The world is looking forward to the best technologies and platforms of trading. And in the financial market, newbie to experienced traders search for brokers that can help them elevate trading benefits. But if they do not land the helping hands or services to investors, then the losses are waiting to happen. Trade.Com is one website that is disappointing people for a while now. Check Trade.Com review
The broker is in the market for a while but has not lifted its spirits, delivering to people’s necessity. Also, there’s a list of complaints that are not helping the needs of traders.
Is Trade.Com scam or safe?
Trade.Com reminds of a fraud broker. The website hides more than revealing or keeping things transparent in the public domain. It does not put any efforts into benefiting its clients or traders.
Trade.Com Review: Website outlook
How do you decide about a broker? Either you read a review of visit the website firsthand. Both are not working in case of Trade.Com, precisely the way its official site looks like. And understandably, when you see the interface, it gives you a jolt of paranoia and delusion.
It does not look like a financial trading website. Instead, you can see bizarre photos on it. The interface gives you a look as if it’s a fake website. A first impression impacts you the best, and if it is negative, then, that isn’t nice.
From top to bottom, when you visit the website, you feel cheated and disappointed throughout, and exasperated with the temerity Trade.Com puts its agenda up.
The home page of the website does not have much information about how and what products to trade. So, the client would never get to know much about trading.
Precisely, the broker’s whole point is to squeeze and pour the required knowledge of the financial market to a trader. However, Trade.Com seems to be doing the opposite of that rule. It is not caring about the sentiment and fund involved. Instead, the brokerage firm is looking forward to drawing commission and charge from investors.
Trade.Com Review: No clarity
When you don’t get clarity as a trader, you get dissatisfied because your hard-earned money is involved in it. Trade.Com seems to be making no effort to exalt your trading experience. Instead, you can keep clicking on one option to the other, but all you’ll receive is the zilch as an answer.
An investor or a trader would want to fetch out maximum returns through the assistance of a broker. However, Trade.Com refuses to comply with the needs of people.
The broker mentions that it has more than one million subscribers to its services, but never displays how and where. For everyone to believe, there must be some testament or proof that verifies the claim. Unfortunately, there are none.
Moreover, the company is expanding its expertise as per the website. However, you don’t seem to witness that either. When people visit the site, it confuses them more than helping. That’s the basic thing that one can do to achieve the confidence of a customer or client.
Trade.Com Review: Out of budget account types
Now, account types are the most pivotal object of any broker. It opens the gates of various financial markets for traders or investors. First of all, the options on the website would confuse you big time when you search for account types. That’s a total time waste.
You can keep on searching, clicking every other option before finally landing a place indicating the type of accounts. But there’s a catch; it is signal. You’ll further have to select CFDs, ETFs and what not. There are direct links through which you can start trading. You’ll have to cow down to dangerous routes of trading.
A newbie trader wouldn’t be interested in derivative trading because of the perils involved in it. The departments require extra expertise and markets’ understanding. Unless and until a person achieves that, the chances of losing money than earning are far grave and greater. So, if you are a beginner, then the broker offers you nothing.
That’s such a callous behaviour and must be looked upon with the utmost sincerity by Trade.Com. Why doesn’t it want the new traders to visit and create an account on its website? And its claim of more than 1 million traders seems vague once again after realising that it does not offer new traders anything.
Trade.Com Review: Too high minimum deposit
The contract for differences derivative is for those traders who have some experience in the field of financial trading. But here, if you wish to create an account, you’ll have to choose derivatives. Not surprisingly enough, the silver account with CFD asks for USD 100 from a newbie, which is too high considering the risk involved in it.
But that’s not it, if you move a bit toward the gold account, it would be unaffordable even for learned or experienced traders. The minimum deposit here is 100 times more than the silver account. It is a whopping USD 10,000, which is unbelievably high and exclusively can be produced only by rich people.
How can a broker expect a trader to gather such a huge amount of funds? It seems like a conspiracy than help. What else is an investor supposed to think? After depositing money, where would the person arrange the rest of the funds for buying or bidding? The broker does not care at all. Also, the premium support care is missing despite pumping in so much money.
Trade.Com only thinks of accumulating money from people without offering them an appropriate facility for rejoicing the trade. What is the point of creating an account on such platforms then?
But moving forward, things get worse. For validating on the platinum account, you will be required to deposit USD 50,000. That sounds too much and alarms a bell of scam in everyone’s mind. It is like a flashy show. Quite unlikely that many traders would join the rally of traders. Such schemes are for a handful of investors with extra money to shed.
People have to realise quickly that Trade.Com is not safe for trading. It is better to stay away from it; otherwise, it can sweep off your money.
Trade.Com Review: Not available in several countries
Like its fake floating claims, it gets deflated once again when you realise that the broker is not offering its services in several countries. It is making up stories. So, ‘Trade.Com scam’ theory fits here more than ‘Trade.Com safe’. After such irresponsible and doubtful claims, how can one invest in the market using the broker?
There is no guarantee when it flips out another lie and fool traders. So, before you board it, think as many times you can. The broker won’t come to your rescue if anything goes wrong, because it is already asking for enormous deposits for no reasons.
The Exclusive account is beyond the imagination. To reach there, you might have to mortgage or sell your properties. It is asking for USD 100,000—a hundred thousand dollars as deposits. The scheme seems only for those who have enough money kept in spare.
Trade.Com Review: Platforms offered
On the one hand, the broker is not shying away from asking heavy deposits and on the other, delivering peanuts for services. So, the broker fails all the fronts for a trader. It does not have MetaTrader5 platform, which is the most accurate and top-class place for leveraging benefits. Alas! Trade.Com does not have the facility. The entire focus is on thugging people.
It’s been a while to the establishment of the broker, but it does not want to update or upgrade its capacity. Hence, one can assume that it is not interested in offering premium services but charging investors heavily.
How can someone move ahead? Else, there is another way; they can switch to accounts like Global Trade ATF or ROinvesting that are offering way better services and at lower costs. Also, they are genuine and provide what is needed for a trader.
Offers no advice:Trade.Com review
The broker categorically mentions that it does not provide advice of investment to people. So, what are the services it is committed to? Only an imposter or a fraud broker talks like that.
If any service provider is not transparent and continuously remain in a denial mode, then why is it acting like a broker in the first place? That raises concerns and doubts. Obviously, the motive is not right and seems untrustworthy. So, you should quit visiting Trade.Com, let alone trading on it.
Moreover, it says that professional players of the market can even lose more than they deposit in the market. It breaks the courage of a trader who wishes to explore a career in the market.
Can you invest in Trade.Com?
Trade.Com is a scam broker entirely. Never take a plunge on its website. Whatever the website mentions on the site is not backed by any evidence. You cannot trust them. Plus, the amount of money it asks for a deposit is next to impossible for several traders to pay. So, staying away from their charlatan practices is advisable.
It discourages professional clients not to deposit more but asks for as much as USD 100,000 as deposits. That’s a complete paradox and hypocrisy on Trade.Co’s part. You can opt for any advance firms like Brokereo, HFTrading, T1markets and others.
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