Forex.com Review
5.0/5

Forex.com Review

Since 2001, Forex.com has been offering over 200,000 traders across the globe access to trade 300+ global markets with a proven track record of consistently providing exceptional trading conditions with fast execution speeds and competitively low trading costs.
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Forex.com Review, Pros & Cons

Since 2001, Forex.com has been providing over 200,000 merchants throughout the globe entry to commerce 300+ world markets with a confirmed observe report of persistently offering distinctive buying and selling situations with quick execution speeds and competitively low buying and selling prices.

Pros
  • Strict regulation
  • Commission free accounts
  • DMA (Direct Market Access) accounts
  • US Clients
  • Execution Scorecard
  • Advanced buying and selling platforms & instruments
  • Dedicated market strategist
  • Min $50 deposit
  • Autochartist & Recognia
  • TradingView
  • Cons
  • Limited deposit / withdrawal strategies
  • No fastened spreads
  • In this detailed Forex.com evaluate, our on-line dealer analysis workforce have coated a number of the most vital facets so that you can contemplate when selecting the very best dealer in your on-line buying and selling wants.

    Forex.com Review

    Since 2001, Forex.com has been providing over 200,000 merchants throughout the globe entry to commerce 300+ world markets with a confirmed observe report of persistently offering distinctive buying and selling situations with quick execution speeds and competitively low buying and selling prices.

    Forex.com Overview

    Since 2001, Forex.com has been providing over 200,000 merchants throughout the globe entry to commerce 300+ world markets together with 80+ FX pairs, 220+ Shares, Commodities, Equities, Indices and Cryptocurrency. The longevity of Forex.com helps to reassure merchants that they’re utilizing a longtime dealer with years of expertise throughout the buying and selling {industry}.

    Forex.com are one of many main brokers globally, with a confirmed observe report of persistently offering distinctive buying and selling situations to retail merchants. They have earned the belief and loyalty of many merchants as a consequence of their quick execution speeds and competitively low buying and selling prices, with the statistics to again this up.

    In January 2011, Forex.com grew to become the primary on-line dealer to point out an Execution Scorecard that discloses the standard of their execution. Until at the present time, they continue to be the one US dealer to take action and thus keep the upmost transparency to purchasers. Trade execution speeds are essential to your buying and selling success by guaranteeing that your trades are positioned at the very best costs with minimal slippage.

    The distinction between the worth if you ship an order and when the order is crammed can fluctuate relying on a dealer’s execution speeds. The sooner an order is crammed, the much less variation between the costs. If execution speeds are sluggish, this could trigger your trades to get crammed at unsuitable value factors which may improve buying and selling prices and switch a successful technique right into a dropping one, particularly when you find yourself making an attempt to scalp the markets for just a few factors. The technique of your trades going by Forex.com is totally automated with no intervention which goals to present you lightning quick execution speeds at the very best costs.

    Min: $1 Deposit
    Regulated: FSA
    Country: Seychelles
    Operating Since: 2019
    Type: Market Maker
    Platforms: MetaTrader 4, Web, Mobile
    Type: Market Maker

    Forex.com Execution Scorecard

    The Forex.com Execution Scorecard (US) reveals distinctive commerce executions with 99.96% of trades executed in underneath one second, with the common execution pace a formidable 0.03 seconds. This signifies that it’s extremely doubtless there can be minimal slippage and trades will get crammed on the costs that you really want.

    Forex.com Execution Statistics

    According to the supplied statistics, round 52.52% of restrict orders positioned really find yourself having a value higher than anticipated, with a mean enchancment of 1.45 pips when buying and selling the foreign exchange market. The common value enchancment between the requested and executed value for non-forex restrict orders is 0.03%. In some situations, these variations could even cowl a number of the buying and selling prices. Furthermore, 100% of restrict orders are crammed on the value anticipated or higher. Interestingly, this implies that there isn’t any unfavorable slippage which might trigger an order to be crammed at a value worse than anticipated.

    The superior commerce execution speeds and aggressive spreads will help to maintain your buying and selling prices down while providing you with good worth and including additional reliability to your buying and selling. Forex.com have spent greater than a decade investing in expertise and constructed up a deep community of liquidity suppliers that permits them to supply merchants with tight spreads and quick execution speeds in lots of market situations. According to the Execution Scorecard, 100% of trades are efficiently executed (excluding these positioned on the MT4 buying and selling platform).

