Trading.com Review 2020

Trading.com is a UK based regulated brokerage offering online trading of Forex and CFDs via the sophisticated and powerful MetaTrader 5 platform with competitive spreads, execution speeds and no commission fees. Despite this, the broker does not have any educational materials to help beginner traders, no daily market analysis and no social trading platforms are integrated.

Trading.com Review 2020, Pros & Cons
  • Regulated broker
  • 1,250+ trading instruments across global markets
  • Commission free trading
  • Negative balance protection
  • Dedicated support 24/5
  • Financial Services Compensation Scheme
  • VPS service
  • Not the lowest spreads
  • No cryptocurrency trading
  • No MetaTrader 4 platform
  • No social trading integration
  • No daily market analysis
  • Lack of educational resources
  • No US clients

In this detailed Trading.com review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Trading.com is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Trading.com.

Trading.com Review: Summary

Trading.com offers access to 1,250+ global markets all from one place with simple and straight forward online trading. One account gains access to flexible and user-friendly platforms for trading with competitive spreads, no commissions, no re-quotes and no rejection of orders. The broker has invested heavily in technology and innovation to meet the needs of the modern trader. They state that they execute over 99% of orders in less than 1 second. A 24/5 customer support team is on hand to assist traders as and when necessary.

  • Simple and straightforward trading
  • Competitive spreads and no commissions
  • Trade 1,250+ global markets from a single account
  • No hidden fees or conditions
  • Dedicated support 24/5

Trading.com Review: Regulation

Trading.com is a brand name of Trading Point of Financial Instruments. They also offer the brand XM Group. You can read our XM Group review for more details. Trading Point of Financial Instruments UK Limited is authorised and regulated by the Financial Conduct Authority (FRN: 705428). As a licensed and regulated financial institution, the broker safeguards their business by adopting various procedures including:

  • Strict regulation
  • Member of the Financial Services Compensation Scheme
  • Implements an automated system for monitoring funds transactions and risk management
  • Ensure safety and security with Secure Socket Layer (SSL) technology
  • Following the Markets in Financial Instruments Directive (MiFID)
  • Best execution policy for executing trading orders on terms most favourable to clients

Trading.com Review: Countries

Trading Point of Financial Instruments UK Limited provides services only to residents of the European Economic Area (EEA).

Some Trading.com broker features and products mentioned within this Trading.com review may not be available to traders from specific countries due to legal restrictions.

Trading.com Review: Trading Platforms

Trading.com Review: Trading Platforms

Trading.com Review: Trading Platforms

The Trading.com MT5 platform gives you instant access to 1,250+ markets that you can trade anywhere, any time, on mobile, desktop and tablet devices. The desktop version has the most functionality whereas the web-based platform runs directly in the browser without needing to download or install any additional software. The mobile trading platform runs on iOS & Android and is useful for those who need to access their account and trade whilst on the go. From the platforms you can conduct chart analysis, place and manage orders. The order types supported are Market Orders, Stop Orders, Stop Limit Order and Limit Orders. Platform features include:

  • Trade 1,250+ markets
  • Spreads from 0.6 pips
  • Integrated EA functionality
  • Customisable user interface
  • Support for multiple order types
  • Multiple chart timeframes & chart styles
  • 80+ technical analysis tools
  • 1-click trading
  • No re-quotes or rejections
  • Price alert notifications
  • Economic Calendar

Trading.com Review: Trading Tools

Forex Calculators

Trading.com Review: Forex Calculator

Trading.com Review: Forex Calculator

Trading.com have a selection of useful forex calculators that can help you plan for your trading decisions. They can do the work for you by automatically calculating important values such as required margin, swaps, stop loss and take profit levels, and much more.

VPS

A virtual private server (VPS) allows you to run your trading platform remotely on a server 24/7 without needing your computer switched on. These are frequently used by traders who need to run automated trading systems around the clock.

Clients who maintain a minimum amount of (Equity-Balance) $5,000 or equivalent in other currency are eligible to request a free VPS from the Members Area at any given time on the condition they trade at least 5 round turn lots per month.

Clients who do not meet the above criteria can still request a VPS from the Members Area for a monthly fee of $28, which will be automatically deducted from their account on the first day of each calendar month.

Trading.com Review: Education

At the time of writing this review there were no additional educational materials available on the Trading.com website although they do state that there are some planned in the near future. The trading brokers review team would like to see some trading guides, tutorial videos, webinars, etc. These can be very useful to help beginner traders improve their trading knowledge and skills.

Economic Calendar

Trading.com Review: Economic Calendar

Trading.com Review: Economic Calendar

You can keep your eyes peeled for upcoming events that could have an impact on the various markets around the globe with the Trading.com Economic Calendar. This can be used to filter out the noise and focus on the most important economic events that can directly impact your trading. It allows you to discover which events are coming up and how impactful they may be. You can also see previous results and the expectations for upcoming data releases.

