Trading.com Review

4.3/5

A newer entrant in the online trading space, Trading.com strives to make investing a much simpler process by combining technology and accessibility for a smooth and seamless experience. A rapid onboarding process, intuitive member interface, and simplified offering makes trading approachable while delivering all the tools needed to capture opportunities as they unfold.

Helping make all this possible is a low starting minimum deposit, narrow spreads that are highly competitive, and an order execution policy that focuses on fulfilling orders in less than one second without re-quotes or rejections. Furthermore, the breadth of assets offered via the platform makes it easy to gain diverse exposure to a wide range of different asset classes and instruments. The inclusion of MetaTrader 5 means that traders have ample analysis tools on hand to execute trades around the clock in a transparent but secure trading environment. Between low costs, competitive spreads, excellent execution, and helpful staff, Trading.com is committed to delivering a simple and undemanding investing ecosystem.

Trading.com Pros & Cons

Pros

Same variable starting spreads across all account types
Negative balance protection available in all accounts
No re-quotes or order rejection
Zero trading commissions
MT5 delivers a wide array of analysis tools

Cons

Desktop trading application limited to PC users only
Research resources currently limited to economic calendar
No proprietary trading platform

Who Is Trading.com Recommended For?

A simplified account structure and low minimum starting deposit makes Trading.com a perfect destination for newcomers to the online investing arena. Moreover, excellent execution, a wide range of tradeable assets, and highly competitive pricing without commissions means that traders with more experience can also benefit from the platform’s various offerings.

The platform is designed to meet the stringent demands of sophisticated users that expect flawless order execution and minimal costs along with top-tier security and regulation. However, Trading.com’s recency in the market also means that those individuals with minimal experience seeking more knowledge should be conscious of the absence of educational resources and market research. Still, the robust offering from Trading.com presents a compelling investing destination for experienced and even less experienced traders in search of superior pricing and execution.

Top Trading.com Features

Fast Registration: Thanks to a strong focus on technology and streamlining processes, users can register a new Trading.com account in less than five minutes. After entering basic personal information, users select their account preferences, take a small survey about their investing experience, and fill in a brief risk assessment and quiz before setting a password and verifying the account.

Rapid Trade Execution: Apart from the company’s no re-quote policy, no order rejection policy, and several available order types, 99.35% of trades are executed in less than one second and can be handled either online or over the phone depending on trader preference.

Narrow Spreads With No Commissions: The competitive pricing model that Trading.com features means that variable spreads start as low as 0.6 pips on major FX pairs while all trades executed involve zero commissions.

Extensive Range of Assets: The inclusion of five major asset classes on the Trading.com platform including foreign exchange, commodities, indices, and shares ensures that traders can construct diverse portfolios of tradeable assets.

Accessible Starting Deposit: com endeavors to make its platform highly approachable for both novice and experienced traders thanks to a low minimum starting deposit of just $5 to gain access to all the platform’s features and functionality.

Trading.com Overview

Regulation & Licensing The UK Financial Conduct Authority (FCA)
Accepted Jurisdictions 28 countries
Assets Offered Currencies, Commodities, Indices, Shares, Cyptocurrencies
Platforms Available MetaTrader 5 (Desktop, Web, Mobile)
Mobile Compatibility iOS, Android
Payment Types Accepted Credit/Debit Card, Bank Transfer, Skrill

Trading.com Account Types

Features	Ultra-Low Standard	Ultra-Low Micro
Account Currencies	EUR, USD, GBP, CHF, AUD, PLN, HUF	EUR, USD, GBP, CHF, AUD, PLN, HUF
Available Leverage	Up to 30:1	Up to 30:1
Minimum Deposit	$5	$5
Starting Spreads	From 0.6 pips	From 0.6 pips
Commission Per Trade	$0	$0
Decimal Pricing	Up to 5 decimals	Up to 5 decimals
Swaps/Rollovers	Yes	Yes
Trading Instruments	57 FX pairs 18 Indices 15 Commodities 1200 Stocks	57 FX pairs 18 Indices 15 Commodities 1200 Stocks
Min. Lot Size Per Trade	0.01	0.1
Max Lot Size Per Trade	50	100
Demo Account	Yes	Yes
Swap/Rollover Free	No	No
Copy Trading Support	No	No

Trading.com Compliance & Regulation

As part of its commitment to delivering superior transparency and trading conditions, Trading.com is licensed and regulated by the United Kingdom’s Financial Conduct Authority. This means that apart from complying with strict anti-money laundering and know your client procedures, Trading.com emphasizes client protections with client funds held in accounts segregated from the company’s operational funds.

Furthermore, it complies with the investor protections set forth by MiFID II, helping the company passport its services to Germany, Spain, Hungary, Italy, France, Finland, Poland, the Netherlands, and Sweden. Finally, Trading.com clients are covered by the Financial Services Compensation Scheme (FSCS), ensuring that claims up to GBP 85,000 are payable if the company encounters any trouble meeting its financial obligations.

Trading.com Pricing

Although Trading.com features three account types, they all benefit from the same pricing and fees. In addition to a minimum starting deposit of $5.00 for all account types, variable spreads on major foreign exchange pairs begin at 0.6 pips and there are zero commissions for trade execution. This high degree of affordability is echoed by the company’s approach to funding fees.

For all deposit and withdrawal methods, customers are charged absolutely no fees for funding or withdrawing from the accounts. This means that Trading.com covers fees for all supported digital payment methods and credit/debit card transactions incur no extra fees. The lone exception is wire transfers that are for less than $200 or an equivalent amount in another currency, which will incur fees imposed by Trading.com’s banks.

