Forex.com review conducted by the expert team of Topforexbrokers.com for those investors want to open account with this broker, In this review you will know how to sign up for a free Forex.com MT4 download or how to open a free Forex.com demo account.
Forex.com Review By TopForexBrokers.com
Forex.com is a trading platform operated and owned by a holding company named GAIN Capital and is in direct competition with FXCM UK for domination of the forex trading platform marketplace in the US.
Forex.com UK was established in 1999 and is regulated by the UK’s Financial Conduct Authority (FCA), as well as other regulatory bodies around the world, comprising the Commodity Futures National Futures Association (NFA), Trading Commission (CFTC), Financial Services Agency (FSA), Securities and Exchange Commission, Australian Securities and Investments Commission, SFC or Securities and Futures Commission, and the Investment Industry Regulatory Organization of Canada (IIROC).
Forex.com is one of the leading online fx brokers, relishes a reputation of great reliability and is extremely regarded by numerous brokers and investors who frequently use the platform for handling their currency trading accounts and researching, tracking and placing trades in a variety of financial marketplaces.
Depositors who open accounts at Forex.com have the select of using 3 different trading platforms, which are the company’s personal proprietary platform well-known as ForexTrader Pro, the hugely popular MT4 trading platform and GAIN Capital’s special GTX ECN platform, all of which are web based and presented in simple to download versions for usage on a variety of mobile devices or a standard personal computers.
The ForexTrader Pro is a web based platform that is completely customizable and intended exactly for trading foreign exchange assets. This platform provides a wide array of valued trading tools that comprise signals, pattern recognition software, advanced charting package, free educational resources, free market research, 24/7 quality customer support services and Expert Advisors. The firm also provides trading apps for all main mobile operating systems and its software is well-matched with all kinds of mobile, PCs and Macs that allow internet access.
For more info about the ForexTrader Pro platform, please mention to the section below entitled ForexTrader Features and Pro Options.
Forex.com MT4 Download
The MT4 trading platform is measured the standard for the foreign exchange industry and delivers online fx trading through a platform that is full with valued tools and features that permit automated trading of more than 30 kinds of Contracts for Difference (CFDs) and 45 marketplaces for trading foreign exchange assets. The Metatrader4 platform is totally customizable, simple to use and provides outstanding customer support services, which creates it one of the most prevalent trading platforms used by depositors around the world.
Expert traders, institutional customers and individuals who relish a higher net worth increase access to Forex.com’s special trading platform known as GTX ECN that provides investors transparent pricing, tighter spreads and exact deep liquidity.
ForexTrader Features and Pro Options
Afterward logging into their Forex.com trading accounts by means of ForexTrader Pro, depositors will see a Trading Panel that is the leading method to buy and sell pairs of currency on the trading stage. By default, 16 currencies appear but extra pairs can be added by right clicking on the gray background and then inspection which currency pairs you’re involved in trading.
The charting panel on ForexTrader Pro delivers depositors with technical indicators and charts for any pair of currencies and for any time. Extra technical indicators and tools are presented on the platform and look on the left side of the charting panel section.
This section make available traders with the present market prices for major currency pairs and comprises customizable watch lists to track wanted currency pairs, as well as asset values in other commonly traded financial marketplaces.
This section make available traders with the current news from the Fx Insider’s broadcast feed, as well as other sources that comprise the Dow Jones Newswire. A complete economic calendar is accessible for traders that comprises macroeconomic events and forecasts to regulate the importance of numerous readings.
Clicking on one of the options featured in Trading Ideas will expel a window that contains info about chart patterns, as well as price and confidence levels. The chart patterns are recognised by Autochartist at numerous stages during their development and comprise emerging and complete concepts for deliberation of depositors.
Main Menu and Shortcut Bars
Depositors who are novel to the trading platform should acquaint themselves with the drop down Main menu that comprises File, Edit, Research, Order, Tools, Reports, Window and Help options. The utmost valued tools are the Order menu drop down option of “Enter Order,” everywhere traders can yourself enter an order without the usage of any other tools. The Reports and Research menus also contain valued tools for trading, counting pivot points, everyday price levels and an Appreciated P&L option that displays trader’s profits and losses over a certain time period.
