BEST META TRADER 4 BROKER - Forex.com Review

Photo: Forex.com

Overview

Forex.com is a noble forex trading company that operates under the umbrella of GAIN capitals. Forex.com was established in 2001 and ever since it has managed to draw a lot of clients from all over the world. The long period that it has been in operation has granted it some level of experience in dealing with different clients and gives each the best experience he or she can get.

Features

• Traders from the USA
• Provision of a VPS server
• API capabilities
• OCO orders
• Web-based platform

Trading Accounts

Trading Features:

• Scalping
• Hedging
• Trading with expert advisers
• Trailing stop
• Trading 24 hours a day

The Forex.com Standard Account

The Forex.com standard account is the normal trading account that is suitable both for new traders and also experienced traders. The standard account will come with the following features and perks to the account holder.

• Ultra-competitive spreads.
• No commissions of foreign exchange trades.
• Access to more than 200 markets including fx pairs, shares, cryptos, indices and commodities
• Access to professional help from their qualified personnel.

The Forex.com Commission Account

This is an account designed to meet the standards of professionals in the forex exchange trade. The commission account offers among the tightest and most lucrative spreads as low as 0.2 plus a $5 commission per 100k on forex trades. Among the features and benefits of a commission account include:

• Tight spreads as low as 0.2.
• Charges a $5 commission per 100k.
• Access to integrated trade ideas from premium third-party trader resources.

The Forex.com Demo Account

The demo account is an account that has been designed to serve clients that are new to the forex trading concept. This account will teach you things such as what forex trading is and how to trade using this platform. It has virtual cash that you can use to place trades through without any returns.

Security of Funds

As earlier indicated, Forex.com is a subsidiary of GAIN capital, which is its parent company. GAIN capital was formed in the year 1999 and operates many other forex trading platforms apart from Forex.com. GAIN Capital is a very credible company listed ant the New York stock exchange. Forex.com is a very credible trader having been in the industry for almost two decades. This translates to experience in giving clients what they need according to their respective needs giving them an awesome customer experience.

Its personnel is highly qualified and work round the clock to ensure the comfort and proper relations between the firm and its many clients. Its integrity is one major factor that has helped it survive in the unpredictable environment of forex trading as well as getting them a large client base from all over the world.

Still, on its credibility, Forex.com is licensed and regulated in all its areas of operation and has a clean bill of operating in the Cayman Islands. It has Cayman Islands' approval of operation from the securities investment business law, the territory's monetary authority with a valid license number.

Other regulations and licensing come from the bodies listed below:

• Financial conduct authority from the United Kingdom.
• Financial services authority from Japan.
• Australian services and investment commission.

In a bid to secure clients funds entrusted to the firm, it has put up some measures that will ensure that the funds are kept sound. Among this measures/ include:

• Keeping the clients' funds in a separate account from their own operating funds' account.
• Utilizing the services of top and credible banks for the storage of these funds.
• Never engaging in proprietary trading.

Trading Conditions

The Minimum Initial Deposit

The minimum initial deposit that you need to have your account running is $50 or 50 units of your base currency. It is, however, recommended that you have at least $2500 in your account for you to be able to trade comfortably as well as giving you a shield in your trading prospects.

Trading Platforms

Advanced Trading Platform

A very sophisticated platform that has been designed to suit serious and very experienced traders to help them in the execution of trades.

The platform come with a lot of features and perks which include:

• Provision of professional analytics tools.
• Integrated trading strategies.
• Advanced charting tools that help in the quick analysis of trades executed.
• Highly customizable trade preferences and dashboards a feature that gives this platform a versatility feature.
• Provision of an excess of 80 technical indicators and trading tools.

Web Trading Platform

The web trading platform will help you execute your trades over the internet. The platform is compatible with most of the browsers apart from being easily accessible. Among the perks of using this platform include:

• Has advanced charting features.
• Has an abundance of technical and drawing tools.
• Seamless account management in ease in withdrawal and deposit of funds.
• Accessible by most of the browsers available.
• Integrated news and market analysis.

Mobile Trading Platform

The mobile trading platform comes in the form of a downloadable application that will enable you to deal easily while trading. It is compatible with both Android and IOS operating systems.

The perks of using this platform are not limited to:

• Easy to use platform that is free on download.
• Provides advanced charting and analysis tools.
• Has integrated fund management for managing your funds.

Promotions

The following are among the presently available promotions at Forex.com.

• An affiliate program that will let you earn a certain commission by having Forex.com’s banners on your website.
• $50 bonus on deposit to a qualified account.

Deposit And Withdrawal Methods

Depositing funds to your account is easy and you can use four ways to achieve this. These are through debit card, wire transfer, eCheck, and Check. Depositing is hassle-free and can take a maximum of only two days to reflect.

Withdrawal is easy and it is just by requesting a withdrawal from ‘MyAccount’ and the request will be processed. The orders will be processed through the means received.

Summary

In conclusion, this is among the best forex trading platforms that I have come across. It versatile and has everything in place for every client. This is a very credible broker for traders to conduct their trading.

Reprinted from Topbrokers, the copyright all reserved by the original author.