Forex.com Review
Overview
Company Information If you are looking for a broker that serves the US, well, Forex.com is should be your most adequate choice. The brand is one of the largest online… more
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| Broker | Forex.com |
|---|---|
| Website URL | http://www.forex.com/uk/index.html |
| Founded | 2000 |
| Headquarters | London, United Kingdom |
| Support Number | +44 (0) 20 7429 7900 |
| Support Email | ukinfo@forex.com |
| Support Types | Phone, Live Chat, E-mail |
| Languages | English, Cantonese, Arabic |
| Minimum Trade Amount | 0.01 lots |
| Free Demo Account |
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| Regulated |
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| Regulation | Financial Conduct Authority (FCA) |
| Account Types | Premium, Forex Trader PRO |
| Deposit Methods | Debit / Credit Card, Sofortbanking, Wire Transfer |
| Withdrawal Methods | Debit / Credit Card, Sofortbanking, Wire Transfer |
| Types of Assets | Forex, Indices, Commodities |
| Account Currency | EUR, USD, CHF, AUD, NZD, CAD, JPY |
| US Traders Allowed |  |
| Mobile Trading |
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| Tablet Trading |
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Full Review
Company Information
If you are looking for a broker that serves the US, well, Forex.com is should be your most adequate choice. The brand is one of the largest online retailers in the States. The holding company behind it is known as GAIN Capital, and it’s part of the two largest competitors in the industry. The other US financial trading giant is known as FXCM. The online broker is highly regarded by many traders. With more than 15 years of professional experience, Forex.com is also globally recognized brokerage provider that serves nowadays more than 200 000 clients worldwide. The company is financially stable and even listed on the New York Stock Exchange. Even the most sceptical traders can’t deny the fact that Forex.com is regulated by seven different authorities, which is proof enough for safety and extreme reliability. The American broker abides by the rules of FCA (Financial Conduct Authority) mainly, as well as the other regulative organisations. If you are looking for reputable and technologically advanced company, Forex.com should be your natural choice. The extensive training courses and useful materials provided by the broker are also a great way for novices in the financial markets to learn the aspects of trading and become successful. Forex.com offers excellent opportunities for newbies and experts.
Trading Information
The US based company is surely one of most competitive brokerage providers. The extended range of markets includes over 45 different Forex pairs, 10+ CFDs and commodities (Oil and Gold). The spreads are extremely tight and variable. They start from 1.2 pips for the major pairs and increase progressively for the most exotic currencies. No commissions are involved in most of the trading operations. As for the maximum leverage, it is limited to 1:400 for Forex pairs and 1:200 for both indices and commodities. Traders are free to pick one from the two offered account types – Standard and Premium. Clients with Standard profiles have access to essential services provided by Forex.com. However, Premium users can take advantage of the better trading environment and a whole package of benefits.
Trading Platform
Forex.com show an exemplery policy when it comes to trading platforms. The online broker has three different choices that its clients can use. Let’s start with the most famous of them and namely – MetaTrader 4. It’s a well-known trading software favoured by many. The US company is well aware that MT4 is a must for every successful brokerage provider. For those who prefer web-based experience, Forex.com supports FOREXTrader Pro, which a fully customizable trading platform, perfeclty designed for currency operations an equipped with various tools and advanced systems. Both programs are easily installable and can be accessed from mobile devices and desktops. At last but not least, there is GTX ECN platform, which is specially created by GAIN Capital. The software targets high net expert traders and corporate clients. It’s not a publicly available trading platform, as it provides tight extra spreads and very deep liquidity.
Security and Customer Services
All customers should be well aware that Forex.com is an entirely reliable broker. It participates in FSCS (Financial Services Compensation Scheme), which is a form of insurance that can cover up to £50 000. The numerous regulative organisation that cover the company can also provide extra peace of mind for the clients. The website of Forex.com is also entirely secured. The web application employs SSL encryption during the registration process with certification provided by DigiCert. All the necessary login information is transferred to the downloadable software, which is also highly protected.
As for customer care and services, the company can be labeled as one of the best in the branch. There are various contact channels where the client reaches out for immediate support. There live chat, emails, phone numbers, fax and call back service available 24/5. The customer department is very responsive and polite. It handles almost every issue with ease and significant speed. Four different languages are also served for foreign clients.
Deposits and Withdraws
There are minimum deposits set by the broker, which mainly depend on the account type. The Standard client profile requires no less than $500. However, traders who want to receive full access to all the instruments should invest at least $2500. The Premium account allows a minimum amount of $25 000. Unfortunately, Forex.com provides limited options for deposits and withdraws as the regulations employed by the USA government are harsh. You can review them in the table.
Deposit Bonus and Loyalty Program
Deposit bonuses or any other kind of promotion are not offered at this time. To compensate for this absence, Forex.com provides countless benefits on the premium account option. In some sense, this profile acts as a bonus trading environment for those who decide to invest more. The primary benefits include 15% off the trading costs associated with Forex pairs. Also, the account balance earns interest, which can be considered as extra profit from your money. The Premium account is also stipped from any banking fees. Forex.com will support their VIP customers with a personal trading specialist part of the professional analytics team in the company
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