Home / Best Forex Brokers / Trade.com Review

Trade.com Review

FX Author By Jeffrey Cammack Author Information Updated: June 12, 2020
Overall Rating
3.70 3.70 / 5
Min. DepositGBP 100
Max. Leverage30:1
Min. Spread1.8 pips
Regulators CySEC,FSCA
Regulator Origin CySEC FSCA
Trading Desk Type

Summary

Trade.com is a multi-asset market maker with MT4 support and a range of account types. Trading conditions are good, and the more expensive account types have very tight spreads. The Micro Account is excellent value and dedicated customer support is available for those with higher minimum deposits.

Regulated by CySEC and the FSCA, Trade.com has committed to a secure system for managing client funds and protecting the brokerage from illegal activity.

Reviews

Regulation 11111
Trading Conditions 1110.50
Trading Platforms 11110.5
Deposit & Withdrawal 11100
Education & Research 10.5000
Assets Available 1110.50
Customer Service 1110.50
Beginner Friendly Standard
Bonuses
Our Review Process

Trading Conditions

Minimum DepositGBP 100
Base currenciesUSD, EUR, GBP, AUD
Number of FX Pairs55
Hedging Allowed Yes
Scalping Yes
Islamic Account No

Average Spreads

EUR / USD3
GBP / USD3
USD / JPY3

Company Details

Company nameLeadcapital Markets Ltd
Founded2013
Website www.trade.com/en
Type Market Maker
Regulators CySEC,FSCA
Office locations Cyprus

Deposit & Withdrawal Methods

Supported Platforms for Trade.com

Is Trade.com Safe?

Trade.com is a trading name operated by Trade Capital Markets (TCM) Ltd and Livemarkets Limited. Trade Capital Markets (TCM) Ltd is authorised and regulated in Cyprus by the  Cyprus Securities and Exchange Commission (license number 227/14) and authorised in South Africa by the Financial Sector Conduct Authority (FSP number 47857). Livemarkets Limited is authorised and regulated in the United Kingdom by the Financial Conduct Authority (Firm Reference Number 738538). 

Trade.com is a market maker broker but, in line with regulation, Trade.com has processes in place to ensure traders get the best execution they can on behalf of their clients, and a conflict of interest policy published for reasons of transparency.

With regulation by CySec, the FCA and the FSCA in South Africa, we consider Trade.com safe, but this broker has yet to receive any industry awards.

Trading Conditions

Trading conditions are in line with other similar market makers, and – like most brokers – the more money you lay down as a minimum deposit, the better your trading conditions will be and the more perks you will receive. These perks include a dedicated account manager, premium daily analysis, premium customer support and access to Trading Central – a third-party analytics service.

Accounts Types

Five account options are available in addition to the free demo account. Each account tier has an increased minimum deposit and comes with additional features or analysis – as a market maker, no commissions are charged on any account.

  • Micro Account – This entry-level account requires a minimum deposit of 100 USD and has a minimum spread of 3.0 pips on the EUR/USD. Apart from the low cost on this account, there is little to recommend it as it comes with no additional tools or customer service.
  • Silver Account – The Silver Account requires a minimum deposit of 1,000 USD and spreads are reduced to a minimum of 1.9 pips on the EUR/USD. In addition, clients with this account will have access to daily analysis and a dedicated account manager.
  • Gold Account – The Gold Account requires a minimum deposit of 10,000 USD but comes with premium daily analysis and access to Trading Central. Spreads on EUR/USD are down to 1.5
  • Platinum Account – The Platinum Account has the same features as the Gold Account, but with a premium customer support, spreads of 1.2 pips on the EUR/USD and a higher minimum deposit of 50,000 USD.
  • Exclusive Account – This has all the same features as the Platinum Account but spreads are down to 1 pip on the EUR/USD – though the minimum deposit is 100,000 USD.

Deposit and Withdrawal Fees

The minimum withdrawal amount for all methods, excluding bank transfer, is 20 USD, where the minimum is 100 USD. Any request below this amount will have charge of 10 USD for all methods, excluding bank transfer, where a 50 USD will be charged for the wire transfer. Apart the above restrictions, you will not be charged any deposit/withdrawal fees, as they are all covered by Trade.com.

While the withdrawal fee is clear, this information is found hidden in the terms and conditions. In order to act in the best interest of the client, this information should be more prominently placed and with more emphasis on exact timelines for processing payments.

Inactivity Fee

If there is no trading or funding of an account for 90 days, your account will be considered inactive and a monthly administrative fee of 25 USD will be charged against it. Should the account be inactive after 12 months, an administrative fee of 100 USD per quarter will replace the monthly inactivity fee.

Trade.com for Beginners

With decent third party educational material and a support team dedicated to assisting new traders with MetaTrader, Trade.com is a decent broker for beginners, as long as the platforms and account suit your funding requirements.

Educational Material

The education section at Trade.com is free and is broken down into four sections – a Beginners Course, MT4 Tutorials, Trading Tools and Trading Strategies. Most of the material available are video tutorials, which are easy to understand and worth watching for any beginner. The beginner course acts as an introduction to Forex trading and includes trading basics, trading psychology, and an introduction to strategy. MT4 tutorials concentrate on the installation and setup of the software and touch on some of the basic features of placing orders and configuring graphs.

Trading tools are a more prominent section that gets into more detail about who to trade. Included is an overview of the trading market, the psychology of trading, risk management and two chapters on basic and advanced technical analysis. The trading strategies course offer both beginner and more advanced strategies in detail, concluding in a section about semi-automatic trading strategies.

