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Trading.com Review

 

 

Trading.com is an online forex broker based in the United Kingdom which provides access to trading forex and CFDs on an advanced and popular trading platform.

Finding a reputable Trading.com review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth review of Trading.com to help you make an informed decision before opening your account or trading on their platform.

As such, Trading.com offers a trading environment that is suitable for a range of traders of all experience levels and trading strategies, with access to an impressive selection of 1200 tradable instruments in highly regulated and secure conditions.

Trading.com is a newcomer to the forex industry, having only been established in 2019 in the UK, where its headquarters are still located.

The broker has expanded quickly since its inception and already offers its services to traders in in Germany, Spain, Hungary, Italy, France, and several other jurisdictions.

Through expanding its product offering to bring clients even more ways to trade, and growing its team with dedicated individuals that share this vision, Trading.com is a promising new competitor which is already leading the market.

 

Awards and Recognition

Trading.com has not listed any awards on its website to date, which is not surprising considering the short period in which the broker has been in operation.

While awards are not the most important aspect of deciding whether to trade with a broker, they are indicative of the broker’s standing within the industry, and the recognition which its features and offering has received.

 

Trading.com Accounts

It is important for prospective traders to make an effective study of the various account types which a broker may offer, as often these accounts are designed to suit the specific needs of certain trader experience levels and strategies.

The forex industry is populated by a vast array of traders with various trading needs, which most brokers aim to meet through the provision of suitable accounts. These may include commission-free accounts, low spread accounts, and managed accounts.

On the other hand, some brokers will offer one standard account type which aims to target a certain group of clientele.

Traders should also seek out brokers who offer a free demo account, as this will allow them to conduct a test run of the broker’s features before deciding to sign up for a live trading account.

 

Trading.com Types of Accounts and Their Features

Trading.com offers one type of standard trading account, referred to as the Ultra-Low Account, creating a single basis from which users can access over 1 200 markets.

This account is available as either the Ultra-Low Standard or the Ultra Low Micro versions, which come with slightly different trading conditions.

The main difference between these two options is that the Standard version has 1 standard lot as 100,000 units of the base currency, while the Micro version has 1 micro lot as 1,000 units of the base currency.

The average spread for both these versions starts as low as 0.6 pips, with a maximum of 200 positions allowed.

The account also affords clients negative balance protection, so that their total losses will never exceed their initial investments, and the account also allows for hedging.

 

Deposits and Withdrawals

Trading.com supports a wide range of popular and efficient methods for both deposits and withdrawals, which include:

  • Bank Wire Transfer
  • Credit/Debit Cards
  • Multiple e-payment methods such as Neteller and Skrill

 

Many brokers provide a variety of deposit and withdrawal methods, including bank wire transfer, credit or debit card, and a number of popular e-wallets such as Neteller or Skrill.

These payment options are important in determining the potential effects they could have on the profitability of a trade, through additional bank costs, as well as the time it takes to make a withdrawal, as e-wallets are usually faster than bank wire transfers.

Many brokers do not charge additional withdrawal fees, while other brokers do, and the extent of this fee should be factored into the overall trading costs of using each broker’s platform.

Trading.com does not charge additional deposit or withdrawal fees, although charges from banking institutions may apply, which are beyond the broker’s control.

As with all brokers, the processing times for deposits and withdrawals will depend on the selected payment method.

Added to this, traders should note that third party deposits and withdrawals are prohibited and that withdrawals have to be made using the same method that was used to fund the respective trading account.

Lastly, Trading.com supports a wide range of deposit currencies, which include:

  • EUR
  • USD
  • CHF
  • AUD
  • PLN
  • HUF

 

A wide selection of deposit currencies is often preferable when trading forex, as having to withdraw from a currency other than your base currency can rack up fees that impact your profitability, typically through the payment of a conversion fee.

These conversion fees can occur both when trading and when withdrawing funds from your trading account.

 

Cost and Fees, Commissions and Spreads

Trading.com offers a competitive trading environment in terms of its fee structure, providing commission-free trading with tight spreads that start as low as 0.6 pips.

As already noted, the broker does not charge additional deposit or withdrawal fees, with an incredibly low minimum deposit requirement of just $5.

The broker does not appear to offer an Islamic account so that traders will likely incur charges on positions held open overnight.

Leverage

Trading.com offers a maximum leverage ratio of 1:30, which is to be expected from a broker which is regulated by a reputable body such as the Financial Conduct Authority (FCA) in the United Kingdom.

Most brokers, particularly those regulated in the European Economic Area and the United Kingdom, offer a maximum leverage of 1:30, or 1:50 in some cases.

This is due to the fact the European regulators recently made the decision to cap the maximum leverage which brokers operating within their jurisdiction could offer, due to the high risk associated with the mechanism.

While leverage can significantly increase the potential profitability of your initial investment, it can also increase the potential losses which you may incur, particularly when investing large sums of money.

 

Bonuses

Trading.com does not appear to offer any trading bonuses or other promotions and incentive schemes to new traders at this stage.

