Despite a choice of only two trading accounts, FOREX.com offers more features than many other Forex brokers. The Standard and Premium accounts offer excellent opportunities for both novice and experienced traders to trade on user-friendly platforms and with the security and backing of a large listing of regulatory organizations.
There are two platforms to choose from—FOREXTrader and MetaTrader4. Both platforms provide for numerous order types besides the usual market orders, limit orders, stop orders etc. These include orders such as One Cancels Other (OCO's) whereby if one part of the order is cancelled the other part is executed. If one part of the order is filled, the other is automatically cancelled.
With the If/Then order if the first “If” order is executed then the second “Then” order becomes an active unassociated single order. Unassociated orders are not attached to a trade and act independently of any position updates. In cases where the “If” order does not execute, the “Then” single order will remain dormant and will not be executed when the market reaches the specified rate. When either part of an If / Then order is cancelled, all parts of the order are cancelled as well.
The Education section offers many interesting features both for self-study and interactive learning. Both of these can be done at the student’s own pace and much of what is learned can be tried out on the demo account which is offered to the trader with $50,000 virtual money.
Customer support is available in several languages 24/7 and can be accessed via email, telephone and chat.
Review info: FOREX
Review Date: 2017-07-11
Rating : 4.5
Reviewed By : Sara Patterson (Google+)