Forex.com Review – The Most Famous Forex Broker in the US
- Web Trading, Mobile Trading, Advanced Trading Platform
- Company: GAIN Capital UK Limited
- Founded: 1999
- Headquarters: United Kingdom
- Phone: 0800 056 7928
- Email: firstname.lastname@example.org
As you search around the varied and extensively competitive Forex market, so many options tend to present themselves to you. One common choice that a lot of people choose to go with is the popular Forex.com. While the name implies it is a Forex-only platform, it is also got the chance for your trade on other commodities at the same time.
It is one of the best around. Is it for you, though? Or is the Forex.com site maybe a little too general for you?
As arguably the largest name in the US Forex market, it is a major part of the industry and has become a go-to choice for many traders. The fact it is so easy to use makes it an obviously attractive starting point for many people who take part in FX trading. However, the fact it is so easy to use comes from the fact that it is so professional. With a long service history in the industry, Forex.com has become the go-to point for many people who are just starting out as well as experts of the industry looking for reliability.
It was founded in 1999, and since then has become a major part of the wider industry. It is, for example, fully regulated in the United Kingdom, United States, Canada, Japan, and Australia. For that reason, it is a service that you could easily trust given its wide general industry usage.
Bonus Offers & Promotions
There are presently no listed promotions or bonus offers for Forex.com. While other platforms might be a touch more blasé with their extensive list of bonuses and promotions, there is no such issue when it comes to using Forex.com. You will not get any kind of benefit from the service just for signing up, for example, so keep that in mind.
Unlike other industries, promotions are not as common in Forex trading. However, you will find that the service itself is fast, reliable, consistent and lives up to the expectations that you would have of it.
Fully regulated in the US, UK, Canada, Japan, and Australia, Forex.com can be trusted. You are protected when using this platform, meaning that you do not need to worry about the legality or legitimacy of anything you are doing here. This has many long-term benefits for you, not least the fact it will offer you an easy way to stay on top of your regulatory needs.
Another nice benefit of this added regulation is the fact that you know it can be trusted. As the above nations are some of the most demanding around with regards to regulation, you can feel confident that this regulatory body is living up to its end of the bargain. For that reason, many people will choose to this Forex.com as they know it comes with a long-term history of being secured from potential problems.
The quality of the platforms that you get to use are quite impressive, too. You will get access to Advanced Trading, Web Trading and also MetaTrader4. This should give you total confidence in using this platform as it uses three of the most impressive platforms on the market. With over 130 technical indicators, too, you will have access to all manner of analytical platforms. This should really help with improving your trading quality and increasing the accuracy of every trade that you happen to take on.
This helps with making sure you can get a more robust, easy-going experience. Each of the platforms is useful for beginners but it will also make it easy for veterans to use advanced features. You will find that many of the trading options are a bit more advanced than they are with other brokers, though.
If you are here for a system that offers a more robust kind of trading, then this is almost certainly the one for you. It is maybe a little confusing for total beginners, but with a bit of perseverance you could easily learn the system.
Out of all the traders that one might consider, Forex.com offers some of the best learning tools for you. It has great ways to learn via demo accounts, terminology glossaries, tutorial videos and educational content to read through. This should really help to improve the standard of your Forex knowledge and make it much easier for you to learn. The videos are easy to follow for beginners, but even advanced traders should find some pretty interesting content floating around in here.
Customer support on Forex.com comes with high expectations, and it will not let you down. While e-mail support can be needlessly brief and take too long to respond to your queries, other forms of support tend to be much quicker in general. You will find that this should make it a bit easier for you to get the general gist of the support that you need, though, with both phone chat and live chat services.
They tend to get to the bottom of your issue, too!
Withdrawals and Deposits
Making a withdrawal and/or deposit is very easy when you use this platform. While you often are waiting for around 3 working days for the transaction to go through, you will not need to pay a deposit or withdrawal fee. They also allow for easy withdrawal when using a credit card or a debit card, which is quite rare in the industry.
With pretty average fees on top of this, too, you will find that you tend to get a pretty simple deal when using this system. However, if you tend to trade more in CFDs than you do in Forex, then the fees on Forex.com tend to be much higher in response. Keep that in mind.
Overall, it would be hard to complain too much about Forex.com. Its limitations are all pretty minimal, so it can become a very easy platform to get to grips with if you are unsure of what you are doing. For those new to Forex, sticking with a trusted and familiar name like Forex.com might be a good place to start. Do not discount it if you are a veteran either, though: it is got plenty to offer traders of all skill levels.