Trade.com Review How Genuine is Trade.com

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Trade.com review

Wide variety of instruments to invest in

By Jitendra Soni 11 March 2020

Our Verdict

Best suited for experienced traders

  • Demo account
  • Standard MT4 trading platform
  • Support
  • Multi-language support

Against

  • Minimum withdrawal limits
  • Limited Bonuses or Promotions
  • Not easy to add stop loss

Trade.com is one of the most popular trading platforms out there. The company was founded back in 2009, and so far, it has become one of the leading players in the trading world, and the platform has surpassed a user base of 100,000 active traders.

Moreover, the multi-asset brokerage also features over 2,100 assets across five categories and is regulated by three jurisdictions. On this platform, you have access not just to CFD trading, but you can also trade with direct market access or DMA, with over 100,000 assets across 125 markets are available.

The company is headquartered in Cyprus and regulated by the financial authorities at the Cyprus Securities and Exchange Commission. Also, through this platform, you will get access to forex, commodities, shares, and cryptocurrency markets.

Its parent company, Leadcapital Markets Ltd owns multiple similar ventures such as Forexyard.com, Excellence Option, Prestigeoption.com, and Optionsclick.com.

However, traders from countries like Japan, Canada, and the US, are restricted from joining up to Trade.com.

What does Trade.com offer?

Trade.com is considered to be one of the top CFD and Forex broker in the industry. It offers a total of 55 currency pairings to trade-on including majors, minors, and a few exotics as well. It has a wide variety of investment option as it allows traders to invest in over 2100 companies, 26 global indices, commodities or bonds.

The platform does not have such a wide choice when it comes to cryptocurrencies, which is a compromise for most new-age investors.

(Image credit: Future)

Signing up to Trade.com is pretty easy and the entire process takes only 5-10 minutes. To create an account, go to the signup page, after that, you will need to choose your username, enter your email and create a preferred password. After selecting a default trading currency, your account is set and ready.

The platform offers a demo account to do a test run before risking your hard-earned money. As soon as the registration process is done, you receive £10,000 demo account funds which allow you to experience the platform and process dummy transactions.

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The sign-up process requires the user to provide details such as gross income estimate, basic education background and trading experience. Once you’ve made up your mind to invest with Trade.com, then you can switch to the live account which requires you to fund your account. The account goes live after the identity verification process, which may take up to 24 hours.

There are 4 different accounts that one can sign up differentiated by the initial amount you need to deposit and features available for each:

  • Basic: Minimum fund $100. Offers 24 hours support and trading app for mobile and desktop
  • Classic: Minimum fund $2500. Comes with a dedicated account manager and webinars for training
  • Gold: Minimum fund $10,000. Comes with all features on classic +Premium daily analysis and access to Trading Central
  • Platinum: Minimum fund $50,000. Comes with all features on Gold + Premium customer support

(Image credit: Moneybox)

Platforms

Trade.com has a couple of platforms to trade on. It has its own custom web-based trading platform alongside the industry favored MT4. For the users who prefer trading online then the cloud platform, which doesn’t require any downloads, and is platform-independent, is the way to go. Though custom platforms are fast and easy to operate, they generally do not offer the flexibility and trading options that MT4 offers.

There is a custom mobile platform as well which is built on MT4 and offers an almost similar experience as the desktop platform, though with a few limitations. It does offer access to important details like trading instruments, advanced order types, a favorites watch list, charts and account information. The availability of mobile apps is dependent on your local trading policies.

(Image credit: Future)

Fees and charges

Deposits can be done using credit cards, internet banking, Skrill, Neteller, and Safeguard to deposit funds. Also, the best part is that the withdrawal requests are handled quickly, but do allow for the time requirements of payment intermediaries.

Trade.com charges you an inactivity fee of $25 for a period of 90 days of inactivity. There is an additional charge of $100 for a year of inactivity. Among other fees, overnight swap charges are applicable. The extensive list of charges can be found on the website.

(Image credit: Future)

Support

Trade.com offers support during market hours throughout the week, and you can contact customer support through live chat, email, and direct phone.