This, again, is most likely due to the fact that the broker is regulated by the FCA, which is among the regulatory bodies which chose to restrict brokers from offering incentive schemes to new clients.

Trading Platforms, Software and its Features

Trading.com offers its clients access to the renowned MetaTrader 5 for desktop, iPhone, and Android. While this might seem like a limited offering, MetaTrader 5 is undoubtedly one of the most popular trading platforms in the industry today.

MetaTrader 5 is an institutional multi-asset platform offering outstanding trading possibilities and technical analysis tools, as well as enabling the use of automated trading systems (trading robots) and copy trading.

MetaTrader 5 is an all-in-one platform for trading Forex, Stocks, and Futures.

MetaTrader 5 allows users to enjoy the freedom of movement to the full extent, as they can stay active while trading from smartphones and tablets.

The Web Platform provides even more possibilities and allows users to work from any web browser and any device.

Additional services expand the functionality of the platform making its capabilities almost limitless. MetaTrader 5 offers the built-in Market of trading robots, the Freelance database of strategy developers, Copy Trading and the Virtual Hosting service (Forex VPS).

The MetaTrader 5 trading system offers an advanced Market Depth feature (with a tick chart and Time and Sales information), a separate accounting of orders and trades, the support of all types of trading orders and execution modes.

Two order accounting modes are provided in the platform: the netting mode is adopted on exchange markets, while the hedging method can be used for Forex trading.

With the One-Click Trading function and the Market Depth option, users can buy and sell currency pairs, equities, and futures with just one click. The Stop Loss and Take Profit options are designed to help secure profits and minimize losses.

Markets, Products, and Instruments

As already noted, Trading.com provides access to an impressive range of over 1 200 financial instruments across the following popular asset classes:

  • Forex
  • Stocks
  • Commodities
  • Indices
  • Metals, and
  • Energies

 

 

Safety and Regulation

Trading.com provides a safe and secure trading environment through its regulation by the Financial Conduct Authority (FCA) in the UK, one of the most reputable regulatory bodies in the financial industry.

The Financial Conduct Authority is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry.

As such, The Financial Conduct Authority is the conduct regulator for 59,000 financial services firms and financial markets in the UK and the prudential supervisor for 49,000 firms, setting specific standards for 19,000 firms.

The FCA’s strategic objective is to ensure that the relevant markets function well and its operational objectives are to:

  • protect consumers – the organization secures an appropriate degree of protection for consumers
  • protect financial markets – the organization protects and enhances the integrity of the UK financial system
  • promote competition – the organization promotes effective competition in the interests of consumers

The Financial Conduct Authority is an independent public body funded entirely by the firms it regulates, by charging them fees. The broker is accountable to the Treasury, which is responsible for the UK’s financial system, and to Parliament.

The broker’s stringent regulation by the FCA is further complemented by passporting rights from a number of other reputable EU regulators, including:

  • BAFIN
  • CNMV
  • CONSON
  • KNF

Customer Support

Trading.com offers excellent customer support which can be contacted via email, telephone, or by using the live chat option for more pressing client queries.

The support team is professional and knowledgeable and has a high success rate in resolving client issues. The team is available 24 hours, five days a week, during market hours.

 

Research

Trading.com offers a variety of independent research tools on its website, which consist of a number of calculators, an economic calendar, and access to a VPS service, at least for traders who maintain an account balance of $ 5000.

However, this research offering is merely a supplement to the remarkable analytical capabilities of the MetaTrader 5 platform, which Trading.com clients have access to directly from the broker.

Successful traders from around the world have chosen the MetaTrader 5 multi-asset platform for trading Forex, exchange instruments, and futures.

The platform offers advanced financial trading functions, as well as superior tools for technical and fundamental analysis. MetaTrader 5 can also trade automatically by using trading robots and trading signals.

The MetaTrader 5 trading system offers an advanced Market Depth feature (with a tick chart and Time and Sales information), a separate accounting of orders and trades, the support of all types of trading orders and execution modes.

Two order accounting modes are provided in the platform: the netting mode is adopted on exchange markets, while the hedging method can be used for Forex trading.

With the One-Click Trading function and the Market Depth option, users can buy and sell currency pairs, equities, and futures with just one click. The Stop Loss and Take Profit options are designed to help secure profits and minimize losses.

Up to 100 charts can be opened in the platform to enable monitoring of all required financial instruments.

The MetaTrader 5 charting system includes 21 time-frames, from one minute to one month. Such a diversity of time-frames allows examining short-term price fluctuations along with long-term trends.

MetaTrader 5 also provides over 80 built-in technical indicators and analytical objects for the most detailed price analysis.

More technical indicators can be downloaded, purchased, or ordered using additional MetaTrader 5 services, such as CodeBase, the Market of applications, and the Freelance service.

Fundamental analysis tools, such as financial news and the economic calendar, can also be used to forecast the price dynamics of financial instruments in MetaTrader 5.

 

Education and Training

Trading.com does not offer any educational or training resources at this stage, but the broker will soon be adding a trading guide and a glossary to its website in order to help beginner traders become better acquainted with the various aspects of forex trading.

