This can be a huge challenge when choosing a viable online trading brokerage company for trading, and it is difficult to make an important decision when there are so many viable options. This can not be more fair than in online brokers forex and CFD. The market is saturated with online platforms offering these services. The problem is that some of these brokers can not be trusted and can act dishonestly towards customers. We want to facilitate your decisions by illuminating the popular online trader broker known as Forex.com. In recent years, this broker has acquired a huge amount and interest and accepts traders from around the world. Let’s go into this in-depth review, as we disclose the facts and aspects of this profitable online trading.
Information about the company
Forex.com competently offers forex and CFD trading on a wide range of trading assets since their inception in 2001. Forex.com is simply a trading name for a brokerage company and is owned and operated by GAIN Capital Group LLC. The brokerage company has head offices in Australia, Japan, the United Kingdom, Canada and the United States, which help to service its global investor community. However, the main headquarters of GAIN Capital Group LLC (dba Forex.com) is located in the United States and is located at 135 US Hwy 202/206 Bedminster NJ 07921, USA.
Since Forex.com is an international brokerage online trading and has offices around the world, they are regulated and licensed by numerous authoritative regulatory bodies. For example, see the 8 regulating bodies Forex.com is registered and regulated below.
- UK’s Financial Conduct Authority (FCA)
- Australian Securities and Investments Commission (ASIC)
- Canada’s Financial Services Agency (FSA)
- Commodity Futures Trading Commission (CFTC)
- Investment Industry Regulatory Organization of Canada (IIROC)
- National Futures Association (NFA)
- Securities and Exchange Commission (SEC)
- Hong Kong Securities and Futures Commission (SFC)
As you can see, Forex.com is strictly regulated and complies with all the rules and regulations of different countries and jurisdictions, making Forex.com a true global leader in the online market. In addition, Forex.com has won more than 30 awards from the most reputable and well-known companies and awards ceremonies for many years. The broker continues to outperform its competition and provides traders with the best services in the online trading industry.
Available assets
Forex.com offers its traders one of the most extensive ranges of trading assets in the online trading industry. Available assets may vary by country, but regardless of where you are in, Forex.com will have a wide range of trading assets for you. Forex.com in the United States does not support CFD trading and therefore has a much more limited range of assets, including Forex, Gold & Silver, Futures & Futures Options for commodity markets and indexes.
The country in which Forex.com offers the largest number of trading assets common in many markets is the UK. Forex.com in the UK offers traders more than 200 trading products in 5 markets, including Forex, indexes, stocks, commodities and crypt currencies. Let’s delve into these markets and see what Forex.com offers its traders below.
FX
More than 80 currency pairs are available
Majors, minor and exotic currency pairs
Spreads starting from 1.4 pips
Top-notch trade execution
Operational 24/5
Cash rebates rewarded upon reaching volume requirements
Indices
Access to more than 15 global stock indexes in the US, European, Asian and Australian markets
Trading with fixed spreads from 1 pt. during the market hour
Exceptional workmanship
Stocks
Access to more than 90 of the company’s most popular shares in the US and UK
Competitive spreads from 1 pt. on shares of Great Britain
Go long or short in leading companies from around the world
Commodities
Sell the world’s most popular stock indexes in the US, European, Asian and Australian markets
Trading commodities for variable or fixed spreads and 1% margin
Shot and long positions for a variety of products
Cryptocurrencies
Capitalize on the movement of world’s biggest cryptos without buying them
Take both small and large positions
Hold long or short positions
A large selection of available cryptos
25% initial margin requirements
Low spreads starting from 1$
Forex.com Bonuses and Promotions
Forex.com is a high-ranking online brokerage company offering line trading services without the need to attract new customers with luxury bonuses and promotions. In addition, all traders are treated equally and have the same access to affordable investment products and services. Forex.com does not have any VIP accounts or bonus accounts. However, one type of account that can be considered a bonus account is a demo account. This demo account allows new traders to use Forex.com services and platforms for free.
