Trade.com Review

Review

Trade.com is a Forex and CFD broker that provides trading solutions to a global clientele. Trade.com is operated by LeadCapital Markets, an investment company authorized and regulated by the Cyprus Securities and Exchange Commission (“CySEC”) under license number 227/14. It is also under the Markets in Financial Instruments Directive (MiFID), and is registered with licensing bodies throughout the EEA.

The broker seems to have weathered the recent volatility that caused turmoil on global markets and they attribute their strong risk management procedures to withstanding the impact of the recent Swiss Franc’s regulation.

Accounts

There are three trading accounts at Trade.com. The minimum deposit for the Classic account is $100, the Standard $2,500 and the Premium account requires a deposit of at least $10,000. Traders opening any of these accounts enjoy multiple benefits such as personal training, an exclusive educational package and multilingual customer support.

Additionally, holders of the Standard and Premium accounts receive SMS signals and premium market analysis. The Premium account also offers exclusive customer support.

When doing this review, I was pleased to see that Trade.com traders can open a demo account with a generous amount of $100,000 in virtual funds.

Features

Clients at Trader.com can trade a wide range of instruments including commodities--precious metals Gold and Silver, oil, wheat or sugar, major indices, such as the NASDAQ, FTSE or NIKKEI, a variety of international stocks, bonds and CFDs. There are no commissions on CFD trading and margin requirements are as low as 2-5%. The spreads on CFD instruments are tight.

Trade.com offers traders to diversify their portfolio on global bonds markets. There is no commission or fees and leverage is up to 1:100. When it comes to Forex, customers can opt to trade with either fixed or floating spreads.

One of the features offered at Trade.com is the rollover, a situation that applies only to overnight trades and involves interest paid or deducted from open positions. Trading currencies always involves two different currencies with their own individual interest rate. When buying currency that has a higher interest rate than the sold currency, interest is received by the trader. However, when a currency is purchased with a lower interest rate than the sold currency, the trader must pay out interest, and money is deducted from the account.

A listing of overnight interest rates is provided by Trade.com.

Education

Where education is concerned, Trade.com is way on top with a host of trading tools and instructional materials to help traders make smart, educated decisions.

One of the most important tools offered at Trade.com is their signals which track rapid fluctuations in market trends. Powered by the leading signal provider, Trading Central, the signals alert traders to market movements using easy-to-follow up and down arrows. This opportunity is exclusively available to Trading account holders with a minimum deposit of $2,000.

Trade.com offers an extensive and exclusive library of online video tutorials to help enhance traders’ skills.

Tutorials are available on FX and CFD trading. They are geared to help traders maximize their potential in the global market and provide expert guidance and support to traders with all levels of trading experience.

The available e-books offer a wealth of trading instruction and strategies and their starter guides are clear and concise and are loaded with practical tips that can be applied directly from the very first trade.

The Trade.com Global Financial Calendar is another vital tool for all traders, listing by hour the events of the days ahead that are set to shape market movements. The calendar presents and explains the main events impacting the market.

Deposits/Withdrawals

Funding methods to Trade.com accounts include credit cards, bank transfers, WebMoney and other online payment programs. The minimum amount to open a Trade.com account is $100 and there is no deposit fee.

Withdrawals can be made using the same methods.

Customer Support

Contacting a representative at customer support is never a problem at Trade.com with telephone number in more than 25 different countries, emails to various departments of the brokerage and Chat during trading hours.

Conclusion

Trade.com is an all-around broker, providing all the features needed for successful Forex trading. The website is easy to navigate and trading on any of the three trading platforms is quick and efficient. Having a demo account in which to practice placing trades and experimenting with new tools and strategies is a definite plus.

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Features

There are two key features  that make Trade.com stands out from other Forex and CFD brokers. The first is the fact that it is highly regulated which is considered vital in the Forex industry. The other feature is the availability of several trading platforms including the ever popular MetaTrader4 platform which offers a host of trading options and benefits for traders of all trading experience. The use of a mobile platform is essential to the success of Forex trading in today’s high powered marketplace.

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Platforms

Trade.com offers traders a choice of several trading platforms.

MetaTrader 4

The Trade.com MetaTrader 4 Platform offers advanced technology that enables traders to access real-time rate streaming and immediate trade execution.

MetaTrader is the most popular platform in the industry and the Trade.com version provides all the bells and whistles of the standard version as well as some additional ones. Traders can use a variety of tools such as direct deposits, limit settings, guaranteed trade execution, charting, and market updates.

They can track open positions, open new ones directly from charts and quotes, review their account history, and even customized the trading screen to meet specific, individual trading patterns. Expert advisors can be added and charts in candlestick, line or bar chart display modes can be viewed.

Trade.com offers a 22-page downloadable MetaTrader 4 guide to acquaint traders with this platform.

Sirix WebTrader

The Sirix WebTrader uses an intuitive interface with an extensive range of cutting-edge trading tools. This platform offers immediate trade execution and real-time rate streaming as well as a vast selection of features for opening and closing trades, setting and editing limits and stop losses, viewing daily highs and lows, utilizing extensive charting capabilities, and making direct deposits.

Mobile

The Trade.com advanced Mobile platform is totally synchronized for total compatibility with their web and download platforms. Developed with HTML5, the platform supports a broad spectrum of smart phone handsets, including iPhone, Android and Blackberry 6.

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User Reviews

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