Trade.com Review 2018

Find the best trading platform. You capital is at risk when trading. Be careful.

(You invest at your own risk)

Trade.com is a CFD and forex broker that offers access to most of the world’s markets including cryptocurrencies.

With more than 2000 underlying assets they have a selection of trading possibilities that few brokers can compete with. Combine that with some of the world’s leading trading platforms and you have an excellent broker for every situation. In fact, Trade.com is a great choice if you are looking for a broker that offers many assets.

This broker is also fully licensed and regulated by the Cyprus Securities and Exchange Commission which means that they are completely safe to use. However, they are not permitted to offer their services in Japan, Canada, or the United States.

In this Trade.com Review we are going to take a closer look at the broker.

Create an account at Trade.com

Trade.com scam? Is Trade safe?

We would never recommend a broker or any other trading services and tools if we weren’t completely confident that you could trust them. Trade.com has gone through all the necessary procedures to ensure that they offer a safe product and that they are regulated by trustworthy authorities.

The broker is owned and operated by LeadCapital Markets Ltd who has a license from CySEC. This means that Trade.com is fully authorized to offer trading and investment services in most of Europe and the rest of the world.

In other words, Trade.com is not a scam nor is it a shady operator but rather one of the few really good CFD and forex brokers on the market. We ourselves have used their services and could not be happier with the experience.

Trust us when we say that you can open an account with Trade.com today without ever having to worry about your funds or personal information.

5 things you need to know about Trade.com

Before we get started with our markets.com review we thought it would be interesting to list 5 quite unknown facts about trade.com.

  • Trade.com has a huge selection of tradable assets, in fact, they offer over 2100 assets, and that’s almost as many as Plus500. The assets offered includes Stocks, Indices, Forex, Cryptocurrencies, Commodities, Bonds, and ETFs.
  • If you are new to trading you might wanna be interested in opening a completely free demo account with trade.com. They offer an excellent trading account.
  • You can go mobile since Trade.com offers one of the best apps in the world for trading, you can buy and sell any assets listed on the trading platform from the app.
  • Trade.com is very safe to trade with. First of all, they are regulated by CySEC and secondly, they have a really good reputation on the market. If you read around on forums you will find many other brokers being in the spotlight all the time over delayed withdrawals and scams but Trade.com is doing a great job offering fair service.
  • One of the trading platforms offered is a whitelabel of the massive CFD broker Markets.com, meaning, they offer the same quality platform as Markets.com.

Trade.com Trading Platforms

In an attempt to stay at the forefront of brokers on the market, Trade.com has chosen to collaborate with some of the best and most well-known trading platforms on the market.

MetaTrader 4 is a platform that we have talked a lot about here on BullMarketz and for good reason. For years, the MT4 platform has been one of the leading trading tools on the market and it is used by many of the best brokers. It is a solid product that is easy to use and is designed for both beginners and advanced daytraders. It’s a good option for anyone looking to trade forex and CFDs online.

WebTrader is the browser-based version of MetaTrader 4 and also a leading platform on the market. In fact, when it comes to web traders this is probably the best one. The features are somewhat limited. However, you do get access to over 2,100 instruments, trading cubes, an easy-to-use interface, and several other practical solutions.

MetaTrader 5

The MetaTrader 4 is the best forex trading platform in the world, but when it comes to CFD trading, it is very limited. Because of that, Trade.com also offers traders the opportunity to use the MetaTrader 5. With the MT5 you can invest in stocks, ETFs, and more from the United States and Europe with confidence. The platform comes with state of the art analytic abilities, great execution, and everything else you would expect from an industry-leading broker like Trade.com.

Trade.com App

Trade.com offers access to another web trader for anyone who wants to trade. It is called Sirix Webtrader and is available for Android and iOS devices through the browser. This means that there is no need to download any apps. Instead, you can access all the tools through the secure HTML5 website.

Sirix WebTrader is a great option if you need to trade on the go and we really enjoy using it on all of our mobile devices.

Trade.com Trading Accounts

You have several options when it comes to choosing what account to use with Trade.com. Firstly, they offer one regular trading account and one Trade.com demo account, but they also offer two exclusive premium versions of the regular account.

Demo Account
Demo Account is officially called a practice account, and it is a great asset for traders of all skill levels. With a Trade.com demo account, you can trade with virtual money on all markets in order to practice trading and develop strategies. The demo account comes with all the features of the regular trading account, including 24/7 support and mobile trading.

