Forex.com Review

Min. Deposit: $100

 

ABOUT FOREX.COM 

Forex.com is one of the largest CFD and retail forex brokers you could ever find. The company was founded in 2001 as part of GAIN Capital Holdings. It is an established and reliable global online broker that properly caters for individuals that are looking to trade CFD markets and the retail FX.

Globally, Forex.com has been able to facilitate access to more than 180 markets, including stocks, crypto currencies, forex pairs and commodities to provide trading opportunities for all types of traders.

FOREX.COM MARKET REGULATIONS

User reviews are constantly impressed that Forex.com is regulated in a variety of jurisdictions and also adheres to a high standard of corporate governance. The broker is regulated by:

  • Canada’s Financial Services Agency (FSA)
  • UK’s Financial Conduct Authority (FCA)
  • National Futures Association (NFA)
  • Investment Industry Regulatory Organization of Canada (IIROC)
  • Securities and Exchange Commission (SEC)
  • Cayman Islands Monetary Authority (CIMA)
  • Commodities Futures Trading Commission (CFTC)
  • Hong Kong’s Securities and Futures Commission (SFC)

A high level of regulation attracts day traders. Firstly they can relax knowing that Forex.com can be trusted and secondly, based on the regulation by FCA, customers are liable to receive up to £50,000 through their compensation scheme in multiple scenarios such as Forex.com being insolvent.

It is also important to note that the company holds licenses and is also regulated in other countries. Thus, traders that hail from China, Indonesia, Russia, Vietnam, India and a host of other countries can easily trade online with Forex.com.

One of the regulations that has led to a huge change for the brand across Africa, in the Middle East, South Asia and South and Central America.

FOREX.COM MARKET PLATFORMS AND TOOLS

One thing that sets Forex.com aside from other brokers is their ability to ensure that there is software available for traders of every experience levels. With Forex.com, you get access to:

Advanced trading platform

This is one that is sophisticated and powerful. It helps to meet the vast majority trader’s needs. The interface of the user is simple but elegant. Forex.com offers DMA, Direct Market Access and they are also the only broker who offers it to traders in the US.

The platform itself comes with a lot of goodies for traders including 15-time frames, drawing tools, over 100 technical indicators and advanced live charts.

More so, users will be able to create their own custom indicators if they please. Customability doesn’t end there as you can also drag and drop windows to fins a layout that you love. As soon as you have completed the download of the software, you will also be granted access to multiple integrated trading strategies from scalping to reversal techniques.

Through their development studio, there are more than 100 templates you can customize easily and you can also create as much watch list as you want.

As if that is not enough, you’ll also get all the historical data and signals you could possibly need. Another useful addition is the newsfeed. From inside the platform, it can help you stay in the know.

Meta Trader 4

When it comes to CFD and FX trading, the Meta Trader 4 and 5 platforms dominate the scene. This is mainly because for active traders, the MT4 and MT5 platforms are quite easy to use, offer in-depth trading tools and are highly customizable.

 As soon as you login, you will find all the amazing features including historical data, heat maps, security screeners and more. Expert advisors are also very much supported especially for those who are interested in putting a trading robot to help them work.

Meta Trader 4 login is also quite easy. All you have to do is head over to the Forex.com website and follow all the instructions you find to get set up.

Web Trader

Web Trader is an amazing option for traders that are looking for a platform that is quick and easy to use. It saves any memory draining download and is very compatible with most browsers. With Web Trader, you will also get over 70 indicators, a long list of trading tools and advanced charting.

There is also easy access to a clearly laid out economic calendar where you can effortlessly create all the trailing stops and stop all the losses that you need it. Also, you’ll get full account management. Thus, making withdrawals, deposits and tracking profits will be quite straightforward.

FOREX.COM MARKET LATEST AWARDS

  • Best US Broker 2020- DayTrading.com
  • Best US Broker 2019- DayTrading.com
  • Runner-Up- Best Forex Broker 2019- DayTrading.com

FOREX.COM EDUCATIONAL MATERIALS

The learning center of Forex.com is another very useful feature on the platform. It provides in-depth educational material. There is even a self-study course titled “Learn to Trade Forex” that would prove beneficial for newbies and even people with experience. This seven-part course includes:

  • Trading on margin
  • Advanced charting
  • Recognia (Desktop only)
  • Establishing lot sizes
  • Pip calculators
  • Technical analysis tools

Besides, there are also interactive courses alongside training videos to help you manage risk and understand chart patterns. The webinar series for the “Foundations of Forex Trading” is also available for traders. It is run in association with Trade with Precision- traders can easily and directly sign up to these.

Quizzes and printable workbooks are also thrown every once in a while to keep learning light-hearted. On top of the learning resources, all traders can also benefit from:

  • Live daily market updates
  • Comprehensive technical reports
  • Quarterly outbooks

FOREX.COM TRADING INFORMATION

In Forex.com there are enough platforms to satisfy all types of traders’ needs from complex market and technical analysis to fast and easy web training. If you compare Forex.com vs Nadex, NinjaTrader or other systems that are similar, you will find that the diverse Forex.com meets some while also exceeding some. As a trader that trades with Forex.com, you:

  • Have access to a huge range of assets
  • Have access to automated trading tools and ideas

Also, you have the benefit of multiple orders types and execution modes and lots more.

FOREX.COM CUSTOMER SERVICE

Another amazing thing Forex.com is known for is their top-notch customer service. Getting through their customer service is quick and hassle-free. All you have to do is head to their website and connect through live chat. Live chat is also very much available within your mobile app and on your trading platform.

Moreover, Forex.com can also be contacted via their email. User reviews show that their staff are supportive and also capable to remedy your issues.

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