✔️ Information reviewed and updated in February 2024 by Eduardo López
Opinions and information about the Forex.com broker
¿It is the truly reliable Forex.com (aka forex.com) broker? Is it safe for you to invest your money with this company? In this section we will analyze the company and its reputation as such on the internet.
Do you want to give us a hand and help inform about this company? We invite anyone who has experience with this company, to leave a comment with their experience and to rate the company according to their experience with it.
The Forex.com broker is a broker of: Forex, Cryptocurrencies and CFDs.
The broker mentions to be part of: GAIN Global Markets Inc, GAIN Capital UK Ltd and StoneX Group Inc.
Forex.com is based in: United States, Cayman Islands and United Kingdom. Although it is not regulated in the United States or the United Kingdom, which makes us think that it is not really based there.
If we talk about regulation, Forex.com is regulated by the Cayman Islands Monetary Authority.
We will continue to analyze the different account types that Forex.com offers. In the case of Forex.com we note that they have 3 different plans or types of account: the Standard Account, the Commission Account and the DMA Account (Direct Market Access). Although they do not mention the benefits of each type of account in detail, here are some of them:
Standard Account: Clear and transparent pricing and superior business executions, opportunity to cut costs up to 15% with cash rebates, sophisticated next-generation trading platforms.
Commission account: $ 5 commission for every 100K traded, exceptional quality trade executions, powerful next generation trading platform.
DMA account: Trade at prices from global banks and top-tier liquidity providers (no additional markup), viewed from multiple real-time price levels in the Forex.com order book.
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The trading platforms used are: the MT5 platform.
Now, yes, we will go on to analyze the different resources and help that the company provides to traders on its website: some explanations of the products that Forex.com offers, an explanation of basic concepts of the world of investments, some live charts, economic calendar, financial event news, pip calculator, really not much else.
Additional information about the company
Phone number: does not have.
E-mail: be contacted directly from the website.
Clarification: The investment company Forex.com works in different countries, so the information provided may not apply to your country, this review is directed to Latin America and / or Spain.
* Bonuses or promotions: None by the moment
With the information we have so far, the comments and reviews of users and traders, our opinion is that it looks like a company we should be careful with.
Why? It is a regulated broker but regulated by a very unsafe regulatory body (from the Cayman Islands), it is based in very unsafe countries (Cayman Islands), when looking for information and other reviews on Forex.com we found a large number of negative reviews.
Do you know this company? Do you think our opinion is not correct? Have you operated with this broker? Share a comment with your experience.
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