Trading.com Review

Trading.com Ratings at a Glance

Trading.com Product Offering 

Despite being relatively new compared to other well-established counterparties, Trading.com has already earned  its spot among the best forex trading counterparties thanks to its diverse market, trading platform, low trading  costs and more. Here’s a breakdown of its offerings. 

Tradable Instruments and Account Types 

Trading.com offers over 69 currency pairs, encompassing forex majors like EUR/USD, USD/JPY and GBP/USD, as  well as minor pairs such as GBP/AUD, AUD/CAD and EUR/AUD. Additionally, you can trade various exotic currency  pairs, including GBP/DKK, USD/TRY and EUR/ZAR. This extensive range of currency pairs provides opportunities for  diversified trading strategies. 

Besides the flexibility to choose your favorite currency, you can also capitalize on the company’s industry-leading  leverage to amplify your positions while enjoying cost-effective trading execution thanks to its ultra-tight spreads.  Note, trading in foreign currency contracts on margin carries a high level of risk and may not be suitable for all  investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign  exchange you should carefully consider your investment objectives, level of experience, and risk appetite. This comprehensive offering reflects Trading.com’s commitment to catering to the diverse needs and preferences of  forex traders, fostering a dynamic and rewarding trading experience. 

As an extension of its dedication to delivering a compelling trading experience, Trading.com offers only one  account type — the T1 Account. Most forex counterparties offer multiple account options to accommodate  diverse traders’ needs. However, it’s easy to confuse the various account types, and uncertainties may arise  regarding what you can access and what you can’t. 

Trading.com’s T1 Account is the ultimate package for an all-in-one forex trading experience. The account boasts  every feature and tool you could need to trade the forex market without hassle. 

These encompass a member area, news and research portal, advanced trading tools and learning center — all in a  user-friendly portal. You can fund your account, plan your strategies, analyze the market and identify new  opportunities — all within your portal. The T1 account makes sense if you seek a seamless trading experience. 

Trading Platforms 

Trading.com offers a cutting-edge and innovative MT5 trading platform. MT5 is the more sophisticated successor  to the MT4. Both are versatile and well-recognized among traders in the financial market. However, MT5 boasts  more extensive features and functionalities, making it the perfect online forex trading platform for traders seeking  a more robust trading technology. These include over 38 pre-installed technical indicators, 44 analytical charting  tools and 21 timeframes. 

These basic features facilitate accurate technical analysis and fast decision-making in trading. However, the MT5  platform goes beyond that. It also offers detachable charts, depth-of-market (DoM), extra pending order types (sell  stop limit and buy stop limit) and an integrated economic calendar. It is a reliable platform that boasts fully customizable charting options, multiple order types, advanced analytical capabilities and built-in copy trading  systems. 

MT5 supports one-click trading, automated trading via Expert Advisors (EAs), trading from charts and trailing  stops. Trading.com provides MT5 on mobile devices (Android and iOS) and PCs (Windows). The platform supports  the powerful MT5 WebTrader terminal, which grants you instant access to the global market directly from your  browser on Mac and PC and requires no software download. 

Trading.com offers a webtrader platform for U.S. users where you’ll be able to indulge in a full forex trading journey  directly from your web browser—no downloads necessary. Featuring comprehensive charting, advanced tools,  and a customizable interface, the platform offers everything essential for initiating currency trades on any web enabled device. 

Additionally U.S. traders will have access to Trading.com’s mobile app where you’ll experience a seamless and  user-friendly forex trading experience, regardless of your device. Take your trades with you wherever you go and  relish in the platform’s convenience. By prioritizing mobile accessibility, they’ve optimized the platform’s  strengths and incorporated numerous features similar to their webtrader, along with some extra functionalities all  neatly tailored to fit in the palm of your hand. 

Research Resources and Tools 

Suppose you seek a deep dive into the market. In that case, Trading.com’s comprehensive research material can  provide you with valuable market insights needed to make a more informed trading decision. It features daily  updates, news and analysis on current market-moving events. Trading.com offers advanced tools on its research  portal to help you plan your trades and capitalize on opportunities without hassles. For instance, you can directly  assess expert analysis on the latest market movements from the in-house team. 

Using the trading signal, you can discover potential currency pair movements with detailed trade signals based on  the latest market data. The investor sentiment tool can help you gauge market sentiment by viewing the  percentage of traders with buy or sell positions on specific currency pairs. And thanks to technical summaries,  you can gain insights into the strength and direction of a currency pair’s underlying trend across multiple  timeframes. All these tools can help you make more informed decisions that enhance your trading success. 

