Forex.com was founded in 2001 as a forex and CFD broker. Having it recognised globally means that the broker is overseen by tier-one authorities, including the Financial Conduct Authority (FCA) and the Commodity Futures Trading Commission (CFTC). Simply put, Forex.com is a trusted broker.
- Over 4,500 instruments for trading with.
- Has a Direct Market Access account with spreads from 0.1 pip.
- MetaTrader 4 and 5, primarily recommended to traders looking for advanced trading tools and features.
- +90 currency pairs and spot metals.
- Limited product portfolio.
- High CFD fees.
Forex.com – Who Are They?
Forex.com is one of the most preferred forex and CFD brokers globally. This is because of its superior order execution speed, which is essential when trading highly volatile assets. In addition, the security it provides traders is another reason it is among the best forex and CFD brokers globally.
You can open a trading account on Forex.com with simple steps that take a few minutes. The trading platform for this broker is easy to use and customisable, allowing all traders – whether newbies, intermediate, and professionals – to enjoy their activities.
The minimum amount to deposit on Forex.com is $100. Making deposits and withdrawals of trading funds is also free of charge. What’s more, forex trading charges are among the lowest in the industry. Undoubtedly, Forex.com is a good broker for active traders and those on a low budget.
Finding a broker with excellent trading tools is not easy, and Forex.com excels in this category. You will access great interactive charts, economic calendars, a news feed, quality market reports, and trading ideas to help you build your trading capabilities even more.
Compare Forex.com With Other Brokers
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Our Opinion About Forex.com
We like the educational resources that Forex.com provides. These include learning videos, articles, glossary, and trading knowledge quizzes, which are used to analyse your skills and figure out if you are developing your trading skills even further.
New traders should first try practising forex trading and how this broker works on its demo account. Loaded with $10,000, you can practise analysing markets and place as many trades as you like. Then, once you are confident with your skills, you can open a live trading account and try your luck.
Forex.com’s 4,500+ offerings on forex and CFDs will allow you to diversify your portfolio across various markets. All the above features on a user-friendly platform will give you one of the best forex trading experiences.
Note that, like other brokers, Forex.com has its drawbacks. The trading assets offered are limited since you cannot trade real stocks, commodities, cryptocurrencies, and more. In addition, The broker has an inactivity fee of $15 monthly should you fail to trade for over 12 months.
Ultimately, Forex.com is a good broker, and any trader will have a great experience with it. Therefore, create your demo account and start practising. You can also download the trading app so that you may also be able to trade on the go.