FOREX.com

FOREX.com

  • Superior trade execution capability
  • Competitive spreads
  • Trade 4 Major Cryptocurrencies
Capital at Risk
Visit Now

Details

Broker FOREX.com
Website URL https://ethereumtrading.pro/visit/forexcom/
Founded 1990
Headquarters United Kingdom
Support Number +44 800 056 7928
Support Types Phone , Email , Live Chat
Languages English
Trading Platform FOREX.com Advanced Trading Platform | MetaTrader 4 | Web | Mobile
Minimum 1st Deposit £50
Minimum Account Size £50
Minimum Trade Amount 1 Unit
Maximum Trade Amount Depends on Account Type
Bonus Capital at Risk
Payout No Minimum
Leverage Depends on Asset Class
Spread Fixed & Variable Spreads
Free Demo Account Open Demo
Regulated Yes
Regulation Financial Conduct Authority (UK)
Fees Yes
Fee Info Financing Fee , Inactivity Fee
Commissions Yes
Commission Info Only Commissions on Shares CFD Trading
Account Types Regular , Premium , Demo
Deposit Methods Debit/Credit Card , Wire Transfer
Withdrawal Methods Debit/Credit Card , Wire Transfer
Trading Methods FCD , Spread Betting
Types of Assets Cryptocurrencies , Forex , Indices , Shares , Commodities
Trading Currency Bitcoin , Ethereum , Litecoin , Ripple
Account Currency GBP , USD , EUR , CAD , JPY , CHF , AUD
US Traders Allowed Yes
Mobile Trading Yes
Tablet Trading Yes
Overall Score 98

Pros

  • One of the oldest CFD brokers
  • Solid financial backing
  • Strong Regulatory Framework
  • Protected by Financial Services Compensation Scheme in UK

Cons

  • Only 2 Account Types
  • No bonuses or promotions

Gain Capital: FOREX.com Review – About the Company

FOREX.com is one of the oldest in largest CFD brokers in the world. The company was founded in 1999 and is currently owned by GAIN Capital Holdings, the company listed on New York Stock Exchange  (ticker symbol GCAP) with capitalisation over $1.4 billion. FOREX.com has a 19-year track record of providing trading services to retail clients, operates in 7 jurisdictions including US, UK, Hong Kong, Canada, Japan, and Australia and is regulated by relevant authorities in each country. One of the main advantages of trading Ethereum, Bitcoin as well as other crypto and traditional assets is that FOREX.com is regulated by Financial Conduct Authority (FCA) in the UK. FOREX.com strictly follows all the rules and guidelines set by the Regulator and client money are held in segregated accounts with tier-one banks. FOREX.com clients may also be eligible for the Financial Services Compensation Scheme, which offers cover up to £50,000 if the company becomes insolvent or ceases trading. In this FOREX.com review, we will cover the main advantages and disadvantages of investing in cryptocurrencies with this CFD broker, as well as explain the features of the trading platform.

FOREX.com Review | Cryptocurrencies Trading | EthereumTrading.pro

FOREX.com Review | Cryptocurrencies Trading | EthereumTrading.pro

Gain Capital: FOREX.com Review – Trading Platforms

There are 4 trading platforms available for FOREX.com clients who want to invest in Bitcoin, Ethereum or other crypts.

FOREX.com Review | EthereumTrading.pro

FOREX.com Review | EthereumTrading.pro

Advanced Trading Platform 

This is the main trading platform used by many clients of FOREX.com  who want to invest in crypto assets. It is a very powerful platform that offers traders more than 80 technical indicators, extensive drawing tools, and advanced charting features. Traders are able to use their own custom indicators as well as integrated trading strategies with 100+ templates to choose from. Advanced trading is built for serious traders that are expecting serious functionality, trading features, and analytical tools in one powerful package.

FOREX.com Review | EthereumTrading.pro

FOREX.com Review | EthereumTrading.pro

Web Trading Platform

This web-based trading platform is optimised for speed and compatibility with most trading browsers so you can trade Ethereum or Bitcoin from any computer connected to the internet. With Web Platform clients also have access to advanced charting tools, more than 70 technical indicators and an overall impressive set of drawing tools. Clients can also deposit and withdraw funds using Web Trading Platform.

Mobile Trading Platform

Optimised for both iOS and Android devices, FOREX.com Web Trading Platform offers clients access to the market from anywhere in the world. It provides access to multiple order types, market analysis section and integrated news. Given the high volatility of the cryptocurrency markets, investors don’t have to be in front of their computers to execute orders which could prove very useful in times of market swings.

