TRADE.com - Forex Trading Review

TRADE.com is a brand name of the brokerage house Lead Capital Markets Ltd, which is a Cyprus investment firm that was incorporated in 2013. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) and is also registered with all of the EU member states’ regulatory bodies, including the Financial Conduct Authority (FCA) in the United Kingdom.  

Accounts

In common with many other Forex brokers, TRADE.com enables the user to open a Practice Account first if they so wish, so that they can experiment with trading strategies without having to risk any real money. Not only are there practice funds available to those who choose this membership, but such users also have access to invaluable education videos, market news and analysis. 

Again as with other trading platforms of its type, TRADE.com Practice Account users can proceed to what is known as a Live Account, which allows them to take advantage of various trading and customer services, ranging from technical indicators and tools to a low minimum deposit amount. 

As shown below, TRADE.com offers a choice of Trading Accounts that differ in terms of minimum account size and features. 

ITRADER Bonus

New users opening a Live Account can help themselves to a £25 free gift when they enter their mobile number into the relevant form accessible from the trading interface and then provide the verification code that is texted to them. 

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Features

TRADE.com enables its members to trade more than 2,000 instruments across the global financial markets. Stock CFDs, for example, can be traded on a 24 hours a day, 5 days a week basis, with a leverage range from 1:5 to 1:20, tight spreads and no commissions. 

Forex is also available, of course, with more than 45 currency pairs and 1:200 leverage available, while those interested in trading bonds will be pleased to learn that sterling, yen, euro and dollar bonds are all available and there are no fees or commissions. There are even 26 core global indices that can be traded, covering the major economic regions. 

Commodities – both soft and hard – can be traded too, supported by a low margin requirement and attractive premiums, as can Exchange-Traded Funds (ETFs) to further diversify the user’s asset portfolio. 

Platforms

There are two popular trading platforms that you can take advantage of through TRADE.com. One of them is MetaTrader 4, which is nothing less than one of the world’s most advanced and popular trading platforms and boasts all of the functionality that you would expect given such status. More than 300 available assets can be viewed through MT4, with customisation tools also available to engage specific strategies. 

Then, there’s the WebTrader platform that truly caters to every nuance of trading. An easy and intuitive to use interface, advanced charting and indicators, an up-to-date news ticker and ‘on the go’ trading through mobile devices are all noted features of this platform. 

Education

Education is clearly a key focus of TRADE.com. That is evident from one look at the dedicated Education part of the site that offers such resources as a ‘Beginners Course’ introducing the world of Forex trading and financial instruments, as well as MT4 tutorials covering such matters as installation, orders and adding indicators to the graphs. 

Other invaluable elements of this part of the site include trading strategy tutorials, with both ‘beginner’ and ‘advanced’ strategies covered. There’s even a Forex ebook to peruse, addressing such insightful subjects as trader psychology and behaviour, essential concepts and terms and tips for successful trading. 

Deposits/Withdrawals

There is a wide range of methods that the trader can use to deposit their own money, ranging from traditional credit and debit cards like Visa to the various popular e-wallet platforms such as Pay.com Card, Paysafecard, Neteller and Skrill. Wire transfer is another option. Any money in your account can be withdrawn via the same methods. 

Just bear in mind that the minimum accepted deposit at TRADE.com is £100. 

Customer Support

To receive assistance with anything on the site, click on the top right-hand corner ‘My Account’ drop-down menu and click ‘Support Center’. This will grant you access to various Frequently Asked Questions (FAQs), ranging from “How do I search for an instrument?” to “How to switch to demo account?” 

Alternatively, if your query isn’t answered in this section, you’ve got the option of contacting the support team directly via phone or email. 

Bottom Line

TRADE.com may not be the best-known of Forex brokers, and nor is the range of platforms that the site offers the broadest we’ve ever seen. However, its trading interface is perfectly functional and intuitive and the supporting resources in the Educational section pretty impressive. 

If you’re looking for the right place to get started with Forex trading, we would find it difficult to advise against TRADE.com. 

 

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