Forex. com review

Forex Review.

Forex is a well-rounded solution with great combination of powerful tools, research, and pricing targeted at the forex market. All traders can benefit from their trading environment app store to customize every aspect of their platform.

Latest Update February 7, 2017.

On February 6th, 2017, FXCM reached a settlement related to the charges brought forth by the National Futures Association (“NFA”) and the Commodity Futures Trading Commission (“CFTC”) to withdraw from the US market. A non-binding letter of intent has been signed with GAIN Capital Holdings (owner of the retail brand Forex) to transfer all accounts at no expense to the customer. No date has been set for the transition yet.

Customizable platform taken to a whole new level.

All of Forex’s displays, tools, and reports are customizable, enabling you to set things up so everything you need is where you need it, when you need it. You can even use partner apps for further customization. Tradable, available only from Forex, is an app store that enables you to fully define the feature set of your trading environment. Another example: Set your Autochartist pattern recognition charts and trading software to match the opportunities you see in the market and execute trades how you want to.

One of the most complete mobile solutions on the market.

Forex’s mobile solutions for iPad, iPhone, and Android are engineered to give you all the same tools as the full version. Their mobile apps don’t skimp on sophisticated features such as advanced orders, which are important on the go because it enables you to cancel orders with other trades, create conditions for trades to be placed, and use trailing stops for profit taking. Additionally, educational videos on the apps offer you the opportunity to learn to trade forex from anywhere, anytime.

Transparent ECN pricing cuts out the middleman.

Forex brokers are moving toward a more transparent Electronic Communications Network (ECN). Forex’s system removes the middleman for trades, increases transparency, and lowers trading costs. Many other brokers offer something similar, but some such as eToro and Oanda still use less efficient Dealing Desk or Market Maker models, which tend to have conflicts of interest.

Diverse research for the fundamentally minded trader.

If you tend to trade for the longer term and take advantage of fundamental news and analysis, Forex is for you. Daily, weekly, and quarterly research reports are published from outside sources as well as a full-time, in-house analyst team. Use fundamental reports with Forex published technical indicators and pivot points to execute a well-timed entry point.

Other investment products limited in the U. S.

U. S. traders who enjoy Forex tools and customizable platforms may be surprised to learn they cannot enjoy the same conveniences to trade other products. Stock, futures, or options trading are not available for any client, although some CFD products are available for overseas clients. Clients looking for diversification can try thinkorswim or MB Trading.

The Details.

Forex Trade: $13 Forex Trade Cost Type: Pips Futures Trade: N/A Minimum Deposit: $500 Options Trade: N/A Stock Trade: N/A.

Clearing Method: ECN Maximum Leverage (International): 50:01:00 Maximum Leverage (U. S.): 50:01:00.

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Account and Portfolio.

Account and Portfolio Information refers to the data and display options associated with the financial account and transaction information of a forex account. All of the best forex brokers will update account information in real time, display account balances, and provide history reports and statements. While Account and Portfolio Information is relatively important, it’s safe to assume that most forex brokers offer the most important features. An investor who requires specific portfolio reporting features may want to take a harder look at the features in this category.

Most important account and portfolio features.

Account History Reports – You can create reports or view statements of your portfolio or account information. Download Statements – You can download your account statements. Export Data – You can export your portfolio or account data. Gain/Loss – You can run gain and loss reports for tax planning. Order Status and Balance – You can quickly view your current trading positions, open orders, and account balance. Real-Time Updates – Your account balances update in real time.

Cross Currency Pairs.

Cross Currency Pairs includes secondary currencies traded against each other and not against the U. S. dollar. Examples include EUR/JPY, EUR/GBP, and CAD/JPY. This category represents another set of highly traded currency pairs that most reputable brokers offer. The Cross Currency Pairs category is especially important for a forex trading account denominated in a currency other than the U. S. dollar, or for more advanced traders exploiting discrepancies between other economies.

Most important cross currency pair features.

