Forex.com scam or not? Review

Forex.com is a leading global forex broker active on the market offers its services and services for more than ten years. The broker can be distinguished among other things by offering competitive and transparent pricing, and innovative tools and has both in Europe and in America, Asia and Australia many customers.

The Forex.com experience that we could make in the course of our tests, can confirm the positive image that many traders from the broker. Positive we noticed, for example, that the customer can choose between three different trading platforms. It can over 200 currency pairs are traded and visit the Knowledge Centre Forex.com offers its customers numerous useful information about trading forex on how, for example, webinars or various training videos.

5 arguments for Forex.com:

• 1. Three different trading platforms available
• 2. more than 200 currency pairs tradable
• 3. internationally oriented Broker
• 4. extensive range of information and learning aids
• 5. range of professional tools for market analysis

1. Regulation

The broker Forex.com part of the international financial services company Gain Capital. The company has since 1999 successfully active on the market, while the broker since 2001 and private customers the possibility to trade online forex. The headquarters are located in the United States, specifically in New Jersey. The international orientation of the broker is illustrated, inter alia, that the trading platform is available in several international languages such as English, Russian, Chinese, and for some time also in German. In over 140 countries, the broker has now customers and is regulated in Europe by the Financial Services Authority Financial Conduct Authority (FCA).

2. Trading platform, trading style and underlying at Forex.com

In the course of our progress report to the broker Forex.com we have worked intensively on the trading platforms that customers provides the broker. The broker offers two separate trading platforms and beyond to Trader the software MetaTrader 4 use. The main deck is certainly the so-called «Forex Trader Pro», which allows among other comprehensive chart analysis and various trading tools includes. This platform is in principle in three versions, namely as a web-based version, as a download version and a mobile trading platform, in the form of Forex.com app . Moreover, with the trading platform «GTX — Forex ECN» alternatively also offered a trading platform for advanced and professional forex traders. Among other things, customers can here use the one-click trading and benefit from commission-based ECN trading.

3. Account opening and trading conditions at Forex.com

If you want to open a trading account with Forex.com, can this cause within just five minutes.Opening an account is free and the trader is led step by step through the opening process. The account can be opened in different currencies, such as in euros or US dollars. Those who want to learn first how trade works with currencies or want to test the platform of the broker, which has among other things the possibility of a free Forex.com Demo account to open. With a minimum deposit of $ 500 to open an account can be made. Even with the trading conditions of our experience with Forex.com were very good. There is a high maximum leverage of 400: 1 and available as trading is possible since a spread of one pip.

4. Seriousness: No cheating at Forex.com

That at Forex.com held no cheating, we can say with near certainty. First of all we hold Forex.com for serious because on the website a lot of information to be published on safety and risks. There are, for example, an explicit risk considerations, in the course of which the broker indicating that trading in Forex and CFDs is associated with a high risk. In this way, traders are enlightened, who have so far made no experience in Forex Trading or CFD trading. Moreover, the terms and conditions of the broker at any time via the website are free accessible. In addition, detailed in our privacy policy, what happens to the data input and how it is used. In addition, a Forex.com fraud is also therefore very unlikely because the broker is regulated by the Financial Services. There is thus a continuous monitoring here, which also gives the trader a high security. As a conclusion we can therefore clearly state that we hold Forex.com for reputable.

5. Our conclusion to the broker Forex.com