review Review review

Broker rating: 9.0

No trading bonus broker review is a young broker that has been growing rapidly during the last two years. Many traders chose to trade with this CFD and forex broker because of its large product range and the advanced trading software… continue reading

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Broker information

Website link
Founded in the year 2013
Main office based in Nicosia, Cyprus
Contact possibilities Email:, phone, servicedesk (visit contact page)
Available languages English, Italiano, Deutsch, Español, Français, Português, Pyccĸий, العَرَبِية‎, Nederlands, Polski, Suomi, Svenska, Magyar, Dansk, Shqip, Български, 简体中文, Čeština, Ελληνικά, Bokmål, Română, Slovenčina, Slovenščina
Trading platform Self-designed web trader and Metatrader 4
Minimum first deposit €100
Minimum amount traded €5
Maximum amount traded NA
Welcome bonus No welcome bonus
Pay out information Fast payout within 48 hours
Leverage Varies per type of contract
Spread Usually very tight spread on liquid products
Demo account Click to open a Demo account
Regulated Yes
Regulated by CySEC
Extra fees No
Available accounts Basic, Classic, Gold and Platinum accounts
Methods of deposit Bank transfer, Visa, MasterCard, iDEAL, Neteller, Diners club, Qiwi, Skrill, WebMoney
Methods of withdrawal Bank transfer, Visa, MasterCard, iDEAL, Neteller, Diners club, Qiwi, Skrill, WebMoney
Number of tradable Assets 2100+
Types of tradable assets Forex, Stocks, CFDs, Commodities, Indices, ETF, Bonds, cryptocurrencies
US traders allowed No
Trading on smartphone Yes
Trading on tablet Yes
Broker Score 9.0

Risk warning: ‘CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.’ is a young broker that has been growing rapidly during the last two years. Many traders chose to trade with this CFD and forex broker because of its large product range and the advanced trading software. In this review we analyse and discuss the trading software on the platform. We will also discuss accessibility, trading fees, the regulation of, and discuss other special characteristics of the broker.

Forex Software

Whereas some forex brokers choose to offer a wide range of trading platforms, keeps it simple. You can choose between two different platforms: MetaTrader 4 (MT4) and the WebTrader. Most forex traders will already be familiar with MetaTrader (click here for more information about MT4 and MT5). This state-of-the-art trading platform supports all possible technical analysis functions and allows you to install external scripts and expert advisors. MT4 is only available as a download for the PC or Mac, and available in a limited number of languages.

The in-house developed WebTrader platform is of the same quality as MetaTrader, but with three important differences:

  • The WebTrader is completely web-based;
  • It is not possible to install external add-ins.
  • The WebTrader is entirely available in many different languages (23 in total)

In addition, the platform features almost all the indicators that you use for technical analysis. It is powerful, well-organized and user-friendly. Because the platform is web-based you can access it from any computer with an internet browser. Moreover, the WebTrader is suitable for desktops, laptops, tablets and smartphones. We rate this broker with a 9 (out of 10) for the trading software.

Minimum deposit, leverage and position size

With a deposit of just € 100 you can already open a real trading account at This is very accessible for starting traders. For the more professional trader, this threshold may certainly not be an obstacle. If you make a deposit of at least € 2,500 you get access to daily market analyses, and from a deposit of € 10,000 you get customer service priority with personal support. This is a nice bonus, but in our opinion the added value is limited. We therefore recommend to open an account and deposit a rather small amount initially, so you can test the platform without risking too much money.

For forex, offers a leverage factor of 1:1 to 1:200. This implies that you can trade forex positions worth €20,000 with an account balance of just €100. In that case the risk is also higher, of course. To reduce your risk, it is advisable to have a small buffer on your account and to apply a lower leverage. In practice, you should never apply a leverage factor of more than 1:200.

The minimum position size at depends on the instrument in which you trade. For forex that is 1 micro-lot (1,000 units). If you apply the maximum leverage of 1:200, you need at least 5 euros per opened position (or a bit more if it is a GBP currency pair). This makes easily accessible, even for small traders.

Product range and costs

Like the majority of CFD brokers, offers the possibility to trade all major currency pairs (the Majors and the Minors). In addition, the broker offers about 15 more exotic currencies.

Apart from currency pairs, at you can also trade CFDs (‘Contracts For Difference‘). This is an advantage for traders who are interested in trading in a larger range of products. If you belong to this group, is an excellent choice. You only need a single account from which you can manage all your positions on one platform. Apart from Forex, this broker provides the opportunity to trade in CFDs on stock market indices, stocks, commodities, bonds, ETFs, and crypto currencies. applies competitive spread levels. By default, each account is set to fixed spreads. On the most liquid currency pairs such as EUR / USD, GBP / USD and USD / JPY you pay 3 pips, which is about average compared to other brokers (although Plus500 and are somewhat cheaper). The other major and minor forex pairs have spreads of 4-6 pips. You can also request your account to be converted to variable spreads. This saves you 10-25% during times of high liquidity in the market, but in unfavorable market conditions when liquidity is lower, spreads will go up.

An attractive bonus is that if you trade large volumes the spreads will decrease. For professional traders this can be extremely valuable. A saving of 0.4 pips per round turn yields at least € 100 extra profit per month (with a trade volume of 25 lots or more). Ask your account manager for the possibilities.

Regulation of is a brand name of Leadcapital Markets Ltd. This company is CySEC licensed since 2014 (the Cypriot Securities and Exchange Commission) to offer financial services and act as forex and CFD broker. Supervision by CySEC ensures that the broker must comply with strict rules, such as securing your funds in a separate account. You can find Leadcapital Markets license under number 227/14. You will notice that this is a broker of good conduct and uncontested behaviour.

Through the European MiFID regulation, has permission to operate as a broker in other European countries. As an additional security, the broker in this review is affiliated with the Cypriot Investor Compensation Fund. If Leadcapital Markets goes bankrupt, your investments are guaranteed up to a value of 20,000 euros. So whatever happens, your money is always safe at We give a score of 9 out of 10 for reliability.

Other noteworthy issues

There are two aspects of Tradecom that we believe deserve extra attention. The first is customer service. The customer service is available 24 hours a day and is very helpful, even if you have an ‘ordinary’ account. There is even telephone and live chat support available in different languages.

A second point in which distinguishes itself from the competition is the availability of educational material to its customers. recognizes that it is important for its traders to be successful in order to survive. After all, successful customers will trade more, and will trade larger volumes. has created a special and excellent e-Book about forex trading which you can download for free. You will find a wide range of educational trading videos on the website to help you develop your trading strategy. We rate with a 9 (out of 10) for its customer services.


We are very pleased with the broker As discussed in this broker review, is reliable (9), has excellent software (9) and a low minimum deposit. Trading fees are average, customer service is excellent and available in many different languages, and various educational materials help you improve your trading strategy (9). CFD and forex broker gets a final rating of 9 out of 10 from globaltrader24.

Start trading today! Logo


  • Try trading with a demo account
  • A wide range of tradeable products available
  • A lot of educational material available


  • No welcome bonus for new clients

Screenshots webtrader software platform