Is Trade.com A Safe Broker in 2024: Detailed Review

This Trading Platform is available in Ukraine
Trade.com seems to garner mixed reactions from its users. On the positive side, customers appreciate the platform's user-friendly interface and the variety of trading instruments available. The educational resources provided are also frequently highlighted as beneficial, especially for newcomers to trading.
However, there's a fair share of criticism too. Some traders express frustration over withdrawal issues and customer service responsiveness. There have been instances where users felt that support was lacking in professionalism and efficiency when dealing with their concerns. Moreover, a few reviews point out problems with account verification processes and delays in executing trades, which can be quite unsettling for active traders.
Overall, while Trade.com has its strengths in terms of usability and resources, potential clients should remain cautious about the customer service quality and operational hiccups. It's advisable to weigh these aspects carefully before deciding to engage with their services.
* The amount that will be credited to the account in the case of a successful deal
* General Risk Warning: Your capital might be at risk
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If you have traded cryptocurrencies, you know exactly how tough it can be to find the perfect exchange. For novice traders especially, the knowledge gaps can seem daunting – and your money is at stake. Luckily, a platform that has emerged as an excellent resource for traders interested in crypto and CFD exchange is Trade.com.
Anyone can use Trade.com’s 1:300 leverage to increase their profits, automate their trading with OptionRobot‘s AI-driven algorithms, and gain access to various assets.
Ask any trading expert, and they will tell you that leverage can be a powerful tool when used appropriately — but it also carries great risk. Traders should always exercise caution when utilizing leverage in trading, as it is easy to get caught up in the excitement and take on more than you can handle.
A reliable broker is essential to the process, as you want to ensure your funds are safe and that you have enough viable options at your disposal to develop your trading strategy. Here is a detailed review of what Trade.com has to offer.
Overview of Trade.com
Trade.com is a Cyprus-based broker and trading software provider offering access to more than 100,000 financial instruments across stocks, indices, commodities, currencies and crypto assets.
From CFDs to crypto and ETFs, Trade.com is the Amazon equivalent of trading platforms.
You get access to trading instruments such as MetaTrader 4 and 5, as well as a bespoke web trader, to give you an edge in your trading. Trade.com also offers mobile versions of its trading software so that you can access the markets from anywhere.
When it comes to customer service, Trade.com provides 24/7 email and telephone support for any query related to your account or platform usage, as well as an online chat service.
With over 100,000 active traders spread across 125 countries worldwide, Trade.com is a leading exchange and broker with an operational license from the CySEC and MiFID in Europe, allowing clients to trade with confidence and peace of mind.
Trade.com is also a key signatory of the Investor Compensation Fund, meaning that users are eligible for compensation of up to €20k should Trade.com go bankrupt – a reassurance for those wanting to make sure their capital is safe. Other licenses that Trade.com has includes the FCA (UK), FSCA (South Africa), and FSC (Mauritius).
Getting Started with Trade.com
Opening an account at Trade.com is a simple process. Their site boasts that registering takes just two minutes. All you need to do is fill in the online form, provide a valid email address and upload copies of relevant documents such as identity proof and payment method details. Once your application is approved, you are ready to start trading.
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Account Types and Fees
Trade.com offers four main account types.
MINI Account
This is Trade.com’s most basic account that can be maintained with just $10. With this account, you get all the benefits of using Trade.com except access to premium customer support and daily analysis. You can expect pricey spreads of up to 3% based on the financial instruments you are trading. Commissions on shares and crypto range between 0.15% to 0.5%.
PLUS Account
This is the most popular account amongst traders on Trade.com. It has a $5,000 account size and all the perks except premium customer support. With this account, you get slightly lower commissions on shares at 0.15%.
PRO and ECN PRO Accounts
These are the top two accounts on Trade.com and offer spreads as low as 0.14 compared to the 0.3% for the Mini and Plus accounts. You also get all the benefits of Trade.com, plus superior customer support along with daily analysis and trading tips.
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Security and Regulations at Trade.com
Trade.com boasts several licenses ranging from the CySEC and MiFID in Europe, FCA (UK), FSCA (South Africa), and FSC (Mauritius). This means that Trade.com can offer clients the highest level of security when trading.
In addition to regulation compliance, Trade.com has implemented state-of-the-art encryption protocols to protect clients’ data, as well as advanced anti-fraud measures.
Furthermore, Trade.com is a signatory of the Investor Compensation Fund. This ensures that clients’ funds are protected in the event of bankruptcy or insolvency, covering up to EUR 20,000 per client in compensation.
Additionally, Trade.com has implemented robust risk management protocols to help ensure traders remain profitable. For other regulated forex brokers, see Exante or OvalX.
Trading Leverage
No matter the platform, trading leverage can be considered a double-edged sword. Trading with leverage allows traders to take on larger positions than they would with their own capital. However, it also amplifies losses in case the market goes against them.
At Trade.com, clients can access maximum leverage of 1:300 for all trades across all instruments. Due to regulatory restrictions, however, some users from particular countries cannot achieve this maximum leverage. In restricted countries, Trade.com offers a 1:30 leverage. Another broker regulated by the FSC that you can check out is BDSwiss.
Accepted Countries
Unfortunately, even though Trade.com is widely accepted across multiple jurisdictions worldwide, its services are unavailable in some countries, such as the US.
Since Trade.com is an international broker, its services are only available to those countries that regulate and oversee the forex market. These countries include the European Union, Australia, the United Kingdom, and New Zealand. Trade.com is not available in the Us, Japan, Belgium, or Canada.
Trading Platforms Offered by Trade.com
Access to various trading platforms is essential when choosing a broker. Trade.com offers three main platform options for clients to use: WebTrader, MetaTrader 4 (MT4) and Mobile Trader.
WebTrader – This is an in-house proprietary platform provided by Trade.com. It comes with all the necessary features, such as an easy-to-use interface, advanced charting tools, and a selection of technical indicators. It also allows for automated trading via Expert Advisors (EAs).
MetaTrader 4/5 – This is the most popular trading platform in the industry, as it’s used by millions of traders across the globe. MT4 comes with an abundance of features such as Expert Advisors (EAs), automated trading, advanced charting tools, a wide selection of technical indicators and much more. MT5 offers more sophisticated options for experienced traders.
Mobile Trader – This is a mobile version of WebTrader that allows traders to stay connected with the markets on the go. It comes with all the same features as its desktop counterpart but with the advantage of being accessible on mobile devices.
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