, email, and direct phone. Additionally, Trade.com has also set up direct cost-free phone lines in 30 nations for its dealers’ comfort. The site is accessible in 19 unique dialects. Alongside that, you will get bolster materials for all degrees of the broker.
Is It A Scam?
Since enlistment in Cyprus doesn’t give a similar sort of oversight and account protection that different nations provide. It is a disadvantage for Trade.com. One can recognize that Forex dealers enrolled in Cyprus don’t have the best reputation with regards to ensuring account holders. While that might be out of line to specific organizations, traders should also remember this. If Trade.com defaults, any deficiency of funds of up to €20,000 might compensate for under the Investor Compensation Fund (ICF).
Trade.com improved web encryption than regular, which was a major besides. There are no guaranteed stop losses; however, account holders provided along with negative account balance protection.
TRADE.com is a foreign exchange and CFD broker established in 2009. It also offers to exchange a broad scope of instruments including more than 45 currency pairs, commodities, precious metals, major indices, stocks, bonds and CFDs.
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