Forex.com

Posted by innovative-forex on November 21, 2011
Forex Broker Reviews

Gain Capital Group manages the retail trading arm Forex.com and institutional clients at Gain Capital itself. Among Forex brokers, it is a ‘market-maker’ business.

Founded in 1999 by a group of professional traders on Wall Street, Forex.com is a particularly large company with clients in more than 140 countries. As well as individual traders, Gain Capital serves institutional clients, fund managers, and commodity advisors. Forex.com has an Office on Wall Street and its headquarters is in New Jersey.

This company has a good, sound reputation and is registered as a Futures Commission Merchant (FCM). Gain Capital (and Forex.com) is regulated by the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA).

Trading Platforms

There are five trading platforms available to customers:
FOREXTrader PRO – available alongside FOREXTrader Java.
FOREXTrader PRO Mobile – this is for mobile trading.
MetaTrader 4 – one of the most powerful and adaptable platforms.
FOREXTraderWeb – this is for website trading and clients can trade from any computer.

Forex.com deals in 45 currency pairs, CFDs, and Metals and traders are offered tight spreads as low as 0.9 pips. Once a client account reaches £6,000, spreads tighten 0.5 pip more as the client is then reaching the ForexPro level.

Minimum Deposit

For a standard account, FOREX.com’s initial margin requirement is £2,500 on the minimum trade size of 100,000. For a mini account, FOREX.com’s initial margin requirement is £250 on the minimum trade size of 10,000. FOREX.com will only process trades on margin if the client has sufficient funds in their account.

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