Forex Overview

FOREX.com is a London-based brokerage company that, since 2001, provides access to more than 300 trading products, including currencies, stocks, commodities, indices and cryptocurrencies markets.

Among other brokers, FOREX.com are the most regulated. They are licensed by the Canadian Investment “Industry Regulatory Organization” (IIROC), Japanese “Financial Services Authority” (FSA), Australian “Services and Investments Commission” (ASIC), Cayman Islands Monetary Authority (CIMA), US “Commodity Futures Trading Commission” (CFTC), and they are members of the “National Futures Association” (NFA).

Expert Review

FOREX.com is a subsidiary of GAIN Capital Holdings Inc, which specializes in providing online trading services worldwide. GAIN Capital is a public company listed on the New York Stock Exchange (NYSE: GCAP) and therefore is regulated and hold all corporate governance and financial reporting standards.

As of Q4 2019 total assets of GAIN Capital Holdings reached $1.350,4 billion US dollars and $53,3 millions in Net-revenue.

Account Types

Three types of accounts are available to customers:
“FOREX.com account” does not have transaction fees, and the only costs are spreads. In addition, this account provides modern convenient trading platforms that can be configured to trade forex, stocks, cryptocurrencies and other instruments.

The second type is “MetaTrader Account”, which provides the world number one trading platform MT4. This account is also commission free with only costs being the spreads on every trade.

The third option is “DMA Account”, which is perfect for high-volume trading. This account provides direct pricing from top liquidity providers with volume-based discounts. Possibility to trade all major forex pairs on prices as low as 0.1, commission discounts, spread splitting and other features available to professional traders.

Trading Platform

FOREX.com provides several platforms:
‘Advanced trading’ is suitable for experienced traders and have very sophisticated features and advanced analytical tools. It has over 80 technical indicators and customizable interface.

Web trading platform is designed to provide high performance and speed across all browsers. It has over 70 technical indicators and over 50 drawing tools, as well as market commentary and analysis features.

Mobile trading platform is suitable for iPhone and Android and have very easy intuitive interface.

Last option is well known Meta Trader 4, available as desktop, web and mobile version. It has Auto Trading feature as well as integrated Reuters news and FOREX.com research.

Deposit & Withdraw

IC Markets accept credit card, debit card, PayPal and bank transfer.

If you want to deposit funds by credit or debit card or bank transfer, then there will be £100 (or equivalent) minimal deposit. IC Markets don’t charge any additional fees.

There £50 (or equivalent) minimum on PayPal deposits.

Markets

IC Markets provides access to over 300 trading products including over 80 currency pairs, 220+ equities, commodities, indices and even cryptocurrencies with fixed spreads and low margin.

Customer Support

There are 24 hours a day 5 days a week customer support.

Their specialist can help with account opening and funding, providing you with information about platform resources, webinars and videos. They can even make a personalized platform walkthrough and help you to develop your trading plan.

Safety

FOREX.com is part of GAIN Capital Holdings, which is listed on NYSE.

Addition to that Forex.com is highly regulated services provider and hold licenses with Financial Conduct Authority (FCA), IIROC, FSA, ASIC, CFTC and CIMA.

Clients’ funds are held in segregated money accounts by top-tier banks and cannot be used to pay out company’s debts or other expenditures.

Forex.com clients are eligible for the Financial Services Compensation Scheme, which offers cover up to £50,000 in the unlikely event a firm becomes insolvent or ceases trading.

Final Thoughts

Forex.com is well known as respected company between financial market providers. It holds leading positions and one of the safest forex-broker in the world. It has low fees, range of different tradable instruments, and high-quality research tools.