Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
79.90% 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. 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. homepage

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Regulation and Security 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 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. regulation

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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. Pricing at trade

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What Can I Trade

The asset selection at 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. Trading conditions

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

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

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

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

Finalizing the great asset selection is four bond CFDs. Bonds trading conditions

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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 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. account types

Interactive Brokers powers DMA trading. Collaboration with Interactive Brokers

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

A professional trader classification is available to qualified individuals. Professional trader program

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Trading Platforms 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. WebTrader

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

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Unique Features

The IPO marketplace grants clients a chance to receive shares in a very volatile market section. enables IPO trading. IPO Marketplace

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Research and Education 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 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. Trading Central offering

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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. Customer Support

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Bonuses and Promotions doesn't grant deposits or host promotions.

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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. Open account form

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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. payment options

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General Information

Company Information

  • Broker's Name :
  • Headquarters : 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

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Is 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

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

How do I log into my account?

The login button is located in the top right corner.

What is the maximum leverage granted by

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

Can I trade forex with $100 at

This broker offers a micro account starting from $100.

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Summary 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.

79.90% 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.

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User Reviews

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1 User Reviews
Poor Man

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

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*CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 75,40 % of retail investor accounts lose money when trading CFDs and spread bets with this provider. You should consider whether you understand how CFDs and spread bets work and whether you can afford to take the high risk of losing your money.