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Forex.com Review

Forex.com rating: 8 votes, average: 4.25 out of 58 votes, average: 4.25 out of 58 votes, average: 4.25 out of 58 votes, average: 4.25 out of 58 votes, average: 4.25 out of 5 (8 votes, average: 4.25 out of 5, rated)
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forex.com-logoForex.com is a division of Gain Capital Group, LLC, one of the most respected online forex brokerage companies based in the United States. The parent company Gain Capital is widely used by institutional investors and professional money managers alike.
Forex.com is a registered Futures Commission Merchant (NFA ID # 0339826) and a member of the National Futures Association. Since it is an FCM, it is regulated by the Commodity Futures Trading Commission.

Company’s Market Position

The Company’s trading platform along with its powerful real-time forex charts, professional forex market research and suite of advanced forex trading tools offers the traders the best possibility of achieving success in forex trading.
Demo accounts are available for practice. In opening a real account there are two possibilities. One is the Standard account with a leverage of 100:1 or 1% and this is suitable for active forex traders. Then there is the Mini account where the leverage is up to 200:1

Types of Services offered

The demo forex trader can be test driven for 30 days
Forex.com has a feature for providing a guided tour of the trading platform, and that is a good feature.
Forex trading can be started by opening an account with as little as $250
Forex.com provides a facility of dealing in 37 currency pairs with 1% margin for mini deposit of US $250 and 5% for deposit of US $2500.
The spreads are tight with 1-2 pips per trade and apart from that there is no commission leviable. This is for the most widely traded currency pairs.
With Forex com fractional pips, there is an extra digit of precision as you could take advantage of smaller price movements.
There is also an option for traders who prefer to trade in a fixed spread environment.

Trading Platform

Forex.com’s trading platform is known as the Forex trader
The platform provides a fully automated click and deal trading facility.
In order to afford the customer a good choice in terms of maximum flexibility, convenience, and speed, forex.com offers clients four different trading platforms to choose from. All the platforms provide the full suite of professional charting and order management tools on a single screen. As a customer you also have the option of using the same User ID and Password to switch between platforms at will.

The 4 different platforms are
forex trade java ~ Real time web based platform that runs on both PCs and Mac as well as on various web browsers.
Forex trader ~ Windows based platform with enhanced charting functionality.
Forex trader web~ Even if you are away from your computer you can use this platform to function in a highly secure environment.
Forex trader wireless~ you can use this platform to trade via internet enabled cell phone, PDA or Blackberry.

Trader Support

Interactive customer support is available 24 hours a day.
Contact numbers and addresses of offices are readily available at the website.
International toll free numbers for 13 different countries is also available.
Overall Forex.com offers great trading support

Site Design and ease of Navigation Comments

Overall this is a highly focused website enabling clients to access information and provides every tool to manage their investment accounts. Forex.com is indeed a very informative site.

Advantages

—Multilingual support 24 hours a day.
—Tight spreads.
—Contact details are readily available at the site.

Disadvantages

It takes some time to learn to navigate through this site. However, once you have gone through the options it becomes easier to use.

Write your own review of Forex.com

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9 Comments»

Comment by timothy
2008-06-05 10:44:34

Hello,

Gain Capital seems to be a predominant force in the markets,but at times their platform crashes,especially under vista. They seem to have good phone support however.A good company to deal with if you are a prudent investor.

timothy ratings for this post: timothy gives a rating of 2timothy gives a rating of 2timothy gives a rating of 2timothy gives a rating of 2timothy gives a rating of 2
 
Comment by dugan
2008-06-06 17:55:59

Getting an off-quote error is pretty common with them. Sure you can call them up but by then the opportunity is lost

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Comment by juke
2008-06-08 13:38:43

Probably using a MT4 platform I guess.

juke ratings for this post: juke gives a rating of 2juke gives a rating of 2juke gives a rating of 2juke gives a rating of 2juke gives a rating of 2
 
Comment by lawrence
2008-06-18 19:49:11

Gain got hit by fines from financial authorities months back—so you dont get to see them much in ads.Sometimes technicals arent good.Charting is pure junky.

lawrence ratings for this post: lawrence gives a rating of 2lawrence gives a rating of 2lawrence gives a rating of 2lawrence gives a rating of 2lawrence gives a rating of 2
 
Comment by victor
2008-06-20 19:28:31

Excellent fills and good customer support,everything else is same as anybody else.

victor ratings for this post: victor gives a rating of 4victor gives a rating of 4victor gives a rating of 4victor gives a rating of 4victor gives a rating of 4
 
Comment by anamika
2008-06-22 20:00:23

Check it up before u use this, rather get a good feel of the platform before you commit. I am still in demo range.

anamika ratings for this post: anamika gives a rating of 2anamika gives a rating of 2anamika gives a rating of 2anamika gives a rating of 2anamika gives a rating of 2
 
Comment by david blackson Subscribed to comments via email
2009-08-08 01:17:33

lost 2750.00 dollars the first week… charts suck so you dont make good judgement calls on buy and sell orders .. spread to high so you never get to a decent profit to square deal… one system for small investor another for larger investors… where does the money go that you lose> does any one make money at this job….went on a game program at another forex company made 5400.00 this week…it would be nice if it was real… are they really interested in just there pip spread or are they taking your money to…………

david blackson did not rate this post.
 
Comment by kevin
2009-08-22 12:04:05

I found Forex.com pretty well regulated by the authorities via FCM and NFA affiliation. These days, those are vital things to be looking out for, when solid companies elsewhere in the financial markets are falling by the wayside.
I tried the demo and it is pretty impressive with great real time forex charts. Their platform is called the forextrader. They have a way of giving a guided tour of the trading platform, which was very informative. But I was allowed to use the demo only for 30 days. 37 currency pairs can be traded at forex.com, and it is the spreads which are great, never exceeding 1-2 pips for all the majors. They have this unique concept of fractional pips by which you can take advantage of minute price movements. But I don’t know how this actually works. Interestingly you also have the option of working on a fixed spread basis. That apart the platform shows great speed, flexibility, and maximum convenience.
I was told standard accounts would give a leverage of 100:1, and mini account up to 200:1. The mini I think can be opened for as little as $250 and the regular for $2500. I think that their interactive support gives extra value for their platform which comes as four types, namely the forex trade java, the forex trader, the forex trader web, and the forex trader wireless. The last one of course, you could use it with your Blackberry.

kevin ratings for this post: kevin gives a rating of 4kevin gives a rating of 4kevin gives a rating of 4kevin gives a rating of 4kevin gives a rating of 4
 
Comment by winfred
2009-08-25 12:40:36

With these guys you can even use your Blackberry to trade.

winfred ratings for this post: winfred gives a rating of 4winfred gives a rating of 4winfred gives a rating of 4winfred gives a rating of 4winfred gives a rating of 4
 
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