Trade.com Exchange Review

Trade.com Exchange Review

Trade.com Exchange Review

Trade.com is an online trading platform that was first founded in 2009. Owned by LeadCapital Markets Ltd, Trade.com is a fully licensed and regulated broker that has earned a very good reputation over the years.

This platform is regulated by the Cyprus Securities Exchange Commission (CySEC) and it also has its headquarters in Nicosia, the capital city of Cyprus.

Trade.com has a strong focus on not only providing a top-quality trading platform but also to ensure that their traders are given the ability to educate themselves using the plethora of information and resources provided.

Traders at Trade.com will have access to two different trading platforms and literally thousands of different assets that they can trade CFDs on. This can all be done after a minimum deposit at the site of just $100 and the verification of your identification.

This review will take you through everything that you need to know about trade.com, so carry on reading if you are interested in what they have to offer.

 

Regulation

Operating out of Cyprus, Trade.com falls under the jurisdiction of the Cyprus Securities Exchange Commission and therefore has to abide by their regulations. This commission is accepted by the Markets in Financial Instruments Directive which was set in motion by the European Parliament.

This means that Trade.com is permitted to offer their services all across Europe as it meets the standards set by the controlling authorities of those jurisdictions.

As part of the regulations that Trade.com has to abide by, they have to make sure that all trader funds are kept well away from operational funds and in their own bank accounts. This protects traders and their funds should the unlikely event of Trade.com getting into financial difficulties.

Furthermore, Trade.com also has to abide by the regulation that they have to be a member of the Investors Compensation Fund scheme, a scheme that also goes a long way to protecting traders should the exchange become insolvent.

 

What Can You Trade at Trader.com?

There is certainly a good selection of assets that can be traded at Trade.com. We will talk about these in more detail a little later but what you can expect to see at Trade.com and trade while there is the following:

  • Bonds
  • Commodities
  • Forex
  • Equities
  • ETFs
  • Indices
  • Cryptocurrencies

 

Accounts at Trade.com

There are four main accounts that you will find at Trade.com and they will each require a certain minimum deposit. The higher in account that you go will also unlock additional features for you to use when trading at this exchange.

Basic

  • A minimum deposit of $100 required.
  • Given market analysis on a daily basis.
  • Given access to video

Classic

  • A minimum deposit of $1,000 required.
  • Given market analysis on a daily basis.
  • Given access to video
  • Have your own account manager.

Gold

  • A minimum deposit of $5,000 required.
  • Given market analysis on a daily basis.
  • Given access to video
  • Have your own account manager.
  • Given access to their trading central.
  • Given premium analysis.

Platinum

  • A minimum deposit of $25,000 required.
  • Given market analysis on a daily basis.
  • Given access to video
  • Have your own account manager.
  • Given access to their trading central.
  • Given premium analysis.
  • Given premium support.

Furthermore, if you are completely new to trading and are not comfortable with risking your own money straight away, there is also a demo account that you can use at Trade.com. With this, you will be able to get accustomed to the platforms and can use the educational material provided to learn the ropes of trading.

 

Account Creation and Verification

Before you can get started on Trade.com, you will have to first register an account. This will initially involve providing a genuine email address and choosing a password. Once you have verified your account you have essentially just created your basic account.

With that account, you have the ability to deposit a minimum of $100 and start trading. The only problem you will have is when it comes to withdrawing any money as you will need to first verify your account.

If you have used trading platforms before, you will already know the sort of verification processes you will have to go through. You will need to provide the following:

  • Copy of your passport or any other government-issued form of identification.
  • Copy of a recent bank statement or utility bill with your address on.
  • If you want to use credit card (a copy of both sides)

 

Trading Options on Trade.com?

Compared to many other trading platforms, Trade.com easily comes out on top with regards to the many assets that can be traded. Below, we will take you through each category and let you know what you can expect.

Bonds

Bonds are issued by governments all over the world and at Trade.com you can trade CFDs on a selection of these bonds.

  • Trade GER10YBond, Gilt10Y, TBOND30 and TNOTE10.
  • Leverage fixed at 1:100.
  • Spreads in Pips ranging from 0.06 to 0.08 at their lowest.

Commodities

As well as bonds, traders at Trade.com can also trade CFDs if they feel that any of the worlds major commodities will rise or fall in value. Whether you have a short or long-term strategy based on analysis and knowledge of the particular commodity, you might just make a killing on the markets.

  • More than 19 major commodities.
  • Leverage fixed at 1:100.
  • Spreads in Pips ranging from 0.0020 to 10.00 at their lowest.

Forex

Trade.com also has a decent selection of currency trading pairs that you can speculate on. In fact, there are more than 50 of them with some offering a leverage of up to 1:300.

  • More than 55 fiat currency trading pairs.
  • Leverage can be as high as 1:300.
  • Spreads in Pips ranging from 1.00 to 4.00 at their lowest.

