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Forex.com Broker Review:2021

Since 2001, Forex.com has been offering over 200,000 traders across the globe access to trade 300 global markets including 80 FX pairs, 220 Shares, Commodities, Equities, Indices and Cryptocurrency. The longevity of Forex.com helps to reassure traders that they are using an established broker with years of experience within the trading industry. Forex.com are one of the leading trading brokers globally, with a proven track record of consistently providing exceptional trading conditions to retail traders. They have earned the trust and loyalty of many traders due to their fast execution spee

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Forex.com Broker Review:2021

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  1. Forex.com Forex.com headquarters is in the US. The address is 135 US Highway 202/206 Bedminster, New Jersey, 07921. However, it has a fully operational UK presence as well. FOREX.com's parent company StoneX Group, Inc., is publicly traded (NASDAQ: SNEX) and regulated in 4 tier-1jurisdictions. The 2001-established company is regulated by several financial authorities, including the top-tier Financial Conduct Authority (FCA) in the UK and the US Commodity Futures Trading Commission(CFTC). Pros & Cons Pros • Stone X, the parent company, is publicly traded on theNYSE • Wide range of productofferings • Trading View charts built into the webplatform • Regulated by FCA (UK) & CFTC, NFA(US.) • Offers protection for U.K./E.U. clientaccounts • Rebates for high-volume traders • Commission-freetrading • Accepts USclients • Fits well with high volumetraders • Trades over 90 currencypairs • client can Choose between standard and commission accounts to reducecosts • Multiple platforms, includingMetaTrader. Cons • No account protection for USclients • No guaranteed stop losses for USclients • CFDs not available in theUS • The broker's UK entity makes available crypto CDFs neither to retail traders nor Britishresidents. • Subpar websitemaintenance • Limited assets outside of foreignexchange.

  2. Is Forex.com a scam?Regulations Forex.com is the numero uno forex broker in the US as far as customer funds go. CFTC registered with the CFTC,FOREX.com is a member of the NFA (#0339826). Moreover, GAIN Capital UK Ltd (Broker's British entity) is authorised and regulated by the Financial Conduct Authority (FCA#113942). Segregated Client funds are a guarantee ofsecurity. British and Continental traders are FSCS-protected to the extent of £85,000. In addition, traders can avail of Guaranteed stop-loss and negative balance protection, albeit at acost. The Canadian Investor Protection Fund looks after Canadian trader investments with FOREX.com. As far as user security goes, the data is encrypted using SHA256, TripleDes and MD5. On the other hand, Two-Factor Authentication (2FA) and biometrics (mobile application) secure access. Publicly traded, Forex.com is authorised by four tier-1 regulators and one tier-3 regulator (low trust). Significantly, it does not operate a bank. Following tier-1 regulators regulate the broker: Financial Conduct Authority (FCA), Investment Industry Regulatory Organization of Canada (IIROC), Japanese Financial Services Authority (JFSA), and the Commodity Futures Trading Commission (CFTC) NEFA (National FuturesAssociation). • FOREX.com's parent company is publicly traded (NASDAQ: SNEX) and regulated in four tier-1jurisdictions. • FOREX.com tops across four core categories: Offering of Investments, Platform and Tools, Mobile Trading, andEducation. • FOREX.com's multi-asset offering performs the best on its flagship Advanced Trading (desktop) andWeb Trading (browser) platforms. Forex.com Trading AccountTypes Standardaccount The standard account is best suited to beginners and novices. It has higher spread costs and nocommissions. Commissionaccount The commission account targets high-volume and expert traders. Here, you pay a commission in exchange for lowerspreads. Direct market accessaccount For advanced/professional, high-volume traders, this account has a recommended minimum balance of $25,000. It has lower spreads and higher volume requirements for the lowest commissions after rebates. Demoaccount The demo account permits you to fully get used to the characteristics of the broker's platforms. Also, you can find out if, as a beginner in FX trading, you are really ready to commit real funds even as you practice with virtual funds in demo account simulatedtrading.

  3. You only need to submit your name, address and tax ID to substantiate your identity. You will be submitting documentary proof to thisend. • Valid and currentpassport • Valid and current driver'slicense • Valid and current nationalID You can prove your residential status bysubmitting: • photo ID with address,Government-issued • Bank/credit cardstatement • Utilitybills You can upload these documents through the MyAccount section. It is possible to open a joint or corporate account with some extra steps. You can start trading with$100. Forex.com tradingplatform FOREX.com provides forex traders with everything they need and more to trade effectively. There are plenty of options between the broker's flagship Advanced Trading desktop and Web Trading platform. Additionally, there's the full MetaTrader suite, MetaTrader 4 (MT4) and MetaTrader 5(MT5). Advanced Trading: FOREX.com's flagship desktop platform, Advanced Trading, has a hearty charting package with 139 technical indicators, drawing tools, and 100+ pre-defined automated strategies. In addition, Trading Central powers Technical Analysis and research tools. We can only approve its suite of Market Buzz, Technical Insight, and Analyst Viewsmodules. Webtrading: FOREX.com's Web Trading platform facilitates browsing through markets, conducting research, and placing trades. Trading View powers Charts. The latter comes complete with close to 100 indicators, 14 timeframes, and ten charttypes. • Designing a new layout can be a hassle as windows do not automatically rearrange and may quickly become jumbled. But, moving on, there are advanced order types and features such as the "close all" button, amalgamated positions besides the ability to set a price tolerance (deviation parameter for slippage) for tradeexecutions. MetaTrader: It's mildly unsettling that there are barely 600 instruments available on the broker's MT5 platform, relative to more than 4500 on its non-MetaTraderplatforms. Mobile app/Mobiletrading FOREX.comoffers a native mobile app alongside the MetaTrader mobile apps, including MT4 and MT5. In addition, FOREX.com's mobile app saw a great makeover in2020.

