Forex.com Review

Regulated by: CFTC, NFA, CIMA, FCA

Headquarters: USA

Spread: 1.0 pips (EURUSD)

Leverage: 50:1

Minimum Deposit: $0

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Forex.com is owned by a renowned company in the industry; GAIN Capital Holdings which has been in this business for over 20 years. Because CFTC and NFA regulate and govern Forex.com, US clients are welcome to open a trading account and start investing online.

Forex.com is owned by Gain Capital Holdings

In addition to CFTC and NFA, Forex.com is regulated and registered by IMA in Cayman Islands and FCA in the UK. So it is safe to claim that Forex.com is certainly a credible forex broker. One of the advantages of FCA regulation for the clients is the Financial Services Compensation Scheme (FSCS) that insures up to $85,000 in client funds. This insurance funds the clients’ money in case the broker goes bankrupt.

Account Types

Forex.com provides two different types of account; Standard Account and ECN Account. Spreads on the Standard Account goes as low as 1.0 pips for EURUSD which is very competitive with respect to the industry standards. The minimum initial deposit required for the Standard Account is zero, meaning you can open and verify the account without sending any money. ECN account comes with much lower spreads and is only provided on the Broker’s exclusive trading platform called Advanced Trading Platform.

Customer Support

Forex.com supports customers in four different languages; English, Spanish, Italian and Arabic. Live Chat is very informative and prompt to answer your questions. There is 24 hour customer support. Additionally, through their website the Broker provides comprehensive market analysis and educational material.

Trading Platforms

In addition to conventional MetaTrader 4, Forex.com offers its own exclusive trading platform named Advanced Trading Platform. Thus, the customers are given the opportunity to choose between these two trading platforms. Advanced Trading Platform comes with a highly customizable dashboard and trade preferences, useful charting tools, more than 80 technical indicators, sophisticated drawing tools and integrated trading strategies with hundreds of predefined templates.

Withdrawal and Deposit Methods

The clients who opened an account with Forex.com can deposit and withdraw funds from their account by credit card, bank card and wire transfer. Neteller, PayPal, Skrill and other digital wallets are not currently available.

Trading Instruments

Forex.com offers access to a wide range of markets including currency pairs, commodities, company shares, world indices and cryptocurrencies. You can trade over 300 products through their trading platforms. Leverage varies depending on the type of product;

  • 50:1 for Forex Pairs
  • 200:1 for World Indices
  • 20:1 for Company Shares
  • 33:1 for Commodities
  • 4:1 for Cryptocurrencies

There aren’t many forex brokers out there that allow traders to invest with leverage in the cryptocurrency market and Forex.com is one of a few.

Conclusion

Forex.com is a regulated and trusted forex broker. The Broker is a subsidiary of a big investment institution which established a favorable reputation in the industry over the last 20 years. One of the important features of Forex.com is that the Broker is registered and regulated by the US watchdogs, CFTC and NFA. Regulation in the US makes Forex.com way more reliable and accountable broker compared to its peers located in the offshore countries.

In addition to the regulation in the US, highlights of this reputable forex broker are maximum value, reliability, superior execution of trade, sophisticated trading tools, extensive market analysis and educational resources, professional and qualified customer support, over a decade of industry experience and financial strength.

Forex.com – Step by Step Live Account Opening Guide

Our step-by-step tutorial on opening your Forex.com live account. The whole registration and verification process should not take more than few minutes in case you already prepared your KYC documents.

Step 1 – Select Your Preferred Account Type

The first step for opening a live account at Forex.com is to click on OPEN AN ACCOUNT button at the homepage as highlighted below.

The next step comes with a screeen where you will be prompted to choose your account type. Here you have three options; Standard Account, Commission Account and Direct Market Access Account. Once you have selected the account type that best suits your trading style, you will be directed to the next step where you will be asked for your personal information.

Step 2 – Submit Your Personal Information

After you selected the account type, you will be forwarded to second step of the registration. At this step, Forex.com requires you to submit your personal information along with some other information such as trading experience.

The first form requires you to enter your basic personal information. This is  followed by your employment details and general financial information. Then, you have to submit your trading experience and anticipated deposit amount before you can finalize the registration.

Forex.com offers a registration process which is way more straightforward  and convenient compared to many other forex brokers. You will not need more than 10 minutes in order to complete this step.

Step 3 – Upload the Required Documents and Verify Your Live Account

Once you completed and submitted your personal information, the next step will be account verification. In order to be able to verify your account and start trading, you will need to verify that you are the genuine owner of the account.

Forex.com, like many other forex brokers, requires you to submit two sets of documents for verification. One is for Proof of Identity and second is for Proof of Address. If you already have those documents on your computer, all you need to do is to drag & drop or upload them.

Once those documents have been properly uploaded for verification, the compliance team should be on the top of it. The verification process is usually completed within few hours, nevertheless it may take up to 24-hours in occassional cases.

Please make sure that you have uploaded the documents in accurate format and with required features in order to pass the compliance without any delays.

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Broker Detail
Adress: 135 US Hwy 202/206, Bedminster, NJ 07921, USA
Phone: 1 908 315 0653
Web:

http://www.forex.com

E-Mail: [email protected]
Regulator: CFTC, NFA, CIMA, FCA
Year Founded: 1999
Instruments
Forex:
Precious Metals:
Energy:
Soft Commodities:
Indices:
CFDs:
Stocks:
ETFs:
Bonds:
Options:
Cryptocurrencies: Bitcoin, Ripple, Ethereum, Litecoin
Account Options
ECN Account:
Swap-Free Account:
Nano Account:
MAM / PAMM Account:
Demo Account:
Funding Methods: Credit Card, Bank Card, Wire Transfer
Withdrawal Methods: Credit Card, Bank Card, Wire Transfer
Customer Services
Live Chat:
24 Hours Support:
Languages: English, Spanish, Italian, Arabic
Platforms
Supported Platforms: MetaTrader 4, Advanced Trading Platform
Webtrader:
Mobile: IOS, Android
Trading
Leverage: 50:1
Spreads: As low as 1.0 pips for EURUSD on Standard Account
Minimum Deposit: $0
Fixed Spreads:
Automated Trading:
Hedging:
API Trading:
Negative Balance Protection:
Accepts Clients from the US:
Bonus:


Risk Warning:

Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

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