Abstract:Trading.com is a CFD trading broker that was launched in July 2019, and currently, it only provides services to residents of the United Kingdom. Trading.com is operated by Trading Point of Financial Instruments UK Limited, and this company is authorized and regulated by the Financial Conduct Authority (FCA) in the U.K. (FCA705428).
General Information& Regulation
Trading.com is a CFD trading broker that was launched in July 2019, and currently, it only provides services to residents of the United Kingdom. Trading.com is operated by Trading Point of Financial Instruments UK Limited, and this company is authorized and regulated by the Financial Conduct Authority (FCA) in the U.K. (FCA705428).
Market Instruments
Trading.com offer Forex (50+ Forex pairs including EURUSD, USDJPY and GBPUSD), CFDs on Stocks (1,000+ global companies including tech giants Apple, Amazon, Facebook and Google), Equity Indices, Commodities (CFDs on Agricultural Commodities including popular markets like Coffee and Sugar), Metals, Energies (Energies like Oil and Gas by trading active markets including WTI, Brent and Natural Gas).
Minimum Deposit
Trading.com offers two accounts type – the Ultra-Low Standard, which uses 100,000 units of the base currency as a standard lot, and the Ultra-Low Micro, which uses just 1,000 units of the base currency as the standard lot. The minimum deposit for starting an accounts is $5, sounds reasonable for new traders to get started.
Trading.com Leverage
For retail investors, maximum leverage is up to 30:1, which is the greatest allowed by the ESMA regulations. Of course if traders can prove that theyre a professional trader they can get greater leverage.
Spreads & Fees
Spreads as low as 0.6 pips for the EUR/USD pair, and we can confirm this is the spread on that pair on the demo platform, which is supposed to have the same price feed as the live account. Spreads are variable, but seem fair across all the assets being offered by Trading.com. There are no commissions to consider, and the only other fees is an inactivity fee for accounts that have been dormant for 90 days and a fee for those who would like to use VPS. The inactivity fee is $5 or the balance in the account if it is less than $5. If the account balance is $0 there is no inactivity fee charged. The VPS fee is $28 a month, unless the client has a balance above $5,000 and trades a minimum of 5 round turn lots per month, in which case the VPS is free.
Trading Platform
Trading.com offers a classical trading solution – the MetaTrader5 platform. MT5 is a highly reliable and user friendly platform, featuring over 50 integrated, market indicators, as well as trading robots, which will allow you to run algorithmic trading sessions. On top of that the platform is equipped with an excellent set of advanced charting tools.
VPS
A virtual private server (VPS) allows traders to run their trading platform remotely on a server 24/7 without needing the computer switched on. These are frequently used by traders who need to run automated trading systems around the clock. Clients who maintain a minimum amount of (Equity-Balance) $5,000 or equivalent in other currency are eligible to request a free VPS from the Members Area at any given time on the condition they trade at least 5 round turn lots per month. Clients who do not meet the above criteria can still request a VPS from the Members Area for a monthly fee of $28, which will be automatically deducted from their account on the first day of each calendar month.
Deposit & Withdrawal
Deposits can be made via bank transfer, credit/debit card, and a number of electronic wallet options. There are no fees for deposits at Trading.com, and clients can deposit in any currency and it will be converted to the base currency of the account at the prevailing interbank rates. With the exception of bank transfers, which can take up to 5 business days, all deposits are credited immediately. Withdrawals can be made via bank transfer, credit/debit card, and a number of electronic wallet options. There are no fees for withdrawals at Trading.com, and Trading.com will cover any fees imposed by the bank/credit card/electronic wallet, as long as the withdrawal exceeds $200. Withdrawals are processed by the back office within 24 hours and are credited to electronic wallets within 24 hours. Withdrawals by bank transfer or credit card can take from 2-5 days to be credited to tradersaccount.
Trading Hours
Trading.com trading hours are between Sunday 22:05 GMT and Friday 21:50 GMT. When their dealing desk is closed, the trading platform does not execute trades and its features are only available for viewing.