AUD/JPY – The broker offers trading in the Australian Dollar vs. Japanese Yen currency pair. CAD/JPY – The broker offers trading in the Canadian Dollar vs. Japanese Yen currency pair. CHF/JPY – The broker offers trading in the Swiss Franc vs. Japanese Yen currency pair. EUR/AUD – The broker offers trading in the Euro vs. Australian Dollar currency pair. EUR/CHF – The broker offers trading in the Euro vs. Swiss Franc currency pair. EUR/GBP – The broker offers trading in the Euro vs. British Pound currency pair. EUR/JPY – The broker offers trading in the Euro vs. Japanese Yen currency pair. GBP/CHF – The broker offers trading in the British Pound vs. Swiss Franc currency pair.

Major Currency Pairs.

Major Currency Pairs are the most important, most traded worldwide currency pairs available through a forex broker. These pairs consist of currencies from the world’s most developed economies including Europe, Japan, Canada, and Australia. A major currency pair is created when one of these currencies is traded against the U. S. dollar. Examples include EUR/USD and USD/CAD. Major Currency Pairs is an important category because these pairs represent the most heavily traded and liquid currency markets in forex trading.

Most important major currency pair features.

AUD/USD – The broker offers trading in the Australian Dollar vs. the US Dollar currency pair. EUR/USD – The broker offers trading in the Euro vs. US Dollar currency pair. GBP/USD – The broker offers trading in the British Pound vs. US Dollar currency pair. NZD/USD – The broker offers trading in the New Zealand Dollar vs. the US Dollar currency pair. USD/CAD – The broker offers trading in the US Dollar vs. Canadian Dollar currency pair. USD/CHF – The broker offers trading in the US Dollar vs. Swiss Franc currency pair. USD/JPY – The broker offers trading in the US Dollar vs. Japanese Yen currency pair.

Trading Technology.

Trading Technology encompasses all technology that enables the execution of a trade as well as tools to simplify trading or execute advanced strategies. The Trading Technology category includes a spectrum of features, from alerts and real-time quotes to the more advanced features such as automated trading and conditional orders. Trading Technology is one of the most important categories when considering a forex broker because the ability to execute a chosen strategy is highly important when forex trading.

Most important trading technology features.

Alerts – You can set up personalized alerts for your portfolio. Automated Trading – You can place trades by setting automated triggers. Conditional Orders – You can place orders that, when executed, immediately triggers or cancels another order. Customizable Interface – Layout and features of the trading platform can be customized and changed. In Chart Trading – You can use the charting tools to actually place trades. Real-time Charts – Real-time updating charting tools are available through the broker. Real-time Quotes – Up-to-date price quotes are available in real time.

Customer Service and Support.

Customer Service and Support is the availability of the forex broker’s support channels. The forex brokers with the best support are available during all trading hours through multiple channels including live chat, , and phone. Some of the top forex brokers also have retail locations where you can speak to someone in person. Support especially matters for online forex trading because forex markets trade around the clock, necessitating access to support at all hours.

Most important customer service and support features.

– You may access customer support by . Live Chat – You may access customer support by live chat. Phone – You may access customer support by phone. Trading Hours Support – You may access customer support during the majority of trading hours.

Mobile Trading.

Mobile Trading is the ability to access a trading account using a mobile device. Mobile Trading encompasses the availability of dedicated apps for a variety of devices, the functionality of the features within the mobile app, and how users have rated the application. Mobile trading continues to grow in importance as the quality of applications improves to meet the demand for high-performance, on-the-go trading tools.

Most important mobile trading features.

Android – The broker provides an app for Android devices. BlackBerry – The broker provides an app for BlackBerry devices. Create Alerts – You can create alerts with one or more of the mobile trading applications. Favorable App Store Reviews – Three or more stars have been awarded to the broker’s iPhone app from users in the Apple App Store or Google Play. iPad – The broker provides an app for the iPad. iPhone – The broker provides an app for the iPhone. Mobile Research – Research features are available using one of the mobile applications. Mobile Website – The broker offers a separate mobile website for accessing your account from a mobile web browser. Place Trades – You can place trades using your mobile device. Portfolio Tracking – You can track your portfolio using a mobile device. Streaming Quotes – Streaming quotes on mobile devices are available.

