Launched in 2009 and based in Cyprus, Trade.com is one of the leading brokers offering a vast range of tradable assets, and its other strengths also lie in the choice it delivers to you. Its features are highly customisable, don’t restrict trading strategies, and offer technical indicators and a copy trader.
Here are its main features:
Provides chart indicators and trending tools to help users make more informed trading decisions
Stop-loss/trailing stop loss to manage risks and maximise profits
Good levels of customer support, both in terms of availability and contact methods
Fast trade execution
Three great trading platforms to choose from: WebTrader, MetaTrader 4 and 5
Detailed market analysis and financial news
|💼 Provider Type:||Broker|
|💸 Minimum Deposit:||$1|
|💰 Trading Fees:||Varied|
|💰 Deposit Fees:||$0|
|💰 Withdrawal Fees:||$0 for withdrawals over $20|
|💰 Management Fees:||$0|
|🔀 Minimum trade order||$1|
|⌛ Withdrawal Timeframe:||24 - 48 Hours|
|#️⃣ Number of Cryptocurrencies Supported:||11|
|#️⃣ Number of Crypto Pairs Supported:||6|
|💱 Top supported Cryptocurrencies:||BTC, ETH, DASH, LTC, XRP|
|📱 Native Mobile App:||Yes|
|🖥️ Free Demo Account:||Yes|
|🎧 Customer Support:||WhatsApp, Email, Live chat|
|✅ Verification required:||KYC|
|📈 CFD Available||Yes|
|📊 Software:||Website, web app, mobile app|
|⚽ Social Trading:||No|
|✂️ Copy Trading:||No|
|👮♂️ Regulators||the FSP, the FSCA, the FCS, the CySEC|
Pros and Cons of Using Trade.com
Trade.com Cryptocurrencies and Trading Options
What cryptocurrencies can you trade on Trade.com?
As is the case with many brokers, you can only trade cryptocurrency CFDs with Trade.com. There is quite a restricted list of coins/tokens on offer, but the most popular coins are notably supported.
Trade.com supports 11 cryptocurrencies. They are as follows:
*only available in a pair with USD
Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Different Trading Options Offered by Trade.com
In terms of cryptocurrencies, Trade.com only offers CFDs. Your location could also affect the available assets, so we recommend you check before trading.
What are CFDs?
Contracts For Difference are available for forex, commodities, stocks and indices. CFDs are only offered by brokers; essentially, you purchase a contract with the brokerage itself that guarantees a return if the asset value increases and a loss if the asset value decreases.
Can I Trade With Leverage on Trade.com?
Yes. Trade.com offers leverage on all of its financial products, including cryptocurrencies.
You can trade all of the 11 cryptocurrencies on offer with 1:2 leverage.
Disclaimer: Trading financial instruments, including cryptocurrency and foreign currency markets, come with a very high level of risk. Regarding leverage and margin-based trading, you will be exposed to an increased risk of loss.
What Are the Spreads?
Generally, Trade.com offers competitive spreads. The spreads for cryptocurrencies are added to the fee you pay and vary a lot, starting from around $0.001 (ADA) and rising up to $11 (Bitcoin).
Overall, Trade.com’s spreads are competitive with its industry competitors, but they are subject to monumental change. Therefore, they need to be checked before you make a trade.
Fees, Limits, and Payment Options on Trade.com
What Are the Deposit and Withdrawal Fees, Limits, and Speeds?
Trade.com offers a good range of payment options and a secure system to run them through. Fees are also good compared to industry competitors, with zero costs being incurred for both deposits and withdrawals when they are over a specific limit. The time to process deposits and trades are primarily instantaneous. However, withdrawals can take longer depending on which provider you use.
Here are the available deposit methods on Trade.com:
Depositing money is free and requires a minimum amount of $1. Depositing should be instant.
Withdrawal methods are the same as those accepted for deposits. Withdrawals are free of charge, but there are some circumstances you should be aware of that can incur fees due to withdrawal sizes. They are:
Minimum withdrawal is $20 to receive zero fees
Withdrawals under $20 will incur a $10 fee
Bank transfers have a minimum withdrawal of $100 to receive zero fees
Bank transfers less than $100 will incur a $50 fee
Withdrawal speeds will depend upon the third party provider you use.
How Much Are Trade.com’s Fees and Commissions?
Trading fees depend upon which asset you are trading. Fees are the sum of the commissions paid directly to Trade.com for executing trades, and the spread cost can be high for some assets.
