• Welcome to binaryoption.ae forex forum binary options trade. Please login or sign up.
 

forex.pm

Started by admin, May 08, 2020, 04:42 pm

Previous topic - Next topic

admin

forex trading strategies First, what timeframe to use? The eternal question. Trade the ones that work for you. If you work and you do not want to (for now) do full time forex trading, focus on the daily, H8, H4 charts and use lower leverage. If you want to trade full time and you are willing to watch your screen constantly, you can trade shorter timeframes. I trade centered on H4, using H1, H4, and the daily, but I also keep an eye on the weekly to have the "big picture" in mind. The longer the timeframe, the wider the stops you need to have and the lower the leverage. Longer timeframes have less market "noise" and are less erratic. There is almost no logic in the 1 minute or 5 minute charts, but some DO make money off of these charts. It's really up to you. If you want to enter and exit 10 trades per day, use H1 and below. If you prefer to analyze the charts, follow the market news a bit, and take a bit of time, then trade H4, H8, or the daily. When you enter a trade, you must have some "target" in mind and some point where you should exit at a loss if the market goes against you. These are TP (take profit) and SL (stop loss) orders, which you typically set upon placing your buy or sell order. These can be changed at any point during the trade.
It is worth mentioning that trading is all about probability. You want to tilt probabilities "in your favour" ideally more than 50%. This is not totally true, but for retail traders it essentially is the brutal reality. Some traders who can take many losses (those who are well capitalized) can be "wrong" 70% of the time and STILL be profitable: 7 losses of 20 pips and 3 profits of 60 pips = +40 pips (which can be 400$ or 4000$, depending on your trading account size and leverage). The problem is that most retail traders like you and I do not have the capital or the mental fortitude to withstand a system with a 30% success rate (and a 70% fail rate!), so for all practical purposes, we will say that you as a retail trader should aim to have a better-than-50-50 success rate, with average losses at least a bit lower than average gains. This is called your "edge" (what makes you profitable). You NEED an edge and this is what will consume all your time and energy if you are serious about one day becoming good and profitable at currency trading. A System does NOT have to be complicated. Do NOT buy systems from others -- they will work randomly and you will eventually lose money. There is no way around it: you must find YOUR system and style, and that is a lot of effort and mental energy. Period.
As a retail trader, you typically want something like a 60% or 70% win ratio with equal or slightly smaller losses than profits: 3 losses of 20 pips + 7 wins of 20 pips = +80 pips.
Some push for a "profit-to-loss ratio" of 2:1 or whatever, setting stop losses at say 20 pips and profit targets at 40 pips. That is fine, but that means you are placing your stop loss twice as close to the entry price as will be the profit target, and that does NOT guarantee a winning strategy, because it increases the probability of hitting the stop loss. The probability of hitting your stop loss is determined by 2 things: 1) the quality of your entries and 2) the distance between the entry price and your stop loss. The better you are at entries (i.e. price goes "in your favour" almost right upon entry most of the time), the smaller your stops can be, but the compromise is always there anyways.
Returning to probabilities... The expected profit of any trade is given by: E(profit) = p(loss) + (1-p)(profit), where "p" is the probability of hitting your SL. The closer your SL is to your entry point, the higher "p" will be. You can tilt p in your favour (lower it) by becoming the king of entries, but that takes time and dedication, and lots of focus. Just know that it's not as simple as it is sometimes presented with the 2:1 or whatever win-to-loss ratios for setting stops.
Suppose I set my stop loss at 20 pips and my profit target at 40 pips. If there is not enough "air" between your stop loss and profit target relative to the normal movement of price on your holding period, the probability of hitting your stop loss is too high... EVEN if you have a good entry, which should "tilt the odds" in your favour (i.e., increase the probability of moving AWAY from your stop loss shortly after entering). Until you become extremely good at entries and have "tight" entries after which price goes in your favour almost immediately, use low leverage and small amounts. Beware of stop hunting around R/S values and round numbers. You must also set logical profit targets: not "on the other side" of major R/S values, as this reduces the probability of hitting them! Note that I talk a lot about entries, but I think EXITS are even more important and considerably harder to master, so put as much effort on exits as you do on your entry strategies.
Your trading system must have rules to force you into discipline and tilt the probabilities in your favour, on average. Among your biggest enemies are emotions, overtrading, fear, and greed. My personal weakness is greed -- I have a tendency to "overstretch" winning trades. I have simple rules. For example, I never trade against the direction of H4 MA50, I never short JPY or CHF, I always wait for a "retest" of R/S levels in H1 before entering for a bounce or a breakout, I never trade "against' the current H1 candlestick (if it is "up" even a bit, I do not short, even if it has a clear "bearish tail" on a solid resistance), I rarely trade against the COT report, if price makes a huge move and I did not catch it, I WAIT for a retracement before entering (if it is still "logical" to do so based on my understanding of what is going on and based on my rules), I try to enter on a "wave" (always in the same direction as where H4 MA50 is pointing recently) ... I have a few other rules, but as you can see, they are simple and clear and quite restrictive! That gives me an edge.

admin

Waves Look at this H4 chart of usdjpy of early 2017:
Notice the 2 clear phases of down "waves": one at the very start and one at the end, when price is below MA50 and ends an "up move" and prints a bearish candle ... THAT is an entry signal for me. I exit when I see signs of exhaustion (dojis) or other market information, which often happens after 3 waves. These waves were noticed by Ralph Nelson Elliott a long time ago and were called "Elliott Waves", but you do NOT have to study the (sometimes ridiculously overcomplicated details) of "Elliott Wave Theory" to trade them, as long as you understand what is going on in the market and you know how to "read" a chart with price action and moving averages!
Why do prices move in waves? There are 3 main reasons.
Let's take a downtrend for discussion. Sellers enter the trade and price goes down. They are happy because they are in profit. They decide to exit their shorts once key levels are reached and they "take profit", which removes sell pressure and tilts the power towards buyers for a while ... if the down move is driven by strong fundamentals, the sell pressure eventually returns and sellers re-enter, thus creating a second wave, etc. That's the first reason.
The second reason for waves is massive forex market orders, in the billions, which are often driven by actual fundamentals such as asset demand, trade, etc. Suppose for example that a large US mutual fund wants to buy huge amounts of Canadian bonds denominated in CAD or that a huge US importer wants to buy CAD to buy Canadian export goods. They need to buy a huge amount of CAD and if they do so too quickly, they will cause the price of CAD to spike and they will inflict on themselves a high price to pay now and in the near future! This means that super large orders come in waves: they buy 4 times 500 million instead of once 2 billion. These 4 large orders (but not mega orders such as 2 billion) create waves while they pass through the market and bring CAD buyers (and USD sellers) along with them, thus pushing usdcad down. When the short-term effect dissipates, the temporary removal of their large orders along with profit taking (traders exiting positions) moves the price in the opposite direction. These waves can sometimes last a long time when they are driven by strong fundamentals, such as massive global carry trades.
The third reason is strangely related to the second one: if you have a large buy order, you want to enter at a LOW price, right? What to do? You first push the price down with a mega SELL to "bring sellers into the market and add to the down move" ... this moves the price down... once the price is low, you go with your large buy order at this better (lower) price. Get it? Large players DO "manipulate" the market in the short run, but they do not change the general direction of a pair in the longer run, simply because the global market is way too big for any one player to fudge it for a long time in any significant way.
Carry trades Look at this daily chart of eurnzd for 2016 and early 2017:
First, notice the waves. Second, notice the 1-year downtrend. Why? Returns on German and most zero-risk Euro Area 10 year bonds were zero, while they were 3% in New Zealand. There were thus massive leveraged borrowings in Euros that were "exchanged" for NZD (sell EUR, buy NZD) to benefit from the different returns, and this depreciated EUR versus NZD... and the wave structure is still there. There is ALWAYS a wave in some timeframe. Sometimes it's "horizontal", which means the market is ranging up and down, other times it is trending strongly like this. Massive carry trades occur in specific macro conditions and they can also "unwind" massively in specific conditions, creating an opposite trend.
Trends and long term trades As strange as it may seem, I generally recommend to NOT trade "against" the main trends (H4 or D1 -- I prefer H4, as it is more timely), EVEN for day traders. Why? Because you must understand what is "behind" that little innocent chart you are looking at: BILLIONS... hundreds of billions of dollars of exchanges on many pairs, driven by large players like banks, hedge funds, multinationals, pension funds, mutual funds, sovereign funds, huge central banks, mega trade orders triggered by computers, etc. Do NOT go "against" these massive players, even if your holding period is 2 hours! Because, on average, in the long run, price moves WITH the market and those moves will have greater amplitude, and your "edge" will have an extra edge to it -- the entire market! As long as the trend is not flattening, do NOT suppose it is ending and just go with it without question when it respects your other criteria.
How much time should you let your position open? It can be a few minutes to several weeks. Both approaches have pros and cons. The longer your open position will be, the more exposed you are to "news effects" and weekend gaps and large price fluctuations. This means you must use less leverage. Enterering a long-term trade STILL can be "fine tuned" right down to the H1 chart: you analyze the pair and you think a long-term uptrend will soon start -- a trend that you think will go for 500 pips. This is done with the weekly and daily charts and often some FA. Then you drill down to find a good "entry" for your long-term trade. You identify that "today" is a good general setup for entering long. But you don't just enter and leave it there, because a bad entry could cause a 100-pip drawdown or more before price starts to go in your favour, so you want to "fine tune" the entry by drilling down to H4 and H1... the tighter your entry point, the less of a "starting" drawdown you will have to endure.
When to exit is a long story as well, but if you are holding long-term positions, it will typically be due to the breaking of a trendline or MA. You must also move your SL strategically during the life of the trade, but not putting it too close so that you stay "in" your position. This could last a long time. You can also set a simple trailing stop. For example, if you entered correctly and you expect 500 pips of profit, you may set a trailing stop of 100 pips after the trade has moved +100 pips in your favour.
Exiting losers and psychology I would dare say that most traders are "right" in their trades... at some point. "Probably" price will go in the direction you thought it would ... at some point... the issue is that you can't wait 3 weeks and tolerate huge drawdowns while you "wait" for price to go in your favour! This is why I say: if your analysis is correct and you trust your system, KEEP TRYING... but don't be stubborn! What do I mean? Suppose you think eurusd is going down. OK. Now suppose your max tolerance drawdown is 20 pips. If you enter and price moves against you, EXIT for now, wait a bit, try again later with a better entry... yes, you will pay the spread every time you "try", but you will be happy if price really moves opposite to what you thought... and you are proven totally wrong by orders of magnitude! Yes, this also means that you may exit and price goes in your initially planned direction... well if you stick around and watch the chart, you can simply re-enter once it clearly "moves" in your direction... or you will simply miss that move... SO WHAT? I PROMISE: there will ALWAYS be a next profitable trade! Remember this. Write it in red and bold.
Margin: margin is used to refer to the money in the account of a trader. Often, the average forex trader cannot trade a high volume due to insufficient margin, which is a requirement for such trades. Thereby, they lose the opportunity to make a good profit. But today, a lot of forex brokers provide their clients with leverage to meet up with the right margin for high volume trades.

