Forex.com review and test – how good is the forex broker?
Table of Contents
| REVIEW: | REGULATION: | ASSET: | MIN. DEPOSIT: | MIN. SPREAD: |
|---|---|---|---|---|
 (5 / 5) | 6 Regulators | 4 classes and 300+ Markets | $50 | Variable 0.8 pips |
A broker that values the trust of its clients is a reliable Forex Broker. Forex.com claims to be a global broker that values the transparency and trust of its traders. How will we determine or know if the broker is reliable? We might also ask ourselves, is this broker worth the shot? In this review, we will discuss the Forex.com broker. Together, we will find out if this broker is worth the shot of our trust.
What is Forex.com? – Company presented
Forex.com is founded in 2001 and offers its clients over 300 markets that include FX, indices, shares, and cryptocurrencies. It is a global broker that offers the lowest trading cost and is one of the world’s largest MetaTrader brokers. The company is regulated in many countries. Forex.com offers its clients trading platforms that are robust for both new and professional traders. The parent company of Forex.com is GAIN Capital Holdings, which trades on the NYSE under the ticker GCAP. This broker provides an average spread for all types of accounts.
Facts about Forex.com:
- Founded in 2001
- Markets over 300 including FX, indices, shares, and cryptocurrencies
- World’s largest MetaTrader broker
- Global Forex Broker
- Part of the stock exchange listed company GAIN Capital
The best brokers for traders in our comparisons – get professional trading conditions with a regulated broker:
| Broker: | Review: | Advantages: | Free account: | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. Capital.com |  (5 / 5)➔ Read the review | # Spreads from 0.0 pips # No commissions # Best platform for beginners # No hidden fees # More than 3,000+ markets | Live account from $ 20: (Risk warning: 76% of retail CFD accounts lose money) Review of trading conditions for tradersForex.com claims to deliver an exceptional trading experience to its traders with superior execution and low consistent costs. Trust and loyalty is very important to this broker and value each one of its clients. The company also offers a transparent trading experience. It is a global market that leads and connects traders to the currency markets since it began in 2001. Forex.com has over 300 markets, which include Forex, indices, shares, and cryptocurrencies. The most traded assets and spreads:
Also, for security, this broker offers protection of its client’s funds. The funds/money of the customer is held in segregated client bank accounts in accordance with FCA’s clients’ money rules. It is held with top-tier banks and offers trust letters to ensure that the money/funds of its clients remain segregated from the assets of the bank. Forex.com never engages in proprietary trading. This broker offers fast trades and consistent execution.  New customers can start with a free demo account. For trading with real money you only have to deposit $50. Also, we have to mention that leveraged products are offered and the lever is depending on the market/asset you trade. For getting more accurate information about each market you can find it on the Forex.com homepage. Facts about the conditions for traders:
Trade from 0.0 pips over 3,000 markets without commissions and professional platforms: (Risk warning: 76% of retail CFD accounts lose money) Test of the Forex.com trading platformsThe platform is one of the important factors traders look into selecting a Forex Broker. Forex.com has developed its own MetaTrader 4 and WebTrader Platform to better serve its clients. MT4 is the most popular platform used by traders both beginners and professionals. It has integrated tools and dedicated support that is available and exclusive for Forex.com traders. Also, it has MetaTrader 4 Expert Advisors (EA) that tailors to the specification of the trader, providing traders a high degree of oversight, flexibility, and control. Forex.com offers the following platforms:
Forex.com advanced trading platformDerived from the name itself Forex.com MetaTrader 4 ‘Advanced’ Trading Platform, this platform is designed for serious traders who demand sophistication in trading features and analytical tools joined in one package. This Platform features highly customizable dashboards and trade preferences. It has powerful charting tools, more than 80 technical indicators, and extensive drawing tools. Its advanced analytical tools include integrated trading strategies with 100s predefined templates to choose from.  Advantages of the Advanced Trading Platform:
