Welcome to Our Best Forex Broker Review Website. For today’s post, we will be doing Forex.com Review. In this Review, we will discuss what is it, its trading accounts, platforms, and assets. Moreover, we will discuss the customer support services, accepted countries, payment methods, education, pros/cons, and conclusion on this broker. So if you want to trade with this broker then keep your eyes on this post till the end.
Let’s get started!
What is Forex.com?
Forex.com is one of the most well-known retail forex and CFD brokers on the market. They provide access to more than 180 worldwide markets, including FX, stocks, indexes, cryptocurrencies, and commodities. Before we get into the details of the Forex.com Review, we’d like to give you a little rundown of the broker’s history, as it’s helpful to have some background on one of the world’s leading retail forex brokers. The firm was formed in 1999 and is a subsidiary of GAIN Capital Holdings, which is regulated in the United States, the United Kingdom, Canada, and Japan.
In reality, GAIN Capital Group has over 200,000 customers worldwide. This background is significant since it dispels fears about frauds, as Forex.com is owned by a real and reputable firm with decades of expertise fulfilling the demands of traders. For spread betting, the business also offers the international ‘City Index’ brand.
Forex.com: Trading Platforms
In this section of Forex.com Review, we will discuss the trading platforms offered by this broker. The amount of trading platforms provided is frequently praised in Forex.com reviews. This guarantees that software is accessible for traders of various levels of experience. In reality, you have access to everything listed below:
Advanced Trading Platform
The great majority of traders’ demands will be met by this strong and intelligent platform. The user interface is straightforward but stylish.
Direct Market Access (DMA) is available at Forex.com, and it is the only broker that offers it to US traders in addition to their other accounts. Drawing tools, 15 time frames, sophisticated live charts, and over 100 technical indicators are all included on the platform.
Users can also make their own custom indicators. Customizability doesn’t end there; you can also use drag and drop windows to create a layout that works for you. You will also have access to a variety of integrated trading methods, ranging from scalping to reversal approaches, once you have completed the programme download.
In truth, its Development Studio has over 100 templates that you may personalise. You may make numerous watch lists as well. You also receive access to all of the signals and historical data you may possibly want. Another important feature is the newsfeed, which allows you to keep informed from within the site.
Their Web Trader platform may be a good alternative for individuals searching for a quick and simple platform. It works with most browsers and prevents memory-intensive downloads. Advanced charting, a vast variety of trading tools, and over 70 technical indicators are also included.
You’ll get access to a well-organized economic calendar, as well as the ability to construct as many trailing stops and stop-losses as you need. You also have complete control over your account. Making deposits, withdrawals, and profit tracking are all simple.
Overall, the Web Trader should tick all of your boxes if you’re interested in web trading but also want access to a wide range of items, including cryptocurrencies like bitcoin.
When it comes to FX and CFD trading, the MetaTrader 4 and 5 platforms are the most popular. This is because the MT4 and MT5 platforms are simple to use, highly configurable, and provide comprehensive trading tools for active traders.
Once logged in, you’ll have access to all of the standard features, such as heat maps, security screeners, historical data, and more. For individuals interested in putting a trading robot to work on their behalf, expert advisors are also offered. The MT4 download has the extra benefit of providing access to a large number of lessons to assist you in getting the most out of the platform.
Finally, logging into MetaTrader 4 is simple. Simply go to the Forex.com website and follow the on-screen instructions to get started. Forex.com has the most Metatrader servers of any broker in the world, with more than any other broker. Meta Trader Web and Meta Trader Mobile, as well as add-ons, are available. They are the most integrated MT4 and MT5 brokers.
Forex.com: Trading Accounts
In this part of the Forex.com Review, we will highlight the trading accounts for traders. There are two active accounts available to most clients. The account criteria are identical, however, one uses Forex.com’s proprietary trading platform, while the other uses the industry-standard MT4 software. You can achieve a 200:1 margin with both and virtually all of the same characteristics.
The MT4 account, on the other hand, does not provide shares and includes four fewer commodities. There are also fewer order types available, as well as the possibility to establish a user-defined pricing tolerance.
Forex.com also has an Islamic account available. To fill out the application form, go to their website and follow the on-screen instructions.
Active Trader Account
Clients from certain countries will be able to use the Forex.com Active Trader account. This is the ideal option for individuals who generate a lot of trade volume.
