- Website: www.forex.com
- Support: +44 (0) 20 7429 7900
- Park House
- 16 Finsbury Circus
- London, EC2M 7EB
Forex.com is a globally recognized online trading brokerage who primarily offers trading services for Forex and CFDs. The brokerage adheres to every trader’s needs and is a viable trading brokerage for both beginner and advanced traders. Forex.com is owned and operated by GAIN Capital UK Ltd. which is a registered company in the UK with registration number 1761813. The company is headquartered at 16 Finsbury Circus, London, EC2M 7EB which puts it under the jurisdiction of the UK’s Financial Conduct Authority (FCA). Forex.com is regulated by the FCA and adheres to their strict regulatory guidelines. In addition to this regulation, Forex.com is also protected by the Financial Services Compensation Scheme (FSCA). With connection to these regulatory authorities, traders at Forex.com can rest assured that their funds are safe.
Besides the regulatory compliances, Forex.com is also very easy to use and has one of the most well-designed websites and trading platforms we have seen for a trading brokerage. Forex.com also supports multiple languages as they are a worldwide trading brokerage. While Forex.com appears to be a viable online trading broker, are they really and are the services they provide right for you? Find out in the following review where we discuss the aspects that make up this broker, see how they compare to the competition, and whether or not they can be trusted to provide reliable and fair trading services.
79% of retail investor accounts lose money when trading CFDs with this provider.
Forex.com offers traders only two types of trading accounts; a Standard Trading account and an Active Trading Account. The Active Trading Account is their premium account type and requires a minimum initial deposit of $20,000 to open an account, while the standard trading account only requires a minimum deposit of $100. The accounts differ only in terms of fees, with the Active Trading Account having lower spreads than the Standard Trading Account.
Forex.com is unique in the fact that they offer traders the ability to trade from 3 different trading platforms known as the Advanced Trading Platform, Web Trader, and MetaTrader 4 (MT4). See these platforms overviewed below.
This platform is Forex.com’s proprietary trading platform and is very powerful and offers traders a wide array of features and tools including various drawing tools, advanced charting features, and more than 80 technical indicators. As well, traders have access to tried and tested trading strategies and have the ability to code their own.
This platform is great for speed and is compatible with multiple devices and browsers for quick and easy trading. This platform is not as advanced as the one above but features a number of impressive tools for technical analysis and charting. Traders can fully manage their account through this platform.
MetaTrader 4 (MT4)
This trading platform is the most widely used trading platform in the industry and it is loved by many. It’s available for free on the Forex.com website and has just about every tool and feature a trader would need.
Forex.com is fully compatible with all smart mobile devices including iOS and Android operating systems. The FOREXTrader platform is optimized for the small screen and supports the same look and feel as the desktop version. Also, traders can download mobile applications for the MT4 trading platform on both Android and iOS smart devices as well.
Forex.com has an extensive product list which spans across 200 global markets. The products offered by Forex.com are available to all traders from around the world and include over 75 tradeable products in the markets of Forex, and CFDs on Commodities, and Indices. See their details outline below:
- 45+ currency pairs including majors, minors, and some exotics
- Leverage up to 40:1
- High volatility
- Metals, energies, and softs can be traded as CFDs
- 12 commodity CFDs
- Leverage up to 16.67:1
- The most popular stock portfolios available for trade
- 10 index CFDs
- Leverage up to 33.33:1
- Global economy exposure
Deposit & Withdrawal Options
Forex.com accepts a small but complete variety of deposit and withdrawal methods such as various credit and debit cards, bank wire transfers, check, and wire transfers via SOFORT banking. Minimum and maximum transaction amounts for deposits and withdrawals are $30 and $10,000 respectively. Deposits and withdrawals via debit and credit card are completed within 24 hours, wire transfers take 1-2 business days, and checks take up to 5-7 business days. All deposit methods are free of charge and withdrawals are free as well, except for withdrawals via wire transfers where the withdrawal fee is $15.00.
Forex.com has very impressive customer support compared with many other online trading brokerages. They offer a variety of support methods that are available 24/7 such as telephone, live chat, email, and through their social media channels. The support options were all very effective and quick with their response times. We found that they respond in a very friendly and professional manner and are quick to answer our questions. Additionally, traders can receive support from the extensive FAQ page and comprehensive education center that comes complete with trader courses for beginners, intermediate, and advanced traders. As well, traders have access to a traders glossary, tutorials, guides, strategies, and more.
Forex.com is a truly competent and reliable online trading brokerage. They offer a variety of trading services spread across numerous global markets. The trading platforms available are exceptional and widely used. As well, traders have access to the most lucrative financial markets where they can trade with favorable trading conditions. As well, Forex.com is very safe, secure, and reliable as they are highly regulated and have an excellent reputation. All in all, it is easy to see that Forex.com is a quality brokerage offering top of the line trading services.
- Excellent selection of trading platforms
- Phenomenal customer care and support
- Great reputation
- Highly secure and regulated
- Narrow selection of tradeable assets
The following are the common questions that customers inquired about Forex.com.
Is Forex.com regulated?
Yes, it is regulated by the UK’s Financial Conduct Authority (FCA).
Is Forex.com a scam?
No, Forex.com is a legit broker with an excellent reputation and history.
Where is Forex.com based?
Forex.com is based at 16 Finsbury Circus, London, EC2M 7EB.