Forex.com web-trading platformForex.com Web Trading Platform is an optimized platform that delivers high performance, reliability, and speed across all browsers. It has integrated trading tools, market commentary, and analysis. It also highlights its features of seamless account management, funding, and withdrawals. This platform has advanced charting features, more than 70 technical indicators, and more than 50 drawing tools. Plus, it is customizable.  Mobile Trading (App) is possible with Forex.comThe power to be able to trade anytime and wherever the trader wants is being offered by Forex.com. The MetaTrader 4 Mobile Trading Platform or Forex.com App gives the ability to its clients to trade in the palm of their hands whenever connected to the internet. This platform has full trading capabilities with multiple order types. It has advanced TradingView charting that can quickly place trades and is able to let traders see open positions plotted on live charts. It has advanced analysis tools, features real-time trade and order alerts, with integrated fund management. It has easy access reports in order for you to track and monitor your account without a struggle. Also, it is customizable. The mobile app is available to download on GooglePlay for Android and in AppStore for iOS.  All platforms have the features:
Trade from 0.0 pips over 3,000 markets without commissions and professional platforms: (Risk warning: 76% of retail CFD accounts lose money) Professional Charting and Analysis is possibleCharting and Technical Analysis are both important in getting successful trades. Charting enables you to easily understand the movements of the market and as well as a graphical representation to keep you on track with historical prices. The most common chart types are bar charts and candlestick charts. Although these charts look different, they provide similar information. Candlestick charts show the different colors of candles. The typical red ones are the bearish candles. This means that the opening price was greater than the closing price for a specific time range/interval. On the other side, the typical green ones are bullish candles, which means the opening price was lower than the closing price for a specific time range/interval. Candlesticks example:  Forex.com offers the right tools for any technical analysis strategy. You can use more than 70 different indicators that are fully customizable. Also, technical drawing tools are offered for any type of analysis. As mentioned before, Forex.com supports the charts of Tradingview.com and MetaTrader 4. These are the most popular platforms for doing analysis. Advantages of charting with Forex.com:
Charting together with the right application of Technical Analysis, you will be able to have better trades. Technical analysis includes mapping of the trend and price patterns through technical indicators. Forex.com has advanced technical indicators in its MetaTrader 4 platform, giving its clients an edge in trading.  Trade from 0.0 pips over 3,000 markets without commissions and professional platforms: (Risk warning: 76% of retail CFD accounts lose money) Forex.com trading tutorial: How to tradeAs a trader, you need to decide which market you want to analyze and trade on. For better trading results, one must know the movement of the markets. Whether it is going upwards, or downwards. With this said, once you know the movement of the market, it would be easier for you to decide whether to buy or sell. For instance, if you think that the market value will fall, then go and choose to sell. However, if you think that the price will increase in value, choose to buy.  The first move when executing a trade is that you need to choose an asset you would like to analyze. Then analyze the asset and decide a forecast of the price movement. Afterward, open the order mask. The next step is to customize your position. Once you have already done this, go ahead and select the order volume. Lastly, you can decide whether you buy or sell the asset you want. Step by step tutorial:
Free Forex.com demo accountForex.com offers a Free Demo Account. This account is 100% risk-free. It is for 30 days and has virtual funds. We highly recommend for you to get a demo account first and practice your trading skills, in order to avoid unintentional trades. Trading requires a high risk of your funds/money. Also, be aware that Forex Trading and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. This provider has 69% of retail investor accounts that lost money in trading CFDs. You should consider whether you understand how CFDs work. Also, bear in mind the thought of whether you can afford to take the high risk of losing your money. How to open your accountYou can open an account with Forex.com so easily and in as little as 5 minutes. First, you just have to fill in information about yourself. Fill up the form with your information and your trading experience. Then, you can go and fund your account right away. You can make a deposit via debit card, wire transfer, and eCheck or check. After funding your account, you can already start trading. Once the account has been approved, you can trade in the platform you want to use: desktop, web, and mobile.  The best brokers for traders in our comparisons – get professional trading conditions with a regulated broker:
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