Smart Trading With Trade.com Challenges
Trade.com Challenges offers a diverse range of trading instruments, including commodities, currencies, cryptocurrencies, indices, and stocks. It stands out with its clear and simple trading rules, advanced market insights, and no monthly fees, providing a unique platform for traders.
Expert Reviewer Verdict
Trade.com Challenges is an excellent choice for traders seeking a straightforward and efficient trading experience. Its key advantages include clear and simple trading rules, a variety of market insights, and advanced trading tools such as the Trade Copier. With no monthly fees and the option to bypass evaluation challenges, it caters to both beginners and seasoned professionals. Ideal for those looking for a secure, well-supported trading environment with high profit potential and excellent educational resources.
Pros and Cons
Pros
- Clear & Simple Trading Rules
- Market Insights & Trading Tools
- No Monthly Fees
- Trade Copier Feature
- No Evaluation Challenges
Cons
- No Mobile Trading Platforms
- Requires Overnight Funding Fees
Trust and Safety
Is Trade.com Challenges Legit and Safe?
Trade.com Challenges ensures a high level of trust and security for its users. The platform is designed to be secure and legitimate. To prevent fraud, Trade.com Challenges employs cutting-edge encryption techniques to protect personal and financial data. Enhanced authentication methods are also in place to prevent unauthorized access, ensuring that only legitimate users can operate their accounts.
In terms of fund security, Trade.com Challenges provides secure payment methods and prompt payouts, prioritizing the safety of client transactions. Flexible payment options, including credit cards and cryptocurrencies, add an extra layer of security and convenience. The firm’s dedication to robust encryption and authentication methods reinforces its commitment to offering a safe and trustworthy trading environment for all users.
Tradable Instruments
Diverse Trading Options
Trade.com Challenges offers a broad selection of tradable instruments across various asset classes, catering to a wide range of trading preferences. Users can trade commodities, currencies, cryptocurrencies, indices, and stocks, providing ample opportunities to diversify their portfolios and explore different market dynamics.
With over 1000+ assets available, traders can find numerous market opportunities that align with their strategies and risk appetite. This extensive range of instruments allows both novice and seasoned traders to tailor their trading activities according to their expertise and interests. Whether you’re interested in the volatility of cryptocurrencies, the stability of indices, or the variety offered by stocks, Trade.com Challenges has something to suit every trader’s needs.
|
Trading Instrument |
Available |
|
COMMODITIES |
Yes |
|
CURRENCIES |
Yes |
|
CRYPTOCURRENCIES |
Yes |
|
ETF |
No |
|
FUTURES |
No |
|
INDICES |
Yes |
|
STOCKS |
Yes |
|
BONDS |
No |
|
OPTIONS |
No |
Account Types
Flexible Account Options For All Traders
Trade.com Challenges offers a variety of funded account types tailored to meet the needs of both novice and experienced traders. Users can choose from accounts with funding levels of $10,000, $25,000, $50,000, $100,000, and $200,000. Each account type is designed to accommodate different trading strategies and risk tolerance.
Trade.com Challenges provide both Standard and Instant Challenges where each one of them offers a variety of funded account types. Standard Challenges require an initial evaluation phase at a lower price, where Instant Challenges bypass the evaluation phase enabling instant profit payouts.
The trading rules are straightforward, with clear objectives to help traders stay disciplined. Participants must trade for a minimum of 4 days and achieve a 10% profit. Daily loss limits are set at 5%, with a maximum loss limit of 10%. These rules ensure traders maintain consistent performance and risk management practices.
Profit targets are set at 10%, and traders who successfully meet these targets can earn up to 80% of the profit target. This high-profit share is an attractive feature for traders aiming to maximize their earnings.
Trade.com Challenges’ account types offer a balanced approach to trading, combining achievable profit targets, clear trading rules, and generous profit shares to create a supportive and rewarding trading environment.
|
Account Type |
Available |
|
DEMO ACCOUNT |
No |
|
ISLAMIC ACCOUNT |
No |
|
SEGREGATED ACCOUNT |
No |
|
MANAGED ACCOUNT |
No |
|
SUITABLE FOR BEGINNERS |
Yes |
|
SUITABLE FOR PROFESSIONALS |
Yes |
|
US TRADER |
No |
Commission and Fees
Transparent and Competitive Fees
Trade.com Challenges is committed to offering traders a transparent and competitive fee structure, ensuring a cost-effective trading experience.
Account Minimum
The minimum deposit to open an account with Trade.com Challenges is $99, which provides a $10,000 funded account.
Trading Fees
Trade.com Challenges charges competitive spreads that vary throughout the day, depending on the asset and trading market conditions.. There are no additional trading fees beyond these spreads.
CFD Fees
For CFD positions held overnight, traders will incur overnight financing fees. These fees vary depending on the specific instrument and prevailing market conditions.
Forex Fees
Forex trading fees at Trade.com Challenges are built into the spreads, which fluctuate based on market conditions, liquidity, and the specific currency pairs traded.
Futures Fees
Trade.com Challenges does not charge any fees for trading futures.
Account Fee
There are no account maintenance fees charged by Trade.com Challenges.
Inactivity Fee
Trade.com Challenges does not charge any inactivity fees.
Withdrawal Fee
Withdrawals are free of charge, ensuring traders can access their funds without incurring additional costs.
Overnight Funding Fee
Overnight funding fees, also known as swap rates, apply when holding positions overnight. These rates can be positive or negative, depending on the interest rate differences between the currencies involved.
Currency Conversion Fee
Currency conversion fees apply when trading currencies different from your funded account currency.
Trading Platforms
Powerful Trading Solutions
Trade.com Challenges offers a versatile and user-friendly trading platform designed to meet the needs of various traders.
