Latest Updated General Information Forex.com Broker
Reviewed broker: Forex.com
Operated by: 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
Representative offices: US, UK, Canada, Japan, and Australia
USA Traders: allowed
Established in 1999
Trading instruments: Forex, commodities, indices
Why traders choose FOREX.com
Clear & competitive pricing
Real time market analysis
Professional trading platforms
Quality execution on every trade
Transparent, competitive pricing
Key reasons to trade forex
Flexible schedule
World of opportunity
No commissions
Take advantage of leverage
Trading Platform Features of Forex.com
Trading platforms: ForexTrader, Metatrader 4 MT4
FOREXTrader
MetaTrader 4
- Integrated Reuters news and FOREX.com global market research
- Free EA hosting capabilities
- Web and mobile trading support
Web-based interface: yes
Download interface: yes
Currency pairs: 50
Account types: standard, activetrader premium
Minimum deposit requirement: $250 which is a bit high compared to other alternative forex brokers such as XM, IG, FxPro, CMC Markets, and Plus500 and others
Maximum leverage: 1:50 (for USA traders) , 1:200
Real-time charting: yes
Pattern recognition Autochartist: yes
Spreads start from 1.4 pips on major currency pairs
Minimum trade size: 0.01
1 click trading: yes
Advanced order types: OCO, if/then, trailing stops
Demo account: available, but limited, however can be renewed upon request
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: yes
Payment methods within Forex.com
Minimum deposit requirement: $1,000 very high requirement compared to other online forex brokers such as XM, eToro, Avatrade, Instaforex and others.
Payment methods include credit cards, wire transfer, Skrill and Neteller
Customer Service
Online chat: available
Email support: yes
Phone representatives: yes
Educational Material and Promotions
Education: steaming market commentary, market research and review, trading central, reuters news, economic calendar, Tutorials for Beginner, Intermediate and Advanced traders, Platform Tutorials, fundamental and technical analysis
Promotion: during our Forex.com review we were unable to find any promotional bonus offers from the broker.
How was the rating of Forex.com performed compared to other brokers?
This 2020 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Forex.com FX broker performance and features.
Overall our online Forex.com review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Forex.com or you find inaccurate details Forex.com broker review please get in touch with us and the changes will be applied.