Trading.com Review: Trading Instruments

Clients can trade 1,250+ markets from a single account. Trading.com offer Forex, CFDs on Stocks, Equity Indices, Commodities, Metals, Energies. Trading.com trading hours are between Sunday 22:05 GMT and Friday 21:50 GMT. When their dealing desk is closed, the trading platform does not execute trades and its features are only available for viewing.

  • Forex – Trade 50+ Forex pairs including EURUSD, USDJPY and GBPUSD with low spreads direct from the interbank market.
  • Stocks – Trade CFDs on the Stocks of 1,000+ global companies including tech giants Apple, Amazon, Facebook and Google.
  • Commodities – Trade CFDs on Agricultural Commodities including popular markets
    like Coffee and Sugar.
  • Indices – Take a position on popular stock markets by trading Equity Indices including the Dax, Dow, FTSE and Nasdaq.
  • Metals – Trade Gold, Silver and a range of other Metals while benefiting from competitive execution and spreads.
  • Energies – Take a position on popular Energies like Oil and Gas by trading active markets including WTI, Brent and Natural Gas.

Trading.com Review: Trading Accounts & Fees

Trading.com have simplified the trading experience by enabling traders to access all markets from a single account, on any device, from anywhere in the world. They aim to give traders the best available price every time by keeping spreads low and not charging any commission. You can choose between the ultra-low standard account or the ultra-low micro account.

Ultra-Low Standard: 1 standard lot is 100,000 units of the base currency
Ultra-Low Micro: 1 micro lot is 1,000 units of the base currency

Spreads are variable and on majors start from 0.6 pips. This is higher than some other online brokerages who use raw spreads direct from liquidity providers but who will also charge a commission on top. If a spread mark-up would be suitable for you can depend on the trading strategy that you are using. For instance, some scalping strategies may require tighter spreads.

The minimum deposit required is $5 and leverage from 1:1 up to 1:30 is available. Unlike the usual standard practice of a two-day rollover, Trading.com applies a 3-day rollover strategy for positions held open over the weekend or overnight.

The broker provides free demo trading accounts if you would like to try out the platforms and practice your trading strategies with $100,000 in virtual funds. You can open a total of 5 demo accounts. Demo accounts do not have an expiry date, and so you can use them as long as you want. Demo accounts that have been inactive for longer than 90 days from the last login will be closed. However, you can open a new demo account at any time. While all features and functions of a real account are also available for a demo account, you should keep in mind that simulation cannot replicate real trading market conditions. One relevant difference is that the volume executed through the simulation does not affect the market; while in real trading volumes have effect on the market, especially when the deal size is large. The psychological difference between demo and real trading is also worth considering as factors such as fear, anger and greed may have an impact.

Trading.com are a Muslim friendly broker that supports swap-free accounts that comply with Sharia law. You can request a swap-free Islamic account if required.

As broker fees can vary and change, there may be additional fees that are not listed in this Trading.com review. It is imperative to ensure that you check and understand all of the latest information before you open a Trading.com broker account for online trading.

Trading.com Review: Customer Service

The trading.com support team are always there when you need them, offering dedicated support 24 hours a day, 5 days a week. You can contact support via live chat, telephone and email. They are happy to answer all types of questions in a prompt and friendly manner, including any general, account or technical questions.

Trading.com Review: Deposit & Withdrawal

Trading.com support deposit and withdraw of funds via bank transfer, credit/debit card and multiple electronic payment methods. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.

The broker does not charge any fees for their deposit/withdrawal options. However, some additional fees may be charged when using certain payment methods. All deposits are instant, except for the bank wire transfer. All withdrawals are processed by the brokers back office in 24 hours on business days. The withdrawal time can vary depending on the country, payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.

Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. Trading.com strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your Trading.com account.

Accounts can be opened EUR, USD, GBP, CHF,‎ AUD, PLN, HUF. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. You can deposit money in any currency and it will be automatically converted into the base currency of your account, by Trading.com prevailing inter-bank price.

Trading.com Review: Account Opening

To open a real live trading account with Trading.com, there is a 3-step online registration form to complete on the brokers website. It will take around 5 minutes to fill out the form where you will need to provide some basic personal information and choose your account type. In order to fund your account, you will need to provide some forms of identification to get it verified, this can be a passport and utility bill. Once your account has been verified by the accounts team, you will be able to fund it and start trading online.

Trading.com Review: Account Registration

Trading.com Review: Account Registration

Trading.com Review: Conclusion

Trading.com offer simple and transparent trading services with a generous selection of trading instruments across multiple asset classes and competitive trading conditions. The MT5 platform is packed with useful features and suitable for all experience levels. The minimum deposit required to open a trading account is just $5 and leverage is limited to 1:30. Whilst being a regulated brokerage, they do not have the lowest spreads but in turn do not charge a commission fee. We would like to see them provide some educational materials, daily market analysis and social trading features in the future.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Min $5 Deposit

Trading.com is a regulated brokerage offering online trading of Forex & CFDs via the MT5 platform with competitive spreads, execution speeds & no commissions. They do not have any educational materials, daily market analysis or social trading platforms integrated.