This Forex.com review was conducted by the team of Miniforex.com for those who need to know about the Forex.com broker. The Forex.com company is now one of the larger online brokers that is cornering the U.S online retail trading act. The trading platform is managed and owned by a holding company known as GAIN Capital which is in direct race with FXCM for the domination of the U.S market. Extremely regarded by many traders for their honesty, The brokerage is absolutely one of the better online fx brokers for traders to companion with.
Some of the profits which traders can derive from their link with the broker comprise free education, tight spreads, Expert Advisors (EAs) hosting, free market study and 24/7 customer facility.
Trading Platforms
There 2 leading types of trading platforms At Forex.com:
MetaTrader 4 or MT4
ForexTrader PRO
Forex.com MT4 Download
Considered as the industry standard stage for online fx trading, the MT4 platform is packed with tools and features and even permits traders to customize it for automated trading. With the MetaTrader 4, traders also get to access more than 30 kinds of CFDs and 45 foreign exchange marketplaces. You can do a free Forex.com MT4 downlaod at “ForexSQ” Forex.com review page.
ForexTrader PRO
The ForexTrader PRO is a web based trading platform which is completely customizable. The platform is intended specifically for trading fx and features an extensive array of advanced trading tools for example pattern recognition software, advanced charting package and signal.
Both the ForexTrader Pro and MT4 are available as a downloadable version to be installed on separate mobile devices or PCs.
GTX ECN Platform
For traders who succeed, they can gain admittance to GAIN Capital’s GTX ECN platform. The platform is particularly suitable to high net worth expert traders and institutional customers. With GTX Direct, traders will have the profit of ultra-tight spreads, deep liquidity and transparent pricing.
Types of Account
As for the trading accounts at Forex.com, traders can select between a Premium account and a standard trading account. The minimum primary deposit required for a standard account is £/$500. Though, traders are suggested to deposit 3000 dollars to be able to access the complete range of trad-able instruments. Premium account necessitate a greater amount of £/$25,000 to open.
Forex.com Demo Account
A free Forex.com demo account is available for traders who can use the account to practice trading forex assets using the ForexTrader platform on the “TopForexBrokers.com” Forex.com broker review page. Whether investors are seasoned or new to fx trading, the risk free Demo Account is an excellent way to get started on Forexcom by using the full range of the platform and $50,000 of virtual funds for practice trading.
Mobile Trading
For mobile trading you can download the Forex.com broker Google Android application or itunes IOS app for Apple products.
Commission & Spreads
Forex.com does not charge any commission for their services or facilities. In its place, the broker earn by adding a spread on top of the values that traders get from the marketplace. The spreads charged are competitive and variable. They start from as small as 1.2 pips for major pairs like the EUR/GBP. For even more inexpensive spreads, traders can choose to trade through the GTX Direct ECN platform.
Customer Support
Committed to helping their customers succeed, Forex.com deliver their customers assistance on a 24/5 basis. The support team can be contacted through:
- Fax
- Telephone
- Live Chat
Reliability
As for the trustworthiness of Forex.com, the broker is a registered member of the National Futures Association and CFTC. The holding company, GAIN Capital is listed on the NYSE.
The broker is also registered with the UK FCA in acquiescence with the local regulatory requirements. This also means traders will have admittance to the Financial Services Compensation Scheme. Traders are protected up to £50,000 in the event the broker come to be insolvent.
For extra consumer protection, the broker customers’ funds are held in separated accounts. They also have negative Balance Protection to defend traders from a negative balance in the event of opposing market movements.
Pros
- Option To Trade With ECN Platform
- Global Market Leader
- Superior Trade Execution With Reliable Platforms
- Solid Financial Backing With Listed Company Behind
- Tight Spreads
- Regulated Broker
Cons
- Market Maker Broker
Forex.com Review Conclusion
There is no doubt Forex.com broker is a well-known broker in the fx retail marketplace. They have proven themselves to be a broker who is reliable and dependable. In addition to being a regulated broker, traders are provided with greater quality products and services to work. In our books, this broker comes extremely recommended, Wikipedia says.
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