First Honest Forex.com Review
Designed to help newbie traders
to know the true!
Welcome Friend,
Forex has become really popular business in the last couple
of years, but to be honest from the start i want to tell you with no BS "There is a lot Forex Broker Companies That
will Cheat/Scam You And You Won’t Even Notice That", so i decide to
start reviewing broker by broker and help as much people to get fair trading
conditions and full support from there brokers! I know many people will
immediately think that this is just another promoter, but that’s not true at
all, i don't care if you are going to listen to my advice or not, i only want
to stop people losing there hard earn money with some Broker House that will
disappear overnight (i know at least 20 brokers that disappear literately
within 24h and none of the money was given back to their clients)....
Ok now when you know few things about this small blog let me
give you a clue what Forex Broker House i chose to review today, it is a Gain Capital famous brand Forex.com!
What is Forex.com?
And who is behind this Brand?
This broker is one of the largest in the United States, and frequently advertises on many tv channels as it and FXCM are currently vying for domination of the US-based consumer. Gain Capital is the actual corporation that is standing behind Forex.com, and is well-known throughout the world as a leading Forex dealer.
This broker is one of the largest in the United States, and frequently advertises on many tv channels as it and FXCM are currently vying for domination of the US-based consumer. Gain Capital is the actual corporation that is standing behind Forex.com, and is well-known throughout the world as a leading Forex dealer.
The dealer is known for its integrity, regulatory
compliance, and ease of use for the novice trader. The site is packed full of
information, and is probably one of the better FX sites on the planet for the
novice and expert alike.
For more information about Gain Capital Holdings Inc please
visit: gaincapital.com
Where is Forex.com Regulated?
I never, but never seen any retail broker that have as much license as Gain Capital manage to get, first it was strange but i checked all of their license and i will provide link for every financial license forex.com claim to have so you can check it for yourself...
Believe me having broker that have license for according to
your country is something that not all people understand, but let me explain
why is this so important easy way:
Possible Scenario:
Your Current Broker Is Registered In British Virgin
Islands or Australia and you live in U.S., after a while you want to withdraw
your hard earned profit (of course, assume you make some profit, lol) and
someone say we send you money 10 days ago but your bank never got it! What are
you doing then? Usually you just call Financial Regulatory Institution in your
country and ask them to help (this way you will get money back 100%), but if
your broker like in this case isn't regulated in your country no one can help
you (of course you can track company and visit them, but i don't think this
will help a lot)!
From this scenario i hope you learned why you should check
your broker before you gave them money, now look at the license that Forex.com
have and see are they regulated in your country...
-
Forex.com
is Regulate in United Kingdom by FCA
(Financial Conduct Authority).
-
Forex.com
is Regulate in United States by CFTC
(Commodity Futures Trading Commission), NFA (National Futures Association), SEC
(Securities and Exchange Commission).
-
Forex.com
is Regulate in Japan by FSA
(Financial Services Agency)
-
Forex.com
is Regulate in Hong Kong by SFC
(Securities and Futures Commission)
-
Forex.com
is Regulate in Australia by ASIC
(Australian Securities and Investments Commission)
-
Forex.com
is Regulate in Canada by IIROC
(Investment Industry Regulatory Organization of Canada)
*if your
country is not on the list, you need to check with your country lows are they
recognize some of license above, and only if answer is yes you should continue
reading this blog post...
Are Traders Founds
Really Safe with Forex.com?
Ok let’s see what i found on Forex.com found safety... Like i already mention above Gain is one of the company that are listed on the stock exchange and according to stocks they currently worth around $10.39 per share (remember i find this number when i was writing this post so you should check it now Gain Symbol:) so that’s ok... now here is info about capital that company have and operate with:
Ok let’s see what i found on Forex.com found safety... Like i already mention above Gain is one of the company that are listed on the stock exchange and according to stocks they currently worth around $10.39 per share (remember i find this number when i was writing this post so you should check it now Gain Symbol:) so that’s ok... now here is info about capital that company have and operate with:
-
Gain Capital Total assets: $689.4 million
-
Gain Capital Total customer equity: $476.8 million
-
Gain Capital Available cash and liquidity*: $99.5
million
-
Gain Capital Corporate debt: $10 million
-
Gain Capital Minimum Regulatory Capital Requirement:
$48.7 million
* for more
info about stability of the company you should check http://ir.gaincapital.com/
What Range Of Markets
Forex.com Offer?