Create a Demo Account
Trading Account
The regular trading account on Trade.com’s platform is referred to as the live account. This is the most common type of account, and it can be used to trade on all available instruments using all the platforms. With the live account, you get access to video tutorials, a dedicated account manager, 24-hour support, and several other practical features.

The trading account also comes with two premium accounts for traders that want to spend a little extra.

  • Gold Account requires a minimum deposit of $5,000, but for that price you’ll receive daily premium analyses as well as a trading central.
  • Platinum Account can be open with a deposit of $25,000. The features are the same as with the Gold Account, but you can also utilize premium customer support which includes tips, gifts, and exclusive invites.
Create a Trading Account

Trade.com Demo Account

We can’t emphasize enough how important it is to consider using a demo account in your everyday trading regardless of your level of skill and previous experience. Even though demo accounts were originally designed to help beginners gain some necessary knowledge before diving head first into real trading, there are many benefits for us all to make use of.

In the case of Trade.com, you can sign up for a demo account and use MetaQuotes’ renowned trading platforms. That means you can start trading on MetaTrader 4 and the WebTrader with zero risks.

The best part is that it’s easy to open a Trade.com demo account. All you have to do is provide your email address, pick a password, and sign up. If you end up liking the platforms and you feel like Trade.com is the right broker for you, the process of opening a real account from your Trade.com demo account is easy.

Moreover, you can also decide to start with a real trading account and go through the registration process (see below) first because with a real trading account you get automatic access to Trade.com’s demo account. We only recommend this to people that are convinced that Trade.com is right for them and that are ready to start trading right away.

Risks of Trade.com’s Demo Account

Before you go ahead and open a demo account, we want to inform you about a potential risk. Generally speaking, demo accounts are risk-free especially since you can’t lose any real money. However, since there is no real risk, there is a chance that you might start to trade irresponsibly and make a decision that wouldn’t be optimal when trading with real money. And the risk is that you adopt an irresponsible trading mentality and apply it to your real trading.

What we’re trying to say is that you need to be careful when switching from your Trade.com demo account to your regular account, especially after extended periods of demo trading.

Now let us take a closer look at how you can get started trading with Trade.com.

Trade.com Trading Assets

As mentioned, Trade.com has a massive selection of assets with over 2,100 instruments to choose from. This is not the largest selection that we have seen, but it’s definitely large enough to satisfy most people. And in our opinion, more options than this usually only end up being overwhelming.

The 2,000+ tradable assets are divided into 8 asset classes covering all of the most popular markets in the world including cryptocurrencies, stocks, and exchange-traded funds. This ensures that there is always something for you to invest in regardless of mood, previous experience, and investment goals.

  • Forex – One of Trade.com’s main focuses is forex trading. Currently, they offer 55 currency pairs, no commission trading, leverage up to 1:300, as well as some of the tightest spreads in the industry.
  • Cryptocurrencies – Cryptocurrencies are a sub-category of Trade.com’s selection of forex trading. You can trade Bitcoin, Ethereum, Litecoin and Dash with USD on Trade.com’s platform.
  • CFD – CFD is short for Contract for Difference, and it is a speculative form of trading that gives you access to many markets. Below you’ll find a list of all the markets you can trade CFDs on with Trade.com.
  • Commodities – Trade.com offers 19 commodities such as gold, silver, aluminum, brent oil, natural gas. It’s a great selection and something we highly recommend that you try.
  • Bonds – You can trade several different bonds with Trade.com such as yen, euro, and dollar bonds.
  • Indices – Trade.com covers 26 of the world’s leading indices, meaning you can buy CFDs on The Dow Jones, S&P 500, and many more.
  • Stocks – As with most CFD brokers, stocks are the biggest part of Trade.com’s selection. You can choose to speculate on the value of more than 2,000 different companies from all over the world.
  • ETFs – You can also use Trade.com to invest in 2,000 assets spread over 37 different ETFs, or exchange-traded funds.

Trade.com License and Regulation

We have already mentioned that Trade.com is a fully licensed and regulated broker. Here you can find more information about that license.

LeadCapital Markets, the company that operates Trade.com, has a license from Cyprus Securities and Exchange Commission with number 227/14. This means that they are required to follow very strict guidelines and that you as a customer are protected if anything would happen.

