Forex.com is a branch of GAIN Capital, LLC, a firm founded in 1999 by a group of Wall Street veterans. The U.K. arm of the broker is a fully authorized and regulated broker registered with the Financial Services Authority, or the FSA. In the decade since, GAIN Capital has acquired a status as one of the most important firms in the financial services industry, catering to forex, commodities and stocks traders.
GAIN Capital, LLC is one of the fastest growing financial services firms in the U.S., and it has been featured many times in some of the most prestigious offline and online publications discussing emerging stars of the finance industry.
We here at ForexTraders refer our visitors to the U.K. platform because Forex .com U.K. offers; MetaTrader 4, lower spreads, oil, permits hedging and greater leverage but keep in mind that the greater the leverage, the greater the risk.
Unique Features of Forex.com
The most interesting aspect of trading with Forex.com is the availability of diverse options for trading platforms. Also, GAIN Capital, LLC is a well-established firm with a long and reliable history, and since it is the holding company behind Forex.com, the broker is one of the best choices for traders who are concerned about safety and security in the forex market. Spreads are also low, beginning from around 1 pip at the most liquid pairs when you trade using the MetaTrader 4 platform that's only available on the U.K. platform.
Trading Platform
Forex.com provides an impressive array of trading software choices to its clients, including the ever so popular MetaTrader 4 platform which brings lower spreads on many pairs, superior flexibility and richness of options to forex clients and enables the development of almost any kind of forex strategy. You'll benefit from quality trade executions, tight spreads and personalized customer service as well as all of the standard features of the MetaTrader 4 trading platform.
Some of the additional features with MT4 through Forex.com U.K. includes:
- Spreads as low as 1-2 pips on most popular traded pairs.
- Able to create expert advisors (EA's) to trade on your behalf.
- Benefit from an EA optimized environment including micro lot trading and hedging capabilities.
- Mobil access is available with much of the core functionality of the Client Terminal.
- Automate trade strategies with MQL4.
- Overlay predefined technical indicators or create your own.
- Open, monitor and update an unlimited number of charts.
- Set audible rate and indicator alerts.
- Multi-lingual support - 17 languages available.
Account Types and Spreads
The minimum lot size of a mini account is $10,000, with a minimum deposit requirement of $250. In the case of a standard account, the minimum deposit size is $2,500 and the lot size is $100,000. As it is often the case, a free demo account is also available.
The spread is as low as 1 pip for the EURUSD or USDJPY pairs. Forty-five currency pairs are available for trading, including all the important major or minor pairs, in addition to gold, silver and oil. Hedging strategies are possible in accordance with FSA rules.
Forex.com offers leverage at up to 200:1 with a mini account. Increasing leverage also increases risk so make sure to choose your preferred leverage based on your own strategy.
Safety
GAIN Capital LLC has been around for more than a decade, and that is, arguably, the strongest guarantee in the fledgling forex industry of our day. The broker is fully regulated by the FSA in the U.K with registry number 190864. Beyond that, Forex.com implements all the industry standards in ensuring the safety and privacy of client information, and data transmission during transactions. In the U.S. Forex.com is in full accordance with the rules and regulations of the NFA and the CFTC.
Customer Service
Apart from a highly qualified and courteous customer service department, Forex.com offers a one-on-one training experience for clients who meet a few basic requirements. The market strategist will guide the customer by devising personalized trading strategies and helping the creation of advanced strategies.
Beginner's Support
The Forex.com website is full of highly informational and useful resources. Apart from a 7-part, online tutorial that teaches a beginner all the basics necessary to commence trading, there are regular webinars, and there is a forex trading handbook available that provides deeper insight into more advanced topics in a highly accessible simple language.
Conclusion
It is hard to find much to criticize about Forex.com. The aim of this broker is to offer a highly diversified service to clients, able to cater fully to the needs of different trader types. If you're a beginner, the wealth of information that is made available at the website, the friendly customer service, and the regular education programs of the firm will help reduce the steepness of the curve in your learning process. If you're an advanced trader looking to apply some sophisticated techniques, the MetaTrader 4 through Forex.com UK will ensure that you have lots of options to choose from due to the highly customizable capabilities.
The mini account deposit requirement is a moderate USD 250 and it is certain that you can find other companies that require a lower level of financial commitment from a beginner. But this requirement is justified to by the superior capabilities of the Forex.com.
Note:
GAIN Capital LLC has been around for more than a decade, and that is, arguably, the strongest guarantee in the fledgling forex industry of our day. The broker is fully regulated by the FSA in the U.K with registry number 190864. Beyond that, Forex.com implements all the industry standards in ensuring the safety and privacy of client information, and data transmission during transactions. In the U.S. Forex.com is in full accordance with the rules and regulations of the NFA and the CFTC.
Customer Service
Apart from a highly qualified and courteous customer service department, Forex.com offers a one-on-one training experience for clients who meet a few basic requirements. The market strategist will guide the customer by devising personalized trading strategies and helping the creation of advanced strategies.
Beginner's Support
The Forex.com website is full of highly informational and useful resources. Apart from a 7-part, online tutorial that teaches a beginner all the basics necessary to commence trading, there are regular webinars, and there is a forex trading handbook available that provides deeper insight into more advanced topics in a highly accessible simple language.
Conclusion
It is hard to find much to criticize about Forex.com. The aim of this broker is to offer a highly diversified service to clients, able to cater fully to the needs of different trader types. If you're a beginner, the wealth of information that is made available at the website, the friendly customer service, and the regular education programs of the firm will help reduce the steepness of the curve in your learning process. If you're an advanced trader looking to apply some sophisticated techniques, the MetaTrader 4 through Forex.com UK will ensure that you have lots of options to choose from due to the highly customizable capabilities.
The mini account deposit requirement is a moderate USD 250 and it is certain that you can find other companies that require a lower level of financial commitment from a beginner. But this requirement is justified to by the superior capabilities of the Forex.com.
Note:
Forex.com/UKacts as the clearing agent and counterparty to customers introduced by ForexTraders.com for an IB margined forex transactions. FOREX.com is a trading name of GAIN Capital - FOREX.com UK Limited and is authorised and regulated by the Financial Services Authority. FSA No. 190864.
FOREX.com UK is not currently accepting account applications from residents of the People's Republic of China and Nigeria.
Governmental restrictions and our policies prohibit us from opening accounts from the following restricted OFAC sanctioned countries: Afghanistan, Burma (Myanmar), Cote d'Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Former Liberian Regime of Charles Taylor, Iran, Iraq, Libya, North Korea, Sudan, Syria, Unita (Angola) and Zimbabwe, as well as other individuals specifically sanctioned.
FOREX.com UK is not currently accepting account applications from residents of the People's Republic of China and Nigeria.
Governmental restrictions and our policies prohibit us from opening accounts from the following restricted OFAC sanctioned countries: Afghanistan, Burma (Myanmar), Cote d'Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Former Liberian Regime of Charles Taylor, Iran, Iraq, Libya, North Korea, Sudan, Syria, Unita (Angola) and Zimbabwe, as well as other individuals specifically sanctioned.
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