Overview of successful brokers: Forex.com

All modern brokers who are participants in the global financial market can be divided into three categories:

● Doubts about reliability (there are a lot of negative reviews on the Internet, there are examples showing that the company has not fulfilled its obligations).

● Proven in practice that they always keep their promises and contract terms.

● Brokers who do not need to prove something. Their status is a 100% guarantee of reliability and high professionalism.

The latter category includes the well-known broker Forex.com among the participants in the global financial market. As a subsidiary of GAIN Capital Group (a financial group providing services in 140 countries), as well as a member of the Futures Commission, this broker does not need other recommendations. This opinion of many authoritative experts on online trading fully confirms the practical experience.

Of particular interest is the above information for traders who are looking for a promising company that provides access to financial assets on the world market. Let us consider in more detail the main advantages and disadvantages of the presented trading platform. This will help determine whether Forex.com is suitable for the average trader for successful and profitable trading.

What attracts Forex.com traders?

The presented company was established in 1999. Having worked in the financial markets for almost 20 years, the broker has gained more experience in this field of activity and has studied the main features of online trading. The company’s services are in great demand with professional traders, financial managers, consultants, large investors, as well as customers who use the trading platform as an additional source of profit. One of the main issues of interest to potential users relates to the level of site security. Can the broker be trusted with personal information and funds?

Customer safety

The application used at Forex.com and the sites tested in practice ensure uninterrupted operation of the trader and high-quality execution of the tasks set by users. Every client of the company can check the rating and potential capabilities of the broker (and hence its level of security) at any time by visiting the independent website of the National Futures Commission. Another way to protect the funds of traders is to deposit deposits in separate accounts in reputable banking institutions.

Technical specialists claim that the resource infrastructure is designed for round-the-clock trading at a 100% level of operation of all platform systems. In case of any malfunction of the site or other unusual situations, contact the broker’s support service (it works 24 hours a day, except Saturday and Sunday).

For many of our compatriots, the main obstacle for effective work on the presented trading platform is the lack of a Russian version of the web resource (only English and Chinese versions are provided). Therefore, before registering a login on Forex.com, thoroughly study the official website and assess your capabilities as to how this broker suits you personally.

Who regulates broker activity

The trading platform registered in London is controlled, first of all, by a reputable British organization, the UK Financial Services Authority (FSA). The broker also has documents permitting the provision of financial services from the following organizations:

● ASIC Australia;

● CFTC / NFA USA;

● FSA Japan.

Only on the basis of licenses provided by the above organizations, can we conclude that Forex.com broker is reliable. Even if there are any inconsistencies or irregularities in the company’s reports, the supervisory authority may select documents authorizing the provision of financial services.

Training

On the broker’s web resource, there is an opportunity to go through full-fledged training and get the knowledge necessary for working on the site. This can be done independently or under the guidance of a specialist, as well as special courses have been created on the site, aimed at a deeper study of a particular industry.

Demo accounts developed by Forex.com experts allow beginners to practice to consolidate their knowledge. Novice traders receive 50 thousand virtual British pounds, which can be used to conduct real financial transactions. This feature is designed for 30 days of work. This allows new users to check the basic functionality of the broker and choose the optimal scheme for conducting real financial transactions.

Key parameters of the Forex.com trading platform

In addition to the training broker web resource, there are 2 types of other accounts intended for real trading:

● Mini.

● Standart.

The first is for beginner traders and is designed for small transactions. The second, created for professionals, large investors, financial managers, etc. (the minimum deposit for this type of accounts is $ 2500).

Trading Conditions

If you look at the reviews compiled about Forex.com, without focusing on when they were written, you will notice some of the differences in these works. But this is connected with the development of the global financial market, so it cannot be argued that one review is correct, and the other is not true. You should always “tie” specific indicators to a certain period of time.

To date, current trading indicators are:

● The minimum deposit amount is $ 250.

● Currency accounts – British pound, euro, US dollar and Swiss franc.

● Leverage – from 1 to 200.

● The minimum section of the transaction – 0.1 lot.

● “Islamic” account – no.

● Registration Bonus – none.

Deposit and withdrawal

In order to perform cash deposit / withdrawal operations, the trader must use the corresponding function in his personal account. For these purposes there are: bank transfer, plastic cards (debit and credit), as well as the payment system Sofort banking, which operates in some European countries. We can confidently say that some reviews compiled about Forex.com, claiming that the administration of the trading platform needs to work in this direction, are completely untrue.

Assets

The following tools are offered to broker clients for trading: currency pairs, stock indices, raw materials, precious metals, as well as CFD contracts for these tangible assets.