Also, Trade.com has set up direct toll-free phone lines in 30 countries for its traders’ convenience. The website is available in 19 different languages. Along with that, you will get support materials for all levels of trader.

Final verdict

The trading platform is fast and responsive, and so is the support

Even though the asset selection on Trade.com is very good, the fees charged by the platform is on the slightly higher side if you don’t plan to be actively trading from month to month. Research is offered on an account with $10,000 and above, which may be a turn off for novices and traders with less experience.

Limited choice in cryptocurrencies can be overshadowed by the wide variety of trading options on offer

Trade Ideas Review – Is This the Best Stock Scanner?

Trade Ideas Review

Summary

Trade Ideas is a standalone stock scanning tool that offers unique market scanners, advanced analysis tools, and artificial intelligence. Trade Ideas is arguably one of the top scanning tools available on the market right now.

About Trade Ideas

Trade-Ideas.com is one of the most popular standalone scanners on the market. The platform provides tons of built-in scans that find unique trading opportunities in real-time. Trade-Ideas Pro (TI) is pretty much the end-all for anyone looking for a non-stop pipeline of ideas during the trading day. It is also flexible enough for users to create their own strategies or a hybrid version that combines the built-in strategies by simply drag and dropping, without ever needing to learn a coding language. TI has evolved through the years and has become much more user-friendly from the get-go, allowing users to step right into it without too much explanation. However, every subscriber is allotted a one-on-one training session with a Trade-Ideas coach to learn the system thoroughly. There are also a ton of videos and tutorials as well. The software can be accessed via browser for convenience and also downloaded as a standalone program for the more hardcore users.

Formed in 2002, Trade-Ideas has evolved from just a market scanner into a full-fledged idea generation platform, serving over 50,000 traders in over 19 countries monitoring the U.S. and Canadian equity markets. The platform integrates artificial intelligence technology to identify what works in the current markets to generate ideas that best fit predictive outcomes. They have a live community chatroom with moderators and a bustling community of active traders. Co-founder Dan Mirkin is an active trader who regularly posts trades on Twitter and is completely in touch with the needs of traders. Unlike a lot of other scanners that tie up massive resources scanning on the user’s computer, TI handles all the processing at their data centers and pushes the filtered stock ideas to the end-user. This is an efficient and streamlined model that results in quicker and more accurate scans. Try crunching over 6,000 stocks on your desktop and see how fast it functions if you don’t believe me.

Pricing Options

The pricing is straightforward. Subscriptions are $99 a month (of $888 for prepaid yearly) for the standard and $188 a month (or $1,888 year) for the premium package. The standard package comes with all the basic scanning tools, including the Channel bar and built-in indicators that can be customized with your preferred settings. They also include charts, alerts, and top lists. All real-time data is included, as well. The premium package contains the entire standard package tool but also includes: Advanced windows, Oddsmaker back-testing, and Artificial Intelligence engine “Holly Grail.”

Trade Ideas Platform Features

As mentioned earlier, the platform has evolved dramatically through the years to become extra user-friendly, especially for the first time user by providing a Channel bar which is a graphic tab-based menu of themes and opportunities you can select to start your scans like Premarket, Trending, Penny Movers, Energy, etc. The graphics make the categories self-explanatory and truly adds to the intuitive nature of the software. The platform can be accessed online via a browser or downloaded as a standalone program. I prefer the standalone platform since everything is integrated smoother and allows for more windows and easier layouts.

Charts

The charts are pretty basic, including bar or candlesticks and common indicators. It’s best to eyeball price action but not much more. Frankly, you should have charting on your trading platform and save the screen real estate for the scans.

Strategy Scanners

TI has built-in strategies, which are the types of pre-configured scans that users can then set additional parameters like minimum/maximum average/relative volume, price range, exchanges, stocks, options, and ETFs. The strategies include Turbo Breaks, Up/Down Big in Pre Market, Rally off of the Bottom, Bullish/Bearish Candle Patterns, Down Big Yesterday, but Up Big Today to unique ones like Short Overextended Up Move- Hold for 45 Minutes 67.7% success. The possibilities of combining strategies are endless.

