Choice of Account Types
Customer Support to 25 Locations
Limited Bonuses or Promotions
|Execution Type||Market Maker|
|Trading Platforms(s)||MetaTrader 4, Proprietary platform, Web-based|
|US Persons Accepted?|
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
72.30% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Trade.com was founded in 2013 and has grown into a brokerage powerhouse, catering to over 100,000 active traders. This multi-asset brokerage features over 2,100 assets across five categories and is regulated by three jurisdictions. Besides CFD trading, it provides clients direct market access (DMA) where over 100,000 assets across 125 markets are available.
Regulation and Security
Trade.com is the trade name of Trade Capital Markets (TCM) LTD and Livemarkets LTD. The former is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 227/14, as well as by the Financial Sector Conduct Authority (FSCA) in South Africa under FSP number 47857. The CySEC regulated entity operates under the Financial Instruments Directive 2014/65/EU or MiFID II and the EU’s 5th Anti-Money Laundering Directive. The Investor Compensation Fund (CIF), per EU Directive 2014/49/EU, protects deposits up to €20,000.
Livemarkets LTD is regulated by the Financial Conduct Authority under firm reference number 738538. Traders are protected under the Financial Services Compensation Scheme (FSCS), up to £85,000. Deposits remain segregated with Tier 1 banks.
This Trade.com will not focus on the offerings of Livemarkets LTD but will focus on the offerings of Trade Capital Markets, for the sake of simplicity and transparency.
This Forex broker generates its fees from the mark-up on spreads. While it advertises the deployed fee-structure as industry-beating, a minimum spread of 1.0 pips on the EUR/USD is excessive. Full details are available on their website or directly from the trading platforms. Overnight swap rates on leveraged overnight positions apply, corporate actions like dividends and stock splits are passed into traders. An inactivity fee of $25 per month is deducted if no trading takes place for 90 days, while twelve months of inactivity results in an additional $100 charge.
The fee structure is high in certain assets, and acceptable for others.
What Can I Trade
The asset selection at Trade.com is excellent. Traders have access to over 2,100 assets across six distinct categories. A maximum leverage of 1:30 for Forex traders adds to the overall appeal of this broker. One notable absence is the cryptocurrency sector, but overall cross-asset diversification is easily achieved.
Over 55 currency pairs are listed with a maximum leverage of 1:30.
A great selection of hard and soft commodities allows for proper diversification.
Traders have 26 index CFDs to choose from, further expanding earnings potential.
With more than 2,000 equity CFDs, most traders will have ample trading opportunities.
The popularity of ETF trading is fully supported by this broker, granting maximum leverage of 1:100.
Finalizing the great asset selection is four bond CFDs.
Most traders will manage their portfolios from the CFD account, which is available in five types, and is unfortunately dependent on account sizes. At the time of this Trade.com review, the advertised spread of 1.0 pip in the EUR/USD, already high, was solely available for an account size of $100,000 or more, which is absolutely unacceptable. The Silver account lists the minimum spread as 1.9 pips. DMA accounts are powered by Interactive Brokers, while UK based traders are additionally served with a tax-free spread betting account. An elective professional client program is available.
Traders may select from four uncompetitive CFD account types.
Interactive Brokers powers DMA trading.
UK traders have access to a tax-free spread betting account.
A professional trader classification is available to qualified individuals.
Trade.com features its proprietary trading platform and MT4. The focus is on WebTrader, equipped with fund management and intelligent analytics tools. Automated trading is unavailable, which is why the MT4 trading platform is supported. Regrettably, merely the most basic version, is presented to traders. The WebTrader grants access to a more suitable trading environment for manual traders who don’t require the MT4 infrastructure for advanced trading solutions.
WebTrader is the recommended platform for traders without the need for sophisticated trading applications.
The MT4 trading platform is offered, without the required third-party plugins to unlock its full potential.
The IPO marketplace grants clients a chance to receive shares in a very volatile market section.
Trade.com enables IPO trading.
Research and Education
Trade.com doesn’t publish its research, but a Daily Analysis and Morning Review are listed as being offered on the CFD account classification page. No further details are available. The research team was outsourced to Trading Central, only available to accounts with a minimum of $10,000. One-on-one training is offered with a training specialist. This broker is unsuitable for new traders, and given its structure of services, and it is clear from the fact that better services are available to higher value traders, that Trade.com does not care about the needs of those who either want to test their service with a low deposit or those who don’t have a high net worth.
Trading Central is tasked with research, but a minimum account size of $10,000 is required to get access to it, whereas many other brokers offer this service or similar services for all traders.
Customer support is available from Sunday 22:00 GMT until Friday 22:00GMTM. Clients may engage via e-mail, use the webform, launch live chat, or reach out through WhatsApp. It is essential to have quick access to a representative in case of emergencies.
Bonuses and Promotions
Trade.com doesn't grant deposits or host promotions.
Opening an Account
Per standard operating procedure, an online application handles new account openings. An e-mail address and password grants access to the back-office. Account verification of new traders is mandatory through a copy of the trader's ID and a proof of residency document.
Deposits and Withdrawals
Payment options are limited to credit/debit cards, Skrill, and Neteller. Most traders will find this acceptable, but the lack of modern payment processors is disappointing.
|Guaranteed Limit Orders|
|Interest on Margin|
|Guaranteed Stop Loss|
Trade.com is a well-regulated brokerage, and the asset selection is outstanding. Unfortunately, the extremely high trading fees make this broker an unsuitable choice for any trader. Simply put, asking for a $100,000 account size to lower the EUR/USD spread to 1.0 pip is unacceptable. Research is only granted for account sizes above $10,000, while education is unavailable. This broker is not positioned to handle new traders, while advanced traders will be served better elsewhere. Potential remains, but a complete overhaul of the business model is required.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
72.30% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Is Trade.com legit?
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Can I trade forex with $100 at Trade.com?