Research is the resources that a forex broker provides to their clients to help them make decisions and understand market activity. The research provided by the best forex brokers include advanced charting capabilities, third-party research, research reports, and market commentary. Forex trading can be highly computer driven, and some forex brokers offer traders access to historical data so they can back-test strategies before allocating real money. Research is an important category for traders who are looking for assistance in making decisions as well as independent traders who are seeking confirmation on a trade or a second opinion. Some of the more self-directed brokers offer less research amenities because they cater to more advanced traders who pay for third-party research.

Most important research features.

Charts – You have access to charts so you can conduct research on investment products. Historical Data – The broker gives you acess to historical exchange rate data. Market Commentary – You have access to market commentary from outside experts. News – You have access to daily market news and updates from third party services. Research Reports – The broker provides you with various research reports.

Trading Platforms.

Trading Platforms covers the different software platforms available for forex trading provided by the broker. Trading Platforms can differ based on a trader’s needs and are often categorized as a standard or professional platform. Additional platforms include mobile platforms to execute trades on the go and virtual platforms to test strategies without risking money. Trading Platforms is an important category if a trader is looking for a forex broker that can meet the trader’s needs as they change.

Most important trading platform features.

Mobile – The broker offers a platform to execute trades on a mobile device. Professional – The broker offers multiple platform levels including a professional platform. Standard – The broker offers multiple platform levels including a standard platform. Virtual Trading – The broker offers a virtual account for customers to practice trading without risking any actual money.

Introductory Offers.

Forex brokers often offer promotions to attract a prospective customer. Examples of incentives include introductory offers for opening an account and customer referral programs. Others offer free trading demos so traders can practice forex trading before committing to the broker. Incentives aren’t considered very important because they’re generally not related to the actual services of the broker, but it can be nice for some customers to be aware of the potential bonuses as they make a decision between two forex brokers.

Most important introductory offer features.

Free Demo – You can access a free trading demo so you can try one of the trading platforms. Referral Program – You can be rewarded for referring a friend to the broker. Special Offer – Special offers for new traders who open an account are available.

Other Investment Products.

Other Investment Products consists of other investment products a forex broker makes available for someone to trade. Other Investment Products include stocks, futures, options, and CFDs. This is a less important category because most forex traders are highly specialized, but it can be a more important category for professional traders with expertise across multiple products.

Most common investment products.

CFDs – The broker provides other instruments settled as Contract for Difference Futures – The broker provides trading of some futures products. Options – The broker provides trading of some options products. Stocks – The broker provides trading of some stocks.

Trading Education.

Education is all of the resources an online forex broker provides to help their clients learn about forex trading and navigating the platform. A forex broker that excels in the Training Education category regularly offers webinars and videos so traders can advance quickly, learn new concepts in forex trading, and easily get accustomed to the broker’s platform. Additionally, the best forex brokers provide a superb trading community to facilitate the exchange of trading ideas. Education is less important to an advanced investor, but a beginner benefits greatly from the courses and webinars offered by most forex brokers.

Most important trading education features.

Courses – You can access educational trading or investment courses from the broker. Glossary – A glossary of important investment terms is provided by the broker. Live Seminars – You can attend live in-person seminars around the country from the broker. Trader Community – You have access to an online community to have discussions and share advice with other traders. Videos – You can view training videos on the broker’s platform. Webinars – Webinars are available to help you learn about investment products.

All Forex Trading Reviews.

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FOREX Review 2017.

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FOREX Review.

Forex Review.

Forex is currently one of the larger online brokers that is cornering the U. S online retail trading scene. The trading platform is owned and managed by a holding company known as GAIN Capital which is in direct competition with FXCM for the domination of the U. S market. Highly regarded by many traders for their integrity, Forex is definitely one of the better online forex brokers for traders to partner with.

Some of the benefits which traders can derive from their association with Forex include free education, Expert Advisors (EAs) hosting, tight spreads, free market research and 24/7 customer service.

Forex Video Review.

Forex Reliability – Is Forex a Scam?

