FOREX.com
FOREX.com
Details
| Broker | FOREX.com |
|---|---|
| Website URL | https://www.forex.com |
| Founded | 1999 |
| Headquarters | 16 Finsbury Circus, London, EC2M 7EB |
| Support Number | 08000567928 |
| Support Types | email , fax , live chat , telephone |
| Languages | multiple languages supported |
| Trading Platform | Advanced Trading Platform | Web Trading Platform | Mobile Platforms | MetaTrader 4 |
| Minimum 1st Deposit | 50$ |
| Minimum Trade Amount | 0.01 lots |
| Bonus | No Bonus |
| Leverage | 1:50 for US accounts, 1:400 for Non-US accounts |
| Spread | floating |
| Free Demo Account | Open Demo |
| Regulated |
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| Regulation | Regulated by FCA, ASIC, FSA, CFTC, IIROC, NFA, SEC and SFC |
| Fees |
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| Account Types | Forex.com Account , Metatrader 4 |
| Deposit Methods | Debit Card , Wire Transfer , eCheck , Check |
| Withdrawal Methods | Debit Card , Wire Transfer , eCheck , Check |
| Number of Assets | 300+ |
| Types of Assets | Currencies , Commodities , Indices , Crypto Currenceis , Shares |
| US Traders Allowed |
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| Mobile Trading |
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| Tablet Trading |
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| Overall Score |
FOREX.com is one of the larger online brokers, owned and managed by a holding company known as GAIN Capital. Some of the benefits they offer to their clients are free market research, free education, Expert Advisors hosting, tight spreads and 24/7 customer support. FOREX.com is a trading name of GAIN Capital UK Limited, a company incorporated in England and Wales, authorized and regulated by the Financial Conduct Authority. Besides that, it is regulated by other regulatory agencies like Canada’s Financial Services Agency, National Futures Association, Securities and Exchange Commission, etc.
Since 2001, the company had connected independent traders to the potential of the global currency markets. Over the years, forex.com managed to expand its area of influence to other markets like indices, shares, commodities, and cryptocurrencies, currently covering 300+ global markets.
Trading Platforms
The Advanced Trading Platform is FOREX.com’s desktop platform providing clients with some of the most sophisticated trading features for active currency traders. With integrated trading strategies, you can choose from over 100 templates and customize them based on your requirements. You can also create your own templates in C#, .NET, and Visual Basic. Fully customizable dashboard, multiple order types, hedging tools, and others are the features available with the advanced trading platform.
Compatible with all browsers and operating system, the FOREX.com Web Trading platform claims to provide speed and simplicity while delivering a superior trading experience. Smart trade ticket with advanced risk management options, as well as pre-defined customizable layouts are available for clients. Powerful charts with integrated one-click dealing should also be mentioned as an important feature.
FOREX.com Mobile allows you to trade while on the go, with full-featured trading and advanced risk management options. Integrated fund management and real-time trade & order alerts are also available for you.
Despite offering a variety of proprietary platforms, FOREX.com still has several versions of MetaTrader 4. Desktop, Web-based, Mobile, and MT4 VPS Hosting are all of them, offering everything you need to trade on any kind of device.
Accounts and trading conditions
Even though FOREX.com is one of the few online brokers that accept US-based customers, the trading conditions are very restrictive for them, as compared to the rest of the world. Maximum leverage is 1:50 and the broker does not accept deposits via credit cards. Forex trading is roughly regulated by public agencies, which makes it hard for most of the aspiring to managed to trade in the same conditions as compared with other European countries, for example.
In terms of trading accounts, as a client, you can choose from a FOREX.com account and a MetaTrader account, depending on the platforms you are willing to use. The downside is that you won’t be able to trade on both a proprietary platform and MT4 with the same trading account.
Customer Support
Forex.com is committed to helping its clients, that’s why they provide assistance on a 24/5 basis via email, fax, live chat, and telephone. Since it is one of the oldest brokers in the world, it has gained the status of a global market leader, always in touch with his clients.
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