admin

People who want to catch all possible moves suffer from emotional control and a scarcity mindset. I PROMISE: in forex trading, there are ALWAYS plenty of good setups coming in the next days, weeks, and months. ALWAYS. Remember this and do NOT aim to "catch all the big moves" ... that is THE way to lose money. In fact, I would say that you need a system that will keep you OUT of the market most of the time! THAT is what will discipline you and put some stucture, logic, and order in your trading.
CUT . LOSERS . BRUTALLY ... turn away and never look back... remember: there are thousands of future good setups in the coming weeks, months, and years! Chill! You are losing nothing at all.
If you are not yet "tight" with your entry strategy, but you ARE generally good at understanding the market and knowing "where it is going", on average, here is a typical approach you could have for a small retail trader with anywhere between zero and 10k in a trading account.
On the same pair and for the "same trade": ​ Scenario 1: correct direction, bad first 2 entries Try 1: bad entry... cut loss at -8 pips total (including spread) ... Try 2: bad entry... cut loss at -12 pips total (including spread) ... Try 3: goes almost immediately in planned direction for +55 pips. Net: +35 pips. This is really one trade with a loss of 20 pips and a profit of 55 pips.
Scenario 2: incorrect direction Try 1: bad entry... cut loss at -8 pips total (including spread) ... Try 2: bad entry... cut loss at -12 pips total (including spread) ... Try 3: bad entry... cut loss at -10 pips total (including spread) ... and stay out! Net: -30 pips. This is really one trade with a loss of 30 pips and a profit of zero.
Scenario 3: correct direction AND good entry Try 1: goes -7 (including spread) ... and immediately goes to a net of +55 pips. Net: +55 pips. This is one trade with net +55 pip profit.
As you can see, I am a fan of "3 strikes you're out" ... if you fail after 3 tries, either you seriously suck at entries and you need to work on your entry strategy OR you are fine with entries, but you are simply wrong about where price is going, given your chosen chart and open position timeframe. Notice how important it is to cut losing trades fast and to let winners run and "mature" to capture as much pips as possible. Of course, don't overdo it, because you may do the worst of all: turn winners into losers, which is not recommended... but the classic "you can't go broke taking profits" is not totally true, because if you "take profits" too fast (small profits), they will not compensate for the losses! Also obvious is that the better you are at entries AND at good "anticipation" of future direction, the more profitable you will be, which is trivial, but still good to explicitly mention, and this requires good entries, good exits, good money management, solid emotional control, and a good understanding of FA and TA.
People who tend to be anxious and nervous, insecure, and hesitant will have a harder time with forex trading, especially the shorter timeframes. You need a system with clear rules that constrain you and keep you from 1) overtrading and "chasing the market" 2) hesitating to the point of over analysis and paralysis 3) not cutting losers 4) taking profit too fast, and many other problems. forex traders need to work on inner calm, centeredness, focus, balance, clarity of mind and spirit, mental and physical health and fortitude, a strong mental and emotional core. May I recommend rock climbing! It helps a lot. But whatever way you take, find ways to work on these aspects of your life, as they are solid foundations for good, sane, and happy trading.
Closing remarks I will stop here even if there is a LOT more to discuss! A LOT! But this is not an ebook and is already a very long post! At least it gave you a few useful tips, I hope. My mission is to help you, and I hope that is what I did with this (long!) post. Like and share!
forex Trades.
Trade Trader Return Pips.
USD/CAD BUY 1.4507.
USD/CAD SELL.
EUR/AUD BUY 1.8533.
-0.1% MTM -14 MTM.
EUR/USD SELL 1.0866.
GBP/JPY SELL 127.55.
XAU/USD BUY 1,491.25.
DE./30+ BUY 8,481.1.
Gold BUY 1,492.18.
CL BUY 22.66.
USD/CHF BUY 0.9708.
EUR/USD BUY 1.0863.
XAU/USD BUY 1,491.73.
XAU/USD BUY 1,491.36.
Goldmicro BUY 1,490.36.
EUR/AUD SELL 1.8526.
0.1% MTM 2 MTM.
XAU/USD SELL 1,489.6.
Gold SELL 1,489.9.
Gold SELL 1,490.
XAU/USD SELL 1,490.56.
XAU/USD BUY 1,492.36.
Us30 SELL 19,877.4.
GBP/USD BUY 1.1787.
Ftse100(£) SELL 5,078.3.
Xauusd.i BUY 1,492.83.
US /OIL BUY 23.26.
EUR/USD BUY 1.0859.
AUD/USD BUY 0.5862.
-1.7% MTM -1 MTM.
XAU/USD BUY 1,492.76.
GBP/USD BUY 1.1784.
@CL/_J0 SELL 22.61.
DE./30+ SELL 8,501.5.
USD/CHF SELL 0.9708.
DE./30+ SELL 8,508.2.
Wti BUY 22.76.
GBP/USD BUY.
You enter a trade and it goes against you. Your general tolerance for a trade is about -20 pips, after which you consider the loss to be too much and the trade a probable fail. Initially it goes to -8 pips... then -15... then -28... Your brain and ego seek escape: avoidance and denial start to make their way... "it will turn around any time soon" ... -33... "I am sure it will soon turn." This is gambling... Then it becomes real, and you do not WANT to realize the huge loss. You stretch the denial and you enter hoping and wishing mode... disconnected from reality. STOP.
DE./30+ BUY 8,515.6.
US /OIL SELL 23.29.
EUR/AUD BUY 1.8532.
US./30+ BUY 19,922.
Mar Rank/Explorer Mar Return Trader Return/Days #1 Ana Live62.
Xauusd.i SELL 1,492.3.

