Trade.com broker review (2022) Review

Trade.com was founded in 2009 and offers over 100,000 instruments on the MetaTrader 4 and WebTrader platforms. It’s regulated by the CySEC, FSCA and FCA and the minimum deposit is $100. Trade.com offers Research-backed analysis, offers Advanced Financial Chart comparison tools and a demo account.

What can be traded

The asset selection at Trade.com is excellent, the instruments available include forex pairs, CFDs, commodities, stocks, ETF, forex and cryptos.  They offer a maximum leverage of 1:30 and 5 options, from which you can choose different types of accounts:

• CFD (Silver, Gold, Platinum or Exclusive account)
• DMA (only one account offered)
• ETFs (same accounts as CFD)
• Asset management (only one account)
• IPO (only one account)

These types of account and how it is organised on their website may seem a bit confusing.

Broker regulation

Trade.com is a trading name operated by Trade Capital Markets Ltd and Live markets Limited. Trade Capital Markets Ltd is authorized and regulated in Cyprus by the  Cyprus Securities and Exchange Commission, and authorized in South Africa by the Financial Sector Conduct Authority.  Live markets Limited is authorized and regulated in the United Kingdom by the Financial Conduct Authority.

Demo account

A demo account is one of the best ways to learn. It’s a virtual account mirroring the live one. You can learn on a real platform with virtual money, that is pre-loaded. Demo accounts are usually free and unlimited, but each broker has different conditions, so don’t forget to check them out. In other reviews, I found out, that Trade.com offers a demo account. Surfing through the web, I found nothing about a demo. So, I tried to register for a “live” account hoping, that the option will be there.

Broker fees

Broker fees can vary and change, there may be additional fees that are not mentioned in this review. Also, spreads with the broker vary depending on account type. The fees are quite high, for example, people opening a Silver account can expect 3.0 pips on the same forex pairs. This means most beginners won’t be able to ensure competitive spreads. They don’t charge withdrawal fees or deposit fees but do charge commission on CFD instruments.

Registration process

I am interested in a demo account. I`m a beginner and I need to try, learn and test before I go live. As I have mentioned earlier, I didn`t find the demo account anywhere on their website. So, I`ll try to register for a normal Silver account and hope, that I`ll find the option to go for a demo. To register for an account, you just click the button “open account” at the top of each page. A small form comes up asking for your email and password.

I immediately got a verification email.

The demo account is offered in a welcome note:

After clicking proceed, you need to fill in more information about yourself. Name, DOB, Country, phone number and city etc. I`m not happy with this, because I only want to learn and test first. Then they ask for more information and this is when I stop filling the forms in. With Trade.com you need to fill in ALL of your personal details, to register only for a demo account. This isn`t something you need to do with other brokers demo`s.

Trading platforms

They offer two platforms – WebTrader and MetaTrader 4. The Meta Trader 4 is one of the best platforms. It’s been active since 2005. It has high levels of customization, plenty of technical indicators, historical data and past trends and that`s why this platform is one of the most popular. The Web Trader is also customizable, easier to start using, as you don’t have to download anything. You get detailed market financials and news announcements and price alerts, trending tools, and stop-loss notifications.

The website

The website looks good. Nothing flashing, colorful, no marketing blabber. The strange thing about the website is, you first get to the main page, where they highlight what you can invest, on what platforms, how simple the registration is, but without any extra information. You need to click on “open account” then choose what you want to invest and it takes you to another page, website, which is the same for any other option. Anyway, that`s where you find the extra info you want to learn.

• Accounts
• Assets
• Platforms
• Resources

The other thing I found, I haven`t finished the registration and since then I can`t go to the page, where these options are offered. I always go to the web trader but am unable to do anything. That`s annoying.

Trade.com doesn’t publish its research, but a Daily Analysis and Morning Review are listed on their website. I found the economic calendar, CFD expiration dates and CFD rollover information. No other education, webinars, videos or articles.

Social networks

Usually, brokers are active on social networks. It’s the best way to keep in touch with their clients. Best way to show analysis, news and the best way to advertise their instruments. Younger clients are used to be in some sort of community and work together. Trade.com is missing out on this.

Advantages and disadvantages

The website is nice, but I found it difficult to find information. there is no live chat, no social networks. the demo account is not highlighted, but if you want one, you need to fill in all details for a live account. They are well regulated, you can trade over 2,100 assets from 7 classes including cryptos, bonds, ETFs etc. YOu can trade with MT4 or a web trader.

Pros:

• Regulated
• Many assets
• MT4 and web trader
• Free demo

Cons:

• No social networks
• No live chat
• Full registration for a demo
• Confusing website

Our Score