The Shortcuts Bar as well contains valued trading tools exactly designed to deliver important options and features to traders speedily through the usage of important buttons that consist of Plus Icon (+) for easy and quick order entry, Calculator Icon that can control pip value using essential bid rates, leverage, margin and trade size. The Report Icon allows traders to rapidly summarize account values by means of P&L, deposits, interest, fees, balances and rollover. The Dollar Icon provides traders a actually quick method to withdraw or deposit funds from trading accounts.
Numerous additional features are presented for the ForexTrader Pro platform, but these extra options are only accessible on the downloadable Microsoft Windows version of the trading stage.
The most significant of these extra options is the Strategy Center that permits foreign exchange investors to create modified trading strategies that can be applied to several currencies for the purpose of making sell and buy signals, and delivers a variety of technical pointers.
ForexTrader Pro usages drag and drop methods to avoid the essential of traders having to write and learn any lines of code, which is usual of other currency trading platforms.
Traders who demand to use the Forex.com trading platform have the choice of opening either an Active Trader Account or a Standard Account.
To open a Standard Account the minimum deposit amount 500 dollars are required. It is suggested that traders deposit at least $3000 into their trading accounts to gain complete access to the extensive range of trade-able assets presented through Forex.com.
Active Trader Account
Traders wanting to open an Active Trader Account must make a primary deposit as a minimum of $25,000, which allows them to the complete range of features and assets provided by Forex.com’s. Failure to continue that lowest balance will result in Active Trader Accounts being changed to Standard Accounts.
Forex.com Demo Account
A free Forex.com demo account is presented for traders who can usage the account to practice trading fx assets using the ForexTrader stage. Whether depositors are experienced or new to currency trading, the risk free Demo Account is an outstanding method to get started on Forex.com by using the complete range of the platform and 50,000 dollars of virtual funds for practice trading.
Commissions and Spreads
Forex.com does not charge commissions for its brokerage services but receives money on trades by adding a spread on top of the values traders get from the numerous marketplaces. Spreads are variable and competitive and start as little as 1.2 pips for popular currency pairs like EUR/GBP.
Customer Support Services
Forex.com is devoted to helping its investment customers succeed and upholds a staff of knowledgeable customer support personnel who are accessible 24/5 through telephone, live online chat, email or fax.
Forex.com traders also have admittance to a variety of Platform Handbooks, in addition to a Knowledge Center where they can find info about o managing and opening trading accounts with Forex.com, as well as prevalent FAQs and important technical support for trading with Forex.com.
Forex.com UK is also regulated through a variety of other universal agencies that also necessitate strict acquiescence with rules and regulations in place to protect depositors from illegal or shady financial investment transactions.
For extra protection, Forex.com maintains separated accounts for customers’ funds and a Balance Protection feature that protects depositors from negative balances in the occasion of unexpected adverse fluctuations in financial marketplaces.
The reliability and safety of Forex.com should meet the demands of even the most careful traders as the holding company is listed on the New York Stock Exchange, where dealings are regulated and overseen by the SEC, which maintains strict standards in the financial industry in the US.
Forex.com UK Review Conclusion
Traders who usage the Forex.com trading platform gain admittance to a large variety of trading tools from an international market leader in the foreign exchange business. Forex.com is an extremely regulated fx broker with a solid monetary base afforded by its parent company, which confirms the strictest regulations in the world for monetary investments and capital assets that permit for superior trade implementation using trustworthy trading platforms and tight spreads that allow traders to save money on broker commissions.
By the large variety of trading tools built into the Forex.com trading stage, traders can manage all aspect of their trading accounts, from opening accounts to studying, tracking and placing trades on a variety of universal financial marketplaces.
The expert investors and currency traders at our team invite you to share this Forex.com review with interested family, friends and colleagues and hope all will visit Topforexbrokers.com frequently for the most latest and reliable news and information in the universal realm of currency trading.