Regulated

Score

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/10

TRADE.COM

Cyprus

|

10-15 years

Investment Advisory License|

Common Financial Service License|

Suspicious Overrun|

High potential risk|

https://www.trade.com/en/

Website

Rating Index
Influence

Influence

B

Influence Index NO.1

Spain 4.60

Better than 99.67% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

Influence
B

Licenses

CYSEC

CYSECRegulated

Investment Advisory License

FCA

FCARegulated

Investment Advisory License

FSCA

FSCAExceeded

Common Financial Service License

Exchange Info

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Company Name
TRADE.COM
Phone of the company
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Customer Service Email Address
support@trade.com

WikiBit Risk Alerts

2
Previous Detection 2024-03-02

The number of this Exchange's nagitive field survey reviews has reached 1, please be aware of the risk and the potential scam!

Common Financial Service License goes beyond their business with the licenses South Africa FSCA (license number: 47857), please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

Github

Related Docs

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Influence

Yesterday Vol

7 Days

By company

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User Reviews

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4 ratings

Participate in evaluation
Đỗ Văn Thành
Trade.com's absurd high transaction fees cut deeply into profits! User interface dismal, highly impractical!
2024-02-08 02:06
8
0
Jenny8248
I can't really quarantee anyone on it, they needs to improve more.
2023-11-02 21:24
5
0
Shen
I really can't accept the transaction fees of TRADE.COM. The fees are too high, so I might as well go to other trading platforms to trade. Customer service also needs to be improved. Feedback questions always take a long time without response!
2023-09-14 14:37
9
0
snazii
Trade.com is an online trading platform that provides access to various financial markets, allowing users to trade CFDs (Contracts for Difference) on a range of assets, including forex, stocks, commodities, indices, and cryptocurrencies.
2023-11-25 12:35
2
0

TRADE.COM · Company Summary

Aspect Information
Company Name TRADE.COM
Registered Country/Area United Kingdom
Founded year 2018
Regulatory Authority Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA),
Cryptocurrencies offered/available Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), Dash (DASH), Monero (XMR)
Maximum Leverage 1:500
Trading Platforms MetaTrader 4, WebTrader
Deposit & Withdrawal Multiple options available including bank transfer, credit/debit card, Skrill, Neteller, and more
Educational Resources Extensive educational resources including video tutorials, ebooks, webinars, and market analysis
Customer Support 24/5 customer support via email, phone, and live chat

Overview of TRADE.COM

TRADE.COM is a virtual currency exchange platform that was founded in 2018. It is registered in the United Kingdom and is regulated by the Cyprus Securities and Exchange Commission (CySEC). The platform offers a wide range of cryptocurrencies for trading, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), Dash (DASH), and Monero (XMR). With a maximum leverage of 1:500, traders have the opportunity to maximize their potential returns.

Overall, TRADE.COM provides a reliable and comprehensive virtual currency exchange platform with a strong regulatory framework and a wide range of features to support traders in their virtual currency trading journey.

Overview of TRADE.COM

What is TRADE.COM?

TRADE.COM is a virtual currency exchange that offers a range of features to support traders in their virtual currency trading. It is a regulated exchange, registered in the United Kingdom and overseen by the Cyprus Securities and Exchange Commission (CySEC). The platform provides a user-friendly experience with its MetaTrader 4 and WebTrader trading platforms, which offer advanced charting and analysis tools.

One notable feature of TRADE.COM is its extensive selection of cryptocurrencies available for trading, such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), Dash (DASH), and Monero (XMR). Another key feature of TRADE.COM is its maximum leverage of 1:500. This high leverage enables traders to potentially maximize their returns, although it also carries a higher level of risk.

Additionally, TRADE.COM supports multiple deposit and withdrawal options, making it convenient for users to fund their accounts and withdraw their earnings. Options include bank transfers, credit/debit cards, Skrill, Neteller, and more. This flexibility allows users to choose the most suitable payment method for their needs.

Pros and cons

Pros:

1. Regulated Platform: TRADE.COM is registered in the United Kingdom and regulated by the Cyprus Securities and Exchange Commission (CySEC). This provides users with a level of security and confidence in their trading activities.

2. Wide Range of Cryptocurrencies: TRADE.COM offers a diverse selection of cryptocurrencies for trading, including popular options such as Bitcoin, Ethereum, Ripple, and more. This allows users to access various markets and diversify their portfolios.

3. User-Friendly Trading Platforms: The MetaTrader 4 and WebTrader platforms offered by TRADE.COM provide a user-friendly experience with advanced charting and analysis tools. This enables users to effectively track and analyze market trends and make informed trading decisions.

