Forex.com Video Review:
This broker is one of the largest in the United States, and frequently advertises on many cable channels as it and FXCM are currently vying for domination of the US-based consumer. Gain Capital is the actual corporation that runs Forex.com, and is well-known throughout the world as a leading Forex dealer.
The dealer is known for its integrity, regulatory compliance, and ease of use for the novice trader. The site is packed full of information, and is probably one of the better FX sites on the planet for the novice and expert alike.
Forex.com offers a multitude of pairs, (over 45) including such varied instruments as gold, the Turkish Lira, and the Polish Zloty.
Forex.com uses website trading, FOREXTrader PRO, MetaTrader 4, and a mobile trading platform for customers to access their trading accounts. This allows for maximum flexibility as to how each trader gets involved in the markets. The website one is being featured in the video, and has the added advantage of being able to be accessed from anywhere in the world without software downloads.
Forex.com has customer support via phone or email, and is open for help during the open hours of the FX market.
The platform is reliable, and the dealer is as well. Gain Capital has long been known for their services in the United States, and is one of the biggest operators on the planet. The firm operates in a very transparent manner as it is heavily regulated in the US. The trading platform boosts a 99%+ reliability rating from independent resources.
Commissions and Spreads
Forex.com is a dealer, meaning it makes money from the spread. There is no commission, and the company keeps their spreads tight, so you as a trader will know ahead of time what your costs per trade are going to be. It should be noted however that the variable spread is a touch higher than you will see in other places.
IBFX is constantly changing their promotions for traders, normally coming up with a new one every month. Currently, at the time of writing – they are offering a bonus of 10% on deposits of more than $2,000 for new traders.
Interbank FX is well-known and very popular as a broker, especially in the US. They are regulated in the US, as well as Australia. The platform is ideal, as most traders will have used the MT4 before, and the amount of free add-ons to the platform is simply staggering. The broker allows a credit card deposit, and is quick to return your profits via the same card or check. You can also mail a check to fund your account as well. Of particular note, the account can be attached to an IBFX debit card, giving you access to your account at any time. It also offers virtual private servers for those of you that prefer to use the automated trading robots and require a VPS to protect the robot from Internet outages, etc.
Variable spreads. This dealer keeps the cost of trading down.
The MT4 platform is very expandable and can easily be customized.
The web based platform has a multitude of information available as well.
The deposit process is simple and quick, allowing for eChecks, Wire Transfers, and Checks.
It is a dealer, meaning that you are trading against them. If you are uncomfortable with this kind of situation, you will need to look further.
The spreads are slightly higher than what can be found in other places.