admin

Instrument Long Traders Long Lots Long Traders / Lots Short Traders Short Lots Short Traders / Lots Detail.
44% 169 Traders 217 Traders 56%
50% 72.9 Lots 73.8 Lots 50%
52% 122 Traders 114 Traders 48%
43% 24.5 Lots 31.9 Lots 57%
57% 98 Traders 74 Traders 43%
61% 19.2 Lots 12.3 Lots 39%
66% 62 Traders 32 Traders 34%
64% 5.9 Lots 3.4 Lots 36%
37% 53 Traders 89 Traders 63%
42% 26.0 Lots 36.3 Lots 58%
59% 93 Traders 65 Traders 41%
81% 25.3 Lots 5.8 Lots 19%
49% 47 Traders 48 Traders 51%
53% 6.5 Lots 5.9 Lots 47%
54% 65 Traders 55 Traders 46%
52% 12.4 Lots 11.4 Lots 48%
Data Source: Trade Explorer.
The data on this page is sourced from traders using forex Factory's Trade Explorer, a web-based interface that empowers traders to intelligently analyze their trading performance.
forex Factory® is a brand of Fair Economy, Inc.
FF Sister Sites:
THE BEST FREE forex SIGNALS!
Full access to Signal Reports.
Business Confidence Among Asian Companies Deteriorates on Account of Coronavirus Concerns.
WTI Crude Oil Breaks $25 and Heads for $20, as Saudis Threaten to Flood the Market.
How is the Crude Oil Crisis Impacting Oil Refiners?
Inflation has been softening in Canada during the end of last year. CPI declined in four out of the . Full Article.
EUR/JPY's Choppy Trading Continues - Bearish Channel in Play.
China Might be Recovering, but if the World Goes Into Quarantine, Chinese Economy Will Falter Too.
UK Government Rolls Out Larger Fiscal Stimulus Measures.
FX Leaders forex signals are essentially trade ideas. The trader receives the position (buy/sell) posted on the forex signals page together with the stop loss (SL) and take profit (TP) levels. All traders need to do is to copy the trade at the market price when the signal goes live.
In addition to 'Active' (live) signals, FX Leaders uses 'Get ready' signals. This type of signal is published to let traders know when the FX Leaders analyst team sees a favorable technical chart setup or fundamental event, and are about to open a live signal.
As a premium member, you will receive email messages and a notifications on your mobile phone so you never miss a trade. Additionally, you will instantly receive the full signal details which includes the time the signal was issued, entry price, the instrument to trade (forex pair/commodity/index/cryptocurrency), type of signal (buy/sell), adn the take profit and stop loss levels.
There are all sorts of forex signal services available. Many individual forex traders provide signals through the MT4/MT5 platforms or through their brokers as trade copiers, such as ZuluTrade or eToro. At FX Leaders, we have a team of professional traders and analysts who generate new forex signals every day. We are proud of our services and performance and are constantly working to improve them.
In 2017/2018, FX Leaders introduced new trading signals on commodities, indices, and cryptocurrencies, allowing traders to diversify their trading portfolios. If you have been following FX Leaders, you may have noticed the connection between our live market updates and our forex signals. Besides issuing signals, we try to accompany the signals with the strategies and reasons behind them.
You don't have to follow all our signals by the book. forex signals are trade ideas, so it's best to consider them as such and whenever possible to increase your profits. Stop loss and take profit levels are given in order to frame the range in which the market is expected to move based on a specific trend. If your trading strategy points to further gains, don't limit your potential. extend your take profit (TP) target or remove it all together to maximize profits.
Our signals are managed manually since they are created by our experienced analysts who apply different manual trading strategies to the markets. This is opposed to other signal providers whose signals are generated automatically. There are pros and cons for both services which we explain in our "Forex Signals - Auto vs. Manual" article. We prefer manual signals as we see more value in human intelligence than in artificial intelligence.
FX Leaders' expert analysts employ both short and long-term trading analysis and strategies. Due to this, different types of traders can use FX Leaders' trading signals as the signals can match different trading styles, such as technical analysis trading, fundamental analysis trading, day trading, and swing trading.
Want to learn how to best use FX Leaders' free forex signals? Read the Full forex Signals Guide Want to get buy/sell signals notifications in real-time? Try our Premium forex Signals Service Want to get live coverage of economical events? Visit our forex Economic Calendar.
"Great work guys and I can confirm that I rode at least 300 of those 800 pips of profits which your trading signals spotted over the last 2 days. It was great for my account. I just need to know how on earth you guys manage it?" Frank Carlini , Canada.
"I've traded with your free forex signals for almost a month now and so far so good. It is the first time that i copy forex signals, and honestly, it is so much better than trading by myself. I am actually enjoying it. I could not believe that someone was giving away free signals that actually worked! I thought there had to be a catch, but to my amazement they do work and for the first time I will more than likely open up a real account because of you. Keep up the good work" Siddhart Mohan , South Africa.
The pattern of CAD appreciation was quite generalized (in most cad pairs) in Jan and Feb 2017. Then in late Feb, rumours started to circulate that the Canadian Federal Government was going to significantly increase taxes on capital gains! This instantly made Canadian assets LESS attractive to global capital and there was a very quick response, as you can see with the swift upward move of usdcad on the far right of the chart (depreciation of cad versus usd) ... and this swift depreciation of cad was generalized in all cad pairs.
"Looks like there are some great minds behind your fx signals watching closly those candlesticks, always getting the job done. thank you!" Eliud, Kenya.
"Great work guys, I am going to get a premium account. Thanks for the best signal." Kawsar Ahamed, Bangladesh.
"I came across fxleaders.com and started following your trading signals. I could not believe that such great performing signals were totally free! I am thankful for this service & support. Services as yours are really helpful for newbies like me. Highly recommended!" Silvio Bucheli , Italy.
forex com.

admin

AUD/USD: New 17-year low prices.
Daily Market Analysis.
Global Markets Fall Despite Coordinated Central Bank Action 3/18/2020 1:10:54 PM | Fundamental Analysis Yen Broadly Higher on Rising Demand 3/18/2020 1:00:43 PM | forex News Japanese Exports Lower in February 3/18/2020 12:48:01 PM | forex News USD/JPY forex Signal: Consolidating 3/18/2020 12:45:38 PM | Free forex Signals AUD/USD forex Signal: Wildly Bearish 3/18/2020 12:21:45 PM | Free forex Signals.
Top Online forex Brokers.
Latest Trading Signals.
Recommended Brokers March 2020.
DailyForex has all the resources that traders need to succeed, including comprehensive forex reviews, daily forex news and technical analysis for the major currency pairs. See how the right forex reviews can help you master the currency markets!
Stay Updated!
Most Visited forex Broker Reviews.
Also Available on.
Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.
Traders in Russia welcome forex.com Facts & Figures.
forex.com Review and Tutorial 2020.
forex.com boast a global reputation. Regulated in the UK, US, Canada and Australia they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
Awards • Best US Broker 2020 - DayTrading.com • Best US Broker 2019 - DayTrading.com • Runner-Up - Best forex Broker 2019 - DayTrading.com Instruments CFD, forex, Crypto, Stocks, Futures Demo Account Yes Min. Deposit $50 Min. Trade $1 Regulated By FCA, CFTC, ASIC, FSA, CIMA MT4 Integration Yes Mobile Apps Yes Auto Trading Automated trade supported through trading platforms (MT4) Trade Signals Yes Islamic Account No CFD FTSE Spread 1 pt GBPUSD Spread 1.0 Var Oil Spread 0.04 Var Stocks Spread 0.1% (Min Commission Applies) forex.
GBPUSD Spread 1.0 Var EURUSD Spread 0.7 Var EURGBP Spread 0.7 Var Assets 80+ Cryptocurrency.
Trade the major Cryptos against USD, EUR, GBP and AUD. All traded with tight spreads. No virtual wallet required, just a trading account.
Spread BTC 1.4%, ETH 2% Coins BTC, BCH, ETH, LTC, XRP.
forex.com is one of the largest online retail forex and CFD brokers. They facilitate access to over 180 global markets, including forex pairs, stocks, indices, cryptocurrencies and commodities. Our forex.com review will examine all aspects of their offering. From trading platforms, mobile apps, fees and demo accounts - to spreads, leverage and MT4 integration. Get all your forex.com questions answered and login to trade today!
forex.com Trading Platform.
forex.com reviews are quick to praise the number of trading platforms available. This ensures there is software available for traders of all experiences levels. In fact, you get access to all of the following:
Advanced Trading Platform.
This powerful and sophisticated platform will meet the vast majority of traders needs. The user interface is simple but elegant.
forex.com offer Direct Market Access (DMA) - and are the only broker who offer it to US traders, in addition to all their other accounts.
The platform itself comes packed with drawing tools, 15-time frames, advanced live charts and over 100 technical indicators.
Moreover, users can create their own custom indicators. Customisability doesn't stop there either, as you have drag and drop windows to find a layout that suits you.

