Forex.com Guide – Read our 2022 Forex.com Review in Depth
Forex, Indices, Commodities, Equities, and Cryptocurrencies.
CFDs are complicated instruments that carry a high risk of fast financial loss owing to leverage. 80% of retail investor accounts who trade CFDs with this supplier lose money. Consider whether you comprehend how CFDs operate and whether you can afford the high risk of losing money.
What exactly is Forex.com?
Forex.com was launched in 1999 as a global online financial trading platform and multi-asset broker.
After more than 23 years, Forex.com has expanded to provide individual investors Forex, Indices, Commodities, Equities, and Cryptocurrencies trading.
Forex.com is a worldwide broker. Forex.com’s headquarters are in the United States.
Finding a broker who matches your requirements when trading on the financial markets can be a time-consuming process.
In this Forex.com review, we will evaluate how effectively the Forex.com platform operates in 2022 as an international multiple financial asset trading platform for traders.
Frequently, it is necessary to browse and study numerous broker websites, all of which employ distinct linguistic styles. The language can be extremely perplexing. Selecting an online broker such as Forex.com might be challenging. For a novice, the initial obstacles may include what appears to be a complex mobile or online trading platform, difficult financial language, and unclear cost structures. In our Forex.com review, we break down the advantages and cons: what Forex.com can offer, which countries Forex.com is available in, who regulates Forex.com, and more.
Having a trustworthy and competent broker is essential for online trading success. Ensure that your broker is not fraudulent or unreliable to protect your investment. In order to establish a fruitful working relationship with your broker, you must ensure that your needs match his or hers.
This is why we have taken the effort to evaluate only the top brokerage firms, their procedures, their fee structure, and all other relevant factors. We want you to research, assess, and entrust your hard-earned money to only the most trustworthy and competent brokers. We hope you find this Forex.com review to be informative.
This analysis of the Forex.com platform is extremely comprehensive. If you are interested in trading in any capacity with Forex.com, please read and investigate the entire Forex.com review.
We have endeavored to describe the intricacies of financial trading on the Forex.com platform as clearly as possible so that you, the trader, are as well-informed as possible prior to using the Forex.com trading tools and depositing and withdrawing cash from Forex.com.
When trading financial assets with Forex.com, such as Forex trading, Indices trading, Commodities trading, Equities trading, and Cryptocurrencies trading, you should have faith in Forex.com and know that your financial investments on the Forex.com platform are well managed.
At the end of this Forex.com review, you’ll also find information about some pretty solid Forex.com alternatives.
With our Forex.com evaluation, we hope to assist you in determining whether Forex.com meets your needs.
It is a popular misconception that online trading is simple. Online trading is complex, and traders must conduct their own research and have a firm grasp of their activities. You will gain crucial information about Forex.com in this post that will help you get off to a strong start in the world of online trading.
Forex.com is a Multi-Asset Trading Platform with over 4500+ Assets.
Forex.com is a multi-asset marketplace with over 4500 assets that may be traded. Assets available on Forex.com include Forex, Indices, Commodities, Equities, Cryptocurrencies.
Forex.com trades several forms of financial assets. A financial asset is any actual or intangible security or asset with connected financial value. This indicates that Forex, Indices, Commodities, Equity, and Cryptocurrencies are financial assets.
Aspects of Forex.com
• Virtual Portfolio, also referred to as a Demo Account
• API Trading
• StopLoss
• Following Stops
• TakeProfit Orders
• Forex.com provides comparing tools for Advanced Financial Charts
• Forex.com provides expert financial market and investment analysis supported by research.
• The Forex.com platform is accessible on a variety of devices, including Windows PCs, iOS devices such as iPhones and iPads, Android devices, and web browsers.
• Forex.com provides an intuitive trading platform with tools for both novice and seasoned investors.
• Users of Forex.com benefit from the platform’s availability in more than three languages
What you ought to know
Forex.com provides five trading options, including Forex, Indices, Commodities, Equities, and Cryptocurrencies. The assets and products you have access to on the Forex.com trading platform depend on the location of the world you are in and the type of account you have.
With Forex.com, a $100 minimum deposit is required. Register for a demo account to familiarize yourself with the Forex.com platform.
Forex.com is equipped to accommodate traders of all experience levels, from novice to expert.
Are Forex.com safe?
When selecting a broker such as Forex.com, the administrative body and regulatory status of the broker are crucial considerations. Brokers that execute transactions without regulatory oversight do so at their own discretion. Any invested capital is subject to danger.
Forex.com has been in operation since 1999 and has its headquarters in the United States.
Forex.com is governed. This means Forex.com is regulated by the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Cayman Islands Monetary Authority (CIMA), the Investment Industry Regulatory Organization of Canada (IIROC), the National Futures Association (NFA), the Commodities Futures Trading Commission (CFTC), the Monetary Authority of Singapore (MAS), the Financial Services Agency (FSA), and the The Securities and Futures Commission (SFC).
Due to the regulations enforced, it is improbable that regulated brokers will manipulate market pricing. When you request a withdrawal from Forex.com, your request will be honored. If Forex.com violates any regulatory guidelines, they could lose their regulated status.
CFDs are complicated instruments that carry a high risk of fast financial loss owing to leverage. 80% of retail investor accounts who trade CFDs with this supplier lose money. Consider whether you comprehend how CFDs operate and whether you can afford the high risk of losing money.
Are my funds secure with Forex.com?
Traders’ deposits to their Forex.com accounts are stored in a separate bank account.
