Forex.com Review


Forex.com is a well-established broker since 1999. Forex.com has headquarter in Australia, United Kingdom and United States. They are generally well-suited for Forex.com to provide their Forex/CFD trading services to global clients.


This broker has also been regulated by CFTC/NFA 0339826, FCA (UK) 190864, FSA (Japan) 1539 and IIROC May 10 2012. Simple yet detailed information upon this broker can be seen below.


Company Information

Website
forex.com

Established
1999

Country
Australia, United Kingdom and United States

Regulation
CFTC/NFA 0339826
FCA (UK) 190864
FSA (Japan) 1539
IIROC May 10 2012

Features

Free education

US traders are welcome

Account Information

This broker offers Standard and Mini. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Forex.com is up to 1:200. Meanwhile, you can open an account with a starting capital of $250

If you want to look for further information about this broker's offered account(s), please take a look at the list below.


Minimum Deposit

$250

Maximum Leverage

1:200

Spread

Variable


Minimum Deposit $2500

Minimum Position 1 lot

Spread Variable

Scalping

Expert Advisors

Pending orders

Browser-based platform

Instruments Traded

Besides lots of currency pair, Forex.com also offers some instruments you would like to trade on, such as Forex and CFD for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:100

CFD
1:200


Minimum Deposit $250

Minimum Position 0.1 lot

Spread Variable

Scalping

Expert Advisors

Pending orders

Browser-based platform

Instruments Traded

Besides lots of currency pair, Forex.com also offers some instruments you would like to trade on, such as Forex, CFD and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.


Forex
1:200

CFD
1:200

Cryptocurrencies
1:4

Payment Methods

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

Forex.com also provides paymen with Credit/debit cards and SOFORT

Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, Forex.com offers you MetaTrader 4 (Limited with 30 days), DealBook 360 (Limited with 30 days), FOREXTrader PRO (Limited with 30 days) and Forex.com Website Trading.

Customer Support

Do you have any question or find any trouble related to Forex.com? If you do, you should reach Forex.com's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

Chinese
English

Office
Support

Email
Support

Call
Support

Chat
Support

Extensive Review

FOREX, also known as FOREX.com, is one of the global market leaders in the financial industry. Established in 2001, FOREX is a part of Gain Capital Holdings specifically meant for FX & CFD trading on powerful trading platforms and the popular MetaTrader 4.

Similar to its parent company, FOREX has been licensed by various financial watchdogs, including the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) from the US, the Financial Conduct Authority (FCA) from the UK, the Investment Industry Regulatory Organisation from Canada, as well as the Financial Services Agency from Japan.

For traders in South East Asia and the Middle East area, FOREX has been operating under the regulation of the Cayman Islands Monetary Authority.

Quality execution on every trade, transparency, and competitive pricing are some of the most optimized services in FOREX.com. As per Q3 2019, the broker's total assets reached $1.288 billion and the total customer equity amounted up to $849.8 million.

FOREX presents its clients with the best freedom to trade in 300+ global markets including 80+ FX pairs, 220+ shares, indices, commodities, and cryptocurrencies. Spreads on each asset are displayed live in FOREX.com's official website, with EUR/USD having a spread as low as 0.8 pips.

For the trading platform, FOREX provides two major options: its in-house platform and MetaTrader 4. Both types are available in various devices and can be accessed as a web-based platform and mobile app. Furthermore, FOREX's proprietary platform is furnished with advanced charting tools like 70+ technical indicators, a host of time intervals, multiple chart types, 50+ drawing tools, and customization features.

FOREX has three account types; two are classified by the trading platform, while the other one is specially reserved for experienced clients. Trading conditions in all accounts are quite similar to each other.

Apart from those services, FOREX also provides guidance and supports in the forms of real-time trade signals and analysis tools from Autochartist and Recognia. There are also trained market strategists to work with on developing a trading plan, as well as market analysis to keep clients Stay informed with real-time market insights and actionable trade ideas from FOREX's research team.

Account funding and withdrawal are enabled via bank transfer. However, there are no further details on the minimum amount of each process. FOREX also does not seem to present other options for payment methods like credit card or even e-payment.

Generally, FOREX is a reliable FX and CFD broker based on its regulations and long-standing history since 2001. Clients can trade in either FOREX's platform or MetaTrader 4 with competitive spread and pricing. Still, FOREX is one of the top-tiers in the brokerage industry that adheres to strict regulations of prestigious financial regulators.

Some of its trading conditions may not suitable for retail traders with barely enough experience or small capitals. Despite it all, FOREX.com hosts one of the most accomplished material packages when it comes to financial trading.


Give Your Review and Rate This Broker



2 Reviews


Brian Kernel

Jul 22 2020

Forex.com takes a long time to withdraw (it can take more than 1 week). Somehow, Forex.com is a well-known and clearly registered broker. The important thing of this broker is their pair has a suffix (EURUSD to EURUSDPRO). For EA users, this suffix is quite annoying. It must be modified related to EA code as well.

Devina

Jul 22 2020

Forex.com is a good broker. I have tried the demo and planned to move to a real account sooner. My first deposit is going to be USD5,000.00. I wish it goes well xoxo