Alerts

The results of the scans show up in the alerts window, which includes configurable columns that detail the time, symbol, company name, strategy name, price, change, Stocktwits activity, volume, and more. Users can scroll down the window to see the history of the alerts for the day.

Back Tester

The Oddsmaker is the back-test feature available with the Premium subscription. This nifty program will visualize the probabilities of any strategy within minutes. It also allows you to tweak entry and exit parameters to see how the probabilities are affected. This program is a great way to optimize your strategies before you step into a trade.

Artificial Intelligence (AI) Holly

This is a true innovation with the TI platform. Holly is the AI engine that implements 35 Long/Short strategies to select candidates with a historical success rate of 60% and 2:1 profit factor to trade. The AI engine actively stalks the market to execute these trades complete with entries and exits as well as the reason for exits and type of strategy executed. The results are updated in real-time as users can piggyback on the trades or just watch and see. Trades are reviewed in an end-of-day video blog from the Live Trading Room Recap daily. Overnight, Holly will run over a million simulated trades against over 45 different concepts to generate the most viable strategies to utilize the next morning. Holly provides a morning watchlist of the preferred strategies and stocks she will trade for the day and provides them in the AI Strategies Window for traders to follow throughout the day. Holly outperformed the S&P 500 index five-fold with a 52% return versus 10% in 2020.

The platform doesn’t provide a streaming newsfeed but does provide clickable headlines to news releases. This platform is best used as a scanner for technical alerts. If you need a news platform, Benzinga Pro delivers.

Order Entry/Compatible Brokers

Trading Ideas is integrated into the platforms for E*Trade, Scottrade, and eSignal. Interactive Brokers enables auto-trading capabilities for the TI platform.

Training

All new subscribers have the option to schedule a one-on-one training session with a staff member that will guide you through the platform and answer questions. There are a ton of videos available on their YouTube channel and tutorials on the website. Honestly, the platform is not too hard to figure out. Users can read through the definitions of each type of strategy to get an idea of what’s under the hood fairly quickly.

Trade Ideas Brokerage Plus

Trade Ideas released Brokerage Plus in early 2020 as part of the company’s initiative to bring AI-powered trading to retail traders. Traders can add Brokerage Plus to their subscription for an $1100 one-time fee (lifetime license). Traders who have an active premium subscription that was started before November 15, 2020 will get free access.

The $1100 price point is steep, but this may be one of the most innovative tools on the market right now.

Brokerage Plus allows traders to create, test, and automate strategies. While many trading platforms offer back-testing, this is the first time we’ve seen full automation in an easy-to-use platform for retail traders.

Here’s how it works:

Step 1: Connect to Your Broker

Brokerage Plus connects directly to your brokerage account, which allows you to place real trades based on your automated strategy. Currently, Brokerage Plus only connects to Interactive Brokers, but the company plans to create more integrations in the coming year.

Step 2: Create Your Scan

The first step towards automating your strategy is creating a scan. This scan will be used to find the stocks that will be traded using your strategy in the next step. You can use the built-in Trade Ideas scanners or build a custom scan within the platform.

Step 3: Build Your Strategy

Brokerage Plus aims to bridge the gap between scanning and trading.

Stick with me here, as the process isn’t simple, but it’s important to understand before you consider auto-trading.

If you’re familiar with back-testing, you know that you can create a scan, define your entry/exit criteria, and back-test the profitability of your strategy. For example, you could create a scan for stocks breaking above their 52-week highs, define hypothetical entries of 100 shares at the breakout price, and set your exit price to 5% above the entry point. A back-test would test the profitability of this strategy using historical data. The results may show that this strategy yields a 5% profit 70% of the time and a 2% loss 30% of the time. This results in net profitability of 2.9% ((70% x 5%) – (30% x 2%)).