For extra protection, Forex.com utilizes Tier 1 banks. Tier 1 is the official indicator of a bank’s financial stability.
Why must Forex.com utilize Tier 1 banks?
Tier 1 banks are regarded as the safest and most secure in terms of client capital. Tier 1 is a word used to describe a bank’s financial strength. Tier 1 banks have substantial capital reserves and can often tolerate unforeseen losses.
What does it mean for Forex.com to deposit your funds in a Tier 1 bank?
If you deposit money with Forex.com, your cash will be held in a bank with sufficient capital to meet your withdrawal requests even if Forex.com goes out of business.
We may therefore conclude that Forex.com is reasonably safe and secure.
Please aware, however, that it is possible to lose money when trading financial instruments. Accounts can lose money due to insufficient market research, lack of skill, or failure to utilize the tools given by the brokerage platform.
Forex, Indices, Commodities, Equities, and Cryptocurrencies trading sometimes results in a quick loss of capital when trading in financial investments. You should only engage in trading if you are aware that your invested capital is always at risk due to market volatility. Forex.com makes it explicit on their platform that CFDs are sophisticated securities with a high chance of experiencing fast capital loss owing to leverage. 80% of retail investor accounts who trade CFDs with this supplier lose money. Consider whether you comprehend how CFDs operate and whether you can afford the high risk of losing money.
Now that we’ve answered some crucial questions about Forex.com, we’ll continue. Let’s examine the Forex.com features in further depth.
When working with Forex.com, consider establishing two accounts. One account contains actual money, while the other is a practice account. The demo account serves as your testing account.
CFDs are complicated instruments that carry a high risk of fast financial loss owing to leverage. 80% of retail investor accounts who trade CFDs with this supplier lose money. Consider whether you comprehend how CFDs operate and whether you can afford the high risk of losing money.
We may gain a commission if you register with a broker through one of our links.
Forex.com Pluses and Minuses
We appreciate Forex.com’s
• Utilized by more than 200,000 Forex.com traders and users
• Originating in 1999
• Regulated by Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), The Securities and Futures Commission (SFC), Cyprus Securities & Exchange Commission (CySEC)
• Minimum down payment of $100
Regulation and Licensing of Forex.com in greater detail
According to our investigation, Forex.com is regulated and controlled by reliable organizations. You can review each Forex.com regulation and oversight authority listed below. Regulation affords you redress if you encounter problems with Forex.com. In the event that a broker falls insolvent, regulatory authorities protect traders via reimbursement systems that recoup client funds.
To maintain their licenses and continue operations in these jurisdictions, the brokerage firms must adhere to a variety of rules and criteria established by the regulatory authorities of each jurisdiction. The purpose of regulation is to safeguard Forex.com traders and create a more secure trading environment. Financial regulation and license approval is needed.
• Financial Conduct Administration (FCA)
• Securities and Investments Commission of Australia (ASIC)
• Cayman Islands Financial Administration (CIMA)
• Canadian Investment Industry Regulatory Organization (IIROC)
• Futures Industry Association (NFA)
• Commission for Futures Trade (CFTC)
• The Financial Services Authority of Singapore (MAS)
• Financial Services Commission (FSA)
• Securities and Exchange Commission (SFC)
• Securities and Exchange Commission of Cyprus (CySEC)
Forex.com is governed, regulated, and monitored by respectable financial regulatory agencies. Regulatory organizations monitor the behavior of brokers and will take action if something goes wrong. Before engaging in online trading with a broker like Forex.com, you need confirm that they are a legitimate online agency.
Is Forex.com Global?
Yes, Forex.com is global, as it is accessible in more than 194 countries.
Forex.com operates in 194 countries, including the United Kingdom, Germany, Australia, South Africa, Thailand, the United States, and China. According to its Wikipedia entry, Forex.com has more than 200,000 subscribers worldwide.
Forex.com Honors
Throughout their 23 years in business as a financial broker, Forex.com has garnered numerous industry accolades. Below is a collection of Forex.com’s most notable awards and mentions.
• Best Foreign Exchange Service Provider at the 2019 UK Shares Awards
• Winner of Investors Chronicle’s 2013 Best Forex Broker Award
• ForexExpo Best US Broker 2013 Award
• Shares Magazine Best FX Broker 2012
• Middle East Forex and Managed Funds received the 2010 Best Arabic FX platform award from Forex.com
• Saudi Money Expo 2012 Winner of the Best Arabic FX Platform
• UK Forex Awards 2012 Winner for Best Retail Forex Trading Platform
• MoneyAM Best Online FX Provider 2011 Winner
• 2008 Deloitte Fastest Growing Companies in North America
• 2005 Inc. 500 List of the Fastest Growing Private Companies
• 2001 Forbes Best of the Web
Forex.com Charges Explanation
• Forex.com imposes no withdrawal fees. Discover more here. There is a cost for Forex.com USA wire transactions unless the amount is over $10,000. Discover more here. Please note that your third-party bank or withdrawal method may impose additional withdrawal costs.
Forex.com does charge inactive accounts a fee.
• Forex.com doesn’t impose deposit fees. Please be aware that your third-party bank or deposit method may assess additional costs for deposits.
Brokers provide cutting-edge internet trading platforms, mobile trading applications, financial research tools, and educational materials. In order for a brokerage to maintain these services and generate income as a business. You must be aware of the numerous trading costs that brokers may charge clients, as they may effect your bottom line.
Forex.com Rebates
Forex.com offers serious and active traders the opportunity to earn cash rebates based on the volume of their Forex, commodities, and Indice trades.
