- Name : Trade.com
- Website : trade.com
- Established : 2009
- Regulation : CySEC
- Country : Cyprus
U.S. Clients Allowed :
NoDue to strict US regulation many brokers aren't able to accept traders with US citizenship.
See our list of recommended brokers that do accept US traders.
Trade.com ReviewTrade.com Review
Trade.com is a Forex and CFD broker that provides trading solutions to a global clientele. Trade.com is operated by LeadCapital Markets, an investment company authorized and regulated by the Cyprus Securities and Exchange Commission (“CySEC”) under license number 227/14. It is also under the Markets in Financial Instruments Directive (MiFID), and is registered with licensing bodies throughout the EEA.
The broker seems to have weathered the recent volatility that caused turmoil on global markets and they attribute their strong risk management procedures to withstanding the impact of the recent Swiss Franc’s regulation.
There are three trading accounts at Trade.com. The minimum deposit for the Classic account is $100, the Standard $2,500 and the Premium account requires a deposit of at least $10,000. Traders opening any of these accounts enjoy multiple benefits such as personal training, an exclusive educational package and multilingual customer support.
Additionally, holders of the Standard and Premium accounts receive SMS signals and premium market analysis. The Premium account also offers exclusive customer support.
There is a 10% welcome bonus on all deposits and leverage up to 5:1. There are no fees or commissions charged.
When doing this review, I was pleased to see that Trade.com traders can open a demo account with a generous amount of $100,000 in virtual funds.
Clients at Trader.com can trade a wide range of instruments including commodities--precious metals Gold and Silver, oil, wheat or sugar, major indices, such as the NASDAQ, FTSE or NIKKEI, a variety of international stocks, bonds and CFDs. There are no commissions on CFD trading and margin requirements are as low as 2-5%. The spreads on CFD instruments are tight.
Trade.com offers traders to diversify their portfolio on global bonds markets. There is no commission or fees and leverage is up to 1:100. When it comes to Forex, customers can opt to trade with either fixed or floating spreads.
One of the features offered at Trade.com is the rollover, a situation that applies only to overnight trades and involves interest paid or deducted from open positions. Trading currencies always involves two different currencies with their own individual interest rate. When buying currency that has a higher interest rate than the sold currency, interest is received by the trader. However, when a currency is purchased with a lower interest rate than the sold currency, the trader must pay out interest, and money is deducted from the account.
A listing of overnight interest rates is provided by Trade.com.
Where education is concerned, Trade.com is way on top with a host of trading tools and instructional materials to help traders make smart, educated decisions.
One of the most important tools offered at Trade.com is their signals which track rapid fluctuations in market trends. Powered by the leading signal provider, Trading Central, the signals alert traders to market movements using easy-to-follow up and down arrows. This opportunity is exclusively available to Trading account holders with a minimum deposit of $2,000.
Trade.com offers an extensive and exclusive library of online video tutorials to help enhance traders’ skills.
Tutorials are available on FX and CFD trading. They are geared to help traders maximize their potential in the global market and provide expert guidance and support to traders with all levels of trading experience.
The available e-books offer a wealth of trading instruction and strategies and their starter guides are clear and concise and are loaded with practical tips that can be applied directly from the very first trade.
The Trade.com Global Financial Calendar is another vital tool for all traders, listing by hour the events of the days ahead that are set to shape market movements. The calendar presents and explains the main events impacting the market.
Funding methods to Trade.com accounts include credit cards, bank transfers, WebMoney and other online payment programs. The minimum amount to open a Trade.com account is $100 and there is no deposit fee.
Withdrawals can be made using the same methods.
Contacting a representative at customer support is never a problem at Trade.com with telephone number in more than 25 different countries, emails to various departments of the brokerage and Chat during trading hours.
Trade.com is an all-around broker, providing all the features needed for successful Forex trading. The website is easy to navigate and trading on any of the three trading platforms is quick and efficient. Having a demo account in which to practice placing trades and experimenting with new tools and strategies is a definite plus.
|Review info :|
|Broker reviewed : Trade.com||Rating : 8.9 out of 10|
|Reviewed By : Sara Patterson||Review Date : 2017-02-26|