Trade Capital Markets
Pros and Cons
Pros
- Regulated by Cyprus Securities and Exchange Commission (CySEC)
- Offers a range of CFDs across various asset classes
- Trading platforms: MetaTrader 4 and MetaTrader 5
- Multiple contact channels including phone and email support
- Operating in the market for over 10 years
Cons
- Suspicious clone license from FSCA
- Limited to CFD trading, no stocks or ETFs
- No demo account available for practice
- Regional restrictions affecting major markets
- Unclear fee structure leading to potential hidden costs
Basic Information
User Reviews
Trade Capital Markets Overview
Trade Capital Markets (TCM) is a forex broker founded in 2013 and headquartered in Nicosia, Cyprus. The broker operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC), holding license number 227/14. While TCM claims to offer services under another regulation from the Financial Sector Conduct Authority (FSCA), this license has raised suspicions regarding its legitimacy, highlighting the importance of verifying regulatory claims in the forex trading landscape.
Is Trade Capital Markets Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | Segregated Funds, Investor Compensation Fund |
Is Trade Capital Markets Regulated and How Are Client Funds Protected?
Trade Capital Markets (TCM) is regulated by the Cyprus Securities and Exchange Commission (CySEC), which is a reputable financial authority. This regulation ensures that TCM adheres to strict compliance standards and operational protocols, enhancing its legitimacy as a trading platform. Client funds are protected through the use of segregated accounts, which means that client deposits are kept separate from the broker’s operational funds. Additionally, TCM participates in the Investor Compensation Fund, which offers a degree of financial security to clients in the event of insolvency. However, it is important to note that TCM’s claimed regulation by the Financial Sector Conduct Authority (FSCA) in South Africa is under scrutiny, as it is reported to be a suspicious clone license. Therefore, while TCM is regulated, potential clients should be cautious regarding the authenticity of its additional claims.
Trading Products and Services
What trading instruments does Trade Capital Markets offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | 50+ |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Many |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Varies |
| Stocks | Apple, Tesla, BP, Vodafone | 100+ |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Many |
Trade Capital Markets offers a diverse range of trading instruments, accommodating various trading styles and preferences. With robust offerings in Forex, commodities, indices, stocks, and cryptocurrencies, traders can explore multiple avenues for investment and strategy development. Whether you are a beginner looking to dip your toes into Forex trading or a seasoned professional interested in stock trading, the versatility of products available can cater to your specific needs. This broad spectrum of asset categories enhances portfolio diversification and provides traders with the flexibility to adapt their strategies according to market conditions, ultimately supporting informed decision-making.
Account Types and Trading Conditions
What Account Types and Fees Does Trade Capital Markets Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Low minimum deposit, access to educational resources | Suitable for small-capital practice |
| Professional Account | Experienced traders | Higher leverage, lower spreads, advanced trading tools | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Custom solutions, dedicated account manager | Requires corporate documentation |
| Islamic Account | Traders seeking Sharia-compliant options | Swap-free trading | Requires verification of Islamic status |
| Demo Account | All traders | Practice trading with virtual funds | No real capital required, suitable for testing strategies |
Account Opening Process
To open an account with Trade Capital Markets, traders must follow a straightforward process: First, submit personal information including name, address, and contact details. Next, provide employment information to establish financial stability. After that, financial information such as income and net worth should be submitted. Identity verification is necessary, which includes uploading an ID and proof of address. Once the account is approved, traders have the flexibility to upgrade their accounts, such as moving from a Retail to a Professional Account if their trading volume meets the required qualifications.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive spreads for major pairs |
| CFDs (Stocks) | 1.5 | $0.2 | Varied by stock volatility |
| CFDs (Indices) | 1.0 | $0.5 | Market average spreads |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
In addition to trading fees, traders should be aware of other costs associated with their accounts. Deposit and withdrawal fees may apply depending on the payment methods used. An inactivity fee may be charged if the account remains dormant for an extended period. While Trade Capital Markets does not impose platform usage fees, overnight interest (swap rates) can accrue on positions held overnight. Additionally, currency conversion fees may be applicable when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Trade Capital Markets Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | 2FA, multiple order types, technical indicators, economic calendar | Demo accounts, VPS |
