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tradingcritique.com gives a complete and 2023 updated Product Guide for the Forex.com Broker website. If we check the Regulations of Forex.com, it is regulated in six tire jurisdictions. They provide a variety of financial instruments for trading around the world. Forex.com offers its own trading platform and MetaTrader 5 app & tools.
FOREX.com (https://www.forex.com/en/) is a trading name of GAIN Global Markets Inc. The company was established in 2001, and it is a global forex and CFD broker. StoneX group Inc is a parent company of Forex.com. SNEX is listed on the NASDAQ Stock Exchange. It is regulated and authorized by several top-tier Financial Institutions worldwide. They offer risk-free 30 days free demo account.
MT4 and MT5 trading platforms are giving a better experience for trading in Forex.com, and also they provide secured trading.
FOREX.com does not provide CFDs for US Residents. They offer a wide range of currency pairs, and the market’s assets are Forex, Indices, Commodities, Stocks, Oil, Metals, and Cryptocurrencies. Forex.com provides three different types of accounts. They serve 24/6 customer service via Phone, Email, and Live chat.
Image 1: Home Page of Forex.com website.
FOREX.com is registered in the Cayman Islands Monetary Authority (CIMA) and is also a member of the National Futures Association (NFA) in the US. It is regulated by various Financial Institutions which are listed below in Table 1.
| Country | Regulations | Company name |
|---|---|---|
| United Kingdom | Financial Conduct Authority (FCA) | FOREX.com https://www.forex.com/en/ |
| Japan | Financial Services Authority (FSA) | FOREX.com https://www.forex.com/en/ |
| United States | Commodity Futures Trading Commission (CFTC) | FOREX.com https://www.forex.com/en/ |
| Canada | Investment Industry Regulatory Organization of Canada (IIROC) | FOREX.com https://www.forex.com/en/ |
| Australia | Australian Services and Investments Commission (ASIC) | FOREX.com https://www.forex.com/en/ |
| Cayman Islands | Cayman Islands Monetary Authority (CIMA) | GAIN Global Markets Inc https://www.gaincapital.com/ |
Forex.com is regulated by the Cayman Islands Monetary Authority (CIMA). The CIMA is dependent on the Securities Investment Business Law of the Cayman Islands. They do not offer proprietary trading. Around the world, forex.com is being regulated by six different jurisdictions via their subsidiary. All customer deposits are kept separately from their own operating funds and distributed by Guardian Banks worldwide.
FOREX.com is an award-winning forex broker. They received awards related to Education, Trading platforms, Customer service, Forex trading, etc.
Table 2 : Awards won by Forex.com and the award details
| Awards | Awarded by |
|---|---|
| Best Forex Platform – 2021 | ADVFN International Financial Awards |
| Best Education – 2021 | Online Personal Wealth Awards |
| Best Brokerage (Forex) – 2020 | Benzinga Global Fintech Awards |
| Mobile Platform/App – 2020 | Investment Trends UK Leverage Trading Report Awards |
| Best CFD FX Provider, and Best Trading Analysis Provider – 2020 | Online Personal Wealth Awards |
FOREX.com provides about 4,500 markets assets to trade in Forex, Equities, Commodities, with 80+ currency pairs, thousands of stocks & Indices, and also Cryptocurrencies. They offer the most popular stocks like Amazon, Facebook, Microsoft, etc.
Table 3 : Various trading instruments available in Forex.com
| Trading types | Features to trade in FOREX.COM | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Forex |
Available forex currency pairs in Forex.com | |||||||||
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| TheyofferCFD | ||||||
Indices |
Available Indices in Forex.com | |||||||||
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Stocks |
Various country stocks available in Forex.com | |||||||||
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Oil and Commodities |
Different commodities markets available in Forex.com | |||||||||
Commodity Futures
| Spot Commodities
| Metals
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Cryptocurrencies |
Available Crypto products in Forex.com | |||||||||
Image 2: Markets assets in Forex.com
FOREX.com provides advanced award-winning trading platforms like MetaTrader 4, MetaTrader 5, etc. All the trading platforms and apps are having advanced trading technology and trading tools with several technical indicators. They offer Web trading, Mobile Trading, and desktop platforms.
The Forex.com trading platforms are,
MetaTrader 4 is one of the world’s most popular trading platforms. MetaTrader 4 offers you access to trading tools related to returns news, FOREX.com research, trading central technical analysis, etc. It has real-time account data, Expert Adviser and Free VPS hosting. They provide free download in Android (Google play store) and iOS (Apple App Store) mobile apps.
Image 3: MetaTrader4 in Forex.com
MetaTrader 5 is a multi-asset trading platform. It offers a lot of trading products for trades like commodities, stocks, crypto, and forex.
MT5 offers 21 chart timeframes, 44 analytical objects, 38 technical indicators with an integrated economic calendar.
The MT5 Expert Advisor helps order execution which makes your work easier. They provide free mobile apps on both iOS (Apple app store) and Android (google play store).
Image 4: MetaTrader5 in Forex.com
MetaTrader 4 and MetaTrader 5 platforms are their separate mobile trading apps. You can trade 500+ crypto, currency pairs, stocks, indices, and commodities. It has 38+ technical indicators and Live interactive charts on 21 different time frames. The apps are fully customizable also. You can set alerts and a watchlist. The MT4 and MT5 apps are suitable for all types of traders.
