FOREX.com is a trading name of GAIN Capital Group LLC which is registered futures commission merchant & retail Fx dealer with the Commodity Futures Trading Commission.
One can trade on 80+ currency pairs, stocks, indices, commodities and cryptocurrencies.
Forex.com offers its own proprietary trading platform for desktop web and mobile trading through apps. The platform has 70+ technical indicators, a host of time intervals, multiple chart types and 50+ drawing tools.
Additionally, you have access to MetaTrader 4 platform.
The unique part is the MetaTrader VPN hosting, where you get a MetaTrader 4 software pre-installed on Virtual Private Server (VPS) solution.
The solution helps you get maximum uptime, fast trade execution and account access from any operating system via a web browser.
However, to get a VPS solution you need to trade at least a notional volume of $500,000 per month.
For opening an account the initial deposit is $100 but Forex.com recommends depositing at least $2500 for better risk management. You can fund the account through credit, debit, forex cards and wire transfer.
Forex.com gives a default leverage setting of 50:1 and expects you to trade within the default leverage. MT4 accounts can request changes in leverage to 20:1 or even up to 10:1.
What I Like
- VPS hosting for active traders
- Account funding through credit & debit cards and wire transfer
What I Didn’t Like
- Commodity Futures Trading Commission registration only
- $100 initial deposit
Forex.com is a decades-old platform for trading foreign currencies and precious metals. The US-based company is transparent and offers a range of platforms useful to traders with varying backgrounds and experiences. While it doesn’t support many assets outside of forex, you can trade over 80 currency pairs as well as silver and gold with a US Forex.com account.
Forex.com is an online brokerage company that allows you to trade a wide range of assets such as foreign currencies, commodities, and stocks. The US-based company is regulated in multiple jurisdictions and operates in a transparent and security-minded manner.
Forex.com is a major platform for trading foreign currencies and other assets in major global markets. The well-regulated brokerage utilizes excellent security features to protect your funds. Forex.com supports more than 80 currency pairs, precious metals and futures. At Forex.com, traders can choose between three different account types to keep costs under control.
Note, this is a review of the site for users in the United States. If you are located anywhere else, check out the international Forex.com review.
|
|
When signing up for your account, you have two main options for pricing. The standard account uses spread-based pricing. Typical spreads start around 1-2 pips for the most popular assets and go up to over 100 on some of the less popular currency pairs. Spreads are variable, which means they can change at any time.
Higher volume traders with a focus on spreads can get lower spreads with a commission account. Commission accounts charge $5 per 100k of trades and unlock tighter spreads. Popular currency pairs may have costs below 1.0 with this type of account.
Joining the Active Trader Program gives you interest on available margin up to 1.5% APY and up to $9 in cash rebates per $1 million in trades.
Traders with a minimum recommended $25,000 balance and very high trade volume should consider the Direct Market Access (DMA) account. This unlocks even lower spreads and commissions. However, most users are best off with one of the other two depending on your account size and trade volume.
