When you start trading at financial markets, you surely want the confidence of a well-regulated broker. With lots of dubious players in the industry, finding the fair one is quite a challenge. But we went ahead and did the research for you. Here it is, Forex.com, which can give you the financial strength you can rely on.
Forex.com is a trademark belonging to GAIN Capital Holdings, Inc. (NYSE: GCAP), which was established in 1999 with its legal address of 135 US Hwy 202/206 Bedminster NJ 07921, USA.
Forex.com has been providing access to worldwide currency markets since 2001 and strives to attract clients with stress-free execution on every trade, favorable pricing, uncompromised financial stability, and utmost compliance. And these are not fluent phrases. The broker is registered and regulated by:
Since GAIN Capital has global coverage with representative offices across North America, Europe, and the Asia Pacific, the company is compliant with other jurisdictions, too:
Such a strong regulatory framework gives Forex.com a solid credibility boost, doesn’t, it?
The broker provides for trading over 80 currency pairs, gold & silver, and futures contracts on commodities & indices.
Forex.com offers several trading platforms to fit different trading needs:
Commissions and fees cannot be regarded as the lowest in the business but average, and they do vary depending on the account type. For instance, spreads for owners of standard accounts are 1.2 pips for a popular EUR/USD pair. The higher the account type, the lower the spreads. Interestingly, the broker does not offer fixed spreads and does charge $15 per month as an inactivity fee.
The minimum initial deposit is at least 50 of the base currency. However, it is recommended to put in, at least 2,500 to enjoy more flexibility and better risk management when trading your account.
For the second decade, Forex.com has been the trade name of the British company GAIN Capital UK Limited, which, in turn, is a daughter company of the American GAIN Capital Holdings, Inc. company. To date, this holding is known as one of the largest and most respected corporations in the industry of online currency trading. The operator is compliant with CFTC, NFA, and FSA which accounts for the fact why it is one of the most popular brokers over there.