TRADE.com is a leading multi asset brokerage firm that has been around since 2013. It has its headquarters in Cyprus under Lead Capital Markets and it comes under the regulatory structure of a number of different bodies, including the Cyprus Securities and Exchange Commission (CySEC) and the FCA in the UK.
Through the CFD offering, traders have access to over 2100+ assets including Forex, stocks, indices and ETFs. They offer this through their proprietary WebTrader and through the MT4.
They also offer spread betting which means tax free gains for UK and IE residents, direct market access (DMA) which connects you directly to the global exchanges, thematic portfolios where you can invest in a basked of stocks grouped by industry or theme and finally access to invest in Pre-IPOs. These are proven start ups just before they go public. A fascinating selection of products.
To see how TRADE.com stands out from their competitiors, continue reading this TRADE.com review.
- More than 2,100 assets to trade on CFDs
- Under regulartory authority of CySEC and FCA
- Excellent selection of more complex products
- Competitive fee structure
- Five different account options
- Very easy to use
- Dedicated customer support team
- Somewhat small selection of payment methods
- Fees can be higher for entry level accounts
What Can You Trade?
TRADE.com Forex Review 5/5
Minimum Deposit: $100
Trading Fees: Average
Max Leverage: 30:1
With the forex offering on TRADE.com, you have more than 55 different currency pairs to trade. All of the major pairs are covered, as well as minor, primary and exotic pairs. There is leverage available when trading forex on TRADE.com, with this varying depending on the given pair, but usually lying within the 20:1 and 30:1 range.
The spreads for the currency pairs will also vary depending on if you are using the MetaTrader 4 trading platforms or TRADE.com’s WebTrader option. The overall selection of currency pairs is one of the best in the market today.
TRADE.com Crypto Review 4/5
Minimum Deposit: $100
Trading Fees: Good
App Support: Many
Max Leverage: 1:2
For cryptocurrency traders, there are 11 different CFDs options on offer. These have leverage available of 1:2 and there are some limitations on trading hours for these assets. This means that you do not have to physically own the cryptocurrency in order to profit. The selection of different cryptos is better than a lot of competitors in this space today.
TRADE.com CFD Review 5/5
Minimum Deposit: $100
Trading Fees: Good
App Support: Good
Max Leverage: 20:1
You also have access to an extensive CFD offering at TRADE.com. All of the popular bases are covered in this regard. There are more than 2,000 stock CFDs to check out, with leverage of up to 1:5 being available. A lot of these options will have zero commission charged. For indices CFDs, the major 26 global indices are covered, having available leverage of 20:1. Leverage drops to 10:1 for other indices on offer.
You are able to make small investments in bond CFDs if needed, with a number of different currencies supported and leverage of up to 1:5 available. TRADE.com also has a range of ETFs to check out, being accompanied by advanced risk management and analysis tools. There is leverage up to 1:5 for these assets. Major commodities are also supported with low margin requirements.
What did our Traders think After Reviewing the Key Criteria?
TRADE.com lays out its fees very clearly for all of its different tradable assets, which is ideal. A lot of competitors make it hard to get a clear answer on their fee structure. In terms of the CFD offering, this broker makes its money from the spreads on offer, with these spreads also varying depending on if you are using the MetaTrader 4 or WebTrader trading platforms.
The stated goal of TRADE.com is being one of the lowest cost brokers in the space today. For EUR/USD, the spread highlighted on TRADE.com for its entry account is 3 pips, dropping to 1.9 pips for the Silver account option and subsequently falling for other account types. Across the board, the fee structure is competitive with other brokers, but certainly not the lowest.
If your account is inactive and has no trades for a 90 day period, there will be an inactivity charge of $25 levied on your account every month. If you do not trade for a whole year, this charge will rise to $100.
Account Types 5/5
For those looking to trade on TRADE.com, there are a few different account types to choose from. Most of these will be dependent on how much you deposit and your trading volumes. For CFD trading accounts, there are five separate options.
