|Platform||WebTrader, MetaTrader 4, Sirix WebTrader|
|Minimum account size||$100|
|Minimum lot size||0.01|
|Tradable assets||more than 2,000 instruments|
|Spread on EUR/USD||2 pips|
|Payment methods||Credit Card, e-Wallet Methods, Wire Transfer|
|Accepts US traders||No|
|Support||Email, Phone, Fax and Live Chat|
- Over 2,000 instruments
- Feature-rich resources and education centre
- Fast execution on all orders
- Demo account valid for 30 days only
Trade.com was founded in 2013 and is operated by Leadcapital Markets Ltd, a company which is authorized and regulated by the Cyprus Securities and Exchange Commission. They provide a suite of platforms that can be accessed by download, via web browsers or mobile devices.
The platforms that they provide can be accessed on computers and mobile devices. Currently, the platforms available are WebTrader, MetaTrader 4 and Sirix WebTrader and all are capable of executing orders quickly. They also come with essential tools that you can utilize for free to improve your trading results. This deserves a Platform score of 9/10.
Design-wise, the platform was obviously developed with the novice user in mind because the layout was simple and very easy to navigate. All the platforms took only a few seconds to load which is a great advantage especially for those who want to access the interface immediately. This merits a Design score of 5/5.
The $100 minimum account size is at par with the requirements of most brokers in the market today. This is huge advantage especially if you have a small capital to start with since you won’t need to deposit a huge amount of money. This warrants a minimum deposit score of 4/5.
Minimum Lot Size
You can place a minimum lot size of 0.01. This is basically the same lot size that is allowed by many forex brokers today which is why Trade.com gets a Minimum Trade Score of 3/5.
Among the strongest advantages of this broker is that it provides access to over 2,000 instruments which includes bonds, commodities, forex, indices, stocks and ETFs. Such feat cannot be easily matched and for this reason they deserve a Tradable assets score of 5/5.
They offer zero commission trading and tight spreads especially for major currency pairs. If you use the WebTrader, you can enjoy spreads as low as 2 pips for the EUR/USD pair and a little higher at 3 pips via the MT4 platform. Such spreads earn a Payouts score of 9/10.
Withdrawal requests are processed promptly although the time for the funds to appear in your account will be dependent on the payment method that was initially used for making the deposit. It usually takes up to 5 business days for wire transfers and online payments and up to 10 business days for credit and debit cards. Since they are able to promptly process such requests, they earn a Withdrawal Time score of 9/10.
Deposit and Withdrawal Methods
They accept credit cards, e-Wallet methods and Wire Transfers as payment options for adding funds into the account. Generally, they covered the major banking methods so they merit a Deposit and Withdrawal Methods score of 5/5.
Communication with the customer support can be done via email, phone, fax and live chat. They have international contact numbers for a number of countries including United Arab Emirates, China, Romania, France, Bahrain, Chile, Finland, Denmark and Norway. Service-wise their agents are able to deliver fast support with direct and accurate answers and for this reason Trade.com gets a Support score of 13/15.
Fortunately, requotes were not experienced during the platform tests and all orders were immediately executed even when market prices are moving rapidly. This warrants a Quote Accuracy Score of 10/10.
With a brand name that has been in the business since 2013 and an untarnished reputation in the trading community, Trade.com has built a strong credibility. The are fully licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) and are also compliant with the Markets in Financial Instruments Directive (MiFID). They are also registered with the regulatory bodies of all EU member states which means that they are operating and are fully compliant with regulated business practices. It is for this reason that they they earned a strong Reputation score of 15/20.
Trade.com is not just a forex broker but is also a one-stop trading site. Their suit of platforms are accessible via the most convenient means and with over 2,000 instruments, traders have the opportunity to invest in a wide range of assets. Aside from the favorable trading conditions which they are known for, they have also cemented their position one of the most reliable brokers in the online currency trading industry as proven by their CySEC license and a good number of positive client feedbacks. All in all, this is a reliable online brokerage firm which has a lot of advantages and promising features that will benefit their traders.
Final Score: 87/100