FOREX.com

FOREX.com

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Details

BrokerFOREX.com
Website URLhttps://www.forex.com
Founded1999
HeadquartersUnited States
Support Number08000567928
Support Typesemail , fax , live chat , telephone
LanguagesEnglish , Chinese
Trading PlatformMetatrader 4 | ForexTrader PRO | GTX ECN Platform
Minimum 1st Deposit250$
Minimum Trade Amount0.01 lots
BonusNo Bonus
Leverage1:50 for US accounts, 1:400 for Non-US accounts
Spreadfloating
Free Demo Account Open Demo
Regulated Yes
RegulationRegulated by FCA, ASIC, FSA, CFTC, IIROC, NFA, SEC and SFC
Fees Yes
Account TypesForex.com Platform , Metatrader 4
Deposit MethodsCashier's Check , Wire Transfer
Withdrawal MethodsDebit Card , ACH Payment (US Accounts only) , Wire Transfer , Check
Types of Assetsforex, commodities, CFDs, Indices
US Traders Allowed Yes
Mobile Trading Yes
Tablet Trading Yes
Overall Score

Brief description

Forex.com is one of the larger online brokers, owned and managed by a holding company known as GAIN Capital. Some of the benefits they offer to their clients are: free market research, free education, Expert Advisors hosting, tight spreads and 24/7 customer support.

Even though it was founded in the US, one of its main offices is located in UK, thus being regulated by the Financial Conduct Authority. Besides that, it is regulated by other regulatory agencies like: Canada’s Financial Services Agency, National Futures Association, Securities and Exchange Commission etc.

Trading Platforms

Forex.com has 2 main trading platforms available for their clients:

  • MetraTrader 4 – which is regarded as the standard platform for online forex trading. With it Forex.com offers access to more than 45 forex markets and more than 30 types of CFDs.
  • FOREXTrader Pro – a web based platform, fully customizable. It is designed specifically for trading forex and contains a huge variety of trading tools like: advanced charting package and pattern recognition software.

There is, however, a third platform, GTX ECN Platform, which is only for high net worth professional traders and institutional clients.

Even though FOREX.com is one of the few online brokers that accept US-based customers, the trading conditions are very restrictive for them, as compared to the rest of the world. Maximum leverage is 1:50 and the broker does not accept deposits via credit cards. Forex trading is roughly regulated by public agencies, which makes it hard for most of the aspiring to managed to trade in the same conditions as compared with other European countries, for example.

Customer support: Forex.com is committed to helping its clients, that’s why they provide assistance on a 24/5 basis via: email, fax, live chat and telephone.

Since it is one of the oldest brokers in the world, it has gained the status of a global market leader.

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