FOREX.com is an online broker that can service all types of traders but its emphasis on fast, reliable execution makes it a good fit for the high-volume trader who can earn rebates that would lower their trading costs, it is a verified forex agent that sparkles because of its broad item offering, amazing stage choices and exchanging apparatuses, and its choice of both in-house and outsider statistical surveying. While its evaluating isn’t absolute bottom, FOREX.com conveys an incredible encounter to forex brokers of all experience levels.
Forex.com has been an ever-present figure in the world of forex trading for quite some time, our review highlights some important aspects of the broker with the metrics set by us. Forex.com stands at an overall score of 4.67/5
Forex.com is authorized by legal authentic legislative bodies, meaning that they are an authenticated forex broker who can deal with foreign currency exchange throughout the world
In terms of authenticity our team found Forex.com following the standards of the world FX Market and is regulated as a secure broker in terms of trading online. Our team decided to score Forex.com 4.71/5 in this metric
The Standard record is the solitary alternative for MetaTrader customers and would not be my optimal decision. Normal spreads are higher at 1.4 pips (1.6 in the US) on the EUR/USD, in light of the average spread information gave to us by FOREX.com.
Universally accessible and attached to FOREX.com’s restrictive Advanced Trading stage suite, the DMA account offers organization execution and the most noteworthy likely limits at FOREX.com.
Additionally, attached to FOREX.com restrictive exchanging stages the Commission account requires a $10K store close by in any event $25M in month to month volume. It is intended for medium to high volume brokers looking for limits from FOREX.com’s Active Trader program.
With different options in account types with different types of offers and charges, the forex broker has been able to attract a lot of customers especially from the US, courtesy of the US exclusive account with extra benefits. The limitations for users from different parts of the world is something that the broker should take into consideration to expand its market, hence our team has rated 4.1/5 in terms of account types
FOREX.com gives forex brokers all they require, and the sky is the limit from there, to exchange successfully. Between the agent’s lead Advanced Trading work area and Web Trading stage, close by the full MetaTrader suite, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), there are a lot of alternatives accessible.
FOREX.com’s lead work area stage, Advanced Trading, is most appropriate for prepared merchants and accompanies a strong outlining bundle stacked with a huge determination of specialized pointers (139 aggregate), drawing apparatuses, and over 100 pre-characterized mechanized procedures. Specialized Analysis and exploration apparatuses are fueled by Trading Central and incorporate its set-up of Market Buzz, Technical Insight, and Analyst Views modules. I found the format very much planned and simple to utilize, yet rich with highlights. For purpose of examination, I discovered the Advanced Trading stage to be generally tantamount to FXCM’s restrictive stage.
Most appropriate for easygoing brokers, FOREX.com’s Web Trading stage makes it simple to peruse markets, direct exploration, and spot exchanges. Outlines are fueled by Trading View and come stacked with almost 100 markers, 14 time spans, and ten graph types.
While FOREX.com’s foundation suite is as of now vigorous and completed Best in Class (top 7) in our testing, the dealer additionally offers the total MetaTrader suite, including both MT4 and MT5. It’s significant that there are scarcely 600 instruments accessible on the merchant’s MT5 stage, contrasted with more than 4500 on its non-MetaTrader stages.
The trading platform research led us to some interesting things we came to know about the broker itself. Firstly the trading platform, it is the standard MT4 platforms with other additional web trading, but the enhanced trading platform is the one to go for. Although mostly for companies if you can get your hands on it you will be amazed by the aspect of trading you can accomplish with the help of it. We really enjoyed the UI design features with customization to the max available. For this we decided to score Forex.com here 4.85/5
With regards to finding out about forex exchanging, FOREX.com has almost 100 composed articles that are helpfully coordinated by experience level. The instructive substance goes from 19 novice articles (barring stage instructional exercises), 34 middle, and 17 for cutting edge clients. Generally speaking, I discovered the articles to be of acceptable quality and in-accordance with the business normal, however not exactly top tier.
Beside many stage instructional exercises accessible on its YouTube channel, FOREX.com doesn’t offer an extensive determination of instructive recordings. Video is the place where contenders like CMC Markets acquire a reasonable high ground over FOREX.com.
Education wise our team found Forex,com doing better than most forex brokers with a wide set of education material available both on their website and the trading platform. Quality wise they are quite good, but could be improved upon. While the video content is below par which is a shame as the forex broker has a lot to give but not providing to the customers feels like they care less about their users and more about engagement. With that in mind we decided to score 4.1/5 which arguably is a bit high
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Highly recommend this broker. They have the best overall services.
I am regretting working with forex.com, their charges are so high that you are left with nothing.
I have been trading with this broker for more than a year and I am very satisfied with their services. I receive daily and monthly reports with smooth execution.
The customer service of this broker is absolutely worse. I waited for 30 minutes on call for their agent and still was unable to get in touch with them.
Forex.com is just an average broker, they should upgrade their trading platform and must improve their customer services.