These Forex.com cash rebates are intended for professional clients, since you must trade at least £25 million each month to qualify.
Spread and commission reductions, daily trading account deposits, and monthly cash awards are all accessible to eligible traders as rebate options on Forex.com.
Rebates are credited to your Forex.com account at the beginning of the next month.
Forex.com provides professional traders with lower margins, exemption from product restrictions, personal one-on-one support, and a highly qualified market strategist as an extra benefit.
The Financial Ombudsman Service and the Financial Services Compensation Scheme offer protection for all of this.
Forex.com Minimum Deposit
When opening a Forex.com account, a minimum deposit of 100 GBP/USD/EUR is required.
A minimum deposit is the minimum amount necessary to start a new online brokerage account with Forex.com.
Brokers like Forex.com that need a minimum deposit to start a trading account should not deter you. Brokers with higher minimum deposits typically offer premium services on their platforms that are not free on other platforms.
In general, brokers with smaller minimum deposits cater to a more broad clientele that does not require certain advanced features and research tools.
Brokers who do not require minimum deposits typically do so to attract new clients. They must generate returns in some way, therefore transaction commissions and other trading fees may be greater for accounts with a small minimum deposit.
Brokers requiring a higher minimum deposit typically provide a broader selection of trading features on their platforms. Frequently, these brokers provide more comprehensive technical analysis and research tools, as well as enhanced risk management capabilities.
As an increasing number of online trading platforms have joined the market, the minimum amount required to create a live trading account has decreased as brokers compete for new customers.
Depending on the type of trading account you choose, some brokers have a minimum deposit requirement of up to 6,500 GBP/USD. Certain brokers can go up to 10,000 GBP/USD.
Fees for Forex.com Withdrawals
Forex.com imposes no withdrawal fees. Discover more here. There is a cost for Forex.com USA wire transactions unless the amount is over $10,000. Discover more here. Please note that your third-party bank or withdrawal method may impose additional withdrawal costs.
Each broker has its own withdrawal policies about how funds can be withdrawn from trading accounts.
This is due to the fact that each brokerage business will have different withdrawal methods, and each payment provider may have varying transfer processing fees, processing delays, and currency conversion expenses. The conversion charge depends on your base currency, the destination currency, and your payment provider.
Forex.com, for instance, permits withdrawals to Bank Transfer, Credit cards, Debit cards, Electronic wallets (eWallets), PayPal, Cheques or Checks, eChecks, and Union Pay. If located in the United Kingdom, Forex.com allows withdrawals to both PayPal and bank accounts. If you are located in the United States, Forex.com permits you to withdraw funds via electronic bank transfer, wire, check, and eCheck. Forex.com allows withdrawals via electronic bank transfer, wire, check, and eCheck for the rest of the world.
Foreign Exchange.com Inactivity Fees
Forex.com does charge inactive accounts a fee.
Account inactivity fees are fees levied to clients of authorized brokerage firms.
In accordance with the terms and conditions of their accounts, brokers may impose specific trading activity requirements on their clients.
If a client’s trading account is inactive for a length of time determined by the broker, an inactivity fee may be charged.
Inactive account fees are not exclusive to online trading accounts. Numerous financial service providers may assess inactivity fees. Please review the broker’s website and confirm that you are aware of and agree with any fees and services you may be charged.
If you are no longer utilizing your trading account, contact your broker’s customer service to close it. And ensure you have documentation that there are no outstanding fees.
Depending on the type of account you have, an inactivity fee may only be assessed under specific conditions. As part of their regulatory obligations, brokers must explicitly disclose any inactivity costs.
Some brokerage firms may levy inactivity fees as compensation for retaining your account on their costly trading platforms, in an effort to recoup money lost from commission fees from your lack of trading.
Forex.com Deposit Fees
Forex.com does not impose deposit fees. Forex.com in the United States does charge wire transfer fees unless the transfer amount exceeds $10,000; additional bank / third-party merchant fees may also apply.
Always review deposit fees, as some brokers may impose a fee for particular funding methods.
When you deposit a specific fiat currency into your account, the cost may be fixed. For instance, depositing payments using a credit card is known to incur significant costs. This is the case if your broker accepts credit card deposits.
Commission Fees at Forex.com
On CFD instruments, Forex.com charges a commission.
A commission fee may be charged by a broker for enabling the purchase and sale of financial assets through your trading account.
The majority of a brokerage’s revenue may come from charging commission fees to registered traders on client transactions.
Commission fees might vary based on the type of transaction, the type of financial asset, and the account tier.
If the brokerage executes, cancels, or alters an order on your behalf, the broker will charge a commission.
Typically, if a market order is not executed by your broker, no commission is charged.
Be advised that if you modify or cancel your transaction, your broker may incur a commission fee.
What may be traded using Forex.com?
Due to regulatory restrictions, different organizations under the Forex.com Brand provide different trading instruments. Trading instruments may vary based on the Client’s place of residence and the organization holding the customer account. In addition, the trading instruments provided by Forex.com may differ based on the trading platform you select.
With Forex.com, you can trade over 4500 different instruments.
Forex.com provides over 80 currency pairings if you are searching for Forex brokers to trade currency pairs on worldwide Forex marketplaces.
Trading on the web platforms of Forex.com and other applications
Forex.com is the only broker in the United States to offer FMA. DMA (Direct Market Access) is also accessible for Forex.com UK services and the rest of the world.