    Forex.com Key Features

    Forex.com have a confirmed report of stability, safety and monetary energy over a few years, with the assets required to proceed offering progressive buying and selling options to the {industry}. This helps to make sure merchants that they’re utilizing a big and established dealer.

    City Index is one other buying and selling service supplier underneath the identical umbrella which emphasises the dimensions of the corporate. Please check with our City Index evaluate for extra info.

    Forex.com Regulation

    Forex.com is authorised and controlled by the Financial Conduct Authority (FCA) within the United Kingdom. Regulation from a prime authority helps to present purchasers peace of thoughts that they’re utilizing a good buying and selling dealer who will defend their funds. They additionally produce other regulators by their associates together with:

    • Investment Industry Regulatory Organisation of Canada (IIROC)
    • Financial Services Authority (FSA) in Japan
    • Australian Services and Investments Commission (ASIC)
    • Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA) within the US
    • Cayman Islands Monetary Authority (CIMA)

    Security of purchasers finds is a prime precedence for Forex.com. Client funds are protected by being held in separate prime tier financial institution accounts from their very own. Trust letters can be found to make sure that consumer funds stay segregated. Forex.com solely use their very own funds for hedging and don’t interact in proprietary buying and selling.

    Under the Financial Services Compensation Scheme, purchasers could also be eligible for canopy of as much as £50,000 within the occasion a agency turns into bancrupt or ceases buying and selling. Furthermore, there are sturdy financial institution critiques and monitoring tips enforced that are set by the Risk Committee.

    Forex.com Countries

    Forex.com accepts merchants from throughout the globe, excluding Singapore, New Zealand, Belarus, Iran, Yemen and a few international locations from the OFAC record. They are one of many few brokers proudly serving US merchants. Some Forex.com dealer options and merchandise talked about inside this Forex.com evaluate might not be out there to merchants from particular international locations as a consequence of authorized restrictions.

    Forex.com Platforms

    Forex.com supply merchants a variety {of professional} buying and selling platforms which might be designed to satisfy the totally different wants of all ranges of merchants. Whatever your buying and selling necessities, you possibly can select a buying and selling platform appropriate for you. Each platform is designed to supply distinctive pace and efficiency, while guaranteeing that you just keep full management over your buying and selling expertise.

    Platforms can be found on desktop (Windows / Mac), internet and cell (iPhone / iPad / Android / Tablet). This is helpful when you plan on buying and selling utilizing a number of units in several places as one account might be accessed throughout a spread of various platforms.

    Forex.com Desktop Trading Platform

    The Forex.com superior desktop buying and selling platform is constructed for final efficiency, flexibility and pace. It is designed to satisfy the demanding wants of energetic merchants by placing you within the driving seat of your buying and selling expertise with totally customisable layouts, commerce preferences, one click on buying and selling, skilled analytics instruments, built-in buying and selling methods, superior charting options, a construct your individual indicator function and way more.

    Forex.com Web Trading Platform

    Forex.com’s highly effective web-based platform delivers simplicity, pace and reliability, that includes an intuitive design and together with full buying and selling capabilities, superior charting, good commerce ticket with superior threat administration choices, pre-defined and customisable layouts, highly effective charts with built-in one-click dealing and built-in buying and selling instruments. It is definitely accessible from all browsers on PC and Mac, with no plugins or downloads required.

    Forex.com Mobile Trading Platform

    With Forex.com’s cell buying and selling platforms, you by no means need to miss a market transfer. They supply an entire buying and selling expertise at your fingertips in an effort to simply handle your account and commerce on the go together with entry to full sturdy buying and selling options, threat administration choices, superior TradingView charting and real-time evaluation, built-in fund administration and extra out of your iPhone or Android system.

    Forex.com MetaTrader 4 Platform

    Forex.com can be the world’s largest MetaTrader 4 (MT4) dealer, with entry to devoted assist and built-in buying and selling instruments unique to the dealer. MT4 is taken into account by many as one of the crucial common and user-friendly on-line buying and selling platforms, thus making it an appropriate platform for brand spanking new merchants. It additionally implements sufficient superior performance to fulfill the extra seasoned merchants.

