Trading.com Review 2024 - is trading.com scam or good forex broker?
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Trading.com is a brand new CFD trading broker that was launched in July 2019 by Trading Point Group, the parent company of XM. With the backing of one of the leading global forex brokers Trading.com quickly made a splash, and is being adopted rapidly by traders.

Currently Trading.com provides services only to residents of the European Economic Area (EEA) based on its licensing in the U.K. by the Financial Conduct Authority. Eventually the site plans on becoming licensed by the National Futures Association as well, at which time it will join the likes of IG, Forex.com, and OANDA in offering forex trading in the U.S.

Keep in mind that the NFA requires a minimum operational capital of $20 million, which has effectively kept small and mid-sized brokers out of the U.S. markets. That means there is a large and lucrative slice of business to be captured by those able to become licensed in the U.S.

The parent company was launched a decade ago in 2009 by a group of ex-interbank dealers. Originally branded as XEMarkets, the rebranded XM has become known globally as one of the top forex and CFD brokers. Clients appreciate the wide array of assets available, not to mention the excellent trading conditions.

Trading.com is following that path as well, offering tight spreads and no commissions, the technologically advanced MetaTrader 5 platform, and six asset classes. Plus it has a low minimum deposit of just $5 to get started, 30:1 leverage, and a demo account to familiarize yourself with the platform and Trading.com’s trading conditions.

Quick Look
As part of the research process to write this review, we set up a demo account with Trading.com and accessed their website, desktop, and their mobile trading platform. The process of opening a demo account was straight-forward and quick, taking just 60 seconds. They also say it takes just 4.5 minutes to open a real account.

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