Trade.com recently introduced prop trading services, known as Trade.com Challenges, which are joining the trend among retail forex and CFDs brokers.
The new service positions Trade.com among brokers like OANDA, Axi, IC Markets, and Hentec Markets in offering popular prop trading services. Several other brokers are also exploring or launching similar offerings.
Trade.com Challenges operates under Tplus Technologies Limited, a Cyprus-registered entity, distinct from Trade Capital Markets (TCM) Ltd, which operates in the EU.
The Trade.com brand holds multiple regulatory licenses across the UK, the UAE, South Africa, Mauritius, Spain, and Italy and recently received a FINRA license in the US in 2022.
According to Roei Gavish, the Group CEO, the strategy was always to offer a secure, reputable, and fair environment. He said a regulated space ensured clients were treated well.
Trade.com integrates its prop trading platform with its primary brokerage services on the same site. However, the service is unavailable in Japan, Canada, Belgium, and the USA, and Belgium’s regulator has warned against prop trading firms.
The platform emphasizes virtual trading, following standard prop trading practices with demo accounts. Funded accounts range from $10,000 to $200,000, based on challenges priced from $99 to $999. Bypass evaluations are available at higher costs, starting from $350 up to $5,450.
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