What to know about Trading.com
Trading.com is quickly gaining its footing and a good reputation in the world of forex trading. For a forex broker that started just in 2019, Trading.com has done quite well so far. Trading.com began its operations in the United Kingdom before receiving its US license in 2020.
The trading platform established its presence in the United States with its office at 85 Broad Street, New York, NY 10004, USA. As a registered Retail Foreign Exchange Dealer (RFED), Trading.com operates under the oversight of the Commodities Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA) with the registration number NFA #0516820.
Although Trading.com is a relatively new entrant to the US market, it is part of a giant conglomerate actively providing retail foreign exchange services internationally. The US team of Trading.com consists of members with extensive experience in online forex trading. Their expertise and knowledge contribute to the company’s ability to cater to US traders’ needs effectively.
The company brings its extensive experience in online forex trading to the US market, ensuring traders can access a reliable and established platform. Additionally, Trading.com offers competitive spreads that provide cost-effectiveness. Its platform has a captivating, sleek design that guarantees easy manoeuvring by the users. It has a framework that shows its commitment to safeguarding the interests of its clients.
Why trade with Trading.com
It is understandable for traders generally to be skeptical of new platforms because they are not sure of their integrity and standard as opposed to that of established brokers who have spent at least a decade in the game. However, there are reasons why traders should consider Trading.com even though it is new in the game:
- An extensive range of forex pairs: Forex trading stands out as Trading.com’s primary area of expertise and specialization. The platform offers over 70 currency pairs with deep liquidity, competitive spreads, and the ability to trade spot contracts or utilize high leverage.
- Customized trading preferences: Trading.com offers meticulously curated offerings that cater to traders’ specific goals. Its different account types are tailored to suit the user’s preference and expertise.
- Competitive fee structure: Trading.com sets a system that balances value and competitive prices. It has a transparent approach, working solely on a spread basis. This ensures that trades are void of hidden costs.
- Regulatory bodies approval: Trading.com, in its few years of existence, has met the approved standards of some important regulatory bodies. It has certifications from about 7 different regulatory bodies, making it trusted among new traders.
What forex pairs does Trading.com offer?
Trading.com offers a vast number of currency pairs, with over 70 currency pairs available on their platform. Below are some currency pairs provided by Trading.com;
Table of forex pairs
| Forex Pair | Currencies in Pairs |
| EURUSD | Euro/US Dollar |
| USDCAD | US Dollar/Canadian Dollar |
| EURCAD | Euro/Canadian Dollar |
| USDCHF | US Dollar/Swiss Franc |
| AUDUSD | Australian Dollar/US Dollar |
| AUDCAD | Australian Dollar/Canadian Dollar |
| AUDCHF | Australian Dollar/Swiss Franc |
| EURAUD | Euro/Australian Dollar |
| EURCHF | Euro/Swiss Franc |
What are Trading.com’s features?
Trading.com offers a wide range of distinct features that enable their clients to trust them and ultimately get a fantastic experience. These great features include:
- Trading platforms: Trading.com offers an extensive range of trading platforms such as the WebTrader and MetaTrader to suit the trader’s preference. The trading platform and features can be accessed via Windows, Mac, Android or iOS.
- Deposit and withdrawal options: Trading.com offers the same methods for withdrawals and deposits. There are many options for traders to deposit or withdraw their funds. From deposit options like credit/debit cards and bank transfers to e-wallets, trading.com charges no deposit fee.
- Trading analytics: Trading.com has a unique analysis feature that is comparative. This feature serves as a mirror to weigh their trading behaviors against a larger landscape of traders in the community of users. This informs the user’s decision-making and gives them information on how the market flows.
- Pricing: Trading.com is a transparent broker. It has shown its commitment to showcase a competitive pricing structure that perfectly fits both value and cost. It sets a pretty comfortable threshold, asking only for a minimum deposit tailored to suit new and experienced traders. Its simplicity solely relies on the spread, eventually sidelining further commissions.
- Security: Trading.com has enhanced features for preventing fraud and protecting clients’ funds. With cutting-edge technologies, trading.com ensures that data cannot be penetrated, safeguarding transactions. Also, using segregated accounts that separate clients’ funds from the company’s capital reserve provides clients easy access to their funds.