Some brokers do not charge a commission but equally don’t offer spreads as favourable. Thus, you need to check each trade’s exact spreads and rates to get the most competitive price possible.
Additionally, Trade.com does charge an inactivity fee.
Trade.com Trade Sizes and Limits
Trade sizes depend entirely upon which asset you are trading, on what account, and on which platform. We advise checking the applicable limits before you trade.
Trading.com Trading Platform
What Devices Can I Use Trade.com On?
Trade.com offers all of its trading platforms on both desktop and mobile devices, including iOS, mac, windows and android. One of the great features of Trade.com is the choice it offers to its users, and its devices certainly pertain to this.
Mobile phone application: can be downloaded from the app store for free (android and iOS). You will, however, download the third-party apps of MetaTrader 4 and 5. Both apps have great functionality, and you can perform almost all of the tasks you can on its WebTrader.
WebTrader: The WebTrader is the native platform of Trade.com and offers you all of its core features. You can trade over 1000 assets, utilise the multi-chart display, and enjoy its easy-to-use interface. The WebTrader is suitable for advanced traders and perhaps a little more difficult for beginners. However, you can customise things to make it easier.
Can I Use Trade.com in Any Country?
Trade.com has a really good international reach. Here are the four main countries it is available in:
Is Trade.com Available in My Language?
Trade.com is available in a vast range of languages. The four main languages are:
How Easy Is It to Use Trade.com?
Trade.com is a platform best suited to advanced traders. It has good customisability, which makes it adaptable. Moreover, it offers some of the best trading interfaces on the market.
Trade.com offers MetaTrader 4 and 5 compatibilities, which are globally renowned. All of these platforms function equally as well on mobile and desktop.
Its tools make a premium trading experience but are not friendly to beginners.
Trade.com features are centred around advanced trading options and user customizability.
One-Click Order Execution
Allows you to trade fast and technically.
MetaTrader 4 and 5
Two of the best technical trading platforms on the market with the most advanced trading tools and charting.
Explore and become familiar with the Trade.com interface before depositing any funds.
Security and Regulation
Is Trade.com Safe?
Explain the security features of the exchange being reviewed and let the reader know if this is a trustworthy service to invest their money in. Does it offer 2-factor authentication?
Never say a platform is “safe” but instead say things like it offers high levels of security that can make your account safer etc.
Am I and My Cryptocurrency Protected?
Yes. Due to its high levels of regulation, there is a Compensation Fund.
Is Trade.com Regulated?
Trade.com is regulated by:
Do I Have to Verify My Account With Trade.com?
Yes. You will need to follow KYC regulations and provide:
Relevant ID or passport
Picture of you
Trade.com offers limited educational resources when compared with market competitors. There are few resources aimed at guiding beginners, with most of the resources providing technical analysis for advanced traders.
There is also a very limited FAQ centre.
Tools and Charting
Trading.com has great tools and charting, offering a rich experience to the most experienced traders. Also, it provides intelligent analysis, a trading centre, and a range of charts and multi-chart displays that can challenge any competitor.
Trade.com offers 24/5 customer support. While this is slightly below what the best platforms may offer, it has a great range of contact methods to balance this out, including:
Response time is widely reported as fast, and you will need to provide contact details for all methods.
How to Open an Account With Trade.com
Step 1 - Visit Trade.com's official site & Sign up
Create an account. You will need to make an account directly with Trade.com even if you only wish to use MetaTrader 4 or 5.
Step 2 - Verify your identity
Provide ID and proof of address to begin authenticating your account.
Step 3 - Start trading
Once verified, deposit funds using one of the methods suggested and start trading!
Is there an alternative to crypto brokers?
Yes, there are many more ways to trade cryptocurrencies such as using cryptocurrency robots. Check out some of our reviews for the best trading robots:
Is there an alternative to Trade.com?
Trade.com is one of the most regulated and well-known brokers on the market today, with its strengths lying in the far-reaching choice it offers to its users in all departments.
It offers over 1,000 assets to trade, with a vast range of trading instruments to go with them. Additionally, it facilitates both the MetaTrader 4 and 5, both widely accepted as some of the best platforms a trader has access to today. Plus, users can access all three different platforms on mobile, web and desktop devices.
In terms of cryptocurrency, Trade.com offers access to 11 coins/tokens, which is relatively low; it also only offers CFDs, which restrict you from actually purchasing the assets itself.
Overall, Trade.com is for experienced traders that want to trade in CFDs and Forex. Its rates are competitive, and its fees are low, but it struggles to compete with some of the best brokerages and is no way near the best exchanges.