0 FOREX.com: Main advantages

FOREX.com: Main advantages
Start: 12.02.2023
Regulated: NYSE: GCAP
Max shoulder: 1:400
Min deposit: 1000 USD
Demo account: yes

FOREX.com a foreign broker owned by GAIN Capital Holdings, whose head office is located in the USA. Intermediary services in terms of entering the international market FOREX.com it provides services in more than 140 countries around the world. It has branches in many countries. Today it is one of their most popular brokers, repeatedly awarded prestigious awards.

Main advantages FOREX.com

Key advantages FOREX.com you can include:

  • high reliability due to the availability of licenses from regulators in countries such as Japan, the UK, and the USA.
  • relatively small amount of commission;
  • the opportunity to trade on the best platforms, convenient and understandable even for a novice trader;
  • operational multilingual support;
  • no commission for depositing and withdrawing funds.

Accounts and trading conditions

A wide range of tools, including currencies, CFDs, indices, stocks, metals, will suit both sophisticated traders and beginners. Minimum deposit on FOREX.com limited to $50. The spreads are average, varying depending on the type of account selected. It is possible to trade with margin leverage, the size of which is set depending on the instrument chosen for trading, as well as the broker’s division in which the account is opened.

Various types of accounts are available to users, including DNA with direct access to interbank, Standard, and a Demo account for novice traders. You can top up your account with either a bank card or a transfer from an electronic wallet.

For some users, the broker offers promotions, for example, the loyalty program “Active Trader” for clients who have more than $ 25,000 in their account or a monthly turnover of $ 25 million.

Trading platform

FOREX.com He has developed and implemented his own platform for trading on the Forex market, which is not inferior in functionality to MetaTrader 4. Just like the broker’s latest proprietary platform, it has built-in tools, support available only to registered clients, and an adviser. The broker offers platforms: 1TP72T, 1TP10T4, advanced platform FOREX.com and the web trader platform Forex.com .

Opening an account

A user who has decided to create an account on the broker’s platform should be prepared for the fact that it will be necessary to specify the TIN and his annual income, upload a scan of passport pages confirming his identity and place of residence. When registering, the platform is selected: the broker’s own platform or MT4. An invoice will be linked to the selected option later. But it is important to clarify that all the broker’s shares are intended for those who have chosen its platform for trading.

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