Forex.com is a well-rounded solution with great combination of powerful tools, research, and pricing targeted at the forex market. All traders can benefit from their trading environment app store to customize every aspect of their platform.
Customizable platform taken to a whole new level
All of Forex.com’s displays, tools, and reports are customizable, enabling you to set things up so everything you need is where you need it, when you need it. You can even use partner apps for further customization. Tradable, available only from Forex.com, is an app store that enables you to fully define the feature set of your trading environment. Another example: Set your Autochartist pattern recognition charts and trading software to match the opportunities you see in the market and execute trades how you want to.
One of the most complete mobile solutions on the market
Forex.com’s mobile solutions for iPad, iPhone, and Android are engineered to give you all the same tools as the full version. Their mobile apps don’t skimp on sophisticated features such as advanced orders, which are important on the go because it enables you to cancel orders with other trades, create conditions for trades to be placed, and use trailing stops for profit taking. Additionally, educational videos on the apps offer you the opportunity to learn to trade forex from anywhere, anytime.
Transparent ECN pricing cuts out the middleman
Forex brokers are moving toward a more transparent Electronic Communications Network (ECN). Forex.com’s system removes the middleman for trades, increases transparency, and lowers trading costs. Many other brokers offer something similar, but some such as eToro and Oanda still use less efficient Dealing Desk or Market Maker models, which tend to have conflicts of interest.
Diverse research for the fundamentally minded trader
If you tend to trade for the longer term and take advantage of fundamental news and analysis, Forex.com is for you. Daily, weekly, and quarterly research reports are published from outside sources as well as a full-time, in-house analyst team. Use fundamental reports with Forex.com published technical indicators and pivot points to execute a well-timed entry point.
Other investment products limited in the U.S.
U.S. traders who enjoy Forex.com tools and customizable platforms may be surprised to learn they cannot enjoy the same conveniences to trade other products. Stock, futures, or options trading are not available for any client, although some CFD products are available for overseas clients. Clients looking for diversification can try thinkorswim or MB Trading.
Costs and Fees
- Forex Trade: $13
- Forex Trade Cost Type: Pips
- Futures Trade: N/A
- Minimum Deposit: $500
- Options Trade: N/A
- Stock Trade: N/A
- Clearing Method: ECN
- Maximum Leverage (International): 50:01:00
- Maximum Leverage (U.S.): 50:01:00