MT4 Trading Platform

MT4 is one of the most popular CFD trading platforms and if a part of the FOREX.com offering. MT4 is considered to be an industry standard and comes with a number of useful features and tools. With MT4, Bitcoin and Ethereum trading can customise for automated trading and a lot of crypto investors take advantage of this feature.

FOREX.com Review | EthereumTrading.pro

FOREX.com Review | EthereumTrading.pro

FOREX.com Review – Account Types

It is very easy to open an account with FOREX.com. Upon registration, clients are required to verify the identity for KYC/AML purpose which is the standard procedure with any respectable broker. Once registration is complete, FOREX.com offers it’s users two types of accounts.

Standard Trading Account requires £500 in a deposit to start trading but it is highly advisable to deposit at least £3,000 to unlock full set tradable instruments. Premium Account requires at least £25,000 to open and comes with a number of perks and additional features.

FOREX.com Review | Open Account | EthereumTrading.pro

FOREX.com Review | Open Account | EthereumTrading.pro

This FOREX.com review won’t be complete, without mentioning superior customer support provided to all clients to help them to succeed. The support team can be contacted by phone, email, live chat or fax and is available 24/5.

FOREX.com

  • Superior trade execution capability
  • Competitive spreads
  • Trade 4 Major Cryptocurrencies
Capital at Risk
Visit Now

FOREX.com Review – Cryptocurrency trading

Clients are able to trade 4 major cryptocurrencies and can invest in Bitcoin, Ethereum, Litecoin and Ripple with FOREX.com.

FOREX.com Review | EthereumTrading.pro

FOREX.com Review | EthereumTrading.pro

Traders can take positions and speculate on volatility without significant investment and ownership of the underlying asset. Investors can take both long-short positions when trading Ethereum and Bitcoin, and only long positions in Ripple and Litecoin.

Trading in Bitcoin is available in 4 currency pairs such as GBP, USD, EUR, and AUD. Investors can go long in increments of 0.1 and can invest in bitcoin with leverage slowing to take larger positions with less capital. But remember, increased leverage increases risk.

This FOREX.com review won’t be complete, without mentioning that you don’t need to have a virtual wallet to store and protect your cryptocurrencies. With FOREX.com you can also speculate on both rising and falling market while hedging cryptocurrency risk.

FOREX.com Review – Commission & Fees

Like most of the other online brokers, FOREX.com does not charge commissions but adding spreads on top of prices that traders pay, The spreads are quite competitive and start as low as $1 for Ripple, $3 for Litecoin, $6 for Ethereum and $70 for Bitcoin.

Margin Rates start from 25% and overnight financing is available at 0.08219%.

FOREX.com Review - Fees | EthereumTrading.pro

FOREX.com Review – Fees | EthereumTrading.pro

FOREX.com Review – Pros & Cons

Pros

  • One of the oldest CFD brokers, solid financial backing with a publicly listed company behind
  • Strong Regulatory Framework. Clients are protected by the Financial Services Compensation Scheme in the UK
  • Superior trade execution capability with reliable trading platforms
  • Competitive spreads
  • Professional guidance & support

Cons

  • Only 2 Account Types
  • No bonuses or promotions

FOREX.com Review -Conclusion

For this FOREX.com review, we tried to cover most of the features of this CFD broker and overall satisfied with the results. FOREX.com has solid financial standing and a strong regulatory framework in major countries including the UK and US. It is trusted by more than 200,000 clients globally and has more than $1.4 in assets.

FOREX.com trading platforms suitable for both beginners and advanced cryptocurrency traders and offers advanced trading features such as automated trading, advanced charts, indicators and many others. FOREX.com allows trading Ethereum, Bitcoin, Ripple, and Litecoin with tight spreads and leverage trading is also available.

FOREX.com Review | Reasons to Trade Cryptocurrencies | EthereumTrading.pro

FOREX.com Review | Reasons to Trade Cryptocurrencies | EthereumTrading.pro

In this FOREX.com review, we were completely satisfied with the result and can recommend this CFD broker for anyone looking to start trading Ethereum, Bitcoin or other cryptos. You can also check other Top 10 Crypto Brokers review here

FOREX.com

  • Superior trade execution capability
  • Competitive spreads
  • Trade 4 Major Cryptocurrencies
Capital at Risk
Visit Now

RISK WARNINGCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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. Capital at risk.

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