Trading.com holds a Silver Standard rating of 73.4 out of 100, backed by Tier 1 oversight from the FCA, CySEC, ASIC, and the CFTC. The primary risk flag is that 73.7% of retail CFD accounts lose money, and the broker publishes no average execution speed. In short, the choice comes down to the entity you can join and the pricing you accept.
Introduction
This Trading.com review answers a simple question: should you trust this broker with your money? Based on publicly available information as of October 19, 2026, the answer is a qualified yes. Regulation is strong. However, costs and withdrawal feedback deserve a careful read.
Trading.com, operated by Trading.com Markets UK Limited and registered in England and Wales under company number 09436004, holds an active authorization with the Financial Conduct Authority under firm reference number 705428. The broker operates its retail platform at https://www.trading.com. Sister entities hold licenses in Cyprus, Australia, and the United States. The brand launched in 2019 inside the Trading Point Group, which also owns XM. It matters now because it pairs top-tier oversight with a $50 minimum deposit. Under our four-factor methodology, Trading.com earns a Silver Standard rating of 73.4 out of 100.
Regulation & Safety
Is Trading.com legit? Yes, judging by its licenses. Four affiliated entities hold authorizations from the FCA, CySEC, ASIC, and the CFTC, and all four regulators pass our four floor tests.
The floor tests check activity licensing, product controls, capital safeguards, and enforcement oversight. Each regulator licenses retail forex and CFD activity. Furthermore, all four impose leverage caps or margin rules, and all four require client money segregation. Public enforcement histories also exist for each. As a result, we classify all four as Tier 1. So is Trading.com regulated well enough for retail clients? On this evidence, yes.
| Regulator Name | Tier Status | License Number | Key Client Protections |
|---|---|---|---|
| FCA (UK), Trading.com Markets UK Limited | Tier 1 | FRN 705428 | Client money segregation, 30:1 forex leverage, negative balance protection, FSCS coverage |
| CySEC (Cyprus), Trading.com Markets EU Limited | Tier 1 | License 256/14 | Segregation, 30:1 forex, 20:1 commodities, 5:1 stock CFDs, Investor Compensation Fund of €20,000 |
| ASIC (Australia), Trading.com Markets Pty Ltd | Tier 1 | AFSL 443670 | Segregation, 30:1 leverage, no compensation scheme |
| CFTC and NFA (US), Trading.com Markets Inc. | Tier 1 | NFA ID 0516820 | Retail Foreign Exchange Dealer registration, forex only, up to 50:1 leverage, no compensation scheme |
Protections vary by entity. UK clients receive Financial Services Compensation Scheme coverage, although sources cite different limits, from £85,000 to £120,000. By contrast, Australian and US clients have no compensation scheme, according to BrokerChooser. Therefore the entity named in your account agreement matters. Is Trading.com safe for deposits? Third-party reviews report segregated client funds and negative balance protection across the group. Even so, BrokerChooser reports that 73.7% of retail CFD accounts lose money.
We found no live regulator warning against the Trading.com entities as of the date of this review. However, the FCA has warned about clone firms that misuse FRN 705428, including Spot Pro Markets and Capital FX One. The wider group also has a past record. Reports cite a $140,000 CFTC penalty in 2012 and CySEC fines in 2013 against Trading Point of Financial Instruments Ltd, an XM-linked entity. Those cases predate the 2019 brand launch. Geographic reach is limited, too. Trading.com accepts clients from roughly 30 countries and redirects other visitors to XM.
Execution Quality & Trading Costs
Trading.com’s pricing matches peer norms on forex and indices but trails them on stock CFDs, and its execution speed cannot be benchmarked. The firm does not publish millisecond data.
As of the date of this review, Trading.com publishes no average execution speed, slippage rate, or requote count. By comparison, FOREX.com reports a 0.002-second average for March 31 to April 30, 2026, excluding MT5 orders. Without a comparable figure, we could not verify stability during high-impact news releases either. Our execution score therefore rests on pricing and platform quality, with a deduction for the missing data. Clients trade on MT5 or the firm’s WebTrader, which uses TradingView charts. According to third-party reviews, the firm runs a market maker model with a single standard account. No raw-spread ECN tier exists.
