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Trades.Com Review

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Trades.com is a foreign exchange broker looking to raise the bar on the industry. They claim to offer innovative trading systems, airtight security, valuable resources as well as a lot of other benefits. We will be using this Trades review to look into what is on offer so you can decide if they are the right broker for you.

Account Types

There are four different accounts available to use with Trades.com. We will briefly outline the main features of them below.

Bronze Account:
This account has a minimum deposit requirement of $5,000. It comes with market news & research, live expert trading sessions, 24-hour service & support, web, mobile & desktop trading platforms video tutorials & ebook and access to a dedicated account manager.

Silver Account:
This account has a minimum deposit requirement of $25,000. It comes with market news & research, live expert trading sessions, 24-hour service & support, web, mobile & desktop trading platforms video tutorials & ebook, access to a dedicated account manager, trading signals and premium daily analysis.

Gold Account:
This account has a minimum deposit requirement of $100,000. It comes with market news & research, live expert trading sessions, 24-hour service & support, web, mobile & desktop trading platforms video tutorials & ebook, access to a dedicated account manager, trading signals, premium daily analysis, fully licensed asset management, algorithm trading, and private consultation sessions.

Platinum Account:
This account has a minimum deposit requirement of $100,000. It comes with market news & research, live expert trading sessions, 24-hour service & support, web, mobile & desktop trading platforms video tutorials & ebook, access to a dedicated account manager, trading signals, premium daily analysis, fully licensed asset management, algorithm trading, private consultation sessions, exclusive promotions, and premium trading terms.

Platforms

The platform on offer is MetaTrader 4 created by MetaQuotes. MetaTrader 4 offers smart automation functionality and delivers at-best order execution on every trade. Enjoy low latency with less requotes, and access real-time data at a single click. It also offers benefits like customized automated EA’s, multi-language/currency support, instant trade execution, professional trading charts, streaming market updates, and leading technical indicators. The platform is also highly accessible and can be used via a desktop download, mobile app or web trader.

Leverage

The maximum available leverage is 1:200 and can be selected when opening up an account. Should you wish to change it you can do so by contacting the customer service team with your request.

Trade Sizes

Trade sixes start from 0.01 lots and go up in increments of 0.01 lot. We do not know what the maximum trade size it or what the maximum number of open trades you can have at any one time.

Trading Costs

The account uses a spread based system and so while there is no information on the site about there not being any commissions, we do not think that there are any. Swap fees are also charged. These are charged for holding trades overnight and can be viewed within the MetaTrader trading platform.

Assets

There are plenty of assets and instruments available, and we have outlined them below.

Forex:
EURUSD, USDJPY, USDCAD, NZDUSD, AUDUSD, AUDNZD, AUDCAD, USDCHF, GBPUSD, AUDCHF, AUDJPY, CHFJPY, EURGBP, EURAUD, EURJPY, EURCHF, EURNZD, EURCAD, GBPCHF, GBPAUD, GBPCAD, GBPJPY, CADCHF, CADJPY, NZDJPY, USDSGD, NZDCHF, USDDKK, NZDCAD, GBPNZD, USDTRY, EURTRY, GBPTRY, TRYJPY, USDZAR, ZARJPY, USDCNH, USDMXN, USDHKD, USDPLN, EURPLN, EURNOK, USDNOK, USDSEK, EURSEK, USDHUF, EURHUF, EURRON, USDRON, USDRUB, EURRUB, USDCZK, USDILS, EURILS, GBPILS.

Commodities:
Tin, Lead, Nickel, Zinc, Aluminium, Cocoa, Palladium, Platinum, Wheat, Live Cattle, Cotton, Feeder Cattle, Corn, Soybean, Gold, Silver, WTI Crude Oil, Brent Crude Oil, Rice, Heating Oil, Copper, Natural Gas.

Indices:
Plenty of different ones available such as DAX30, Nasdaq, FTSE 100,m S&P 500 and Spain 35.

CFDs:
Gilt10Y, USBond5, EUBond10, USBond10, USBond30.

Crypto:
Bitcoin, Litecoin, Ethereum, Ripply and, Bitcoin Cash.

Stocks:
There is a load of stocks available a few of them include Apple, Google, Cisco, Intel, and IBM.

Spreads

While we know the accounts all use a spread based system we do not. Unfortunately, know much about them apart from the fact that they are variable spreads so they move with the markets and increase with volatility.

Minimum Deposit

The minimum deposit required to open up an account is $5,000. This will allow you to open up the Bronze account. It is unknown if this requirement is reduced for a further top-up deposit.

Deposit Methods & Costs

There isn’t a complete list of available methods however the site states that Visa, MasterCard, UpayCard, PaysafeCard, Bank Wire Transfer and e-wallets such as WIQI, WebMoney, Yandex and more. There is no mention of any added fees but be sure to check with your own bank or processor to see if they add any of their own.

Withdrawal Methods & Costs

The majority of the same methods will be used for withdrawal. For clarification, these are Visa, MasterCard, UpayCard, PaysafeCard, Bank Wire Transfer and e-wallets such as WIQI, WebMoney, Yandex and more. We do not know of any withdrawal fees.

Withdrawal Processing & Wait Time

Withdrawal requests should be processed within 48 hours and fully processed between 1 to 5 days from the date of the request depending on the method used to withdraw.

Bonuses & Promotions

At the time of writing this review, there did not seem to be any active promotions or bonuses. If you are after one, you could always contact the customer service team to find out if any promotions are coming up that you could take part in.

Educational & Trading Tools

In terms of education and trading tools, there is an economic calendar that details upcoming news events and the currencies that the news may affect. There is also some market news detailing past news events. A strategy calculator is also present, this is more for working out pip sizes and profit., Finally, there are some trading signals. However, we could not view them so we cannot comment on their accuracy or profitability.

Customer Service

The customer service team is available 24 hours a day 5 days a week and closes over the weekend and on bank holidays. You can contact them by either phone or email.

Phone: +44 208 089 2065
Email: support@trades.com

Demo Account

We could not locate any demo account but they may be available once you have signed up. If they are not available then it is a shame as demo accounts allow clients to test out the markets and new strategies without risking anything.

Countries Accepted

The following statement is present on the site: “This information is intended for investors outside the United States who are not the US/Japanese citizens and residents. This website is intended for informational purposes only. This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation. The products described on this are not offered and may not be sold in the United States/Japan or to US/Japanese citizens and residents.”

Conclusion

The account page doesn’t give a lot of information away about the trading conditions. Unfortunately, we could not find any in regards to spreads and commissions, so the overall trading costs are not known to us. When it comes to assets there are enough to keep you busy and with seemingly no added fees to withdrawals and deposits it can be cheap to get your money in and out. We have given you the information, now it is up to you as to whether they are the right broker for your trading needs.

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