Forex.com is a global FX broker offering reliable trading services to its customers across the globe. The company is regulated by several top-tier authorities and listed on NASDAQ Stock Exchange under StoneX Group Inc.
Forex.com provides:
- Low FX fees.
- An impressive selection of currency pairs.
- Various technical research tools for traders of all levels.
Its parent company's listing on the stock exchange adds further credibility to the platform and its commitment to providing quality services at competitive rates. With Forex.com, you can trust that your investments are in safe hands!
Who Is FOREX.com For?
FOREX.com caters to traders from all backgrounds and offers a diverse selection of products, asset classes, and platforms for all types of trading.
With an emphasis on fast and reliable execution, FOREX.com is well-suited for high-volume traders who want to take advantage of the foreign exchange markets.
Moreover, clients can rest assured that their accounts are safe and secure. Regardless of their region, FOREX.com offers something to everyone who wants to get involved in the markets. With these features, FOREX.com is perfect for those looking to profit from currency trading.
Why FOREX.com Over Others?
FOREX.com offers an extensive selection of over 80 currency pairs, allowing traders to diversify their portfolios and take advantage of global markets by executing various trading strategies. Whether it's a novice or an experienced trader, FOREX.com provides comprehensive educational tools to ensure that everyone gets the most out of their trades. Their live webinars offer a range of topics, from beginner to advanced risk management courses.
Additionally, the broker offers a wide selection of 90 individual technical indicators that can be quickly added to charts with one click. Experienced traders can benefit from selecting educational content, helping them keep up-to-date with the latest trading strategies and market trends. With FOREX.com's comprehensive offerings, anyone can make their trades confidently and successfully.
Whether it’s for long-term investment or short-term speculation, FOREX.com provides you with all the tools needed to succeed in currency trading. From reliable market data and analysis to powerful trading platforms and sophisticated risk management tools – it’s everything you need in one place. With FOREX.com, you can rest assured you’ll get the best trading experience possible.
For those who are just starting out, FOREX.com provides a secure and user-friendly environment to learn how to trade confidently. From beginner courses to more advanced concepts such as risk management, traders of all levels will find educational resources tailored specifically to their needs.
Plus, with access to over 80 currency pairs and 90 technical indicators, it’s easy for any trader – novice or experienced – to diversify their portfolios and capitalize on global markets. Make informed decisions and maximize your profits by utilizing all of FOREX.com’s advantageous features today.
Ultimately, FOREX.com is a great option for traders looking for a wide range of currency pairs to trade and plenty of educational tools to support their journey into the world of currency trading. With its comprehensive selection of currency pairs, technical indicator offerings, and educational content, FOREX.com is one of the best brokerages.
Whether you're a beginner or an experienced trader, there's something for everyone at this brokerage. So if you've been looking for a reliable provider with plenty of options, FOREX.com may be the perfect broker.
Forex.com Pros and Cons
Pros of Forex.com
- Forex.com offers clients access to a wide range of asset classes, including Forex, equities, commodities, indices, bonds, ETFs, industry sectors, cryptocurrencies and futures (through an affiliate).
- The platform has integrated TradingView charting capabilities into its web-based offering.
- Forex.com is registered with the CFTC in the US and authorized by the Financial Conduct Authority (FCA #113942) in the U.K./E.U., providing additional protection through FSCS up to £85000 and negative balance protection mandated by ESMA for customers based in those countries respectively.
- Fast execution speeds make it suitable for high volume traders who can benefit from rebate savings available through its Active Trader program
Cons of Forex.com
- No negative balance protection offered for US customers which puts them at risk if their account balances go below zero levels since they will have to pay more than what was initially deposited into their accounts for trade losses incurred later on
- GSLO not available for US customers leaving them vulnerable to market gap risks without any coverage or guarantee from broker itself
- Fixed spreads not provided meaning spreads could be higher than other brokers offer
- Forex.com’s website may need more care and attention, with some pages featuring incomplete or outdated information which could cause confusion among new users.
- Does not offer demo account to practice before trading live.
Forex.com Detail Features
Pricing
FOREX.com is a Forex broker that profits from the bid-ask spread between the buying and selling prices of different currency pairs.
The difference between the two prices is known as the ‘dealing spread,' Forex.com offers some of the lowest spreads in the industry, meaning traders pay less when making Forex trades.
When opening a Forex account at Forex.com, traders can choose between a Standard account and 2 other higher-tier accounts; the Commission and STP Pro accounts.
The Standard account is commission-free, but Forex.com charges lower average dealing spreads than its competitors, although these spreads are variable and can change depending on market conditions.
The Commission account pays Forex.com a fee of $5 per 100k traded, but traders benefit from reduced spreads compared to the Standard account.