Having a license is necessary to be considered a trustworthy company and Trade.com has managed to attain one from one of the strictest authorities in the industry.

Now let us take a closer look at how you can get started trading with Trade.com.

Open and Verify Your Account

Follow any Trade.com link on this page to get redirected to the page where you can start your registration. Then proceed with following the steps that we have outlined below.

The first step of the registration process is to provide Trade.com with the information they need to start your account. This includes your name, email address, physical address, phone number, etc. All of this information will be verified at a later time so it needs to be correct.

If you’ve ever signed up for anything else online, you’re already familiar with this process.

The next step is to answer a set of questions related to trading and the financial world. This is done for two reasons. First and foremost there are regulations about the minimum knowledge a trader is required to have in order to open an account. It is also done in order for Trade.com to evaluate your knowledge to determine if you need any restrictions that will help minimize your risk. For example, they can limit the amount of leverage that you have access to or direct you to their educational material for beginners. This process is something all brokers do and not something you can avoid.

After these two steps, your account is officially open, and you can actually go ahead and deposit money and start trading. However, before you can withdraw any of your earnings, you need to verify your identity. The verification process is usually easy, but sometimes it can take longer than expected. Because of this, we advise you to verify your account as soon as you can to avoid being unable to withdraw because of verification issues.

To verify your identity and open your account fully, Trade.com will ask for two documents.

  • You need to provide the broker with a copy of your ID. This can be your passport, your national ID, or a driver’s license. The copy needs to be in color and all of the information on the ID needs to be clearly visible.
  • You also need to provide a recent utility bill with your address on. For example, an electric or mobile bill that is no older than three months. In case you don’t have a recent utility bill, a bank statement will do.

After these documents have been submitted, Trade.com will evaluate them and verify you as soon as they can. Trade.com can also ask for more information to be submitted if they think it’s needed.

Don’t forget that Trade.com does have the final say and they can deny you access to the platform, although that is highly unlikely as long as you meet their requirements.

Trade.com Payment Methods

Trade.com offers a good selection of payment methods and something that fits everyone. Be aware that some of the options might be limited to certain areas so you will have to double check what is available in your specific country before you deposit funds.

The following payment methods can be used to fund your Trade.com trading account:

  • Credit and debit cards – Mastercard, Visa, Visa Electron, JCB, etc.
  • Skrill – An online payment service available to most.
  • Neteller – Just like Skrill, this is an online payment method for traders from most countries.
  • WebMoney – Another payment option that most traders can use.
  • Qiwi – An online Russian payment method.

Since Trade.com is a regulated broker, the payment methods are regulated and approved by the CySEC. That means that Trade.com can’t offer whichever payment method they see fit but instead they have to follow well-established guidelines.

Moreover, this ensures that you won’t be ripped off and that your money will be safe and protected even during transactions.This means you can always feel safe when using Trade.com especially when you fund your account or withdraw any potential earnings from your trading account.

Trade.com Customer Support

Trade.com’s customer service is as good as it gets. They can be contacted by email, phone, live chat, and regular mail, and they are available in several different languages.

There are currently 26 local phone numbers that you can call to talk to a local specialist but the main phone number for Trade.com is +44 20 3769 6848.

You can also email them at [email protected] or send a letter to their headquarters in Cyprus. However, the easiest way to reach Trade.com is through the live chat offered on their website.

Having a great customer service is one of many requirements that we think that every broker needs to excel at. Mostly because there will always be time when traders need help and support, but also because it adds to a broker’s transparency.

To make sure that every broker we recommend has a good enough customer service we contact them through a few different channels and Trade.com did really well. Every time we contacted them through chat and email, they responded quickly and gave us detailed answers.

Fees, Spread, and Commission

We spent the time analyzing Trade.com’s fees and charges so that you will know what to expect before you start trading, otherwise the risk is that you start racking up unnecessary fees pretty quickly.

What does it cost to trade with Trade.com? Let us take a closer look.

Spread

Spread is the most common way for brokers to charge traders for each position they open. In fact, there is no broker that doesn’t charge spread so you can’t avoid it, although there is a big difference in how much spread different brokers charge.