admin

Once you have completed the software download, you will also get access to a number of integrated trading strategies, from scalping to reversal techniques.
forex.com are a leading forex broker. Offering the largest range of currency pairs (80+) and some of the tightest spreads in the industry.
On top of that, you get all the signals and historical data you could possibly need. The newsfeed is another useful addition that can help you stay in the know from inside the platform.
Web Trader.
For those looking for a quick and easy to use platform, their Web Trader may be a sensible choice. It is compatible with most browsers and saves any memory draining download.
You will also get advanced charting, a long list of trading tools and over 70 technical indicators.
There is access to a clearly laid out economic calendar, while you can create all the trailing stops and stop-losses you need too. You also have full account management.
In fact, there are over 100 templates that you can customise through their Development Studio. You can also create multiple watch lists.
So making deposits, withdrawals and tracking profits is straightforward.
Overall, if you are interested in web trading and still want access to a long list of products, including cryptocurrency, such as bitcoin, then the Web Trader should tick your boxes.
MetaTrader 4.
The MetaTrader 4 and 5 platforms dominate the scene when it comes to FX and CFD trading. This is because for active traders, the MT4 and MT5 platforms are easy to use, highly customisable and offer in-depth trading tools.
Expert advisors are also supported, for those interested in putting a trading robot to work on their behalf. The added bonus of opting for the MT4 download is that you can find a huge number of tutorials online to help you make the most of the platform.
Finally, MetaTrader 4 login is made easy as you simply head over to the forex.com website and follow the on-screen instructions to get set up.
forex.com actually boast the largest number of servers to host Metatrader - more than any other broker globally.
They offer Meta Trader Web and Meta Trader Mobile plus add-ons. They are leading the MT4 & MT5 broker for integration.
Verdict on Trading Platforms.
Overall then, there are enough platforms on offer to satisfy all types of traders' needs, from complex market and technical analysis to quick and easy web trading.
In fact, if you compare forex.com vs thinkorswim, Nadex, NinjaTrader or other similar systems, you will find the diverse forex.com offering meets all while also exceeding some.
The European brand competes with the likes of CMC Markets and Saxo Bank and the comparisons are favourable.
It's also worth noting there is GAIN Capital's GTX Direct platform. As an ECN broker, this is aimed at high worth individuals, requiring a minimum deposit of $100,000. On top of a highly sophisticated platform, you benefit from tighter spreads. However, on the whole, this attracts more attention from institutional traders than your average retail traders.
A Brief History.
Before we get into the details of forex.com min deposits and pricing, it can help to have some context about the one of the world's largest retail forex brokers. The company was founded in 1999 and is part of GAIN Capital Holdings, who are regulated in numerous locations, including:
In fact, GAIN Capital group serves over 200,000 global customers. This history is important because it should negate concerns over scams, as forex.com is owned by a legitimate and trusted company with decades of experience meeting traders needs.
The company also offer the international 'City Index' brand for spread betting.
Minimum Initial Deposit.
Before you sign up with forex.com, login, and download any software, you need to make sure you are aware of all account requirements and trading fees.
The minimum initial account deposit is 50 units of the base currency of your account (e.g. £50, €50 or $50).
Whilst you can find brokers offering lower minimum deposit requirements, you can also find some offering far higher, so forex.com is fairly industry standard in this regard.
Spreads & Commissions.
forex.com do not charge a fee on forex trades. Instead, they are compensated via the spread. When it comes to some of the largest forex pairs and shares, forex.com has average spreads. But the broker offers below average costs for index and commodity CFDs.
The company has four different pricing models. Which one you will fall into will depend on the type of account you hold and the volume you trade. Typical spreads range from 1.9 pips to 0.84 pips.
It's also worth noting that if you hold a premium account and deposit at least $10,000 while trading 30 standard lots per month, you can receive up to 15% off standard pricing.
Overall, if you were to compare forex.com vs FXCM, Oanda, TD Ameritrade and other competitors, live pip spreads would be about the same, particularly for major pairs such as the EUR/USD.
Leverage.

admin


You can also trade on margin to capitalise on potential investing opportunities. However, this is effectively a loan which if not used carefully can amplify losses.
The maximum leverage you can take out will vary on your account type and activity. So head over to their website to use their margin calculator and find out what leverage ratio you can get.
Leverage is restricted for retail european traders (as per European regulations). Professional traders can however, operate with higher levels of leverage.
Other Trading Fees.
forex.com does charge an inactivity fee of $15 per month if you do not open any positions for over 12 months. However, you can contact forex.com to temporarily disable your account and this fee can be avoided.
In addition, you can face steep rollover rates if you hold positions overnight. Fortunately for day traders, this cost should be easily avoidable.
Unfortunately, forex.com fall short in terms of promotions and bonuses. In fact, there are currently no deposit bonuses or promotional codes available. Having said that, this may change so keeping an eye on their official website is sensible.
Mobile Apps.
Once you open a forex.com account you will also be able to download their apps for Android and iOS. Reviews show users are pleasantly surprised at the full trading capabilities, advanced charts and integrated trading tools.
You can set up alerts, access an economic calendar and utilise integrated Reuters news.
All apps have 26 indicators and 13 drawing tools. On top of that, scrolling between live quotes, charts and current positions takes but a few seconds.
The newest version of the app includes 'dynamic trade ticket' with risk management updated in real time, orders set by price, pips and PnL and powerful new charting (including templates) provided by TradingView.
On the side of the app, you can access support via phone or live chat. You will also find training videos within the app to help you make the most of their offering.
User reviews particularly like the iPhone and iPad apps, where the sleek user interface really comes into its own.
You can also easily view rates, market analysis and change your leverage from within the app. Depositing and withdrawals can also be made from within the application.
Furthermore, you get the same access to their extensive markets from their apps, so you can start oil trading or speculating on BTC/USD.
Methods of Payment.
Once you sign up with forex.com you will have to fund your account. There are multiple deposit and withdrawal options:
UK: Paypal, Debit / Credit card, Bank transfer US: Debit card, Electronic bank transfer wire, check, eCheck, wire RoW: Debit / Credit Card, Bank Transfer.
Note you can also wire funds to your account via Sofort Banking. Funding your account by any of the above means is quick and hassle-free. However, the minimum transaction amount is $30 and the maximum transaction allowed is $10,000.
Despite a number of other brokers facilitating it, you cannot fund your account via Paypal once you have your account login details.
Head over to their website or their live chat support for detailed instructions on how to withdraw your funds.
forex.com Accounts.
For most clients, there are two live accounts to choose from. Account requirements are the same, but with one you will use forex.com's proprietary trading platform and with the other, you will use the industry standard MT4 software.
With both you can get 200:1 margin and almost all the same features.
However, the MT4 account does not offer shares and has 4 fewer commodities. You also have fewer order types and less ability to set user-defined price tolerance.
forex.com also offer an Islamic account. Head to their website and follow the on-screen instructions to fill out the application form.
Active Trader Account.
Clients from some locations will also have access to the forex.com Active Trader account. This is best for those generating significant trading volume.
The advantage of this trader account comes in reduced pricing on standard spreads. As a result, you could trade on the EUR/USD for as low as 0.4.
On top of that, you also get:
Priority service Account reports Zero account fees Personalised support Discounts on popular markets if monthly volume levels are met.
However, the rules for this account dictate that you must maintain a minimum average monthly balance of $25,000.
If you can maintain an average account balance of $100,000 you will be upgraded to discount level 2, where there are even greater benefits.
Demo Account.
Customer reviews and ratings of the practice account offering are mostly positive. forex.com offers two free demo accounts. There is a practice account available on the forex.com trading platform and an MT4 demo account available.

