Trade Capital Markets Review: Is It the Right Company for You?

Trade Capital Markets Review, Are you considering doing business with Trade Capital Markets? Before you jump in, it’s important to do your research. This comprehensive Trade Capital Markets review will cover everything you need to know about TCM, including its regulatory standing, trading venues, account options, fees, and more. Whether you’re new to trading or not, read on to discover if TCM is the right broker for you.

Trade Capital Markets – Security and Regulation

Let’s talk about Trade Capital Markets (TCM). This is a subsidiary of Trade Capital Holding Limited that has come under scrutiny due to customer fusses about withdrawal issues. TCM is an investment company that performs under the oversight of the Cyprus Securities and Exchange Commission (CySEC). Besides, their branch, Lead Capital Global Ltd, is registered with the Financial Sector Conduct Authority (FSCA) in South Africa as well as the Financial Services Commission (FSC) in Mauritius. 

While the CySEC and FSCA registers confirm the legitimacy of TCM’s regulation claims, the offshore branch is mostly unregulated. To minimize risks, we suggest opening an account with Trade Capital UK. This one is regulated by the Financial Conduct Authority (FCA), the most stringent Tier 1 regulator. In this Trade Capital Markets review, we will mostly focus on the CySEC/FSCA/Mauritius domain of TCM, as this is where clients have reported issues.

Keep in mind that besides Trade Capital Markets, you can also consider other reliable brokers like Blackwell Global and many others.

Trade Capital Markets – Trading Platforms

Trade Capital Markets aka TCM offers its clients three trading venues – MetaTrader 4, MetaTrader 5, and WebTrader. All of these venues can be accessed from the broker’s website. MetaTrader 4 is available on both desktop and mobile phones, while MetaTrader 5 is only available for Windows and MAC. Meanwhile, WebTrader is a web-based platform, so no download is needed.

MetaTrader platforms are famous for their advanced qualities and tools. These tools allow individuals to conduct in-depth analysis, utilize bot trading, access multiple timeframes, and receive live market reports, among other things. With a UI-friendly interface, speedy execution, and reliable performance, these platforms are popular around the world.

While WebTrader is a relatively basic platform, TCM has put some effort into developing its web-based terminal. They did it to provide you with more charting and graphing options, making it slightly above average compared to other brokers.

Trade Capital Markets – Accounts Types

Trade Capital Markets (TCM) offers 4 types of accounts with differing minimum deposit requirements. These are Micro ($10), Plus ($5,000), PRO ($50,000), and ECN PRO ($100,000), with the latter only available upon request. 

Spreads and commissions are clearly outlined for benchmark instruments across asset classes. However, it’s important to note that TCM offers a very high leverage of up to 1:290. This is a clear indication that it’s either the South African or the offshore Mauritius branch. 

While such high leverage can potentially bring significant profits, it’s also associated with substantial risks and losses. It’s advisable to be cautious when dealing with high leverage and always trade responsibly. This goes without saying, by all means. 

Trading Instruments

Here’s what TCM has for us in terms of trading instruments! There are FX pairs – EUR/USD, AUD/CAD, NZD/CHF, and more, totaling 48 distinct currency pairs to trade with. TCM also offers crypto trading for Bitcoin, Ethereum, and Cardano, as well as commodity trading with gold, crude oil, coffee, and others. 

People can also invest in a mixture of shares, such as Barclays, Intesa, and Apple, among others. Likewise, the broker provides the opportunity to trade with several ETFs, including ACES, MTUM, QQQ, and more. Ultimately, TCM offers bond trading with many government bonds, such as Gilt10y and GER10yBond. So, we can see the broker provides a broad selection of trading tools, catering to the needs of various traders.

Note: People and businesses that advertise trading systems, such as automated trading software, may sell products that are untested and fail to produce positive outcomes.

Deposits and Withdrawals

If you want to trade with TCM, it’s vital to know that they accept several payment options to make it easier for you to deposit and withdraw funds. You can use credit or debit cards, wire, or Skrill and Neteller. 

The good news is that TCM doesn’t charge any deposit or withdrawal fees. Yet, please note that when you pay with cards, the payment is processed by ECOMMBX Ltd from Cyprus. It’s worth mentioning that the broker’s withdrawal policy is not available on the website of the Global (offshore) branch. Besides, it’s important to keep in mind that the welcome bonus offered by Global is prohibited in the UK and ESMA’s territory.

Offering multiple payment options is crucial for brokers. Why? Well, it provides flexibility for their clients in deciding on a payment method that best suits their needs. 

Clients come from different parts of the world and have their preferred payment methods. Thus, having multiple payment options ensures that people can deposit and withdraw funds seamlessly. This also lessens the likelihood of people turning to other brokers who offer more payment options. Likewise, including different payment options can help attract new clients and increase overall customer satisfaction.

Also, keep in mind that InstaForex is another regulated broker that you can check out. 

Education and Resources

After conducting research, it seems that Trade Capital Markets (TCM) does not offer a substantial amount of educational resources on its website. There is no dedicated educational section on the TCM website, and the broker offers only a few basic trading guides. It is important to note that educational resources are essential for new traders to learn the basics of trading. 

For instance, that may be technical analysis, risk management, and trading psychology. These resources also provide experienced traders with new trading strategies and market analysis. So, brokers who offer broad educational resources are doing the right thing.  These resources can help you develop your skills and make better-informed trading decisions. This goes without saying.

Customer Support

Trade Capital Markets (TCM) offers client support through multiple channels, including email and phone. Clients can contact the broker’s support team via email at [email protected]. TCM also provides phone support in various regions. The phone numbers for the different regions can be found on the broker’s website under the ‘Contact’ section.

Customer support is a critical aspect of any broker’s service. It is the primary point of contact between the broker and the trader, and it can make or break a trader’s experience with the broker. A broker with poor customer service can leave traders feeling lost, frustrated, and unsupported. On the other hand, a broker that prioritizes support can create a positive trading experience for its clients.

Good customer support includes prompt and efficient replies to customer inquiries, a knowledgeable and helpful team, and accessibility through many channels. TCM’s customer support team is available 24/5 to assist traders with their queries, providing them with fast and helpful assistance when needed. All in all, TCM offers good customer support through email and phone, ensuring that their clients have multiple ways to get in touch.

Final Verdict

Trade Capital Markets (TCM) is a broker delivering many trading instruments, including FX, indices, commodities, shares, crypto assets, ETFs, and bonds. The broker provides traders with the MetaTrader 4, MetaTrader 5, and WebTrader trading platforms, which include a variety of progressive tools and features. 

Yet, their WebTrader platform is relatively basic compared to their other trading platforms. What’s more, TCM offers four types of accounts, including Micro, Plus, PRO, and ECN PRO, with high leverage up to 1:290, which can be a sign of the South African or Mauritius branch. 

The broker accepts varied payment methods, including bank cards, wire transfers, Skrill, as well as Neteller, and allegedly does not charge deposit or withdrawal fees. Speaking of support, TCM provides client support via email and phone, but their educational resources are limited, which could be a disadvantage for traders who require thorough educational help. Overall, this is a safe and reliable company.

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