There’s also an economic calendar with vital economic events and indicators, such as interest rate decisions,  employment reports and GDP releases. This can help you anticipate market movements and adjust your trading  strategies accordingly. Filtering out noise and focusing on events that could impact your trading are essential if  you hope to excel in the market. The economic calendar enables you to utilize historical data and expected results  to inform your trading decisions. 

Educational Tools and Resources 

Excellent educational resources empower traders with the knowledge and skills to make informed decisions and  navigate the complexities of the forex markets effectively. Trading.com provides extensive educational content to  satisfy the needs of various traders, from beginners to intermediate and expert traders. These include short, well crafted tutorials designed to help traders discover the world of online forex trading one piece at a time. Overall,  you can access up to 33 of such articles. 

If you prefer learning via video format, Trading.com also offers video tutorials. This is more like breaking the written  content into short, fun videos to enhance the learning experience. Trading.com provides a trading glossary to help  you brush up on your trading terminologies. The firm even provides a walkthrough of the trading platforms via short videos. A forex calculator is also available to help you calculate position sizes, swaps and margins. Trading.com  goes the extra mile to provide the essential tools needed to trade the forex market under optimal conditions. 

Trading.com offers a Practice Account with $10,000 in virtual currency to help beginner traders develop  confidence and build their strategy before trading with a live account. Unlike most brokers, Trading.com’s Practice  Account does not expire, meaning you can use it for as long as you like, assuming you have a real account with  Trading.com. 

You can contact Trading.com’s support team via Live Chat, phone or email to ask questions about the platform  and services, resolve account issues or make general inquiries. The dedicated support team is available 24/5. The  phone and Live Chat channels grant you fast access to the support team, making them ideal for addressing  complaints requiring immediate assistance. 

We tested the Live Chat and received an instant response with no delay. The agent was professional, efficient and  friendly when addressing questions. You can use the email channels for less urgent inquiries. A more efficient  approach to assessing answers to your questions without contacting customer support is via the FAQ section.  Trading.com’s FAQ section features a comprehensive collection of potential questions traders may have and their  corresponding answers. 

So, if you have queries, search the FAQ before contacting support. The firm also maintains an active presence on  multiple social media channels, including Facebook, X, Instagram, YouTube and LinkedIn. This provides an  alternative means of connecting to the support team. Trading.com has a 3.7-star rating on Trustpilot from 10  reviewers. All comments were positive except for one reviewer, who contributed to the average rating. 

Trading.com Markets Inc. is licensed and regulated as a forex dealer in the United States by the Commodity  Futures Trading Commission (CFTC) and the National Futures Association (NFA). Being authorized to operate  under the regulatory oversight of such reputable organizations means Trading.com adheres to strict regulatory  standards, ensuring a secure trading environment for its clients. 

As part of its risk management strategy, the firm employs robust processes that regularly monitor their regulatory  capital levels. Trading.com complies with all applicable data protection laws and utilizes the latest security  technology to safeguard all personally identifiable information (PIS) at rest or in transit on its network. 

Trading.com will not share or sell your PIS or other sensitive data to a third party without your consent except in  line with a judicial order. You can review Trading.com’s Privacy Policy to fully understand the steps it takes to  protect your data and your responsibilities. Additional measures the firm takes to protect your data and funds  include: 

• Providing a secure payment method with TLS technology for transfer security and privacy
• Partnering with multiple liquidity providers to keep the spread low 
• Ensuring transparent trading conditions and costs 

The investment minimums and pricing can shape your trading strategy and determine your profitability. Here’s a  breakdown of Trading.com’s pricing details.

Spread and Fees 

Trading.com is committed to maintaining price transparency. The only applicable fee is the rollover fee for  overnight positions. There are no currency transfers or hidden fees, and the platform is commission-free. The  spread accounts for all applicable fees during trade execution. And since the spread is variable, your total trading  cost can swing both sides depending on the market conditions. 

It will be lower during normal trading conditions and higher during high volatility or liquidity. You can view your total  trading cost or spread for each trade in the Order History section of the WebTrader or app and your daily and  monthly account statements. You can also review the forex pricing page for the average spread per instrument. 

Margin and Leverages 

Trading.com also offers competitive leverage for margin trading, empowering you to increase your position size  and seize potential opportunities with enhanced trading power. The leverage varies among the currency pairs and  can be as high as 1:50 for forex majors like EURUSD. This means that with a $100 balance, you can increase your  position size by up to $5,000, thereby boosting your profit. 

