Forex.com Review

Forex.com Products

Forex.com has an extensive product list which spans across 200 global markets. The products offered by Forex.com are available to all traders from around the world and include Forex, Commodities, and CFDs. See their details outline below:

Forex

• 45+ currency pairs including majors, minors, and some exotics
• Leverage up to 40:1
• High volatility

Commodities

• Metals, energies, and softs can be traded as CFDs
• 12 commodity CFDs
• Leverage up to 16.67:1

Indices

• The most popular stock portfolios available for trade
• 10 index CFDs
• Leverage up to 33.33:1
• Global economy exposure

Forex.com Trading Conditions

Forex.com offers their traders trading condition in which are quite favorable. For instance, they offer expert generated trade signals for free for the first 45 days, however after that it becomes a paid service. As well, traders can take advantage of trading on leverage for up to 40:1 for Forex, 16.67:1 for commodities, and 33.33:1 for indices. Also, expert generated trading strategies are available to help traders realize maximum potential. Traders also experience the fastest execution speeds as Forex.com’s trading platforms are top tier platforms and based on reliable servers.

Forex.com Account Types

Forex.com offers traders only two types of trading accounts; a Standard Trading account and an Active Trading Account. The Active Trading Account is their premium account type and requires a minimum initial deposit of $20,000 to open an account, while the standard trading account only requires a minimum deposit of $50. The accounts differ only in terms of fees, with the Active Trading Account having lower spreads than the Standard Trading Account.

Forex.com Commissions & Fees

As with most online trading brokerages, Forex.com does not charge any fees through commissions, but rather through the spread. The spreads charged by Forex.com are competitive and variable with spreads starting as low as 0.84 pips for the premium Active Trading Account. For the standard account spreads typically range from 1.9 pips to as low as 1.5 pips. Traders can receive up to 15% lower fees if they deposit at least $10,000 and make 30 standard trades per month.

Forex.com Platforms and Tools

Forex.com is unique in the fact that they offer traders the ability to trade from 3 different trading platforms known as the Advanced Trading Platform, Web Trader, and MetaTrader 4 (MT4). See these platforms overviewed below.

FOREXTrader

This platform is Forex.com’s proprietary trading platform and is very powerful and offers traders a wide array of features and tools including various drawing tools, advanced charting features, and more than 80 technical indicators. As well, traders have access to tried and tested trading strategies and have the ability to code their own.

Web Trader

This platform is great for speed and is compatible with multiple devices and browsers for quick and easy trading. This platform is not as advanced as the one above but features a number of impressive tools for technical analysis and charting. Traders can fully manage their account through this platform.

MetaTrader 4 (MT4)

This trading platform is the most widely used trading platform in the industry and it is loved by many. It’s available for free on the Forex.com website and has just about every tool and feature a trader would need.

Is Forex.com Mobile Friendly?

Yes. Forex.com is fully compatible with all mobile devices. The FOREXTrader platform is optimized for the small screen and supports the same look and feel as the desktop version.  Also, traders can download mobile applications for the MT4 trading platform on both Android and Apple smart devices.

Forex.com Promotions

Unfortunately, Forex.com does not offer any form of bonuses or promotions for trading on their platform. This is somewhat surprising considering many online trading brokerages offer promotions for high profile clients. The only this Forex.com offers is a 15% discount for traders who deposit a minimum of $10,000 and make more than 30 trades per month.

Forex.com Deposits & Withdrawals

Forex.com accepts a small but complete variety of deposit and withdrawal methods such as various credit and debit cards, bank wire transfers, and wire transfers vie Sofortbanking. Minimum and maximum transaction amounts for deposits and withdrawals are $30 and $10,000 respectively.

Forex.com Customer Support

Forex.com has very impressive customer support compared with many other online trading brokerages. They offer a variety of support methods that are available 24/7 such as telephone, live chat, email, and through their social media channels. The support options were all very effective and quick with their response times. We found that they respond in a very friendly and professional manner and are quick to answer our questions.

Forex.com Research and Education

Forex.com excels in the area of providing quality and extensive research and educational material for their traders. The website features an extensive education centre that is very well organized with beginner, intermediate, and advanced levels of content. Customers can view numerous webinars, training videos, tutorials, articles, and more via the education centre. Also, the websites FAQ page is very helpful and extensive as well.

Noteworthy Points for Forex.com

One thing that really stood out to us is the websites design and organized nature. There is so much content packed into Forex.com that is easily accessible and organized for the trader’s benefit. The trading platforms also stood out to us, as they have a variety of high quality platforms for traders to choose from. Also, the customer support and education centre are very well done and add to the already great customer experience.

Conclusion

Forex.com is a truly competent and reliable online trading brokerage. They offer a variety of trading services spread across numerous global markets. The trading platforms available are exceptional and widely used. It is easy to see that Forex.com is a quality brokerage offering top of the line trading services.