Explore our comprehensive Trading.com review for 2024, offering a detailed and impartial assessment of this established online brokerage. Discover its regulatory standing, trading platforms, and competitive advantages in the forex markets.
Trading.com broker review
Established in 1997 as XMUK and originally Trading Point, Trading.com is a UK-based brokerage that rebranded in 2019. Regulated by the CFTC and NFA since 2020, they provide a secure trading environment with TLS encryption, fair order execution, and competitive spreads through multiple liquidity providers, without hidden fees.
Regulation
Is Trading.com regulated? Yes, Trading.com is a registered and regulated Retail Foreign Exchange Dealer – RFED with the Commodity Futures Trading Commission – CFTC and a member of the National Futures Association – NFA.
Security measures
- Secure transactions: Encrypted payments with TLS technology protect your financial data.
- Suitable trading: It assesses your experience to recommend appropriate products.
- Fair order execution: They prioritize getting you the best possible trade fills.
- Transparent costs: Clear upfront fees avoid hidden surprises.
- Competitive spreads: They work with multiple providers to keep spreads tight.
Quick insights
How to open an account
Opening a trading account is simple, if you follow the below steps:
- Select a trading.com broker that suits your needs.
- Fill out the online application form with personal details, financial information, and tax identification like SSN or ITIN.
- Upload required documents ID proof, and address proof.
- Complete a questionnaire about your trading experience.
- Wait for account verification.
- Deposit the minimum required amount to start trading.
Trading.com Trading platform
Trading.com provides a range of trading platforms to suit every trader’s needs WebTrader, MT5, and our proprietary mobile app platform.
Trading.com WebTrader
Comprehensive forex trading experience and solution accessible directly from any web browser. No downloads are needed. Enjoy advanced charting, advanced tools, and a customizable interface for seamless trading on any web-enabled device.
Key features
- Centralized hub for forex trading
- One-click order execution
- Trade directly from charts
- Customizable with up to 12 pinned charts
How to access WebTrader: Simply open your web browser no downloads are required. Start trading effortlessly with all features accessible immediately.
MT5 at Trading.com
The preferred platform for traders seeking advanced tools and algorithmic trading capabilities. MT5 offers enhanced features and benefits. It supports netting logic for seamless order processing, without FIFO restrictions.
Key features
- 21 timeframes double that of MT4, and extensive technical indicators.
- Create synthetic currency pairs and custom indices for in-depth analysis.
- Mt5 provides a 64-bit, multi-threaded architecture for faster execution and efficient order processing.
- Millisecond timestamps and historical tick data ensure comprehensive market insights.
- The minimum trade size starts from 100 units, allowing for flexible trading strategies.
How to Access MT5
Mt5 is available as a web-based platform or download for PC and Mac. Follow simple steps to download, install, and connect to your T1 account.
Trading.com mobile app
Discover the Trading.com app for seamless forex trading on the go. Trade anytime, anywhere with a user-friendly interface designed for mobile devices.
Key features
- One-tap trading for quick execution
- Swipe interface for effortless management
- Real-time trade tracking and profit/loss indicators
- Detailed charting tools in landscape mode
How to get the app?
Simply enter your mobile number in the ‘Get App’ field and click to receive download links for Android and iOS versions instantly.
Trading.com T1 account types
Experience the T1 account a comprehensive forex trading solution designed for simplicity and effectiveness. It is your straightforward forex trading solution with cutting-edge features in one package.
Key features
- Currency: USD
- Low average spreads: Yes
- Commission-free: Yes
- Minimum deposit: $50
Benefits of T1 account
T1 is not just a trading account:
- Easily manage account settings and funds.
- News, research, and education portal you can access the latest news and technical analysis.
- In the learning center, you can learn forex trading with tutorials and a glossary.
- With advanced trading tools, you can analyze markets and seize opportunities.
Forex trading review
Trading.com offers 70+ currency pairs from across the globe, ensuring you have access to the markets you want to trade. Trading.com leverage is up to 1:50 trade commission-free with consistently low spreads and absolutely no hidden fees.
