Forex.com Reviews and Ratings
| Website | https://www.forex.com/ |
| Live Chat | YES |
| Telephone | 1.855.317.9242 |
| Broker Type | Market Maker |
| Regulations | NFA, CFTC, RFED, FCA |
| Min Deposit | $50.00 |
| Account Base Currency | USD CAD GBP |
| Max Leverage | 50:1 |
| Trading Platforms | FOREXTrader, Metatrader 4 |
| Markets | Forex, Gold and silver, Futures & Options |
| Bonus Offered | None |
| Funding Options | Debit/credit card, eCheck, Bank wire, Check, |
| US Clients? | YES |
- Islamic Accounts
- Demo Account
- Copy Trading
- Cryptocurrency Trading
- MT4 Platform
- MT5 Platform
- cTrader
- Free Education
- Mobile Trading
- Web Trading
- Scalping Allowed
- Hedging Allowed
Forex.com Review
Overview
Gain Capital Holdings’ 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 FOREXTrader Pro that offers plenty of charting capabilities and intuitive trading.
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 FOREXTrader PRO platform.
Minimum Deposit
$50
Maximum Leverage
1:50
Features
Forex.com offers over 50 currency pairs for trading, which members can trade either through the FOREXTrader Pro platform, MetaTrader 4 or Gain Capital’s GTX ECN platform.
This ECN platform is for institutional traders. ForexTrader 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, 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, while there are plenty of tools for technical analysis.
Deposits/Withdrawals
Deposits and withdrawals are possible via wire transfer, debit and credit cards, with minimum transactions of $30.
Customer Service
Support is available 24/7 via telephone, email and live chat.
There's more..
What is Forex.com trading volume ?
The Average monthly trading volume is approximately 485 billion ($) which one of the highest among retail Forex brokers.
Forex.com vs Oanda – Which one is the winner?
Oanda and Forex.com have alot in common. Both brokers are regulated by the CFTC allowing them to offer forex accounts to US clients. Both brokers are truly “global” being regulated around the world.
Between the two brokers, Forex.com stands slightly above the other. Offering more in features and performance.
Is Forex.com an ECN Broker ?
Forex.com is not an ECN broker. Their broker type is a non dealing desk market maker.
Can I trust Forex.com ?
Forex.com is one of the most trustworthy retail Forex brokers. Being a truly global broker and regulated in many countries, shows that they have the capital requirements and are serious about doing business while following all the rules.
Forex.com is regulated in some of the most strict regulatory bodies in Forex, The united States and Japan being some of the toughest.
User reviews: Check out more Forex.com Reviews below.
ESMA & FCA Risk Warning – “CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk”
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