Trade.com is another online brokerage that suggests MarketFx, cryptocurrencies, and other tools. The head office of the company is located in Cyprus. It operates since 2013. Trade.com caters to more than 100,000 users. One can choose between 2,100+ assets from 5 different categories to trade.
Today, with the growing popularity of mobile apps, Trade.com is a mobile trading platform. Users access trading tools, watch lists, account info, and order types directly from their phones and tablets. In addition to CFDs, Trade.com offers direct market access (DMA) with 125 markets. The company is regulated by the Cyprus Securities and Exchange Commission (CySEC).
How Safe IS It to Use Trade.Com?
This broker is regulated, and it is located in the EU, which is good news. The capital is at risk in any case, but Trade.com is at least supervised by an authoritative regulatory body. It means that the company does not manipulate market fees. In case this brokerage breaks any regulations, clients can complain about it to the regulatory body, and the status of the company will be stripped.
The broker claims to keep all the users’ funds safely in a segregated bank account. They also implemented tier-one banks to increase the security of payments. We can say that Trade.com is a safe, legitimate online agency. The regulatory body protects the rights of the users.
The system allows developing a couple of accounts. At least, experts recommend having both: a demo version with virtual money and the one with the real funds. The demo account is a free trial.
What about Deposit and Withdrawal?
The primary payment options at Trade.com are banking wire transfers and credit cards. However, some other systems are also compatible (e.g., Skrill and Safeguard). Usually, the team handles withdrawal requests fast. The users should attach globally mandated identity docs to prove their identities and be able to transfer and receive funds. That is the only condition for quick withdrawals. The company segregates stored funds, so they are well-protected.
As for the trading conditions, they are among the best when it comes to Trade.com. The users do not have to pay any broker commission. It is a rare benefit when it comes to the world of MarketFx. Also, the competitive spreads on CFD tools are present, with no exceptions. These spreads are tight enough, meaning the best rate for the traders. You can watch for spreads for every tool on the site, as well as those for non-users of Trade.com. The pricing structure is rather transparent.
Currently, Trade.com offers more than two thousand assets to trade. The default amount at this platform is 50:1. As soon as you learn more about the world of trading and master new strategies, you can get more leverage.
Client Support and More Features
The local support works from 22:00 Sunday to 22:00 Friday. Yes, it is not round-the-clock, but responds pretty fast, and always provides useful recommendations. It is possible to reach out to the representatives of Trade.com using live chat and email. If you do not manage to catch one of the reps, you can send your quote or request at any time, and the team will react as soon as possible. Customer support members are all skilled and helpful.
As for the trading process, you can do it directly from the WebTrader platform – a native system created by this company. Also, one can use MetaTrader4 at Trade.com. The first one is well-optimized to run on any device: from personal computers to smartphones. The users will obtain a great variety of instruments and indicators. Some of the tools include popular Expert Advisors with valuable tips and different charting instruments (if you choose MT4). Overall, one can deal with more than two thousand assets.
It is simple to trade via Trade.com. Users will find numerous Forex pairs and user-friendly tools. It is a regulated, legal, and safe EU brokerage. The spreads might seem high, but the absence of commissions and fees might compensate for this disadvantage. Just think about whether you wish to play with high volumes, and you will find the answer: if Trade.com really suits your expectations and desires.