Trades.com Review (2023)

About Trades.com

🗺️ Registered in	No Registration
🗺️ Type of License	No License
🛡️ Is Trades.com safe to trade	No
🗺️ Recommended Licenses	FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative Broker	GO Markets - licensed by ASIC in Australia

Trade.com is as mentioned on the official company website is the global forex and CFD’s provider that gives a possibility to build a varied and robust portfolio. “Diversify your trading and minimize any potential risks, with a broad choice of financial trading products. Trade with no commission, and benefit from highly advantageous trading terms, including versatile leverage (Also read our review on MEX Exchange to know more about it’s leverage), low margin and tight spreads (Low Spread Forex Brokers), along with employed strictest measures to ensure the safety and privacy of account. We also regularly submit financial reports to the regulators to prove that we hold sufficient capital to cover all client balances.”

All that, of course, sounds good, but the main issue is that the broker’s name and offering is a confusion, since there is a well-regulated and a quite big broker TRADE.COM. This broker is internationally recognized and known, while the trades.com changes only a letter and is, in fact, a non-legal, non-licensed entity that strives only to attract clients. What the broker can do after we can just guess, but definitely it seems to be fraud. Unauthorized firms promoting hardly the Forex and trading investment itself, however, traders should be careful since that company concert is just to take money from the public.

This is actually a common practice among scam brokerages to use the tactic to pretend another, authorized firm so traders should be especially wary while deciding to deposit funds or engage in trading with a particular company. The first and the major step is to check the registration of the company, while mostly all respected authorities publish an online listing with an open access to all users, with a purpose to check the current status of the firm or another.

Conclusion

As one of the most important things when choosing a broker is whether it is licensed or overseen by any of the financial authorities. Generally, we recommend trading with financial services providers licensed by one of the most respected financial regulators – the Financial Conduct Authority. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets, HotForex and Infinox (Read about Infinox broker here).