Forex.com offer really a lot of instruments for everyone to be happy, here is a short list of instruments that you have opportunity to trade with Forex.com
Forex.com offer really a lot of instruments for everyone to be happy, here is a short list of instruments that you have opportunity to trade with Forex.com
Forex Pairs
Indices CFD
Commodity CFD
But this is not all you can also trade Bonds and Interest
Rates with Forex.com!
What Platform
Forex.com Offer?
Forex.com capital offer few platforms to clients, many
traders are used to use meta trader but personally of all platform forex.com
offer I found most suitable to my trading style forexcharts (something like
white labeled esginal), but let me give you full details of all platforms that
you can use with forex.com:
- TRADE
Trade is really good tool if you like to find very fast what
is going on in the market, in just a click you will be able to find hundreds of
instruments that are preforming really good, so if you are like me and you get
at the morning looking for best movers in the market to start your analyses the
Trade is the platform that will cut research time!
Total Score By Me Is:
8/10 (Reason: Good Platform, But I would like to have more
charting tools inside)
FOREXTrader PRO from Forex.com
Not bad platform at all, have everything that any trader
need, charting is ok if you ask me, there is a lot of useful indicators you can
apply on your charts in seconds, also you get good fundamental news that will
be helpful when some important news come around. Major benefit of the platform is that you can
run this platform from any device, desktop, online from browser, on phone or
tablet (so that’s good in my opinion because I am traveling a lot and need to
have something that will give me information anytime I want) .
Total Score By Me Is:
9.5/10 (Reason: Good Platform, have everything you have for
technical and fundamental analyses)
Meta Trader from Forex.com
I think that almost everyone who ever used demo platform
tried metatrader platform, grate platform for traders who like to have
everything any trader need to have, a lot of indicators, automated system to
trade, fast execution and main advantage of using mt4 is that you can always
code everything you want for small amount of money. So I just want to say that
if you like mt4 you should defiantly try forex.com version and you will see best
trading tool in action completely free.
Total Score By Me Is:
9/10 (Reason: Most Popular Platform in
the Fx World, Have almost everything you need to have)
ForexCharts from Forex.com
Ok I already mention above that this is my choice at
forex.com, so let me tell you few more
things, few years ago Gain buy this platform from Esignal, grate platform that
will give you everything you need for successful charting software, you will
also get data from Esignal Feed for free so you save 5000$ yearly with
forexcharts. If you like Fibonacci you must defiantly try this platform!
Total Score By Me Is:
9/10 (Reason: it is 10/10 for charting
but there is nothing so special for fundamental traders so 9/10)
GTX from Forex.com
GTX is professional platform, used by hundreds of hedge funds all over the
world, now I am using this for few months now and I can say when it is a time
to execute trade and always see what is going on in the market GTX come as best
solution, basically you are trading on the real market, buy and sell currency
from banks, hedge funds, there is no chance you will be cheated with this
platform, only problem is that this is more for clients with money and for
people who are trading for living, so if you are in the learning phase you
shouldn’t bother with this platform.
Total Score By Me Is:
8/10 (Reason: Grate Platform For
Execution, 8/10 Because It Is Not Available For Small Clients)
How Good Are
Forex.com Support Team?
Every broker have live support, but over the years in trading I notice something strange, before you open account everyone is fine and they will kiss you in the ass just to deposit money, but when you request withdrawal they become rude, so I decide to see how forex.com support treat their clients.
Every broker have live support, but over the years in trading I notice something strange, before you open account everyone is fine and they will kiss you in the ass just to deposit money, but when you request withdrawal they become rude, so I decide to see how forex.com support treat their clients.
I was suppressed really, I got some problems when I deposited
money to forex.com, my bank asked me to provide some special data about transfer
and I called gain to help me. I was shocked when they gave me personal help
that called my bank and give them everyone they asked in just 1h, I am using
gain for little more than 2 years now and I have requested a lot of withdrawals
(33 to be precise) and everything was ok, didn’t wait more than 24h to get my
money back. And yes I become good friend with few of their supports they call
me at least once a week to see how am I doing and to see if I need something
more.
Total Score By Me Is:
10/10 (Reason, they will assist you 24h on work days and if you need them
on weekend you can always get phone number so you will have contact with them
365/7, they will also give you everything you ask)
What Kind Of
Payments System Forex.com Use?
Ok now it is the time to tell you the ways you can deposit and withdraw money at Forex.com. This broker offer few different choices Credit Cards, SofortBanking and Wire Transfers.
