Trade.com Review

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Founded: Account Currencies
2013 EUR, USD
Trading Instruments: Trading Platforms:
Forex, Indices, Cryptos, Commodities, Shares, ETFs MT4, MT5
Funding Methods: Regulation
Credit/Debit Cards, E-wallets, Neteller, Skrill, digital transfers, Bank Transfers, Wire transfers CySEC, FSCA
Max Leverage: Min Deposit:
1:30 $100

 

Trade Smart. Stay Safe. Trade.com

Pros and Cons

Pros Cons
Safety & Regulation High Spreads
Asset Variety Inactivity Fees
Platform Options Limited Free Education
Low Entry Barrier Premium Tools Cost

Trust and Safety

Trade.com operates through different regulated entities depending on the trader’s location. Its global website lists regulatory oversight from the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Commission (FSC) of Mauritius. Trade.com also lists a U.S. regulated equities entity under FINRA and the SEC.

The regulatory entity associated with an account is important because the available products, leverage, investor protection, and trading conditions can differ between jurisdictions.

Trade.com states that client funds are held separately from company funds through segregated arrangements. The broker also highlights regulatory compliance and investor protection measures as part of its approach to safeguarding client money and assets.

As with any leveraged trading provider, regulation does not eliminate market risk. Traders should check the legal entity they are registering with and review the applicable terms before depositing funds.

Tradable Instruments

Trade.com offers access to a broad range of markets through CFDs and other investment products. The broker currently advertises more than 1,200 instruments, including forex, shares, indices, commodities, cryptocurrencies, and ETFs.

Forex

Forex is one of the main markets available through Trade.com. Traders can access major currency pairs such as EUR/USD, GBP/USD, and USD/JPY, along with other currency markets.

Depending on the account level, advertised spreads can start from 0.8 pips on major forex pairs. Actual spreads can be wider depending on market conditions.

Shares

Trade.com provides access to share CFDs, allowing traders to speculate on price movements without directly owning the underlying shares.

Share CFD commissions vary according to the account level. The broker currently lists commissions ranging from 0.08% to 0.20%, depending on the account type.

Indices

Traders can also access CFDs on major global indices, including markets such as US30, Germany40, and TECH100.

The advertised spreads vary by account level, with lower spreads available on the higher-tier accounts.

Commodities

Trade.com offers commodity CFDs covering markets such as gold, crude oil, energy products, metals, and agricultural commodities.

Cryptocurrencies

The broker also provides cryptocurrency CFDs. Trade.com currently lists a 0.50% cryptocurrency commission across its Classic account levels.

ETFs

More than 50 ETFs are available through the WebTrader platform, giving traders another way to gain exposure to groups of assets and specific market themes.

Account Types

Trade.com offers several Classic account levels. The account type is determined by the client’s account size, with higher levels providing access to tighter spreads and reduced commissions on certain instruments.

Silver Account

The Silver account requires an account size of $100.

Advertised minimum spreads include 1.9 pips on EUR/USD, USD/JPY, and GBP/USD, while gold spreads start from 0.6. Share and ETF commissions are listed at 0.20% or $10, depending on the applicable instrument, while cryptocurrency commissions are 0.50%.

Gold Account

The Gold account requires $10,000.

Spreads are lower than those offered on the Silver account, starting from 1.4 pips on major forex pairs and 0.5 on gold. Share and ETF commissions are listed at 0.16%, with cryptocurrency commissions remaining at 0.50%.

Platinum Account

The Platinum account requires an account size of $50,000.

Advertised spreads start from 1 pip on major forex pairs and 0.4 on gold. Share and ETF commissions are reduced to 0.08%, while cryptocurrency commissions remain at 0.50%.

Exclusive Account

The Exclusive account requires $100,000.

This account provides the lowest advertised spreads among the Classic account levels, including spreads from 0.8 pips on major forex pairs and 0.3 on gold. Share and ETF commissions are listed at 0.08%, with cryptocurrency commissions at 0.50%.

Trade.com notes that the displayed spreads are minimum indicative spreads and can increase depending on market conditions.

Commissions and Fees

Trade.com uses a combination of spreads, commissions, and other charges depending on the asset and account type.

Spreads

Spreads vary according to the account level and financial instrument. Higher-tier accounts generally receive tighter advertised spreads.

For example, EUR/USD spreads are listed from 1.9 pips on Silver, 1.4 on Gold, 1.0 on Platinum, and 0.8 on Exclusive.

Share and ETF Commissions

Share and ETF CFDs carry commissions. The advertised rates range from 0.20% on the Silver account to 0.08% on the Platinum and Exclusive accounts.

Cryptocurrency Commission

Trade.com currently lists a 0.50% commission for cryptocurrency trading across its Classic account levels.

Overnight Charges

Positions that remain open overnight are subject to overnight charges or swap fees.

These costs can vary depending on the instrument, position direction, and applicable trading conditions.

Conversion Fees

Currency conversion fees apply when the account currency differs from the quoted currency of the asset being traded.

