Forex.com – broker review and traders’ feedback.
Forex.com: who can be trusted in the forex market
Today, there are many scammers on the internet, among which stand out black broker companies that have been operating for decades. Broker Forex.com is among the reliable players, holding licenses from several financial regulators. Today we will look at the features of this company and determine how much trust can be placed in it.
Company in figures and facts
Offering access to various types of assets, Forex.com is one of the leading CFD and forex brokers in the market. Founded in 1999, the company is part of GAIN Capital Holdings and is regulated in several countries around the world, including the USA, UK, Canada, Japan, and Australia. This allows clients from different countries to trade safely with Forex.com.
- Total assets: 1.288 billion USD,
- Total client capital: 849.8 million USD,
- Liquidity: 193.2 million USD,
- Minimum regulatory capital requirement: 104 million USD.
The financial transparency and longevity of the company enable clients to feel confident, knowing that their funds are under reliable control.
Being regulated by FCA, Forex.com provides clients with the opportunity to receive compensation of up to 50,000 pounds in case of negative situations. This is a significant advantage pointed out by clients in their reviews.
Types of trading accounts
Forex.com offers traders three types of accounts: “Standard Account,” “Commission Account,” and “Active Trader.” The minimum deposit is 50 units of the base currency for each account. Each account type has its own features and limitations that should be considered when choosing.
In addition to regular accounts, “Islamic Accounts” are offered, as well as a special “Active Trader” with enhanced trading conditions and personalized service.
Trading platforms
The company provides clients with access to popular platforms such as MetaTrader 4, as well as its own trading platform. These tools have a wide range of functionality, including charting tools, trading strategies, and the ability to create custom indicators.
News feeds and other features help traders stay informed and make informed decisions in the market.
Client reviews
In reviews of Forex.com, many clients express disappointment with delays in fund withdrawals and differences in spreads on different trading platforms of the company. However, overall, opinions about the broker vary.
Conclusion
Forex.com is a major and long-standing broker in the forex market. Regulated by financial authorities, it provides secure conditions for traders worldwide. However, some delays in payments may raise doubts among clients. It is important to carefully review and decide if this broker suits your investment needs.
Author: Yegor Tishchenko
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