Top Options
72/ 100
Regulated: Regulated by the CFTC and NFA
Min Deposit: $2,500
US Clients:
Bonus: Receive a Free Trading eBook and $50k Demo Account!
Leverage: 50:1
Free Demo Account:
Trading Platform: Web based (MT4), Mobile and Tablet
Payment METHOD NAME Charge Time

Full Review

About Forex.com

FOREX.com is the forex brokerage brand of Gain Capital LLC. This company provides currency and commodity trading opportunities to traders from selected countries. The company commenced operations in 1999, and is located in the United States. Being a US forex broker, it is subject to regulatory oversight by the Commodities and Futures Trading Commission. The company also has branches in the U.K Japan, Australia and Canada.

Forex.com

Sign up to FOREX.com and Trade on over 300 Forex Pairs! (Including CFDs)

Trading Platforms

The trading platform offered by FOREX.com are:

a)    MetaTrader 4 –Those who love the MT4 and all that the platform has to offer will love Forex.com’s MT4 platform. The MT4 platform on Forex.com has a robust news tab that delivers expert analysis on the currency trades for the hour. Traders can also use their expert advisors on the platform.

b)    MT4 for Mobile: Allows users of the iPhone, iPad, Android and Windows smartphones to trade with the MT4 on these devices.

c)     FOREXTrader PRO – This platform has three versions. There is a web-based version, a downloadable version and a version for mobile devices. With this platform, traders can perform advanced charting analysis

d)    GTX– Forex ECN: This platform is used by ECN traders for direct market access trading.

Account Types

Traders on Forex.com can operate two types of accounts:

a)    The practice account is basically a demo account that allows traders to carry out simulated trading with virtual money.

b)    A mini account which allows traders to deposit a minimum of $500.

c)     The standard account is the live account type available for those depositing at least $3,500.

d)    An ECN account which requires deposits of up to $50,000.

Special Features

Probably the best feature that Forex.com has is its unrivalled technical analysis suite. Traders who use the MT4 platform can get access to the news tab. The news tab is like none other. There is a team of technical analysts that actually call trades as they occur. Yours truly has been in a situation where a news release was made and the markets were unable to decide where they wanted to go. But the technical analysis provided through the news bar made all the difference via a call using the Ichimoku Kinko Hyo, which ultimately decided the outcome of the trade in favour of those who followed the trade call.

Deposits and Withdrawals

The following methods are available to traders to make Deposits on FOREX.com:

a)    WireTransfer: The wire transfer time for Forex.com is about 4 working days, which is faster than for most brokers.

b)    Credit/DebitCard: It takes 24 hours to process a withdrawal request with credit cards, although deposits are usually instant.

c)     eCheck: This is only for those who own and operate a U.S. checking account. eChecks are paid directly into the trader’s account.

Withdrawals can be made via Wire Transfer, credit cards or by checks.

The minimum deposit required to commence forex trading on Forex.com is $500. There are no limit impositions on maximum deposit amount, as well as minimum or maximum withdrawal amounts. There are also no limits on the number of withdrawals that a trader can make in a month. Deposits and withdrawals do not attract any fees.

Being a US forex broker, Forex.com is required to maintain a leverage of 1:50 for all its traders. The UK office submits to FSA regulations of account segregation and very stringent certification of the identity of traders using its platforms.

Customer Support

Traders and those wishing to make inquiries can reach the customer support desk on Forex.com using the following channels:

a)        Email Support: [email protected] (new accounts); [email protected] (trades or account-related questions); [email protected] (for technical support)

b)        Phone: 1.877 367 3946)