Unfortunately, Trade.com does not have the most competitive spreads, and for certain popular assets, their spread is many times higher than the industry average. For example, Trade.com’s spread for USD/EUR is as high as 3.0 pips, which is much higher than the average of 0.8 pips. Because of this, we encourage you to be careful and study the spread for each position you want to open – before you open it.

Note that certain assets have better terms and a lot lower spread and remember that spreads are dynamic and constantly changing.

Commission

Trade.com is completely free of commission which helps even out the not so competitive spreads. Most of the leading brokers are commission-free, so we’re not really surprised to see that Trade.com is as well.

Fees

In addition to spreads, Trade.com charges a collection of other fees. For example, there is an overnight charge for positions that are kept open after the market closes. Also, there are some fees charged for withdrawals using certain payment options.

All of these extra fees are pretty standard in the industry, and we have to give Trade.com props for being so open about them. Every fee is clearly disclosed on Trade.com’s website.

Trading with Trade.com

It’s probably quite obvious that we like Trade.com and that we think they are a good broker, and we really do. However, if there is one thing that we’re not very impressed with it is the user experience.

Don’t get us wrong, Trade.com is very easy to use and the user experience is actually very streamlined. What we don’t like is that it feels like it’s missing something, there is a lack of wow factor that many other brokers offer.

For some people this is perfect, and as mentioned, there is nothing wrong with the experience. It’s just that we expect a little bit more and potentially something unique from a broker of this caliber.

Using Trade.com on a Computer

Everyone who prefers trading on a desktop computer or a laptop can use Trade.com in a couple of different ways. You can choose to use either the MetaTrader 4 (forex) or the WebTrader (CFD) depending on whether you want to trade forex or CFDs. The MT4 is mostly for forex trading while the WebTrader gives you access to over 2,100 assets.

Using the desktop version of the MetaTrader 4 is always a pleasure, and there are really no doubts about why it is considered to be the best forex trading platform in the world. The WebTrader is also extremely well-designed and exciting to use. It runs very smoothly to be a web-based software, and it’s quite incredible that you get access to so many assets online.

In terms of available tools, execution, and analytic opportunities, both platforms are state of the art, but as mentioned, we do feel that there is something lacking.

In addition, you can use the MetaTrader 5 platform to trade live stocks, ETF’s, and other securities from the United States and Europe. The MT5 was recently added to Trade.com, and it is only available to certain accounts, but if you’re into stock trading this is the platform for you.

Using the Trade.com App on a Mobile Device

Today Trade.com has a great mobile trading solution. The Trade.com app is called the Sirix WebTrader, and it’s a very popular web-based mobile trading app. It’s well-known for its functionality and ease of use, and we love that it’s available directly through your browser. Even though the app is technically web-based, it does require a download from either Google or Apple’s app stores.

Our experience with the Trade.com app has been nothing but good, although we did notice that there has been an increase in bad reviews lately. We are not sure if the increase is because Trade.com has seen an overall increase in new users or if something happened to the app.

Trade.com Leverage and Margin

All forex and CFD broker provide leverage and margin to their traders and Trade.com is no exception. If you don’t know what leverage is, we suggest you check our guide on it because trading with leverage without knowing the risks is not only irresponsible but also highly risky.

In the spring of 2018, the European Securities and Market Authority decided to update the regulations regarding leverage in Europe and from August 1, 2018 leverage has been limited for all traders in the European Union. This means that Trade.com is offering the exact same leverage as all other broker operating in Europe.

We have covered these changes extensively and have listed all the leverage limits for your convenience.

Trading with leverage is fun and it provides the possibility of maximizing one’s profits, but it also comes with increased risk so we advise you to be careful.

Trade.com FAQ

In our opinion, no detailed broker review is complete without the input of users themselves. Since our Trade.com review is written for traders looking for a broker we have listened carefully to what traders are asking and wondering about. What are the questions that novice traders ask about brokers they are considering using?

We spent quite some time collecting the most commonly asked questions about Trade.com and other brokers and then we provided answers to those questions to further help you with your decision.

This Trade.com FAQ covers regulations, demo accounts, deposits, fees, and so much more in order to provide you with all of the answers to your questions. If you have a question that we haven’t answered we encourage you to leave a comment with it below and we’ll answer it as soon as we can.

Remember that the following questions are answered by industry professionals with extensive experience trading CFDs and forex. And in the cases where answers aren’t clear, we have turned directly to Trade.com for a better explanation.