Equities

Equities, otherwise known as stocks, are the price of each of the shares of a major brand. Trade.com has more than 2,000 of them that you can trade CFDs on and hopefully speculate in a manner that will bring you healthy profits.

  • More than 2000 major equities.
  • Leverage ranges from 1:5 to 1:10.
  • Spreads in Pips as low as 0.02.

ETFs

Exchange traded funds (EFDs) are something else that traders at Trade.com can speculate on. There are more than 30 ETFs on offer at this exchange and also more than 2,000 stocks.

  • More than 30 ETFs.
  • Leverage can be as high as 1:100.
  • A good selection of more than 2,000 stocks.

Indices

If indices are more your thing, Trade.com will not let you down as there are more than 26 indices for you to trade your CFDs on.

  • More than 10 major cryptocurrencies.
  • Leverage between 1:5 and 1:200.
  • Spreads in Pips as low as 0.05.

Cryptocurrencies

For those of you that have heard all about cryptocurrencies but are a little wary of actually owning any of them due to their volatile nature, you might be interested in trading CFDs of these currencies instead.

  • More than 10 major cryptocurrencies.
  • Leverage fixed at 1:2.
  • Spreads in Pips ranging from 0.5 to 240.00 at their lowest.

 

Trading Platform

When you have created an account at Trade.com and have had it verified, your next consideration will be of which of the two trading platforms to use. Those two options are as follows:

  • MetaTrader 4 Platform

If you asked experienced traders which platform they prefer to use when at their favourite forex brokers, we are sure that the vast majority will claim it is MetaTrader 4. This robust trading platform comes with a bunch of excellent trading tools and allows traders the ability to keep an eye on more than 300 tradable assets.

  • WebTrader

The key benefit of the WebTrader platform is that it is accessible for almost any device that has a browser. This means it can be used efficiently on your desktop computer or via your tablet or smartphone. That added efficiency makes this a popular choice for those that like to trade when they are out and about.

As well as those two options, traders have the option of downloading the app version of Trade.com. These apps will have both the MetaTrader 4 platform and WebTrader platform as part of them. These apps can be downloaded onto any Android or iOS device to give you even more efficiency.

 

Accepted Payment Methods

There is a good selection of payment methods that can be taken advantage of at Trade.com. As with most other trading platforms, it should be remembered that whichever method you use to deposit your money, will be the same one used when withdrawing it.

  • Credit Cards
  • Bank Transfers
  • Skrill
  • WebMoney
  • QIWI
  • Neteller

Each method will have their own processing times with deposits generally being much quicker than withdrawals. Credit cards and e-wallets will be the quickest while bank transfers will take the longest.

 

Transaction Fees

As for transaction fees, there will be no fees charged by Trade.com when using any of the above payment methods. There may, however, be fees charged by those payment processors so make sure you look into that with them before choosing your preferred payment method.

Trade.com makes its money through the pips/spreads that it places on top of each trade. These will vary greatly depending on the assets being traded but a small example can be seen below.

  • EUR/USD – 2 pips
  • USD/JPY – 3 pips
  • Gold – 7 pips
  • Silver – 28 pips
  • Apple – 30 pips
  • Google – 12 pips

 

Countries Supported

As Trade.com is regulated and is accepted across Europe, all citizens over the age of 18 in those countries will be accepted to trade on this platform. Many other countries will be accepted as well such as a selection of those in Asia but US citizens are unfortunately not able to trade on Trade.com.

Essentially, if you can verify your identity at trade.com, you should be able to trade their without any problems.

 

Customer Support

Trade.com has some of the best customer support that we have seen in an exchange. Traders are given a good variety of ways in which they can contact customer support and in our experience, the response was always quick, friendly and dedicated to resolving our issues.

  • Email Support
  • Live Chat
  • Telephone Support

Furthermore, one of the standout aspects of Trade.com is the heavy focus they have on educating their traders. They provide an educational centre that will be of benefit to traders of all experience levels and also provide their traders with access to Trading Central. This is an independent market research that will give traders at Trade.com a lot of insight into their expert knowledge.

 

Safety

The fact that Trade.com is regulated alone should help to instil some confidence in this trading platform. This regulation ensures that Trade.com stores trader funds in segregated accounts and that an Investor Compensation Fund is kept.

Throw in SSL encryption technology being used for all transactions and for the protection of all traders personal and financial details and you have yourself a trading platform that is secure and can be trusted.

 

Conclusion

We have reviewed a large number of trading platforms and we have to say that Trade.com is up there with the very best of them. It is completely regulated, has a plethora of trading options, makes use of an excellent trading platform that has some excellent trading tools implemented and they place a lot of focus on educating their traders.

Their spreads and pips are also highly competitive compared to other trading platforms and the high-levels of security they ensure should also be applauded. There are no other fees too which makes it a very affordable trading platform to enjoy.

Why not check out Trade.com for yourself by first getting yourself a demo account on the platform and testing out the many features and tools that they provide?




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