Cons:

1. High Leverage: While TRADE.COM offers a maximum leverage of 1:500, this feature can be risky for inexperienced traders. High leverage magnifies both profits and losses, and traders should exercise caution and thoroughly understand the risks involved before using this feature.

2. High spreads: Trade.com charges high on spreads, which places traders at a disadvantage when compared with other online traders. For an analysis of some spreads, see the information above, and verify on the companys website, as spreads might change.

Overall, TRADE.COM provides a regulated platform with a wide range of cryptocurrencies and user-friendly trading platforms. However, traders should be aware of the potential risks associated with high leverage and the limited availability of customer support.

Pros Cons
Regulated Platform High Leverage
Wide Range of Cryptocurrencies High Spreads
User-Friendly Trading Platforms

Regulatory Authority

The regulatory situation of TRADE.COM involves two regulatory agencies. The first agency is the Cyprus Securities and Exchange Commission (CYSEC), which regulates the platform under the Regulation Number 227/14. It is classified as a regulated platform with an Investment Advisory License held by Trade Capital Markets (TCM) Ltd.

The second agency is the Financial Conduct Authority (FCA), which regulates TRADE.COM under the Regulation Number 738538. Similar to CYSEC, it is also classified as a regulated platform with an Investment Advisory License held by LiveMarkets Ltd.

It is noted that Common Financial Service License(FSCA) goes beyond their business with the licenses South Africa FSCA (Regulation Number : 47857), please be aware of the risk.

Regulatory Authority
Regulatory Authority

Security

TRADE.COM is regulated by financial institutions such as CYSEC in Cyprus, FCA in the United Kingdom. However, it also has regulatory statuses that include being under supervision and having potential clone/fraudulent activities.

Trading assets

TRADE.COM offers an impeccable selection of assets to trade, which amount to more than 2,100 options across several categories. Lets take a closer look at its tradeable assets by type.

Forex TRADE.COMoffers over 55 currency pairs in the forex market, including major, minor, and exotic pairs. Forex trading is available both on its WebTrader platform and on MT4, and is available 24 hours, 5 days a week. TRADE.COM also offers a 30:1 leverage for major currency pairs and 20: leverage for non-major pairs.

Crypto Cypto trading is available with TRADE.COM on the WebTrader platform, on the web, and on mobile devices on the TRADE.COM mobile app. There is no commission for trading crypto and leverage is up to 1:2. CFDs on cryptocurrencies expire after 7 days, and trades that remain open are automatically closed at any available price.

Stocks TRADE.COM offers stocks CFD trading at an up to 1:5 leverage. According to its website, there are over 2000 company stocks available to trade on, with a variety of stock CFS, also available 24/5. Stocks include big names such as Amazon (spread: 0.64 USD), Apple (spread: 0.02 USD), Facebook (spread: 0.04 USD), Deutsche Bank (spread: 0.00 EUR), Google (spread: 0.73 USD), Barclays (spread: 0.08 PNC), Netflix (spread: 0.19 USD), Vodafone (spread: 0.06 PNC), and more.

Indices TRADE.COM covers the major 26 global indices on its platform. For major indices, leverage is up to 20:1, while for other indices it can reach 10:1. Trading on indices is available both on the WebTrader and the MT4 platform.

ETFs Finally, TRADE.COM offers the option to trade leveraged ETFs (Exchange-Traded Funds, on its WebTrader platform across Web and mobile. Leverage is up to 1:5. ETFs are bundles of securities traded on stock exchanges, and can include any asset class. Popular ETFs focus on commodities (e.g. gold or silver), financial markets, specific industries etc. TRADE.COM offers popular ETFs including ACWI, AGQ, ChinaCSI300, FXE, MSCIMexico, SDOW and many more.

Trading assets

How to open an account?

The specifics of the registration process include three basic steps, which are register, fund and trade.

  • Register: This is the initial step where you create an account with TRADE.COM. You will likely need to provide your personal information, including your email address or linking to Facebook or Google accounts. You may also need to create a username and password for logging into your account.

  • Fund: Once your registration is complete and your account is verified, you will need to deposit funds into your trading account. This step involves transferring money from your bank account or other funding sources to your TRADE.COM account.

  • Trade: After your account is funded, you can access the trading platform provided by TRADE.COM. This platform will enable you to trade various financial instruments.

  • open an account

    Fees

    Spreads vary between the different types of accounts. For example, the spread for Gold goes from 0.7 on a Micro account and 0.56 on a Gold account, to 0.4 on an Exclusive account. Similarly, the EUR/USD spread varies between 3 on a Micro account to just 1 on the Exclusive account.

    TRADE.COM charges high on spreads, which places traders at a disadvantage when compared with other online traders. For an analysis of some spreads, see the information above, and verify on the companys website, as spreads might change.