Trade.com currently lists a 2% conversion fee for areas including profit and loss, overnight rollover, CFD rollover, dividend conversion, and split conversion.

Deposit and Withdrawal Fees

Trade.com states that it does not charge clients deposit or withdrawal fees. Payment providers or banks may still apply their own charges.

Inactivity Fee

Trade.com applies an inactivity charge to accounts that remain inactive for an extended period. The broker states that a monthly fee applies when there has been no trading activity for more than 90 days, with the account remaining inactive for more than 12 months.

Trading Platforms

Trade.com provides several ways for traders to access their accounts, including its own mobile application, WebTrader, and MetaTrader 5.

Trade.com App

The Trade.com mobile application is available for Android and iOS.

The app provides live market information, charts, account management, and trading functionality, allowing users to monitor and manage positions from a mobile device.

WebTrader

WebTrader allows traders to access the markets directly through a browser without downloading desktop software.

The platform provides access to Trade.com’s available instruments and trading tools and also supports access to ETFs.

MetaTrader 5

Trade.com also supports MetaTrader 5, one of the most widely used platforms for forex and CFD trading.

MT5 provides advanced charting, technical indicators, order-management tools, and other features for traders who prefer a more established trading environment.

TradingView

Trade.com includes TradingView among the tools available with its account offering. TradingView can be useful for traders who prefer advanced charting and technical-analysis features.

Unique Features

One of Trade.com’s notable features is its tiered account structure. Traders can move from Silver to Gold, Platinum, or Exclusive accounts as their account size increases.

Higher account levels provide access to tighter advertised spreads and lower commissions on certain products.

TradingView and Trading Central

Trade.com provides access to TradingView and Trading Central as part of its trading tools.

These services can help traders with chart analysis, market research, technical indicators, and identifying potential trading opportunities.

Dedicated Account Manager

Higher-level accounts include access to a dedicated account manager. Trade.com also lists premium customer support among its account features.

Daily Market Analysis

The broker provides daily analysis through its Morning Review and other market-related resources.

These materials are intended to keep traders informed about important market developments and potential events affecting financial markets.

Demo Account

Trade.com also provides a demo account, allowing users to explore the platform and practise trading without immediately committing real funds.

Research and Education

Trade.com provides a range of educational and research content covering financial markets and trading.

Its resources include market analysis, daily market reviews, trading events, and educational articles covering subjects such as forex, commodities, and risk management.

The broker also provides access to Trading Central, which can add another layer of market analysis and research tools for traders.

These resources can be useful for both newer traders learning about the markets and experienced traders looking for additional market information.

Customer Support

Trade.com provides customer support as part of its account offering. Its Classic accounts include premium customer support, while higher-tier clients can also receive access to a dedicated account manager.

The broker also advertises 24/5 trading support, corresponding to the main global trading week.

Support availability and specific services may vary according to the regulatory entity and account type.

Account Opening

Opening a Trade.com account is completed online.

Registration

The first step is to complete the registration form and provide the requested personal information.

Verification

As part of the onboarding process, clients need to complete the required KYC checks and provide identification documents and proof of address. Trade.com states that these documents are required before an account can be fully verified.

Account Funding

After verification, traders can fund their accounts and select the available markets and trading platform that suit their requirements.

The minimum account size for the Silver Classic account is $100, while higher account tiers require substantially larger balances.

Deposits and Withdrawals

Funding Methods

Trade.com provides deposit and withdrawal facilities for clients, with the available payment methods depending on the client’s jurisdiction and account entity.

The broker states that it does not charge its own deposit or withdrawal fees.

Processing

Processing times can vary depending on the payment method, bank, and account verification status.

Traders should make sure their account has been fully verified before requesting withdrawals to avoid unnecessary processing delays.

Final Thoughts

Trade.com is a multi-asset online trading platform offering access to forex, shares, indices, commodities, cryptocurrencies, and ETFs. Its website currently advertises more than 1,200 instruments, giving traders a broad selection of markets through a single account.

One of the broker’s main features is its tiered Classic account structure. The Silver account starts at $100, while Gold, Platinum, and Exclusive accounts require $10,000, $50,000, and $100,000 respectively. Higher account levels offer tighter advertised spreads and lower commissions on selected instruments.

Trade.com also provides several trading platforms, including its mobile application, WebTrader, and MetaTrader 5. Access to TradingView, Trading Central, daily market analysis, and dedicated account management adds to the overall platform offering.

On the cost side, traders should consider spreads, asset-specific commissions, overnight charges, conversion fees, and the potential inactivity fee. Trade.com states that it does not charge deposit or withdrawal fees.

A key consideration is that Trade.com operates through different entities and regulatory jurisdictions. The products, protections, leverage, and trading conditions available to a client can therefore depend on where the client is based and which entity provides the account.

Overall, Trade.com review offers a broad range of markets, multiple platform choices, tiered account conditions, and several research and trading tools. It may be worth considering for traders who want access to multiple asset classes through one platform, provided they understand the costs and regulatory protections applicable to their specific account.

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