Trades.com

Trades.com is a multi-asset brokerage that presents itself as offering access to over 100,000 instruments across forex, CFDs, commodities, stocks, and cryptocurrencies. The firm is registered in Cyprus and, according to its own marketing materials, was founded in 2009, though our records show a registration date of 10 April 2019. This discrepancy in founding history is a point of caution for prospective clients.

The broker claims to serve 100,000 customers across 125 markets, operating under the corporate entities Trade Capital Markets Ltd and Livemarkets Limited. However, as of our research, no regulatory licences from any credible authority are on file, which elevates the counterparty risk considerably.

Our verified records indicate that Trades.com does not hold any regulatory licences. The absence of oversight from a financial regulator means that traders have no recourse to a compensation scheme or ombudsman in the event of a dispute. Cyprus is a jurisdiction known for CySEC-regulated brokers, but Trades.com is not listed on the CySEC register.

Without regulation, the broker is not required to adhere to segregation of client funds, negative balance protection, or regular reporting standards. This lack of accountability places a heavy burden on the trader to perform due diligence. FXCanary's scam risk score of 75/100 reflects the severe risk associated with unregulated brokers, particularly those with high minimum deposit requirements.

Trades.com offers four account tiers, all with substantial minimum deposits. The Bronze account requires a minimum deposit of $5,000, Silver $25,000, Gold $100,000, and Platinum $200,000. These thresholds are exceptionally high – most retail brokers offer entry-level accounts with deposits under $500. The high minimums suggest the broker targets wealthy or institutional clients, but the lack of transparency on maximum leverage and spreads is concerning.

The account names (Bronze, Silver, Gold, Platinum) are typical of premium-tier structures, but without details on the specific benefits or fee reductions at each level, it is difficult for traders to assess value. The maximum leverage is not indicated, which is an unusual omission for a leveraged trading provider.

The broker advertises MetaTrader 4 (MT4) and a proprietary WebTrader platform. MT4 is widely used in the industry and known for its charting tools and automated trading capabilities. However, no information is provided on whether the broker offers MT5 or mobile apps. The WebTrader is likely a browser-based solution for quick access.

In terms of instruments, Trades.com claims to provide over 100,000 trading symbols, spanning forex, CFDs, commodities, equities, and cryptocurrencies. This is an unusually large number – most brokers offer a few thousand at most. It is unclear how the broker sources liquidity for such a vast product range or whether some instruments are synthetic or have limited liquidity. Traders should verify the actual availability of specific assets before committing funds.

Given the high minimum deposits and unregulated status, Trades.com appears to target high-net-worth individuals and experienced traders who are comfortable with elevated risk. The broker's marketing emphasises a broad product range and premium account tiers, which may appeal to those seeking a one-stop solution for multiple asset classes.

However, the lack of regulatory oversight and the significant discrepancy in the claimed versus recorded founding date raise red flags. Beginner or risk-averse traders are strongly advised to avoid this broker. Even for seasoned traders, the absence of a regulatory safety net means that any funds deposited are exposed to potential mismanagement or fraud.

No specific information about funding methods or withdrawal policies is available from our known facts. Most brokers in this space offer bank wire, credit/debit cards, and e-wallets, but we cannot confirm for Trades.com. The absence of transparent payment details is another warning sign.

Traders should be cautious: unregulated brokers sometimes impose hidden fees, lengthy withdrawal processing times, or arbitrary rejection of withdrawal requests. Without a regulator to enforce fair practices, the client has limited leverage if issues arise. We recommend contacting the broker directly to request written terms before depositing any funds.

Trades.com presents itself as a comprehensive brokerage with a vast array of instruments and premium account tiers. However, our research reveals critical red flags: no regulatory licences, a discrepancy in founding date, extraordinarily high minimum deposits, and a lack of transparent trading conditions. The severe scam risk score underscores the dangers of engaging with this entity.

While it is possible that the broker operates legitimately on a small scale, the available evidence does not support a positive recommendation. Traders are urged to prioritise regulated brokers with a track record of client protection and clear disclosure. For those considering Trades.com, extreme caution and independent verification of every claim are essential.