97
BROKER RATED

FOREX.COM is one of the leading brokers in the forex industry. On the European market the brand is operated by GAIN Capital UK Ltd., which is regulated by the Financial Conduct Authority (FCA) in the UK, while in the US FOREX.COM is operated by an American subsidiary of GAIN Capital Group.

Forex.com offers tight spreads on over 90 pairs, including currencies and spot metals, and covers more than 300 markets including FX, indices, shares and cryptocurrencies. FOREX.COM is the world’s largest MetaTrader broker and has the lowest trading costs for popular crypto markets.

Forex.com is considered safe because it has a long track record, is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange

 

Trading Conditions

Minimum initial deposit

In order to open an account with FOREX.COM, one has to invest just $50, which is a low minimum initial deposit as most broker require at least 250 USD.

Spreads & Commission

One of the main advantages of major broker FOREX.COM is that it offers commission-free trading. Of course, this means that the company gets remuneration for its services by a mark-up. FOREX.com offers variable spreads starting from 1,2 pips for the benchmark EURUSD spread. And you get access to a selection of trading platforms with fast execution (average execution speed is 0.05 seconds), and most importantly, your funds are safe.

Maximum leverage

The maximum leverage offered by FOREX.COM to its clients in Europe is up to 1:30, and is in line with the latest requirements of the European Securities and Markets Authority.

The Company

Security of funds

Set up in 1999, Gain Capital now has a global reach and is one of the largest brokers in the industry. It offers trading in currency pairs, index & commodities CFDs, precious metals, as well as exchange-traded futures.

On the European market FOREX.COM is operated by GAIN Capital UK Ltd., which as we already noted is regulated by the Financial Conduct Authority (FCA) in the UK.

As a global publicly traded company, regulated in 7 jurisdictions, Gain Capital meets high standards of corporate governance, financial reporting and disclosure. Generally speaking, if you choose to invest in forex.com, you may trade without worries about your funds’ safety.

FOREX.COM also takes part in the Financial Services Compensation Scheme, which offers cover up to £85,000.

 

Trading platforms

Forex.com offers its clients two basic trading platforms: its in-house FOREXTrader & and the popular MetaTrader 4. In addition, the brokerage also supports Tradable and its special ECN platform, GTX.

The fully-customisable FOREXTrader is equipped with advanced trading features, professional charting tools and integrated research and analysis. It comes in as web, PC varsions and full array of mobile apps (including iOS and Android devices). FOREXTrader PRO’s professional-grade trading tools include real-time charting, pattern recognition software by Autochartist, and custom-built automated trading software, called Strategy Center.

Among the FOREXTrader’s features is the Strategy Center with automated buy and sell signals, which allows traders to access 15 user customisable pre-defined trading strategies as well as build their own via the Strategy Wizard. The Strategy Center includes the ability to back test strategies against historical data and then activate them to generate buy and sell signals in real time.

The comprehensive research and analysis includes round-the-clock updates from our expert in-house research team, real-time concise headlines from Reuters News, and professional technical analysis from industry-leading Trading Central.

With this platform, users are able to choose between instant and market execution (through the Execution Mode drop-down). Unfortunately, FOREXTrader does not allow hedging, as open positions are closed in compliance with the (First in First Out) FIFO accounting rule, applicable in the US.

Some of the new functionalities of the platform after a recent update include powerful charts with integrated one-click trading, smart trade ticket with advanced risk management option, pre-defined and customisable layouts, and more.

The most common forex trading platform – MetaTrader4 – is also supported by Forex.com. It offers competitive pricing on over 45 currencies, superior market execution and EA optimised environment. Furthermore, Forex.com’s MT4 is equipped with some unique trader tools & resources, such as live commentary from the company’s Global Research Team, real time technical analysis from Trading Central and actionable ideas from Autochartist. According to us, MT4, offered by forex.com has one significant disadvantage – it does Not offer a 3rd party bridge.

GAIN Capital’s GTX is an independent and innovative ECN designed for institutions and professional traders. It offers robust algorithmic trading capabilities that enable clients to develop and implement a wide range of trading strategies using GTX’s Java or FIX-based APIs.

Payment methods

Clients of Forex.com may use bank wire transfer, as well as debit/credit cards as payment methods.

EU clients can also use Sofortbanking (online funds transfer available in the UK, Germany, Switzerland, The Netherlands and Belgium only).

Forex UK
PRO'S
Well-regulated & reputable broker
Commission-free trading
Choice of trading platforms, MT4 available
Fast execution speed
CON'S
Mediocre spreads
97
BROKER RATED