There have been significant enhancements to the mobile application, including:
• New dynamic trade ticket with real-time updates to essential risk management data and the flexibility to make orders by price, pips, or profit and loss.
• New advanced charts powered by TradingView with more than 50 indicators, sketching tools, in-chart trading, and the ability to save chart templates.
Notifications delivered through push technology.
In addition to indices, commodities, equities, and cryptocurrencies, Forex.com offers a vast array of products. Over 4,500 markets are available for trading on FOREX.com.
Trading View is now available at Forex.com
Forex.com offers more than fifty technical indicators on all TradingView charts on its own platforms. In addition to configuring indicators, drawing tools, and preferences, users can store a template for future usage.
For a smooth charting experience, all Forex.com proprietary platforms now provide TradingView charts. TradingView.com allows Forex.com clients to connect to their accounts and trade. Demo and live users of Forex.com can also access a standalone version of the TradingView software.
Forex.com Market Research
Forex.com provides Advanced Charting by TradingView, Autochartist Market Analysis and Trade Ideas, Recognia, our worldwide research team’s exclusive analysis, Reuters News, and Economic Calendary by FXStreet.
Forex.com is one of the few brokers to offer both the MT4 and MT5 MetaTrader platforms. To examine how the two platforms compare, please view our MT4 vs. MT5 comparison. Currently, Forex.com does not offer the Metatrader 5 (MT5) trading platform in the United States.
Forex.com also offers mobile applications for Android and iOS, making it easy to monitor and execute trades on the go.
Is the Trading Platform at Forex.com Secure?
Using SSL encryption on both its PC and mobile platforms, Forex.com protects its customers’ personal information. Through its web platform, Forex.com also advises users to always seek for the SSL security indication (a locked padlock) on the browser when using Forex.com.
Options for the Forex.com Trading Platform
After logging into your Forex.com account, you will have access to the trading platforms listed below.
• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5)
Not accessible in the United States.
Not offered by Forex.com is the cTrader trading platform. Here you can locate a broker that supports cTrader
Let’s examine in depth each of these trading platforms and the alternatives offered by Forex.com.
Forex.com MetaTrader 4 (MT4)
Since 2005, MetaTrader 4, generally known as MT4, has been one of the most widely used trading systems on the financial markets. The MetaTrader 4 program provides a feature-rich, user-friendly interface and a highly customizable trading environment, all of which are designed to meet all of your trading demands and improve your trading success. Advanced charting capabilities and order management features.
Understand that the MetaTrader 4 (MT4) trading platform was designed primarily for Forex trading, but you may trade other financial assets via CFDs and Spread Betting. You will not own any underlying assets when you speculate on price fluctuations with CFDs or Spread bets on Forex.com. Here you may find additional information about the MT4 Platform.
Forex.com offers the MetaTrader 4 platform in many formats, including an online web platform and a downloaded application for Windows PCs and Apple Macs. MetaTrader 4 from Forex.com is compatible with macOS Mojave. Forex.com enables mobile trading on Android and iOS devices, including the iPhone, for traders.
Metatrader 4 Webtrader is available on Forex.com.
MetaTrader 4 is the most popular trading platform in the world, as more and more traders go to online trading. MetaTrader 4 is a web-based application that can be accessed by a web browser. MetaTrader 4 web software offers the same user-friendly performance as the desktop version by utilizing powerful charting, a highly customizable trading environment, easily accessible online trading tools, and numerous indicators. Without a Dealing Desk, you can trade in our Raw Pricing environment from anywhere in the world.
Trade Forex.com MetaTrader 4 for iOS Devices
On the Apple app store, you can download the Forex.com app or the MetaTrader 4 application to trade with Forex.com.
Download the Metaquotes MetaTrader 4 Program for free of charge from Apple’s App Store. Customers of Forex.com get quick access to these Financial Markets and the flexibility to manage their Portfolios on the move.
Trade Forex.com MetaTrader 4 for Android Devices
Android mobile devices and tablets are utilized by millions of individuals worldwide. Forex.com provides its customers access to the MetaTrader 4 platform on Android-supported devices, allowing them to monitor the financial market and trade directly from their Android-powered Smartphones and tablets. The Android Forex.com MetaTrader 4 Android application enables traders to utilize several advanced trading tools, allowing them to monitor and trade Forex fast, easily, and safely while on the go.
Trade Forex.com MetaTrader 4 Trading Central
Trading Central’s Alpha Generation Indicators is a Bundle of Three Major Indicators, Consisting of:
• Analyst Perspectives – An indispensable resource for leadership and important positions.
• Adaptive Candlesticks – Identifies chart patterns that depict significant demand and supply shifts.
• Adaptive Divergence Convergence (ADC) – Similar to MACD, but helpful for shorter time frames and offering more timely signals.
Forex.com MetaTrader 4 Superior Trading Instruments
The purpose of the Forex.com advanced trading tools for MetaTrader 4 is to enhance the overall trading experience and provide traders a competitive edge. Forex.com provides access to twenty exclusive tools, including feature-rich trade execution and administration applications, advanced notification alarms, communications capabilities, novel market data, and more.
Trade Forex.com MetaTrader 4 MultiTerminal
MetaTrader 4 MultiTerminal provides a user-friendly dashboard for traders to handle and monitor multiple trading accounts. MultiTerminal enables you to handle over 100 Accounts concurrently, enabling you to place market orders, pending orders, examine live market prices, and monitor all accounts and equity in real time. All accounts must be hosted on the same MetaTrader server. MultiTerminal does not support Expert Advisors and other Automated Trading programs.