The benefit of having a trading account is that normal spreads are cheaper. As a result, you may go as low as 0.4 on the EUR/USD.
In addition, you will receive:
- Prioritized service
- Account statements
- There are no account fees.
- Personalized assistance
- If monthly volume criteria are fulfilled, discounts on popular marketplaces are available.
Forex.com: Assets and Markets
In this portion of the Forex.com Review, we will disclose the assets offered by this broker. Forex traders have access to 84 currency pairings as well as eight cryptocurrency pairs, as well as the ability to short sell Bitcoin and Ethereum. 33 commodities, 18 index CFDs, and 4,500 equity CFDs round out the asset range. Although not all jurisdictions have access to all trading instruments, most international traders do. Otherwise, cryptocurrencies will be excluded from the selection, and the equity CFD selection will be reduced to 220+. Forex.com has a competitive asset list for those who have access to all available instruments, and it is also appropriate for new traders.
Forex.com: Deposit and Withdrawal Methods
This section of Forex.com Review will cover the payment methods offered by this broker. After you register with Forex.com, you must fund your account. There are a number of payments options available:
- United Kingdom: PayPal, Debit / Credit card, Bank transfer
- United States: Debit card, Electronic bank transfer wire, check, eCheck, wire
- RoW: Debit / Credit Card, Bank Transfer
You may also use Sofort Banking to transfer money to your account. It’s simple and quick to fund your account using any of the methods listed above. The lowest transaction amount is $30, with a $10,000 maximum transaction amount.
You cannot fund your account using PayPal once you have your account login information, despite a lot of other brokers allowing it.
Forex.com: Customer Support
This portion of Forex.com Review will quickly cover the customer support services by this broker. Getting in touch with Forex.com’s customer support is simple and quick. Simply go to their website and use the live chat feature to communicate with them. On your trading platform and via your mobile app, you can also use live chat.
They should be able to assist you with minimum and maximum lot sizes, withdrawal issues, and point you to their leverage calculator, among other things.
You may also reach out to Forex.com via phone or email. User evaluations demonstrate that the staff is helpful, even if they aren’t always able to solve your problems.
They should, however, be able to assist with grievances, interest rates, operating hours, and web login difficulties. On their website, you can find the phone number for your area.
Support is available in the following languages:
If you have any additional issues, you should check out their FAQ page. Instructions on how to access My Account and manage your funds and transactions, as well as answers to other frequently asked questions, may be found here.
Overall, the customer service is at a level with industry standards. Wait times are short, and the personnel is generally competent. If you’re a novice, though, you might want to explore elsewhere for hands-on, comprehensive coaching. Especially now that some brokers provide video chat assistance 24 hours a day, 7 days a week.
Forex.com: Accepted Countries
In this segment of Forex.com Review, we will have disclosed the names of countries sponsored by this broker. Traders from Australia, Thailand, Canada, the United States, the United Kingdom, South Africa, Singapore, India, Denmark, the United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and the majority of other nations are accepted on Forex.com.
Traders from Belgium, France, Ghana, Hong Kong, Iceland, Israel, New Zealand, Nigeria, Pakistan, Congo, Iran, Iraq, Lebanon, Mauritania, Norway, Netherlands, Sweden, Spain, Italy, Switzerland, Portugal, Ireland, Germany, and the United Kingdom are unable to utilize Forex.com.
Forex.com: Pros and Cons
This section of Forex.com Review will summarize all the good and bad points about this broker.
- Instruments are available in a wide variety
- TradingView charts are incorporated into the online platform and are regulated by the FCA (UK) and the CFTC, as well as the National Futures Association (NFA) (U.S.)
- Forex.com protects customers in the United Kingdom and the European Union.
- Discounts for dealers with a significant volume of transactions
- There is no account protection for US consumers
- There are no guaranteed stop losses for US clients
Conclusion Forex.com Review
So finally we have got the end of this Forex.com Review. Competitive pricing, a variety of trading platforms, automated trading tools, and a library of valuable instructional materials are all available at Forex.com.
When you add in dependable client service and access to a diverse variety of assets, you’ve got yourself a dependable broker that can cater to the requirements of both novice and expert traders.
So if you want to start trading using a broker then don’t forget to try this in Demo Account to see how things work for you!