One of the oldest brokers around, Forex.com offers a bit of everything. An experienced broker, Forex.com is a statue name in the Forex world.
Pros and Cons
⦁ Forex focused broker
⦁ high leverage options
⦁ comprehensive research
⦁ higher fees than the average brokerage house
⦁ doesn’t offer negative balance protection
⦁ U.S. crypto trading unavailable
The broker doesn’t charge any commission.
However, it has wider spreads than the average industry, making up for the difference. Also, to consider, the inactivity fee is $15 for twelve months of inactivity.
Forex.com Account Opening Procedure
No more than five-minute needed to sign up with Forex.com, with a minimum deposit of $50.
Deposit and Withdrawal Conditions
When depositing, there’s a $25 fee on any wire transfer below $10,000. As for withdrawals, they are entirely free of charge at Forex.com.
Markets to Trade with Forex.com
More than eighty Forex pairs available for the retail trader to choose from.
Furthermore, Forex.com offers an extensive range of products like CFDs, Stocks, Commodities, or Indexes. Cryptocurrencies also exist, but only for the U.K. traders.
Forex.com Trading Platform
Two trading platforms exist. One is the most popular trading platform among retail traders: MetaTrader4. The other one is an advanced trading platform offered by Forex.com with a full range of indicators to make trading fast and accurate.
Research and Customer Service
The economic calendar, regular news, and research reports – all available to traders for making informed decisions. On top of that, Forex.com offers its own market analyses, so traders always have the broker’s point of view
on various markets.
Forex.com customer support comes in the form of live chat from 10 AM to 5 PM on Sunday ET time. However, that’s a chatbot, so expect some limited options on complex issues.
Phone support, however, is fast and easy to use, with a bit of a queue possible depending on the time of the day.
Forex.com Trading Education
While no free educational content is available, Forex.com has above industry average market analyses. Combining that with the free demo account, retail traders have all they need to practice trading on financial markets.
For educational trading materials, please refer to our education section where we review educators and courses.
Funds Safety with Forex.com
A globally regulated broker, Forex.com is licensed to operate in major regions like U.K, Canada, U.S, and the Eurozone. However, by respecting the regional rules and regulations, it means that not all trading instruments are accessible in all countries.
A complete broker, Forex.com brings its extensive experience to the retail trader’s benefit. Its comprehensive market analyses still set the norm in the industry. Add to this the fact that U.S. traders are welcomed, and you have a total brokerage house solution for the retail trader.
Learn more about Forex.com and the unique privileges they provide by clicking Forex.com Home.