A brand name belonging to GAIN Capital Holding Inc, Forex is a leading online forex and CFD trading platform. Founded in 1999, Forex has over 16 years of experience of providing trading services to retail traders. In addition, the holding company GAIN Capital Holding Inc which is listed on the New York Stock Exchange (ticker symbol GCAP) is well capitalized with a total asset value of $1.397 billion. Their total customer equity as of 31 st March 2016 is $876 million. With available cash and liquid assets holding amounting close to $200 million, traders at Forex never have to worry about their broker facing a liquidity problem.

Apart from having strong financial resources behind the brand, clients of Forex enjoy the benefit of a broker that is regulated in multiple jurisdictions and operates with a high standard of corporate governance. Principally, Forex’s main office is located in the United Kingdom at Park House, 16 Finsbury Circus, London. This puts the operation of Forex under the jurisdiction of the UK’s Financial Conduct Authority (FCA). For traders, one of the key benefits of being regulated by the FCA is the fact that the brokers under the FCA jurisdiction operate within strict regulatory guidelines.

Under the oversight of the FCA, brokers like Forex are required to release regular financial reports and conduct annual audits for an independent auditor. These reports are used to verify that the brokers keep their client funds in segregated accounts in FCA approved tier 1 banks. This requirement is to ensure the brokers do not abuse the clients’ funds and use the funds to cover the broker’s own operational expenses. In other words, clients of FCA regulated brokers such as Forex enjoy a higher level of protection for their money. In addition to all the above mentioned safety measures provided under the oversight of the FCA, by dealing with regulated brokers, traders also get to enjoy coverage under the Financial Services Compensation Scheme (FSCA) for up to 50,000 pounds. In short, with FCA regulated brokers such as Forex you get maximum protection for your money.

As mentioned earlier, Forex is also regulated in several other jurisdictions by several other regulatory agencies such as:

Australian Securities and Investments Commission (ASIC) Canada’s Financial Services Agency (FSA) Commodity Futures Trading Commission (CFTC), the Investment Industry Regulatory Organization of Canada (IIROC) National Futures Association (NFA) Securities and Exchange Commission (SEC) Securities and Futures Commission (SFC) in HK.

In conclusion, considering the tight regulatory oversight that Forex is under and their operational history spanning over a period of more than 16 years, traders can be confident that they are dealing an extremely reliable broker.

Trading Platforms.

At Forex, there two main types of trading platforms:

MetaTrader 4 (MT4)

Regarded as the industry standard platform for online forex trading, the MT4 platform is packed with features and tools and even allows traders to customize it for automated trading. With the MT4, traders also get to access more than 30 types of CFDs and 45 forex markets.

FOREXTrader PRO.

The FOREXTrader PRO platform is a web based trading platform which is fully customizable. The platform is designed specifically for trading forex and features a wide array of advanced trading tools such as pattern recognition software, signal and an advanced charting package.

Both theMT4 and FOREXTrader Pro are available as a downloadable version to be installed on standalone PCs or mobile devices.

GTX ECN Platform.

For traders who qualify, they can gain access to GAIN Capital’s GTX ECN platform. The platform is especially suited to high net worth professional traders and institutional clients. With GTX Direct, traders will have the benefit of ultra tight spreads, transparent pricing and deep liquidity.

Account Types.

As for the trading accounts at Forex, traders can choose between a standard trading account or a Premium account. The minimum initial deposit required for a standard account is £/$500. However, traders are recommended to deposit $3000 to be able to access the full range of tradable instruments. Premium account require a higher amount of £/$25,000 to open.

Commission & Spreads.

Like all online forex broker, Forx does not charge any commission for their services. Instead, Forex earn by adding a spread on top of the prices that traders get from the market. The spreads charged are variable and competitive. They start from as low as 1.2 pips for major pairs like the EUR/GBP. For even more competitive spreads, traders can opt to trade through the GTX Direct ECN platform.

Customer Support.

Committed to helping their clients succeed, Forex provide their clients assistance on a 24/5 basis. The support team can be contacted by means of:

Global Market Leader Option To Trade With ECN Platform Regulated Broker Solid Financial Backing With Listed Company Behind Superior Trade Execution With Reliable Platforms Tight Spreads.

