Forex.com is a reputable forex broker that can handle trading volumes of over 50 forex pairs, making it just that broker that could suit you. Gain Capital is the parent company and is a financial services firm that has been in existence since 1999. Going through the website at Forex.com, you’ll discover that this online trading website was designed by industry veterans.
There are basically, two major trading platforms on Forex.com; the Forex Trader PRO, which is a downloadable client & the Web trader, which allows clients trade directly from their browser, without having to download anything.
Taking a quick tour of the trading platforms, it is clear that the web trader is unique and a bit different from other private label trading platforms. It is a platform that has been carefully knitted for beginners in the market and their preference for compartmentalized news and analysis. On the other hand, the FOREXTraderPRO trading platform is suited for professional traders.
One unique feature of the forex.com platform is the fact that when the platform is not being used for some several minutes, it goes idle. This might sound s bit weird, but it is take by the broker to protect its customer’s security. However, the platform is seen to maintain the same screen that’s seen before the trader left, allowing the trader start off from where the left off.
As a forex dealer, Forex.com makes its money off spread. There are no commissions and as such the brokerage firm keeps its spreads tight, allowing its customers get the vibe quite in time as regards the cost per trade going forward.
At Forex.com you’ll find it without some of the peripheral features that are seen on other brokers. You won’t find the type of interactive trading as seen on eToro, but as an NFA licensed broker, Forex.com is unable to offer the same leverage seen on non-US brokers like AvaFX. At the same time, customers who are gunning for a simple trading experience will find Forex.com an excellent place to do business. Some of the features that I subscribe the most are:
- - Unique Market Updates. Forex.com has a team of professionals that analyze the market and offer prompt updates that can aid boost the efficiency of your trading. Although this feature can be seen in other brokerages, yet Forex.com offers theirs in a comfortable and comprehendible way.
- - Forex webinars. Forex.com offers online webinars and this is a valuable source for knowledge that can be more useful than printed forex educational resources.
- - Trade Automation. You can find this service on ZuluTrade, and it is extremely valuable for customers who are in need of some help.
Advantages of Forex.com Broker
1. Traders would find variable spreads when trading with Forex.com, thus keeping your cost of trading low.
2. There’s an MT4 platform that can be expandable and can be easily customized.
Disadvantages of Forex.com Broker
1. You’ll find spreads that are a bit higher than what is seen in other places.
2. Forex.com is a dealer, and this implies that you’ll be trading against them.
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