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Our note:
With a floating spread on EUR/USD of 2.2 pip or 3 pip for fixed income, Trade.com is far from the offer of the first place brokers in this ranking, yet this newcomer can indeed do well thanks to the absence of additional commissions.
What we like about this promising broker are: its wide selection of assets, its trading platforms, its free learning centre and of course its regulation.
Not yet very well known, yet well received in Europe, Trade.com is one of those forex brokers worth a visit. Powered by Leadcapital Markets Ltd, this online broker offers trading opportunities for beginners and advanced traders alike. To find out more about its reliability, check out our test :
Regulation on the European market
Trade.com is, first and foremost, a regulated broker in the European Union. Leadcapital Markets Ltd is registered with the main regulatory bodies and is on the white list of the AMF (Autorité des Marchés Financiers) in United Kingdom. It also holds a license from the Cypriot institution CySEC and is fully compliant with the European MiFID directive. Trade.com is also regulated by the FCA in the United Kingdom and by BaFin in Germany. As such, it complies with the regulations in force concerning, among other things, the security of traders’ funds. This means that traders have no concerns about the security of their money. In the event of any dispute, members of the site can appeal directly to the regulatory institutions.
3 types of account
Upon registration, new Trade.com members have several options before them. In particular, 3 types of accounts are available on the site, with different advantages to benefit from.
- With a Classic account, which requires a minimum deposit of $250, the trader has access to customer support, trading resources, and an account manager.
- For a minimum deposit of $2,500, they can also subscribe to a Standard account and benefit from daily alerts and analysis, in addition to the basic offers.
- And if he opts for the Premium Account, which requires a minimum deposit of $10,000, he has access to personalized Premium Assistance.
For those who prefer to practice before getting started, Trade.com also offers a demo account. Beginners can practice without risk via fictitious money.
Discover the assets of Trade.com
Courses for beginners
Novice traders are well supported at Trade.com. In addition to the demo account that allows them to practice and familiarize themselves with the platforms, comprehensive trading resources are available to them on the site. Training is provided via videos, ebooks, and educational articles, and virtually all the essentials of trading are included. In addition, economic calendars, news and analysis are published regularly on Trade.com, ensuring that members do not miss out on any investment opportunities. In the event of any concerns, the Trade.com team remains available 24 hours a day and can provide advice throughout the trading process.
A wide choice of assets to trade
In terms of actual trading, Trade.com members are well served in terms of choice. This broker specializing in Forex and CFDs offers more than 200 instruments to trade, including the most interesting products on the market. These include 45 Forex currency pairs, which is the most liquid market in the world, more than 180 shares of international companies, as well as 26 indices of major world economic zones. In addition, there are commodities, as well as bonds, including sterling, yen, euro and dollar bonds. The complete list of assets is available directly on the site, with their own specifications.
Register on the Trade.com website
Zero commission transactions
Trade.com is not very reputable for its spreads, as the spreads applied are not very competitive. Traders do, however, have the option of choosing between floating and fixed spreads and, as an example, the average floating spread for the EUR/USD pair is 2.2 pips, compared to 3 pips for the fixed spread. Trade.com does not, however, take any additional commission on trades and offers leveraged trading as a bonus. For Forex pairs, it is possible to bet up to 200 times your available capital and up to 100 times for commodities. Leverage must, of course, be used wisely in order to avoid indebtedness. Moreover, Trade.com formally warns its traders about the associated risks.
Multi-support platforms
Regarding trading tools, Trade.com offers the Webtrader and the Metatrader 4. This last platform is very well known on the web and offers very advanced functionalities and is especially designed for seasoned traders. The Webtrader, on the other hand, is especially known for its ease of use and automatically makes novices happy. In both cases, it is possible to open transactions directly on mobile phones, via the applications offered by the broker.
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