Regulated by: CFTC, NFA, CIMA
Forex.com Review & Author's Comment
Is Forex.com reliable? Forex.com spreads, Forex.com regulation, Forex.com account types. I am going to clarify all those topics in this Forex.com review. Forex.com is owned and operated by an industry giant; GAIN Capital Holdings who has been around for more than 20 years. Since Forex.com is registered and regulated by CFTC and NFA, US clients are welcomed to open a trading account and start investing online.
Is Forex.com reliable?
Yes, it is registered and regulated by CFTC and NFA in the US in addition to Cayman Islands IMA and UK’s FCA. Therefore, I can say that Forex.com is a reliable forex broker without any doubt. Forex brokers regulated by FCA are enforced to join Financial Services Compensation Scheme (FSCS) which insures client funds up to $85.000.
Forex.com Account Types
Forex.com offers two different account types; Standard Account and ECN Account. Spreads goes as low as 1.0 pips for EURUSD on Standard Account which is very competitive compared to industry standards. Minimum initial deposit required for Standard Account is zero which means that you can open an account and verify it without depositing any funds. The Broker also offers ECN like account on their exclusive trading platform called Advanced Trading Platform.
Forex.com Customer Support
Forex.com provides customer support in four languages; English, Spanish, Italian, Arabic. Live Chat is prompt to answer your questions and very informative. There is customer support for 24 hours. The Broker offers extensive market analysis and educational material on their web site.
Forex.com Trading Platforms
Forex.com offers its own exclusive trading platform called Advanced Trading Platform in addition to conventional MetaTrader 4. So, clients are given chance to choose between those two trading platforms. Advanced Trading Platform comes with a highly customizable dashboard and trade preferences, useful charting tools, more than 80 technical indicators, extensive drawing tools and integrated trading strategies with hundreds of predefined templates to choose from.
Forex.com Withdrawal and Deposit Methods
Investors can deposit and withdraw funds by credit card, bank card and wire transfer. Digital wallets such as Neteller, Skrill, Sofort are not available for the moment.
Forex.com Trading Instruments
Forex.com offers online forex trading with a leverage of 50:1, world indices with a leverage of 200:1, company shares with a leverage of 20:1, commodities with a leverage of 33:1 and cryptocurrencies with a leverage of 4:1. There is not many forex brokers out there allowing traders to invest in cryptocurrency market with leverage and Forex.com is one of few.
Forex.com Final Word
Forex.com is a regulated and reliable forex broker. One of the important features of this broker is that Forex.com is regulated by CFTC and NFA in the US thus accepts clients from the US. Only a handful of brokers accept clients from the US and Forex.com is the only one that is regulated and registered in the US.
Maximum value, reliability, superior trade execution, sophisticated trader tools, extensive market analysis and educational resources, professional and qualified customer support, over a decade industry experience, financial strength and strong regulation are the highlights of this reputable forex broker. Thus, I can definetely recommend to open an account and trade with Forex.com.
Well established broker with strong regulation and reliability. Regulated by US’s CFTC and accepts clients from the US. A wide range of tradeable instruments and reasonable spreads. Extensive educational and market analysis material.
User Review( vote)
|Adress:||135 US Hwy 202/206, Bedminster, NJ 07921, USA|
|Phone:||1 908 315 0653|
|Regulator:||CFTC, NFA, CIMA|
|Cryptocurrencies:||Bitcoin, Ripple, Ethereum, Litecoin|
|MAM / PAMM Account:|
|Funding Methods:||Credit Card, Bank Card, Wire Transfer|
|Withdrawal Methods:||Credit Card, Bank Card, Wire Transfer|
|24 Hours Support:|
|Languages:||English, Spanish, Italian, Arabic|
|Supported Platforms:||MetaTrader 4, Advanced Trading Platform|
|Spreads:||As low as 1.0 pips for EURUSD on Standard Account|
|Negative Balance Protection:|
|Accepts Clients from the US:|