Remember that leverage magnifies your losses the same way it does profits. Trading.com employs an automated  trading system that monitors the overall utilization of your available collateral to limit your trading losses and  prevent your total losses from exceeding your account balance. This system also requires you to maintain a  margin level of at least 100%. 

Deposit and Withdrawal 

Trading.com offers two funding options: Automated Clearing House (ACH) payments and Bank Wire (BW)  transfers. You can access both methods via your wallet. The minimum and maximum deposits via ACH are $50  and $10,000, respectively. There are no deposit charges; deposits take 2-5 business days to clear. 

With Bank Wire transfers, there is no per-transaction limit on deposits, and like ACH, funds will also take 2-5  business days to clear. However, a fee of $13 applies to deposited amounts less than $250. 

Your bank may also charge fees. Trading.com processes all withdrawals within 24 business hours of your initial  request. However, it can take 2-5 business days for the money to appear in your account. A withdrawal fee of $13  applies for Bank Wire transfers less than $250. All other withdrawals are free. Your bank may also charge fees, so  it’s best to check with them. 

Trading.com also charges a monthly inactivity fee of $10 per month after you go 12 months without a trade. These  inactivity fees end after you make a trade, close your account or your pre-funded account balance reaches 0. 

Promotions 

Trading.com currently offers two promos: a paper trading competition and a no-deposit bonus. Both involve  opening and validating your live trading account. To join the paper trading competition, click the promotion icon on  the top bar of your newly created real account and opt in. Then, validate your phone number and begin trading on  your practice account. The top three monthly performing traders (based on ROI) are awarded $1,000, $3,000 or  $6,000, respectively, in ascending order. 

Like the paper trading competition, the no-deposit bonus does not require depositing funds. Once you’ve signed  up for a live account and validated your phone number, you can claim your $100 bonus and start trading  immediately. No deposit needed, all profits are withdrawable. Customers must maintain a verified account to qualify for one-time promotional credit. Credit is part of tradable equity but is not withdrawable until trading  requirements are met. Trading Requirements: For every one lot traded, $5 credit vests into cash balance. Residual  trade losses exceeding cash balance are deducted from credit until depleted. 

If you make a living off the forex market like millions of people do, you shouldn’t limit your trading activities to your  PC or MacBook. While they offer practicality, especially during technical analysis, major market-moving events  can occur while you’re on the go. 

Mobile trading becomes invaluable in such scenarios when you’re away from your computer. That’s the vision  behind Trading.com’s sleek and intuitive mobile trading app — to facilitate seamless access to the forex markets  on the go. 

There’s no major difference between the app and Trading.com’s WebTrader or MT5 platform. It boasts the same  features and functionality, including customizable watchlists, advanced charting, multiple order types, risk  management tools, one-click trading, a research portal and expert news and analysis. Just think of it as the  WebTrader adapted for mobile devices. However, you cannot request a transaction data report via the app. 

Trading.com delivers a seamless forex trading experience that appeals to beginners, intermediate and expert forex  traders in the U.S. The platform’s impressive educational and research resources, innovative trading platform and  advanced analytical tools have enabled it to captivate traders and forex investors. 

The company also tries to maintain cost-efficient execution, with spreads as slow as 1.0 and zero commission. In  addition to its WebTrader and MT5 platform, Trading.com offers a mobile trading app with a clean and user friendly interface. 

The firm maintains full transparency on all aspects of its services, and thanks to its efficient support team, traders  can easily get the answers to the questions they seek across multiple channels. 

Trading.com seems on the right track to fulfilling its mission of leading online forex trading innovation through an  unwavering commitment to its four guiding principles: simplicity, reliability, transparency and support. Benzinga  considers Trading.com highly reliable. 

Trading.com vs. Competitors 

Trading.com has a few competitors, such as Forex.com and OANDA, in the U.S. market. Despite being new in the  U.S. market, Trading.com is already head-to-head with these well-established counterparties regarding a wide  range of forex markets, cutting-edge trading technology, analytical tools, comprehensive research and  educational resources. 

Trading.com’s most tangible competitive advantage is its unwavering commitment to providing its clients with a  transparent and seamless online forex trading experience by ensuring the best possible trading conditions.

Whether you’re a beginner or forex trading veteran seeking a new trading experience, Trading.com boasts all the  features and tools to ensure that you excel in your trading journey. Its comprehensive forex market, innovative  trading platform, easy-to-use analytical tools, research and educational resources are just what any dedicated  trader needs to take advantage of the immense opportunities available in the forex market. Trading.com also  offers excellent customer support, meaning you can ask technical and general questions anytime during your  trade and get feedback without delays. 

Frequently Asked Questions