Forex.com MetaTrader 4 & MetaTrader 5 AutoChartist
Forex.com Autochartist offers the first Market Scanner for MT4 & MT5 utilizing a non-trading Expert Advisor script in the globe. Examine markets for potential trading opportunities while seeing all symbols and time intervals on a single graph. The days of launching multiple graphs on which you forget which currency you’re viewing are over. Autochartist provides a straightforward user interface that may be tailored to your trading preferences.
Forex.com MetaTrader 5 (MT5)
MetaTrader 5, generally known as MT5, is a multi-asset trading platform that offers a wide range of trading capabilities and financial research tools. Additionally, MT5 permits the use of automated trading systems (trading robots) and copy trading. New features, such as additional timeframes and sophisticated charting tools, might provide you with a competitive edge in the financial markets.
MetaTrader 5 was introduced in 2010 as the successor to MetaTrader 4.
MetaTrader 4 was designed particularly for trading Forex and CFDs, whereas MetaTrader 5 supports trading of Forex, Futures, Stocks, Algorithmic Trading, ETFs, and Indices.
Currently, Forex.com does not offer the Metatrader 5 (MT5) trading platform in the United States.
Trade Forex.com MetaTrader 5 WebTrader
MetaTrader 5 accounts can be accessed from any web browser. It includes a vast array of tools, such as additional timeframes and the most recent technical indicators, to provide you with all the trading resources necessary to trade on and analyze the financial markets.
Forex.com MT5 Purchase and Sale
Forex.com’s MetaTrader 5 for iOS
Forex.com MetaTrader 5 is compatible with the iPhone, iPad, and newer IOS devices. MetaTrader 5 requires either a mobile or Wi-Fi internet connection. It is recommended that you constantly update the iOS MetaTrader 5 app. Newer versions offer more functionality and stability. The Forex.com MetaTrader 5 platform enables traders to view market statistics for financial instruments transacted in market execution mode.
MetaTrader 5 for Android Devices on Forex.com
MetaTrader 5 for Android is compatible with Android smartphones and tablets powered by Android 5.0 or later. Additionally, must connect to the trading server of Forex.com. Take the time to learn all of the MetaTrader 5 Android features. With Metatrader 5 for Android, you may trade a variety of financial assets from anywhere and at any time.
Features of the Forex.com Metatrader Mobile Application
MetaQuotes, the creators of Metatrader, listened to the opinions of their millions of customers and created the world’s most popular mobile trading platform. Features of MetaTrader include:
• Financial instrument quotations
• View comprehensive pricing graphs for financial products
• Control transactions and open positions
• View your transaction record
• View market news
• MetaTrader internal messaging
• View and research market statics of Forex.com financial instruments
• Opening and closing position
• Search for symbols in the quotations section
• Display of transactions as graphs
• Selection of time intervals for graphs and charts
• Additional graph vertical scaling
• Capability to transfer accounts via QR codes to other devices
• Information is only accessible if provided by Forex.com
• Access the OTP generator with FaceID or fingerprint authentication
Forex.com MetaTrader 5 Superior Trading Instruments
Forex.com’s MetaTrader 5 provides advanced traders with numerous trading tools. Having knowledge of these tools can provide a competitive advantage.
• Market bids and asks depth
• Price Data
• Calculation of Margin, Futures, and Forex
• Innovative Technical Analysis
• One-click business transactions
• Spreads
• Futures
• Financial Reports
Forex.com Trading advantages
• Permits scalping
• Permits hedging
• Offers STP
• Low min deposit
• Guaranteed loss limit
• Provides Negative Balance Safety
Forex.com Offers Trading Accounts
Below is a summary of the account types offered by Forex.com. Regardless of your trading objectives, Forex.com’s diverse account options can meet your requirements.
• Demo account
• Mini account
• Normal account
• Account ECN
• Account STP
• Islamic ledger
Can I evaluate Forex.com?
Forex.com provides a demo account so that you can practice prior to depositing funds. Open a demo account and get trading experience.
CFDs are complicated instruments that carry a high risk of fast financial loss owing to leverage. 80% of retail investor accounts who trade CFDs with this supplier lose money. Consider whether you comprehend how CFDs operate and whether you can afford the high risk of losing money.
Methods for Forex.com withdrawals and deposits
Please note that the following list of Forex.com payment options is dependent on the Forex.com Entity and the Country of Residence of the Client.
You may view all possible Forex.com payment options by logging into your Forex.com account and visiting the Forex.com website.
Forex.com accepts the following funding methods: You may utilize any of the deposit methods listed below if they are accessible in your region.
Forex.com Settlement Procedures
• Forex.com is compatible with Bank Transfer
• Forex.com honors Credit card payments
• Forex.com accepts Debit cards
• Forex.com is compatible with Electronic Wallets (eWallets)
• Forex.com accepts PayPal
• Forex.com accepts checks and/or money orders
• Forex.com accepts electronic checks
• Forex.com is compatible with Union Pay
Please note that the accessible payment methods for Forex.com and other brokers vary on the client’s country of residency.
How can I begin trading on Forex.com?
In order to start a trading account with Forex.com, you must register here. After receiving your login information through email, submitting your identification documents for account validation, and making a deposit, the next step is to download your preferred trading platform. Here you may find extensive information about Forex.com’s trading platforms. As part of Forex.com’s onboarding and standard KYC identity checks, you will be required to supply some basic identification papers. These routine checks enable Forex.com create a secure financial environment for its two hundred thousand members.
