Trade.com cryptocurrency broker is a popular online exchange where traders and investors can buy and sell many different commodities with just a few clicks of the mouse. Trade.com has many different assets that users can choose from for trading. It also has several different trading platforms and account types. If you have been searching for a good online crypto exchange, then Trade.com could be perfect for you. Here is a closer look at Trade.com and all of its features to help you decide if this exchange is right for you.
- Trade.com is a popular online exchange
- Trade.com offers cryptocurrency trading
- There are several different account types on Trade.com
- There are multiple trading platforms on Trade.com
- 1. Crypto Trading Offer: There is no shortage of trading options on Trade.com
- 2. Crypto Trading Costs: Trade.com has Reasonable Trading Fees
- 3. Accounts: There are Many Different Account Options on Trade.com
- 4. Crypto Trading Platforms & Mobile Trading: Trade.com Offers Two Trading Platforms
- 5. Usability of the Website: Trade.com is very Easy to Use
- 6. Customer Support: Trade.com has Good Customer Suppot
- 7. Methods of Payment: There are Several Payment Methods Accepted on Trade.com
- 8. Additional Offers: Trade.com has a Variety of Useful Materials
- 9. Regulation & Deposit Protection: Secure and Fair
- 10. Awards: Trade.com Does not Advertise That it has Won Awards
- 11. Conclusion: How Does Trade.com Add up?
Trader Rating Total
Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash
MT4, Broker-owned Software
Yes, available for 30 days
1.) Crypto Trading Offer: There is no shortage of trading options on Trade.com
Trade.com bitcoin trading offers seven different asset classes for trading. These asset classes are: bonds, stocks, cryptos, ETFs, commodities, indices, and Forex. So whether your prefer cryptos or stocks, there is sure to be an asset that interests you on trading. Trade.com offers CFD trading. There are six cryptocurrencies available to trade on Trade.com these are Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ethereum Classic, and Dash.
So, essentially Trade.com bitcoin trading offers most of the top cryptocurrencies by market cap and fame level. Obviously Bitcoin is the largest and the most famous. The others that Trade.com offers are also well known. This exchange offers 4 different account types, basic, classic, gold, and platinum. So, in addition to having variety with your investment choices, you will also have a good variety of account types if you choose to use Trade.com for your investing and trading. Trade.com bitcoin trading also offers over 25 different indices. These indices come from many different countries including Japan, Australia, and Poland.
- There are six different cryptocurrencies that can be bought and sold on Trade.com
- These cryptocurrencies are Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, and Ethereum Classic.
- There are over 25 indices that can be bought and sold on Trade.com
2.) Crypto Trading Costs: Trade.com has Reasonable Trading Fees
Many people ask, “is Trade.com legit?” Well, Trade.com does not charge commissions for crypto trading. However, it does charge fees based on the spread. The spread is the difference between the buy price and the sell price. Unlike many other brokers, Trade.com allows you to trade long and short on cryptocurrencies. So, this means that you have the ability to bet against a specific cryptocurrency if you believe that its price is going to drop. This gives you more options for cryptocurrency trading.
Betting against cryptocurrencies can be very lucrative at times because cryptos often go through dramatic price falls. If your account is inactive for 60 days, Trade.com will charge you a $10 fee. If your account is inactive for a year, you will be charged a $100 fee. Leverage for cryptocurrency trading on Trade.com is 1:2. Trade.com crypto advertises that it has “tight spreads.” Spread prices are as low as 2.2 pips. Fixed spread prices are 3.0 pips.
- Trade.com does not charge standard commissions
- You can bet against cryptocurrencies with shorts on Trade.com
- You will be charged account inactivity fees if you do not use your account for more than 60 days
3.) Accounts: There are Many Different Account Options on Trade.com
This Trade.com crypto review can help you understand the different account types on Trade.com. There are four account types on Trade.com: Basic, Classic, Gold, and Platinum. The Basic and Gold accounts are primarily for people who are new to trading, or who only want to deposit a small amount of money onto their trading accounts. The Gold and Platinum accounts are for more advanced traders, and for people who want to deposit larger amounts of money onto their trading accounts.
Each type of account has a minimum deposit amount. For Basic, this amount is $100, for Classic, it is $2,500, for Gold, it is $10,000, and for Platinum, it is $50,000. Every account offers a daily analysis and morning review. However, the more expensive accounts have more features. For example, for the Gold and Platinum accounts, you get premium daily analysis and customer support. Only the Platinum account offers premium customer support. All accounts also offer a detailed video tutorial which explains everything you need to know about the account. This is a very handy feature.