Who is Trade.com and who owns the broker?

Trade.com is a popular and innovative forex and CFD broker. Over the years, Trade.com has handled thousands of traders from all over the world, and they are more than qualified to be a part of our list of recommended brokers.

Trade.com is owned and operated by Lead Capital Market Ltd. which is a Cyprus Investment Firm (CIF) that is regulated, authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC).

Any broker licensed by CySEC operates under regulations outlined by the European Securities and Market Authority (ESMA) which is a part of the EU’s official trading authority. ESMA and CySEC aim to protect and support traders and always put your interest before the interest of the broker.

Why should I use Trade.com and not one of the many other brokers?

That is a good question and ultimately a personal choice. That being said, there are a few reasons as to why Trade.com is a better option than some other brokers. First of all, Trade.com is a regulated and safe broker. Secondly, Trade.com offers more than 2,100 tradeable instruments. Thirdly, Trade.com provides access to the MetaTrader 4 which is the best forex trading platform in the world as well as the MetaTrader 5 which is a renowned

CFD trading platform. Finally, Trade.com has a long reputation of being one of the most trustable brokers in the world.

How does Trade.com make money?

Like all brokers, Trade.com charges small fees and spread for certain services and assets. These charges are almost always kept to a minimum and are required for Trade.com to be able to operate and provide the type of services they offer.

For more information about Trade.com’s fees, we suggest you check the review above or visit Trade.com directly.

Can I trust Trade.com?

Yes, Trade.com is not a scam. You can trust this broker with your information and your funds. We know this since we have used the broker ourselves and we have also studied what other traders think of the broker by reading through other reviews and forums where people discuss Trade.com.

However, the most compelling reason why Trade.com is safe is the fact that they are licensed and registered by CySEC – the most respectable licensing firm for forex brokers in Europe. Without this license, we would never recommend Trade.com.

How do I open a live trading account with Trade.com?

Opening an account with Trade.com is easy, and we’ve outlined the process in the review above. Although, we can give you a quick rundown of what you need to do. Start by following any of the Trade.com links on this page to be redirected to the broker’s registration page. From there, you will initiate the registration.

The first step requires you to provide information about yourself such as name, address, email, phone number, etc. This information will later be used to verify your identity so make sure it’s all correct. You will also have to answer questions regarding your financial experience and knowledge about leveraged trading, the risks associated with CFD and forex trading, and so forth. This is done in order for Trade.com to evaluate your skills and whether or not they need to limit your account to protect you from unnecessary risk.

After that, your account is ready and you can deposit money and start trading but you will need to verify your identity before you can withdraw any money. See more below.

Can you help me with verifying my account?

Trade.com’s verification process is the same as all other licensed brokers. It requires you to provide two documents that confirm that you are who you say you are. Firstly, you will have to provide a copy of your ID. This can either be your passport, your official national ID card or a driver’s license that verify your identity. You will also have to provide a recent utility bill to

verify your address. If you don’t have a utility bill, a bank statement with your name and address on it is sufficient. After that, it is up to Trade.com to study the information and verify you. Note that Trade.com can ask for you to provide additional information if they think it’s needed. They also have the right to deny you.

In certain cases, the verification process can take a few hours or even days which is why we advise you to verify your identity as soon as you can after you’ve signed up. Otherwise, you run the risk of having to wait to withdraw your earnings.

Can I use a demo account with Trade.com?

Yes, Trade.com provides a demo account that you can use to test the MetaTrader 4 and the MetaTrader 5 platforms before registering for a live trading account. We always encourage our readers to use a risk-free demo account with any broker they use since it provides great benefits and can give you an advantage over other traders.

What is CFD trading?

CFDs are a derivative used to speculate on underlying assets such as stocks, commodities, cryptocurrencies, and more. It’s a popular way to day trade, and it comes with many benefits compared to traditional trading. That being said, CFD trading is also associated with high risk and since leverage is used you run the risk of experiencing increased losses.

Always be careful when trading CFDs and make sure you know what you are getting yourself into before you start. The best way to learn more about CFD trading with Trade.com is to study our guides and tips.

What is forex trading?

Forex trading is also known as FX and is a form of trading where you invest in currency pairs. The forex market is by far the largest market in the world and forex trading is something that millions of traders from all over the world partake in every day. Forex trading shares some similarities with CFD trading which is the reason why the two are often offered by the same brokers.

