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Forex.com Review
Forex.com general information
Founded in: | 2001 year |
Headquarters: | USA |
Offices in the country: |
Australia, Hong Kong, Canada, Japan |
Minimum Deposit: | 100 $ |
Website: | www.forex.com |
Website languages: | English, Arab, Chinese |
Execution model: | ECN, MM |
Deposit currency: | USD |
Regulated by: |
FCA (United Kingdom) CFTC (USA) NFA (USA) |
Mobile trading: | iOS, Android, Windows Phone |
Types of offered accounts: |
Unlimited Demo Accounts, Standard Accounts, ECN accounts |
Affiliate program: | Yes |
Forex.com Forex broker description
Forex.com is a noble forex trading company that operates under the umbrella of GAIN capitals. Forex.com was established in 2001 and ever since it has managed to draw a lot of clients from all over the world. The long period that it has been on operation has granted it some level of experience in dealing with different clients and gives each the best experience he or she can get.
Trading Accounts
The Forex.com Standard Account
The Forex.com standard account is the normal trading account that is suitable both for new traders and also experienced trader. The standard account will come with the following features and perks to the account holder.
- Ultra-competitive spreads.
- No commissions of foreign exchange trades.
- Access to more than 200 markets including fx pairs, shares, cryptos, indices and commodities
- Access to professional help from their qualified personnel.
The Forex.com Commission Account
This is an account designed to meet the standards of professionals in the forex exchange trade. The commission account offers among the tightest and most lucrative spreads as low as 0.2 plus a $5 commission per 100k on forex trades. Among the features and benefits of a commission account include:
- Tight spreads as low as 0.2.
- Charges a $5 commission per 100k.
- Access to integrated trade ideas from premium third-party trader resources.
The Forex.com Demo Account
The demo account is an account that has been designed to serve clients that are new to the forex trading concept. This account will teach you things such what forex trading is and how to trade using this platform. It has virtual cash that you can use to place trades though without any returns.
The Company. Security Of Funds
As earlier indicated, Forex.com is a subsidiary of GAIN capital, which is its parent company. GAIN capital was formed in 1999 and operates many other forex trading platforms apart from Forex.com. GAIN Capital is a very credible company listed ant the New York stock exchange. Forex.com is a very credible trader having been in the industry for almost two decades. This translates to experience in giving clients what they need according to their respective needs giving them an awesome customer experience.
Its personnel is highly qualified and work round the clock to ensure the comfort and proper relations between the firm and its many clients. Its integrity is one major factor that has helped it survive in the unpredictable environment of forex trading as well as getting them a large client base from all over the world.
Still, on its credibility, Forex.com is licensed and regulated in all its areas of operation and has a clean bill of operating in the Cayman Islands. It has Cayman Islands' approval of operation from the securities investment business law, the territory's monetary authority with a valid license number.
Other regulations and licensing come from the bodies listed below:
- Financial conduct authority from the United Kingdom.
- Financial services authority from Japan.
- Australian services and investment commission.
In a bid to secure clients funds entrusted to the firm, it has put up some measures that will ensure that the funds are kept sound. Among this measures/ include:
- Keeping the clients' funds in a separate account from their own operating funds' account.
- Utilizing the services of top and credible banks for the storage of these funds.
- Never engaging in proprietary trading.
Trading Conditions
The Minimum Initial Deposit
The minimum initial deposit that you need to have your account running is $50 or 50 units of your base currency. It is, however, recommended that you have at least $2500 in your account for you to be able to trade comfortably as well as giving you a shield in your trading prospects.
Trading Platforms
The Advanced Trading Platform
A very sophisticated platform that has been designed to suit serious and very experienced traders to help them in the execution of trades.
The platform come with a lot of features and perks which include:
- Provision of professional analytics tools.
- Integrated trading strategies.
- Advanced charting tools that help in the quick analysis of trades executed.
- Highly customizable trade preferences and dashboards a feature that gives this platform a versatility feature.
- Provision of an excess of 80 technical indicators and trading tools.
The Web Trading Platform
The web trading platform will help you execute your trades over the internet. The platform is compatible with most of the browsers apart from being easily accessible. Among the perks of using this platform include:
- Has advanced charting features.
- Has an abundance in technical and drawing tools.
- Seamless account management in ease in withdrawal and deposit of funds.
- Accessible by most of the browsers available.
- Integrated news and market analysis.
The Mobile Trading Platform
The mobile trading platform comes in the form of a downloadable application that will enable you to deal easily while trading. It is compatible with both Android and IOS operating systems.
The perks of using this platform are not limited to:
- Easy to use platform that is free on download.
- Provides advanced charting and analysis tools.
- Has the integrated fund management for managing your funds.
