Forex.com Broker Review

Forex.com at a glance:

Regulation: Yes (NFA, FCA)
Minimum Deposit: $50
Demo Account: Yes
USA: Yes
Mobile: Yes

“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”

 

FOREX.com

General Overview

Forex.com is a broker that has been regulated since 2004, meaning that they have been in the financial industry for a longer time than many of the other brokers. This is the first good sign as they are still on the business.

Forex.com has a large education center for their clients. The center includes the following sections; trader themes, trader courses, popular topics, and additional resources. Trader themes have basic knowledge about trading concepts and strategies, managing risk and different analyses. Trader courses have three different course types; Beginner, Intermediate and Advanced. Popular topics include basics of forex and charts and how to develop your own trading plan. Additional resources have trader topics and a trading glossary.

Assets Coverage

Forex.com offers different assets to trade, depending on if you are a client from the US or not. Assets for non-US clients are forex, indices, shares, commodities, and cryptocurrencies. However, if you are based in the US, you are only able to trade forex, gold, silver, and futures & futures options. In both cases, you are able to choose from a wide variety of different assets to start trading.

Types of Platforms

Forex.com has five types of different trading platforms available. These are divided into advanced, web and mobile platforms. On top of their own platforms, they offer MetaTrader 4 for Windows computers and the MT4 Web for Windows and Mac computers.

Advanced platform is the desktop version of the trading platform and requires downloading and installing it. Web trading platforms can be used without installing the software and therefore you can use the web platform with both Windows and Mac computers. The mobile platform is available for Android and iOS devices and it allows you to trade on the go.

Deposits and Withdrawals

The accepted payment methods to fund your Forex.com account depends on if you are based on the US or not. Note that Forex.com does not accept e-wallets.

For non-US traders, the available methods are credit & debit cards and wire transfer. For US traders the methods are a debit card, wire transfer or eCheck. Withdrawals are deposited to the same account where the funds were added to your account in the first place.

Customer Service

Customer service is available through telephone, email, contact form, and live chat on the website. You can also refer to the FAQs of Forex.com as they have done a great job gathering a lot of information there. The FAQ is very well categorized which makes it easy to find an answer to your question.

Safety & Security

Forex.com is a regulated broker and they separate the clients’ funds from their own funds. The funds are distributed across a global network of custodian banks. Forex.com is also a very transparent broker, they are giving a lot of information about themselves on their website.

Verdict

Forex.com is a broker that has been in the financial industry for a long time. They are reliable, transparent and trusted around the globe. They offer their own proprietary platforms as well as MetaTrader 4. The education they offer to their clients is very well constructed and there something for everybody. Tradeable assets vary if you are based on the US or not. All in all, Forex.com is a broker you can trust.

Start Trading with Forex.com

 

 

“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”