- Research and Education: Trading.com’s provision for the education of traders is quite good. Though it is less experienced in that information than other brokers who have been around for a while, it still provides top-notch doctrines from fundamental analysis to chart dynamics.
What are the Pros and Cons of Trading.com?
As a relatively new forex broker, Trading.com has done reasonably well. While they have not been around long enough to determine the pros and cons of trading with them genuinely, we have curated a short list based on what we have seen so far from the usage of their platform:
| Pros | Cons |
| Competitive forex spreads and deep liquidity across 70+ currency pairs | No social trading integration |
| Leverage of up to 1:500 allows for higher profit potential | Relatively new to the US market |
| Intuitive and customizable web and mobile platforms for easy trading on the go | No mobile app for Android and iOS |
| Advanced charting tools and technical indicators for in-depth market analysis | |
| 24/5 multilingual customer support for assistance | |
| Well-regulated by the CFTC and NFA | |
| MetaTrader 5 desktop and mobile platforms, as well as a web terminal, are available |
How to open an account with Trading.com?
Trading.com as a relatively new forex broker has made it easy to open an account with them. As against the millenials, getting registered to start trading with them is pretty easy. Follow these simple steps to get started:
- Fill out the registration form: You can start by providing some basic information on the Trading.com platform. This typically includes your full name, contact number, and email address.
- Email confirmation: Once you have provided your primary details, you will receive a link in your mail prompting you to verify your email address. A single click, and you are good to go.
- Additional details: After you have verified your email address, you will need to provide detailed personal information to help you kick-start your journey. This may range from date of birth to house address.
- Documentation: According to the standard set by regulatory bodies, you must provide documents to ascertain the validity of your information. This will include any means of identification, like a driver’s license.
You are all set and good to go once you have provided all these things as prompted.
What are the ratings of Trading.com?
There are factors that make traders consider which online broker is best for them. Trading.com has been rated high among contemporary brokers based on some key factors like minimum deposit, pricing, fees, and demo accounts:
- Minimum deposit: Trading.com has made life easy for its users. It has curated a tailored minimum deposit according to the type of account you intend to use. Beginners and professionals can pick the best account that suits them and choose their minimum deposit. The lowest minimum deposit on the account types is $5. Rating: 8/10
- Demo account: Trading.com offers a free demo account for beginners to train with. The demo account is enhanced to attract traders to the real-world market and trading. From mastering it, users can get hands-on experience in real trading. Rating: 7/10
- Pricing/Fees: Trading.com has relatively low fees in general. Most times, they either don’t charge fees for what other brokers charge for, or they charge just a small amount. They cut unnecessary commissions like deposit fees and all. Rating: 8/10
- Security: With sophisticated technologies that protect traders’ accounts from fraud and separate the clients’ funds from the running capital, clients are assured of the safety of their funds and personal information. Rating: 9/10
- Trader education: Trading.com offers several resources to help train traders to make informed decisions. Although these resources have little-documented experience, they still help traders, especially beginners, on their way. Rating: 8/10
- Customer support: Trading.com is a very client-centric organization. They have a whole customer support ecosystem that helps them to be efficient in providing help for their clients. Their live chat support during standard hours ensures immediate catering to customers’ needs. Their assistance even stretches to extended hours, with different means of contacting them. Rating: 10/10
- Beginner-friendliness: Trading.com is very beginner friendly. With the free demo account and resources available for educating traders, beginners can easily find their footing. Rating: 7/10
- Trading Experience: With the many modern features that the platform provides, traders can have a generally great experience while trading. Rating: 8/10
- Trading platform features: Trading.com uses cookies to improve the general user experience. With the various components, including push notifications, traders can have a seamless experience. Rating: 7/10
- Currency pairs: Trading.com offers over 70 currency pairs. This is a lot more than average brokers, giving it a high rating in this category. Rating: 9/10
How does Trading.com compare to other forex brokers?
Although relatively new, Trading.com has outdone its peers. It has done so well, and compared to other brokers that were established at about the same time that it was established, it has done excellently well. But in comparison with the older brokers who have been here for a while, Trading.com still has a very long way to go in terms of education and research and how to keep their heads in the game for much longer.
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