A Broker For All Levels of Traders
In the past, you had to pick up the phone and call a broker if you wanted to trade forex. You had to trust that he or she would be both honest and place your orders ASAP.
Today we can do this right from our own computer or smartphone using broker websites. This gives us more control than ever before with direct access to our accounts and trades. We are going to take a look at and review one of the most popular broker sites on the web.
Overview
Whether you are a beginner, amateur, or professional forex trader, trade.com online trading has an account for you. They offer three levels of live accounts with a minimum deposit of 100$. In addition to these live accounts, there is a practice account available to you as well.
For those looking to hone their skills or test the waters without having to fully commit, Trade.com offers users a chance to do this with the practice account. It receives many of the same benefits as the classic live account (details below) but does not come with any risk because you are using practice funds.
For beginning forex traders, you can get started with a live classic account with a $1000 deposit. This gives you access to video guides, a daily market review, and a personal agent to manage your account. In addition, you will have access to webinars and seminars to help you learn the tricks of the trade.
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If you have experience with forex but are not quite on a professional level, a good option would be their live gold account. A gold account requires a minimum deposit of at least $5000. This account level has access to all of the perks given to classic accounts. It also grants you access to trading central and will give you a premium daily report. Trading central is an analysis tool that is used to research trends and market history that is used to help traders to determine otherwise unseen opportunities.
Last, but certainly not least, the live platinum account option is for professional traders. This account has a minimum of $25,000, so you better have your big boy pants on. Included with this account are all of the offerings of the classic and gold account but as a bonus, you will receive premium customer support.
Their customer support runs 24 hours per day and operates in 30 different countries. Depending on which you prefer, customer support can be reached through the phone, their website, or even direct email.
Final Thoughts
Trade.com is a forex brokerage website that allows traders of all budgets to partake. Whether you have $1000 or $25,000 – or even if you are just looking to practice with a virtual $100,000 – there is an account available for you. Most brokerage websites only focus on high-end clients, but Trade.com allows you to get your feet wet without breaking the bank while still providing options for professional traders.