Conclusion.

Forex is a well known broker in the forex retail market. They have proven themselves to be a broker who is dependable and reliable. Apart from being a regulated broker, traders are provided with superior quality services and products to work. In our books, this broker comes highly recommended.

FOREX Overview.

Company Information.

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Contact Information.

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FOREX Trading Features.

Suitable For.

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FOREX Reviews.

ive been having my stop losses hunted for a while. i went down $200 within a week with same trades with another broker. not to be trusted in my opinion. if you happen to get lucky and trade without being b booked. awesome. I just wouldnt recomend.

This broker is an excellent broker with a wonderful customer on-line support,

good trading platform and low spread.

I will definitely recommend it to anyone. Good trades everyone!

Great Broker'm positively surprised about the fast processing of my Accounting.

Support is also available on weekends. Short waiting times . Toiler support.

Thank you Capital One Forex!

Capital One Forex is responsive and offers a No Deposit Bonus for new traders to try their hands in the Forex market.

Capital One Forex is a fantastic broker. They offer a no deposit bonus to new clients and their margins and the leverage on forex pairs is very competitive.

I personally recommend this broker and the use of MT4 is made very easy to use with their accounts. Offering an edge against other brokers and traders.

FOREX Review Visit site.

FOREX are forex brokers. FOREX offers the MetaTrader4 and GTX-Forex ECN top forex trading platforms. FOREX offers over 40 currency pairs, gold, and silver for your personal investment and trading options.

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Let other traders know if this service is worth checking or should be avoided.

Your feedback matters!

Forex, worst broker ever.

I got shoved to forex when fxcm went out of business, i was somewhat satisfied with fxcm though my account was small, which i will address later in this review. Forex it arguably the worst forex provider i have ever experienced. Their platform is pure garbage , it is the worst platform i have ever used. After the past few months of using it, i understand why they use it! When entering or closing a trade, the slippage is no less than 2 to 4 pips. their spreads only worsen the situation. But it's the blatant slippage that is infuriating, and how have i come to this conclusion ! I run several platforms simultaneously and watch every move in a given pair to the .001 pip. Since they are a market maker, they think they are smart by hiding the slippage with the retarding of the price action within their platform. It is not smart, but instead it is pure deceit, and should be actionable in a court of law.

I decided years ago, that if I wanted to be successful as a FX trader, I needed to have a foreign account. Since americans are so stupid, we are not allowed to open account with foreign brokerages, and they are not allowed to have us either. Well, since am not a serf or subject, and i have a residence overseas, i have opened an account with a top swiss broker! Until american traders are allowed to open foreign accounts, with that ability to hedge trades and have reasonable leverage, generally in the 100:1 range, they will never be successful. Until american traders do not have to use "so called brokers" such as forex , only then can they expect to be successful. Until the regulations are changed, american traders can expect nothing but failure.

I have a lot of reservations about even submitting a review, because i demand anonymity in my life. but sooner or later we all need to speak up, and as i trade basically nothing with us brokers, i took a low 6 figure account to the mid 7 figure range with my foreign broker.

In closing, forex is the worst broker and criminal in the way their platform steals from traders with retarded price action and slippage.

Use FXCM do not use FOREX, COM.

But this broker has been nothing but fair to me. So I feel I do owe them a review.

They have helped me for hours on the phone and have very professional support 24 hours a day. It's the best choice for American customers (one of 2) and the offshore brokers are NOT safe IMHO and 200:1 leverage is plenty! Happy camper.

DO NOT USE FOREX UNLESS YOURE INTO GIVING AWAY YOUR MONEY FOR FREE!

It is impossible to gain access to a ledger of transactions on their web terminal. I contacted customer service told them there had been some odd transactions in my account and I was unable to access a record on their platform. Customer service forwarded me to a record of transaction data on an unsecured website - not https. The dealer rate for the questionable transaction is wrong. It was like a cherry picked number. The times were off. I use wireshark while I trade. I captured packets and screenshots. Weird stuff. Even if it wasn't anything fraudulent their tools are weak. I didn't even get into the FXCM stuff.

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Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.