CFDs are complicated instruments that carry a high risk of fast financial loss owing to leverage. 80% of retail investor accounts who trade CFDs with this supplier lose money. Consider whether you comprehend how CFDs operate and whether you can afford the high risk of losing money.
Performing transactions using Forex.com
The minimum and maximum trade requirements on Forex.com vary based on the trader and the instrument. As Forex.com offers ECN and STP execution, you may anticipate extremely tight spreads and greater price transparency while executing trades.
As with the majority of brokers, margin requirements vary by instrument.
Forex.com provides a variety of risk management tools, including stop losses (including trailing stops), limit orders, negative balance protection, price alerts, and more. Here you may view every account feature given by Forex.com.
CFD Trading on the Forex.com Website
Let’s examine the fundamentals of employing Forex.com leverage.
Forex.com offers CFDs, which are leveraged products; in this case, ten times leverage is described.
You have a ten thousand dollar position, but you’ve only committed one thousand dollars, or one tenth of the account’s value. You are in a position where a tiny amount of money controls a much larger financial position. Herein lies your advantage.
Simply defined, leverage multiplies both gains and losses.
The leverage offered by Forex.com amplifies both earnings and losses.
Suppose you purchase or sell $10,000 worth of General Electric (GE) utilizing the Forex.com trading platform and contracts for difference (CFDs).
Suppose General Electric (GE) gains 10% due to positive results, increasing the value of your stock from $10,000 to $11,000.
It has increased in value by 10%, or $1000, which is a 100% increase on the funds initially invested to the leverage CFD transaction.
Our initial investment of ten thousand dollars for the deal has yielded a profit of one thousand dollars because the price has increased by ten percent.
The Forex.com leverage is bidirectional. If General Electric (GE) falls 10% on week results, your ten-thousand-dollar stock is now only worth nine-thousand dollars. It’s decreased by one thousand dollars.
CFDs on Forex.com are primarily employed for short- to medium-term transactions. For example, intraday CFD trading on Forex.com. A CFD trade can be more flexible than a traditional market deal in which the underlying asset is owned, notwithstanding the significant risk associated with CFDs’ independence from financial markets. CFD trading provides access to CFD fractional shares, CFD global markets, and CFD short selling. CFDs can also be used for hedging by skilled traders.
Always keep in mind that CFDs are intricate products with a significant danger of losing money quickly owing to leverage. CFDs are complicated instruments that carry a high risk of fast financial loss owing to leverage. 80% of retail investor accounts who trade CFDs with this supplier lose money. Consider whether you comprehend how CFDs operate and whether you can afford the high risk of losing money.
Negative Balance Protection Reduces Your Trading Risk with Forex.com
We should say something concerning Forex.com’s negative balance protection. When trading with leverage, a negative movement could cause you to lose more than your account balance at Forex.com. If your broker is regulated by the FCA, Negative Balance Protection should be implemented by default. Your Forex.com account balance could potentially decline. We advise you to utilize negative balance protection. Using negative balance protection guarantees that your losses will never exceed the account’s current balance.
Limit Trading Risk with Forex.com Stop Loss and Forex.com Stop Limit
A stop-loss order is an order made with a broker, such as Forex.com, to buy/sell a stock once it hits a specified price. The purpose of a stop-loss is to restrict a trader’s loss on a security position.
Unless the trade is hedged against another trade or the trader is not utilizing leverage, most traders must utilize stop losses to protect themselves against enormous danger. The circumstances vary based on the trade and markets.
Forex.com’s Learning Materials
To trade successfully with Forex.com, you must have a thorough understanding of the Forex.com trading tools and markets. Ensure that you fully utilize all educational resources. This includes Forex.com and external education resources.
Forex.com provides a variety of instructional tools. Take your time and study the movement of the financial markets. Spend some time learning how your trading platform operates. Learn how to execute buy/sell transactions, take advantage of worldwide trading times, and, most importantly, mitigate and manage investment risk.
An analytical approach may be advantageous while trading with Forex.com.
Train yourself to think more methodically and logically about the markets by exploring the Forex.com platforms. It is a new skill set for many, but the market expects you to have it.
Foundations of Forex Trading webinar series presented by Forex.com
In collaboration with Trade with Precision, Forex.com offers a series of webinars titled Foundations of Forex Trading. Here you can register for it.
Support for Customers at Forex.com
As part of our Forex.com review, we evaluate customer service options, response times, and the efficiency of Forex.com’s trading platform problem resolution. Forex.com supports a variety of languages, including English, Chinese, and Arabic.
Forex.com has a support and customer service rating of triple AAA because they offer a variety of languages, live chat, email, and phone help.
Forex.com’s customer care supports a variety of languages from across the globe. Having a broker who can employ people from different parts of the world who can interact with you in your native tongue is a great advantage when attempting to resolve issues.
In order to trade successfully on the Forex.com platform, you must have a positive experience with Forex.com’s customer care. Forex.com should ensure that all of your concerns are answered and all platform-related issues are resolved. When a Forex.com customer has questions about Forex.com, the Forex.com customer care team should take these concerns seriously and provide a prompt, efficient response. We have a high opinion of Forex.com’s customer service because of their excellent customer care staff.
Livechat Assistance on Forex.com
The Forex.com live chat functioned well in our testing. We submitted livechat messages to Forex.com via their website and mobile app and received a response within three minutes. It is imperative that you personally try the Forex.com chat service. A responsive chat service from Forex.com provides chat service users with excellent help. It is far superior to waiting days for an email.
