Trade - Trade.com

[Ishnnis]

No problem. Don't forget to write yours, when you start trading live with this or another broker.

 

[Nihuginn]

Did you try trading cryptocurrencies with trade.com ? What's the leverage that they can give for BTC ?

 

[Ishnnis]

I don't think that trading crypto with trade.com is a good idea. They do support BTC, and several major altcoins as well. However the spread is around $100 for BTC. I think that if you are serious about crypto trading, you better start looking for a brokerage among specialized crypto brokers.

 

[Nihuginn]

Oh, OK. The trouble is I don't realy know whether I'm serious enough about it or may be that's just a hype that rasied again recently regarding the crypto trading.
My current broker does not have cryptoes among the listed assets. I know that cryptoexchanges offer nicer spreads and commissions, yet I seriously doubt any of such exchanges can be considered reliable enough. Especially the decentralized ones.
What's the leverage they have for BTC at trade.com ?

 

[Ishnnis]

If I understood you correct, you want to trade everything at the same place and you want this place to be a regulated brokerage. Well, in this case trade.com can be one of the options I guess.
The leverage for all the cryptoes is 1:2 here. Ripple has a spread of 2 cents. Litecoin spread is $8.

 

[Nihuginn]

I appreciate the infomration that you gave a lot. Thanks!
I'll make up my mind in January I guess. Happy New Year and happy holidays season to everybody!

 

[Nihuginn]

Just wanted to finally fund my account with trade.com nd here you go, all these news about retail traders starting a war against martket whales. DO you think this will have a significant impct on retail trading? What about brokers? Is it safe to invest money in trading now considering all the rumors?

 

[2iquelo]

You've said it correct. These are nothing but rumors. The news have been issued and the news will be gone. Market will be there as always.

 

[Landa]

You know, I won't be that sure that the impact is not gonna be big. Retail traders learnt to manipulate the market. Nobody knows for sure what will be the reaction of the government and regulators. They might imply new leverage caps, so if you planned to work with trade.com nd have 1:30 leverage for forex pairs, that might no longer be the option in the future.

 

[Nihuginn]

Yes, that's exactly what I mean. What if some changes will be applied to the rules for retail traders? Looks this is not the best time to start a live trading account.