Finding the perfect Forex broker is no joke. You must devote a significant amount of time and effort when choosing a broker if you want to maximize your profit and security.
The number of Forex brokers in the market is increasing with each day because of the boom in online trading.
You must have come across Forex.com during your research. It is regarded as one of the most popular online brokers in the U.S online retail trading sector right now.
Forex.com has won the hearts of many traders because of its integrity and efficiency. However, word of mouth is not enough when you are planning to trust someone with your hard-earned funds. Read on for a more detailed review.
Forex.com reviews:
Forex.com is not new in the Forex trading scene. In fact, it has been around since 1999. An offshoot of GAIN Capital Holdings, it has made a name for itself as a Forex broker today. GAIN Capital have their hold on multiple countries and are present in all the major regulatory hubs. It is based at 16 Finsbury Circus, London, EC2M 7EB and registered under the number, 1761813.
Forex.com has been allowed by the FCA to offer its financial services to the people of the United States. The GAIN Capital group has over 200,000 retail and institutional clients and they try to satify them as much as they can. They offer 84 currency pairs in foreign exchange and 97 CFDs.
They are trying to become more than just a broker, and have hence designed their site in such a manner that users can also access economic news, automated trading tools and technical analysis.
Forex. com recently outdid themselves by introducing Bitcoin trading and that has quickly become one of its major selling points. This cryptocurrency has gained major popularity among millions across the world, and trading in it is not an easy task.
The broker has designed a number of sleek platforms, which offers important services. While the Bitcoin trading cannot be accessed on the MT4 platform, all the other platforms are powerful and capable of making up for this lack.
What goes in favour of this brokerage is the immense amount of experience and expertise it has gathered over the years. It has become a “Global Market Leader” in the true sense of the term. Moreover, their transparent but competitive pricing has always been an attraction for traders. When it comes to executing trades for their clients, they hardly make mistakes. Being an effective broker in over 140 countries across the globe takes hard work, and the broker has proved time and again that they are capable of it.
As a Forex trader, your first priority would be to ensure that the trading conditions on the major currency pairs are good so that you can bag the best deals. At Forex.com, they understand your concerns, and hence they devote all their resources to that end. Moreover, the brokerage also offers a trading alert service. With the help of this feature, new traders will be able to use a trial version for 45 days.
Since you will be investing your own hard earned money into the Forex brokerage, it is essential that you check the security and trust a company has to offer. Forex.com is largely guided by regulatory requirements. It is known for keeping its liquidity above the minimum requirements. Moreover, the company keeps the traders’ funds separated so that there is never any confusion.
Platforms:
Forex.com comes with an advanced trading platform, and that is the main attraction you should be looking out for. It provides a powerful environment that allows traders to make the best of their profession. Not only will you be able to access advanced drawing tools, charting features, and technical indicators, but you will also be able to create your own. The entire platform has been created in a manner, which helps you formulate the best of strategies.
On the other hand, there is the Web Trader, which can be adjusted to give you speed and compatibility. You will be able to use it with a number of browsers and hence access the impressive suite of tools it has to offers. This platform also offers you Full Account management, which will help you control the deposits and withdrawals.
The Mobile traders are the third platform offered by Forex.com, and it has been built for Android and iOS compatibility. Having a look at the integrated news and market analysis category will help you keep up to date with the Forex world. You will also be able to receive trade alerts and notifications via email and SMS.
Pros:
- forex.com is a global market leader and hence a trustworthy option.
- You will have the choice to trade with the ECN Platform.
- It is strictly authorized and follows a set of regulations that ensure the safety of the client.
- The company has solid financial backing, which means that it will not collapse to market pressure.
- As a broker, they are skilled to execute all trades in the best possible manner.
- The platforms used by Forex.com are reliable.
- You will be provided with tight and narrow spreads that will make the trading process more profitable for you.
- The firm offers cryptocurrency CFDs in the United Kingdom and Bitcoin Futures in the United States.
- It offers advanced charting options in both its desktop and web platforms.
- If you are interested in learning more about Forex trading, then you can visit one of the numerous channels available for research content and trading strategies.
Cons:
- If you are using the mobile version of the app, you will find that it does not have the watch list functionality.
- The charting mode available on the mobile app is not very easy to use because the technical indicators and drawing features are tough to access. The navigation icon does not exist in the portrait mode.
If you want strictly regulated good Forex broker, you cannot go wrong with Forex.com. It can be a perfect choice for your.
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