Trade.com Review
For inquisitive beginners
Pros
- Variable spreads
- MetaTrader 4 platform
- Good education
Cons
- Higher spreads for MT4 users
- Inactivity fee
Introduction
Trade.com is a young, fast-growing Forex and CFD broker with a large product range and professional trading software. This broker already counts over 100,000 users. Unique at Trade.com is that you can choose from fixed or flexible spreads. Click on the link if you first want to know more about What are CFDs? and What is a broker? In this Trade.com review we explain briefly and clearly what this broker has to offer and for whom it is suitable.
Target audience
Trade.com offers many opportunities for both starting and experienced investors. A big range of educational material such as e-books and training videos is available for the novice investor. For the experienced investor it is possible to trade with the advanced MetaTrader 4 platform.
Is Trade.com reliable?
Trade.com is owned by Leadcapital Markets Ltd. which is registered in Cyprus. The Cypriot Securities & Exchange Commission (CySEC) supervises the broker to comply with strict regulations. This broker is affiliated with the Cypriot Investor Compensation Fund, which ensures that investments up to a value of £20,000 are guaranteed if Lead Capital goes bankrupt. This way your money at Trade.com is always safe.
Trading instruments
At Trade.com you can trade CFDs in shares, indices, forex, commodities and ETFs with a maximum leverage of 1:30. Unfortunately you cannot trade cryptocurrencies at Trade.com. They offer over 2,100 tradable assets and the minimum deposit for trading CFDs is £100. Trade.com excels in offering educational material to their customers. Various educational trading videos are available and there is even an ebook for beginners. It is also one of the few brokers that has good telephone support at its disposal. Request a free telephone consultation with a Trade.com specialist here.
Trading platform
There are 3 different trading platforms available at Trade.com:
- WebTrader: No download is required for the WebTrader. You have access to almost all technical analysis indicators. The platform is well-arranged and user-friendly. Risk management features, such as stop loss, take profit and pending orders work in conjunction with price alert. Traders Trends and Trending Now provide in-platform lists of assets in different categories according to the movements on the market. Events & Trade drills into the economic data being reported across the world to optimize on opportunities for related instruments.
- MetaTrader4: Many people know this universal platform, it is known for its many functionalities. In addition to technical analyzes, you can use analyst advices and automatic scripts that you can use to automate your trades. You must first download the platform. You can try this platform in a demo account, and you can gain immediate contact with dedicated account managers.
- Mobile app: The mobile app looks good and works well. It has the same functions as the WebTrader.
Trade.com offers 5 different trading accounts, from beginner to experienced investor.
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- Spreads
- Daily Analysis
- Desktop & Mobile Trading
- 24/5 Customer Service
- Dedicated Account Manager
- Premium Daily Analysis
- Premium Customer Support
- Trading Central
MICRO
SILVER
GOLD
PLATINUM
EXCLUSIVE
Trading Central is available from the GOLD package and is an ideal plugin for the MetaTrader 4 platform. The service provides trends, prices and market history. Technical analyzes allow motivated traders to identify opportunities offered by Trade.com’s MetaTrader4 platform. Trading Central investment research is also used to identify possible opportunities through its methodology on WebTrader. Traders Trends and Trending Now provide in-platform lists of assets in different categories according to the movements on the market. The Traders Trend tool displays trends achieved in the last 6 hours.
Spreads
At Trade.com, the spreads are at a medium to high level. The spread is the difference between the purchase price and the selling price. For example, if the purchase price of Shell is 21.44 and the sale price is 21.40, then the spread is 0.04. The lower the spread, the better. There is approximately 1 pip difference in spread between the Webtrader and MetaTrader4. MetaTrader4 is almost always more expensive. A special feature of Trade.com is that you can opt for variable spreads. If the market moves in your favor, spreads may be lower. You also have the advantage that the spread decreases when trading in large volumes. Unfortunately, after 3 months an inactivity fee kicks in, but the costs for maintaining an account are relatively low.
Demo account
Just like most other CFD brokers, Trade.com also has a free demo account available. Get to know the advanced trading platform here to get ready for the real thing.
In short
Trade.com is a reliable CFD broker with lots of available educational material. Thanks to the excellent trading software and the application of MetaTrader4 this is a good broker for experienced investors and inquisitive beginners.
- Variable spreads
Good education
Higher spreads in MT4
Inactivity fee - Active investors
100,000
- Reliability
- Trading platform
- MetaTrader 4
- MetaTrader 5
- Social platform
- Suitable for:
Experienced/allround investor
- Functions platform
Professional
- Mobile app
- Tradable assets
2100
- Spreads
Low at large volume
- Spread EUR/USD
1-3
- Stocks
>2000
- Forex
>55 pairs
- Cryptocurrencies
- Commodities
19
- Indices
26
- ETFs
52
- Loss-making investors
74%
- Customer service
- Education
- Usability
- Inactivity fee
£25 PM after 3 months
- Bank transfer
- Credit card
- Skrill
- PayPal
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- Pros and cons
- Active investors
- Reliability
- Trading platform
- MetaTrader 4
- MetaTrader 5
- Social platform
- Suitable for:
- Functions
- Demo account
- Mobile app
- Spreads
- Spread EUR/USD*
- Tradable assets
- Stocks
- Forex
- Cryptocurrencies
- Commodities
- Indices
- ETFs
- Loss-making investors
- Customer service
- Education
- Usability
- Inactivity fee
- Bank transfer
- Credit card
- Skrill
- PayPal
- Very user-friendly
Competitive spreads
No MetaTrader platform
Fewer analysis tools - 110,000
- Experienced investor
- Average
- Low
- 0.6
- 2000
- 1900
- 50 pairs
- 14
- 22
- 30
- 95
- 76.4%
- £10 PQ after 3 months
- Variable spreads
Good education
Higher spreads in MT4
Inactivity fee - 100,000
- Experienced/allround investor
- Professional
- Low at large volume
- 3
- 2100
- 2000
- 55 pairs
- 19
- 26
- 74%
- £25 PM after 3 months
- Excellent platform
Low spreads
Traders Trends
High trading fee - Unknown
- Active investor
- Professional
- Low
- 0.5
- 2200
- 2000
- 57 pairs
- 6
- 25
- 33
- 54
- 81%
- £10 PM after 3 months
- Social trading platform
Copy professionals
No MetaTrader platform
High spreads on crypto - 400,000
- Allround investor
- Average
- Average
- 3
- 1200
- 1000
- 47 pairs
- 92
- 13
- 13
- 21
- 75%
- £10 PM after 1 year
*This was the spread on 1/1/2020
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
