Trade.com review

Trade.com review

Minimum deposit

0 GBP

Bonus

25 USD

Maximum leverage

1:300

Spreads

from 2 pips

Licences

CySEC, FSCA

US Clients

No

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 Trade.com review and you will find out if it is worth to jump into trading with this company.

Software Software: MetaTrader 4, MetaTrader 5, Web Based, cTrader

SoftwareCurrencies: USD, EUR, GBP, AUD, CHF

SoftwarePayment Methods: Bank Wire, Visa, MasterCard, Neteller, Paypal, Skrill

SoftwareRestricted Countries: USA, Israel, Islamic Republic of Iran, Iraq

Trade.com Broker at a Glance

Recently, the website of the 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 Trade.com review we found out that Trade.com broker is based in Cyprus and is a brand name of LeadCapital Markets Ltd.

trade.com home

The company is regulated by CySEC with a unique license 227/14. As most of the regulated brokers, Trade.com does not offer its services to US citizens. The broker is also licensed by the FSCA, a South African financial regulator, which might enable tTade.com South Africa operations to be possible sometime in the future. For now, the broker only offers their services in the EU, with Belgium being the only exclusion.

Trade.com Review in a Nutshell

  • 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 have learned their lesson and fixed those issues.

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Trade.com Accounts Review

There are three trading accounts available

Trade.com Accounts Review

The newcomers signing up with any of these accounts enjoy multiple privileges such as personal training, 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.

The main trading platform is MetaTrader4, a simple app for experiencing powerful trading with various assets, and  WebTrader – an online interface with no need to be downloaded.

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 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 received bonus (if you got $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.

Trade.com Trading Conditions 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. Support specialist was friendly and explained how to use their web platform in details.

Trade.com Review Conclusion

Trade.com Forex broker can be a decent choice for the beginners. Some of the experienced traders will still find this broker as a good fit for them. 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 considering the fact that 71.36% of all retail CFD trading accounts end up losing money.

Open A Demo Account with XM

Comments (12 comment(s))

Shehar Khan
May 10, 2016
They are Scams. Just want to tell everybody that they are not reliable and 100% scam. Shehar Yar
    Muhammed AH
    July 29, 2016
    hay sir Trade.com is not good? im new in the field so plz help me.
Shehar Khan
May 10, 2016
trade.com is a total scam. If anybody want to get rid of their money than he/she should go to trade.com. Shehar Yar
Adnan Younos
May 27, 2016
My Account migrated from Markets.com to Trade.com. My account Manager is very supportive and they are not scammers. I don't have any problem with this broker. Only problem is that the spread in some currencies pairs and commodities are high and secondly international withdraw money transfer time is about 5 to 7 days. But overall its a good broker and no such a big problem faced with this broker. I recommended this broker.
    Muhammad Ali Syed
    October 6, 2016
    THANK YOU
      Adnan Younos
      October 7, 2016
      Welcome Muhammad Ali Syed
Adriana Brown
July 2, 2016
Definitely will stay away from Trade.com this post only confirmed my suspicions, so thanks for this. There are so much better broker than this one so I don't understand why would you stay with this one that has higher spreads than others and withdrawing is taking to much time
Andrew
September 5, 2016
New broker with average trading conditions and offshore registration. So i advise you to look for real STP/ECN broker with solid license. If you don’t know how to choose the best broker for you, read here http://topforexbrokers.net/ecn-forex-brokers/
todd
December 15, 2016
One of the great things that Best-trades can brag about is how they practice DIVERSIFICATION. They will only make you trade with fair assets with a minimal chance of losing your capital. Your personal broker will not let you trade on assets without significant movement to ensure your profit. You will see your profit reflected on your account immediately after winning a particular trade. All information that a trader will need is presented on their account conveniently. There are over 100 asset choices that awaits all traders every trading session. In my humble opinion, I just started with them 3 months ago but as of Dec 2016 happy they offer what my other platforms do not.
Arnaud Minet
December 16, 2016
I am currently trading with Best-Trades. My experience with them I believe is exceptional. When you open an account with Best-trades, you will automatically be partnered with an expert broker. When they say expert, these are people with 85% and above success rate. Anyone with a lower success rate than that are not allowed to do trades with their traders. That is why it is their best interest that the traders will win the trades. Another thing is, since they focus on excellent customer service, they made everything accessible for all the traders. They have vast educational platforms ready to develop your level of ability in trading. They have interactive books and videos designed for all traders that will help you increase your profitable strategies.
Malcolm Data
December 16, 2016
Been Trading with Best-Trades for 3 years now. Security is I think what they should be proud of. Best-trades is partnered with almost all the major credit card companies that you could think of. They also comply with the anti-money laundering policy. Every withdrawal made by traders would take maximum of 48 hours since the compliance team needs to ensure that all withdrawals are legitimate and done by the account owner.
Charlie Morgan
December 16, 2016
With my current trading company which is Best Trades, there are a variety of options available when it comes to placing trades. As a trader I can select from high/low options, one touch options, option builders, Meta chart options and the potentially very profitable but somewhat more complicated ladder options. The options listed on Best Trades platform can also be traded on several different expiration times such as 60 seconds, 15 minutes, 30 minutes, 1 hour and 24 hours. Assets that can be traded can be selected from currencies, stocks, indices and commodities. Sounds hard and complicated but all is easy with their Broker's guidance.