TRADE.COM-Overview of Minimum Deposit, Spreads & Leverage

TRADE.COM Information

TRADE.COM is a Cyprus-based broker founded in 1999, regulated by CySEC. It offers access to over 2,100 instruments and multiple account types suited to different experience levels. Although regulated, the broker is associated with clone license claims in the UK and South Africa, requiring users to verify entity details carefully.

Pros and Cons

Is TRADE.COM Legit?

TRADE.COM is partially legitimate. It is regulated by CySEC (Cyprus) under Trade Capital Markets (TCM) Ltd, with license number 227/14.

However, it is also linked to suspicious clone licenses in the UK (FCA) and South Africa (FSCA). These clones use similar names but have different entities or websites, indicating they are fake licenses meant to mislead users. Always verify the brokers domain and legal entity with the official regulator.

What Can I Trade on TRADE.COM?

TRADE.COM offers over 2,100 instruments, including forex, indices, commodities, stocks, ETFs, and cryptocurrencies, allowing traders to access major global markets. The platform supports over 30 ETFs and multiple major currency pairs and indices.

Account Types

TRADE.COM offers four types of live trading accounts: Silver, Gold, Platinum, and Exclusive, each designed for different levels of trader experience and investment size. The broker also provides both a demo account for practice and an Islamic account for clients who require swap-free trading.

Leverage

TRADE.COM offers leverage of up to 1:300, depending on the instrument and account type. Leverage allows traders to control larger positions with smaller capital, amplifying both potential profits and losses.

TRADE.COM Fees

Compared to industry norms, TRADE.COM's fees are reasonable. Depending on account type, trading fees change; higher-tier accounts have tighter spreads and cheaper commissions. For instance, share commissions vary from 0.20% to 0.08% and EUR/USD spreads run from 1.9 pips (Silver) to 0.8 pips (Exclusive). The platform provides swap-free Islamic accounts upon request but charges regular overnight swap fees on open positions.

Non-Trading Fees

Trading Platform

TRADE.COM supports both a proprietary WebTrader and the advanced MetaTrader 5 platform, but does not support MT4 or cTrader.

Deposit and Withdrawal

IronTrade does not explicitly charge any deposit or withdrawal fees, but the processing time and possible third-party charges depend on the payment method used. The minimum deposit amount is $10.

Deposit & Withdrawal Methods