Trade.com Review: Investing your money in the foreign exchange market is a risky but profitable venture. This is because of the increasing number of scammers in the market.
However, it can be amazingly profitable if you have the right information, the right tools and if you know what you are doing.
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How much do you know about this broker? Is Trade.com a scam? Is it Legit? Read our review to find out the result of our investigation.
What is Trade.com?
Trade.com is the website of a multi-asset Forex brokerage created by Trade Capital Markets (TCM). It claims to provide an effective platform that enables trades to trade in Forex, stocks, commodities and indices. It supports over 40 currency pairs and offers a wide range of markets that can be categorized into six:
- Forex – 55 currency pairs
- Cryptocurrencies – Several cryptocoins
- Stocks (shares) – Over 2000 stocks
- Commodities – 19 commodities
- ETF’s – 37 Exchange Traded Funds
- Indices – 26 global indices
What Trade.com Say They Offer
Trade.com claims to offer the following:
- Trading from charts
- Advanced charting with multiple layouts
- A wide selection of technical indicators and studies
- Measures to ensure the security of users funds such as fund segregation
- Traders Trends tool which shows what others are trading
- Use fundamental analysis and technical analysis while trading
Trade.com Trading Software
Trade.com offers WebTrader and MetaTrader 4 trading platform. This platform includes trading tools, tech indicators, a variety of EAs, charting package and many more. Mt4 allows low minimum deposit, hedging and scalping and offers negative balance protection.
This brokerage offers a mobile version of MetaTrader 4 as well. This convenient feature enables traders to limitless access to their accounts and various tools. It is user friendly and stress-free, obviously created with the convenience of traders in mind.
Trade.com Withdrawal and Deposit Methods & Fees
We discovered that, there are no deposit or withdrawal fees. Funding methods are via Bank transfer, Credit cards and Neteller.
Despite this information, Trade.com has other fees like those generated from mark-up on spreads. If your account is inactive, you pay a fee of $25 every month.
Is Trade.com Licensed?
Yes. Trade.com is regulated by the CySEC under license No 227/14, the FSCA under FSP number 47857. VAT Number: 10324232D and Corporation Number: HE324232.
Apart from the live chat available on the brokerage’s website, you also using these:
Address: 148 Strovolos Avenue, 1st floor, CY 2048, Nicosia, Cyprus
Sadly, we were unable to find a phone number.
Based on our investigation, Trade.com seems legit. The only issue they have is that their trading fees are high and research, is only offered to accounts with above $10,000. While it is suitable for experienced traders, newbies will find the financial limitations a hindrance.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
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- High Trading Fees