- Minimum Deposit: Starts from $100
- Trust Score: 99
- Tradeable Symbols (Total) : 5500
OVERVIEW OF FOREX.COM
In this blog we will review forex.com broker as it is one of the oldest and popular forex broker in the industry. Forex.com’s trade is diversified and spread well over 500 markets, including equities, indices, FX, and commodities, on the new and state-of-the-art MT5 platform. The diversification of trade significantly lower investors’ risk and promises to bring handsome dividends on investment. Another factor that gives Forex.com an edge over its competitors is its cost-effective services. It offers its services at competitive prices, maximizing your potential to invest with it without burning a hole in your pocket. It offers multiple pricing choices keeping your trading style in its mind. Competitive pricing offered by Forex.com brings home to us its customer-centric business model. Furthermore, if you are an active trader of Forex.com, you can earn discounts and professional guidance to suit an individual’s needs and demands.
An account on Forex.com can be synced with NinjaTrader, a top-rated minor party trading platform. A Virtual Private Server (VPS) is available for MT4 accounts. Clients have also access to Forex.com’s
FX API- A feature that allows a trader to access information about different currencies and their value in real-time and lets clients strategize independently. MT4 and MT5 connectivity enable the use of automated strategies using MetaTrader algorithms.
Forex.com provides a functional demo account for free. This gives interested clients time to analyze costs before investing their capital. But one feature of the free demo account that has come under fire from one and all is that Forex.com doesn’t give its potential clients the option of extending or even applying for a new free demo account under the same credentials. It means you have one month to understand the trading. After one month’s expiration, you must have a live account on Forex.com.
FOREX.COM REVIEW
There are numerous benefits of trading with positive Forex.com. We will begin our analysis of their strength first and foremost with their approach to account opening.
Account opening is the first and most crucial step in forex trading. A new trader, or even an experienced trader who wishes to have multiple accounts, faces their first hurdle while opening a trading account. Lack of transparency, terms, and conditions written in too technical a language, etc., turn the experience of opening an account into a nightmare. Opening an account with Forex.com is a pleasant experience as it keeps the entire process hassle-free and provides support at every stage. A team is dedicated to working on traders’ issues and providing solutions in real-time.
Once you are done with account opening, the biggest concern is the account’s safety. The market is full of traders who disappear into thin air once you have opened a trading account with them. Some traders keep adding charges on account maintenance, making it very difficult for traders, especially the new ones, to hold on to their accounts. Forex.com does what it says. There are no hidden charges, and once you open your account with them, they will assist you at every stage of account maintenance. Information in the digital world is empowerment. Forex.com truly believes in empowering its customers.
The next stage is awareness. And here, Forex.com is ahead of its peers by a country mile. The biggest strength of Forex.com is its ability to disseminate evolving market information among its traders. Forex is a dynamic and ever-evolving market. If traders are not up-to-the-minute with the financial world, they risk losing everything they have in a single stroke. Forex.com prioritizes educational content and ensures it reaches the right audience at the right time.
Cost-effectiveness is another of Forex.com’s strengths. Investing with this broker brings you a better Return on Investment than any other competitor. The benefit of cost-effectiveness is that one doesn’t have to go for a massive investment to maximize profit. The efficient service provided by Forex.com ensures your money is put in the right place. This maximizes your profit even with a below-par investment.
Experience is a little more than expertise. And Forex.com ticks the box of experience as well. Forex.com was incepted in the early noughties, and since then, it has had a stellar record of delivering above-par services to its traders. Its experience and vast expertise in the forex market make your collaboration with it safe and fruitful.
OUR ASSESMENT ON FOREX.cOM
Forex.com trading is centered on fast and reliable trade execution, though it provides its services to all types of traders. Its emphasis on fast and reliable trade execution makes it the right fit for the traders whose trades are of higher magnitude. High-volume trade has benefits: it can earn you a discount that maximizes your Return on Investment. If you choose to avail services offered by Forex.com, you will have access to various financial instruments with spreads and commissions that reflect the industry’s
| FEATURES | FOREX.COM |
|---|---|
| Year Founded | 1999 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 4 |
| Tier-2 Licenses | 1 |
| Tier-3 Licenses | 1 |
| Forex Trading | Yes |
| Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 5500 |
| Forex Pairs (Total) | 91 |
| U.S. Stock Trading (Non CFD) | No |
| Int'l Stock Trading (Non CFD) | No |
| Social Trading / Copy Trading | No |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (CFD) | Yes |
| Minimum Initial Deposit | $100 |
| Average Spread EUR/USD - Standard | 1.1 (US August 2021) |
| All-in Cost EUR/USD - Active | 1.1 (US August 2021) |
| Active Trader or VIP Discounts | Yes |
| Execution: Agency Broker | No |
| Execution: Market Maker | Yes |
| Android App | Yes |
| Apple iOS App | Yes |
| Mobile Alerts - Basic Fields | Yes |
| Watchlists - Total Fields | 18 |
| Watchlist Syncing | Yes |
| Charting - Indicators / Studies (Total) | 139 |
| Charting - Drawing Tools (Total) | 25 |
| Mobile Charting - Draw Trendlines | Yes |
| Charting - Multiple Time Frames | No |
| Forex Calendar | Yes |
Table of Contents
FOREX.COM REVIEW
Summary
Forex.com trading is centered on fast and reliable trade execution, though it provides its services to all types of traders. Its emphasis on fast and reliable trade execution makes it the right fit for the traders whose trades are of higher magnitude. High-volume trade has benefits: it can earn you a discount that maximizes your Return on Investment. If you choose to avail services offered by Forex.com, you will have access to various financial instruments with spreads and commissions that reflect the industry’s
Pros
- FOREX.com’s parent company StoneX, is publicly traded (NASDAQ: SNEX) and regulated in four tier-1 jurisdictions, making it a safe broker (low-risk) for trading forex and CFDs.
- FOREX.com earned Best in Class (top 7) awards in two core categories for 2022, including Offering of Investments and Mobile Trading.
- With a wide range of markets available, FOREX.com’s multi-asset offering shines the most on its flagship Advanced Trading (desktop) and Web Trading (browser) platforms.
- Web Trader features TradingView’s advanced charting, which is fully integrated and conveniently accessible through the same username.
- With FOREX.com’s acquisition of Chasing Returns, performance analytics are now available to live account holders for free.
Cons
- MetaTrader 5 is only available outside of the U.S. – though it is set to launch domestically in 2022.
- The educational offering for U.S. traders is not as robust as what’s available on FOREX.com’s new U.K. website.
- Only about 600 instruments are available on FOREX.com’s MT5 platform, compared to over 4,500 on its non-MetaTrader platforms.
- FOREX.com doesn’t produce video content as actively as peers in the research and education category, despite offering quality written content across both.
delay in withdrawal procedure
I faces a lot of issue in my withdrawal procedure due to which I would not recommend this broker to anyone.
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Good education stuff
There are good educational content for newbies in forex trading. I learned lot of concepts from them
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