Trade.com Review

Review

Trade.com was founded in 2009 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. Between 73.84% and 75.40% of traders lose money with this market maker broker.

Trade.com homepage

Back to Top

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 4th 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.

Trade.com regulation

Back to Top

Fees

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.

Trade.com Pricing at trade

Back to Top

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 1:300 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 1:300.

Trade.com Trading conditions

A great selection of hard and soft commodities allows for proper diversification.

Trade.com Commodities trading conditions

Traders have 26 index CFDs to choose from, further expanding earnings potential.

Trade.com Indices trading conditions

With more than 2,000 equity CFDs, most traders will have ample trading opportunities.

Trade.com Stock trading conditions

The popularity of ETF trading is fully supported by this broker, granting maximum leverage of 1:100.

Trade.com ETFs trading conditions

Finalizing the great asset selection is four bond CFDs.

Trade.com Bonds trading conditions

Back to Top

Account Types

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 five uncompetitive CFD account types.

Trade.com account types

Interactive Brokers powers DMA trading.

Trade.com Collaboration with Interactive Brokers

UK traders have access to a tax-free spread betting account.

Trade.com Spread betting opportunities

A professional trader classification is available to qualified individuals.

Trade.com Professional trader program

Back to Top

Trading Platforms

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.

Trade.com WebTrader

The MT4 trading platform is offered, without the required third-party plugins to unlock its full potential.

Trade.com MT4 services

Back to Top

Unique Features

Two distinct features create separation Trade.com from most competitors. Thematic Portfolios allow traders to invest in hand-picked assets by the broker’s in-house investment team. The IPO marketplace grants clients a chance to receive shares in a very volatile market section.

Thematic Portfolios provide another layer of diversification.

Trade.com Thematic Portfolios

Trade.com enables IPO trading.

Trade.com IPO Marketplace

Back to Top

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. Education is missing from auxiliary trading services. 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.

Trade.com Trading Central offering

Back to Top

Customer Support

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.

Trade.com Customer Support

Back to Top

Bonuses and Promotions

Trade.com doesn't grant deposits or host promotions.

Back to Top

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.

Trade.com Open account form

Back to Top

Deposits and Withdrawals

Payment options are limited to bank wires, credit/debit cards, Skrill, and Neteller. Most traders will find this acceptable, but the lack of modern payment processors is disappointing.

Trade.com payment options

Back to Top

General Information

Company Information

  • Broker's Name : Trade.com
  • Headquarter : Cyprus
  • Regulation : CySEC, FSCA

Account Information

  • Type of Broker : Market Maker
  • U.S. Clients Allowed :
  • Minimum Deposit : $100
  • Maximum Leverage : 1:30
  • Commissions / Spreads : Spreads
  • Account 1 : CFD
  • Account 2 : DMA
  • Account 3 : Spread Betting
  • Account 4 : IPO
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : MetaTrader 4, Proprietary platform, Web-based
    • Platform Languages :
      • English
      • Spanish
      • Italian
      • German
      • Polish
      • Other
    • OS Compatibility :
      • Mobile
      • Web
      • iPhone
      • iPad
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Automated Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :

Customer Support

    • Website Languages :
      • English
      • Spanish
      • Italian
      • German
      • Polish
      • Other
  • Support Hours : 24/5
  • E-mail Support :
  • SMS Support :
  • Chat :

Pros and Cons

  • Demo Account
  • Choice of Account Types
  • Customer Support to 25 Locations
  • Limited Bonuses or Promotions

Back to Top

FAQ

Is Trade.com legit?

This broker is in full compliance with three regulators, including powerhouse FCA in the UK. Therefore, it is a legit brokerage.

How do I withdraw money from Trade.com?

Traders may use bank wires, credit/debit cards, Skrill, and Neteller.

How do I log into my Trade.com account?

The login button is located in the top right corner.

What is the maximum leverage granted by Trade.com?

This is asset and account dependent, with 1:300 listed as a maximum.

Can I trade forex with $100 at Trade.com?

This broker offers a micro account starting from $100.

Back to Top

Summary

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.

Back to Top

User Reviews

Did you have a good experience with this broker? A bad one? Tell our team and traders worldwide about your experience in our User Reviews tab. Your email address will not be posted.

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed.



1 User Reviews
Poor Man

I have no real complaints. I would have liked to make some money. But it was ok time.

Comments
Add Comment
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Back to Top