admin

Both are a fantastic place to learn to trade without risking any of your own capital, as your demo account will be funded with $50,000 in virtual cash.
Once armed with your demo account login details, you can practice trading your favourite markets, such as Germany's Dax 30 index. You also get:
Professional charting - Clients can connect their account and trade from TradingView is it suits them. Actionable insights and analysis Simple and complex order types Account management from mobile and tablet apps.
Tracking your progress is also straightforward, whilst finding user guides and research to help you improve is easy. However, it is worth noting your practice account won't reflect the slippage you may experience with a live account.
Once you are familiar with the markets and your confidence has grown, you can then easily close your demo account and upgrade to a live account.
Additional Features.
forex.com is also an enticing proposition because of the number of useful additional features on offer. For example, the learning centre provides in-depth educational material. There is even the self-study course 'Learn to Trade forex.' This seven-part course includes:
Pip calculators Trading on margin Advanced charting Establishing lot sizes Technical analysis & tools Recognia (Desktop only)
There are also interactive courses, complete with training videos to help you understand chart patterns and manage risk.
The 'Foundations of forex Trading' webinar series is also available for traders - run in association with Trade with Precision - traders can sign up to these directly.
Printable workbooks and quizzes are also thrown in to keep learning light-hearted.
On top of the learning resources, traders can also benefit from:
Quarterly outlooks Live daily market updates Comprehensive technical reports Weekly insights on major financial events.
Head to the Pivot Points section and forex.com lists daily, weekly and monthly support and resistance levels. Within the technical section, you can find an alphabetised glossary of financial terms.
Finally, there is the Introducing Brokers referral scheme. If you reel in new customers, you can choose from generous compensation models.
No upfront investment is required and you can track your progress with their straightforward partner portal.
forex.com MT4 Dashboard.
forex.com Regulation & License.
Unsurprisingly user reviews are consistently impressed that forex.com is regulated in numerous jurisdictions and adheres to a high standard of corporate governance. In fact, the broker is regulated by:
UK's Financial Conduct Authority (FCA) Canada's Financial Services Agency (FSA) Hong Kong's Securities and Futures Commission (SFC) Investment Industry Regulatory Organisation of Canada (IIROC) National Futures Association (NFA) Securities and Exchange Commission (SEC) Commodity Futures Trading Commission (CFTC)
High levels of regulation bring with it clear benefits to day traders.
Firstly, you can relax knowing forex.com can be trusted.
Secondly, through regulation by the FCA, customers can receive up to £50,000 via their compensation scheme in a number of scenarios, such as forex.com becoming insolvent.
It's also worth noting that the company holds licenses and is regulated in a number of other countries, so traders from Singapore, Vietnam, Russia, China, Indonesia, India and a whole host of other nations are also able to trade online with forex.com.
CIMA regulation has led to huge growth for the brand in the Middle East, across Africa, South and Central America and South Asia.
See further below to check whether you live in the list of accepted locations or are covered by local regulators.
Benefits.
There are a number of advantages to being a forex.com trader, including:
You have access to a huge range of assets. There is access to automated trading tools and ideas. The broker offers a totally free demo account. Their competitive spreads help keep costs down. forex.com guarantees 24/6 reliable customer support. You have the benefit of multiple order types and execution modes. There are in-depth educational resources, including webinars, PDFs and video tutorials. forex.com is highly regulated and licensed in a number of financial jurisdictions. The choice of platforms and extensive resources make it a great choice for beginners. With the help of Autochartist, their proprietary trading platform has fantastic charting capabilities.
This is what an "Active" (or "live") signal and a "Get Ready" signal looks like:
Drawbacks.
To help you understand whether forex.com is a good or bad broker, you also need to be aware of the downsides to their offering:
The broker only offers two accounts. There is a distinct lack of promotions or bonuses. forex.com could go further to offer negative balance protection. Technical indicators in the mobile app's charting mode are difficult to access. While you can trade in futures markets, spread betting and binary options are not available. The web version of the platform isn't totally compatible with a number of browsers due to reliance on a specific plugin.

admin

Trading Hours.
At forex.com, FX trading is available 24 hours a day from 22:00 GMT Sunday until 22:00 GMT on Friday. However, it's worth noting market hours at the beginning of the trading week often see illiquid market conditions. As a result of such conditions, spreads can widen.
Spot gold and silver market hours are slightly different. Trading is available 23 hours a day from 23:00 GMT Sunday through to 22:00 GMT on Friday. Trading is closed each day between 22:00 and 23:00 GMT.
Having said that, there are also holiday and Christmas hours to be aware of. For details on those and specific trading hours in your time zone, see their website.
Getting through to forex.com's customer service is quick and hassle-free. Simply head over to their website and you can connect via live chat. Live chat is also available on your trading platform and within your mobile app.
Amongst other things, they should be able to help you with minimum and maximum lot sizes, withdrawal problems and direct you to their leverage calculator.
You can also contact forex.com via the telephone or email. User reviews show staff are supportive if not always capable of remedying your issues.
Contact & Customer Support.
Having said that, they should be able to help with complaints, interest rates, opening hours or web login issues. The phone number in your location can be found on their website.
You can get support in all of the following languages:
Overall then the customer support is fairly industry standard. Wait times are relatively low and staff are fairly knowledgeable. However, if you are a beginner and looking for hands-on extensive support, you may want to look elsewhere. Especially since there are now some brokers who offer 24/7 video chat support.
For other problems, it may be worth heading to their FAQ page. Here you will get instructions on how to get to My Account and manage your funds and trades, as well as answers to other common queries.
Safety & Security.
Spend time on trading forums and you will see there is an increasing concern about how brokers keep personal data and funds secure. Fortunately, forex.com keep all deposits separate from their own operating funds, distributing them across a global network of custodian banks.
In addition, they stick to guidelines laid out by the Risk Committee of GAIN Capital Holdings, Inc. Furthermore, sophisticated encryption technology is utilised to keep users capital and information safe.
forex.com Verdict.
forex.com offers competitive pricing, a number of trading platforms, automated trading tools, plus a library of useful educational resources.
Throw in reliable customer service and access to a range of assets, and you have yourself a trusted broker who can meet the needs of both beginners and advanced traders.
Trading advantages of RoboForex forex broker.
No limits in providing outstanding benefits to RoboForex clients.
Tight spreads from 0 pips Fastest order execution 5 account currencies (EUR, USD, CNY, RUB, GOLD) Micro accounts with the minimum lot size of 0.01 8 asset classes Affiliate program 50% profit sharing.
RoboForex Bonus Programs.
RoboForex provides for its clients best promotional offers on financial markets.
Start trading with RoboForex now and unleash the powerful benefits!
Profit Share Bonus up to 50%
Bonus up to 20,000 USD. Can be used during "drawdown". Deposit from 10 USD. Withdraw the profit received when trading your own funds. Get Bonus.
Classic bonus up to 115%
Bonus up to 50,000 USD. Сan't be used during "drawdown". Deposit from 10 USD. Trade with bonus funds and withdraw the profit. Get Bonus.
Cashback (Rebates) up to 15%
Receive Cashback for the trading volume of just 10 lots. Available for all verified clients. Receive real money as Cashback and withdraw it instantly. Learn More.
Up to 10% on account balance.
Payments for the trading volume starting from 1 lot. No restrictions: withdraw instantly. Receive % on account balance every month. Learn More.
Account Types.
First deposit Execution type Spreads Instruments Bonuses Platforms.
Pro-Standard.
The most popular account type at RoboForex, which is suitable for both beginners and experienced traders.
Prime.
"Prime" accounts combine all best features of ECN accounts and are suitable for advanced traders.
Pro-Cent accounts provide an opportunity to trade micro lots and is best suitable for beginners, who want to test our trading conditions with minimum investments.
ECN-Pro.
ECN-Pro account type is intended for professionals, who prefer the best trading conditions with tight spreads.
R Trader.