- The Trade.com cryptocurrency broker has four account types: Basic, Classic, Gold, and Platinum
- The more advanced accounts have more features
- Beginners should stick to the Basic and Classic accounts
4.) Crypto Trading Platforms & Mobile Trading: Trade.com Offers Two Trading Platforms
Traders and investors who use Trade.com crypto trading have two different platform options to choose from. A positive Trade.com crypto review will tell you that theseoptions are WebTrader and MetaTrader4. WebTrader is designed so that traders can make trades right from the website. This platform can be used both on desktops and on mobile devices. WebTrader has many different features. Some of these features include: over 2,100 assets available to trade, multichart display windows with independent functions, 24/5 customer support, style and chart settings including colour, timing, and price action display, and more. The WebTrader platform is an excellent option for daytraders and for long-term investors alike.
The MetaTrader4 option is also very good. If you are wondering, “is Trade.com cryptocurrency a good broker?” MetaTrader 4 is part of the reason why the answer is yes.Unlike the WebTrader option, the MetaTrader4 platform requires a download. This platform is also available for desktops and mobile devices. Some of the features for the MetaTrader4 platform are customization tools to engage specific strategies, 24/5 expert account managers, automated trading, embedded tick charts, and alerts on trading positions. So, this option is also very good. Whichever platform you use, you will most likely be very satisfied.
- WebTrader offers trading of over 2100 assets
- MT4 offers trading of EA’s which you can programme for automated trading
- These platforms are suitable for day traders or long-term investors.
5.) Usability of the Website: Trade.com is very Easy to Use
According to this Trade.com Crypto Trading Review, the Trade.com website is very clean and easy to use. If you conduct a broker comparison – crypto comparison, you will find that Trade.com compares very well to other sites in terms of usability. The menu at the top of the Trade.com site offers five tabs. These tabs are: Home, Accounts, Assets, Platforms, and Resources. By clicking on these tabs, you will find all of the key information that you need to know about using the site.
The legal information and terms of business are very easy to find. They are at the bottom of the homepage. Trade.com most uses black, white, and grey backgrounds. So, there is more of a serious feel to the website. This can help to make serious investors and traders feel at home. The top products are very easy to find because they are visibly advertised.
- The site is extremely easy to use and you are unlikely to get frustrated or confused when using it
- The menu offers five tabs which you can use to navigate the site
- The legal information and terms of business are very easy to find
6.) Customer Support: Trade.com has Good Customer Suppot
The question “is Trade.com a good broker?” is frequently asked. It does have excellent customer service. There are several different ways to contact customer support for Trade.com. First, you can email them at [email protected] Second, you can call them at +44 203 150 0204. Third, you can send mail to this address, Lead Capital Markets Ltd Strovolos, 128 – 130 Limassol Avenue, Office 301, 3rd floor, CY 2015, Nicosia, Cyprus. Calling them is the fastest way to have your issue dealt with. If you do not want to place an international call, Trade.com has offices in many different nations including France, Ukraine, Russia, Bulgaria, Slovenia, Romania, and many other countries. You can find the numbers for these offices on the Trade.com site.
The customer support line is open 24 hours a day, five days a week. If you have a question on the weekend, you can send an email or wait until Monday to have your issue dealt with. Processing time for phone enquiries is usually very quick. However, email and snail mail enquiries take longer, with snail mail taking the longest. Email enquiries usually take a few hours to a few days to be processed. It is important to read a review of Trade.com like this one, so you know about customer service, because it is very important in the trading world.
- Trade.com has three contact options: phone, email, and snail mail
- Phone support is available 24/5
- Phone enquiries are typically processed the fastest
7.) Methods of Payment: There are Several Payment Methods Accepted on Trade.com
If you would like to set up a Trade.com crypto account, then you will have several payment method options available to you. Trade.com accepts bank transfers, credit cards, debit cards, and online wallets. The online wallets that it supports are Skrill, Neteller, and Safeguard. There are no deposit and withdrawal fees on Trade.com
However, even though you can deposit money for free on the site, you will have to deposit the minimum amount for the account type that you choose. Otherwise, you will not be able to use the account to make trades. Because deposits and withdrawals are free, the cost will be the same no matter which payment method you choose. So, according to this Trade.com trading platform review, you should simply select the method that is the most convenient for you. Withdrawals typically take a few business days to process. So you should factor this in when you are thinking about making a withdrawal from your trading account.