We provide extensive and informative guides to forex trading that we suggest you take a look at.

Which trading platform does Trade.com offer?

Trade.com offers two trading platforms plus a mobile trading solution. The two platforms are two of the most popular platforms in the world. It’s the MetaTrader 4 trading platform for forex trading and the MetaTrader 5 for CFD trading and more. Both of these platforms belong to the top tier of trading solutions and are used by millions of traders every day.

Can I use Trade.com on my smartphone?

Yes, Trade.com has a mobile trading app that can be used on all smartphones and tablets that run on Apple’s iOS and Google’s Android. That means you can bring Trade.com with you anywhere and open and close positions from your tablet and smartphone.

Download the Trade.com app from the two app stores.

Can I trade cryptocurrencies with Trade.com?

You can trade several cryptocurrencies with Trade.com, although you can’t buy the actual assets. Instead of trading cryptocurrencies as you would on an exchange or with a wallet, you can invest in them as currency pairs with USD.

Does Trade.com provide leverage?

All forex and CFD brokers provide leverage and margin so that traders can maximize their potential profits, and Trade.com is no exception. Just be aware that leverage trading is associated with increased risk and it requires an extensive understanding of the assets you trade with.

Note that in 2018, ESMA introduced rules limiting the amount of leverage that brokers are allowed to offer

How do I withdraw money from Trade.com?

To withdraw any earnings you need to open your account, go to the finance tab, and make a withdrawal. You have several payment methods to choose from, but Trade.com prefers you to withdraw money to the account that was used to fund it originally.

Are there withdrawal fees?

Fees for withdrawal can change and are dependent upon which payment method you use. To see a full list of fees we refer you to the review above or Trade.com’s website.

How can I fund my trading account?

You can fund your trading account using any of the provided payment methods such as your credit card, a bank transfer, online payment service Neteller and Skrill, and more. Certain options are limited to certain geographical areas, and there each method has its own restrictions in terms of minimum and maximum amounts.

Is Trade.com available worldwide?

No, Trade.com is not available worldwide due to the fact that regulations regarding CFD and forex trading differs. For example, Trade.com cannot be used in the United States, Canada, Belgium or Japan. However, Trade.com is available in all of Europe (except for Belgium) as well as in certain parts of Asia and Africa.

What fees do I have to pay when using Trade.com?

Trade.com charges a range of different fees for their services and products but they come in different shapes. The most common fee is called a spread which is the difference between the ask and bid price. This is charged by every broker out there and is not unique to Trade.com in any way. There are also some transactions fees and charges for other services.

We have covered all of the fees in the review above and suggest you check it out for more information.

How do I contact Trade.com?

The quickest and arguably the easiest way to contact Trade.com is through their live chat. By using the Trade.com live chat you instantly get connected to the support team. Otherwise, you can call one of almost 30 local phone numbers or get in contact with Trade.com’s main office in Cyprus.

Cons

There are three things that we would like to comment on and that we hope Trade.com will improve.

  1. The spreads on some of the largest currency pairs are way too high, both compared to their competitors and compared to the average prices. For several currency pairs, the spread is more than 3 times the average, which is really unusual to see. Unfortunately, when it comes to spread Trade.com can’t compete at all with the other brokers on this level.
  2. The overall user experience that Trade.com provides is better than good, but it’s lacking something. Except for the decently varied selection of assets, this broker lacks an edge that would separate them from the rest of the brokers. There is no cool or unique tool or a feature that is really attractive.
  3. While doing research for this review, we found it quite difficult to find specific information about the broker. Today, most brokers have extensive FAQs and information about themselves that is very accessible on their website, but Trade.com doesn’t. There is a whole section of the site dedicated to “Resources” but that only contains market updates, economic calendars, and such. There is also a short “About Us,” but we still haven’t found a source of useful information. To us, this is not really a major problem because we know that Trade.com is a legit broker and we were able to find the information we were looking for elsewhere. But for a potential client that wants to familiarize themselves with the broker, this could be an issue.

Professional Trading with Trade.com

In a response to ESMA updating their regulations regarding leveraged trading, Trade.com decided to try and find a solution and they did. You see, ESMAs new regulations are aimed to limit the amount of risk that retail trades are subjected to. This is done by implementing strict rules on retail traders. However, the regulations say nothing about professional traders.

