Trade Capital Markets Review – Can You Trust This Broker?
This broker is primarily a Cypriot broker operating since 2013. The owner is Trade Capital Holdings Ltd, with headquarters in Cyprus. But they have other subsidiaries registered in other countries as well.
What makes this broker interesting is its licensing, but also negative reviews. That is a clear sign that even with a trusted broker you could have potential issues. Read this Trade Capital Markets review carefully to find all pros and cons.
|Broker status:||Regulated Broker|
|Regulated by:||FCA, CySEC, FSCA, FSC|
|Owned by:||Trade Capital Holdings Ltd|
|Headquarters Country:||Cyprus, UK, South Africa, Mauritius|
|Supported Platforms:||MT4, MT5, Web trader|
|Cryptocurrencies:||Yes – BNB, LTC, ETH|
|Types of Assets:||Forex, Commodities, Indices, Bonds, Futures, Shares, Cryptocurrencies|
|Free Demo Account:||Yes|
|Accepts US clients:||Yes|
Do Trade Capital Markets Have a Legit Forex License?
Trade Capital Markets broker has multiple entities. Some are based in the UK, some in South Africa and even Mauritius. Yet, they all have necessary regulations for trading purposes. Even the FCA if you are wondering.
But it’s important to classify those licenses through their subsidiaries. Trade Capital Markets is mainly regulated by CySEC and FSCA. Only the UK entity is the one with the FCA license. This makes a whole lot of difference, but the UK division is not our main topic.
There are multiple negative reviews about this broker, especially regarding offshore entities. Leverage violates ESMA rules for European traders.
Trade Capital Markets Trading Software
Another key point is the Trade Capital Markets trading company platform. However, this broker allows traders to use top-notch platforms like MT4 and MT5. Besides these, traders can choose not-so-favorable web trader. MetaTrader is an industry leader because of its reliability, fast executions and wide range of trading features.
Even though MT5 is a bit more advanced than its older version, mobile users won’t have this option here. On the contrary, any device can open their web trader, but there you lack some essential features. A web-based platform is often unreliable, slow and doesn’t offer advanced tools. For instance, algorithmic trading or advanced EAs. Which Meta Trader has.
All entities trade through the same website which is trade.com. Yet, the jurisdiction over the activities comes from the entity’s headquarters country. And that’s where you should be careful. As we can see from Trade Capital Markets reviews, some traders had some withdrawal issues. This can’t happen with a Tier 1 regulated entity. But with offshore regulation, it could be a potential problem.
Trade Capital Markets’ Trading Assets and Instruments
As for the opportunities traders have a variety of options. Whether you are looking for a short, mid or long-term trading strategy, you can find a good fit. Their assets are divided into 7 different classes:
- Forex – USD/JPY, AUD/HKD, EUR/NOK
- Commodities – gold, cotton, crude oil
- Indices – FTSE 100, AU 200, DAX 30
- Shares – Exxon Mobil, Goldman Sachs, Boeing
- Cryptocurrencies – BTC, ADA, DASH
- Bonds – QQQ, Russell 2000,
- Futures – S&P 500 Mini, SOFR
Important to realize is that this broker offers leverage over 1:30 which is the maximum allowed by ESMA. Therefore, if you are coming from Europe and you get the 1:290 leverage that this broker offers, you know there is something wrong.
Trade Capital Markets Countries Of Service
Since this broker has multiple entities they can trade worldwide. And it’s perfectly planned. Since every region has specific jurisdiction, they covered everything. But countries like the USA, Japan or North Korea have strict trading regulations. And more importantly, wider jurisdiction.
As we could see from reviews, Trade Capital Markets trading company mainly operates in the following countries:
- United Kingdom
- United States
Types of Accounts Available With Trade Capital Markets
This broker has quite big leaps between account types. While trading conditions don’t significantly change. Account types available are:
- Mini $10
- Plus $5.000
- Pro $50.000
- ECN Pro $100.000
An important fact is that the ECN account needs specific approval. This means that the broker determines if you are of enough value to get such conditions.
Can a Trader Use a Demo Account?
Since this entity doesn’t have so a bright reputation, a demo account is the best choice for the start. Luckily, you can get it with this broker.
However, to get access to the platform you need to complete a full registration. This gives the company a chance to persuade you in opening a live account earlier. Considering the fact that some traders claimed withdrawal issues, you should rethink that.
Terms of Service for Trade Capital Markets
In general, funding methods are quite reliable. From bank cards and wire transfers to e-payment options. But disturbing fact is a welcome bonus. According to ESMA rules those bonuses are banned.
Moreover, this broker is missing on their primary website funding policy. But more importantly, withdrawal policy. Which can lead to thinking that those negative reviews have reasonable ground.
Leverage, Spreads and Fees
As shown above, leverage goes as high as 1:290. In fact, that is very dangerous, especially with volatile assets like cryptocurrencies.
With average spreads on a mini account, you already start in deep minus. The broker claims to have spread from 0.8 pips. But only if you deposit more than 50 grand.
Commission on cryptos starts from 0.5% while shares go from 0.08%. But luckily there are no deposit or withdrawal fees. Generally speaking, all good until you read the experiences of other traders.
What Should I Do If I Have Trade Capital Markets Problem?
As we can see from reviews, potential problems can happen. Therefore, you have to determine which entity is responsible for activities and seek a solution with their regulator.
Thus, if you can’t find it there, you can get in touch with our fund recovery experts. They can advise you on further steps already today. Book your consultation now!
What Is Trade Capital Markets?
TCM is a trading company operating since 2013 in 4 different countries.
Is Trade Capital Markets a Regulated Broker?
Yes. All entities are regulated, but some are licensed by lower-rated regulators like FSCA.
Is Trade Capital Markets Available in the United States or the UK?
Yes. Traders from both mentioned countries can use TCM trading services but through different entities.
Does Trade Capital Markets Offer a Demo Account?
Besides various live trading accounts, traders have a risk-free option for testing through a demo.