  4. Highlightfeatures: • Economiccalendar, • Trading Central Integrated modulesuite, • Alerts, • Market updates,and • News headlines fromReuters. • The mobile app's trading and managing positions are straightforward due to its fluid user interface and minimalist design. The app also services advanced order types, amongthem. • OCOs, • Trailing-stops, as wellas • A "close all"button. Mobilecharting: The FOREX.com app syncs watch lists and include Trading View-powered charts, with 80+ indicators and 75 drawingtools. MetaTrader: Forex.com mobile tradingfeatures: • AndroidApp; • Apple Ios App; • Alerts- BasicFields; • WatchList; • Watch ListSyncing; • Charting – 88Indicators/Studies; • Cahrting – Draw Trendlines; Charting– • TrendlinesMoveable; • Charting – Multiple TimeFrames; • Charting – DrawingAutosave; • ForexCalendar. Forex.com tradableassets • 91 Currencypairs • Unleveraged gold andsilver • Five Futures products (viaFuturesOnline) • 20 Stock IndexCFDs • 380 StockCFDs • 20 ETFs • 29 CommodityCFDs • NineCryptocurrencies Forex.com commission &spreads Standardaccount: Average spreads costlier at 1.4 pips (1.6 in the US) on theEUR/USD. DMAaccount Globally available and tied to FOREX.com's native Advanced Trading platform suite, the DMA account presents agency execution and the FOREX.comdiscounts. • The general spreads are close to 0.03 pips on this account for the EUR/USDpair. Commission account: • There are five volume tiers with rebates moving between $2 per million at the base tier and $9 per million for levelfive.

  5. The lowest tier-based commission is costlier at $10 per Standard lot ($5 per side), adding close to one pip to the typical spreads of 0.8 pips for theEUR/USD. Forex.com leverage Margin requirements for FOREX.com differ depending on the currency pair you're trading. For example, the USD/CAD pair margin requirement is2%. The implication is that for every $100,000 of margin you want to use, you must maintain a deposit of at least $2,000 in youraccount. Forex.com deposit &withdrawals Some parts of the broker offering are indeed free, which makes this broker one of the most competitively priced, even on a standardaccount. Theseinclude: • No account openingfee • No deposit fees • No withdrawal fees • No account managementfee. There is an inactivity fee of $15 that is charged monthly. this is levied once the account is inactive for 12+ consecutivemonths. FOREX.com is truly a low-cost brokerage. The minimum deposit required is$50. Forex.com educational & researchsupport Written content: Quality EducationalPublishing FOREX.com has close to 100 written articles that are conveniently organised by experience level. The educational content covers 19 beginner articles (excluding platform tutorials), 34 intermediate, and 17 for advancedusers. Forex.com educationfeatures: • Comprehensive General ForexEducation; • ClientWebinars; • Beginner TradingVideos; • Advanced Trading Videos; • Investor Dictionary(Glossary); • Tutorials/Guides (PDFs OrInteractive). Researchoverview: The Advanced Trading platform has Multiple news channels, automated pattern-recognition modules from Trading Central, and blog updates from FOREX.com's global research team. Headlines stream from Reuters. Besides, an economic calendar is integrated across the site and platforms. Forex.com researchfeatures

  6. Daily MarketCommentary; • Forex News From Top TierSources; • WeeklyWebinars; • Trading Central(Recognia); • Social/Market Sentiment (CurrencyPairs); • EconomicCalendar. Forex.com customersupport • There are currently three ways by which you may reach customersupport. • Phone: selecting option 1 after calling877-367-3946; • Email – support@FOREX.com; • Live Chat on thewebsite. • Forex.com customer support is available Sunday –Friday 10:00 -17:00EST. FinalVerdict FOREX.com concentrates its resources on currency trading — and in this arena, it excels. Lower-than-average commissions and a comprehensive platform will thrill the most experienced forextrader. While tiered pricing and margin access may confuse new traders, novices will take great pleasure in FOREX.com's vast range of educational tools and resources. In addition, mobile traders will be captivated by FOREX.com's app, which mirrors the compatibility of the web platform. FOREX.com offers a unique platform in tradable currencies and excellent education offerings both beginners and experienced traders can navigateeasily.

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