    Users can profit from the reliability of a trusted dealer, ultra-tight spreads, distinctive commerce executions and distinctive dealer instruments together with totally built-in Reuters information, Forex.com analysis, Autochartist Trade Ideas, Trading Central technical evaluation and account administration instruments. There is an abundance of instruments for analysing charts throughout varied markets.

    Forex.com’s MT4 platform has been optimized to assist all Expert Advisors (EA). You can shortly and simply combine your EA on their MT4 platform and profit from no third-party bridges or auto sync. You can run your EA 24/6 throughout buying and selling hours with the free Expert Advisor Hosting Services, that they provide to qualifying accounts.

    Forex.com Trading Tools

    Forex.com offers merchants with highly effective instruments throughout all buying and selling platforms to help with buying and selling, together with superior charting instruments that allow you to to identify developments and discover buying and selling alternatives. Forex.com’s {industry} main charts are powered by TradingView and let you personalise your workspace to your individual model for efficient chart evaluation.

    • Forex.com Trade From Charts

    Trade from charts means that you can create and modify orders from the charts shortly and simply.

    • Forex.com Technical Indicators

    There are over 70+ technical indicators that may be customised to fit your buying and selling model and determine potential commerce setups.

    • Forex.com Time Intervals

    There are over 10+ time intervals that you would be able to change between to determine quick and long-term developments. This ranges from tick to month-to-month charts.

    • Forex.com Multiple Chart Types

    Multiple chart sorts let you select from a spread of charting types with a appear and feel that you just really feel most comfy with. These types might be customised in an effort to management what info you see and the way they give the impression of being.

    • Forex.com Drawing Tools

    There are 50+ customisable drawing instruments which can be utilized to plan your subsequent commerce and analyse the markets.

    • Forex.com Customization Features

    Customisation options allow you to make the platform private to your individual distinctive model. Everything from technical indicators and drawing instruments might be modified to your liking with the choice to avoid wasting templates for future use.

    You can get real-time buying and selling alerts and evaluation instruments supplied by Forex.com by the {industry} main Autochartist and Recognia.

    • MT4 VPS Hosting

    Forex.com supply a free digital non-public server (VPS) to qualifying purchasers. A VPS is right for purchasers who want to run their EAs 24/6 throughout buying and selling hours, with out managing them on their very own computer systems. They embrace a devoted Unix server to run EAs, for optimum uptime. You can simply add and handle your EAs with a quick and safe account supervisor while you possibly can entry your account from any OS with an internet browser. To qualify without cost VPS internet hosting, the Forex.com consumer should:

    • You should keep a minimal of $5,000 in your account
    • You should execute at the very least 10 spherical journey mini tons or the equal per calendar month

    Forex.com Education

    Forex.com supply a spread of instructional assets to assist construct your buying and selling confidence, data and enhance your buying and selling abilities. There is an abundance of instructional instruments and on-line assets from the very fundamentals similar to getting ready a buying and selling plan to the extra superior market evaluation. You can study at your individual tempo with buying and selling movies, webinars and extra.

    Forex.com Educational Material

    The Forex.com market evaluation permits merchants to remain updated with actual time market insights that embrace commerce concepts from their in-house world analysis workforce who monitor the markets.

    Qualifying purchasers are in a position to request a devoted one on one extremely educated market strategist who will work alongside you to provide a buying and selling plan appropriate to your private wants and buying and selling model. This consists of demonstration of buying and selling platforms and instruments, how one can carry out technical and basic evaluation and ongoing assist to enhance your buying and selling efficiency.

    Forex.com Instruments

    Forex.com offers entry to a spread of markets with a formidable 300+ world markets together with Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs.

    You can entry 100+ firms together with Amazon, Barclays and Tesla with spreads beginning at simply 1 level on UK shares. Forex.com let you go lengthy or quick on over 220 of the most well-liked UK and US firm shares.

    Bitcoin is accessible to commerce with fastened spreads and low margin necessities. No digital pockets is required to commerce Cryptocurrencies.

    Forex.com supply accounts that cost no fee when buying and selling foreign exchange foreign money pairs because the buying and selling prices are included throughout the bid/ask unfold. This can result in marked up spreads bigger than another brokers however with out the fee others could cost on prime of the unfold. There is a DMA account that makes use of non-marked up variable spreads direct from liquidity suppliers however does embrace a fee.

