The platform does not have such a wide choice when it comes to cryptocurrencies, which is a compromise for most new-age investors. Trade.com accepts deposits in all currencies supported by a wide array of payment options, which include bank transfer. So far, there have been no known allegations of financial wrongdoing by Trade.com. It is considered a reputable and legitimate operator that is regulated across three jurisdictions. However, it lacks regulation by leading financial authority FCA, which explains restrictions to access by US residents. The minimum deposit required is $100 and the spread for the benchmark EURUSD is 3.0 pips.
It does offer access to important details like trading instruments, advanced order types, a favorites watch list, charts and account information. The availability of mobile apps is dependent on your local trading policies. It has its own custom web-based trading platform alongside the industry favored MT4. For the users who prefer trading online then the cloud platform, which doesn’t require any downloads, and is platform-independent, is the way to go. Though custom platforms are fast and easy to operate, they generally do not offer the flexibility and trading options that MT4 offers. Trade.com is considered to be one of the top CFD and Forex broker in the industry.
- Leverage, or ‘gearing,’ can lead to significant profits or losses, but it also increases the risk of losses exceeding the original investment.
- It can be removed if misuse is suspected, ensuring fair usage and conformity with financial and religious values.
- Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
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Yes, as part of the Know Your Customer (KYC) process, TRADE.com asks traders to verify their identity and address by submitting clear copies of government-issued ID and evidence of residence. TRADE.com will assess your application and supporting papers when they are submitted. This procedure might take several days, depending on the quality and clarity of the papers given. Next, you must choose the trading account you want to open (e.g., Silver, Gold, Platinum, Exclusive, Demo, or Islamic Account).
Terrible Experience with Trade.com – Misleading Account Manager and No Support During Loss
It also charges conversion fees when your account and the asset being traded are in different currencies. Some traders might be surprised to find that Trade.com also charges an inactivity fee when accounts remain idle for more than 90 days. One needs to deposit significant trading funds to get his hands on this account, but as I said, this platform is great for pro traders. Trade.com (Trade.com) appears to big SCAM Dears, Trade.com appears to be a big scam. They initially encourage small investments, such as $100 to $200 and offer good returns during the first two weeks.
I started with Silver and a couple of weeks later updated to the Gold account. I had to deposit more, but now I have access to premium analysis and lower spreads. TRADE.com claims to be transparent about its charges and fees to its clients. As it is said, clients shall always know what they will be charged when choosing this broker.
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It also reserves the right to change the opening and closing prices of an order and acts as the sole counterparty to clients’ orders. This means that Trade.com operates the market maker brokerage model. I would always personally prefer to use a non-dealing desk broker such as IC Markets as I don’t really want the broker to take the opposite side of my trade.
Test of the Trade.com trading platforms
It is also secure and you can do verification straight from the platform itself. Trade.com is a regulated broker that has a huge range of over 100,000 financial instruments which you can trade on user-friendly platforms for web, desktop and mobile. There are plenty of superb tools to help with your market analysis including Trading Central. However, they do lack in educational content for beginners and don’t have the lowest spreads. Gold Account is designed for experienced traders with smaller spreads, a dedicated account manager, and access to in-depth market information. It offers additional assistance and tools for advanced trading methods to take their trading to the next level.
- Trade.com presents the MT4 platform as a downloadable desktop application for MAC and Windows computers.
- TRADE.com charges an inactivity fee if no trading activity took place in the account after 90 days or more.
- Furthermore, with sophisticated tools and customized assistance, this account suits experienced traders looking for optimum performance and profitability.
- As it is said, clients shall always know what they will be charged when choosing this broker.
It offers a total of 55 currency pairings to trade-on including majors, minors, and a few exotics as well. It has a wide variety of investment option as it allows traders to invest in over 2100 companies, 26 global indices, commodities or bonds. This is a basket of related assets grouped and traded as a product.
It is well known for its versatility, intuitive interface and trading capabilities. There are thousands of plugin apps such as trading robots, indicators and scripts, that have already been developed for MT4. This means that many traders continue to use the platform and you can expand its capabilities with plenty of add-ons to choose from. Many brokers have also adopted MT4 as the industry standard, so if you switch brokers down the line you might not need to learn a new platform from scratch.
Forex traders are offered low fees along with first-class customer service from their advisors, who can be reached at any time through either live chat or email. A demo account is offered for free and if you want to go live, the minimum deposit is $100. The company claims to be transparent to their customers, so there are no hidden fees and clients shall always know what they will be charged. TRADE.com offers two types of competitive platforms with advanced indicators and powerful integrated tools.
My account manager is very good, patient in explaining and adjusting the trading strategy to my risk appetite. I have made above average profit in three weeks of using the company services. At top30forexbrokers.com, our mission is to provide traders with a thorough list of the best forex brokers to help them find the best service and trading platform. TRADE.com offers its customers a trade.com reviews variety of options for funding their accounts.
Whilst we try to keep information accurate and up to date, things can change without notice and therefore you should do your own research. The multilingual client support desk is always available 24/5 when the markets are open. They can be reached via instant web chat, email, telephone and on WhatsApp. An ‘enquiry’ form is also available for website visitors and prospective clients to fill the form in order to ask a quick question. I do feel like they could improve by extending support hours to 24/7.
You can start with a free demo account or by only depositing $100. This broker is a global broker that claims to give its best in delivering the best investment products and being the type of broker that cares about each and every investor. The company has currently more than 100,000 active investors and is continuing to grow.