This Forex.com review was conducted by the team of Forextrading.biz for those who want to know about the Forex.com broker . FOREX.com is a currency trading website functioned by Gain Capital Holdings, Inc., a financial services company that’s been in commerce since 1999. GAIN Capital is listed on The New York Stock Exchange.
Forex.com Review By ForexTrading.biz
FOREX.com is regulated through the Financial Conduct Authority in the UK and is regulated in 5 other authorities around the world: The National Futures Association and the Securities and Exchange Commission in the U.S. Financial Services Agency in Japan, Securities and Futures Commission in HK and in Australia, Australian Securities and Investments Commission and Investment Industry Regulatory Organization of Canada.
At FOREX.com, traders can select between a standard and a Premium trading account. The minimum primary deposit required for a standard account is 250 dollars. Though, traders are commended to deposit 3000 dollars to be able to access the complete range of tradable tools.
The Premium account needs $25,000 to open. Premium account owners also get to work with a ‘Relationship Manager’ to assistance with all their trading requirements. At the time of this FOREX.com review, traders were capable to receive 15 percent reduced pricing on major currencies and 2 percent interest on account balances.
There is also a risk-free 50,000 dollars demo account for all levels of traders.
FOREX.com is one of the simplest websites to circumnavigate. It is well tabbed and all features deliver clear descriptions of the services and products being provided. There is a select of over 45 currency pairs, CFD’s in 10 global commodities and indices and the broker has just added a list of Bonds, Equities and Rates.
Traders can as well trade options in spot Fx, CFDs, and binaries in over 3200 marketplaces. These are provided through GFT which is now share of FOREX.com. GFT is based in the UK and is an international leader in online trading platform.
At FOREX.com there are numerous interesting trading tools. By traders of all experience levels can be used the tool. Tradable arises pre-packaged with a choice of easy to use apps tailored to come across all security levels. Traders have complete flexibility to modify the platform to see their individual requirements.
Fx Charts via eSignal provides traders access to more than 40 customizable drawing tools and indicators comprising Gann Lines, Fibonacci Circle, Donchian Channels and more and traders can plot in contrast to Global Treasury Information Services Inc. rates – a combined stream of over 275 suppliers to get a complete picture of market action or, drill down to observation only the broker running data.
Also the FOREXTraderPRO platform, FOREX.com provides numerous other trading platforms.
With MT4, traders have lot size flexibility, comprising micro lots, mobile trading for Android & iPhone and automated trading by means of custom EAs. Hedging is permissible and there are no auto syncs or 3rd party bonds.
The MetaTrader4 platform provides quality trade executions, personal customer service and tight spreads. Traders can choice over 77 Fx and CFD marketplaces as well as take advantage of other combined features including extensive technical research, streaming news from Trading Central and in-house predictors as well as pattern acknowledgment software from Autochartist. You can make a free Forex.com MT4 downlaod at “ForexSQ” Forex.com review page.
At the stage of this FOREX.com review, a 3rd trading platform had just been added to the line-up of platforms provided at the broker—the Deal book. The Deal book platform is provided under the GFT brand and traders can select from 120 plus currency pairs with spreads as small as 1 pip on the majors and over 3,200 marketplaces as spot FX, CFDs, options and binaries.
Advanced charting is offered through the Forex.com Deal Book platform and it is accessible as download, web and mobile by award-winning apps for Android, Kindle Fire and IOS. Advanced charting permits traders to monitor their position and assess trends and estimate market moves all in one place. The Deal Book software delivers easy-to-read charts, a package of free indicators as well as an extensive selection of customization choices.
Fx demo accounts is available for traders practice fx trading using a free Forex.com demo account on the “TopForexBrokers.com” Forex.com review page. The broker provide limited time demo account but you can be familiar with Forex.com broker in the limited time demo account.
For mobile trading you can download the Forex.com broker Google Android application or itunes IOS app for Apple products.
FOREX.com receives funds by debit or credit card, wire transfer, where minimum transaction of 30 dollars and a maximum transaction of 10,000 dollars.
Customer support is presented 24/7 through telephone, email and live chat. I was happy to see that chat was reached simply by clicking on the chat option and that it doesn’t pop up instantly upon opening the site.
Trade tips by telephone are accepted by FOREX.com UK all through market hours.
FOREX.com company has enclosed all bases. Their website is super user-friendly and responsive and all topics are covered in deepness and are clearly defined so that the information is understood by traders of all ranks of trading knowledge. It’s good to see that there is a very plentiful demo account but I would have chosen to have more choices of accounts over and beyond the two that are provided, Wikipedia says.
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