Any site offering access to brokerage companies has a revenue model behind it. Here we write down ours: what clients pay us for, what partners pay us for, and what it costs you.
Trading.md is not a brokerage company. We do not open accounts, we do not execute orders and we hold nobody's money. We do education, support and intermediation between people and regulated brokerage companies.
Our company's revenue comes from three directions: paid courses and consultations, a share of the trading costs (with no mark-up) that partners collect from clients who came through us, and the company's own-capital investments.
Each direction has a different payer. That is why we explain them separately.
Courses and some consultations have a public price, shown on each one's page. The first consultation — the needs assessment — and technical-support consultations for active accounts stay free.
Articles, guides, the glossary, the material library and the public tests are free and require no account opened with any partner.
It is the direction we develop most actively, and the only one where the payer is you.
You open an account with one of our partners, through the link on our site. You trade at that company's public rates — spread, commission, swap. Out of the costs it collects from you, the partner returns a share to us, under the partnership contract, for the services we provide: information, onboarding and support.
If you opened the account directly on the partner's own site, you would pay exactly what you pay now.
Our company invests its own capital on the international markets, through the same partners we offer clients.
We are exposed to the same rates, the same platforms and the same identity-verification and withdrawal procedures.
The results of these investments are not used as a sales argument.
It is the only direction where the money comes directly from you. That is why its rules are written first.
Every course and every paid consultation has its price shown on its own page. There are no rates that appear only over the phone, and no packages negotiated in private.
The material explains markets, instruments and risk management. Choosing a brokerage company is a separate conversation, with published criteria.
The certificate of attendance shows you went through the course. The certificate of completion is issued only after passing the final test.
Articles, guides, the glossary, the public tests and the library require no payment and no account opened with a partner. They are not closed off behind an opened account.
Five steps, from opening the account to the share that reaches us.
You open an account with a partner, through the link on our site. The link tells the partner you came through Trading.md.
Your account, your money and your orders sit with the partner, in its jurisdiction. Not with us.
You trade at the partner's public rates, the same for all of its clients.
The partner withholds the cost of the trade — spread or commission. The cost does not rise because you came through us.
Out of the cost already withheld, a share comes to us. It is calculated on the traded volume.
Your money never passes through our company's accounts. We have no access to your trading account, we cannot place orders in your name and we cannot withdraw anything from it.
An intermediary paid out of a share of the cost the client pays the provider anyway is the usual structure in the distribution of financial products. It is used at every level, including by large, exchange-listed banks.
When you buy an investment fund through a bank or a brokerage company, part of the fund's annual management fee goes back to whoever brought you into that fund. The practice has names of its own in legislation and in professional documents:
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The only difference from our model is the source. With funds, the intermediary's share comes out of the annual management cost. In trading, it comes out of the cost of the trade. The mechanism is the same, and the consequence for the client is the same: the fund's fee stays identical for all of its investors, even when the manager pays no retrocession to anyone.
In the European Union the practice is allowed, but strictly regulated. The share the intermediary receives must bring the client a real benefit and must be shown separately from the other costs, not blended into them.
There are also services where the intermediary may receive nothing at all from the product's provider. In independent investment advice and in portfolio management, the firm may be paid only by the client, directly, through the fee agreed with them. The logic of the ban is simple: where someone picks products in your place, they may not be paid by whoever makes them. Each member state may extend the ban to other services.
The sound rule is the same everywhere the practice is regulated: whoever receives such a payment says openly that they receive it, and out of what. That is why the page you are reading exists.
We are paid only for as long as the client trades on a live account. When the account is lost, our remuneration stops with it.
Everything else follows from that. We want the people who come through us to be well prepared, above all on risk control, to have comfortable trading conditions, and to be able to work for years without having to change anything.
The courses and materials are not an add-on beside intermediation. A trader who understands risk management stays in the market. One who does not leaves quickly, account and all.
We tell nobody to trade more often or in bigger size. Chasing lots, or large and fast profits, raises the risk of losing the account. The risk-management rules taught in our courses say exactly this.
When we negotiate with a partner, we ask for better-than-standard public conditions for clients who come through us. Where we obtained them, it is written on that partner's page.
We trade and invest individually, through the same partners. We do not offer others a field we do not enter ourselves.
Three reasons, all consequences of our own choices.
Within the legal framework, intermediation revenue comes only from the client's trading cost. There are no other sources, and it shows in the margin.
Selection starts from regulation and from the costs to the client. Our share is calculated out of that cost: a low cost for the client means a small share for us.
Low costs, like safety, are the first thing someone who has traded for years compares. We want our clients to be comfortable.
The third direction involves no client at all. The company invests its own money, at its own risk, and goes through exactly the same procedures a client does.
There are no managed accounts, neither for clients nor for third parties. Every investor manages their own account, opened in their own name.
We invest through the same partners we offer clients: the same rates, the same platforms, the same identity checks and the same withdrawals.
We do not use the results of the company's investments to convince anyone to open an account or buy a course. A past result, ours or anyone else's, says nothing about yours.
The list below matters as much as the list of revenue sources.
No. The partner's rates are the same for all of its clients, whichever route they arrived by. Our share is taken out of the cost the partner has already collected, with no mark-up. At some partners we negotiated better-than-standard conditions for our clients — there you pay less, not more.
The first conversation is free, lasts as long as it needs to, and does not have to end with an account being opened.
Trading.md is a portal operated by Royal Consulting SRL (IDNO 1012600000608). We are not a brokerage company and we do not provide investment services. Trading accounts are opened directly with the regulated partners, which are responsible for executing orders and holding funds. Trading and investing carry the risk of losing capital. The information on this page describes the company's revenue model and does not constitute investment advice.
