Forex.com Ratings & In-Depth Review
|Broker Type||Market Maker|
|Regulations||NFA, CFTC, FSA(Japan), FCA, ASIC, CIMA, IIROC|
|Account Base Currency||USD CAD GBP|
|Trading Platforms||Advanced trading platform, Metatrader 4, mobile trading, web trading|
|Markets||Forex, Gold and silver, indices, shares, commodities, cryptocurrency (in select countries)|
|Funding Options||Debit/credit card, eCheck, Bank wire, Check(select countries),Paypal(select countries)|
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Forex.com In-depth Review
Overview: Gain Capital Holdings, the company that runs Forex.com is regulated by the FCA in the UK and the respective regulatory agencies in the US (NFA) , Japan, Hong Kong, Singapore, Cayman Islands, Australia and Canada. It is popular with beginners and advanced traders alike, with a proprietary platform Advanced Trading that offers plenty of charting capabilities and intuitive trading tools.
Accounts: Standard account with a minimum $50 deposit and high-volume Active Trader accounts are available. Within these account types, individual account, joint account and corporate accounts are available. Traders enjoy the security of having their funds protected in segregated accounts in top tier global banks. The brokers offer spreads of 1.9 pips to 0.84 pips depending on the type of account. With an Active Trader status, it is possible to trade the EUR/USD pair as low as 0.4. Demo accounts allow traders to test out strategies not only on the MT4 platform but also on the broker’s proprietary Advanced Trading platform.
Minimum Deposit: $100
Maximum Leverage: 1:50
Features: Forex.com offers over 80 currency pairs for trading, which members can trade either through the Advanced Trading platform, MetaTrader 4, web trader or mobile app. The Advanced trading platform is for institutional and professional traders. Advanced Trader is a platform with mobile and desktop solutions, tight variable spreads, price improvement feature, 5 digit pricing, the option to choose instant or market execution, custom watchlists, price alerts, open API and a host of analysis tools.
Education: Forex.com offers plenty of resources for learning and research, both for beginners and advanced traders. Trader courses and quizzes are available for learning from beginners to advanced traders, while there are plenty of tools for technical and fundamental analysis.
Deposits/Withdrawals: Deposits and withdrawals are possible via wire transfer, debit and credit cards, paypal (in certain countries,UK) and personal check in the US, with minimum transactions of $30 depending on from what country you register in.
Customer Service: Support is available 24/7 via telephone, email and live chat