    You can commerce Metals, Energies and Softs as CFDs with out having to personal the underlying asset, benefitting from zero commissions and 1% margins.

    The buying and selling devices out there on Forex.com could also be totally different relying in your location. Some international locations have entry to commerce devices that others can’t.

    Forex.com Accounts & Fees

    Forex.com UK supply versatile account sorts relying in your buying and selling model and geo-location. They solely cost commissions if you commerce FX on a Commission Account or a DMA Account. Minimum deposit begins from simply $50. Forex.com additionally present demo accounts if you need to check the totally different buying and selling platforms and situations earlier than opening an actual account with them.

    • Forex.com UK Account

    The FOREX.com UK account presents aggressive spreads with no commissions, appropriate for on a regular basis foreign currency trading. The buying and selling price on this account kind is the unfold.

    1. Forex.com superior desktop, internet and cell buying and selling platform
    2. Exclusive in-platform market insights and evaluation
    3. Trades executed at the very best out there value with minimal slippage, tight spreads and no fee
    • MetaTrader UK Account

    The MetaTrader UK account presents the world’s hottest foreign currency trading platform. The buying and selling price is once more the unfold with no fee charged. If you’re already accustomed to the MT4 buying and selling platform you could favor one of these account.

    1. Advanced and customisable buying and selling platforms for desktop, internet and cell
    2. Trade foreign exchange, CFD’s, cryptos and extra, all from one buying and selling account
    3. Fast and dependable commerce execution speeds with aggressive spreads and no fee
    • Forex.com US

    Forex.com US presents 3 essential account sorts, the usual account, fee account and DMA (Direct Market Access) account.

    • Forex.com Standard Account

    The normal account is predicated available on the market maker mannequin the place spreads might be marked up though prices are included throughout the unfold.

    • Forex.com Commission Account

    The fee account prices are included throughout the unfold and a fee cost (though spreads are normally ultra-tight).

    • Forex.com Direct Market Access Account

    The Direct Market Access (DMA) account is a fee solely account that makes use of spreads direct from liquidity suppliers, thus they are going to normally be even decrease. For skilled merchants who want the tightest doable spreads and lowest general buying and selling prices, the DMA account could also be preferable.

    As dealer charges can fluctuate and alter, there could also be further charges that aren’t listed on this Forex.com evaluate. It is crucial to make sure that you verify and perceive all the newest info earlier than you open a Forex.com dealer account for on-line buying and selling.

    • Forex.com Support

    Forex.com are dedicated to assist merchants by their journey and supply distinctive buyer providers to new and present purchasers through electronic mail, on-line chat and cellphone. Support is globally out there 24 hours a day, 5 days per week.

    • Forex.com Deposit & Withdrawal

    Forex.com have a restricted quantity of deposit and withdrawal strategies out there. Ideally, they would supply some on-line fee processors similar to PayPal or Skrill sooner or later as they’ll supply a extra handy and sooner option to fund accounts.

    Fees could also be charged when utilizing sure fee strategies. Bank transfers can take just a few enterprise days to clear. Accounts might be opened in USD, GBP, EUR, CHF, JPY & NZD. The varied totally different foreign money choices are helpful as foreign money conversion charges don’t apply when utilizing an account in your individual foreign money.

    • Forex.com Account Opening

    Opening a Forex.com account is a fast and simple course of. It will solely take round 5 minutes to finish the account software type with dwell chat assist readily available to help must you need assistance. Once your electronic mail has been verified and identification uploaded, you possibly can fund your account and begin buying and selling.

    Forex.com Summary

    Forex.com is a really nicely established and {industry} main dealer with a confirmed mannequin and strict regulation throughout a number of authorities. They supply a wide variety of buying and selling devices throughout a number of markets and buying and selling platforms. Client funds have safety by being held in segregated accounts and they’re very clear with their Execution Scorecard. No fee cost on some accounts might be a pretty proposition as can the huge array of instructional materials and buying and selling instruments supplied to purchasers.

    Forex.com Review Details

    Comissions
    Regulation
    Exchange
    Trading
    5.0
    Price & Leverage
    5.0
    Trading Options & Tools
    5.0
    Comisions & Payment options
    5.0
    Customer Support
    5.0 Overall Rating
    Forex.com Review
    5.0 rating
    5.0/5
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