FOREX.com Broker Review

FOREX.com Broker Review

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.

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Blammo Broker Review

Blammo Broker Review

Blammo Ltd is a financial services company that offers a range of financial products and services, including forex and CFD trading, asset management, investment advice, and wealth management. However, it is important to note that Blammo is not a regulated forex broker, which may be a concern for traders who prioritize regulatory oversight and protections. Broker Blammo is positioning itself as a new digital asset bank, founded in February 2019, which offers simple and affordable crypto-financial products to investors all over the world. The company hides exact details about its actual physical office or founders.

While Blammo’s website is professional and informative, there is limited information available about the company’s history, ownership, and management. This lack of transparency may raise questions for potential clients about the legitimacy and credibility of the firm.

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