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Trade.com Review
Trade.com is a provider of forex trading services. Traders can access a wide range of products in a variety of markets, including currencies, indices, bonds, cryptocurrencies and commodities.
Pros
- Segregates client funds
- Established in 2009
- Regulated by CySEC. FSCA and FCA
- Min. deposit from €1
Cons
- Doesn’t offer VPS (See alternatives)
- Inactivity Fee
- Limited range of instruments
A minimum deposit of €1 is required for a live account. Trade.com, on the other hand, provides a free demo account that you may utilize to experiment and familiarize yourself with their platform.
Regulated by CySEC (license number 227/14), Financial Conduct Authority (738538) and Financial Sector Conduct Authority (FSP number 47857), all Trade.com client funds are held in a segregated bank account and they work with tier-1 banks. Trade.com was established in 2009 and their head office is in Cyprus.
Before we get into the specifics of Trade.com’s spreads, fees, platforms, and trading tools, you might want to open the Trade.com website in a new tab by clicking the button below to get the most up-to-date information directly from the company.
Disclosure: If you sign up with a broker through one of our links, we may receive a commission.
What are Trade.com’s spreads & fees?
Trade.com, like most brokers, charges a fee based on the spread, or the difference between the bid and ask price of an instrument.
The commissions and minimum spreads shown here are taken from Trade.com’s website.
| Forex | Trade.com | eToro | XTB |
| EUR/USD(Average: 0.7 pips) | 1.9 pips | 3.0 pips | 0.1 pips |
| GBP/USD(Average: 1.1 pips) | 2.2 pips | 4.0 pips | 0.1 pips |
| USD/JPY(Average: 1.1 pips) | 2.1 pips | 2.0 pips | 0.1 pips |
| AUD/USD(Average: 0.8 pips) | 2.8 pips | 1.0 pips | 0.2 pips |
| USD/CHF(Average: 2.3 pips) | 2.1 pips | 3.0 pips | 0.2 pips |
| USD/CAD(Average: 2.9 pips) | 3.2 pips | 3.0 pips | 0.3 pips |
| NZD/USD(Average: 3.6 pips) | 2.8 pips | 5.0 pips | 0.3 pips |
| EUR/GBP(Average: 2.4 pips) | 2.7 pips | 4.0 pips | 0.1 pips |
The spreads are variable and are displayed for information purposes.
As you can see, Trade.com’s minimum EUR/USD spread is 1.9 pips, which is high when compared to the average EUR/USD spread of 0.70 pips.
The table below compares the costs of trading one lot of EUR/USD with Trade.com vs. similar brokers.
How much does Trade.com charge to trade 1 lot of EUR/USD?
You would likely spend $20.01 if you bought one standard lot of EUR/USD (100k units) with Trade.com at an exchange rate of 1.1719 and then sold it the next day at the same rate.Here’s a quick rundown of the fees and how they compare to IG and XTB.
| Trade.com | IG | XTB | |
| Spread from: | $ 19.00 | $ 6.00 | $ 2.00 |
| Commission: | $0.00 | $0.00 | $0.00 |
| Total cost of a 100k trade: | $ 19.00 | $ 6.00 | $ 2.00 |
| $13 less | $17 less | ||
| VISIT Trade.com | VISIT IG | VISIT XTB |
Fees and quotes are displayed for information purposes and could change..
What can you trade with Trade.com?
Over 2,141 different instruments, including over 55 currency pairs, are available to trade at Trade.com. Below, we’ve summarized all of Trade.com’s several types of instruments, as well as the instruments given by IG and XTB for comparison.
| FX / Currencies | Trade.com | IG | XTB |
| # of forex pairs offered | 47 | 90 | 48 |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes |
| Cryptocurrencies* | Yes | Yes | Yes |
| Commodity CFDs | Trade.com | IG | XTB |
| # of commodities offered | 6 | 34 | 21 |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes |
| Index & Stock CFDs | Trade.com | IG | XTB |
| # of stocks offered | 957 | 8000 | 1606 |
| UK shares | Yes | Yes | Yes |
| US shares | Yes | Yes | Yes |
| German shares | Yes | Yes | Yes |
| Japanese shares | Yes | Yes | Yes |
| SEE Trade.com’S INSTRUMENTS | SEE IG’S INSTRUMENTS | SEE XTB’S INSTRUMENTS |
What’s the Trade.com trading experience like?
1) Platforms and apps
Trade.com is among the few brokers that supports both the MetaTrader 4 and MetaTrader 5 platforms. To discover how the two systems differ, check out our MT4 versus MT5 comparison.
They offer Android and iOS mobile apps, making it easy to keep track of and execute deals while on the go.
Still not sure?
Open a demo account and learn how to trade.
2) Executing Trades
The maximum and minimum trade size depend on the account type when you trade with Trade.com.
Trade.com, as a market maker, may have lower entrance criteria than an ECN broker, which benefits from the bigger number of trades and often has higher capital and minimum trading requirements.
Market makers usually offer a lower minimum deposit, fewer minimum trade requirements, and zero commission trading.
Margin requirements vary by trader, account, and instrument, as they do with most brokers. On their website, you may see the most recent margin and leverage details.
Stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and other risk management features are available through Trade.com. Here you can find a list of all of Trade.com’s account features.
We have included a list of some of the most common funding options that Trade.com provides to its traders.
Trading Features:
- Offers STP
- Low min deposit
Accounts offered:
- Demo account
- Mini account
- Standard account
- Islamic account
Funding methods:
- Credit cards
- Bank Transfer
- Skrill
- Neteller
3) Client support
Trade.com offers support in many languages like English, Albanian, Arabic, Czech, Danish, German, French, Greek, Hungarian, Italian, Norwegian, Polish, Portuguese, Romanian, Russian, Slovenian, Spanish, Swedish, Mandarin, and Thai.
4) What you’ll need to open an account with Trade.com
Because Trade.com is regulated by the CySEC, every new client must pass a few simple compliance tests to confirm that you are aware of the risks associated with trading and that you are permitted to trade. You’ll probably be asked for the following information when you register an account:
- a color copy of your passport, driver’s license, or other government-issued identification
- a three-month utility bill, bank or credit card statement that shows your current address
You’ll also need to answer a few questions regarding your trading experience, so set aside at least 10 minutes to finish the account opening procedure.
You may be able to explore their platform right away, but you will not be allowed to make any transactions until you pass verification, which depending on the circumstances could take from a few hours up to a few days.
To begin the on-boarding process with Trade.com, you can go to their website.
72.60% of retail investor accounts lose money when trading CFDs with this provider.