For investors who want to be a part of the complex world of foreign exchange, forex education has to be on top of the list before doing some investments.

Forex education enables traders to reason and apply knowledge to important daily trading activities.

For long-term progress, it is a helpful tool that guides traders to optimal systems and the best solutions.

With a solid education, traders are prepared to make informed trading decisions instead of impulsive emotional ones that can often lead to major account disasters.

Trading currencies is not just about blindly exchanging one currency for another and profiting from the difference in prices. Traders need to at least use price charts to know how much each currency is worth.

Additionally, traders may need various indicators, signals, and oscillators to help them identify price trends and future currency price shifts.

Arming oneself with a forex education will enable you to identify what tools are available for monitoring and predicting market movements.

 

Conclusion

Trading.com is a relative newcomer to the forex market, having only been established in 2019, but already the broker has made impressive strides with a strong offering and a competitive trading environment.

Beginner traders will enjoy the readily available and knowledgeable customer support, along with the exceptionally low minimum deposit which makes this broker accessible to both newbie and smaller retail traders.

 

Disclaimer

Risk Warning: The Company also offers CFD products which are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with GCI Trading.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Cryptocurrencies are complex, high-risk, and volatile and may result in the loss of all invested capital over a short period of time; they are not appropriate for all investors.

Investors must understand and acknowledge these specific characteristics and risks and be warned that there is no EU regulatory framework governing trading in cryptocurrency products.

 

CFDs and Forex are not only complex instruments, but they also have a high level of risk which may result in loss of funds that exceed the trader’s initial deposit.

Traders need to evaluate their objective, level of risk exposure and willingness to be exposed to risks.

 

Trading.com at a Glance

Broker’s name Trading.com
Headquarters United Kingdom
Year founded 2019
Regulating authorities The Financial Conduct Authority
Countries not accepted for trade United States
Demo account Yes
Islamic account (swap-free) No
Institutional accounts No
Managed accounts No
Maximum leverage 1:30
Minimum deposit $5
Deposit options Bank Wire Transfer

Credit/Debit Cards

Multiple e-payment methods such as Skrill, Neteller

Withdrawal options Bank Wire Transfer

Credit/Debit Cards

Multiple e-payment methods such as Skrill, Neteller

Platform(s) provided MetaTrader 5
OS compatibility Mac, Microsoft Windows, Mobile, Web, iPhone
Tradable assets Forex, stocks, commodities, metals, energies
Languages supported on the website English, German, Spanish, French, Italian, Polish
Customer support languages English, German, Spanish, French, Italian, Polish
Customer service hours 24/5

 

FAQ’s

 

Trading Environment

 

How many instruments can I trade with Trading.com?

You can trade over 1,200 financial instruments, including:

  • Forex
  • Stocks
  • Commodities
  • Indices
  • Metals, and
  • Energies

 

Which platforms are supported by Trading.com?

MetaTrader 5.

 

Does Trading.com offer leverage?

Yes. Trading.com offers leverage up to 1:30.

 

What spreads can I expect with Trading.com?

Trading.com offers tight spreads which start as low as 0.6 pips for major currencies.

 

Does Trading.com charge commission?

No. Trading.com offers commission-free trading.

 

Is Trading.com regulated?

Yes. Trading.com is well-regulated through the highly reputable Financial Conduct Authority (FCA) in the United Kingdom

 

Is Trading.com a recommended forex trading broker for experts and beginners?

Yes. Trading.com provides an excellent trading environment for bother beginner and advanced traders

 

What is the overall rating out of 10 for Trading.com?

9/10

 

Accounts

 

What is the difference between a demo and a live trading account?

A Demo Account is a risk-free account that is funded by virtual money and allows traders to either practice trading, explore the broker’s offering, or test trading strategies in a mimicked live trading environment.

 

Does Trading.com offer a demo account?

Yes.

 

For how long is the demo account valid?

This information is not available but when generally comparing demo accounts between brokers, the frequent term is 30-days.

 

Which live trading accounts does Trading.com offer?

  • Ultra-Low Standard – where 1 standard lot is 100,000 units of the base currency, and
  • Ultra-Low Micro – where 1 micro lot is 1,000 units of the base currency.

 

What are the available deposit currencies for a live trading account?

  • EUR
  • USD
  • CHF
  • AUD
  • PLN
  • HUF

 

Deposits and Withdrawals

 

What is the minimum deposit for Trading.com?

$5.

 

How do I make a deposit and withdrawal with Trading.com?

  • Bank Wire Transfer
  • Credit/Debit Cards
  • Multiple e-payment methods such as Skrill, Neteller, and more.

 

Does Trading.com charge withdrawal fees?

No. Trading.com does not charge withdrawal fees, but there may be additional fees incurred by the trader’s banking institution.

 

How long does it take to make a withdrawal?

This will depend on the method through which withdrawals are made along with the process involved and generally it can take between one and several business days. E-payment methods such as Neteller and Skrill are processed within minutes.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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