| MT5 | Windows, macOS, iOS, Android | 2FA, advanced charting, automated trading, economic calendar | Demo accounts, VPS |
| Web Version | All devices via web browser | Encryption, one-click trading, custom indicators | No demo accounts |
| Mobile App | iOS, Android | Biometrics, push notifications, symbol lookup | No demo accounts |
Trade Capital Markets (TCM) provides a range of trading platforms tailored to different trading preferences. MT4 is well-suited for beginners due to its user-friendly interface, while MT5 offers advanced traders more analytical tools and support for automated trading. The web version enables trading from any device without installation, while the mobile app ensures traders can operate conveniently and receive real-time updates. TCM emphasizes secure login options, fast order execution, and efficient market search tools to enhance the trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| SEPA Transfer | 1-2 Business Days | No platform fee, 0.5% third-party charge | Min 50, Max 10k/day | EUR, USD |
| GrabPay | Instant | No platform fee, 1% charge | Min 20, Max 5k/day | SGD, USD |
| SPEI | Instant | No platform fee, 0.4% charge | Min 100, Max 15k/day | MXN, USD |
| Bank Wire Transfer | 3-5 Business Days | No platform fee, 2% charge | Min 500, Max 50k/day | USD |
| Crypto Deposits | Instant | No platform fee, network fees apply | Min 0.01 BTC, Max 2 BTC/day | BTC, ETH, USDT |
Minimum Deposit
The minimum deposit requirement at Trade Capital Markets is $100. This amount is consistent across all payment methods and account types, ensuring accessibility for all traders regardless of their chosen deposit method.
How to Withdraw
To withdraw funds from your Trade Capital Markets account, follow these steps:
- Log into your Trade Capital Markets account.
- Navigate to the ‘Withdraw’ section of the dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it adheres to the limits.
- Confirm your withdrawal request.
- Check your email for confirmation and updates on the processing status.
Customer Support
Trade Capital Markets Customer Support Overview
Support Channels
Trade Capital Markets (TCM) offers a variety of support channels to assist customers with their inquiries and issues. Clients can reach out via:
- Email: Customers can send their queries to info@tradecapitalmarkets.com for support.
- Live Chat: For immediate assistance, TCM provides a live chat option on their website, allowing users to connect with support representatives in real-time.
- Telephone: Clients can also call their support line at +357 22 030446 for direct help.
- Social Media: TCM maintains a presence on social media platforms, where customers can follow updates and reach out for support.
Service Availability
TCM’s customer support is available 24/5, ensuring assistance during the trading week. The support team is multilingual, providing help in several languages including English, Greek, and other regional languages to accommodate their diverse client base.
Additional Resources
In addition to direct customer support, TCM offers various educational resources to enhance traders’ knowledge and skills. These include:
- Video Tutorials: Comprehensive guides on using trading platforms and strategies.
- Webinars: Regularly scheduled sessions covering market analysis and trading techniques.
- Market Analysis: Insights and reports to help traders make informed decisions.
- Trading Signals: Recommendations to guide trading strategies.
Frequently Asked Questions
Yes, Trade Capital Markets (TCM) is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 227/14. However, it is important to note that there are concerns about its claimed regulation from the Financial Sector Conduct Authority (FSCA), which is considered suspicious. Therefore, while TCM is regulated in Cyprus, clients should perform due diligence before trading.
Trade Capital Markets offers a range of trading conditions, including various financial instruments primarily focused on CFDs. The platform provides competitive spreads, high leverage options, and trading through well-known platforms such as MT4 and MT5. However, specific details regarding minimum deposits and fees should be confirmed directly with TCM as they may vary.
Client funds at Trade Capital Markets are held in segregated accounts, which means they are kept separate from the company’s operational funds. This practice helps to protect client funds in case of any financial difficulties faced by the broker. Additionally, TCM follows strict regulatory requirements to promote transparency and security in its operations.
If you encounter any issues with the trading platform or your account, you can contact Trade Capital Markets’ customer support via phone at +357 22 030446 or email at info@tradecapitalmarkets.com. Their support team is available to assist you with any inquiries or issues you may face. It’s advisable to provide detailed information about your problem to facilitate a quicker resolution.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.