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TRADE3 min read
Broker Review
«TRADE» is one of the most prominent representatives of the CFD trading industry. He created a name and a strong reputation for honesty, excellent offer and product. Founded in 2009, «TRADE» provides its services from a head office located in Nicosia, Cyprus. A free set of trading platforms is provided for free, including MT4, MT5 and their own «TRADE» web application. Simple direct access to the market and direct processing on large exchanges and in liquidity pools means quick execution and low commissions.
Platforms
85
Usability
68
Assets
90
Users rating9 Votes
69
Pros Broker
Good market reputation
Segregates client funds
Customer support to 25 locations
Reliable and advanced trading platforms
Cons Broker
Limited bonuses or promotions
Non-existent ECN system
Limited range of instruments
A lack of information regarding CFD trading
76
Overall Broker Rating
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Review of the company

«TRADE» is a Forex and CFD broker that provides trading solutions for global clientele. «TRADE.com» is operated by Trade Capital Markets (TCM) Ltd (ex. Leadcapital Markets Limited), an investment company authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). It is also in compliance with the Financial Instrument Markets Directive (MiFID) and is registered with licensing authorities throughout the EEA. The broker has over 100,000 active investors and continues to grow.

Trading Accounts

«TRADE» has three trading accounts. The minimum deposit for a Classic account is $100, for a standard account $2,500 and for a premium account a deposit of at least $10,000 is required. Traders who open any of these accounts receive many benefits, such as personalized training, an exclusive educational package, and multilingual customer support. In addition, owners of standard and premium accounts receive SMS signals and premium market analysis. The premium account also offers exclusive support.

Trading Platforms

Trading platforms the choice of two platforms accessible from desk and mobile devices offers clients essential analysis aligned with leading-edge trading tools:

  • Desktop version of MetaTrader. Classic terminal with advanced functionality. It works without failures, transactions are opened instantly. Requires installation. The platform integrates indicators, drawing tools, advisers. Transactions open in less than 1 second. It is possible to install additional analysis programs;
  • WebTrader. Based on the IBKR program, the interface is simple, there are no asset restrictions. Indicators are included in the platform, but in a limited number, transactions are opened in 1-2 seconds.

The broker did not provide a mobile version. However, WebTrader opens in browsers of smartphones and tablets. The site is lightweight, so it does not load the operating system gadget’s and allows you to test the platform with a free demo account.

Terms of Trade

As we have already found out, customer support of this broker can be very useful. We did not hear about cases when users did not receive any answer about specific problems that would remain unresolved due to support staff ignoring them. The more you learn this broker, the more you will like it. The public opinion about «TRADE» is that it is safe and fairly profitable to trade with this broker. They keep their spotless reputation by providing clients with confidential treatment and valuable tools.

Commission and Spreads

The spreads offered by «TRADE» have been fixed at a minimum of 3 pips for currency pairs that are traded frequently. So traders that trade mostly EUR/USD, for instance, are given a 3 pip spread. However, traders can also qualify for a spread reduction if they trade at least 25 lots a month. The maximum leverage is 1:300, which is the average.

Customer Service

Customer Support is available 24 hours a day starting from Sunday 22:00 GMT and right up until Friday 22:00 GMT. Getting in touch with «TRADE» customer support is easy and can be achieved by various means i.e. email, live chat or a telephone call. Telephone callers can call support in their native language. The company supports 25 languages from 25 different countries.

Payment Systems

Clients have a wide variety of deposit and withdrawal options. «TRADE» top-up methods include credit cards, bank transfers, paypal and other online payment programs. The minimum amount for opening a «TRADE» account is 100 US dollars, and no deposit fee is charged. Withdrawals can be made using the same methods. Deposits made by the clients are also highly safe.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.