FOREX.com ranks as the number one U.S. forex broker by client assets & operates efficiently in India. It is regulated by the U.S. National Futures Association (NFA) and the Commodities Futures Trading Commission (CFTC). The broker is also registered and has oversight from regulators in the U.K., Australia, Japan, Canada, Hong Kong, Singapore and the Cayman Islands. Here I am publishing the unbiased Forex.com Review on this page.
Forex.com is one of the largest online retail forex & CFD broker holding the Rank 1 on our Best Forex Broker in India list. They facilitate access to over 180 global markets, including forex pairs, stocks, indices, cryptocurrencies and commodities through their trading platform. Our Forex.com review will examine all aspects of their trading platform offering.
Must Read: Best Forex Brokers in India
Forex.com Trading Platforms
Trading platforms offered by Forex.com are web-based and can be downloaded to a desktop or mobile. FOREX.com also provides its customers access to the company’s proprietary Advanced Trading Platform for desktop users who prefer to trade via web-browser. Here is the list of available trading platforms on Forex.com:
- Advanced Trading Platform
- Web-Based Trading
- Meta Trader 4 and 5
- Mobile Apps
A trader who wants to trade at FOREX.com requires a minimum deposit of $250 USD. The forex broker lets you trade micro-lots if your preference is to start trading with smaller amounts. FOREX.com also offers the MetaTrader 4 and 5 platforms from MetaQuotes and NinjaTrader.
Commissions & Spreads
Forex.com does not charge a fee on forex trades from its customers. But, they are compensated via the spread. When it comes to some of the largest forex pairs and shares, the brokers have average spreads. But the broker offers below-average costs for index and commodity CFDs to its customers. Spreads start as low as $1 But vary based on only on trading volume.
Methods of Payment
Once you complete the signup process with Forex.com you will have to fund your account. There are three deposit and withdrawal options available on the broker’s platform:
- Debit card
- Credit card
- Wire transfer
For most of the traders Forex.com offers two types of accounts:
- Active Trader Account
- Demo Account
Accepted Countries on Forex.com
Forex.com accepts traders from the following countries:
- United States
- United Kingdom
- South Africa
- Hong Kong
- United Arab Emirates
- Saudi Arabia
- Qatar and most other countries.
- Forex traders located in the United States
- MetaTrader 4 users
- Beginner forex traders
- Active forex traders