Forex.com was founded in 1999 and is a GAIN Capital brand operating under the parent company StoneX Group (NASDAQ: SNEX). StoneX Group is a Fortune 500 company and a member of the National Futures Association (NFA) in the U.S. As of August 2021, StoneX holds $10.9B in assets with $198M in excess regulatory capital. Gain Capital, through its trading names and subsidiaries, including the City Index brand, operates in multiple countries and holds licenses in several major regulatory hubs, including the U.S., U.K., Canada, Japan, and Australia.
It’s worth noting that GAIN Capital, through its retail trading brand Forex.com, executed an average daily volume of $8.1 billion for its retail clients in 2020 alone. This highlights the significant trading activity that takes place through the broker’s platform. As an early pioneer in offering online forex trading in the U.S., Forex.com remains one of the largest retail FX brokers globally. As of 2020, the broker reported over $3.9 billion in customer equity, which demonstrates the trust and confidence that traders have in the company.
.
FOREX.com Trading Instruments
Forex.com offers a wide range of trading instruments across multiple asset classes, including:
- Forex: Forex.com provides access to over 80 currency pairs, including majors, minors, and exotics. Traders can trade forex with competitive pricing, fast execution, and deep liquidity.
- Indices: Forex.com offers trading on a range of stock indices, including the S&P 500, FTSE 100, and Nikkei 225. Traders can benefit from low margin requirements and flexible trading hours.
- Commodities: Traders can access a variety of commodity markets, including gold, silver, crude oil, and natural gas. Forex.com offers low spreads and fast execution on commodity trading.
- Cryptocurrencies: Forex.com offers trading on popular cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. Traders can trade cryptocurrency pairs against fiat currencies, such as USD and EUR.
- Shares: Forex.com provides access to over 4,500 shares from major stock exchanges around the world, including the NYSE, NASDAQ, and London Stock Exchange. Traders can trade shares with competitive pricing and fast execution.
Trading Conditions
Forex.com offers competitive trading conditions to its clients, including:
- Leverage: Forex.com offers leverage up to 200:1 for forex trading and up to 50:1 for CFD trading, depending on the asset class and the trader’s location.
- Spreads: Forex.com provides competitive spreads on all trading instruments, with forex spreads starting from as low as 0.2 pips for major currency pairs.
- Broker offers multiple trading platforms, including MetaTrader 4, MetaTrader 5, and their proprietary platform, which provide traders with access to a wide range of trading tools and features.
- Forex.com provides fast and secure funding and withdrawal options, including credit/debit card, bank wire transfer, and electronic payment methods.
- Educational Resources: Broker offers a range of educational resources, including webinars, video tutorials, and trading guides, to help traders improve their trading skills and knowledge.
Account Types
Forex.com offers different account types to suit the needs of different traders. Here are the three main account types offered by Forex.com:
- Standard Account: The standard account is suitable for most retail traders, with no minimum deposit required. The account offers variable spreads, up to 200:1 leverage, and access to a range of trading instruments, including forex, indices, commodities, and shares.
- Commission Account: The commission account is designed for traders who require tight spreads and low commissions. The account charges a commission of $5 per lot traded and offers variable spreads, up to 200:1 leverage, and access to a range of trading instruments.
- Direct Market Access (DMA) Account: The DMA account is designed for professional traders who require direct market access and deep liquidity. The account offers variable spreads, up to 100:1 leverage, and access to a range of trading instruments, including forex, indices, and shares. The DMA account requires a minimum deposit of $25,000.
All Forex.com accounts come with access to a range of trading platforms, including MetaTrader 4, MetaTrader 5, and the Forex.com proprietary platform. Additionally, Forex.com offers a demo account, which is a useful tool for traders to practice their trading strategies before trading with real money.
Regulation and Security
Forex.com is regulated by several reputable regulatory authorities around the world, which ensures the safety of client funds and the transparency of trading practices. Here are the main regulatory authorities that oversee Forex.com:
- The Commodity Futures Trading Commission (CFTC) in the United States
- The National Futures Association (NFA) in the United States
- The Financial Conduct Authority (FCA) in the United Kingdom
- The Investment Industry Regulatory Organization of Canada (IIROC) in Canada
- The Australian Securities and Investments Commission (ASIC) in Australia
Forex.com also uses advanced security measures to protect client funds and personal information, including:
- Segregated Accounts: Forex.com keeps client funds in segregated accounts to ensure that client funds are separate from company funds.
- Encryption: Forex.com uses 128-bit SSL encryption to protect client data and prevent unauthorized access.
- Two-Factor Authentication: Forex.com offers two-factor authentication for secure login and access to client accounts.
- Risk Management: Forex.com has robust risk management policies in place to prevent negative account balances and limit trading risks.
Conclusion on FOREX.com
Forex.com is a reputable and well-established forex and CFD broker with a strong regulatory framework and a long history of providing reliable trading services. With a wide range of trading instruments, competitive trading conditions, and multiple trading platforms, Forex.com is suitable for both novice and experienced traders.
Forex.com also offers a range of educational resources and customer support services to help traders improve their trading skills and make informed trading decisions. With its strong security measures and risk management policies, Forex.com provides a safe and secure trading environment for its clients. Overall, Forex.com is a reliable and trustworthy broker for traders looking to trade forex and CFDs.
The help was more than willing to work with what the system had done. we spent over 30 minutes and worked multiple different problems to get it resolved.
Well done.
I msitakeningly signed up with a VPN triggering a mismatch in country. At first, seeing the email I thought this would be a few-day ordeal. It was actually incredibly easy and fast to handle. Excellent customer service.