Back in July Trading Point Group, which also operates XM, one of the leading brokers on the forex market, launched Trading.com.
Currently the new brand is available only to European customers under a UK license, but latter when the process of obtaining a US license from the National Futures Association (NFA) is finalized, Trading.com will be introduced cross the Atlantic as well.
The Company. Security of Funds
In the EU and the UK Trading.com is operated by Trading Point of Financial Instruments UK Limited, which is licensed and authorized by the Financial Conduct Authority (FCA). And Trading.com is also expected to take over the customers of XM UK, which will give the new broker additional boost.
When XM’s US branch Trading.com Markets Inc. (previously Trading Point US Inc.) obtains its US license however, it will gain access to a much larger market.
Bear in mind that the minimum operational capital requirement set by the NFA is 20 million USD – a prohibitively high amount for most of the smaller brokers, leaving just a handful of big players like the IG, OANDA, Forex.com and now Trading.com to service the American customers.
In other words, trading with Trading.com is perfectly safe, and its clients have sufficient assurance for the security of their funds.
Trading.com trading conditions
Comprehensive list of trading instruments
Trading.com is offering two account types – Ultra-Low Standard and Ultra-Low Micro, which will grant you access to over 1 250 markets, among which almost 60 currency pairs, many of which minor or exotic like USDZAR, USDTRY, USDSGD, USDSEK, USDRUB, USDPLN, USDNOK, USDMXN, USDHUF, USDHKD, USDCNH and USDDKK
And you can also chose among 18 spot indices, 13 futures indices, as well as precious metals like silver, gold, platinum and palladium, various commodities including oil, natural gas, sugar, cocoa, coffee, cotton, wheat, high grade copper, corn and soybeans, and a comprehensive list of European and US stocks.
Attractive spreads
Spreads are advertised to start as low as 0.6 on FX and that is exactly what we saw on the Trading.com platform – the benchmark EURUSD spread floated about 0,6 pips – 0,7 pips and that combined with the fact that Trading.com does not take a trading commission, makes things look pretty attractive.
The maximum leverage allowed for retail traders is 1:30, and that is in line with the latest regulations of the European Securities and Markets Authority (ESMA), which came in to force back in August 2018.
If you are a professional trader however, and you can prove it, you can always request a higher leverage.
MetaTrader5 supported
To its European customers Trading.com offers a classical trading solution – the MetaTrader5 platform. MT5 is a highly reliable and user friendly platform, featuring over 50 integrated, market indicators, as well as trading robots, which will allow you to run algorithmic trading sessions. On top of that the platform is equipped with an excellent set of advanced charting tools.
Methods of Payment
Trading.com accepts the most commonly used payment methods today including Bank Wire Transfer, Credit/Debit Card, Neteller, Skrill, etc. We don’t know yet what will be the payment options for Trading.com’s clients in the USA.
Open a live account in less than 5 min.
It will take you less than 5 minutes to open a live account at Trading.com. Trading is simple and straightforward and there are no complex terms and conditions.
You can start trading with just 5 USD
You can open a live trading account at Trading.com with as little as 5 USD. That is in line with the best practices on the market as most brokers require at lest 250 USD and some even more as an initial deposit.
Strict no re-quotes policy
This is one of the brand features of Trading.com. And besides according to their latest statistics 99.35% of all trades are executed in less than 1 sec.
24/5 live support, website available in 11 languages
Besides English, Trading.com website is available in German, Spanish, French, Italian, Czech, Polish, Hungarian, Dutch, Portuguese and Swedish and there is 24/5 live support via chat, phone and email.
Conclusion:
Trading.com is expected to become one of the leading brands both in the UK and the wider EU, and the US market as well, after they get their American license. The trading conditions offered by Trading.com are basically as good as they can get and their trading platform is well known to the trading community. All of that makes Trading.com a perfect choice both for professional and beginner traders alike.
To sum up the above:
Pros | Cons |
To be licensed in the US | |
Part of a well-established international group | |
Nice & Intuitive trading platform | |
Choice of trading instruments |
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