EarnForex — Helping Traders Since 2005
What is Forex?
Forex for Dummies
Forex FAQ
Forex Glossary
Forex Articles
Forex Blog
Forum
PayPal
Moneybookers
LiteForex Forex Broker
InstaForex Forex Broker
eToro Forex Platform
FXcast Forex Broker
Forex Resources
<< Back to Forex Brokers List

Forex.com — Forex Broker

Forex.com:

Company: GAIN Capital Group
On-line since: 1998
Country of origin: USA
Regulation: Registered Futures Commission Merchant (NFA ID #0339826).
Payment options: Bank wire and credit cards
Minimum account size: $250
Minimum lot size: 0.1 lot
Leverage: from 1:100 to 1:200
Spreads: 2 pips on EUR/USD
Rating:
5.0/10 with 205 votes

Rate broker — Forex.com:
Categories: Forex brokers with web platform
MetaTrader Forex brokers
Gold trading brokers
Institutional Forex brokers
Muslim Forex brokers
Opinions: See Forex.com reviews.

Advantages:

  • Web based trading platform available
  • Free news stream and real-time alerts
  • MetaTrader 4 platform available

Disadvantages:

  • Some countries and states are not allowed to open accounts

Click here to open an account with Forex.com


Reviews:

12 reviews of Forex.com are presented here. All reviews represent only their author's opinion which is not necessarily based on the real facts.


Tom Richards from New York06/10/2010

I have traded with Forex.com for quite a while now, and I am nothing but pleased.

Quick withdrawals, and a great trading platform.

Very low spreads, and 24/7 customer service.

Btw. It's possible to deposit with credit card as well... (Not listed above).


Michael from Sweden06/03/2010

I have never had any problems with Forex.com. They offer the best spreads. Each time a trader loses his money, the blame for it always land on the broker. Starts to scream "scam, thieves, etc." It's really pathetic.

Some people never grow up, it's never their own fault for anything they do.


L. Davis from United States, Texas03/13/2010

I have a 500.00 dollar mini account with FOREX.COM and have made 61.00 profit in the last week: 3/8/10 through 3/12/10. This is my Personal observation with FOREX.com.

First I find the server to be exceedingly SLOW...I cannot say this enough IT IS TOO SLOW....I have observed a five point gap between the end of one candlestick and the beginning of the other. I have three platforms running side by side. I run one of the other platforms on the H5 and the second ond the H15. I have constant movement in those two charts while my live account sits still. Not GOOD for currency trading.

Forex.com uses a 4 digit number behind the decimal while others use a 5 digit number. I do both manual and automatic trading and with the 4 digit number system the automatic trading system I use is VERY SLOW to function. Some of the problem is caused by the speed of the server and some by the 4 digit number system.

They claim to be a two point spread while at the same time yesterday I observed 3+ spreads at the close of the market and at one point when I attempted to close a position they tried to give me a REQUOTE. I simply out waited them.

The only good thing I have found at this point is opening of an account was easy and very fast. Ready for business in 24 hours.

I am closing my account at the end of next week and moving to a different broker. After I withdraw my money I will post a second comment on the speed of the withdrawal.


Osama Noufal from Jordan03/10/2010

perfectly this is what happen always they make me loose money,, they are cheating,,, damn


Francois from Canada02/07/2010

I have two account with them. One using Meta Trader 4 and the other with Ninja Trader . Every thing going fine with them. I appreciate their Strategy of the day (SOTD) witch are profitable up to now.


Mosiori from USA10/17/2009

I too have lost alot of money in this trade, but I keep going back it is additive just like gambling, I have been in it for one year lost all my money, I just don't want my family or my friends to know about it. Every time go back I usually think I have perfected my skills but I loose even more.There must something hiden or it is just a scam.


