FOREX.com provides world-class customer service to deliver an overall positive experience. There are several ways to contact the agents, including live chat. You can also send a form to apply for DotBig account an account, and the FOREX.com app will review your application in a timely manner. The FOREX.com web trading platform delivers a superior trading experience on any browser and operating system.
To clarify, we will have one of our support team members reach out to you with more information on how to make a deposit through ACH. OANDA is regulated in https://newinr.com/dotbig-ltd-review-getting-started-with-the-broker/ numerous Tier-1 jurisdictions including in the U.S., U.K., Europe, Australia, Japan, and Canada, making it a trustworthy broker to keep your money safe.
Mobile Trading Apps
Even the fee structure can be a little difficult to understand as it does not work the same as cryptocurrencies where you have to pay a maker or taker fee. As an FX trading platform, Forex.com has also done quite well in other high-demand aspects of the professional trading community.
The advanced trading platform is designed for desktop computers. It comes with a highly customizable dashboard that includes https://www.bankrate.com/banking/biggest-banks-in-america/ drag-and-drop windows to accommodate your trading style, as well as analytics tools and more than 80 technical indicators.
The charting feature is one of the drawbacks of the mobile app. There are a limited number of common indicators available, such as RSI, MACD, and moving averages, but drawing functions and more advanced technical tools are missing. Full order functionality is available, including conditional orders and the ability to easily place stop losses and profit targets at the time of a trade. FOREX.com does not offer "negative balance protection" for U.S. clients. This means that U.S. traders with negative account balances are on the hook for more money than they initially deposited into their accounts. Clients "negative balance protection," as mandated by ESMA, and guaranteed stop loss orders , which protects against market gap risk.
- The website does not list additional fees for deposits or withdrawals.
- Forex.com provides a wide variety of free resources and educational content, including free courses based on traders’ skill level and trading goals and webinars.
- Forex.com provides a great number of currency pairs and cryptocurrencies.
- From moving averages to the Ichimoku Cloud, you can use over 90 indicators to help inform your trading.
- You should engage in any such activity only if you are fully aware of the relevant risks.
With the 80+ currency pairs, the platform offers competitive spreads. For example, a typical EUR/USD spread is 1.3 and can go as low as 0.8. Also, if you choose the Active Trader Program, you will receive monthly cash rebates of up to $10 per million dollars traded. FOREX.com trading is regulated by the Cayman Islands Monetary Authority. In addition, traders’ funds are held by the most prominent banks. FOREX.com is a consumer-oriented brokerage, providing secure and fast trading services.
Trading Ideas
In addition to the incredible educational opportunities FOREX.com provides, you can apply everything you’ve learned by trading directly in the forex market. You can also benefit from trading and learning in the same place because there’s no need to learn two different platforms. Prefer to get the classroom experience when you learn how to trade? FOREX.com hosts regular live webinars at every skill level to help you boost your trading know-how.
These rules likely resulted from the SNB event of January 15, 2015 that roiled the markets, especially the highly leveraged retail FX market. Another great tool we need to mention is performance analytics. The tool can be applied to all forex account types to help you improve your trading.
Forex Com Review Summary
They answered the phone instantly, and we got relevant answers. It also provides an economic calendar, which lists upcoming macro events.When you select an event, you can view a short summary and check historical data. Technical indicators and https://www.britannica.com/topic/Bank-of-the-United-States many editing tools, such as Fibonacci retracement and trendlines. FCA bans the sale of crypto-derivatives to UK retail consumers from 6 January 2021. Answer a couple of questions relating to your financial knowledge and trading history.
This Company Have Made Me Happy Again
I think the purpose is to collect and keep your private data. Do not waist your time, stay away from them and do not disclose your personal data. Forex.Com offers everything you DO NOT WANT in a forex broker. However, many of the integrated features in the platform will trigger a new browser window to open – even when you are on the desktop version.
Let’s take a look at 3 helpful features the brokerage offers for trader education. Opening an account with FOREX.com is also quite straightforward.
The quiz takes only a few minutes to complete and consists of six simple questions. When it comes to securities, Standard and Commission account holders are able to trade over 80 forex pairs, as well as spot gold and silver, while the DMA account allows 58 forex pairs. Also, the DMA accounts can’t be used to trade cryptocurrencies, indices, and commodities. Some or all of the products/services listed on this page are from our affiliate partners from which we receive commissions.
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