On the other hand, Forex.com's STP Pro account offers even lower spreads than the Commission account, allowing traders to get the best possible Forex trading experience.
Forex traders often use leverage, also known as margin, to control larger positions with a smaller amount of capital.
Forex.com offers some of the highest margin levels in Forex trading, depending on the currency pair being traded. For example, the margin requirement for a position in the USD/CAD pair is 2%, meaning traders must deposit a minimum of $2,000 to hold a position worth $100,000.
Forex.com also offers an Active Trader Program for experienced Forex traders with accounts of at least $10,000. These traders are eligible to receive cash rebates on their Forex trades.
Forex.com also recommends that traders maintain a minimum balance of $2,500 in their accounts to prevent automatic position closeouts due to a lack of available margin.
The minimum deposit required to open an account with Forex.com is 100 units of the base currency, which equates to just $100 for US traders.
Forex.com is one of the most cost-effective Forex brokers in the industry, and its low dealing spreads and margin requirements make it an attractive choice for Forex traders looking to trade with a broker who offers great value for money.
Overall, Forex.com provides an excellent Forex trading platform for Forex traders.
Forex.com's low spreads and generous margin requirements mean that traders have the potential to make significant profits with Forex trading. In contrast, its Active Trader Program provides experienced Forex traders extra rewards on their trades.
With Forex.com, Forex traders can enjoy all the benefits of a Forex broker while paying fewer fees and commissions.
Usability
Opening an account with FOREX.com is a straightforward process requiring only a few steps. First, you must fill out a simple online form with your basic information and provide details about your trading experience.
Additionally, you'll need to submit identification documents such as your ID, social security number or ITIN, and your employer's name (if applicable).
Once all the documents have been submitted and verified, FOREX.com will open your account. This can take up to one week, depending on the legibility of your ID. After the account is open, you can link a bank or debit card and fund your account to begin trading.
FOREX.com offers 2 different kinds of platforms to its clients: the popular MT4 platform and its comprehensive trading platform. Each platform is designed specifically for Forex traders, with a web-based and mobile application available.
It is easy to find and execute Forex trades using the web platform or the mobile app. To locate a currency pair, type it into the search bar, and you will be provided with up-to-date bids and ask rates.
Once you have chosen a pair to trade, click on it, enter the amount of currency you would like to exchange, and you are ready to execute your Forex trade. Forex.com will summarize the trade when it is closed, including your net loss or gain.
Forex.com offers a plethora of advanced trading indicators, making it easy for experienced traders to find the perfect one for their needs. With over ninety different indicators to choose from, such as Moving Averages and Ichimoku Clouds, traders can quickly add multiple indicators at once with ease.
However, sometimes the platforms do not provide sufficient explanation on how to interpret and use the indicators, which is why Forex.com also provides an extensive education section to help traders gain a better understanding of Forex trading and technical analysis. This section comprehensively covers topics such as chart patterns, risk management strategies, fundamental analysis, order types and more – thus enabling traders to stay ahead of the market through knowledge and practice.
Whether you are just starting Forex trading or already have some experience, Forex.com provides the tools necessary for successful Forex trading.
From the platform's intuitive design to its comprehensive range of indicators, Forex.com is ideal for Forex traders. Plus, with Forex.com's extensive education section, you can gain a better understanding of Forex trading and technical analysis in no time at all.
So if you are looking for an easy-to-use Forex trading platform, Forex.com is the perfect choice for you. Open and fund an account today to start trading Forex on Forex.com and see your profits soar!
Education
Forex Trading Education Courses
FOREX.com has a comprehensive library of Forex trading education courses spanning multiple levels and experiences. Whether you're a novice Forex trader or experienced in the markets, FOREX.com has something for everyone.
Beginner Forex traders can learn the essentials like pip values, common Forex pairs, and Forex jargon, while advanced Forex traders can hone their strategies and risk management tools. FOREX.com also provides YouTube video tutorials for easy reference, so you can learn at your own pace.
And the best part is that every one of these Forex trading education courses is free — there's no need to log in to an account to begin learning Forex.
Research Tools
FOREX.com offers powerful research tools to improve Forex trading strategies and performance. Its Forex brokerage platform includes a customizable news feed that allows you to stay up-to-date on the latest Forex news related to your favorite currency pairs.
You can quickly select the Forex pair you're interested in and open a new workspace. On the right side of your screen, you'll find the latest Forex news headlines related to either currency listed in your pair. Clicking each headline provides further information that can help inform Forex trading decisions.
Live Webinars
If you prefer a more hands-on approach to Forex learning, FOREX.com has regularly scheduled Forex webinars designed for traders of all skill levels. These Forex webinars cover everything from Forex trading basics to psychological and risk management strategies.
Register with your name, email address, and phone number on the Forex.com website to book your spot at a Forex webinar. Just like Forex trading education courses, Forex webinars are free of charge for all participants.
