Pros & cons of Trade.com broker

Trade.com Fact sheet

The broker is regulated by three independent regulators, namely:

• Financial Conduct Authority (FCA) - the UK
• Cyprus Securities and Exchange Commission (CySEC) - Cyprus
• Financial Services Commission (FSC) - Mauritius

The broker is not only regulated by these authorities, but it offers slightly different services depending on the jurisdiction that the trader falls under. For example, Trade.com offers negative balance protection for all three jurisdictions, while not offering investor compensation for global traders under the FSC of Mauritius license. The compensation covers up to 20,000 Euro for accounts under the CySEC and 85,000 GBP for UK clients. Trading products offered are also different for each regulator and are set out as follows:

• CySEC (EU) - CFD, DMA, ETFs, IPO, Asset Management
• FCA (UK) - CFD, DMA, Spread Bets
• FSC (Global) - CFDs

The broker keeps client funds for all jurisdictions it operates under in segregated accounts. 

Account types at Trade.com fall under Mini, Plus, Pro, and ECN Pro accounts. They differ in the minimum deposit required and spread and commission structures. Let’s examine what each of these accounts has to offer

• Mini - spread for EUR/USD from 1.4 pips, 0 commissions for Forex - min. deposit $10
• Plus - EUR/USD from 1 pip - 0 commission for Forex, - min. deposit $5,000
• Pro - EUR/USD from 0.8 pips - 0 commissions on Forex - min. deposit $50,000
• ECN Pro - EUR/USD from 0.1 pips - commission on FX & Metals $0.04 per unit - min. deposit $100,000

Premium customer support is available for Pro and ECN Pro accounts. The premium daily analysis is available for all account types except the Mini. The ultimate ECN Pro account can be acquired only by request and offers the lowest spreads possible, this account seems the best suited for scalpers, while all other account types offer relatively large spreads for quick short-term profits, making scalping a bad strategy as spreads are going to eat up most of the profits. 

Comparing Trade.com fees with other brokers

Trade.com fees compared to Interactive Brokers fees

*Inactivity fee was eliminated by IB in 2021, it used to be $20/m

Trade.com fees compared to CM Trading fees

Trade.com fees compared to plus500 fees

Trade.com fees compared to XM fees

Trade.com fees compared to AvaTrade fees

Trade.com fees compared to Capital.com fees

The trading platforms offered are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are the most-popular advanced trading platforms on the market today. These platforms offer the maximum advantage to traders when it comes to technical analysis. With inbuilt indicators and the ability to install custom indicators and use Expert Advisors (EAs), it is possible to conduct a comprehensive analysis and trade automatically.

Trade.com also offers free indicators to their clients. An economic calendar, Trading Central, TradingView charts, and various CFD expiration tools are among the few resources offered by Trade.com. Trading Central is free for Trade.com clients and offers the unique advantage of getting cutting-edge investment research from financial market professionals. Educational materials are not available, as Trade.com targets traders with medium-level experience. Since there are a few valuable tools available for free, it somewhat makes up for the lack of educational material. 

When it comes to customer support, Trade.com excels with a multilingual website and live chat. There are several forms of support including email, phone, and online forms to leave a message. Except for the 24/5 live chat, there is also WhatsApp messenger available for those looking to connect with this broker quickly. 

Trade.com is a Forex broker offering over 2,100 trading instruments in multiple asset classes, including Forex, cryptocurrencies, share CFDs, indices, and commodities. The broker is regulated by three independent regulatory authorities, including the Financial Conduct Authority of the UK, the Cyprus Securities and Exchange Commission, and the Financial Services Commission of Mauritius. Trade.com offers four account types, including Mini, Plus, Pro, and ECN Pro accounts. The minimum deposit requirement ranges from $10 to $100,000. The broker offers negative balance protection, keeps funds in segregated bank accounts, and is a member of the Compensation Fund. Trade.com's fees and commissions are competitive with other brokers, and the broker charges no fees on deposits and withdrawals.