|Support Types||email , fax , live chat , telephone|
|Languages||English , Chinese|
|Trading Platform||Metatrader 4 | ForexTrader PRO | GTX ECN Platform|
|Minimum 1st Deposit||250$|
|Minimum Trade Amount||0.01 lots|
|Leverage||1:50 for US accounts, 1:400 for Non-US accounts|
|Free Demo Account||Open Demo|
|Regulation||Regulated by FCA, ASIC, FSA, CFTC, IIROC, NFA, SEC and SFC|
|Account Types||Forex.com Platform , Metatrader 4|
|Deposit Methods||Cashier's Check , Wire Transfer|
|Withdrawal Methods||Debit Card , ACH Payment (US Accounts only) , Wire Transfer , Check|
|Types of Assets||forex, commodities, CFDs, Indices|
|US Traders Allowed|
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.
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.Visit Broker