Product offerings vary by region but the broker emphasizes fast and reliable execution, a variety of platforms, and account security. In the U.S., it is geared towards clients who want to trade the foreign exchange markets. FOREX.com is one of the top platforms for foreign currency trading. Foreign exchange ("forex" or "FX") is a global marketplace where one currency is converted into another. FOREX.com is one of the leading FX brokers in the U.S., offering transparent pricing and an advanced trading platform.

  • My experience is bad.they charged me hidden commissions about which they did not write anything in the info.
  • You state that there is an overnight fee of -2.5% and 2.5% depending on if you are trading Long or short.
  • The products and services that FOREX.com offers depend on a trader’s location.
  • The swap fee of the Forex.com is calculated by the percentage along with interbank exchange rates, which is defined by each instrument separately.

Standard conditions are based either on FOREX.com offers both fixed and variable spreads, depending on the market you wish to trade, along with an opportunity to reduce costs by up to 15% with cash rebates. Forex.com is sharply regulated and trustable broker with well established parent company GAIN Capital listed in Stock. Account opening is smooth and fully digital, there is great range of markets and instruments, good Cryptocurrency trading and professional trading platforms with education and research. At RoboForex, we understand that traders should focus all their efforts on trading and not worry about the appropriate level of safety of their capital.

Forex.com rollover rates

First, let’s go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees. In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing. Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices. FOREX.com is regulated in several jurisdictions but since laws vary by country, the products offered also vary. For example, CFDs are not available to U.S. clients but are available outside the U.S. In the U.S., its product line caters solely to spot forex trading, unleveraged gold & silver, and futures through its affiliate, FuturesOnline.

Obviously, Russ suggests hitting the lowest risk point, especially for beginners, but it is a purely personal preference and never a forced thing. Besides, https://businessmantalk.com/dotbig-ltd-review-why-safety-of-the-broker-matters/ it depends more upon self-confidence and reliability and how motivated you are to take this chance and make something good out for yourself.

Build your confidence and knowledge with a wealth of educational tools and online resources. Choose from standard, commissions, or DMA to get the right pricing model to fit your trading style and strategy. David S. Chang, ChFC®, CLU® is an award-winning entrepreneur, keynote speaker, author, and consultant. He has over two decades of experience in the wealth management space and has been featured in dozens of news, radio, and podcast programs nationwide. He currently works as Head of IoT for the West Region of a Fortune 200 company. He is a graduate of the United States Military Academy at West Point and currently a Lieutenant Colonel in the California Army National Guard.

Keep FUNDS in Switzerland

Our ultimate guide to the Forex.com minimum deposit is updated regularly. For example, if you are from the UK, you will sign up with StoneX Financial Ltd and will be eligible for investor protection of £85,000. StoneX Financial Ltd is regulated by the FCA, the UK’s financial authority. Yes, it is regulated by several financial authorities globally, such as the UK’s Financial Conduct Authority , and the Commodity Futures Trading Commission and National Futures Association in the US. If you are not familiar with basic order types, read this overview.

Forex review

In today’s economically difficult situation, I do not consider commissions too high. Perhaps the web-portal is a bit overloaded with graphic elements. Please note that foreign exchange and other leveraged trading involves significant DotBig review risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary. Experience our FOREX.com trading platform for 90 days, risk-free.

Market Mood Fragile Ahead Of US CPI

Forex.com is a brand of StoneX Group, a US-based investment company. StoneX Group acquired GAIN Capital, Forex.com’s parent company in 2020.

Private Banking (Savings) >$100,000

The core MT4/MT5 trading platforms are available, alongside a cutting-edge proprietary trading platform. Opening an account with FOREX.com is also quite straightforward. U.S.-based applicants will need to fill out some basic information on an online form and provide details about their trading experience. They will also need their ID, social security number or ITIN, and their employer’s name, if applicable. This allows traders with a balance of at least $10,000 in their account to receive a cash rebate on their traded volume. Those who use technical analysis to inform their trading will appreciate FOREX.com’s technical indicator offerings with over 90 individual indicators to choose from.

Broker Types

Our account was verified in 2 business days, which is a bit slower than at some other brokers. Forex.com’s non-trading fees are average overall.It doesn’t charge withdrawal or account fees, but you have to pay a $15 monthly fee after one year of inactivity. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. We ranked Forex.com’s fee levels as low, average or high based on how they compare to those of all reviewed brokers.

Active Trader

Besides, the results from his training are self-explanatory, and within a short time, they start showing up in the form of profits. Russ Horn is the genius mind behind this program, and for the last 13 years, he has been mentoring people to earn through their efforts. Unlike other program creators that are anonymous or fake names with no history or standing, Russ is a very popular name. He is among the top advisors for forex all over the world, and as to the records, he has mentored and prepared over 6000 people to start trading and earn real money.

It was hard to navigate the platform and it felt too crammed with functions. Bank transfers can take 2-3 business days, while credit/debit card withdrawal can take longer, up to 5 business days.

Unfortunately, Forex.com does not list a phone number and e-mail address on the Contact Us page. Forex.com explains its products and services well and strives for operational excellence. It eliminates the need for customer support and reduces it to emergencies only. https://addicongroup.com/ The proprietary trading platform supports advanced algorithmic trading solutions coded in C#. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission based Forex.com account.