Trade.com Review – Get the Know-Hows
Trade.com is a brand name of Leadcapital Markets Ltd. A brokerage house licensed and regulated by CySec (Cyprus Securities and Exchange Commission), is also compliant with MiFID (EU) and registered with all the regulatory bodies of all the EU member states including the FCA (United Kingdom), AMF (France) and BaFIN (Germany).
Trade.com do not allow accounts from Japan, Canada and the United States.
Trade.com have a strong warning for all new investors to seek advice from independent financial advisers and make sure that you understand the risks and if this type of trading is for you.
Types of Accounts
There are 3 types of accounts at Trade.com with different starting investments. Starting at $1,000 for the Classic account, $5,000 for the gold account and $25,000 for the platinum account. They all have the following features such as Video training, Webinars, 24/7 customer support and all the accounts are both desktop and mobile friendly.
Trade.com uses Webtrader and MetaTrader 4. Webtrader is a fully functional program developed by experts with cutting edge tools such as intuitive controls and 24-hour access to all the Global Markets. It is also available for mobile devices and is fully compatible with the desktop version.
Through Trade.com you can download and get access to MetaTrader MT4 which is available with both desktop and mobile devices. It gives you access to various products such as Forex, FCD’s, Bonds and Stocks.
As a beginner, there is the availability of a Practice account where you can do desktop and mobile trading. You have practice funds and access to 24/5 customer support, training videos and access to daily market news and analyses.
The practice account will allow you all the trading options without using any funds from you and will allow you to do one click executions and quotes. Once you are comfortable that this business is for you, then you can register for a live account.
The trading account offers all the tools such as Technical indicators, daily market news and analyses, a low minimum deposit, leverage on all the instruments, one click executions and quotes in real time. More importantly, there will be an account manager available 24/5 for you to ask for advice and assistance.
The training at Trade.com covers all the aspects of forex trading and is on the website as the education center. The Education Centre covers lessons starting with the beginner’s course which will walk you through the introduction, the fundamentals that all traders should know, learn professional traders winning strategies and how to choose one that will suit you. It also covers training for the MT4 platform which includes adding indicators to graphs and using the different types of orders.
Generally, the education center covers all the aspects of Trade.com’s platforms and the assistance of the account manager. Training on the tools that the website uses and understanding emotional intelligence while trading with the rules of Capital Management.
There is also an eBook that you can download to get a more detailed training and use as a reference.
Our Trade.com Forex Gallery
Deposits and Withdrawals
The deposits into the Trade.com website will be kept separate from the account in a Tier 1 Bank and Trade.com does not have any charges. Only normal bank charges will apply.
Payments will be done according to the Investor Compensation Fund Policy provided that the investor has fulfilled their obligations.
Trade.com have a bonus system but it is advisable to speak to the relevant account manager or customer support before a person decides on this option. The trading volumes to qualify for this option might be beyond your reach.
Customer support is available through an email. The address is listed in the contact us section and there is a list of countries, which have support centers with phone numbers listed. The customer center is available from 22:00 GMT on Sunday to 22:00 GMT on Friday. There is also the option to call the account manager using the same times as the customer center.
Safety and Regulation
LeadCapital Markets Ltd was formed in 2013 and trades through Trade.com and license number 227/14. In accordance with the EU finance regulations and rules, the funds are kept in tier #1 banks.
Trade.com offers an excellent platform to trade in their commodities which covers forex, bonds, Commodities, indices, stocks and ETF’s. For beginners, it has a lot of training material to make sure that the person has the best chance of succeeding. There are bonus schemes which will be guided from the Account Manager.