{"id":212380,"date":"2023-03-10T08:23:24","date_gmt":"2023-03-10T08:23:24","guid":{"rendered":"https:\/\/www.bizreport.com\/business\/forex-com-review"},"modified":"2023-03-10T16:33:42","modified_gmt":"2023-03-10T16:33:42","slug":"forex-com-review","status":"publish","type":"single_reviews","link":"https:\/\/www.bizreport.com\/ca\/investing\/forex-com-review","title":{"rendered":"Forex.com In Canada Reviews 2024: Features, Cost & Alternatives"},"content":{"rendered":"
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\"FOREX.COM<\/figure><\/div>\n\n\n

Forex.com is a well-established online forex<\/a> and retail CFD accounts broker that has been operating since 2001. It is a brand of its parent company-GAIN Capital Holdings, which is listed on the New York Stock Exchange.<\/p>\n\n\n\n

This legitimate broker offers a wide range of trading instruments, from simple to complex instruments, including forex<\/a>, indices, commodities<\/a>, and cryptocurrencies<\/a>. Forex.com operates globally and is regulated by top-tier financial authorities in multiple jurisdictions.<\/p>\n\n\n\n

Forex.com Advantages<\/h2>\n\n\n\n

Forex.com offers several advantages to its clients:<\/p>\n\n\n\n

Wide Range of Currency Pairs<\/h3>\n\n\n\n

Forex.com provides access to more than 80 pairs, including major, minor, and exotic ones. This allows traders to diversify their portfolios and take advantage of different market conditions, no matter what currency pair they need.<\/p>\n\n\n\n

Comprehensive List of Indicators<\/h3>\n\n\n\n

Forex.com offers an extensive list of technical indicators that can be used for analysis and decision-making. Traders can customize their charts with indicators such as moving averages, Bollinger Bands, MACD, RSI, and many more.<\/p>\n\n\n\n

Plenty of Forex Trading Education & Research Tools<\/h3>\n\n\n\n

Forex.com provides traders with a wealth of resources to help them improve their web trading skills. These include webinars, video tutorials, eBooks, and more. Additionally, this good broker offers research tools such as daily market analysis, economic calendar, and CFD trading strategies.<\/p>\n\n\n\n

Regulated by FCA (U.K.), Commodity Futures Trading Commission CFTC, NFA (U.S.).<\/h3>\n\n\n\n

Forex.com is regulated by top-tier financial authorities in multiple jurisdictions, such as the Financial Conduct Authority (FCA)<\/a> in the UK and CFTC<\/a> in the US. This ensures that traders’ funds are protected and that they are trading forex with a reputable broker.<\/p>\n\n\n\n

Demo Account<\/h3>\n\n\n\n

Forex.com offers a free demo account<\/a> that allows traders to practice their strategies with risk management. This can be very useful for beginners who want to get familiar with the platform before trading live.<\/p>\n\n\n\n

Active Trader Program<\/h3>\n\n\n\n

Forex.com’s Active Trader program offers enhanced benefits for high-volume traders, such as dedicated account management, cash rebates on trades, and more. This program is designed for traders who trade frequently or have large accounts.<\/p>\n\n\n\n

Forex.com Accounts<\/h2>\n\n\n\n

Let’s take a look at some general information about Forex.com accounts<\/a> that might be useful for traders.<\/p>\n\n\n\n

<\/td>Standard <\/strong><\/td>Commission<\/strong><\/td>Direct Market Access (DMA)<\/strong><\/td>Islamic Account<\/strong><\/td><\/tr>
Trading Fee<\/td>$0<\/td>$5 per 100,000 units traded<\/td>$5 per 100,000 units traded<\/td>No commission charged<\/td><\/tr>
Non-Trading Fee<\/td>$15\/month after 12 months of inactivity<\/td>$15\/month after 12 months of inactivity<\/td>\"Not<\/td>\"Not<\/td><\/tr>
Withdrawal Fee<\/td>$0 for ACH, $25 for wire transfer<\/td>$0 for ACH, $25 for wire transfer<\/td>\"Not<\/td>$0 for ACH, $25 for wire transfer<\/td><\/tr>
Inactivity Fee<\/td>$15\/month after 12 months of inactivity<\/td>$15\/month after 12 months of inactivity<\/td>$15 per month after 12 months of inactivity<\/td>$15 per month after 12 months of inactivity<\/td><\/tr>
Minimum Initial Deposit<\/td>$50<\/td>$1,000<\/td>$25,000<\/td>$500<\/td><\/tr>
Markets Offered<\/td>Forex, Indices, Commodities, Cryptocurrencies<\/td>Forex, Indices, Commodities, Cryptocurrencies<\/td>Forex, Indices, Commodities, Cryptocurrencies<\/td>Forex, Indices, Commodities, Cryptocurrencies<\/td><\/tr>
Spread<\/td>0.8 pips on EUR\/USD<\/td>0.2 pips on EUR\/USD (plus commission)<\/td>From 0.1 pips on EUR\/USD<\/td>From 1.0 pip on EUR\/USD (no commission)<\/td><\/tr>
Leverage<\/td>Up to 50:1 for major currency pairs<\/td>Up to 50:1 for major currency pairs<\/td>Up to 1:50 for forex and up to 1:20 for indices and commodities<\/td>Up to 30:1 for major currency pairs<\/td><\/tr>
Platforms Available<\/td>WebTrader, MetaTrader4 (MT4), Advanced Trading Platform (ATP)<\/td>WebTrader, MetaTrader4 (MT4), Advanced Trading Platform (ATP)<\/td>MetaTrader 4, FOREXTrader PRO, and DMA trading platform<\/td>WebTrader, MetaTrader4 (MT4), Advanced Trading Platform (ATP)<\/td><\/tr>
Mobile App<\/td>Available for iOS and Android<\/td>Available for iOS and Android<\/td>Available for iOS and Android<\/td>Available for iOS and Android<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Forex.com Standard Account<\/h3>\n\n\n\n

The standard account is perfect for those who are new to trading forex or prefer fixed spreads. With this account, you can enjoy competitive pricing with no commissions.<\/p>\n\n\n\n

Forex.com Commission Account<\/h3>\n\n\n\n

For those who prefer tighter spreads and are willing to pay a commission per trade, the commission account may be the right choice for you. This account offers raw market spreads with no markups.<\/p>\n\n\n\n

Forex.com Direct Market Access (DMA) Account<\/h3>\n\n\n\n

If you’re an advanced web trader who requires deeper liquidity and faster execution speeds, the DMA account may be the best fit for you. This account type provides access to institutional-grade liquidity from top-tier global banks and ECNs.<\/p>\n\n\n\n

Forex.com Islamic Account<\/h3>\n\n\n\n

Forex.com also offers an Islamic account that complies with Sharia law. This account type is swap-free and does not charge or pay interest on overnight positions, making it suitable for stock traders who follow Islamic finance principles.<\/p>\n\n\n\n

Forex.com Quick Overview<\/h2>\n\n\n\n
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\"FOREX.com\"<\/figure><\/div>\n\n\n

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<\/div>
4.7 stars<\/div><\/div><\/div><\/div>\n<\/div>\n\n\n\n
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Best Overall Value<\/h4>\n\n\n\n