We evaluated support interactions with Forex.com in numerous languages and countries. The assistance center at Forex.com was able to rapidly fix our customers’ difficulties.
Email Assistance at Forex.com
We wrote numerous emails to Forex.com, and response times were generally outstanding. The quickest response time from Forex.com was within 2 minutes, while the longest response time was 3 hours. Support response times may vary for you on Forex.com; nonetheless, this was our experience after sending 10 emails at various times.
Our questions were resolved and answered by the team. Forex.com offers excellent email assistance in general.
Phone Assistance at Forex.com
We called Forex.com, and our call was promptly answered. The call was responded to in less than one minute.
The Forex.com telephone support crew was able to satisfactorily address our inquiries and concerns over the phone. We evaluated the multilingual capabilities of the Forex.com staff by calling in various languages. Forex.com made an effort to ensure that all of our questions were addressed.
Forex.com offers excellent phone service in general.
What is required to open a Forex.com account?
As Forex.com is regulated by Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), and Cyprus Securities & Exchange Commission (CySEC), traders can trade with When you open an account, you will likely be required to provide the following information:
• Be mindful that the expiration date of Proof of address documents for various Forex.com Brand entities may vary.
• A scanned color copy of your passport, driver’s license, or national identification card
• A utility bill or bank statement showing your address from the preceding three months
In addition, you’ll need to answer a few simple compliance questions to verify your trading experience, so you should set aside at least 5 minutes to finish the account opening procedure.
While you may be able to explore Forex.com’s website immediately, you will not be allowed to trade until you pass compliance, which can take several days depending on your condition.
CFDs are leveraged instruments that can result in substantial losses in excess of the capital deposited. All trading entails risk. Only risk capital that you are willing to lose. Past performance does not guarantee future results.
This article is for educational purposes only and is not intended as investment advice. All facts gathered from forex.com on September 1, 2022.
Observe this Forex.com Explanation Video
Is Forex.com An Effective Broker?
We spent more than three months investigating Forex.com in depth. Although we discovered several extremely beneficial features of the Forex.com platform that might be valuable to some traders, we believe that you would be better served by a Forex.com alternative.
• Forex.com has a solid reputation for providing Forex, Indices, Commodities, Equities, and Cryptocurrencies.
• Forex.com has been around for more than 23 years.
• Forex.com has a sizeable customer service staff of at least 10.
• Forex.com is regulated by the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Cayman Islands Monetary Authority (CIMA), the Investment Industry Regulatory Organization of Canada (IIROC), the National Futures Association (NFA), the Commodities Futures Trading Commission (CFTC), the Monetary Authority of Singapore (MAS), the Financial Services Agency (FSA), and the Securities and Futures Commission (SFC) (CySEC). This indicates that Forex.com is governed by a jurisdiction that can hold a broker accountable for its misdeeds, or at the very least, arbitrate larger disagreements.
• Forex.com is governed by respected regulators.
• Forex.com is able to handle deposits and withdrawals within two to three days. This is crucial during the withdrawal of cash.
• Forex.com has a global presence in numerous nations. This includes Forex.com seminars and training held locally.
• Forex.com is able to hire individuals from all over the world who can converse in your native tongue.
Forex.com is the largest MetaTrader service provider in terms of server count. Forex.com has had more servers than any other global broker for several years. In April of 2019, Forex.com examined this claim.
Forex.com Disclosure of Risk
CFDs are complicated instruments that carry a high risk of fast financial loss owing to leverage. 80% of retail investor accounts who trade CFDs with this supplier lose money. Consider whether you comprehend how CFDs operate and whether you can afford the high risk of losing money.
Disclosure of Market Risk
Trading financial assets, such as cryptocurrencies and foreign currency markets, carries a significant degree of risk. Regarding leverage and margin-based trading, there is a substantial danger of loss. Some off-exchange financial instruments and derivatives may feature variable leverage, minimal regulatory protection, and substantial market volatility. Never assume that any investment products, strategies, indications, or other materials given will result in profits. You should be informed that investing can lead to monetary loss.
Forex.com not quite right?
If, after reading this Forex.com review, you determine that Forex.com does not meet your requirements, consider these Forex.com alternatives.
Frequently Asked Questions about FOREX.COM
Read our revamped Forex.com Frequently Asked Questions section for 2022.
Can I evaluate Forex.com?
Before making a deposit, you can test the Forex.com platform through virtual trading with a demo account. Risk-free virtual trading with Forex.com. LEARN MORE HERE
What kind of deposits does Forex.com accept?
Please note that the following list of payment methods is dependent on the Forex.com Entity and the Country of Residence of the Client.
In addition to other payment methods, Forex.com accepts Bank Transfer, Credit cards, Debit cards, Electronic wallets (eWallets), PayPal, Cheques or Checks, eChecks, and Union Pay.
LEARN MORE HERE
CFDs are complicated instruments that carry a high risk of fast financial loss owing to leverage. 80% of retail investor accounts who trade CFDs with this supplier lose money. Consider whether you comprehend how CFDs operate and whether you can afford the high risk of losing money.
Is Forex.com a secure website?
Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), and The Securities and Futures Co. (SFC) regulate and monitor the conduct of Forex.com (CySEC). Traders’ deposits to their Forex.com accounts are stored in a separate bank account. For extra protection, Forex.com utilizes Tier 1 banks. Tier 1 is the official indicator of a bank’s financial stability.