admin

R Trader is a multi-asset web platform, which combines modern technologies, a classic but taken to a new level design, and access to the world's major financial markets.
First deposit 100 USD Execution type Market Execution Spreads Floating from 0 points Instruments Over 11,700 Stocks, Indices, forex, ETFs, Cryptocurrencies Bonuses Not available Platforms R Trader - Web Platform.
By opening a demo account at RoboForex, you can test our trading conditions - instruments, spreads, swaps, execution speed - without investing real money.
First deposit Not required Execution type Market Execution Spreads Depends on type of account Instruments Depends on type of account Bonuses Limited number of offers Platforms Depends on type of account.
Trading Platforms.
The most popular platform for trading on the forex market, which includes a knowledge database, trading robots, and indicators.
3 types of order execution 9 time frames for trading 50 integrated indicators for technical analysis Variety of order types.
The latest version of MetaTrader platform with an opportunity to choose between netting and hedging systems.
4 types of order execution Multi-currency tester Market depth 6 types of pending orders.
RoboForex Trading Platforms.
For those traders who prefer to be always on the move we present exclusive RoboForex trading platforms: WebTrader and MobileTrader.
Trade from any browser or mobile device (iOS, Android). Get the same functionality as on desktop platforms. Control your positions and orders from any place in the world.
Multi-asset web-based trading platform with the fastest in the industry financial charts and advanced technical analysis tools.
Over 11,700 Stocks, Indices, FX, ETFs, Cryptocurrencies. Minimum deposit: 100 USD. Trading robots builder. No programming skills required. Trading Platforms Center.
Exclusive Trading Platforms.
For those traders who prefer to be always on the move we present exclusive RoboForex trading platforms: WebTrader and MobileTrader.
Security of Client's Funds.
Your funds are fully secured when you trade with RoboForex.
Regulated activities: IFSC license No. IFSC/60/271/TS Negative balance protection Participant of The Financial Commission Compensation fund Execution quality certificate Start Trading Now.
8 Asset Classes.
Discover the world's key markets through RoboForex accounts and platforms.
forex.
We offer transparent and reliale access to trading FX with more than 40 currency pairs.
forex Trading Benefits.
Institutional spreads from 0 points MetaTrader4, MetaTrader5, cTrader, R Trader platforms Leverage: up to 1:2000 Fastest execution possible Read more.
Stocks.
Access to more than 11,700 stocks through R Trader platform and more than 50 via MetaTrader 4/5 terminals.
Stocks Trading Benefits.
Minimum deposit: 100 USD Free stock exchange market data online Leverage: up to 1:20 MetaTrader4, MetaTrader5, R Trader platforms Read more.
Indices.
Once you login you will find all the usual features, including heat maps, security screeners, historical data and more.
In its most regularly traded format, an index is defined as a portfolio of stocks that represents a particular market or market sector.
Indices Trading Benefits.
MetaTrader4, MetaTrader5, R Trader platforms Tight spreads - no mark up Leverage: up to 1:100 Over 10 instruments Read more.
Trade fast-growing global ETF industry with over $3 trillion in assets in management.
ETFs Trading Benefits.
Minimum deposit: 100 USD R Trader platform Leverage: up to 1:20 Сorporate events supported and handled by the system automatically Read more.
Trade ETFs on grown commodities such as coffee, cocoa, sugar, corn, wheat, soybean, fruit.
Soft Commodities Trading Benefits.
Minimum deposit: 100 USD R Trader platform Over 100 instruments Leverage: up to 1:20 Read more.
Energies.
Trade CFDs and commodity ETFs on energy market including oil, natural gas, heating oil, ethanol and purified terephthalic acid.
Energies Trading Benefits.
Tight spreads MetaTrader4, R Trader platforms Ideal instrument for day traders Minimum deposit: 10 USD Leverage: up to 1:100 Read more.
Metals.
Trade CFDs and commodity ETFs on precious metals including gold, platinum, palladium, silver as well as Gold/Dollar and Silver/Dollar pairs.
Metals Trading Benefits.
Hedge against political instability and dollar weakness Minimum deposit: 10 USD MetaTrader4, MetaTrader5, cTrader, R Trader platforms Leverage: up to 1:1000 Read more.
Cryptocurrencies.
Bitcoin, Litecoin and Ethereum proved to have great potential for investment and speculation.
Cryptocurrencies Trading Benefits.
MetaTrader4, MetaTrader5, R Trader platforms Over 20 cryptoinstruments Leverage: up to 1:50 Trading 24/7 Read more.
0% Commissions.
When our clients deposit their trading accounts, the commission is always 0%. RoboForex covers all expenses. Choose the payment system according to your convenience, not cost effectiveness.
Soft Commodities.
RoboForex also compensates its clients' commission for funds withdrawal twice a month.
Instant Withdrawals.
Automatic withdrawal system: withdrawals within a minute for certain payment methods System works 24/7 Simple, reliable, and fast.
More than 20 Deposit Options.
Become an Investor on forex.
For easy short-term investments.
Choose among over 1,000 traders. Get detailed statistics on trader's performance. Unsubscribe at any time.
CopyFX platform will be perfect for those, who search for a simple but reliable way to invest on forex.
For financial markets professionals.
Profit from improved risk management system. Optimize profits and losses easily. No profit - no commission: pay only when you earn.
RAMM is a unique investment platform that not only lets you copy transactions, but also fully controls your risks.
RoboForex Market Analytics.

admin

forex Analytics.
The Pound dropped to its six-month lows. Overview for 18.03.2020.
The Euro is looking down again. Overview for 18.03.2020.
Fibonacci Retracements Analysis 18.03.2020 (GBPUSD, EURJPY)
Economic calendar.
Exclusive Market Analytics.
Claws & Horns is an independent analytical company providing brokers with a set of necessary analytical tools.
FxWirePro™ is a leading analytical company, which provides the participants of financial markets with research reports in the real-time mode.
Company News.
RoboForex: changes in trading schedule (switch to Daylight Saving Time and International Women's Day)
RoboForex adds new assets and analytical tools to R Trader.
RoboForex increases the maximum order volume on the Company's trading accounts.
Winner of more than 10 prestigious awards.
RoboForex was recognized by the most respected experts of the financial industry.
More than 800,000 clients from 169 countries.
Best Broker of the CIS.
Best Investment Platform.
Best Educational forex-Center in CIS.
Best Stock Broker Asia.
Best Investment Products, Global.
Best Global forex Affiliate Program.
Official sponsor of "Starikovich-Heskes" team at The Dakar 2017.
Experienced racers with more than 60,000 off road kilometers in Europe, Africa, and Australia under their belt.
Official sponsor of Muay Thai fighter Andrei Kulebin.
A many-time Thai boxing world champion, an experienced trainer, and an Honored Master of Sports.
Risk Warning : There is a high level of risk involved when trading leveraged products such as forex/CFDs. You should not risk more than you can afford to lose, it is possible that you may lose the entire amount of your account balance. You should not trade or invest unless you fully understand the true extent of your exposure to the risk of loss. When trading or investing, you must always take into consideration the level of your experience. Copy-trading services imply additional risks to your investment due to nature of such products. If the risks involved seem unclear to you, please apply to an outside specialist for an independent advice. RoboForex Ltd does not target EU/EEA clients. We do not provide financial services to residents of the USA, Canada, Japan and Australia.
At RoboForex, we understand that traders should focus all their efforts on trading and not worry about the appropriate level of safety of their capital. Therefore, the company took additional measures to ensure compliance with its obligations to the clients. We have implemented a Civil Liability insurance program for a limit of 5,000,000 EUR, which includes market-leading coverage against omissions, fraud, errors, negligence, and other risks that may lead to financial losses of clients.
© RoboForex, 2009-2020. All rights reserved.
forex.com Review.
forex.com delivers an excellent trading experience for forex and CFDs traders across the globe. With competitive pricing, full-feature trading platforms, comprehensive market research, and a robust mobile app, forex.com caters to traders of all experience levels.
Top Takeaways for 2020.
After spending five months testing 30 of the best forex brokers for our 4th Annual Review, here are our top findings on forex.com:
forex.com is publicly-traded and regulated in four tier-1 jurisdictions, making it a safe broker (low-risk) for forex and CFDs trading. forex.com earned Best in Class (top 7) awards for numerous categories in 2020, including Offering of Investments, Commissions & Fees, Education, Professional Trading, Crypto Trading, Ease of Use, and Overall. All in all, our testing found forex.com to be a great option for all trader types. Pricing at forex.com is easy to understand, and competitive, thanks to a tiered discounts approach based on your total monthly trading volume. forex.com also offers tight spreads on cryptocurrency CFDs.
Promo Offer:
A Global Market Leader! Visit Site.
Overall Summary.
Feature forex.com Overall 4.5 Stars Trust Score 93 Offering of Investments 5 Stars Commissions & Fees 4 Stars Platform & Tools 4 Stars Research 4.5 Stars Mobile Trading 4 Stars Customer Service 4 Stars Education 4 Stars.
Is forex.com Safe?
forex.com is considered low-risk, with an overall Trust Score of 93 out of 99. forex.com is publicly traded, does not operate a bank, and is authorised by four tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulators (low trust). City Index is authorised by the following tier-1 regulators: Investment Industry Regulatory Organization of Canada (IIROC), Japanese Financial Services Authority (JFSA), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC). Learn more about Trust Score.
Feature forex.com Year Founded 1999 Publicly Traded (Listed) Yes Bank No Tier-1 Licenses 4 Tier-2 Licenses 0 Tier-3 Licenses 1 Trust Score 93.
Offering of Investments.
forex.com offers over 4,500 CFD instruments on its flagship platforms, including Web Trading and Advantage Trader web and desktop, alongside over 500 symbols on MetaTrader5 (MT5).
Feature forex.com forex: Spot Trading Yes Currency Pairs (Total forex pairs) 91 CFDs - Total Offered 4500 Social Trading / Copy-Trading Yes Cryptocurrency traded as actual No Cryptocurrency traded as CFD Yes.
Commissions & Fees.
Overall, forex.com's pricing structure is competitive and easy to understand, helping the broker rank highly in our assessment.
Spreads comparison: Typical spreads for MetaTrader platform users were 1.3 pips on the EUR/USD using October 2019 data from forex.com. The table below shows an average spread of 1 pip measured during Q3 2019 for the EUR/USD, applicable to the broker's non-MT4 platforms. Average spreads at forex.com vary only slightly when comparing the broker's US offering with its pricing available outside the US to the rest of the world.
Active Trader program discounts: For high volume traders, forex.com offers an Active Trader program with five tiers of pricing. Level one starts with typical spreads of 1.2 pips on the EUR/USD for traders who have a balance of least $10,000. Spreads are further reduced with each subsequent level as traders surpass specific month-to-date (MTD) trading volume thresholds. For example, level five ($500 million in MTD volume) brings spreads down to as low as 0.84 pips on the EUR/USD pair.
Dealer execution: forex.com is a market maker, which means it provides dealer execution, and its ability to execute a trade will not rely on a third party the way an agency broker does. Therefore, trading with forex.com can result in potentially better dealer-execution in challenging market conditions, compared to an agency broker. Note: The broker also offers agency execution (see below).

