Trade.com Review

Trade.com Products

With Trade.com you will always have access to the assets you want to trade. The total number of tradable assets here are around 2000. These instruments fall under stocks and shares, bonds, CFDs, ETFs, forex, commodities, and indices. That’s a lot of assets! While there are a variety of assets to choose from, Trade.com focuses primarily on currency pairs with over 55 currency pairs available. As for stocks, indices, commodities and bonds, traders have access to over 300 CFDs. Trade.com allows you to filter these assets by popularity and to create your own favorite's list on the platform.

Trade.com Trading Conditions

Their trading conditions are inarguably favourable. For instance, the spreads are competitive and tight, and there is no commission on trades. For starters, the leverage offered is 50:1for major pairs and 20:1 for others, and the value can be stretched as your skill advances. Each of the tradeable assets have their own spread and leverage parameters which are clearly explained in detail on their website.

The basic leverage for newbies is 1:50. However, as you learn the ropes of online trading, it gets extended to either 1:200 or 1:300. As for spreads, variable spreads can be as low as 2 pips for major currency pairs and 3 pips for fixed spreads. Again, detailed information for all leverage and spreads can be found in detail on their website.

Trade.com Account Types

Besides providing quite a long list of tradable instruments, Trade.com offers three main account types. The first one is a classic account, which is pretty basic and thus lacking in the number of complex features. The account’s minimum deposit is $1000, and you get access to account manager, video tutorials, daily market analysis and webinars & seminars.

The second one is a Gold account. The minimum deposit required for this one is $5000, and you get access to all the extra services given to classic users plus trading central and premium analysis. The third and best account is Platinum. The minimum deposit for this one is $25,000. The features it bags are similar to those of the Gold account.

Trade.com’s users also have access to a demo account which is funded to the tune of $10,000. Trading on this demo account is just like trading on the regular account, as all of the trading features have been enabled. How long you practice with a demo account is up to you. There is no time limit unless you exhaust the free money inside.

Their trading conditions are inarguably favourable. For instance, the spreads are competitive and tight, and there is no commission on trades. For starters, the leverage offered is 50:1. The value can be stretched as your skill advances.

Trade.com Commissions and Fees

This company doesn’t charge its client any commissions and fees. They earn their revenue from small spreads levied on BID and ASK prices. Besides adding a small figure on top of existing spreads, their values are still competitive. Their spreads vary from 2 to 30 pips. The one for EUR/USD is 2 pips. Trade.com’s spreads are not only very competitive but are offered in fixed or varied spread rates for different assets being traded. This gives the trader more freedom and control over the fees being paid through spreads. As well, there are no fees incurred for deposits or withdrawals which is a nice aspect compared to many other online trading brokerages.

The image below shows you an example of spreads found on this exchange.

Trade.com Platform and Tools

Trade.com offers an excellent selection of trading platforms and tools including a WebTrader platform and the popular MetaTrader 4 (MT4) trading platform. These two trading platforms provide traders with all the necessary tools and features that both experienced and beginner traders need to succeed. See the two platforms overviewed below.

The WebTrader

The WebTrader as its name suggests allows you to trade form any PC without having to download any software. It is enabled for mobile trading too through iOS or Android devices. Simply download the app through the relevant app store.

Features of the WebTrader

• Over 2,100 instruments available
• Easy to use interface for faster execution
• Simple navigation
• Convenient access
• Trading cubes
• Advanced charting & indicators
• Up-to-date news ticker
• Trading on the go
• Invaluable access to on line help from account management experts 24/5

The account management team, as well as the platform and website are available in 24 different languages

The MetaTrader4

The trading world’s most popular platform, the MT4 contains all of the charting features, access to EA’s and indicators to suit every trader’s level of expertise from beginner to advanced. The MT4 platform is robust, highly customizable and allows you to save any studies you have added to your charts. With MT4 you can trade directly from charts, or you can trade from the symbol list on the left hand side of the platform.

Is Trade.com mobile friendly?

This site fully supports mobile trading on both Android and IOS devices through a downloadable application that’s available on Apples App Store and the Google Play Store. The mobile applications implement all the necessary tools and features that are available on the desktop versions. The trading platform’s layout is recognizable but modified for the ease of use on mobile devices.

Trade.com promotions

This company may not be the best out there in terms of bonuses and promotions. However, with dedication you can still earn something with your deposits. Note that to withdraw your bonus, you have to make 60 times what you were given in order to claim it-within 90 days. In addition to this, Trade.com has a loyalty program. See the chart below for details.

Deposit and Withdrawals

Deposits and withdrawals are possible via some of the predominant payment methods like credit/debit card (VISA, MasterCard, Delta, Maestro, etc.), Bank Wire, Neteller, QIWI, WebMoney, and Skrill. The minimum deposit on this exchange is $1000, which is significantly higher than most other trading brokerages. The minimum deposit varies according to the account level with the Classic Account requiring $1000, the Gold Account requires $5000, and the Platinum Account requires $25000.

Withdrawals transactions are acted upon the same day they were initiated. Once approved, the money is dispatched to accounts and will reflect within a few days. The waiting period tends to be long when banks are involved.

Trade.com Customer Support

Trade.com’s customer support is dependable. They provide clients with assistance from Monday to Friday for 24 hours. However, platinum account holders have access to premium customer support. This usually means faster execution of their orders and instant response to customer tickets.

Customer support can be reached via phone, live chat or email. The platform also offers support and other services in several languages to address the problems of all their users. In addition to these traditional methods of support, traders can find answers and support to many of the questions they might have through the extensive FAQ page and resources section on the website

Trade.com Research and Education

This brokerage cares dearly for their clients through the provision of an education centre that caters to the needs of all its clients. This centre has well-detailed videos, eBooks, articles, webinars and seminars to get one ready for action. The materials on this site are practical and address the basic needs of traders unlike the general guides found in many exchanges’ resource centres. The resources and educational material available is well suited to both experienced and beginner traders and covers a wide variety of topics. All the account holders have access to these research centres; no special cases.

Noteworthy Points about Trade.com

This exchange is among the few spotless brokerage firms with a clean record and has been in operation since 2009. No incidences of hacking, fraud or anything that puts users’ money in jeopardy has ever been recorded. Additionally, the firm is under CySEC regulation which is a reputable regulatory authority. Also, clients funds are held in segregated accounts and are ensured by the Cyprus Investor Compensation Program.

With Trade.com, you have an option of choosing classic, Gold or Platinum account. The last two comes with additional privileges like premium customer support and daily market analysis. As well, the website offers support in 19 different languages and accepts traders from all over the world which create very high liquidity.

Conclusion

Within a short time frame, Trade.com has succeeded in making itself one of the go-to brokerage firm. They offer competitive spreads, fair prices, several trading platforms and above all, over 2000 trading instruments.

This brokerage also cares for its clients through the provision of an education centre that caters to the needs of all its clients. This centre has well-detailed videos, eBooks, and articles to get one ready for action. Of course, there are a few drawbacks like high deposits but nothing serious to make one not try it out.