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FOREX.com
FOREX.com

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FOREX.com

4.69

Industry Tier:
SS

🇺🇸

20-30 years

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Basic Information

Country

USA

Industry

Forex
CFD

Categories

Services

Foreign exchange

Supported Languages

Simplified Chinese, English

Domain Registration

1997-06-22

Status

Active

Entity

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Risk Scan

Announcement

Documents

Comments

4.69
3 Reviews

All Rating

TK_3NsbITK_3NsbI
2.0
Poor
I tried to set up an account with Forex.com for almost two weeks, but no matter how many documents I sent them for their KYC stuff, they just kept asking for more in every email. It felt like they weren't even reading my responses—they asked for proof of residency from a country I explicitly stated I'm not a resident of and started demanding unnecessary details about my income sources.
2024-11-22
TK_WHPqeTK_WHPqe
3.0
Neutral
Forex.com is one of the oldest brokers in the forex industry so their brand is definitely top level I would say. In terms of funds safety I never had any issues there so that part feels secure but their withdrawal speed is too slow sometimes it takes a week or even more to get my funds. And the spreads they have are pretty high too. I think for beginners forex.com could be a good choice to start off with but for experienced traders like me it's not the best option.
2024-11-12
Anonymous User
4.0
嘉盛老品牌了,但交易条件啥的确实和其他平台差了不少。而且开户麻烦
2024-05-09

Profile & Analysis

Powered by AI
Some content is AI-generated and for reference only; it is not investment advice.

Profile

FOREX.com, established by Mark Galant in 1999 in the United States, is a forex brokerage firm headquartered in New Jersey, USA. The company provides trading services for CFDs, forex, commodities, indices, stocks, bonds, gold, silver, digital assets, and futures to clients worldwide. Its official website supports only Simplified Chinese and English languages.

FOREX.com is part of Gain Capital Holdings Inc. (NYSE: GCAP), which was acquired by StoneX Group Inc. (NASDAQ: SNEX) in February 2020.

Registration and Regulatory Information:

FOREX.com claims on its official website to be registered and regulated in eight different countries and regions, including the UK, USA, Canada, Cyprus, Cayman Islands, Japan, Singapore, etc. However, in some of the stated regions, it is registered and regulated under its parent company.

In the UK, no registration or regulatory information for FOREX.com can be found with the FCA, but through StoneX Financial Ltd, the parent company, FOREX.com is recognized as an authorized entity. It's important to note that the parent company is partially regulated under the FCA, with some services restricted to professional institutions rather than retail users.

In Cyprus, the regulatory registration under the parent company explicitly includes FOREX.com.

In Canada, relevant registration information can be found on the official website of the Investment Industry Regulatory Organization of Canada (IIROC).

Regulatory registration and information can mostly be found for FOREX.com and its parent company in other regions as well.

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Account Types and Registration:

FOREX.com offers five different account types, including two special ones: joint accounts and corporate accounts, for which specific details are not disclosed. The other three are standard accounts, raw pricing accounts, and MetaTrader platform accounts.

The standard, raw pricing, and MT platform accounts have various features and parameters. Only the standard account offers a demo account; the other two have only real accounts.

The standard account doesn’t reveal specific spreads and mentions no hidden fees. The raw pricing account charges a commission of $7 per $100,000, with a primary currency spread of 0.0; the MT account does not charge any commission.

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Leverage:

FOREX.com does not disclose leverage information on its website, such as which accounts can use leverage or the maximum leverage ratio. Instead, various margin requirements are offered depending on the type of forex, requiring some calculation by the user to figure out the leverage ratio.

It’s important to note that leverage can amplify both gains and risks, so it should be used cautiously.

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Trading Products:

According to the information on the FOREX.com website, the company offers forex and a limited range of commodities. However, real-time spreads and buy-sell prices are provided for each type of trade.

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Deposits and Withdrawals:

FOREX.com publicly provides information on deposits and withdrawals methods on its website, which include bank wire, debit cards, and wire transfers. Different channels have different limits and processing times.

It’s important to note that withdrawals must go back to the original source rather than being freely chosen.

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Trading Software:

FOREX.com uses both its proprietary platform and the MT4 platform as trading software, providing corresponding access. Both the proprietary and MT4 platforms support PC, Android, and iOS.

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Customer Support:

FOREX.com’s official website offers various contact methods, including online chat, phone, email, and a physical address, which can meet different user needs.

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Summary:

As a forex broker, FOREX.com provides a wide variety of forex types for trading and offers both proprietary and MT4 trading platforms. The customer support is commendable, and there are various types of accounts available, with transparent regulation. However, the platform still has some shortcomings, such as a lack of detailed parameters for different account types, specific deposit and withdrawal data, and a limited selection of trading products.

FAQ About FOREX.com

01

What is FOREX.com?

FOREX.com is a Forex Broker.

02

When was FOREX.com founded?

FOREX.com was founded in 1999.

03

Where is FOREX.com located?

According to its official website, FOREX.com is located in 30 Independence Blvd,Suite 300 (3rd floor),Warren,NJ 07059,USA.

04

What is FOREX.com's official website?

FOREX.com's official website is https://www.jsgrouponline.com/cn/lp/tvc/

Industry Tier

SS
E
D
C
B
A
S
SS

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TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.

Risk Warning
TraderKnows provides a comprehensive database of financial companies, with information sourced from public channels or user submissions, for reference only. We do not verify the compliance of individual companies, and the information provided is not investment advice. Users are encouraged to conduct their own due diligence and make informed decisions. If you suspect any company of illegal activity, please report it to [email protected], and we will review and take appropriate action as necessary.
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