The forex brokerage industry has been consolidating over the past few years for a variety of reasons. As a result, there is safety when dealing with a well-capitalized firm that is part of a larger conglomerate operation. TRADE.com offers this protection, as well as offering one of the largest selections of investment assets in the industry. Their primary focus is on currency pairs, but there are more than another 300 CFDs to appeal to your trading appetite. The parent of the firm is Leadcapital Markets Ltd., a Cyprus-based entity that already owns such other successful ventures as Forexyard.com, Excellence Option, Prestigeoption.com, and Optionsclick.com. The company is presently consolidating the operations of Stock.com under the TRADE.com brand, thereby making this company a global powerhouse. CySEC, the FCA, and several other European bodies, under the purview of the MiFID, provide regulatory oversight.
The array of supported currency pairings includes majors, minors, and a few exotics, 55 in all, but if you want to dabble in another market, especially one that is in your region of the world, then you will surely find it among the other 312 CFDs for stocks, indices, commodities, or bonds. As is typical in the industry, there are three account types, each dependent on your deposit balance. Each account includes escalating benefits, but all come with a dedicated account manager, training support, and a free demo account with $100,000 in virtual cash to hone your trading strategies before putting any real capital at risk. You may want to consider upgrading from the basic account in order to receive free SMS signals and premium support. If you are already familiar with Metatrader4, then you are set to go, unless you wish to try their Webtrader version. No downloads required for the latter platform, and mobile trading is supported, as well. Each asset choice has its own spread and leverage characteristics, all detailed on the website.
Deposit safety is assured, due to the firm’s broad regulatory compliance regimen. Client account balances are segregated from operating capital in major international banks for safety and peace of mind, while national investor protection programs kick in if there is ever an issue of corporate liquidity. Abundant resource materials complete the package, along with the management team’s stated goal to provide the best in support, education, and choice, all under one roof. There is no need to shop elsewhere. TRADE.com is a trading name of Leadcapital Markets Ltd, an investment company authorized and regulated by the Cyprus Securities and Exchange Commission (“CySEC”) under license number 227/14. Leadcapital Markets Ltd is located at Treppides Tower, 9 Kafkasou Street, Aglantzia, 5th Floor, CY 2112, Nicosia, Cyprus. Unfortunately, U.S. clients are not accepted at this time.
Why trade with TRADE.com? The firm lists these reasons:
- Founded in 2009, with headquarters in Nicosia, Cyprus;
- TRADE.com is a subsidiary of Leadcapital Markets Ltd.;
- Regulatory oversight provided by CySEC, but the firm also complies with the FCA, the MiFID (EU), and several other regulatory bodies;
- Client deposit safety is ensured by Top-Tier bank segregation and by the Cyprus Investor Compensation Program;
- Minimum deposit = $100;
- Attractive bonus promotions – check the website for details;
- Three account categories: Classic ($100 to $2,499); Standard ($2,500 to $9,999); and Premium ($10,000 and up) – SMS signals and premium support applies to the latter two categories;
- All accounts include a dedicated account manager and a free demo account with $10,000 in virtual cash;
- Metatrader4, Webtrader, and mobile support platforms supported;
- Asset choices presently total 367, including currency pairs (55), stocks (260), indices (29), commodities (18), and bonds (5);
- Spreads and leverage are competitive, but differ according to asset and pricing mode selected;
- Account opening will provide access to a wide range of training and support materials, designed for all levels of trader from basic to advanced;
- Website can be read in 19 languages;
- Customer service can be reached via live chat, email, or telephone (toll-free direct lines provided in 30 separate countries).
Spreads and Leverage
Spreads can vary according to the asset type chosen and pricing mode assigned to your account. For example, the “EUR/USD” currency pairing’s Bid/Ask spread can be as low as 2.2 pips for floating mode and 3 pips for fixed pricing. Leverage is handled in a similar fashion, primarily to restrict risk exposures. Forex pairs with high liquidity start at 200:1, but can fall to 25:1 for exotics. Complete details for spread and leverage characteristics for each asset offered are posted on the website.
TRADE.com elected to go with the very popular series of Metatrader4, downloadable, platform protocols. If you, however, prefer an online version that requires no downloads and makes mobile trading easier, then check out the firm’s fully online, Webtrader, platform version. The benefits of both trading platforms are listed in detail on the website. For security purposes, TRADE.com also employs the latest in 128-bit technology to encrypt all trading activity data and any personal information submitted to the firm for identity verification. They also offer a brand new WebTrader. Announced on April 4th 2018. It offers over 2,100 assets, trending tools, immediate access to live chat and much much more.
Deposits and Withdrawals
Credit cards and banking wire transfers are the predominant methods for moving funds, but the firm also supports a number of other more local payment alternatives, including Skrill, Neteller, and Safeguard. Check the website for more options. Withdrawal requests are handled quickly, but do allow for time requirements of payment intermediaries. Make sure to have your internationally mandated identity documents on file and in order, or you might encounter a delay when asking for a withdrawal. Client deposits are also safe due to segregation from operating capital in Top-Tier bank accounts. The Cyprus Investor Compensation Program provides further protection of up to 20,000 Euros.
Beginners’ and Customer Support
Support reps are eager to serve you during all market hours, “24X5”, each and every week. Live chat, email and direct phone are the access methods. TRADE.com has also gone the extra yard by setting up direct toll-free phone lines in 30 countries for your convenience, as well as making the website readable in 19 different languages. There are also extensive support materials for all levels of trader. Topics vary as to analysis and strategy development from basic to advanced, while daily market commentary and SMS signals for higher account classifications prepare you for each day’s market action.
TRADE.com has already made its mark on the international scene of global forex brokers with its extensive asset offerings, excellent support, and competitive pricing. Regulatory compliance is also extensive, further evidence that this firm is devoted to gaining your trust and keeping it. The management team is committed to providing a very high level of service, as stated on their website, “Our goal is to provide first class education, timely and actionable information on events that are affecting global markets and access to a wide range of trading products, making TRADE.com one of the few one-stop trading sites in the industry.” TRADE.com is definitely worthy of your consideration.