FOREX.com Review | Expert Forex Broker Review

forex.com review

Whether you are a experienced trader or newcomer to Forex trading, you need a better Forex Broker. If your Forex Broker sucks your profit may decrease before you realize. So Are you sure you are with the right Forex Broker? You may want to change your current Forex Broker after reading this Expert FOREX.com review. Lets skip to the FOREX.com Review.

FOREX.com Origin

FOREX.com is a Forex broker website which is currently operated by Gain Capital Holdings, Inc., a financial services company that’s been in business since 1999. Gain Capital Holdings is also listed in New York Stock Exchange. The broker is regulated by the Financial Conduct Authority in the UK and is regulated in seven jurisdictions around the world. They are as follows.

  • Commodity Futures Trading Commission (CFTC) – US
  • National Futures Association (NFA) – US
  • Financial Services Agency (FSA) – Japan
  • Securities and Futures Commission (SFC) – Hong Kong
  • Monetary Authority of Singapore (MAS)
  • Cayman Islands Monetary Authority (CIMA)
  • Australian Securities and Investments Commission (ASIC)
  • Investment Industry Regulatory Organization of Canada (IIROC)
What FOREX.com got to offer

FOREX.com offers their traders mainly 2 types of trading accounts as standard trading account and Active Trader account. The minimum deposit for the standard account is $50 and the Active Trader account requires a minimum deposit of $20,000 to open. Also an Active Trader account has a separate Relationship Manager’ to help you with your trading needs. Finally FOREX.com offers a demo account of $50,000 for traders of all levels.

The Cost of trading is one of the most important factor when choosing a Forex broker. This comes in two parts. First the spreads and commissions and the second swap rates. For daily traders swap rates are not important, but spread are very important. FOREX.com charges a spread of 1.7 pips on the EUR/USD currency pair and for  GBP/USD is 2.1 pips within its Standard account. No commissions charged, so you get what they say about spreads.  Also spreads can be very low in Active Trader account which some times can be as low as 0.4 pips.

FOREX.com offers a wide range of 45 currency pairs, CFD’s in 10 global indices and commodities and also the broker offers Equities, Bonds and Rates. Traders can also trade options in CFDs, Spot forex and binaries. These things are offered in GET which is now a part of FOREX.com itself.

forex.com


Learning on FOREX.com

FOREX.com offers a learning center which other Forex brokers does not. If you are a self-study person the “Learn to Trade Forex” course allows you to study everything about pips, margin, technical analysis & tools, charting, and more. When you are taking this course you get a demo account with $50000 funds to apply the lesson in a practical approach.

The interactive course offer the traders to study online by using interactive tools and videos which illustrate how to understand chart patterns, anticipate market moving events and manage risk. This course offers a demo account with $50000 too. The video series of FOREX.com is helpful for the beginners to for more in-depth understanding of how the various platforms work. There is also webinars on FOREX.com which requires pre registration. Also they offer live daily market updates, weekly insights, quarterly outlooks and other special reports.

Trading Tools

Tradable is an interesting tool that FOREX.com offers for almost all the traders in any experience level. It has a selection of built in apps designed to meet all comfort levels. Traders can customized the platform to meet their individual needs. eSignal gives FOREX.com traders to access more than 40 customizable indicators and drawing tools including Gann Lines, Donchian Channels, Fibonacci Circle and more.

Platforms

FOREX.com is a broker with many trading platforms. Check out all the platforms you can make trades.

  • WebTrader – This is the FOREX.com web trader. Easy access web-trading! Login from any of your favorite browser and trade. No download necessary.
  • MetaTrader 4 – As all of you know this is the standard MetaTrader 4. It is by all means one of the best choices you can make. MT4 is an internationally acclaimed trading terminal, offering a full spectrum of trading tools and resources. Just know that it required downloading and installation.
  • Mobile Web for mobile trading
  • Mobile apps for iOS and Android Smartphones
Banking Options

FOREX.com offers a minimum deposit from 50$. FOREX.com supports a range of deposit and withdrawal methods. To start a withdrawal your account must be fully verified. Followings are the withdrawal options.

  • Credit Cards – VISA, VISA Electron, MASTER CARD, MAESTRO, UNION PAY
  • Bank Wire Transfer
  • Sofortbanking

Here’s the deposit methods options

  • Credit Cards – VISA, VISA Electron, MASTER CARD, MAESTRO, UNION PAY
  • Bank Wire Transfer
  • Sofortbanking
Customer Support

24/7 customer support is available on FOREX.com via email, telephone and live chat. Live chat is very responsive.

Advantages
  • Lots of learning materials
  • Wide range of assets
Disadvantages
  • Allows only 2 accounts
  • No promotions or bonuses.
  • Limited Withdrawal/Deposit methods

Now you’ll love to open a trading account with FOREX.com. You can create a demo account if you are new to Forex or you can open a live account directly and start trading. Create an account from the below links.

Open Live AccountOpen Demo Account

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