    TRADE.COM charges overnight charges on positions that remain open overnight. It also charges conversion fees when your account and the asset being traded are in different currencies. Some traders might be surprised to find that TRADE.COM also charges an inactivity fee when accounts remain idle for more than 90 days. However, there are no deposit or withdrawal fees.

    Deposit & Withdrawal

    TRADE.COM does not charge fees for deposits. It offers the following deposit options:

    • Credit cards/debit cards through several providers

    • Fast bank transfer

    • Skrill

    • Neteller

    TRADE.COM does not charge fees for withdrawals. The options offered are the same as the ones for deposits.

    Deposit & Withdrawal

    Educational Resources

    TRADE.COM offers a range of educational resources and tools to support traders in enhancing their knowledge and skills. These resources include trading guides, video tutorials, webinars, and market analysis. Through these materials, users can access valuable information about trading strategies, market trends, and analysis techniques, enabling them to make more informed trading decisions.

    Customer Support

    The provided information states that TRADE.COM offers 24/5 customer support, which indicates that customer support is available for 24 hours on weekdays. The specific hours and availability on weekends are not mentioned. Users can reach out to the customer support team through email, phone, and live chat. However, further details about the supported languages and other aspects of the customer support service are not provided. For accurate and comprehensive information, it is recommended to refer to the official website of TRADE.COM or contact their customer support directly.

    Is TRADE.COM a Good Exchange for You?

    Based on the information provided, it is difficult to determine the specific trading groups that would be suitable for TRADE.COM. However, considering the platform's regulated status, wide range of cryptocurrencies, and user-friendly trading platforms, it could potentially appeal to traders of various experience levels.

    For experienced traders, the availability of a regulated platform can provide a sense of security and confidence in their trading activities. The wide range of cryptocurrencies offered by TRADE.COM also allows experienced traders to access different markets and diversify their portfolios.

    For beginners, the user-friendly trading platforms provided by TRADE.COM, such as MetaTrader 4 and WebTrader, can be beneficial. These platforms offer advanced charting and analysis tools that can help beginners track and analyze market trends. The educational resources and tools offered by TRADE.COM, such as trading guides, video tutorials, and webinars, can also be valuable for beginners who are looking to enhance their knowledge and skills in cryptocurrency trading.

    Conclusion

    In conclusion, TRADE.COM is a cryptocurrency exchange that offers a regulated platform and a wide range of cryptocurrencies for trading. The platform provides user-friendly trading platforms and advanced tools for both beginners and experienced traders. However, it should be noted that specific details about security measures, registration process, fees, and user satisfaction are not provided in the given information. It is recommended to visit TRADE.COM's official website and gather more information from reliable sources to evaluate the advantages and disadvantages of the platform in a comprehensive manner.

    FAQs

    Q: What cryptocurrencies are available for trading on TRADE.COM?

    A: TRADE.COM offers a wide range of cryptocurrencies for trading, including popular options such as Bitcoin, Ethereum, and Litecoin.

    Q: How can I register an account on TRADE.COM?

    A: To register an account on TRADE.COM, you can visit their official website and follow the registration process outlined on the platform.

    Q: What educational resources and tools are available on TRADE.COM?

    A: TRADE.COM offers a range of educational resources and tools, including trading guides, video tutorials, webinars, and market analysis. These resources provide valuable information about trading strategies, market trends, and analysis techniques, supporting traders in making informed decisions.

    Q: Who can benefit from using TRADE.COM?

    A: TRADE.COM can potentially appeal to traders of various experience levels due to its regulated status, wide range of cryptocurrencies, and user-friendly trading platforms. Both beginners and experienced traders can find value in the platform's educational resources, advanced tools, and diverse cryptocurrency options.

    User Review

    User 1:

    “TRADE.COM is my go-to crypto exchange! Security is top-notch - I sleep easy knowing my assets are well-protected. The user-friendly interface makes trading a breeze, even for beginners like me. They offer a bunch of cryptos, but I wish they had more variety. Customer support is a lifesaver - quick and helpful. Trading fees are reasonable. Privacy could be better, though. Deposit and withdrawal speeds are okay, not lightning-fast. Overall, a solid exchange for hassle-free trading!”

    User 2:

    “TRADE.COM is a mixed bag for me. I appreciate their focus on security - it's comforting to see. But, I'm concerned about regulation, not as clear-cut as I'd like. The interface is sleek and easy to navigate, big thumbs up there. Liquidity sometimes lacks, especially during high-demand times. They cover major cryptocurrencies, but could add more altcoins. Customer support is hit or miss, sadly. Trading fees are somewhat steep. Privacy and data protection could use more attention. Deposit and withdrawal speeds need improvement. Order types are good, but exchange stability has room for enhancement. Decent, but not my top choice.”

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.