admin

Market execution (In the US only): forex.com offers a new Direct Market Access (DMA) account and execution method for its US offering. As part of this DMA account type, the execution-style is agency-based, and the broker only charges a commission. This account type also provides greater discounts for the most active traders, compared to forex.com's Active Trader program.
Feature forex.com Minimum Initial Deposit $50.00 Average Spread EUR/USD - Standard 1 (as of Q3 19) All-in Cost EUR/USD - Active 0.7 (as of Q3 18) Active Trader or VIP Discounts Yes.
Platforms & Tools.
forex.com provides forex traders everything they need, and more, to trade effectively.
Advanced Trading: forex.com's flagship platform, Advanced Trading, is best suited for seasoned traders and comes with a robust charting package loaded with a large selection of technical indicators (139 total) and drawing tools. Technical Analysis tools include automated technical analysis from Autochartist, which scans the markets for completed and emerging patterns and trade ideas. Also, more advanced traders can develop automated trading systems from the Automated Trading Center.
Web trading: Best suited for casual traders, forex.com's Web Trading platform makes it easy to browse through markets, conduct research, analyze charts via Trading Central, and place trades. forex.com's alternative web platform is a white-labeled version of TradingView, a popular charting web app for technical analysis, which comes with 67 indicators. While TradingView shines if you are focused solely on charting, the Web Trading platform would be my preferred choice between the two browser-based platforms at forex.com.
MetaTrader: While forex.com's platform suite is already robust and finished Best in Class (top 7) in our testing, the broker also offers the complete MetaTrader suite, including both MT4 and MT5.
Gallery.
Research.
forex.com does a great job in centralizing its research within the Advanced Trading platform and keeping it well organized for traders to access easily. Multiple news channels, automated pattern-recognition modules from Trading Central, real-time trade signals and analysis tools from Autochartist and Recognia and blog updates from forex.com's global research team are all available. Furthermore, forex.com offers a premium package with trading signals from Faraday research, which runs £720 per annum.
Gallery.
Mobile Trading.
forex.com's AdvantageFX mobile app ranks highly compared to the best mobile apps in the forex industry thanks to clean navigation and a host of trading features.
Mobile research: Several of the highlight features include an economic calendar, integrated research, and signals from Trading Central, alerts, market updates, and news, and an easy way to scroll between prices, charts, and open positions. Trading and managing positions within the mobile app are straightforward thanks to its fluid user interface and minimalist design.
Mobile charting: The app also automatically syncs watch lists and includes easy-to-use charts despite having only seven indicators and ten drawing tools. Nonetheless, I was glad to find that indicators and drawing tools added in landscape mode save upon exiting the app.
MetaTrader: For traders who prefer MetaTrader, the MT4 and MT5 apps are also available.
Gallery.
Customer Service.
To score Customer Service, ForexBrokers.com partnered with customer experience research group Customerwise to conduct phone tests from locations throughout the UK. For our 2019 Review, 229 customer service tests were conducted over six weeks.
Results.
Average Connection Time: 1 - 2 minutes Average Net Promoter Score: 7.2 / 10 Average Professionalism Score: 7.4 / 10 Overall Score: 7.60 / 10 Ranking: 14 th (22 brokers)

admin

Final Thoughts.
forex.com is a trusted forex broker that shines thanks to its excellent offering of platforms, tools, research, and competitive pricing. While customer service isn't award-winning, forex.com delivers a great experience to forex traders of all experience levels. forex.com finished Best in Class across seven key categories, including Overall in 2020.
About forex.com.
Founded in 1999, forex.com is part of GAIN Capital Holdings (NYSE: GCAP), which through its trading names and subsidiaries, including the City Index brand, today operates in multiple countries and with licenses in several major regulatory hubs, including the US, UK, Canada, Japan, and Australia.
Through its international offices, the GAIN Capital group employs over 800 staff and caters to over 200,000 retail and institutional clients. As an early pioneer in offering online forex trading in the US, today, forex.com is one of the largest retail FX brokers globally, with over $1.3 billion in assets as of Q2 2019, and over 71,000 active clients as of August 2019. Read more on Wikipedia about forex.com.
forex.com Trading Features.
Feature forex.com Virtual Trading (Demo) Yes Proprietary Platform Yes Desktop Platform (Windows) Yes Web Platform Yes Social Trading / Copy-Trading Yes MetaTrader 4 (MT4) Yes MetaTrader 5 (MT5) Yes cTrader No Charting - Indicators / Studies (Total) 139 Charting - Drawing Tools (Total) 25 Charting - Trade From Chart Yes Watchlists - Total Fields 18 Order Type - Trailing Stop Yes.
forex.com Research Features.
Feature forex.com Daily Market Commentary Yes forex News (Top-Tier Sources) Yes Weekly Webinars Yes AutoChartist Yes Trading Central (Recognia) Yes Delkos Research Yes Social Sentiment - Currency Pairs Yes Economic Calendar Yes.
forex.com Mobile App Features.
Feature forex.com Android App Yes Apple iOS App Yes Trading - forex Yes Trading - CFDs Yes Alerts - Basic Fields Yes Watch List Yes Watch List Syncing Yes Charting - Indicators / Studies 7 Charting - Draw Trend Lines Yes Charting - Trend Lines Moveable Yes Charting - Multiple Time Frames Yes Charting - Drawings Autosave Yes forex Calendar Yes.
2020 Review Methodology.
For our 2020 forex Broker Review we assessed, rated, and ranked 30 international forex brokers over a five month time period. Each broker was graded on 105 different variables and, in total, over 50,000 words of research were produced.
While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.
All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 1% each year, providing site visitors quality data they can trust. Learn more about how we test.
forex Risk Disclaimer.
"There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more.
forex.com Review.
Robust trading platforms for the new and professional trader.
Investopedia is committed to rigorous editorial standards to provide our readers with the best advice and recommendations. We may receive compensation when you click on links to products we reviewed. Learn more about our methodology and review process.
Account Minimum : $50 Fees : Average EUR/USD spread is 1.3 Best For : The very active forex trader.
Disclaimer.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
forex.com was founded in 2001 and is regulated in multiple countries. It offers robust trading platforms for the new trader as well as the professional. Its parent company is GAIN Capital Holdings, which trades on the NYSE under ticker GCAP.
Pricing is transparent, although several types of accounts are offered. For instance, in one account type traders pay the spread on every trade. Other types of accounts charge a commission but the spread is smaller. forex.com provides the average spreads for all of these types of accounts.
forex.com currently ranks in the following category:
forex.com disclosure: forex trading involves significant risk of loss and is not suitable for all investors. Increasing leverage increases risk.
Great mobile and desktop functionality.
TradingView charts built into platform.
Higher spreads than international brokers.
Only a small rebate for active traders.
No negative balance protection.
No crypto currency trading in U.S., but it is allowed in other countries.

