Forex.com group includes 3 related companies.
Forex.com US - located in the USA, regulated by the Commodity Futures Trading Commission (CFTC).
Forex.com UK - located in the United Kindom, regulated by the Financial Conduct Authority (FCA).
Forex.com JP - located in Japan, regulated by the Japan Financial Services Agency (JFSA).
Forex.com is also regulated by the IIROC in Canada.
Be aware, UK and US companies have some significant trading restrictions because of regulatory authorities influence.
Forex.com group accepts clients from all over the world, excluding Singapore, New Zealand, Belarus, Iran, Yemen and some countries from the OFAC list.
Forex broker offers the following underlying assets for trading.
|60+ Currency Pairs||Based on major and minor world currencies.|
|8 Crypto Pairs||Based on Bitcoin, Bitcoin Cash, Ethereum, Ripple, Litecoin.|
|17 Indice CFDs||Based on baskets of different blue-chip stocks.|
|10 Metal CFDs||Based on Gold, Silver, Platinum and Palladium.|
|4 Energy CFDs||Based on Crude Oil (WTI, Brent), Heating Oil and Natural Gas.|
|5 Soft CFDs||Based on Corn, Cotton, Soybean, Sugar, Wheat.|
|70+ Stock CFDs||Based on shares of US and UK companies.|
As one of the earliest providers of online forex trading services to the retail market, Forex.com has a long and proud history dating back to 2001 as one of the pioneers in the industry. Partly thanks to this, Forex.com has over the years managed to become one of the biggest and best-known brokers out there.
Forex.com is owned by GAIN Capital Holdings, Inc., a publicly traded company based out of New Jersey in the US. Although the company is headquartered in the US, it serves clients all over the world and earns more than half of its revenue from outside the United States. Featuring a well-designed website that is incredibly easy to navigate, Forex.com manages to present all relevant information in a clear and concise way.
Although Forex.com offers a wide range of markets to trade in for international users, the options for US-based traders are limited to forex, precious metals, and futures. In the UK, however, users can also choose to trade in CFDs based on indices, shares, commodities, and cryptocurrencies In Canada and Australia, traders can choose from a variety of forex pairs in addition to CFDs based on commodities and equity indices, but without the option of trading cryptocurrency-based CFDs for now.
The main trading platform offered by Forex.com is the popular and well-established MetaTrader 4 (MT4), branded by the broker as its “Advanced Platform.” In addition, Forex.com let their traders connect their account to the very good charting platform known as TradingView, thus offering users a cutting-edge web-based trading platform. As is expected these days, charting and account information is also accessible on mobile through a mobile app.
In the US, Forex.com is fully regulated as part of GAIN Capital by the National Futures Association and the Commodity Futures Trading Commission. Internationally, GAIN Capital and Forex.com is regulated in the UK, Canada, Australia, and Japan.
The company’s regulatory record with the NFA shows that it has been fined twice for incidents categorized as “general conduct” and “sales practice” since it became an NFA member in 2004. Other than those two incidents, the company has a clean regulatory record as far as we are aware.
Deposits and withdrawals with Forex.com generally work smoothly with few reported issues where traders are having trouble withdrawing their funds. The minimum deposit is set to 50 units of the trader’s selected base currency. Withdrawals can also be carried out easily by submitting a request through the trader’s online user account. Once a withdrawal request has been submitted, funds will be returned to the account they originated from within 48 hours.
Forex.com provides several options for users who need help with any issues they may have. The website offers an extensive FAQ section that answers most questions in a very straightforward way. In addition, video tutorials on how to get started with their various trading platforms are made available online. Traders who encounter any issues that need immediate attention can contact client support via designated phone numbers for each country the broker is present in.
Overall, Forex.com represents a safe and reliable brand in the industry that has been around for many years. Being regulated in both the US and several other countries, the broker has proved that they operate in a professional manner and traders can feel safe about depositing money with them.
There are pros and cons, but Forex.com is still one of the best US-based brokers in my opinion.
Terrible at finding basic info on the sight like margin etc. No trailing stops.
Forex.com is a Market Maker. They also manipulate the platform in regard to your stop-loss.... If ya put a position without a stop-loss verse putting one in, ya have half a chance of the position that is placed won't be manipulated with "stop loss hunting." It's very hard to prove unless your videoing your screen constantly to see how they hit your stop loss... Or still get ya with slippage... Enjoy.