Promotions
The following are among the presently available promotions at Forex.com.
- An affiliate program that will let you earn a certain commission by having Forex.com’s banners on your website.
- $50 bonus on deposit to a qualified account.
Deposit And Withdrawal Methods
Depositing funds to your account is easy and you can use four ways to achieve this. These are through debit card, wire transfer, eCheck, and Check. Depositing is hassle-free and can take a maximum of only two days to reflect.
Withdrawal is easy and it is just by requesting a withdrawal from ‘MyAccount’ and the request will be processed. The orders will be processed through the means received.
BRIEFLY ABOUT Forex.com
In conclusion, this is among the best forex trading platforms that I have come across. It versatile and has everything in place for every client. This is a very lucrative and popular platform with clients as is evident in the Forex.com customer comments and reviews. This is a very credible trader that I would strongly urge anyone to deal with.
Trading accounts of Forex.com
- FOREXTrader PRO
- MetaTrader
- GAIN GTX Direct
Trading platforms: | FOREXTrader PRO |
Minimum Deposit : | 100 $ |
Deposit currency : | USD - US Dollar |
Trading instruments:
| Forex1:50
Number of currency pairs: 47
CFD's1:50 Amount of assets : 78
Metals1:50
Energy sources1:50
|
Minimum position size:
| 0.01 лотов |
Execution type:
| Market Execution |
Swap Free:
| Not |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 5 characters |
Phone trading:
| Not |
Trading platforms: | MetaTrader 4 |
Minimum Deposit : | 100 $ |
Deposit currency : | USD - US Dollar |
Trading instruments:
| Forex1:50
Number of currency pairs: 47
CFD's1:50 Amount of assets : 78
Metals1:50
Energy sources1:50
|
Execution type:
| Market Execution |
Swap Free:
| Not |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 5 characters |
Speed of execution:
| 1 sec. |
Phone trading:
| Not |
Trading platforms: | FOREXTrader PRO |
Minimum Deposit : | 10000 $ |
Deposit currency : | USD - US Dollar |
Trading instruments:
| Forex1:50
Number of currency pairs: 47
CFD's1:50 Amount of assets : 78
Metals1:50
Energy sources1:50
|
Minimum position size:
| 0.01 лотов |
Execution type:
| Instant Execution |
Swap Free:
| Not |
VIP Account:
| Yes |
Spread type:
| Floating |
Decimal places:
| 5 characters |
Speed of execution:
| 1 sec. |
Phone trading:
| Yes |
Contacts of Forex.com
Recent customer reviews of Forex.com
Advantages: It provides a wide range of markets to trade on. There are no hidden fees, unlike some brokers.
Disadvantages: The minimum deposit there is $100, and it's higher than average. Many trading strategies are permitted there, so it's not suitable for most traders.
Comment: Not the best option, especially if you're just a beginner because it doesn't allow copy trading, for instance. But even if you're an experienced trader, you'll notice the lack of instruments on its MT5 platform, so I don't know if many traders will find it actually good.
Losing money to these online investments can be heartbreaking, there's are a ton of fake binary options, forex trading and cryptocurrency investment platforms out there. I was one of those that invested blindly. Anyway, although I lost a lot of money I was able to get it back thanks to a Recovery Pro. You can reach me to refer you if you have also lost your money in similar way; Chelseamathers852 at gmail com
Advantages: A large number of trading instruments A unique PAMM system for investments Narrow spreads
Disadvantages: Read the comment
Comment: I write in support, swear. We are dealing with the situation. Not fast. But, in the end, everything was blamed on a failure in the terminal, some technical problems there. The deal was canceled. It's generally good that mistakes are recognized. But I would like to avoid such situations. The nerves are not iron. Opened a deal. Steady downward trend. Everything seems to be fine and then the hairpin goes up sharply. The transaction is at a loss. And the minus is not bad. I rushed to analyze the market, monitor other brokers. There is no such hairpin anywhere, as there was a downward trend, so it remained everywhere.
Advantages: Several options for the affiliate program High reputation among users Reliability and security
Disadvantages: Complex registration High entry threshold
Comment: The first couple of months I was a little nervous. I couldn't figure out the bonus promotion and the withdrawal seemed too long to me. But then I figured it out, calmed down and still trade in the company. And this is almost three years. I want to note that the work of this broker's platform is perfect. I would like to have smaller spreads, but it doesn't matter. I have used signals from different sources many times and I can say that they are probably the highest quality in yumarkets. I have already got used to the fact that the money ordered for withdrawal has to wait about a week.
Forex.com webinars and seminars
Forex.com’s webinars are led by its team of professionals with the objective of providing real-time trading ideas and insigh ...
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