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Trade.com Review

Author By Jeffrey Cammack Author Information Updated: November 12, 2020
Overall Rating
3.42 3.42 / 5
Rated #46 of 49 Recommended Brokers
Min. Deposit
GBP 100
Regulators
Trading Desk
Trading CostTrading Cost Information
USD 40
Website Language
English
Support Language
English
AlertAccepts UK Clients. Average spread EUR/USD 4.00 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 platform supported. Trade.com is regulated by CySEC, FCA and the FSCA. 71.36% of traders lose money with this provider.

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
111104/ 5
Trading Conditions
1110.503.5/ 5
Trading Platforms
111104/ 5
Deposit & Withdrawal
111003/ 5
Education & Research
10.50001.5/ 5
Assets Available
1110.503.5/ 5
Customer Service
1110.503.5/ 5
Beginner Friendly
Standard
Bonuses

Account Information

Base Currencies
Number of FX Pairs
55
Copy Trading
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Islamic Account
Yes

Trading Conditions

Min. Spread
1.80 pips
Commission
Fees Included in Spread
EUR/USD
3
GBP/USD
3
USD/JPY
3
Max. Leverage
30:1

Company Details

Company Name
Leadcapital Markets Ltd
Founded
2013
Office Locations
Cyprus

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.

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Display Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
Exclusive
USD 100000
30:1
1.0
None
Account Details
Gold
USD 10000
30:1
1.5
None
Account Details
Micro
USD 100
30:1
3.0
None
Account Details
Platinum
USD 50000
30:1
1.2
None
Account Details
Silver
USD 1000
30:1
1.9
None
Account Details
  • 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. 71.36% 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.

AlertAccepts UK Clients. Average spread EUR/USD 4.00 pips on trading account with lowest minimum deposit. Max leverage 30:1. Islamic account available. MT4 platform supported. Trade.com is regulated by CySEC, FCA and the FSCA. 71.36% of traders lose money with this provider.
Scroll for more detailsPreviousNext
Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
1110.503.42/ 5
GBP 100
Market Maker
Commodities, Cryptocurrencies, Equities, Bonds
55
4
  • Well regulated
  • Wide range of assets
  • Limited education
  • Wide spreads
111104/ 5
1110.503.5/ 5
111104/ 5
111003/ 5
10.50001.5/ 5
1110.503.5/ 5
1110.503.5/ 5
71.36% of retail investor accounts lose money when trading CFDs with this provider
30:1
1.80 pips
Yes
Yes
Exclusive, Gold , Micro, Platinum
Yes
MT4, MT5, Sirix
Bank Transfer, Mastercard, Skrill, Neteller
Fees Included in Spread
1110.503.33/ 5
GBP 200
Market Maker
Commodities, Cryptocurrencies, Forex, Equities
47
16
  • Well regulated
  • Good for beginners
  • Innovative trading tools
  • Limited education
  • Wide spreads
11110.54.5/ 5
110.5002.5/ 5
111104/ 5
110002/ 5
10.50001.5/ 5
111104/ 5
111104/ 5
71% of retail investor accounts lose money when trading CFDs with this provider
30:1
1 pips
Yes
Yes
Professional, Standard
Yes
etoro
Mastercard, Neteller, Skrill, Paypal
Fees Included in Spread
1110.503.73/ 5
GBP 500
Market Maker
Commodities, Forex, Equities, ETFs
48
0
  • Good range of accounts
  • Wide range of assets
  • Wide spreads
  • Limited education
  • Limited market analysis
  • High minimum deposit
111104/ 5
1110.503.5/ 5
11110.54.5/ 5
11110.54.5/ 5
10.50001.5/ 5
11110.54.5/ 5
111003/ 5
69.7% of retail investor accounts lose money when trading CFDs with this provider
500:1
2 pips
Yes
Yes
Gold, Islamic, Mini, Platinum
Yes
MT5, Sirix
Mastercard, Maestro, Skrill, Neteller
Fees Included in Spread
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Alert[fxs-site-property identifier="description"] does NOT recommend [fxs-broker-property identifier="display_name"] due to unfairly high trading costs. We suggest you continue your search using our approved brokers list.

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