Next, consider the true cost of trading. Trading.com fees on forex carry no commission, so the spread bears the whole charge. The EURUSD spread averages 1.0 pip, against a 0.6 pip peer average in BrokerChooser’s data. For context, tastyfx averages 0.8 pips and Oanda 0.9 pips.
| Cost Item | Trading.com | Peer Benchmark |
|---|---|---|
| EURUSD spread (pips) | 1.0 | 0.6 average; tastyfx 0.8; Oanda 0.9 |
| GBPUSD spread (pips) | 1.2 | 1.2 average |
| S&P 500 CFD spread (points) | 0.6 | 0.6 average |
| Apple CFD spread | 1.80 | 0.25 average |
| Apple CFD round-trip cost | $6.43 | Oanda $0.11 |
| Forex commission per lot | None | tastyfx and Oanda: none |
| Currency conversion fee | 0.25% | tastyfx 0.50%; Oanda 0.50% |
| Withdrawal fee | $0 | tastyfx $0; Oanda $0 |
| Inactivity fee | 10 units monthly after 12 dormant months | tastyfx none; Oanda yes |
Non-trading charges are modest. Dormant accounts pay 10 units of base currency monthly after 12 months without activity, and the fee takes any smaller balance in full. Withdrawals are free, with a $25 or €20 minimum. However, BrokerChooser warns that deposits convert automatically into a local currency, with markups reaching 5%. Leverage is fixed, not adjustable, at 30:1 for forex in the UK, EU, and Australia.
Trader Reputation & Market Presence
Public sentiment is mostly positive but thin, and withdrawal complaints are the loudest grievance. The brand’s own record is short, although its parent group has operated since 2009.
Under our four-factor methodology, we reviewed publicly available regulatory disclosures, independent review platforms, and trader feedback.
The firm replies to every negative review there, and the page ranks 38th of 41 finance brokers. That sample is small. By comparison, one review site reports that over half of XM’s roughly 3,000 Trustpilot reviews give one star.
Positive themes recur. Users praise the MT5 and WebTrader platforms, the fast onboarding, and the regulatory credentials. BrokerChooser tested a card withdrawal and received the funds in under one day. On the other hand, its July to October 2026 snapshot of 24-plus public opinions names withdrawal complaints as the loudest concern. Some users also call spreads and fees high. Others report slow support. We found no documented enforcement action against the Trading.com entities themselves. Still, the evidence base remains narrow, so we score this category with caution.
Strengths & Weaknesses
Trading.com pairs top-tier regulation with simple onboarding. However, a narrow product range, stock CFD costs, and mixed withdrawal feedback hold back its score.
Trading.com Review: Safety and Regulation Strengths
- Tier 1 licensing: FCA 705428, CySEC 256/14, ASIC 443670, NFA 0516820. Benchmark: XM lists CySEC 120/10 plus offshore regulators, per bestforex.io.
- Negative balance protection: Reported across the group. Benchmark: Standard in UK and EU retail rules.
- Free withdrawals: $0 fee. Benchmark: Matches tastyfx and Oanda at $0.
- Lower conversion fee: 0.25%. Benchmark: Half of the 0.50% at tastyfx and Oanda.
- Fast card withdrawal: Under one day in a single BrokerChooser test. Benchmark: Single test; no peer figure.
Together, these points support the case that Trading.com is safe for regulated retail use. Moreover, fee disclosure is clear, and fee reports inside the platform are easy to read.
Trading.com Review: Cost and Operational Weaknesses
- Wider EURUSD spread: 1.0 pip. Benchmark: 0.6 pip peer average.
- Costly stock CFDs: Apple spread of 1.80. Benchmark: 0.25 peer average.
- Inactivity fee: 10 units monthly after 12 months. Benchmark: tastyfx charges none.
- Missing execution data: No published milliseconds. Benchmark: FOREX.com reports 0.002 seconds.
- Narrow product range: Forex and CFDs only. Benchmark: BrokerChooser product score of 2 out of 5.