Ok now it is the time to tell you the ways you can deposit and withdraw money at Forex.com. This broker offer few different choices Credit Cards, SofortBanking and Wire Transfers.
- Debit / Credit Card
You can deposit money with your card it is really simple process and If you deposit small amount I think this is a good payment process to use (You can use any VISA, MASTERCARD, AMEX with Gain I’m not sure for other type of cards because I didn’t test them).
You can deposit money with your card it is really simple process and If you deposit small amount I think this is a good payment process to use (You can use any VISA, MASTERCARD, AMEX with Gain I’m not sure for other type of cards because I didn’t test them).
- Sofortbanking
Sofortbanking is similar as wire transfer but rates for transfer are cheaper and you will have money faster on your account, only problem is that this is offer only in few countries (United Kingdom, Germany, Switzerland, Netherlands and Belgium).
Sofortbanking is similar as wire transfer but rates for transfer are cheaper and you will have money faster on your account, only problem is that this is offer only in few countries (United Kingdom, Germany, Switzerland, Netherlands and Belgium).
- Wire Transfer
Wire transfers to Forex.com (Gain Capital) can be dome in more than 25 currency, for GBP deposits and withdrawals there is not any fee so that’s grate and for withdrawals in other currencies fee is : EUR 15; USD, CHF, NZD, AUD 25 (Base Currency) and JPY 2000 (according to my other brokers gain is 50% cheaper than any other house).
Wire transfers to Forex.com (Gain Capital) can be dome in more than 25 currency, for GBP deposits and withdrawals there is not any fee so that’s grate and for withdrawals in other currencies fee is : EUR 15; USD, CHF, NZD, AUD 25 (Base Currency) and JPY 2000 (according to my other brokers gain is 50% cheaper than any other house).
*Quick Tip: if you see
some offshore payments with your broker like webmoney, liberty reserve, direct
deposits you must know that there is a good chance your broker is scammer and
if something happen you will not be able to get your money back!
Here is Few Things
from Real People about Forex.com?
At the end of the post you get my own opinion about forex.com but here is few testimonials from people that I contacted and that verify their own claims…
At the end of the post you get my own opinion about forex.com but here is few testimonials from people that I contacted and that verify their own claims…
What About Awards
Of Forex.com ?
There is a lot institutions this days that give awards to forex brokers, and I think every one of them give Forex.com some award, in the short period of time gain capital manage to win over 30 prestige awards and here is a list of just few awards I find…
There is a lot institutions this days that give awards to forex brokers, and I think every one of them give Forex.com some award, in the short period of time gain capital manage to win over 30 prestige awards and here is a list of just few awards I find…
1.
Best FX Broker by Shares Magazine
2.
Best Arabic Broker at Middle East Forex and
Managed funds Show in Dubai
3.
Best Middle East Support at Middle East Forex
and Managed funds Show in Dubai
4.
Best Forex Retail Trading Platform by UK Forex
5.
Best Forex Broker USA by World Finance
6.
Best Online Fx Provider by MoneyAM
7.
Best Forex Platform by FT Investors Chronicle
8.
Best Retail Services Provider by MEOT
9.
Fastest Growing Private Companies List by INC500
10.
Best Retail Platform by Profit & Loss Magazine
*There is a
lot more awards that gain capital get in the last few years and if you want to
find all of them you can find it here: http://www.forex.com/uk/awards.html
Forex.com Overall
stats
Ok now it is a time for final score. I personally give 9.5/10 for this broker house, they have everything you need to start your trading carrier, they will help you if you get stacked, there team of analyst is good in my personal opinion, but I would like to see more instruments to trade like Futures and Stocks and that’s why 9.5/10!
Ok now it is a time for final score. I personally give 9.5/10 for this broker house, they have everything you need to start your trading carrier, they will help you if you get stacked, there team of analyst is good in my personal opinion, but I would like to see more instruments to trade like Futures and Stocks and that’s why 9.5/10!
You spend last ten minutes reading about FOREX.COM, now it
is a time to think with your head is this right broker house for you or not.
I’m not going to push you because this is just post that is meant to help to
think differently about choosing your broker, but if this article helped you to
switch to FOREX.COM don’t be shy and open your account by clicking on the button
below.
Enjoy Your Trading Carrier!
Mike Milankovic
P.S. Here is few of the tv commercials of the forex.com, so if you like you should watch them...
Mike Milankovic
P.S. Here is few of the tv commercials of the forex.com, so if you like you should watch them...