Because of this, you can open a professional trading account and avoid the newly introduced limits on leverage, ie. keep using the old leverage system. The new system is called Elective Professional Client Program and it can be open directly through the website or your already active account.

Besides higher leverage, there are several benefits to having the professional account, for example, a personal account manager, assistant trading, and more.

But this is definitely not for everybody and the new account type is aimed at professional day traders that meet very specific requirements.

Professional Trader Requirements

  1. You need to be able to prove that you are an active trader. To do so, you have to show that you’ve performed at least 10 traders per quarter for the last four consecutive quarters. It doesn’t necessarily have to be on Trade.com so if you can prove that you’ve been using another regulated broker, Trade.com might approve you.
  2. Your portfolio has to be big enough already. To qualify as a professional trader you need to have a portfolio with financial instruments worth at least half a million euros. That’s right, one of the requirements is a portfolio with €500,000.
  3. The last requirement is experience. You have to prove that you have been actively trading for at least a year, preferably even more.

Note that Trade.com will evaluate every application carefully and that there is no guarantee that you will get a professional account even if you live up to the requirements.

What are the Experts Saying

Based on my experience from the industry and the extensive time spent researching and reviewing a large range of forex and CFD brokers, I am convinced that Trade.com is one of the best brokers out there. Their dedication to offering a large but also surprisingly varied selection of assets is to me a sign that there is a team of highly experienced traders and not only developers behind this broker. I also really appreciate the fact that they’ve decided to offer MetaQuote products as their main desktop platform but Sirix as their mobile platform.

Also, I really enjoyed using Trade.com while they were only offering the MetaTrader 4 and the WebTrader, but I think the addition of the MetaTrader 5 really brought this broker to the next level. It’s no secret that the MT4 and the MT5 are a lethal combination.Adam, Senior Editor BullMarketz

Trade.com Review – Final Thoughts

Trade.com is a good forex and CFD broker for anyone looking to start trading or changing brokers. They have a great selection of assets, amazing educational material, some of the best trading platforms in the world, and so much more.

This broker provides a service that is equally as good for professional traders as it is for beginners and there is a lot of potential for you to grow as a trader together with the broker.

The only real downside of Trade.com is the high spreads for certain popular currency pairs but you can either accept that fact or choose to trade on assets with more competitive spreads. And as always, if you’re still not convinced that this is a broker for you, we suggest you open a Trade.com demo account.

If you still don’t feel completely sold you can always take a look at some of the other fully regulated and safe forex and CFD brokers that we recommend.

COMMENTS

WORDPRESS: 31
  • comment-avatar

    Is trade.com the best alternative? Having looked at both Plus500 and Etoro I am not 100% sure of where to deposit. Trade.com is for sure interesting but in terms of platform other brokers seems to offer similar or even better solutions..

    Would be nice to hear your opinion is the matter..

    • comment-avatar

      Hi,

      Trade.com is an excellent alternative. If its the best alternative for you is another question. Ask yourself first what you are looking to trade and what type of platform you are looking for. Most brokers offer a bit different assets. For example, IQ Option is really good with cryptocurrencies while trade.com might be better suited for more traditional forex trading and stock trading. Also, feel free to set up a demo account and try the platforms out. Its free and it will only cost you some time.

      Good luck.

  • comment-avatar
    jacque 4 months ago

    I got ripped off by a bogus broker recently. It was difficult to get a withdrawal after several failed attempts.

  • comment-avatar
    Calvin 2 months ago

    trade was one of the first broker that I tried out and I still have my account with them.. I think they are fair and a much better option than plus500 or etoro.. I like trade.com a lot.

  • comment-avatar

    We are happy that you are pleased with trade.com, indeed, they are a great option and I also have an open trading account with them. Thanks for your user review.

    // BM

  • comment-avatar
    Charlie 1 month ago

    trade is one of the better options on the market today I think.. I never had any problems with them.. though they charge a hefty fee.. almost all cfdbrokers does this..

  • comment-avatar
    Karmen 1 month ago

    Hows this broker for trading crypto? and can I do so with a demo account? I am assuming I won’t be able to make any real money if I pick a demo account?

  • comment-avatar
    Mersajoync 3 weeks ago

    Hello everyone. I am new user of this forum. I am looking for answer for my question. Thanks a lot 🙂