- Deposit conversion markup: Up to 5% reported. Benchmark: Trading.com’s own 0.25% conversion fee.
Overall, Trading.com fees look competitive on majors and indices. Yet they rise sharply on stocks, and dormancy charges penalize buy-and-hold users.
Overall Verdict
Trading.com is a regulated, simple, moderately priced CFD broker that deserves a Silver Standard rating. Our composite score is 73.4 out of 100, the highest of its four entity-level scores.
The platform suits beginner and intermediate retail traders who want regulated forex and index CFD access with a $50 entry point. It also fits clients who value a clean app, a TradingView-powered web platform, and free withdrawals. By contrast, scalpers who need raw ECN spreads should look elsewhere. Investors who want real stocks, bonds, or funds will find no such products. Inactive account holders face a monthly fee, too.
Among immediate peers, Trading.com trails tastyfx and Oanda on EURUSD cost but offers broader Tier 1 coverage than XM’s main brand. Its sister brand XM charges a lower $5 minimum deposit, however. In short, the choice comes down to the entity you can join and the pricing you accept.
Frequently Asked Questions (FAQ)
Yes. Trading.com operates through four regulated entities, including Trading.com Markets UK Limited under FCA firm reference number 705428. We found no live regulator warning against these entities as of October 19, 2026. Clone sites do misuse its details, so always confirm the entity on the FCA register.
Yes. It holds licenses from the FCA (FRN 705428), CySEC (256/14), ASIC (AFSL 443670), and the CFTC and NFA (NFA ID 0516820). Your protections depend on which entity serves your country.
Client funds are segregated, and negative balance protection applies, according to third-party reviews. Compensation schemes cover only UK and EU clients. Moreover, CFD trading carries high risk, with 73.7% of retail accounts losing money.
Forex trades carry no commission, and the average EURUSD spread is 1.0 pip. Withdrawals cost $0. Stock CFDs cost more, and a dormant account pays 10 units monthly after 12 months.
The minimum deposit is $50, or £50 in the UK and €50 in the EU. Only one standard account type exists. A free demo account is also available.
Yes. After 12 months with no trading, deposits, or withdrawals, the account pays 10 units of base currency each month. If the balance falls below 10 units, the fee takes the remainder.
Expert Review Notes (Staff Insight)
Our audit team noted several details that raw statistics miss.
Entity layering. Trading.com sits inside the Trading Point Group, and XM belongs to the same group. Several third-party sources still list the UK entity under its older name, Trading Point of Financial Instruments UK Limited. Meanwhile, the UK and Australian licenses that once supported XM now sit with the Trading.com brand. Readers should therefore verify the exact legal entity on each regulator’s register.
Entity-level scoring. We scored each entity separately and, per our rule, report the highest. The UK entity scores 73.4. Meanwhile, the EU entity scores 72.0, Australia 70.6, and the US 69.2. All four share the same execution, reputation, and staff scores, because pricing and support appear group-wide.
Marketing versus practice. The brand promotes a simpler way to trade, and the app and web platforms deliver that. However, marketing emphasizes low costs, while stock CFD pricing and the deposit conversion markup tell a different story. Meanwhile, management names are not disclosed on the sources we reviewed, which limits transparency.
Execution profile. The market maker model means the broker takes the other side of client trades, according to third-party reviews. That is common in retail CFDs and legal under FCA permissions. Even so, it creates a conflict of interest that published execution statistics would help to ease. We could not locate those statistics.
Brand confusion. Trade.com is a separate firm. It draws many scam allegations on Trustpilot, and Trustpilot shows its rating as unavailable. Those reviews do not describe Trading.com.
Composite Score Calculation
| Dimension | Weight | Raw Score (out of 100) | Weighted Points |
|---|---|---|---|
| Regulation & Safety | 35% | 90 | 31.5 |
| Execution Quality | 30% | 62 | 18.6 |
| Trader Reputation & Market Presence | 25% | 66 | 16.5 |
| Expert Review Notes (Staff Insight) | 10% | 68 | 6.8 |
| Composite Total | 100% | Not applicable | 73.4 |
