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Trading.com is the new brand of Trading Point Group, which also runs the well known XM brand.
The launch date for the Trading.com platform was recently announced for the July 20th . At first it will be available only in the UK, before it will be introduced in the US, where Trading Point Group is about to get a license from the National Futures Association (NFA), becoming one of the few brokers, along with IG, OANDA and Forex.com, that are legally licensed to operate on US soil.
Trading.com regulation & safety of funds
Obtaining a U.S. license is a serious step for any broker, because of the prohibitively high minimum operational capital requirement set by NFA – 20 million USD. That is the reason Trading.com will be among the very few brokers that will have the privilege to offer brokerage services to U.S. citizens.
All U.S. regulated brokers should be NFA Forex Dealr Members and Futures Commission Merchants and that means they will have to follow very strict standards of corporate governance, financial reporting and disclosure.
Also in the US brokers are not allowed to offer leverage exceeding 50:1.
Trading.com trading conditions
We still do not know the exact trading conditions Trading.com will offer as their platform is not yet operational at the time we write those notes. It is possible however that spreads will be as competitive as the ones XM offers its clients. And as we already noted the maximum leverage allowed on the US market is 50:1
Trading.com trading platforms
XM supports classical trading solutions like the MetarTrader4 and MetarTrader5. Trading.com however is expected to offer its clients a brand new proprietary trading platform and a new mobile app. The platform is expected to be simplified so that it will better suite the younger generation of millennium traders.
Trading.com deposit/withdrawal methods and fees
Most brokers in Europe accept payments with credit or debit cards like VISA and MasterCard, bank wire and popular e-wallets like Neteller, Skrill and PayPal. We are not sure, however, what payment methods Trading.com will adopt for its US customers.