With these Forex learning tools, you can quickly become a better Forex trader and maximize your Forex performance.
FOREX.com User Benefits
The Forex market offers traders a unique opportunity to make money by speculating on currency pairs without actually taking delivery of the underlying asset.
At Forex.com, you can find various educational resources to help sharpen your trading skills and execute winning trades in the Forex market. Forex.com also provides an integrated platform for Forex trading, allowing traders to apply their knowledge and strategies in the Forex market anytime.
The Forex market is open 24 hours a day, 7 days a week, so you can take advantage of Forex trading opportunities around the clock. Forex.com also offers leverage up to 50:1, allowing you to maximize your potential profits.
Forex.com's live spreads and market data are always up-to-date, allowing you to make informed Forex trading decisions.
You can also take advantage of Forex.com's commissions free trading services or chat with their staff in real-time. Furthermore, Forex traders can join Forex.com's social media communities, allowing them to learn more about Forex and increase their chances of making profitable trades.
In addition, Forex.com provides excellent customer service, ensuring that you can trade Forex without any hassle. With Forex.com's comprehensive tools and services, Forex trading has never been easier!
Top Perks For Users
FX Trading
Forex trading is one of the world's most active markets, with investors worldwide able to take advantage of 24-hour-per-day, 5-days-per-week trading opportunities.
FOREX.com is the largest Forex broker in the United States regarding client assets, allowing traders access to over 80 currency pairs.
Financial strength and security
FOREX.com offers traders the security of four internationally-regulated jurisdictions, including that of the United States, Great Britain and Canada; plus Japan's celebrated forex market – creating a safe environment for foreign exchange investment. What's more is FOREX.com falls under StoneX Group Inc., which has listed its shares on NASDAQ (SNEX).
Advanced trading platform
Forex traders have access to several versions of FOREX.com's easy-to-use trading platform – an online web platform, iPhone and Android apps, their desktop trading platforms, or third-party Forex trading platform MetaTrader – giving traders a wide range of options to make their Forex trades.
Free FX trading education and research tools
Forex traders also benefit from FOREX.com's free and comprehensive courses designed for beginners and experienced Forex traders.
In addition, they can take advantage of the advanced tools available through TradingView, which offers over 90 individual indicators for technical analysis and charting.
Active Trader Program
Forex traders with higher-volume trades have the opportunity to take advantage of exclusive benefits and rewards that are not available to other investors through FOREX.com's Active Trader Program. This program offers cash rebates, earned interest, waived bank fees and 1-on-1 support for those who make an initial deposit of $10,000 or trade at least $50 million in a calendar month.
To remain eligible for these rewards, traders must either trade at least $50 million per quarter or maintain an average account balance of $25,000. This exclusive program is designed to give high-volume Forex traders access to more sophisticated features and benefits than those available through traditional trading platforms. With the added support and rewards offered through the Active Trader Program, investors can benefit from higher returns on their investments while enjoying greater convenience and security when making trades.
Forex traders can feel secure knowing that FOREX.com is a safe, low-risk Forex trading platform, with access to several versions of the easy-to-use trading platform and comprehensive Forex trading education courses.
High-volume Forex traders have even more benefits through the Active Trader Program, giving them cash rebates, earned interest, waived bank fees, and one-on-one support.
Forex traders across the globe can take advantage of Forex trading opportunities 24 hours a day, five days a week. Trading Forex is an exciting and lucrative option – with FOREX.com, and Forex traders have access to all the tools they need to make informed decisions and succeed in this market.
Frequently Asked Questions
Do I need to implement a stop-loss?
Stop-loss orders are an invaluable tool for Forex traders, as they enable them to limit the downside risk while still having the potential to gain profits. When entering a stop-loss order, the trader will set a predetermined level at which their position will automatically be closed if the market moves beyond it to become worse than its current value. This helps traders avoid significant losses without needing to continuously monitor their positions.
Additionally, stop-loss orders can help protect against volatility in the market and sudden price movements, allowing traders to focus more on making informed trading decisions rather than worrying about protecting their capital. By setting a stop-loss order in advance, you can safeguard against large losses and ensure that you keep your profits from successful trades.
How can forex charts help me?
Forex traders use technical analysis through the help of Forex charts to gain an advantage in the market.
Forex charting software allows these traders to view multiple technical indicators indicating future currency exchange rate movements, providing them with potentially profitable trading signals.
Forex charts come in various formats, such as bar charts, line graphs, point and figure graphs, and candlestick charts.
By studying classic Forex chart patterns, experienced Forex investors may be able to predict exchange rate movements more accurately than novice Forex investors who guess at price movements.
Benzinga's article on the Best Forex Charts is an excellent source for more information on this topic.