There is also an account inactivity fee of $5 per month for trading accounts that have been dormant for 90 days. This fee is deducted monthly until no free account balance remains or trading activity resumes. For traders who require Shariah-compliant accounts, swap-free Islamic accounts are available after completing the accompanying setup instructions after a trading account has been validated. All other accounts will encounter swap rates and rollovers depending on how long a trading position is kept open.

Trading.com Reliability & Security

One area where Trading.com truly shines is trading reliability, thanks to efforts to deliver superior execution, liquidity, and support. The company is very transparent about its entire execution policy, outlining the steps it takes to ensure that clients can access the very best trading conditions available. The no-quote and no order rejection model, along with top tier liquidity relationships, assures that 99.35% of client trades are executed in less than 1 minute.

Traders implementing sophisticated strategies, especially automated ones (Expert Advisors) integrated with the MT5 platform, gain access to free VPS service for maintaining an account balance of more than $5000 and recording turnover of 5 lots per month. Apart from supplying platform clients with reliable execution services, Trading.com provides excellent customer service in 9 languages. Representatives can be reached via several different channels 24 hours a day, 5 days a week. These channels include phone support, live chat, email ticket and even a fax number.

Additionally, a helpful FAQ hosted directly on the website offers answers to the most common questions customers encounter, covering a range of subjects including compliance documentation, account and trading details, payments, the trading platform and more. Users who feel comfortable seeking out their own answers will appreciate the FAQ’s comprehensive focus.

Trading.com User Experience

One of the best attributes of the Trading.com ecosystem is its sensitivity towards the user experience across its services. Beginning with the registration, which has consolidated the entire process into steps that take no more than five minutes to complete, the company’s emphasis on streamlining important account activities is evident. After entering basic personal information like name, email, phone, country, and address information, users follow an intuitive step-by-step process to define their employment, investment objectives, risk profile, prior investing experience, and a brief quiz to test knowledge before determining a password and confirming the account.

From there, all activities can be handled via the Member Area, including compliance documentation upload, account funding instructions, transfers between accounts, and even trading directly from the browser based MT5 WebTrader platform. Users can even setup 2-factor authentication for their accounts, adding an extra layer of security. Unlike competitors, Trading.com highlights its commitment to trader satisfaction by including a complaint submission portal in the Member Area to address any difficulties or problems users encounter.

Funding a Trading.com account is straightforward and withdrawal requests are processed within 24 hours. In addition, funds can be transferred internally between trading accounts. Open positions, trading history, and more can all be monitored directly from the Member Area as well along with download links for the MetaTrader 5 trading platform and even the ability to open additional accounts like demo accounts or select the Islamic account option. All told, the Member Area of the Trading.com ecosystem is very inclusive, intuitive, and accessible, helping users of all levels gain value from its use.

Final Thoughts on Trading.com

By encouraging a client-centric user experience that delivers all the vital functionality in an easily accessible format that is intuitive and simple, Trading.com delivers an advantageous ecosystem designed to meet a range of different trader needs. From the deployment of the MetaTrader 5 platform to the low-cost commission-free model that provides narrow variable spreads alongside top-tier execution, Trading.com has presented itself as a reliable destination for even the most demanding trading strategies.

From a simplified onboarding process to accessible customer service representatives in multiple languages, Trading.com’s robust focus adding value to the trading experience through the use of technology is clearly evident. Although more educational resources and market analysis would help make the platform more approachable for beginners with no experience, all investors ranging from those with basic knowledge to experts with well-honed strategies will be able to glean value from the ecosystem’s ease of use and uncomplicated approach. Ultimately, Trading.com presents a robust regulated destination for clients seeking low cost access to a wide range of tradeable assets with the support of reliable execution and dependable tools.

Trading Platform Screenshots

Contact Info

Website: https://www.trading.com/uk/

Telephone: +44 2031501500

Fax: +44 2038629869

Company Address:
Citypoint Building, 1 Ropemaker Street, London. EC2Y 9HT United Kingdome

Trading.com FAQs

Q: Are there fees for funding my trading account?

A: Deposits that are made via electronic payment methods and credit or debit card are charged absolutely no fees by Trading.com. The only exception is wire transfers that are for less than $200 which will encounter the fees assessed by the Trading.com banking partners.

Q: Can Trading.com accept customers with US citizenship if they have another passport?

A: No, unfortunately not. Even if a client has a European or UK passport and accompanying residential address, Trading.com does not accept any clients with US citizenship at this point in time.

Q: Is one-click trading possible?

A: Yes, the one-click trading feature can be turned-on for the desktop and web MetaTrader 5 platforms. Simply go to the chart, move the mouse to the right-hand corner to the downward facing triangle to open up the feature. From there, simply click on the bid or ask price to instantly open a trade with a single click.

Q: Can I use the VPS service if I don’t meet the minimum account balance requirement?
A: Yes, users who don’t meet the $5000 minimum balance requirement for free VPS service can make a special request to a company representative to open the feature. The service is available for $28 per month which is deducted from the account balance on the first day of each month.

Q: How can I find out more about important trading terminology and upcoming market events?

A: By clicking the “Learn” tab in the menu bar of the website and selecting “Economic Calendar” from the drop-down menu, you can see an economic calendar of events that can be sorted and filtered based on user preferences. If you keep scrolling down the page, you’ll also find a helpful dictionary of economic indicators that defines the different events and their relative importance.

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