The lowest entry point is the Micro account that has a $100 minimum deposit, with this rising up to the Exclusive account type that has a $100,000 minimum account size. Spreads will be lower the higher you move up the tier of account types.
You will also get access to a dedicated account manager, premium daily analysis, premium customer support and access to the Trading Central portal the higher the account type you go for. Overall, there is an account type for every type of trader on TRADE.com.
You have two man trading platforms to use through TRADE.com. The WebTrader option allows you to trade directly through your desktop and is compatible with mobile. You have access to the full range of tradable assets on TRADE.com, as well as advanced charting, extensive management tools and all sorts of trading features.
There is also the option to use the well-established MetaTrader 4 platform. This is the most offered platform in the forex space today, with a lot of traders having experience using it. MetaTrader ticks most boxes, with solid research and analysis capabilities and being very easy to use. You have access to all the order types you may need. Do note that the spreads you pay on various assets will vary depending on which of these trading platforms you are using.
The TRADE.com offering is extremely well-designed and simple to use. You can quickly find out important information about whatever aspect of the TRADE.com offering that you are looking for. The fee structure is very transparent, as well as the exact range of assets that you can access to trade.
The process of signing up for an account only takes a few minutes and you will be pleased with the site speed. The same goes for the two available trading platforms. They are well-designed and ideal for beginner and experienced traders alike, as well as being mobile compatible for those who want to trade on the go.
Customer Support 4/5
The TRADE.com website is well-laid out, so you can quickly find the different sections that you will provide you with a lot of key information. You also have a well-stocked FAQ section that will solve a lot of issues you may be having. Otherwise, you have a few different options to get in touch with the TRADE.com customer support team.
You can send the team an email, send them a WhatsApp message or use the live chat function on the website. These support lines will be open on a 24/5 basis and the responses are quick and to a high level during these hours. For certain account types, you will also get access to a dedicated account manager that will be of great help to you in all aspects of your trading and user experience.
Payment Methods 4/5
One of the often overlooked aspects about choosing an online forex broker is the types of payment methods it offers. You want to have an option that fits your needs and is not too slow or expensive.
Thankfully, TRADE.com has an impressive selection of different payment options. The size of your initial deposit will vary depending on your account type. For example, the entry level account requires you to deposit at least $100 initially. To make these deposits, you can use a credit card, fast bank transfer, Skrill or Neteller.
Usually, your funds will be credited to your TRADE.com almost straight away. You can also make withdrawals by using a bank transfer, Neteller or Skrill. While the selection is a bit slimmer than other offerings, most of the key bases are covered. Usually, once your withdrawal request has been approved you will see your funds hitting your e-wallet account within a few hours.
Best Offers 4.5/5
There are plenty of different resources available on TRADE.com that can help you develop as a trader and to get access to the latest information in the space. The economic calendar keeps you informed about the latest data releases while the CFD expiration dates section will keep you informed about the various expiration dates of different instruments.
The Trading Central section is also available to certain types of trading accounts. This is a leading investment research provider, covering everything from pricing to trends and technical analysis. There are many different tools that can be used and the news ticker provides you with the latest breaking news that might affect the markets.
Regulation and Deposit Protection 4/5
TRADE.com is uner the umbrella of a firm regulated by CySEC, a popular regulator for a lot of online brokers that are looking to cater to a European customer base. It is also regulated in South Africa through the Financial Sector Conduct Authority and under a subsidiary regulted in the UK by FCA. Through the European Investor Compensation Fund, TRADE.com deposits are protected up to €20,000.
In terms of the security of the platform, TRADE.com has a better level of encryption than a lot of its competitors. This means that your data is going to be kept safe when you are conducting transactions and to help protect your account funds. You can also implement a number of advanced security options for your account to add an extra level of security.
While TRADE.com has been in the space for a number of years, it does not have many notable awards to its name as of yet. The reviews that you see about TRADE.com on the likes of trading forums and Trustpilot are predominantly positive. This insight from real traders is completely objective and showcases that TRADE.com is the real deal.