Trade.com Review - Is It A Scam?
Here at Mr Binary Option, we have been venturing into the Forex field lately to test the waters with various brokers. If you are someone who is used to trading Binary Options, then Forex will be right up your street! Unlike Binary Options, there are various differences including things like margin. The margin is set by the broker and allows you to expand your investment capital – this in turns allows larger capacity for trading.
So, with that in mind, let’s take a look at TRADE.com, one of the largest brokers on the scene today. How do they compare to other brokers and are they legitimate? Read on to find out.
Trade.com Platform and Accounts
TRADE.com is a financial service company dealing with over 2000 CFD instruments that exist in the global financial market. These instruments include commodities, indices, bonds, ETFS, Forex, and Stocks. Additionally, TRADE.com offers three different account types.
The accounts are classified as Classic, Gold and Platinum. All the three account types have similar features. For example, the daily analysis, dedicated account manager, webinars, 24 hours customer service, desktop trading and video tutorials are offered by all the accounts.
Trading Central, Premium Daily Analysis is the exclusive offer from the Gold and Platinum accounts. Additionally, Platinum account users get premium customer support as well.
Trade.com Is it legitimate or is it a scam?
TRADE.com is regulated by Cyprus Securities and Exchange Commission. It is a modern and clean portal that is equipped with high profile features.
Now what makes this website platform stand ahead of its competitors is that the daily market updates equip you with the appropriate knowledge to trade with ease.
As mentioned earlier, a demo account is offered by TRADE.com. The demo account allows trading with practice funds. This gives a fair chance to the user to experience the look and feel of the trading platform without the need to put any funds on the line.
Our Verdict: TRADE.com IS NOT a scam!
Trade.com offers the most authentic education tools to increase your knowledge regarding this platform. It offers beginner course that gives an introduction to financial instruments and Forex trading. Comprehensive tutorials related to MT4 are also available. These tutorials discuss the basics and technical aspects related to platforms and trading techniques on TRADE.com.
The education center also gives insight about the best trading tools. You can get access to the Forex e-book that offers insight about the Forex market. This platform gives access to the economic calendar as well.
Additionally, TRADE.com Trade.com offers the Trading Central tool as well. The Trading Central is one of the most reputed market research providers that gives adequate assistance to the financial market professionals. It also offers technical analysis regarding the appropriate trading opportunities available. Winning methodologies and time-tested indicators are one of the key offerings of the Trading Central.
You have the option to use two different platforms when using TRADE.com. The available options are MetaTrader 4 and WebTrader. The advantage of using Trade.com with WebTrader is that online access is available from simply anywhere. The interface is also quite simple and offers advanced charting.
An exciting feature about TRADE.com is the rollover option. However, this scenario is only applicable to the overnight trades. Deductions are made on the respective positions and interest may also be paid in this situation. When the rate of the buying currency is higher than that of the sold currency, then in this situation you get interest.
However, when the rate of the buying currency is lower than that of the sold currency, then in this situation you have to pay out. The money that you have to pay is deducted from your account. The platform offers CFD expirations dates as well related to the different assets available.
TRADE.com gives this unique opportunity to traders to diversify their portfolio on the global bonds market to take in Forex currency pairs, stock CFDs, ETFs, metals & energy, and global indices.
A leverage of up to 1:300 is available depending on your experience and according to the instrument allowance, and there is no commission or fee. You can trade using the floating spreads or fixed spreads as well.
Signing up with TRADE.com is quite a simple process.
You need to visit the sign-up option on the website. You have two options available. The access to both the demo and the live account is available. For both the real and practice accounts, you will have to enter your credentials and create your account.
The Genius Behind Trade.com
TRADE.com is actually the brand name of a financial service provider called Lead Capital Markets. The company has well-defined policies to secure the funds of all traders. The funds of the traders are kept in Tier 1 Banks and are segregated from the funds of the company.
To win the trust of the traders, TRADE.com offers a compensation plan as well to secure the investments against any company liquidation. The company has competent team members, and one such example is Bill Hubard. He is the genius behind this platform. He is the chief economist at TRADE.com. The reason TRADE.com is able to stay ahead of the markets is the in-depth analysis by Hubard.
He also offers articles and videos related to the trending assets. He personifies the authenticity of TRADE.com.
Support Options and Awards
The customer support is offered through phone, chat or email. This ensures that all your questions are answered promptly, and you have no apprehensions about trading with TRADE.com.
TRADE.com has gift offers for traders. You are eligible for the gift when you register with the platform and meet certain criteria laid out in Awards Policy. The profits generated from the gift can be withdrawn immediately once received. The introductory gift is worth $25.
TRADE.com is one of the popular choices when you want to trade a variety of assets. It gives you a complete walkthrough of the intricacies of trading. It is also available through Mobile App on iOS and Android.
If you develop an in-depth insight of the platform, then it is quite easy for you to trade daily opportunities. The best part is that this platform is perfect both for novice and professional traders as well.
This is why you can opt for this platform confidently without any hesitance whatsoever. Do not miss out on this opportunity.