Sanjay from LA07/12/2009

If you cant mathc "THERE" Social Sec number and DOB you wont get an account. Even if you can prove there Database is wrong. This took 3 weeks for them to say "NO"


zap from usa04/20/2009

I agree with the comments above. As a trader, you will do all due diligence, have the "right set up" but will never win. It "looks like" some forces are always pulling against you, meaning the platform, the software. It always know to make you lose and make the other side win. I yet have to see a longterm winner here in this game, besides the broker. Who knows what the platform is programmed to do. I am not being delusional here but one day some smarter dude will expose all this scam with evidence.


Mark from U.S.A.11/10/2008

From my own personal experience with Forex.com, I only have three things to say about them: SCAM, SCAM, SCAM. Do yourself a favor and do your due diligance. Check out carefully the broker with whom you are going to trust to do the right thing. You can scratch Forex.com off your short list right now. Unless, that is, you want to give your money to these thieves!


TraderMartin from NC, US08/30/2008

Don't get Forex.com wrong...They put up a nice front as far as service, but their account exec's don't know jack about your account and leverage. Or MAYBE they're just ripping you off...


Bruno from BELGIUM07/13/2008

Their dealing desk is a.... cheating desk ! ! !

They "gun" your stops , the rate change against you when you want to place or close a trade , etc...

Their cheating desk has made me loosing a lot of money.

PLUS , their trailing stop orders are NOT tight to an open position. So, if you close the position, the trailing stop is still there... ! ! !

They are CHEATERS.


Mike from California, USA06/01/2008

These people are trading against you !!

They want you to lose..!!!

Stay away from them.

Here is what they say in their terms and conditions:

FOREX IS AN OVER THE COUNTER (OTC) MARKET, MEANING THE FOREIGN CURRENCY TRADING YOU ARE ENTERING INTO IS NOT CONDUCTED ON AN EXCHANGE. AS A MARKET MAKER, GAIN CAPITAL IS THE COUNTERPARTY IN THESE TRANSACTIONS AND, THEREFORE, ACTS AS THE BUYER WHEN YOU SELL AND THE SELLER WHEN YOU BUY. AS A RESULT, GAIN CAPITAL'S INTERESTS MAY BE IN CONFLICT WITH YOURS. UNLESS OTHERWISE SPECIFIED IN YOUR WRITTEN AGREEMENT OR OTHER WRITTEN DOCUMENTS GAIN CAPITAL ESTABLISHES THE PRICES AND WHICH IT OFFERS TO TRADE WITH YOU. THE PRICES OFFERED MIGHT NOT BE THE BEST PRICES AVAILABLE AND DIFFERENT PRICES MAY BE OFFERED TO DIFFERENT CUSTOMERS.

IF GAIN CAPITAL ELECTS NOT TO COVER ITS OWN TRADING EXPOSURE, THEN YOU SHOULD BE AWARE THAT GAIN CAPITAL MAY MAKE MORE MONEY IF THE MARKET GOES AGAINST YOU. ADDITIONALLY, SINCE GAIN CAPITAL ACTS AS THE BUYER OR SELLER IN THE TRANSACTION, YOU SHOULD CAREFULLY EVALUATE ANY TRADE RECOMMENDATIONS YOU RECEIVE FROM GAIN CAPITAL OR ANY OF ITS SOLICITORS.



To submit your own Forex Broker review for Forex.com fill the form below. Your review will be checked by a moderator and published on this page.

By submitting a Forex Broker review to EarnForex.com you approve that you grant us a right to publish and change this review at no cost and without any warranties. Reviews with the invalid e-mail address will be rejected.

Please, try to avoid profanity and foul language in the text of your review, or it will be declined from publishing.

Attention! This is NOT a Broker's contact form. You CAN'T contact Forex.com via it. The form below can only be used to post a review of this Broker.

Your Name:
Your E-mail:
Where Are You From?
Review Text:
CAPTCHA
Image code:



© 2009—2010 EarnForex.com
Subscribe to the Forex Newsletter. Don't show me this offer ×
Сайт управляется системой uCoz