Traders who use back-testing could run these simulations and choose to trade the strategy manually. Brokerage Plus takes this to the next level by offering automatic trading. You can create an entry/exit strategy using the following criteria:

  • Long/Short – Choose whether you want to open long or short trades.
  • Entry Time – Choose the market hours when you’d like to run your strategy (i.e., 9:30AM – 12PM)
  • Position Sizing – Choose your position size using a fixed amount of shares or a flat rate (i.e., 1000 shares OR $5,000 position)
  • Entry Order – Choose what type of order you’d like to use to open a position and enter additional criteria for opening positions (i.e., Open limit order at $0.05 above last price for 60 seconds following the alert)
  • Stop Loss – Choose from a variety of filters to create an automatic stop loss (i.e., fixed price, percentage, trailing stop or indicator)
  • Target – Set your profit target using a variety of filters ((i.e., fixed price, percentage, or indicator)
  • Timed Exits – You can refine your exit plan further by planning time-based exits (i.e., exit 60 minutes after entry, exit at market close, etc.)

The success of this automation relies heavily on the strategy itself. The idea of making money on autopilot is enticing but shouldn’t be mistaken for easy money. Fortunately, Trade Ideas provides three levels of “automation” to help you build a winning strategy. It’s generally in a trader’s best interest to move through these levels sequentially.

  • Manual/Backtesting – This is similar to the back-testing example we discussed above. You can create a strategy, back-test it, and place trades manually.
  • Semi-Automatic – Semi-automatic is the next step up. Semi-automatic trading allows you to execute automated strategies, BUT you need to be the one to pull the trigger on the trade. For example, if Stock $XYZ hits the scan, you could manually trigger your “Buy 5000 Shares” strategy.
  • Fully Automatic – Fully automatic trading is exactly what it sounds like. You create your strategy, and Brokerage Plus will place trades automatically. You still have the option to modify trades (i.e., tighten a stop order), but without your interference, the strategy will execute automatically.

Overall, Brokerage Plus is one of the most exciting innovations for retail traders. We look forward to seeing the evolution of this feature and will report on future updates.

Platform Differentiators

Trade Ideas is the best stock scanner on the market right now. Other platforms can’t even come close to the type of unique intra-day scans or offer the flexibility of combining scans so easily like TI does. Most of the built-in brokerage platform scanners are basic and clunky. Trade Ideas offers an endless variety of pre-built scanners and customization options.

Most importantly, TI does all the processing on their servers and pushes the stock candidates to you rather than using your own computer, which ties up resources, not to mention slows down performance.

Trade Ideas also offers a web version in case you need to access the platform from a computer where you don’t have the platform installed. The web platform isn’t as powerful as the desktop platform (and a bit clunkier), but there’s definitely some value to it.

What Type of Trader is Trade Ideas Best For?

This platform is ideal for intra-day traders that trade pre-market, normal market, and post-market hours. Swing traders may also find some good ideas for short-term swings if they set the time-frame parameters to longer time frames. Momentum and chart-based traders will have their hands full with the non-stop flow of ideas. In fact, the biggest problem is not spreading oneself too thin and hopping on too many alerts. This applies to all scanners. It helps to have a solid trading methodology in place and use the scanner as a pure idea generator to consider adopting the ideas that fit your style.

Wins Trade is an award winning forex and commodities broker, providing trading services and facilities to both retail and institutional clients. Through its policy of providing the best possible trading conditions to its clients and allowing both scalpers and traders using expert advisors unrestricted access to its liquidity, Wins-Trade has positioned itself as the forex broker of choice for traders worldwide.

Why trade with Wins Trade

– Reliable broker

Trading with Wins-trade is a guarantee of trading with an ethical, reputable and dependable broker.
We treat all of our clients equal and fair no matter the size of their investment, all conditions and promotions are offered to all of our clients to insure fairness in Wins-trade.

– Trading experience

At Wins-trade you receive a fair and trustworthy trading experience with a strict no-requotes and no-rejection policy.
more than 99.7% of all trading orders are executed in less than 1 second, our business model relies on providing supreme trading performance where we always strive to make your trading experience unique.

– Safety and Security

At Wins-trade Safety and Security
is a top priority.All clients are insured from negative balance and are protected from any market volatility or risk of losing more than their account balance.

