Inside Forex Brokers (IFB)
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.
