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Forex.com Review

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Basic Info

Company Name: GAIN Capital UK Ltd
Founded: 2001
Phone: 0800 056 7928
Regulators: FCA, NFA, CFTC, IIRO, FSA, CIMA
Funding Methods: Credit Card, Debit Card, Bank Wire Transfer
Support Options: Email, Live Chat, Phone
Platforms: ForexTrader, MT4
Minimum Deposit: $50

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Funding Methods

Deposit Options: bank wire transfer, credit card, Debit card
Withdrawal Options: bank wire transfer, Credit card, Debit Card

Hits and Misses

  • Global Market Leader
  • Competitive Pricing
  • Own Platform
  • No U.S. customers

Forex.com

Forex.com – Innovative And Industry Leading

Forex.com is owned and managed by GAIN Capital UK Limited, and was founded in 1999. It has a clear mission to provide traders with superior services and low-cost access to Forex markets, keeping down costs with competitive spreads. The broker offers currency pairs, more than 200 CFDs across major asset classes and cryptocurrency CFDs.

It has invested heavily in technology, with multiple high-tech platforms and creative trading tools, meaning Forex.com can cater to all levels of trader experience. From its inception, the company has achieved a remarkable growth record and has won numerous industry awards, including the best research and analysis by FX Street in both 2014 and 2015

Transparent Trader With Professional Services

Since its inception, Forex.com has worked hard to provide professional services in a safe and creative trading environment. The company has an experienced team of managers, analysts, market experts and administrators who are continuously trained to assist in achieving the company’s strategic objectives. The website is extremely user-friendly, well tabbed, and there are clear descriptions of all the various services and products on offer.

Forex.com strive to meet the changing needs of clients and provide a full range of powerful tools that make trading easy for all levels. Traders are kept abreast of the latest developments in the financial markets and provided with robust technical analysis and trading signals on a daily basis. Another important feature of this broker is its continuous investment in research and studies, areas in which they have received more than one global award.

Traders can trade CFD’s in 10 global indices, commodities, equities, rates and bonds. There are also options in spot Forex and binaries across more than 3200 markets. There are several professional platforms, where transactions are executed quickly, easily and with minimal technical errors. One of the most important features is the trade executions, with 99.1% of trades executed in under one second.

Powerful Trading Platforms

To provide the best services, Forex.com employs several different platforms to meet the demanding needs of active traders looking for maximum flexibility, performance and speed. All these platforms offer a wide selection of professional tools, advanced charting, automated tools and integrated trading strategies. They are also available for desktop, web or mobile trading.

The MetaTrader4 Platform

With MT4, an industry favourite, traders receive quality trade executions with tight spreads and personalised customer service. Traders can select from numerous CFD and Forex markets and take advantage of the integrated features. These include live news, extensive analysts reviews and technical research, as well as Autochartist pattern recognition.

FOREXTraderPRO.com Platform

FOREXTrader PRO is a proprietary platform and one of the leading platforms offered by the broker. It can be fully customised and is available via download, web and a full set of mobile solutions. FOREXTrader PRO provides a whole range of benefits including advanced charting facilities, strategy centre, expert analysis and a Strategy Wizard.

The Dealbook Platform

The DealBook platform is a relatively new addition and is designed for spot Forex trading, financial spreads and contracts for differences. The advanced charting lets traders monitor their position, forecast markets and evaluate trends all in one place. The software also provides a bundle of easy-to-read charts, free indicators and customisation options.

More Than 200 Financial Instruments

Forex.com offers trades on more than 200 financial instruments from 5 different asset groups. There are over 80 major and minor currency pairs available, with competitive spreads starting at one pip, and a leverage up to 400:1. Traders can also find stocks, commodities and indices, all with competitive spreads. The broker also lists popular cryptocurrencies, including Bitcoin, Ripple, Litecoin and Ethereum, although these cannot be traded on the MT4 platform.

Withdrawal And Deposit Options

Forex.com offers its clients two main alternatives, real accounts, and demo accounts for those wanting to try out the services. For more experienced traders, there is also a premium account, which requires a minimum deposit of $50,000. These accounts come with extra advantages including free trade signals and expert professional guidance.