CFDs are complicated instruments that carry a high risk of fast financial loss owing to leverage. 80% of retail investor accounts who trade CFDs with this supplier lose money. Consider whether you comprehend how CFDs operate and whether you can afford the high risk of losing money.
Is Forex.com trading beneficial?
Forex.com is regarded as a reliable and trustworthy trading platform. Over two hundred thousand traders and Forex.com users utilize Forex.com. Forex.com provides trading in Forex, Indices, Commodities, Equities, and Cryptocurrencies. The minimum deposit amount at Forex.com is $100.
Is Forex.com legitimate?
In 1999, Forex.com was created in the United States. Since 1995, Forex.com has facilitated transaction on the financial markets. Forex.com provides its customers with the ability to trade Forex, Indices, Commodities, Equities, and Cryptocurrencies. For security purposes, Forex.com holds all funds in separate bank accounts. Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), and Cyprus Securities & Exchange Commission (CySEC) regulate Forex.com.
Is Forex.com an excellent broker?
Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), and Cyprus Securities and Exchange Commission (CySEC) supervise Forex.com. Forex.com provides the ability to trade Forex, Indices, Commodities, Equities, and Cryptocurrencies.
Is Forex.com a reliable broker?
Forex.com can be regarded as reliable. All funds deposited with Forex.com are placed in a separate bank account. This means that Forex.com does not hold your funds directly. The broker does not have direct access to your cash and hence cannot misappropriate them. In addition, Forex.com is governed by Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), and Cyprus Securities & Exchange Commission (CySEC).
What is Forex.com’s minimum deposit requirement?
Forex.com’s minimum deposit requirement is $100.
How long do withdrawals from Forex.com take?
The processing period for Forex.com withdrawals varies by method, but ranges between 2 and 5 days.
Is Forex.com governed?
Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), Cyprus Securities & Exchange Commission regulate Forex.com (CySEC). Regular assessments and audits are conducted by regulatory agencies as part of Forex.com’s regulatory compliance. You may discover more about these reviews on the websites of the relevant regulators.
Are you a market maker, Forex.com?
Forex.com makes markets. Forex.com will purchase stocks, money, and other commodities and instruments even if there is no buyer lined up.
How can I begin trading on Forex.com?
In order to start a trading account with Forex.com, you must register here. After receiving your login information through email, submitting your identification documents for account validation, and making a deposit, the next step is to download your preferred trading platform.
Are my funds secure with Forex.com?
Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), Cyprus Securities & Exchange Commission regulate Forex.com (CySEC). The regulatory body and regulatory status of a broker, such as Forex.com, is one of the most important factors for traders to consider when choosing a broker. Brokers who operate without regulation do so at their own discretion and endanger the safety of their clients’ funds.
Due to the regulations enforced, it is improbable that regulated brokers will manipulate market pricing. When you request a withdrawal from Forex.com, your request will be honored. If they violate any regulatory requirements, their status as a regulated entity may be revoked.
Is Forex.com deceptive?
Forex.com is well-established and regulated, having been in operation for over 23 years. Forex.com is legitimate.
Can you generate income using Forex.com?
Despite the fact that Forex.com has facilitated a great deal of success for traders, there are still a number of drawback Forex.com’s trading in the financial markets is not a get-rich-quick program. If you educate yourself, use a demo account for practice, and carefully plan your trades, your likelihood of success will increase significantly. Never invest funds that you cannot afford to lose. CFDs are complicated instruments that carry a high risk of fast financial loss owing to leverage. 80% of retail investor accounts who trade CFDs with this supplier lose money. Consider whether you comprehend how CFDs operate and whether you can afford the high risk of losing money.
Forex.com charges fees?
Forex.com imposes no withdrawal fees. Forex.com does charge inactive accounts a fee. Forex.com doesn’t impose deposit fees. Forex.com in the United States does charge wire transfer fees unless the transfer amount exceeds $10,000; additional bank / third-party merchant fees may also apply.
When did Forex.com begin?
In 1999, Forex.com was founded.
How many individuals utilize Forex.com?
There are more than 200,000 registered Forex.com users.
What nation is Forex.com headquartered in?
Forex.com’s headquarters are located in the United States.
Does Forex.com give insurance against negative balances?
Forex.com provides protection against negative balances. Traders cannot lose more than they have deposited when negative balance protection is in place.
Does Forex.com offer stop loss guarantees?
Forex.com provides stop loss protection with a guarantee. Risk is handled with assured stop loss protection. Traders are obligated to close your trade at the price you specify. Only during market hours and under normal market conditions are Stop Loss orders guaranteed.
Allows Forex.com scalping?
Forex.com facilitates scalping.
Allows Forex.com hedging?
Forex.com provides hedges.
Does Forex.com offer trading in CFDs?
Forex.com offers trading in CFDs.
Forex.com provides STP?
Forex.com offers Straight Through Processing (STP) trading.
How many individuals utilize Forex.com?
There are over 2,000,000 Forex.com users and traders.
Does Forex.com offer ECN trading?
Forex.com offers trading via ECN.
Does Forex.com provide a practice account?
Forex.com provides a practice account.
Does Forex.com provide a Muslim account?
Forex.com provides a Muslim account.
What are Forex.com’s funding methods?
Please note that the available funding methods and options for Forex.com clients can be found in the Forex.com Members section and depend on their country of residency. Please review your specific payment options on the Forex.com website. Forex.com accepts the following deposit options: Bank Transfer, Credit cards, Debit cards, Electronic wallets (eWallets), PayPal, Cheques or Checks, eChecks, and Union Pay.
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