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Owned and managed by Leadcapital Markets Ltd, which is a Cyprus Investment Firm; Trade.com is an online broker dealing in Forex, indices, bonds, commodities and EFT’s trade. As it is a CIF, the firm is regulated by the Cyprus Securities Exchange Commission (CySEC licence no 227/14). Trade.com’s head office is located in Nicosia, Cyprus.
With a goal of increasing skill sets and proficiency amongst traders, Trade.com keeps them abreast by educating them about various trading methods and strategies. Trade.com makes sure they constantly update their market analysis to make sure their traders stay ahead of their game.
Trade.com Regulations
Being a Cyprus based company, trade.com lies under the regulatory jurisdiction of CySEC. CySEC abides by the same high standards followed by FCA (UK’s Financial Conduct Authority); also note, it meets with the strict requirements laid down by Markets in Financial Instruments Directive (MiFID), which allows Trade.com to passport its Cyprus (CySEC) authorisation to the states within the jurisdiction of European Economic Area (EEA). To conclude, Trade.com is a trusted source for all your trading needs.
Reliability
Being regulated with CySEC comes with its share of reassurances. As a mandate under the regulation, Trade.com is required to maintain sufficient funds to meets its capital adequacy ratio. The traders have the added edge of a claim to compensation of up to €20,000 (maximum limit) in the event of Trade.com facing insolvency.
Moreover, CYSEC makes it a requisite for Trade.com to maintain separate accounts for the trader’s and the broker’s funds in tier 1 banks. This makes trade.com a reliable source for trading and due to the stringent regulatory procedures, has given it quite a good credibility in the market.
Trading Platforms
Trade.com has the popular meta-trader 4 (MT4) and its proprietary web trader platform.
MetaTrader4 (MT4)
It’s a well – known platform, used by many traders and brokers. It is a comprehensive software that provides a robust view of the market with an access to more than 300 instruments.
Web trader
Easily accessible through any web browser, Trade.com’s web trader is a flexible trading platform developed by experts in the field. With a user –friendly, easy- to-use interface it is an ideal choice for traders. The traders have an access to over 2000 assets on this platform. The feature ‘Trading Cubes’ allows the traders to access various instruments in methodical format, this definitely makes trading on this platform a lot more effortless.
With access to advance charting options, real –time price movement, and various other technical markers, traders can have all the information to make optimal trading decisions.
Mobile Trading Platform
Both, Meta Trader 4 (MT4) & Trade.com Web Trader are available in their app version on Android and IOS, one can download these from Google Playstore or Apple Store.
Trade.com Account Types
Trade.com offers you four main choices of accounts, namely – Basic, Classic, Gold and Platinum. Each account comes with a minimum deposit and set of advantages.
In addition to the above, it also offers a practice account for beginner traders who are new to the market and want to hone their trading skills before they take on live trading. They also have a number of educational videos and daily market analysis for traders to benefit from.
Spreads & Commissions
No commissions are charged by Trade.com; they make their earning by levying a small spread on top of BID and ASK price. The spreads charged by Trade.com are competitive by the industry standard.
The chart below displays typical spreads charged by Trade.com
Withdrawals & Deposits Options
Like most major players, Trade.com accepts a variety of payment methods like – Debit/Credit cards, Bank Wires and major e-wallets like Skrill, Webmoney, QIWI and Neteller. The trader can use any of these mediums to make deposits and withdrawals. The processing time of Trade.com is quite efficient, it processes most withdrawals the same day as the request is made, and the funds are credited to the medium requested by the trader. In some cases it may take more than a day for the withdrawals to be processed based on the medium of the transaction.
Bonus & Promotions
Trade.com offers only a loyalty programme for its traders. The table below highlights the percentage of the reward a trader will reap for the tenure of their account with Trade.com. Unlike other players, trade.com does not run any other promotions.
Customer Support
The traders can get in touch with the support team via telephone, email and chat. Localized support is available in most countries.
Trade.com has made educating traders its priority and hence runs an educational centre equipped with various trading tutorials; it also offers access to Trading Central which equips traders with independent analysis of the market. Trade.com often gains an edge due to these programmes.
Trade.com Q&A
Is Trade.com regulated?
Yes, under the CIF license number 227/14, by the Cyprus Securities Exchange Commission to LeadCapital Markets Ltd.
Where is Trade.com based?
Trade.com is based in Nicosia, Cyprus.
How does Trade.com make money?
Trade.com charges a small spread on the BID and the ASK price.
How to deposit in Trade.com account?
Trade.com supports deposits through credit/debit cards, bank wire transfer and eWallets such as Skrill or Neteller.
How to withdraw money from Trade.com?
Trade.com supports withdrawals done through credit cards, eWallets or bank wire transfer.
How to open an account with Trade.com?
It’s simple to open an account with Trade.com; one must fill the registration form, with all the necessary documentations required for verification.
Is Trade.com reliable?
Yes, Trade.com abides to all the regulatory requirements levied by CySEC.
Does Trade.com use MetaTrader?
Yes, it does.
What is Trade.com’s leverage?
Trade.com offers the maximum leverage of 1:300. It often depends on the assets.
Is Trade.com a scam? How safe is broker name?
No, it is not a scam broker. It is well–recognised in the market as a reliable trading platform.
Conclusion
Trade.com has made a mark as a reputed online forex trading medium in a short span of time. It provides quality services and a wide range of instruments and assets; it is well regulated. These are some of the factors that have helped establish Trade.com as a reliable source for online trading. It’s training and educational programme gives it an edge over its competitors and makes it a favourable choice amongst the online trading community.
Ttrade.com Rating
Pros
- A lot of trading options to choose from
- Very easy to use web trading software
- Up to 1:300 Leverage
- Well regulated
Cons
- Does not accept Bitcoin
- High Spreads