Through Forex.com, traders can make deposits and withdrawals using major credit cards, debit cards or wire transfer. Traders can use multiple cards to fund their account. However, any withdrawals must be processed to the original funding method. The minimum deposit using a credit or debit card is $50 and takes under 24 hours to process, while there is no minimum deposit using bank wire, but the process can take up to two working days.

To provide client security and protection, this broker does not accept third party payment and requires clients to withdraw funds in the same way they deposited. There are no fees for either deposits or withdrawals made by the broker, but there may be fees attached by the relevant bank.

Professional Customer Support Services

The broker places a firm focus on customer service and provides customer support available 24/7 five days a week. They can also be contacted by several other methods including email for less urgent enquiries, telephone and direct chat. There is an extensive FAQ available on the site, along with helpful information and a download centre.

Forex.com’s website is packed full of educational tools, online resources and trading courses for beginner, intermediate and advanced traders. There are tutorials and helpful articles on every popular topic from understanding forex quotes or technical analysis, through to how to develop an effective trading plan.

It also provides traders with a wealth of powerful technical and fundamental analysis information to help them make the best trading decisions. There are tools to help both novice and advanced traders to develop their strategies and manage risk. For experienced traders, there are also automated trading services provided through the “API trading” tool, which enables the conversion of strategies into trading algorithms that work automatically.

Mobile Trading – Seize The Markets

MetaTrader 4 provides fully optimised mobile trading services through its platform. It is available for all mobile devices on Android and iOS, and traders only need to download an app from Google Play or the App store.

The broker also provides mobile trading on its Forex.com mobile platform, which is also available for iOS and Android. The app is free, easy to use and can be downloaded from the Forex.com website, enabling traders to manage their account and trade on the go. It provides full-featured trading, risk management and charting, analysis tools, real-time trade and order alerts and integrated fund management.

Trusted And Highly Regulated

GAIN Capital UK Ltd is a registered UK company, based in London; therefore, it is licensed by the FCA. Transparency is a primary focus for the broker, so it has also obtained a number of licenses to ensure that business is conducted in a legally organised environment. The company is subject to strict supervision by a number of international financial institutions including:

  • Financial Conduct Authority (FCA) – UK 113942
  • Investment Industry Regulatory Organization (IIROC) – Canada
  • Australian Services and Investments Commission (ASIC)
  • Commodity Futures Trading Commission (CFTC)
  • Member of the National Futures Association (NFA) – USA

Other VIP Services

Forex.com provides traders with other premium services that distinguish it from its competitors. One of these is the 4-tier FX rebate programme, where higher volume clients receive monthly cash rebates on their Forex trades to lower the cost of trading. These rebates start from $10 per million and can go as high as $40 per million.

Clients can also benefit from a real-time trade signals deal with in-house experienced market professionals. The trading signals include the target entry price, stop level, and the rationale for every trade delivered. It is a paid service available to all clients, but newly registered traders can receive a complimentary 45-day free trial.

Another useful service that Forex.com provide is the “Market Strategist” option. Here, highly trained market analysts and strategists work with traders to assist in developing a personalised and tailored trading plan.

Reliability And Safety Assured

Forex.com is transparent in its dealings and committed to strict safety standards, allowing its traders to operate in a highly secure environment. Client money is held in segregated bank accounts per the FCA’s regulations. Their money is placed with top-tier banks, and the broker has trust letters to ensure that client money remains segregated from the bank’s assets.

It also enforces robust bank review and monitoring guidelines, which are set by the Risk Committee of GAIN Capital. Also, clients of the broker may be eligible for the Financial Services Compensation Scheme, which offers cover up to $50,000 in the event of insolvency or ceased trading.

As a global market leader, Forex.com continues to challenge itself and provide traders with new and innovative services to help them succeed. It has developed a proven record of solid financial stability and is well respected within the industry. The broker claims that it will earn trust and loyalty from its clients by consistently delivering a superior trading experience with premium execution and consistently low costs.

If “quality execution on every trade” and “transparent, competitive pricing” sound attractive as a trader, then why not visit the Forex.com website, open a demo account, and try out their products and services for yourself.

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