Forex.com Review

Forex.com is one of the most popular platforms where you get forex trading options. However, many other competitors provide a better option. Similarly, Forex.com is better than its competitors in different ways. So, if you are planning to start forex trading, then it is necessary to read this Forex.com review till the end. Here we will tell you everything about it.

Forex.com overview

Forex.com started in 2001, and now it has over 2 decades of market experience. It is the reason many clients consider it a reliable platform. Its global functionality and popularity add to that reliability as it serves over 180 countries with its services. It focuses not only on forex trading but also on many other trading options available.

Talking about the trading experience brings many features for both experts and beginners, making a good choice for everyone. Everything, including its features and user experience, make it an attractive choice. So, the last thing people worry about the safety, and here we will discuss that in detail in our Forex.com review.

Forex.com comparison with some world-leading trading platforms

Broker Rating out of 5 Trust score Minimum deposit Year founded
Forex.com 4.7 4.8 100 currency units 2001
IG 4.7 4.9 $300 1974
Interactive brokers 4.2 4.9 $0 1977
eToro 3.9 4.5 $10 2007
Ameritrade 4.0 4.7 $0 1955

 

Who is Forex.com for?

One of the most attractive things about Forex.com is that it is a perfect choice for all traders. Whether you have the expertise or are a beginner, you will always find a wide range of trading options. So, the opportunities to learn and earn through trading are not limited when we talk about Forex.com. On top of that, there are many features available to support your trading experience.

Pros and Cons of Forex.com

Forex.com comes with many pros and attractive features, but there are some cons. So, here are some pros and cons of Forex.com that you need to know before starting your journey with it.

Pros:

  • Secure and regulated platform
  • Wide range of trading products
  • The web platform comes with analytical tools
  • Good choice for high-volume traders.

Cons:

  • Website maintenance is subpar
  • Does not provide account protection for the US clients

Trading options at Forex.com

Forex.com comes with almost everything you can think of using a trading platform. Here is a list of options and trading instruments that you can access worldwide using Forex.com:

  • More than 80 currency pairs
  • More than 4500 stock pairs
  • EFTs
  • Cryptocurrencies
  • Gold and Solver
  • Bonds
  • Commodities, Sectors, and Indices

It is important to note that all of these may not be available in all regions worldwide.

Trading cost at Forex.com

One thing where you may find Forex.com a little complex in this Forex.com review is the pricing section. So, here we will discuss how is the trading cost at Forex.com.

Spreads and Commissions

To start with the spreads, you will note that they vary depending on the account type. Different accounts have different spreads that can range between 0.1 to 1 pips. In terms of commissions, there are different commissions as well, which range from $50 to $60.

Minimum deposit

Another unique thing about Forex.com is that the minimum deposit requirement here is 100 units of the base currency that you select. So, if you are going with UDS, the minimum deposit requirement will be $100, which might be a little hard to meet for some users.

Inactivity fee

Forex.com charges an inactivity fee, which is $15 per month after staying inactive for 12 months.

What is the trading experience at Forex.com?

The trading experience here is good because of how well the web platform is designed. With all the important details right in front, you will never miss anything important when trading. The best part is its integration feature that allows you to apply your trading strategies by integrating different third-party platforms.

Educational Material at Forex.com

Educational material is an important part of the Forex.com review. It is necessary for beginners who do not have any knowledge or expertise in trading. So, Forex.com provides learning material and top-notch features according to industry standards.

The content is very well organized so that anyone can pick what they want to learn according to their level of expertise. Similarly, different categories make learning a lot simpler. In terms of topics, Forex.com covers the following things:

  • Fundamentals
  • Technical analysis
  • Platform tutorials
  • Risk management
  • Trading strategies
  • Comprehensive glossary

Customer Service review of Forex.com

In terms of the customer service you get here, you can get online chatting and a live phone call option. However, there are some day and time restrictions which means that customer support is not available 24/7. Email support is also available, but most of the time, you will find the solution to your problem in the FAQs section, which saves a lot of time.

What should you look for when choosing your trading platform?

There is not a lot to look for when choosing your trading platform. However, some little significant details can make huge differences. So, whenever you are choosing any trading platform for forex trading or any other type of online trading, make sure to keep the following things in mind:

  • Easy withdrawal and deposit policies with lease fees are possible
  • Least minimum deposit requirements
  • Availability of the trading instruments that you are looking for
  • Market research and educational tool availability
  • Regulation with your country or region

You can be worry-free about selecting any platform with all of these qualities.

Verdict

Forex.com is a good platform for all types of online trading because of its wide range of features, benefits, and user-friendly options. The safety and reliability it brings with all the regulations make it even better. So, it might be the best choice for you, and we hope that this Forex.com review was helpful for you. However, it may not be the best choice for everyone because of some issues. In that case, you can read our Fusion Markets review as Fusion Markets might fulfill all your requirements in the best way possible.

forex.com Logo

Min $100 Deposit

Forex.com is currently one of the larger online brokers that is cornering the U.S online retail trading scene.

Leave a Reply