| Forex Pair | ||||
| EURUSD | AUDJPY | CADCHF | GBPDKK | EURAUD |
| USDCAD | CHFJPY | EURSEK | GBPSEK | EURCHF |
| EURCAD | EURGBP | USDSEK | GBPSGD | EURHUF |
| USDCHF | EURJPY | NZDCAD | NZDSGD | EURPLN |
| AUDUSD | GBPCHF | NZDCHF | SGDJPY | USDPLN |
| AUDNZD | GBPJPY | NZDUSD | USDCNH | EURNZD |
| AUDCAD | EURDKK | GBPUSD | USDDKK | USDHUF |
| AUDCHF | EURHKD | USDJPY | USDHKD | EURSGD |
Forex trading hours
Three major forex trading hours – USA
| Session | Start time ET | Characteristics | Key currency pairs |
| Tokyo | 19:00 ET | Thin liquidity, Asia Pacific focus | USDJPY, AUDUSD |
| London | 03:00 ET | High activity, lower costs, greater volatility | GBP pairs, EUR pairs |
| New York | 08:00 ET | High liquidity, overlaps with London | USD pairs |
Deposit and withdrawals
- When funding and withdrawing your account, you can choose between Automated Clearing House – ACH payments and Bank Wire – BW transfers.
- Trading.com does not accept debit cards, credit cards, PayPal, or Western Union for account funding due to applicable U.S. regulatory requirements.
Fees and commissions
Does trading.com have fees? No fees are for ACH payments, and funds typically take 1-3 business days to arrive.
Bank wire transfers
- There are no restrictions on deposit via bank wire.
- Deposits under $250 incur a fee of $13.
- Deposits of $250 or more are free of additional charges.
- Processing time for bank wire transfers is 2-5 business days.
- Your bank may also charge its fees, so it is advisable to check with them.
Forex pricing
They provide two prices for currency pairs. The ‘bid’ is the highest price a buyer is willing to pay in the market, while the ‘ask’ is the lowest price a seller is willing to accept.
| Forex Pair | Minimum price fluctuation | Spreads as low as | Average spreads |
| EURUSD | 0.00001 | 0.00009 | 0.00012 |
| USDCAD | 0.00001 | 0.00015 | 0.00019 |
| EURCAD | 0.00001 | 0.00034 | 0.00035 |
| USDCHF | 0.00001 | 0.00017 | 0.00023 |
| AUDUSD | 0.00001 | 0.00009 | 0.00012 |
| AUDNZD | 0.00001 | 0.00037 | 0.00039 |
| AUDCAD | 0.00001 | 0.00025 | 0.00027 |
| AUDCHF | 0.00001 | 0.00033 | 0.00035 |
| EURAUD | 0.00001 | 0.00037 | 0.00039 |
| EURCHF | 0.00001 | 0.00021 | 0.00024 |
Roll over rates
Overnight costs: Holding forex positions overnight incurs rollover fees, also known as swap fees.
Interest rate differential: These fees are based on the difference in interest rates between the two currencies in a forex pair.
Dynamic rates: Rollover fees change daily based on current interest rates.
| Forex pair | Long rollover rate in points | Short rollover rate in points |
| EURUSD | -6.57 | 3.23 |
| USDCAD | 1.71 | -6.09 |
| EURCAD | -6.81 | -1.41 |
| USDCHF | 8.87 | -11.83 |
| AUDUSD | -4.24 | -0.36 |
| AUDNZD | -5.12 | 1.58 |
| AUDCAD | -2.58 | -2.38 |
| AUDCHF | 3.31 | -6.99 |
| EURAUD | -5.37 | 0.13 |
| EURCHF | 3.93 | -9.57 |
Pros and cons of Trading.com
| Pros | Cons |
| Well-regulated by the CFTC and NFA | Relatively new to the US market |
| MetaTrader 5 desktop and mobile platforms, as well as a web terminal, are available. | No social trading integration |
| Leverage of up to 1:500 allows for higher profit potential. | – |
| Intuitive and customizable web and mobile platforms for easy trading on the go. | – |
| Competitive forex spreads and deep liquidity across 70+ currency pairs. | – |
| Advanced charting tools and technical indicators for in-depth market analysis | – |
| 24/5 multilingual customer support for assistance | – |
Customer support
If you have questions about the platforms and services, need assistance with your account, or have general inquiries, a dedicated support team is available around the clock, five days a week.
- Live chat
- Email – support.us@trading.com
- USA Tel.: 1-833-FX1-0250
Conclusion
Trading.com offers a user-friendly platform with a variety of features for beginner and experienced traders alike. Competitive fees, low spreads, and multiple account options make it a well-rounded choice for forex trading.
Pro Tip
Are you ready to begin trading with Trading.com? Open your account today and discover the benefits of competitive spreads and reliable service with our trusted forex broker. Expand your trading expertise across stocks, bonds, CFDs, and cryptocurrencies.
FAQs – Frequently Asked Questions
1. Is trading legal in the USA?
Yes, trading is legal in the USA
2. Is trading.com broker legit?
Yes, Trading.com is a legitimate broker regulated in the USA.
