Gain Capital FOREX.COM Review : Forex.com Review

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.

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:

- 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 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.

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.

- 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).

- 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).

- 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).

*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…

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…

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!

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.