Trade.com (Lead Capital Markets)

Gary D

Recruit
Messages
1
I would like to say how dodgey and unethical Stock.com is. They sent me instructions that my account was terminated....

Please be informed that due to License and Regulatory Restrictions and Changes, we are no longer able to accept clients residing within Australia.
As a result of the above, you are kindly requested to close all open positions in your trading account(s) and then withdraw your remaining balance.
Please note the above should be done in a timely fashion.
Please be informed that you can open a withdrawal request directly from our website. In order to do so, you would need to log to your account through our website, refer to the My Account page and then choose the Withdraw option.

Please note that due to Regulations, funds will be returned to the client using the same method used to deposit; e.g. if a deposit is made by a credit card, the funds will be returned the same way.
Credit card deposits (made within the last 12 months) are prioritized and will be refunded first, followed by other forms of refund-methods.
Thank you for your cooperation.
Please accept our apologies for the inconvenience caused.
Best regards,
Description: Description: cid:image003.png@01CFACC1.3E9520E0
Nicole Harley |Customer Support


I then had trades closed out, and sought the refund of my account balance. THIS IS STILL OUTSTANDING despite phone calls, and multiple emails. I hope this forum sees people urgently remove funds (if possible) or better still not join with them at all.

DO NOT TRUST
 

Thoris

Corporal
Messages
153
It appears that Trade.com is one of the few brokerages now that offers access to early IPOs
investments. I like the fact that the company has got CySec license. The website also states that their investment packages are revised by Deloitte and KPMG.
I don't like though the Trade.com review that is above. It doesn't really explain why the company terminated the customer's account, but I definitely would not want to get into such situation.
Would appreciate Trade.com reviews and opinions on their IPO program. Thanks is advance!
 

Clay Davidson

Recruit
Messages
80
The references are really good. I've only checked CySEC and looks like they really have a proper license for this domain. If Deloitte and KPMG also confirm they review these products, that probably means they are good to go. No profit guarantees for sure, but at least the risks will be reasonable.
Screen Shot 2019-12-12 at 5.36.27 PM.png
 

Thoris

Corporal
Messages
153
Thank you, this is exactly what I mean. The website looks very professional, there are a few really fascinating offers apart from IPOs. Audit, regulations, etc. All looks nice! But why am I still having these doubts? I tried day trading myself, and I like it so far! But trading is exhausting. I feel I don't have time to spend with my loved ones, do sports, enjoy life as it is. I keep watching these charts hour after hour. Even falling asleep I keep seeing charts in front of my closed eyes. I think it would be really nice if I could rely on someone to trade instead of me.
 

Clay Davidson

Recruit
Messages
80
Well, I know the feeling. Most traders either quit the first month or go mad about charts for at least a year or two. If you've recently started trading, this can explain such an increased interest of charts :) This can change in future. Actually this would be possible for you to relax a bit once you start making some significant and, most importantly, consistent profits. But don't you think you gonna miss day trading if you leave it all to professionals and start investing in some IPOs of portfolios with Trade.com?
 

Thoris

Corporal
Messages
153
I will! I definitely will miss day trading.Actually this is a good way to test the brokerage. I can day trade with this company first as their CFD-trading client. Later, if I see all goes well and withdrawals are made fine, I can continue thinking about larger investments. Brilliant!
 

Olieng38

Sergeant
Messages
139
Thank you, this is exactly what I mean. The website looks very professional, there are a few really fascinating offers apart from IPOs. Audit, regulations, etc. All looks nice! But why am I still having these doubts? I tried day trading myself, and I like it so far! But trading is exhausting. I feel I don't have time to spend with my loved ones, do sports, enjoy life as it is. I keep watching these charts hour after hour. Even falling asleep I keep seeing charts in front of my closed eyes. I think it would be really nice if I could rely on someone to trade instead of me.
From a side point of view it really looks like you have a problem choosing between what you like doing and what potentially can bring more profits. Sorry, I don't mean to be rude, but I bet if your day trading profits were really good, you won't be considering any other options, because seems you like the process. Unfortunately the adrenaline rush is not exactly what you family can appreciate as a proper reward for hours and hours spent in front of computer. The reasonable part of your mind hints you should trust professionals from a reliable firm like Trade.com. The gambler inside asks for more hormones and emotions.
 

Thoris

Corporal
Messages
153
Hmm, man, this really sounds little bitter. On the the other hand I must admit some of your words really make sense. It's just very difficult to accept the situation as you describe it. Even though your point of view might really be more realistic than mine. Yet, I don't think I'm a gambler. When I day trade, I follow some rules and never exceed the risks I determined as acceptable. But the passion to trading really scares me from time to time. This is why I consider delegating some of trading decisions to other skilled professionals.
 

Clay Davidson

Recruit
Messages
80
Why even discuss these psychological aspects? Trading is all about making money. Get rid of all this psycho-garbage in your mind and compare results. Take your annual return on account and compare it with Trade.com specialists results. They've got 7-32% ROA for their thematic portfolios. Can you over perform those? Great! Trade CFDs yourself. You can't do better? Save your time and trust funds managements to people who know better. That easy!
 
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