Although Forex.com does not offer any traditional bonuses or promotions that many other online traders make, they have a so-called FX Rebate program. This program allows traders to receive cash discounts on their trading volume in foreign currency. At the end of each month, cash discounts reward traders with a higher volume of trades, and this discount can be used to compensate for already bad spreads for trading on Forex. Traders will automatically receive cash discounts when they trade more than $ 50 million a month. The reward for the reward is determined by the levels of the trading volume, see Levels and associated cash discounts below.
Mobile trading
Forex.com offers traders fully optimized mobile applications available for Apple and Android smartphones in the Apple App Store and the Google Play Store. These applications allow Forex.com traders to trade on the go with the same modern tools and functions as desktop trading platforms.
The mobile application allows traders to trade with high precision in the markets, facilitating the advanced placement of orders and analyzing full-screen charts from your smart-phone. Traders can also create custom watch lists to track favorite assets for you and receive real time notifications when your order is executed or some important market developments come to headlines. From the application, traders can access market analysis tools, economic calendars and Reuters news. All this information and these functions can be customized in the application to your liking, you can choose what is displayed on the control panel and on the navigation bar. In general, the mobile applications offered by Forex.com are exceptionally good and offer all sorts of advanced and customizable tools and functions. The application also works very smoothly and conveniently.
Deposits and Withdrawals
Making deposits and withdrawing from Forex.com is very easy and simple. Forex.com currently supports only two methods of money transfer: debit / credit card and bank transfer.
Debit / Credit Card
- The minimum amount of the transaction is 50 US dollars
- The maximum transaction amount of USD 10,000
- All transactions are automatically converted to US dollars
- Accepted cards: Visa, MasterCard and Discover
- Typical time of processing deposits
- The processing time for removal is up to 24 hours
- No fees charged for deposits or withdrawals
Bank transfer
- No minimum transaction amounts
- Maximum transaction amounts
- Accepted currencies include USD, EUR, CAD, JPY, CHF, AUD and GBP
- Typical processing time of deposits is 1 to 2 working days for domestic bank transfers and 2-5 days for international bank transfers
- The processing time for removal is up to 48 hours
- No fees charged for deposits or withdrawals
Support Center
Another area that Forex.com uses is an amazing level of customer support. Customers can contact the representatives of the service by phone, email, chat and through social networking channels. Support is available around the clock and in different languages, depending on the region in which you are located. Representatives of support usually respond in a timely and very professional and friendly manner with answers. The chat functionality is best suited for quick and general questions, while email and phone support options are better suited for more serious inquiries. In addition to these methods of support, traders can view extensive pages of frequently asked questions, a variety of information content on the site and a very resourceful educational center. In general, the support offered by Forex.com is phenomenal.
Additional Features
Forex.com has an extensive amount of additional resources for traders of all skill levels. For example, traders have access to a comprehensive trading academy that has training materials to any trader type. Traders can pass a quiz that helps determine which type of trader they are, based on their personality traits and other things. In addition, users can complete extensive courses of beginners, intermediate or advanced traders, which are supplemented by a variety of information materials and videos. In addition, users have access to various educational topics that teach and provide knowledge on various topics, including trading concepts, risk management, technical analysis, trading strategies, fundamental analysis, training programs on Forex.com platform and training programs of the MetaTrader platform. In addition, traders have access to the glossary and frequently asked questions page. The educational content offered by Forex.com is one of the best materials that we have ever seen in online trading.
In addition to the educational center, the site Forex.com has a section “Market analysis” on its website. While navigating to this section, traders will find all the latest market research and market news that were collected by the Forex.com stellar market analysis team. In addition, traders have access to a whole range of analysis tools, including professional charting packages, trading alerts, economic calendar, pivot points and much more. In addition, traders can access a highly skilled market strategist to work with you to develop a trading plan that best suits your needs. For traders who do not qualify for a personalized market strategist, they can register up to 3 active trading sessions, which are presented through a webinar and are conducted by a team of global Forex.com analysts.