HOW WE CAN HELP YOU:

Forex Market is a highly liquid, decentralized market, where it exceeds on average $5.3 Trillion USD per day in total trading,
Forex Market consists of two tiers: The Interbank and wholesale market, and client or retail market.
The Forex Market is dominated by these currencies: USD dominant vehicle currency traded at 88%, EUR is the second being
traded at 31%, JPY being third at 22%. The major markets are London, New York and Tokyo.

A stock market, equity market or share market is the aggregation of buyers and sellers (a loose network of economic transactions, not a physical facility or discrete entity) of stocks (also called shares), which represent ownership claims on businesses; these may include securities listed on a public stock exchange, as well as stock that is only traded privately. Examples of the latter include shares of private companies which are sold to investors through equity crowdfunding platforms. Stock exchanges list shares of common equity as well as other security types, e.g. corporate bonds and convertible bonds.

Contract for difference nicknamed (CFD) are contracts or commodities that are traded on virtual pricing of physical good such as sugar, wheat, corn, Etc, they tend to be a major role in financial investments as they allow diversification in exchanging and investing in these commodities.

Investing in Contract based tradable commodities tend to be a reliable in mitigating risk for traders and investors, even during times of market volatility and uncertainty, ensuring both the CFD buying and seller against major price movement that may lead to excessive losses.

Energies are a favourable choice in trading and exchanging them, they are extremely volatile as a result of numerous political
factors and environmental factors which effect on them, in cases of economic prosperity the demand for Energies increases,
they are affected on demand and supply bases, be aware that a decrease of consumption can impact energies and lead to
economic stagnation.Besides the environmental causes and political factors, economical changes and extreme whether conditions that result in
damages have great impact on energies as such conditions can result in a decrease or increase of demand for many suppliers
related to these energies, Furthermore, global energy prices are highly affected due to political instability in some segments of
the worlds biggest energy producers such as Gas and Oil.Energy trading such as Gas and Oil are a globalized 24 hour market, with their prices fluctuating which leads to volatile positions and trends, this makes it a perfect instrument for day traders seeking fast market movement and volatility in order to
make the most out of a trade during the day.

Equity indices or stock indices are actual stock market indexes, which measure a segment or in other terms a section of the stock market, equity indices or sometimes called stock indices in other terms are computed from the prices of selected stocks (Usually a weighted average), they are used as a tool by investors and financial managers to compute and describe the stock market and to compare the return on investment on specific investments.

The classification and purpose of indices is to follow and represent the world or global stock market, indices are in general the total computed amount of the stock market placed under one stock indices such as dow jones, S&P 500, NASDAQ and FTSE 100, However, since the stock indices are composed of multiple stocks of companies they can be a ected by a huge move of a specific company or a specific sectore of trade.

Metal Trading such as gold, silver, palladium and platinum are the most popular investment in the financial market, being o ered as a contract based tradable goods, investors and traders generally buy metals such as gold, silver, palladium and platinum to diversify their risk as well as insuring high profits due to these metals being regarded as high value in pips. Gold, silver, platinum and palladium are traded and invested in through the use of future contracts and derivatives, the metal market which consists of gold, silver, platinum and palladiom is subject to speculation and volatility as are other financial markets, but these metals are favourable due to their high value and high return on traders and investors, compared to other precious metals invested in the market, gold has the most e ective and secure having a hedging capability properties around the world.

Crypto Currencies are a favourable choice in trading and exchanging them, they are extremely volatile as a result of numerous supply and demand
factors and environmental factors which effect on them such as mining, trading volume in the market, in cases of demand prosperity the increase for crypto currencies price ascends highly,
they are affected on demand and supply bases, be aware that a decrease of consumption can impact Crypto Currency and lead to
Volatility.

Crypto trading such as Bitcoin and Ethereum are a globalized 24 hour market, with their prices fluctuating which leads to volatile
positions and trends, this makes them perfect instruments for day traders seeking fast market movement and volatility in order to
make the most out of a trade during the day.

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