Thursday, July 11, 2013

Forex.Com Review

Today we will take a look at a very mature and well established forex broker; Forex.Com. They have been around for a very long time and are a very stable and reliable forex broker. Being owned by Gain Capital does not hurt either. Before we dig a bit deeper into Forex.Com, let us mention the obvious negative here; they are a U.S. based broker which means they have to operate under the idiocy of the U.S. regulatory system.

This handicaps Forex.Com, but the good news is that being owned by Gain Capital this forex broker has a few intelligent people behind it and they set up operations in the UK as well. This does not really help their U.S. clients but for everyone else it is a positive factor. The best would be if Gain Capital follows smart money and closes down its U.S. operations while moving their headquarters into the financial capital of the world; London.

Their website is designed as we would expect a mature broker to present themselves which is in a very professional manner. All their accounts bolster a minimum deposit of $250, but we always recommend operating an account with no less than $1,000. They offer a range of great trading platforms which are:
  • MetaTrader 4 – They have improved this platform and made it much better than the out-of-the-box solution offered by many other forex brokers
  • ForexTrader Pro – This is a much higher quality trading platform for serious forex traders and fully customizable; a much better alternative to the MetaTrader 4 platform
  • GTX – This is Forex.Com’s ECN platform for all the ECN trader’s out there and is an acceptable solution, but inferior to cTrader
  • Trade – This is their brand new trading platform and may be their crown jewel from what we can tell; it is an excellent trading platform and professional as well as retail traders will find it quite user-friendly and easy to integrate

Forex.Com offers over 300 currency pairs, equities, commodities, bonds and interest rates and makes it a good addition to a serious and professional trader’s overall trading repertoire. Overall this forex broker offer tight spreads, great customer support and a fantastic parent company. An almost must-have for all serious traders and we recommend having one open account with Forex.Com which made it to the top of our Mature Forex Brokers list.


As mentioned above, the only negative we have to report is that they are regulated in the U.S. which is about as bad as it gets. The fact that they were smart enough to set-up shop in the UK makes up for their handicap. A fantastic range of trading platforms with very competitive pricing and over 300 assets to trade there is very little reason not to have at least one account open with Forex.Com. We give this forex broker two claws up; the Last Bear has roared!


They used to offer Ninja Trader, a shame they let that go... IMHO, everything else is shit.

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