Wahed Invest vs Trade.com

Wahed Invest vs Trade.com Comparison Table 2024
Wahed Invest Trade.com
3.1
3.7

Wahed Invest is an ethical investment platform and robo-advisor aimed at Muslim investors. The firm is overseen by the Sharia Review Bureau, offering a range of stocks, ETFs, sukuk and gold. With a reasonable $100 minimum deposit and strong regulatory oversight, the firm has become an accessible option for over 200,000 investors.

Trade.com is a trustworthy online broker with a global presence. The broker offers 2,100+ CFDs in major markets, as well as futures, options and more. The broker offers best-in-class platforms and superior analysis tools for experienced traders. The broker is also regulated by top-tier authorities including the FCA and CySEC.

% of retail CFD accounts lose money.
Comment by Reviewer
"Wahed Invest is a great option for Muslim traders looking to invest in ethical securities with straightforward pricing and flexible risk parameters." "Trade.com is a top pick for experienced investors looking for diverse markets, including IPOs and bonds with competitive DMA pricing."
Pros
  • Commitment to ethical investing with rigorous screenings, plus Waqf practices to ensure income generated from assets is donated
  • The broker's fee covers all custodian fees and transaction fees and traders are never charged for account balances of zero
  • Strong regulation by the SEC in the US and the FCA in the UK, plus membership with the Shariah Review Bureau
  • Six flexible investment portfolio styles, from Very Conservative to Very Aggressive, plus a rebalancing service
  • Engaging blog featuring Islamic finance education and awareness, updated regularly
  • Low starting deposit
  • Free demo account for new traders
  • DMA investing with low trading fees
  • Full range of investments including CFDs and spread betting
  • Advanced trading platform with a suite of analysis tools and order types
  • Support for the market-leading MetaTrader 4 platform and mobile apps
Cons
  • Platform is not as advanced as other competitors
  • Higher fees than other investment firms
  • Bank card funding not available
  • $100 minimum withdrawal
  • No live chat support
  • No bonuses for EU residents
  • Copy trading withdrawn
Instruments
Stocks, Sukuk, Gold Forex, CFDs, Indices, Shares, Commodities, ETFs, Bonds, Cryptos, Warrants, IPOs, Futures, Mutual Funds, Fixed Income, Options
Demo Account
No Yes
Minimum Deposit
$100 $100
Trading Platforms
  • Own
  • MT4
  • MT5
  • TradingView
  • TradingCentral
Payment Methods
Minimum Trade
Variable 0.01 Lots
Regulator
SEC, SRB FCA, CySEC, FSC, FSCA, FINRA
Margin Trading
No Yes
STP Account
No No
ECN Account
No No
DMA Account
No Yes
MAM Account
No Yes
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
Yes No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Robo-advisor Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes (MT4 & MT5)
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes Yes
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$25
Islamic Account
Yes No
Account Currencies
  • USD
  • GBP
  • MYR
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Access over 2,000 CFDs across diverse markets including indices, commodities and bonds. There is also premium daily analysis and strategy resources for savvy traders.
Leverage
1:30 (EU), 1:300 (Global)
FTSE Spread
1.4
GBPUSD Spread
0.8
Oil Spread
2.0
Stocks Spread
Variable
Forex Trading
Forex trading not offered As well as a competitive selection of 55+ forex pairs, traders can access high leverage up to 1:300. You can also enjoy advanced analysis from Trading Central with easy integration into MetaTrader 4.
GBPUSD Spread
0.8
EURUSD Spread
0.8
EURGBP Spread
1.6
Assets
55+
Cryptocurrency
Crypto trading not offered Over 10 of the most popular cryptos are available with leverage of 1:2. With just a $100 minimum deposit, traders can benefit from advanced crypto analysis tools.
Spread
Raw spread + 0.5% commission
Coins
  • BTC
  • BCH
  • DSH
  • ETH
  • LTC
  • XRP
  • DOT
  • EOS
  • LINK
  • XLM
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
% of retail CFD accounts lose money.
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