admin

Trust.
forex.com is regulated in the U.K., U.S., Canada, Australia, Japan, Singapore, and the Cayman Islands. Since laws vary by country, the products offered in each country also vary. For example, CFDs are not available to U.S. clients but are available outside the U.S.
Client funds are kept segregated from the funds of forex.com, which helps safeguard client's money in the event the company has financial problems. No additional insurance is provided by the company in terms of safeguarding funds. The exception is in Canada, where Canadian clients' funds are protected by the Canadian Investor Protection Fund.
Pro-Cent.
Client accounts can go negative, as negative balance protection is not offered by forex.com. Accounts are automatically monitored, however, and if a client fails to have sufficient margin in their account, positions will automatically be liquidated. Due to the fast-moving nature of markets, this won't always prevent negative balances. In plain English, traders with negative account balances are on the hook for more money than they initially deposited into their accounts.
Guaranteed stop losses are offered, but at a cost. Typical stop losses help control risk but are subject to slippage which could cause a negative balance during extreme market moves.
Pricing is transparent and easily found on forex.com. Also, functional demo accounts are provided for free which give potential clients time to assess the pricing structure before committing real capital.
While forex.com encrypts their data, little is offered in the way of additional security, such as fingerprint technology or two-factor authentication.
Desktop Experience.
forex.com's trading platforms accommodate the active day trading professional as well as the occasional longer-term trader. Choose between the advanced trading platform or MetaTrader 4 (MT4) for a desktop experience, the web trader for a browser-based trading experience, or choose the forex.com or MT4 mobile app for trading on portable smart devices.
Within the platforms, traders can access charts, economic calendars, news, see positions, and trade/order history, access trade signals and research reports, as well as market analysis from forex.com analysts.
There aren't many drawbacks to the platforms. There are loads of indicator and drawing tools, and it is functional enough to make rapid-fire trades if needed.
Whether you use web trader or the downloadable advanced trading platform, making trades is easy. (Of course, that doesn't mean making money is easy.) You can trade directly from charts by right-clicking or hit the buy and sell buttons along the top of the chart. This brings up an order window where the entry, stop loss, and profit target is set. Enable one-click trading for rapid trade execution.
Mobile Experience.
A forex.com account can also be integrated with NinjaTrader, a popular third-party trading platform.
The mobile app is functional, providing traders with access to all their account information. Traders can add or withdraw funds, view trade history, create watchlists, access news, and view charts from the mobile app. It is also easy to navigate and set up.
The charting feature is one of the drawbacks of the mobile app. There are a limited number of common indicators available, such as RSI, MACD, and moving averages, but drawing functions and more advanced technical tools are missing.
Full order functionality is available, including conditional orders and the ability to easily place stop losses and profit targets at the time of a trade.
Investment Products.
U.S. clients have access to 83 forex pairs, as well as unleveraged gold and silver. Clients outside the U.S. have access to all the forex pairs, as well as CFDs on stocks, commodities, indexes. Cryptocurrency trading is available in the U.K.
Opening an account requires only 50 units of the account currency. For example, in the U.S., an account can be opened with as little as $50.
The minimum trade size on a currency is $1,000. Therefore, if opening an account with $50, at least 20:1 leverage is required to take the smallest position possible. Leverage increases risk.
Commissions and Fees.
forex.com is primarily a market-making broker. This means they do not connect client orders with the raw prices being offered in the market. Instead, forex.com marks the price up slightly, creating a larger spread, which is how they generate revenue. The markups can be seen when comparing a standard account and a Direct Market Access (DMA) account. The DMA account offers no markup on spreads, but a commission is charged. The standard account offers no commissions, but it features larger spreads. The commission account is in the middle. It has reduced spreads (still some markup) and slightly lower commissions than the DMA account.
Standard account and commission account traders may also benefit from the Active Trader Program. The program is open to anyone who opens an account with at least $25,000 or who trades $25 million in a month. The program is not open to DMA account holders, as that account already has volume-based fee reductions.
In terms of other fees, any account with less than $10,000 USD and no trading activity for more than 12 months is subject to a $15-per-month inactivity fee. Accounts over $10,000 are exempt from inactivity fees.
There are no additional fees charged by forex.com for deposits. For withdrawals, checks and ACH payments are free. U.S. wire transfers under $10,000 incur a $25 fee, and all other wire transfers are $40. Wire transfers over $10,000 are free.
Customer Support.
Clients have multiple ways to contact forex.com, including online chat and live phone support, as well as extensive FAQ and tutorials on their website. Support is available from 10 a.m. ET Sunday to 5 p.m. ET Friday.
Online chat and phone support are available to both current and prospective clients. Social media support is not available, although they do have social media accounts where they post market analysis and company information.
Chat support is a chatbot. This limits the questions that can be asked and eliminates the possibility of finding answers to anything beyond the most simple questions.
For more in-depth questions, send a message via email. The message function is provided at the bottom of the Support page on forex.com. Specific questions will be answered but expect to wait one to three business days for a response.
Phone support is the quickest way to have questions answered by a real person. There is a small menu to choose from at the start of the call. Wait times will vary based on call volume, but during a normal day you can expect to wait several minutes before being connected with a representative.

admin

What You Need to Know.
forex.com is a good fit for the very active trader because active trading results in lower trading costs. forex.com is also a good fit for the infrequent trader because the slightly higher fees and spreads forex.com charges are inconsequential if only taking a few trades per month.
For traders in the middle, however, who make a few trades per day, forex.com has slightly higher spreads and fees than many brokers outside the U.S., which could unnecessarily increase trading costs.
Methodology.
Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. Our reviews are the result of six months of evaluating all aspects of an online broker's platform, including the user experience, the quality of trade executions, the products available on their platforms, costs and fees, security, the mobile experience and customer service. We established a rating scale based on our criteria, collecting over 3,000 data points that we weighed into our star scoring system.
In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing. Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices.
forex.com lags behind international brokers in term of pricing, with many international brokers offering tighter spreads and lower commissions to traders even with small accounts.
Our team of industry experts, led by Theresa W. Carey, conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels. Click here to read our full methodology.
Santos HotForex e-Sports Online gaming meets online trading!
- The world's first broker & esports partnership - Collaboration with one of world's biggest esports teams - Discovering the parallels between gaming and trading.
HotForex is celebrating 10 Years of Excellence!
- 2 million live accounts opened - and counting! - Over 35 of the most prestigious industry awards - Commitment to providing the best possible trading experience.
Diversify your portfolio with a true multi-asset broker.
- Derivatives on: - forex - Commodities - Bonds - Metals - Energies - Shares - Indices.
- 100% Supercharged Bonus + Instant Rebates - 100% Credit Bonus - 30% Rescue Bonus.
HotForex knows no borders! A truly international broker.
- Unrivaled reputation in 180+ countries - Renowned Licenses from Multiple Jurisdictions - Expert educational seminars around the world.
Multiple Bonus Offerings Boost your trading!
Negative Balance Protection Client Funds Market Leading Insurance.
- Never end up with losses greater than your available funds - An industry leader in financial safety - Your funds' security is our top priority.
Premium Trader Tools Trading with added confidence.
- Multi-platform customized solutions - Covering a range of trading needs & styles - Variety of languages.
Trade with a True Multi-Asset Broker.
forex Metals Cryptos Energies Indices Shares Bonds Commodities.
Website operated by HotForex:
HF Markets Group.
Accounts with Major Banks.
Segregation of Funds.
Market Leading Insurance.
Negative Balance Protection.
Global Trends.
Current Rates & Spreads.
Instrument Bid / Ask Spread.
18 Trading Tools.
Plan your trades effectively with our wide range of free trading tools.
6 Account Types.
Complete flexibility for traders of all risk appetites and trading volumes.
150+ Trading Products.
All the best possible opportunities to diversify your trading portfolio.
12 Trading Platforms.
Powerful platforms to suit all trading styles and needs on any device.
25 Video Tutorials.
Our invaluable educational resources provide the ultimate trading guide.
15+ Funding Methods.
Fund your account for free with these quick, easy and secure methods.
HotForex Market Analysts.