FOREX.com Review   FOREX.com Review

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FOREX.com is a division of GAIN Capital Group, one of the most respected online FOREX trading firms in the industry. The company's flagship service, GAIN Capital, is used by institutional investors, professional money managers and experienced day traders from more than140 countries.

FOREX.com provides a comprehensive resource for individuals new to the market or with limited experience trading foreign currencies. It includes educational content, training tools, and market information, along with full-service trading capabilities.

At FOREX.com, you can trade on dealing spreads as low as 1-2 pips on the most widely traded currency pairs. You can open a mini account, with a minimum deposit of $250, and a minimum transaction size of 1/10th standard sized lot, or 10,000 of the base currency, with a minimum margin deposit of 0.5% (200:1 leverage). For example, a US$10,000 position would require an initial margin deposit of US$50. A standard account requires a minimum deposit of $2,500, has a minimum transaction size of 1 lot, or 100,000 of the base currency, and a minimum margin deposit of 1% (100:1 leverage). For example, a US$100,000 position would require an initial margin deposit of US$1,000.

FOREX.com uses four trader platforms – FOREX Trader, FOREX Trader.Java, FOREX Trader.Web and FOREX Trader.wireless – that combine ease of use, unprecedented flexibility and a full suite of professional charting and order management tools, all on a single screen. Best of all, you can use the same User ID and Password to switch between platforms at will, depending on your needs at the moment.

The registration process through download and is quick and easy. You can use credit or debit cards, wire transfers, or personal, business, or cashier’s check to fund your account. Withdrawal requests are processed within two (2) business days of receipt. There is no fee for withdrawal requests via check. Withdrawal requests via wire transfer will incur a $25 fee for wires within the United States, and $40 fee for international wires (including Canada).

It’s also easy to keep track of your trades. Deals are confirmed on screen, typically within one second. Full transaction details may be accessed on screen as well; including date, time, rate, notional amount bought and sold, USD value, and reference numbers.

The dealing software tracks all trading activity in real time, allowing you to view current open positions, real-time profit and loss, margin availability, account balances, and all historical transaction details directly on-screen.

To help you make decisions, FOREX.com offers you access to a variety of FOREX charting packages and premium technical analysis tools to help you trade the FOREX market. With a 24-hour streaming news feed, professional FOREX research and live market commentary, you’ll always be up-to-date on important economic events, price movements and market developments.

At any time, live help is available to guide you through the process, if necessary. The site does take some time to learn the navigation; once you’ve gone through the options, it becomes easier to use. Once you do, you’ll see it has all the tools to help you navigate the FOREX world successfully.