Mobile Trading Apps
Currently, Trade.com Challenges does not provide mobile trading apps for Android or iOS devices, focusing instead on their robust platform.
Web Trading Apps
Trade.com Challenges features a powerful WebTrader platform, allowing traders to execute trades directly from their web browsers without the need for additional downloads. This platform is equipped with advanced trading tools and market insights to enhance the trading experience.
Desktop Trading Apps
Trade.com Challenges does not offer a dedicated desktop trading application. However, the availability of the MT5 platform ensures that traders have access to a reliable and widely-used trading environment.
|
Trading Platform |
Available |
|
MT4 |
No |
|
MT5 |
No |
|
CTRADER |
No |
|
PROPRIETARY |
Yes |
|
Desktop and Web Platform |
Available |
|
DESKTOP WINDOWS |
No |
|
DESKTOP MAC |
No |
|
WEB PLATFORM |
Yes |
|
Mobile Platform |
Available |
|
ANDROID |
No |
|
iOS |
No |
Unique Features
Standout Tools and Services
Trade.com Challenges offers a range of unique features that set it apart from other prop trading firms. The platform provides market insights powered by Trading Central, ensuring traders have access to valuable analysis and information. The EdgeX & EdgeZone Indicators further enhance market analysis capabilities, helping traders make informed decisions.
One of the standout features is the Trade Copier, which allows users to seamlessly operate multiple challenges through a single master trading account. With this feature, traders can purchase more than one challenge, and multiply their earnings potential. Additionally, the Instant Challenges enable traders to bypass the evaluation process, allowing them to start earning profits immediately. The platform also offers extensive free educational materials, supporting traders in their journey to improve their skills and knowledge. These features collectively create a comprehensive and user-friendly trading experience.
Research and Education
Empowering Traders With Knowledge
Trade.com Challenges is dedicated to empowering traders through extensive educational resources and research tools. The platform offers numerous educational materials via the Trade.com hub, including videos, strategies, and add-ons to assist traders in their journey. This hub is continuously updated with new content, ensuring that traders have access to the latest information and techniques.
Market insights powered by Trading Central provide valuable analysis, helping traders stay informed about market trends and opportunities. These tools are designed to cater to both beginners and experienced traders, supporting their growth and enhancing their trading skills. By offering comprehensive educational resources and cutting-edge research tools, Trade.com Challenges fosters a knowledgeable and confident trading community.
Customer Support
Reliable and Responsive Support
Trade.com Challenges offers reliable and responsive customer support to ensure traders have the assistance they need. Available 24/5, the support team can be reached through various channels, including live chat, instant messaging apps, email, and phone. This comprehensive support system is designed to address any issues or questions traders may have promptly and efficiently. With dedicated live customer support, Trade.com Challenges ensures that traders can focus on their trading activities with confidence, knowing that help is readily available whenever needed. This commitment to excellent customer service highlights the prop trading firm’s dedication to providing a seamless and supportive trading experience.
Account Opening
Quick Start With Trade.com Challenges
Getting started with Trade.com Challenges is a straightforward process designed to help traders quickly begin their trading journey. First, you need to register by creating your Challenges account on the website. This initial step is quick and simple, allowing you to set up your profile and get ready to trade.
Once registered, log in to your personalized client area. Here, you’ll find all the necessary tools and resources to help you succeed. The client area is your personal portal for managing your trading activities and accessing valuable insights.
Upon purchasing the desired Challenge, the next step is to pass the evaluation phase. This involves proving your trading skills by achieving a 10% profit. Successfully meeting these objectives demonstrates your readiness and capability to trade profitably.
After passing the evaluation, you can trade on your funded account and start earning 80% of the profit target.
Deposit and Withdrawals
Easy and Secure Transactions
Trade.com Challenges ensures a seamless and secure experience for both deposits and withdrawals.
Deposits: Traders can use various payment methods to purchase challenges, including credit cards and cryptocurrencies. These options provide flexibility, security, and privacy, making the deposit process quick and convenient.
Withdrawals: Currently, the only available payout method is through fast and secure wire transfers. However, Trade.com Challenges is actively working on expanding payout options to provide more flexibility and convenience for traders.
With straightforward and reliable transaction methods, Trade.com Challenges prioritizes the safety and ease of managing your funds.
Final Thoughts
Trade.com Challenges stands out as a versatile and user-friendly platform for traders of all levels. It’s clear trading rules, extensive market insights, and advanced tools like the Trade Copier provide a solid foundation for successful trading. The lack of monthly fees and the ability to bypass evaluation option adds to its appeal, while the generous profit share of up to 80% makes it an attractive option for profit-seeking traders.
With a focus on security, flexible payment options, and comprehensive educational resources, Trade.com Challenges offers a robust and supportive trading environment. Whether you’re a beginner or a seasoned professional, this platform provides the tools and opportunities needed to achieve your trading goals.
Contact Info
48 Strovolos Avenue, 1st Floor, 2048 Nicosia
FAQs
-
Question: What does Trade.com Challenges do?
Answer: Trade.com Challenges offer traders the opportunity to get their funded accounts and prove or improve their skills by meeting the trading objectives. Meeting the objectives also means they earn 80% of the challenge’s profit target. -
Question: What types of accounts are available?
Answer: Trade.com Challenges provides various funded account types with an option to skip the evaluation step, starting at $10,000, suitable for both beginners and professionals. -
Question: Are there any trading fees?
Answer: Trade.com Challenges charges competitive spreads. There are no additional trading fees beyond these spreads. -
Question: What support is available for traders?
Answer: Trade.com Challenges offers 24/5 live customer support through live chat, instant messaging apps, email, and phone, ensuring traders receive timely assistance.
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