We have already said previously that Forex.com is registered and authorized by the FCA of the United Kingdom. Given that we are talking about a global operation, it is not surprising that the broker carries out its activities through several affiliates. These affiliates are also regulated and licensed within their own jurisdictions.
Therefore, the operation is regulated by the Investment Industry Regulatory Organization of Canada, the Financial Services Authority of Japan, the Hong Kong Securities and Futures Commission, the Australian Services and Investments Commission (ASIC), the most stringent regulatory agencies in the world). ), the Commodity Futures Trading Commission of the United States and the Monetary Authority of the Cayman Islands.
As you can see from the above, from a regulatory perspective, Forex.com has created a very solid case.
The selection of products offered by Forex.com may not be distinguished from what one would consider the industry standard in this regard, but it is still quite solid. It covers 200 global markets, including 84 currency pairs, from major to minor and exotic, 17 indexes covering all relevant corners of the global economy, and 65 stocks. The stock trade apparently is not available through the MT4 platform.
Forex.com Trading Platforms
The Advanced trading platform It is the centerpiece of the Forex.com platform offering. It is a very powerful and capable environment, which provides traders with a large number of drawing tools, advanced graphic creation functions and more than 80 technical indicators. Users can code and use their own custom indicators. The scores of the integrated trading strategies are also available through the advanced operator.
The Web Trader it can be optimized for speed and compatibility with a wide variety of browsers, but it has not been marketed in versatility and power to facilitate the advantages mentioned above. It also offers advanced graphics, with an impressive set of drawing tools. Regarding technical analysis, it presents more than 70 indicators. The complete administration of the account is available through this platform, including deposits and withdrawals.
Web Trader features:
– Smart trade ticket with advanced risk management option.
– Predefined and customizable designs.
– Powerful graphics with integrated one-click operations.
The Mobile traders,
which are configured for compatibility with Android and iOS, provide access to multiple types of orders and also come with integrated sections of news and market analysis. Alerts and commercial notifications in real time are delivered through these platforms, but also through email and SMS.
MT4, the gold standard in currency trading / CFD, is also compatible, and can be downloaded directly from the Forex.com website, free of charge. In addition to its usual set of functions related to the analysis and creation of graphics, the MT4 of Forex.com is compatible with the EA, and EA’s free hosting is apparently part of the Forex.com package,
Forex.com Trading Services
As mentioned briefly above, Forex.com offers a series of potentially useful and certainly very interesting commercial tools and services.
The trade signals agreement is a paid service, but for newly registered Forex.com users, it is available for free during the first 45 days. The signals are generated by the team of internal experts of the operator.
The FX reimbursement agreement is a 4-level configuration, which is only really useful for those who generate trading volumes in excess of GBP 25 million per month. The reimbursement rates start from 10 pounds sterling per million and go up to 40 pounds sterling per million.
Internal market strategists are also available to help operators reach their full potential. This program is mainly about personalized guidance and support, covering various aspects of commercial activity.
All that is taken into account, the conclusion that Forex.com is a legitimate and solid Forex / CFD brokerage, is obvious. The offer of the platform is exceptional, the selection of the product is decent (and with the addition of BTC, it may actually have exceeded that designation), and the regulatory profile is quite impeccable.
Please note that certain products and / or multiplier levels may not be available to traders in EEA countries due to legal restrictions.