Analysis material

Trading Central is available for Gold, Platinum and Exclusive Account levels, along with the premium market analysis. Lower deposit accounts will need to survive with a daily market analysis email and a news feed that is aggregated from other news sources.

Customer support

Support is available via live chat and email from Sunday 22:00 GMT till Friday 22:00 GMT – 24/5. A dealing desk phone number is available for making traders when away from the computer, but this number does not offer any technical support.

Trade.com Trading Platform

Trade.com offers clients a single choice of trading platform – MetaTrader 4 and the accompanying WebTrader that runs in your web browser. While not the most beginner-friendly software, MT4 has been the industry standard for trading Forex and CFDs since 2005. Trade.com has a dedicated support team to help clients install the software, adjust the settings, and answer questions to get you going. This support is available for all account types including demo accounts.

Mobile Trading Apps

Trade.com supports MetaTrader4 mobile application for Android and IOS, which offers clients seamless integration with MT4 desktop and Web Trader.

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the Trade.com offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Trade.com Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. Trade.com would like you to know that: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.84% 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.

Overview

Trade.com is a reliable choice for those looking for a broker with good customer service and cheap, zero-commission micro account. Trading conditions are good without being incredible, though the best trading conditions are only available on account types that are too costly for many potential clients. Support for MT4 makes Trade.com more appealing for those who moving from another MT4 broker.

Alert Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 1110.50 3.70 / 5 11110.5 4.18 / 5 11110.5 4.58 / 5
Minimum DepositGBP 100GBP 100GBP 5
Regulation
CySEC CySEC
FSCA FSCA
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
CySEC CySEC
ASIC ASIC
IFSC IFSC
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, ETFs, BondsCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFsCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies
Forex Pairs5550+57
Crypto Pairs418
Pros
  • Well regulated
  • Wide range of assets
  • Good for beginners
  • Well regulated
  • Low minimum deposit
  • Well regulated
  • Excellent education
  • Wide range of assets
  • Fast and free withdrawals
Cons
  • Limited education
  • Wide spreads
  • Dealing desk
  • Limited education
  • Dealing desk
Read Full Review Read Full Review
Regulation 11111 5 / 5 11110 4 / 5 11111 5 / 5
Trading Conditions 1110.50 3.5 / 5 11111 5 / 5 11110.5 4.5 / 5
Trading Platforms 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Deposit & Withdrawal 11100 3 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Education & Research 10.5000 1.5 / 5 11000 2 / 5 11111 5 / 5
Assets Available 1110.50 3.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 1110.50 3.5 / 5 11110 4 / 5 11110 4 / 5
% Lose with this broker 71.36% of retail investor accounts lose money when trading CFDs with this provider 79% of retail investor accounts lose money when trading CFDs with this provider 69% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:130:130:1
Spread1.8 pips0.9 pips0.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Silver (Professional)
  • Retail (Standard)
  • XM Zero (Standard)
Islamic Account No Yes Yes
Trading Platforms MT4 , MT5 , Sirix MT4 , MT5 MT4 , MT5
Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Neteller POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay
Trading Commission Fees Included in Spread Fees Included in Spread 7 USD / lot - XM Zero Account
Clear all brokers Clear all brokers

Trade.com

Visit Website

AvaTrade

Visit Website

XM

Visit Website
Overall Rating 1110.50 3.70 / 5 11110.5 4.18 / 5 11110.5 4.58 / 5
Minimum DepositGBP 100GBP 100GBP 5
Regulation
CySEC CySEC
FSCA FSCA
ASIC ASIC
FSCA FSCA
B.V.I FSC B.V.I FSC
FSA FSA
CySEC CySEC
ASIC ASIC
IFSC IFSC
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, ETFs, BondsCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFsCommodities, Cryptocurrencies, Forex, Indicies, Metals, Equities, Energies
Forex Pairs5550+57
Crypto Pairs418
Pros
  • Well regulated
  • Wide range of assets
  • Good for beginners
  • Well regulated
  • Low minimum deposit
  • Well regulated
  • Excellent education
  • Wide range of assets
  • Fast and free withdrawals
Cons
  • Limited education
  • Wide spreads
  • Dealing desk
  • Limited education
  • Dealing desk
Read Full Review Read Full Review
Regulation 11111 5 / 5 11110 4 / 5 11111 5 / 5
Trading Conditions 1110.50 3.5 / 5 11111 5 / 5 11110.5 4.5 / 5
Trading Platforms 11110.5 4.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Deposit & Withdrawal 11100 3 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Education & Research 10.5000 1.5 / 5 11000 2 / 5 11111 5 / 5
Assets Available 1110.50 3.5 / 5 11110.5 4.5 / 5 11110.5 4.5 / 5
Customer Service 1110.50 3.5 / 5 11110 4 / 5 11110 4 / 5
% Lose with this broker 71.36% of retail investor accounts lose money when trading CFDs with this provider 79% of retail investor accounts lose money when trading CFDs with this provider 69% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:130:130:1
Spread1.8 pips0.9 pips0.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes Yes
Account Types
  • Silver (Professional)
  • Retail (Standard)
  • XM Zero (Standard)
Islamic Account No Yes Yes
Trading Platforms MT4 , MT5 , Sirix MT4 , MT5 MT4 , MT5
Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Neteller POLi, Visa, Mastercard, Skrill, Neteller, Paypal, Bank Transfer Bank Transfer, Sofort Banking, Visa, Mastercard, Maestro, Skrill, Neteller, Bitcoin, Unionpay
Trading Commission Fees Included in Spread Fees Included in Spread 7 USD / lot - XM Zero Account
Visit Trade.com

Alert Most retail CFD accounts lose money. Your capital is at risk.

>