Revolutionising Trade.com Forex Broker Review – Not Verified

Trade.com is not verified from our experts and we advise you NOT to trade there at that moment! You can choose from our alternative Forex brokers such as 24Option and XM, or just pick one from our list with the best companies which you can find here!
Reward: N/A
  • Licence:
  • CySEC
  • 227/14
Accepted Payment Methods: VISA, VISA Electron, MasterCard, Skrill, Neteller, Wire Transfer and more
Min. Deposit: $250
Broker Rating:
  • Reward: 1.0
  • Platform: 1.0
  • Mobile: 1.0
  • Live: 1.0
Overall Score: 1.00/5
Featured Platforms:
  • WebTrader and MetaTrader 4
Broker Info
  • Company: Leadcapital Markets Ltd
  • Founded: 2009
  • Headquarters: Cyprus
  • Phone: +44 203 150 0204
  • Email: support@trade.com

Foreign exchange currency programs are often exciting, but somewhat confusing, entities to get your head arounds. Otherwise known as Forex brokers, many options out there exist for you to pick from. One popular name that has come up in recent times is that of Trade.com. Is this a broker that you should look to have access to?

Who are Trade.com?

Trade.com was formed in 2009 and is based out in Cyprus. They have become a very popular platform for a lot of people in the industry to work with. Not only is Cyprus a very highly regulated nation, with CySEC regulation required for Trade.com, but the general standard of quality of Cypriot brokers is very high.

That is why, for many people, Trade.com has become a go-to place for help with creating a much more open, welcome experience. Trade.com has a rich history of over a decade now, and it has become a well-respected name thanks to their global trading capacity.

To get started on a classic account, you need just $100. However, their premium account would require you to invest at least $10,000 into the system. Depending on the account type you open, you get access to various other features. However, all accounts – classic, standard, or premium – will receive:

  • Daily analysis in the morning;
  • Desktop and mobile trading options;
  • 24-hour per day customer service;
  • A dedicated account manager;
  • Trading tools and support via video tutorials and an account manager.

Bonus Offers and Promotions Overview

Like any good platform, this is a broker that has some pretty decent promotions for you to look through. However, they do not have too many high-end promotional campaigns, so don’t expect to get anything too life-changing here. You also get a welcome bonus when you sign up, but further inspection of the bonus means that you will need to make 60x what you got from the bonus to be able to withdraw it.

Be sure to look closely at their terms and conditions for any promotions available before you sign-up, as some of their promotions can be quite hard to activate without consistent trading success.

Platforms Provided

They use a series of the most popular platforms, including WebTrader and MetaTrader 4. If you have ever used a Forex broker before, you will know both systems. They are easy to use, and can both be used on desktop and mobile for easier, simpler trading. The trading aspect is very easy to manage, as is the general learning of both WT and MT4. This should help you to get to grips with both systems, which are among the most popular on the market.

You should have little to no problem in getting to use with the platforms, especially with the Demo account that you can try out. This should make it nice and easy for you to work through the process, giving you access to the information that you need about how both platforms operate.

Regulations and Security

While this is regulated by CySEC generally, it also is in full compliance with the MiFID and the FCA as well as various other regulatory bodies. You should therefore have no worries about the safety or legitimacy of this service.

In terms of the level of security provided, this is a site that must meet Cypriot investment needs of having at least €1m in the bank for stability. They are also members of the Investor Compensation Fund, meaning that you are covered for up to €20,000 should the company become insolvent. Therefore, you should have no worries or fears about their regulatory practices.

Education & Support

You will get access to a lot of extra content to learn from, too, with all manner of support materials to help you learn about things like analysis, developing strategies, and even just how to use the platforms. Users can try out a demo account, too, which should make it a bit easier for you to get to grips with the challenges presented by the system.

Overall, the education standards are very high. This should really go a long way to helping you solve the problem and ensure that you can slowly but surely pick-up how to trade accordingly. Great for beginners, but also some good bits of value for veterans.

With regards to the level of support that you get, this is a very high-end platform that offers a huge amount of help. They have e-mail and chat services as well as telephone chats that can cover as many as 25 nations. This ensures that you have an easy time picking up the phone and getting support for whatever issues you face. Should you have any problems in using your account, this should make it a bit easier for you to get the help that you need thanks to their simple and professional support.

Withdrawals and Deposits

Withdrawals and deposits are easy enough, with major credit and debit cards accepted alongside bank wire transfers. Skrill is also accepted alongside a host of local payment processors. We would recommend contacting their support platform to find out if they accept any particular processor that you might look to use; with so many to pick from, you might not be 100% sure where to start.

That is why we recommend that anyone looking to use Trade.com gets used to their variable methods for funding. Withdrawals and deposits are usually fairly quick, and with a minimum of just $100 on the basic account you can try this out without too much issue.

Verdict

A solid all-round broker without too much in the way of special features or thrills. While that might be just what you are looking for, you won’t find Trade.com does anything radically different from most other big-name traders. In fact, that is a big part of why so many people use it: it’s simple, easy, and professional.

So, be sure to take a closer look at this and you’ll’ soon understand why so many users put their faith in this platform. It might not be the most exciting, but it’s easily one of the most reliable trading brokers around.