Review of FOREX.com
FOREX.com review research shows the company was established in 1999 and is part of GAIN Capital Holdings (NYSE: GCAP). Thanks to its trade names and subsidiaries, including the City Index brand, currently operates in many countries and has licenses in several major regulatory centers, including in the USA, Great Britain, Japan, Canada, and Australia.
Although its an international office, the GAIN Capital group serves over 200,000 retail and institutional clients and offers 84 currency pairs on the currency markets and over 200 CFDs on major asset classes through its FOREX.com brand. Recently, GAIN Capital introduced Bitcoin as a CFD contract from a British entity, and Bitcoin futures contracts through the US-regulated brand meet the growing demand for crypto-currency.
As the FOREX.com review shows, they are a diversified company with some success.
The leverage at FOREX.com is 1:200 at the maximum level. You should know that in our FOREX.com review, we found that the best way for a trader to benefit from using this broker would be if they are very active.
If you open an account with $50, you would need at least 1:20 in leverage to make the smallest position possible, if the minimum trade size is $1000.
The clients in the U.S. have access to all the forex pairs as well as the CFDs on indexes, commodities, and stocks. If you are in the U.K., you can also trade in cryptocurrency. However, digital money is not available for U.S. citizens.
FOREX.com Platform Experience
FOREX.com connects financial news, technical review, and automated trading tools as part of the Advanced Trading platform. They also provide the MetaTrader4 platform developed by MetaQuotes Software Corporation as well as the GTX Capital platform.
Moreover, in 2017, FOREX.com combined the Trading View trading platform under the Web Trading brand. They took over the American FXCM clients, which is the tenth purchase since the first public offering in 2010.
The commission and fees, as we found for our FOREX.com review, vary depending on the type of account. Moreover, they are comparable to peers, including FXCM, FxPro, Saxo Bank, I.G., and other competitors, in calculating the total transaction costs on major currency pairs such as EUR / USD and in different pricing plans for volume traders.
FOREX.com Investment Program
FOREX.com offers an active investment program with five price levels. The first level starts with average spreads of 1.2 pips for EUR / USD for business entities. They have a balance of at least USD 25,000. Spreads are more defeated with each following level as investors exceed certain thresholds for trading volume from month today (MTD).
The most aggressive valuation, the fifth, concerns entrepreneurs who exceed USD 500 million in the MTD volume.
Our FOREX.com review shows that they do a great job focusing on the Advanced Trading platform. They keep it well organized so that customers can easily access it from one place.
FOREX.com Customer Support
As a client, you will have more than one way to contact the people at FOREX.com. These will include live phone support and online chatting as well as FAQs with extensive information and other tutorials on the websites.
The online chat and phone support are available for current clients and prospective clients who want to know about the company. The charting support is a bot, as our FOREX.com review found out. That limits the kinds of questions you can ask.
For more in-depth and highly specific questions, you will need to talk to a person, and that requires you to use email. The message function for this is found at the bottom of the support page on FOREX.com.
The phone is a fast way to get answers, according to our findings for this FOREX.com review. If you want to learn more about forex trading, you can follow this course on forex education.
|Established: 2001||Website: https://www.forex.com|
|Address: Bedminster One 135 US Highway 202/206 Suite 11 Bedminster, NJ 07921, United States.||Minimum to Open Live: $50|
|Regional Offices: Japan, United Kingdom, United State.||Regulators: : Financial Conduct Authority (FCA) in the U.K., Financial Services Authority (FSA) in Japan, Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA) in the U.S.|
|Minimum Trade Size: 0.01||Prohibited Countries: Germany.|
|Maximum Leverage: 1:200||ECN: Direct Market Access.|
|Mobile Trading: Available||Currencies: 80+|
|Trading Platforms: MT4, MT5, and WebTrader.||Cryptocurrencies: 5+|
|Robots: Allowed||CFD: (25+) Gold, Silver, Other Precious Metals, Stocks, Stock Indexes, Bonds, Oil, Other Commodities.|
|Scalping: Allowed||Web Trading: Available|
|Deposit Methods: VISA, MasterCard, Local Bank Transfers, Maestro.||Withdrawal Methods: : VISA, MasterCard, Local Bank Transfers, Maestro.|
Best Forex Brokers By Countries - 2023
Top Rated Online Best Forex Brokers 2023
Leave a Comment