Image 5: MT5 Mobile Trading in Forex.com
MetaTrader 5 trading platform provides different enhanced trading tools and various other apps exclusively for Forex.com. There are extra features available in these apps for trading on MetaTrader 5 mobile app. It helps to customize and modify your trading tools’ features. All the apps are available in a single download from their download button.
Forex.com provides a different trading website in a few different languages. Most of the websites are available in the English language as most of the audience are from English speaking countries. Available forex.com websites in different languages continent-wise are listed below.
Table 4 : Multilingual trading websites of Forex.com segregated continent wise
| No. | Forex Trading Websites | Countries | Website Language |
|---|---|---|---|
| 1. | Forex (Main) | Global | English |
| Continent 1 – EUROPE | |||
| 2. | Forex UK | United Kingdom | English |
| 3. | Forex Italy | Italy | Italian |
| 4. | Forex Germany | Germany | English |
| Continent 2 – ASIA | |||
| 5. | Forex 简体中文 | China | Simplified Chinese |
| 6. | Forex 日本語 | Japan | Japanese |
| Continent 3 – AUSTRALIA | |||
| 7. | Forex Australia | Australia | English |
| Continent 4 – AFRICA | |||
| 8. | Forex South Africa | South Africa | English |
| NORTH AMERICA | |||
| 9. | Forex Canada | Canada | English |
| 10. | Forex US | USA | English |
FOREX.com provides three different types of trading accounts and also offers a 30days free demo account.
A standard account is suitable for those who like to trade in a traditional way. The funding and trading are transparent, and there is no commission for trading. They provide advanced trading platforms for this account with EA.
FOREX.com offers 15+ indices, 12+ commodities, 80+ FX pairs, etc. The minimum and recommended balance are $1,000. They provide 30 days free demo account for this Standard account with $10,000 virtual money.
The minimum deposit amount is $1,000 for a commission account. They provide 4,500+ shares on their platform, 15+ indices, 80+ FA pairs, crypto, etc.
FOREX.com offers Web trading, Mobile Apps, and Desktop platforms only. MT4 and MT5 are not available for this account. This account has a low spread and low commission. They collect a $5 commission for every 100K trade.
The Direct Market Access (DMA) Account is suitable for serious traders who seek deep cash flow and control to take advantage of rapid pricing chances. They offer only 58+ FX pairs for trade and does not provide other markets’ asset. Also, they do not offer MT4 and MT5 trading platforms. The minimum deposit amount is $25,000.
Image 6: Accounts types in Forex.com
Straightforward, Transparent Pricing (STP) is the meaning of STP. Forex.com provides an STP Pro account for US residents. This account is suitable for those who want to trade with deep liquidity. The STP account offers the advantage of quick price options for traders. They provide commission reduction options for trading based on trading volume. This commission option changes every three months. The minimum trading size is 100k.
Deposit – FOREX.com accepts funding via Credit/Debit card and Wire Transfer. Using a Neteller or Skrill and Credit/Debit card per transaction is $100 for minimum and $10,000 for maximum.
The deposit amount differs for various base currencies, but the equivalent amount of $100 is the minimum deposit. There is no transaction fee, and it is an immediate transaction.
Wire transfer has no limit on fund transfer, and there is also a transaction fee. Processing time may take up to 1 to 2 days. The accepted funding currencies are USD, GBP, EUR. They do not accept funding via checks.
Withdrawal – FOREX.com minimum withdrawal amount is 100 in your account base currency. They allow withdrawal methods like Credit/Debit cards, Wire transfers. The maximum withdrawal amount is $50,000 for a Card transaction, and processing time takes up to 24 hours. If wire transfer is used, there are no limits for withdrawal. They did not collect transaction fees for the withdrawal amount. But using wire transactions, the charge depends on the receiving banks.
FOREX.com serves customer support 24 hours a day from 10 am Sunday to 5 pm Friday. They provide communication via Telephonic line, Email, and Live chat and they also support related answers with the Frequently Asked Questions (FAQ) Page. Forex.com offers Expert Advisors for its account holders.
| Countries | Forex.com Contact Number |
|---|---|
| International Phone Number | 1 908 315 0653 |
| EUROPE | |
| United Kingdom | 0800 056 7928 |
| United Kingdom | +44 (0) 20 7429 7900 |
| ASIA | |
| Japan | +81-3-5205-6161 |
| China | 400-8428138 |
| Singapore | +65 6826 9988 |
| NORTH AMERICA | |
| Canada | 1 855 317 9242 |
| Canada | 1 908 458 8297 |
Image 7: Support from Forex.com
FOREX.com focuses on both beginner traders and professionals. It provides both education and market analysis with the latest updates to keep you up to date with improvements or changes designed to build business confidence and knowledge.
The Education Center offers trading courses, technical analysis, basic analysis, and trading strategies available to all types of traders. In addition, Forex.com regularly updates Webinars, business news, and research products covering popular and unique points.
FOREX.com has the best ranking tools. You can easily modify your charts. There are 90+ technical indicators and many editing tools like Fibonacci retracement and trends.
Image 8: Types of traders using the Education section in Forex.com
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