FOREX.com Review 2024 - Is Legit or Scam | Forexing.com (2024)

FOREX.com General Information

Our FOREX.com Review

Forex.com is successful forex and CFD’s broker. They providing service since 2001, after started journey, has gained worth value in the global market brokerage service. The Gain Capital operates this popular broker. The Brand is also providing financial trading services and is listed on the NYC exchange.

Forex.com is a well famous and well-authorized broker. The broker is considered as a safe broker for their reliable service and top tire authority regulation. Globally, they offer Forex, CFD’s, spread betting to futures, ETF’s, gold, silver, individual stocks, commodities, indices, and bonds. Read all the details to stay safe and trading with Forex.com.

Forex.com Trust and regulation

The forex.com was established in 2001 and part of the Gain Capital. The gain capital is the part of StoneX Group Inc; headquarter is located at Bedminster, New Jersey.

The parent company StoneX is known as INTL FCStone is an institutional-grade financial services network. It has a good reputation in the global market.

Forex.com is regulated and authorized by the:

• S. Commodity Futures Trading Commission (United States)
• The Financial Conduct Authority (United Kingdom)
• National Futures Association (United States)
• Securities and Exchange Commission (United States)
• The Securities and Futures Commission (Hong Kong)
• Financial Industry Regulatory Authority (United States)
• Investment Industry Regulatory Organization of Canada (IIROC)
• Financial Services Authority (Japan)
• Australian Securities and Investments Commission (Australia)
• Investment Industry Regulatory Organization of Canada (Canada)

Also authorized by:

• Retail Foreign Exchange Dealer (RFED)
• Futures Commission Merchant (FCM)

The headquarter is located at 135 US Highway 202/206 Bedminster, New Jersey, 07921 United States.

Trading Account types

Forex.com provides three types of account standard, commission, and direct market access account. These accounts are particularly suitable for different categories of traders.

The trading platforms, account opening, and market trading conditions are other for each account.

If you cannot pick the right account, you will face difficulty and trouble. Let’s see accounts features and terms to choose the proper account.

Standard account

This account is suitable for FX currency traders and wants regular spread pricing. The standard account provides the MT4 platform, opens with a minimum $100 deposit. Account specialties are –

• Special competitive spreads
• Commission-free FX Currency trading
• Personal Account managers
• 200+ Assets and instruments trading

Commission account

This account is unique for ultra-tight spreads and fixed commission trading. This account doesn’t provide the MetaTrader platform. It has only Forex.com’s own trading platform (We discussed below on the platform section). This account specialties are –

• Tight spreads as low as 0.2
• 5 USD commission per 100,000 traded
• Extraordinary faith trade executions
• Powerful, state of the art trading platforms

Direct Market Access (DMA) Account

This account for the advanced level of traders. It offers high-volume FX trading with maximum control, more straightforward and transparent pricing. It also, don’t provide the MetaTrader platform. The trade is completed here in 4 step process. Account features are –

• Trading without additional mark up
• Trade on prices sourced from top tier liquidity providers and global banks

If you have any question about the Direct Market Access account, you can contact at phone 646.512.5438 and Email [emailprotected].

Demo Account

Forex.com also provides a demo account to learning risk-free currency trading, with $10,000 virtual funds for 30 days. This account opening is simple than other accounts. After expiring the account (30 days trading period), you cannot renew credentials. You cannot open multiple demo accounts for each type of platforms, such as forex.com’s own platform and MetaTrader.

The demo account provides both MetaTrader and forex.com’s own trading platform. All accounts, including demo account, offer leverage up to 1:400.

Trading platforms

Forex.com has an advanced and powerful trading platform. It was developed to provide maximum performance, versatility, and speed for currency traders.

This platform offers three ways of trading from one account. This platform trading features are –

• 80+ professional drawing and indicators tools
• Unique integrated trading strategies (C#, .NET & Visual Basic languages, and 100+ predefined templates).
• Advanced charting features
• Fully customizable trading dashboard

This platform available for both Desktop and Mobile with different features.

Also, forex.com offers MT4 and MT5 platforms. It is one of the most optimized and professional trading platforms. As our research, more than 55% broker offers MetaTrader platforms. It is available for all popular systems and technology. You can use it through the application (Desktop & Phone) and web trading. Available to download on Mac, iPhone, Android, and Windows, utterly free from the official app store

This platform features are indicators, charts, drawing tools, market analysis, four types of trade execution, market news, notification updates, and more.

Deposit and Withdrawal Methods

Forex.com offers several payment options. As we have seen, they accept most standard payment methods, including Debit cards, credit cards, master cards, bank wire transfers, and eWallet. They don’t accept PayPal and Western Union. The minimum deposit and withdrawal are $100. The fees, payment processing time depend on the region and selected payment method.

Education and Research

Forex.com offers a lot of educational assets. They provide all trading topics, trading themes, including concepts, market analysis, strategies, and risk management guides.

They have courses for all level traders such as beginner, intermediate and advanced traders—furthermore, they highlight most of the three popular topics.

On their website has a glossary system that provides all related terms essential guides. All educational resources and materials free for all readers and users. Suppose you’re not familiar with forex, our suggestion to read the forex.com site carefully. You will be an educated trader.

Forex.com Client Supports

They have a dedicated support team to provide all questions and problem solves. They provide support in Arabic, English, German, Russian, Japanese, and Chinese languages. The support is available 24h, 10 AM Sunday to 5 PM Friday (EST). They offer phone call, live chat, email support. The contacts are:

• Phone – 877 367 3946
• Email – [emailprotected]

Their website also has a Frequently Asked Questions section (Self Service) that provides all common queries answer about trading, forex.com account types, deposit and withdrawal options, trading platforms, and more.

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