Trade.com review – A serious broker for serious traders

To experience good quality and profitable trading, you should be ahead of other members of the financial market. At first, it will be hard as to become advanced you will need time to find a good partner that will fulfill your expectations. In this article, we will go through a broker company, which aims to engage traders to the highest levels of proficiency. Read the Trade.com review and you will find out if it is worth jumping into trading with this company.

Trade.com Broker at a Glance

Recently, the website of Trade.com has gone through a redesign process. We have decided to check whether it is just a website or also the quality of offered services that have got a new appearance. During the Trade.com review, we found out that the Trade.com broker is based in Cyprus and is a brand name of LeadCapital Markets Ltd.

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The Safety and Security of Trade.com

The company is regulated by the Mauritius Financial Services Commission. Like most of the regulated brokers, Trade.com does not offer its services to US citizens.

The broker offers negative balance protection and is part of the investor compensation fund further solidifying its safety.

Trade.com Fees and Spreads

The broker excels in providing traders with low spreads. The average spreads for various assets are as follows

• Gold from 0.14
• EURUSD and USDJPY 0.15 pips
• GBPUSD from 0.3 pips
• DJ30 from 3
• DAX40 from 1.4
• US TECH 100 from 1.4
• Crude Oil from 2

The fact that spreads for USDJPY are the same as for EURUSD further increases Trade.com’s attractiveness.

Trade.com is transparent about all of its fees and mentions all of them on its website. This is always welcome from reliable brokers as scammers love to hide their fees. No fees are charged for deposits and withdrawals.

The broker charges annual inactivity fees for accounts that are dormant for more than 90 days. No other fees are charged.

Trade.com Accounts, Deposits, and Withdrawals

The broker upgraded their accounts systems and is now providing four different account types.

The newcomers signing up with any of these accounts enjoy multiple privileges such as personal training, an exclusive educational package, and multilingual customer support. Those privileges can be very useful for beginners, especially if there is something unclear during their first days since they can directly contact support in their native language.

Traders can register an account and start trading for as low as 10 USD on the mini account. The spreads for the mini account start from 1.4 pips for major pairs, there are no trading commissions for Forex pairs. However, the commission applied to shares trading is 0.16%, and for cryptos its 0.5%.

Both the commissions and spreads are lower for the Plus account which is the most popular among traders. Spreads start from 1 pip which is the industry average and sufficient for day trading, shares commission is 0.12%, and cryptos have the same 0.5% commission as for Mini accounts. The initial deposit for the Plus account is considerably higher than the mini starting from 5 000 USD.

Pro and ECN accounts are targeted at traders with considerable trading budgets but offer much lower spreads and commissions. The Pro account has spread from 0.8 pips, commission for shares 0.08%, commission for cryptos 0.5%, and initial deposit requirement of 50 000 USD. ECN offers 0.1 pips spreads for 0.04 USD per unit for Forex and metals, 0.5% for cryptos, and 0.08% for shares.

As we can see the broker offers diverse trading accounts to appeal to all kinds of traders with different budgets. Mini accounts will be sufficient for beginners to learn to trade, while the Pro and ECN target experienced traders with big budgets.

Deposits and Withdrawals

All deposits and withdrawals are free of charge. Trade.com offers a wide range of payment options including wire transfers, bank cards (Visa/ Mastercard), Neteller, and Skrill. Payment methods are all reliable, fast, and secure. All of the payment channels are regulated by FCA and other respected authorities leaving no room for scams and frauds.

Trade.com Trading Assets and Features

• a wide range of trading instruments (including commodities, bonds, and CFDs) with about 2100 assets available for trade
• no commissions on CFD trading
• margin requirements of 2-5%
• tight spreads, with some being fixed and others being variable
• leverage for different types of assets is up to 1:300
• default leverage is 1:30, to get more, users will have to be categorized as professional traders.

There are some complaints about this brokers’ demo account stating that it differs tremendously from the real trading account. During our review, we did not find out any differences between the demo and real accounts in terms of order execution speed or anything else. Seems lite Trade.com has learned its lesson and fixed those issues.

Trade.com Promotions and Terms

Trade.com does not really promote bonus campaigns, but there is still a possibility to claim it and it will be added to your account balance, as long as you claim the bonus within a certain timeframe during with the promotion is active.

You can withdraw after executing a minimum trading volume of $10,000 (expires in 90 days, though section 4.3 has a contradiction, that since the bonus is granted there is a 60 days expiration period for the bonus). Without meeting these requirements, the campaign might be canceled and losses will be deducted from the original deposit. If the Trade.com FX broker will suspect any violation, it may also result in an investigation and frozen account and funds.

Detailed conditions for this bonus, suggest that to withdraw you need to make 60 times the value of the amount of the received bonus (if you got a $500 welcome bonus, there is $30,000 to generate before withdrawal).

Thus, keep in mind, that trades placed higher than 50% of your then-current balance will not be counted into minimum trade turnover.

Trading Platforms

The main trading platforms are MetaTrader4 and MetaTrader 5, a simple app for experiencing powerful trading with various assets, and  WebTrader – an online interface with no need to be downloaded. Both platforms are offered for smartphones. 

Trade.com Customer Support Review

As we already found out, the customer support of this broker is also helpful. The good thing is that it is available in different languages and via several different methods.

We have tested their English email customer support and there is nothing bad we can say about them. The support specialist was friendly and explained how to use their web platform in detail. Live chat, online form, email, and hotline are all available and easily accessible on the broker’s website.

Trade.com Education

Trade.com mainly targets traders with considerable experience and budget. There fore there are only advanced market research tools offered. The lack of educational resources is the downside of the broker, but tools will more than make up for it. Economic calendar, Trading central signals, an advanced platform of TradingView, and Weekly CFD expiration dates and rollovers, all are accessible freely on the website.

Should you consider Trade.com? The Review Conclusion

Trade.com Forex broker can be a decent choice for experienced traders. Web trading platform is one of the benefits that should be provided by every decent broker nowadays. Just remember, no matter how the broker is, they will not be able to mitigate the risk of retail trading, especially because 71.36% of all retail CFD trading accounts end up losing money. All in all, Trade.com is a reliable broker with decent trading conditions and low fees.

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