forex

Reviewed broker: Forex.com

Notes: the broker is a subsidiary of GAIN Capital Holdings.

Regulation: US Commodity Futures Trading Commission CFTC, National Futures Association NFA, FCA (UK), ASIC (Australia), ILLROC (Canada), SFC (Hong Kong), FFAJ (Japan)

2017, FXCM reached a settlement related to charges by the National Futures Association (“NFA”) and the Commodity Futures Trading Commission (“CFTC”) to withdraw from the US market. A non-binding letter of intent has been signed with GAIN Capital Holdings (owner of the retail brand Forex.com) to transfer all accounts at no expense to the customer. No date has been set for the transition yet.

Location: USA

USA Traders: allowed

Established in 1999

Account types: standard, activetrader premium

Minimum deposit requirement: $50

Maximum leverage: 1:50 (for USA traders) , 1:200

Trading platform: ForexTrader platform (in-house), MetaTrader 4

Real-time charting: yes

Pattern recognition Autochartist: yes

Spreads start from 1.8 pips

Minimum trade size: 0.01

Demo account: available

Segregated accounts for client funds: no

Islamic swap-free accounts: no

Managed accounts: available

Spread types: variable

Educational material: yes

Trading signals: yes

Scalping: allowed

Hedging: not allowed

Automated trading: available

VPS services: no

API trading: no

Payment methods: credit card, wire transfer

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