- Trade.com offers many different payment method options
- You have to make the minimum deposit to start using a trading account
- Withdrawals take several days to process
8.) Additional Offers: Trade.com has a Variety of Useful Materials
Trade.com offers a number of other helpful tools and resources besides just trading platforms. For example, the site also offers market news, market outlooks, an economic calendar, an education center, trading central, and more. The education center offers many different materials which can help you to learn how to become a better trader. These materials include ebooks, trading tools, trading strategies, MT4 tutorials, beginner’s courses, and more.
So essentially, in addition to using Trade.com to buy your favorite commodities, cryptocurrencies, indices, and other assets, you can also use the site to learn more about trading, to get market information, to find great trading strategies, and to do other useful things. The fact that Trade.com offers so many different valuable things makes it a real asset for traders around the world. It is also a great place for beginners to start their trading journeys because the education center is really helpful.
- The Trade.com tools and materials go well beyond just trading platforms
- There is an education center on the site which is great for beginners
- You can get up-to-date market news on Trade.com which can help your trading decisions
9.) Regulation & Deposit Protection: Secure and Fair
As per this review, Trade.com is licensed and regulated by the Cyprus Securities and Exchange Commission, license number 227/14. People in many different countries can create accounts on Trade.com. However, Trade.com bars people in some nations from creating accounts on the site. For example, people in the USA, Canada, and Japan cannot create accounts on Trade.com and use the site to trade cryptocurrencies and other assets. This is primarily just due to incompatible financial laws in those countries.
Trade.com uses 128-bit technology to encrypt all trading activity data. This provides users with a very high level of security for their accounts. Trade.com is very secure. Minors are not allowed to make trades on Trade.com. Minors are barred from opening trading accounts in most countries. This is the reason why Trade.com does not let minors create accounts on the site. So, if you are a minor, then you will have to wait until you become of legal age to trade on Trade.com.
- Trade.com is licensed and regulated - The Cyprus Securities and Exchange Commission is the authority that regulates Trade.com
- Minors cannot make Trades on Trade.com
- People in the USA, Canada, and Japan cannot create accounts on Trade.com
10.) Awards: Trade.com Does not Advertise That it has Won Awards
Trade.com does not advertise that it has won any awards on its site. So, if it has won any significant awards, it is definitely not clear but looking at the site. If you were to conduct a comparison of the best crypto brokers, you would find that many other crypto brokers advertise that they have won awards. Such a crypto comparison may make you wonder why other brokers have won awards and why Trade.com has not.
Some would consider it unfair that Trade.com has not received some of the awards that other crypto brokers have won. This is because the Trade.com website is extremely intuitive and user-friendly, and the trading platforms for the site are very high quality. However, despite this fact, Trade.com crypto broker simply does not possess the prestigious awards that some other crypto brokers possess, and that can be a concern for some traders. The best way for you to ascertain the quality of Trade.com is to simply open an account and test it out for yourself.
- Trade.com does not make it clear that it has won any awards
- This does not mean that Trade.com is low quality
- You can assess the quality of Trade.com by opening a trading account and trying out the trading platforms.
Conclusion: How Does Trade.com Add up?
According to this review, Trade.com crypto broker is a high quality cryptocurrency trading website. It has multiple account options and multiple trading platforms. Which of these options is best for you depends on your individual situation and preferences. However, because there is so much flexibility, there is a very good chance that you will be able to find options that suit your needs very well.
Trade.com is fully licensed and regulated, and it uses advanced encryption. So if you have been wondering “is Trade.com legit?” the answer is yes. Trade.com is a great broker. However, if you are thinking about investing a significant amount of money, then it would behove you to at least read reviews of at least several other cryptocurrency brokers.
If you do decide to go with Trade.com, you will be able to easily buy and sell the top cryptocurrencies. You will also be able to short them if you believe that they are going to go down in value. This feature helps to make Trade.com unique because many competitor sites do not offer shorting for cryptos.
- reasonable fees
- many payment options
- six differenty cryptos
- telephone support
- clean design
- no live chat
- Americans and Canadians can't use it
- Minimum deposits are very high