In plain English, U.S.

Additionally, GAIN Capital UK Ltd is authorized and regulated by the Financial Conduct Authority (FCA #113942). Clients also have additional asset protection through the Financial Services Compensation Scheme , up to £85,000.

Forex review

Our team works hard to provide our clients with a stellar trading service and support. For this reason, we would like to hear more about your personal experience with us so that we may investigate this further. Client accounts can go negative, as negative Forex news balance protection is not offered to them. In plain English, U.S. traders with negative account balances are on the hook for more money than they initially deposited into their accounts. Also, U.S. clients are not offered guaranteed stop loss orders.

I Have A Small Account That I Plan On

If you want to take your chances in other markets, commodities and cryptocurrencies are also available in the platform. Even if you do open a FOREX.com account to speculate in the forex market, you should also open another account with a stockbroker to invest for your retirement. I can’t withdraw my money and 2 weeks ago I had https://www.forbes.com/advisor/investing/what-is-forex-trading/ a terrible experience. As the markets opened on a day with one of the worst crashes we’ve seen this year, the app froze and I couldn’t close any trades. It said I had no open positions and there was no information at all on the app. I tried the website and it was also down and I couldn’t access the chat on the app or website.

Forex review

The Advanced Trading platform features advanced order types, deep customization, and plenty of subtle-but-useful features – such as the ability to set price tolerance from within the trade ticket. I found the layout well-designed, easy to use, and rich with features. For the sake of comparison, I found the Advanced Trading platform similar to FXCM’s own impressive proprietary platform. The educational offering for U.S. traders DotBig company is not as robust as what’s available on FOREX.com’s new U.K. Retail forex and CFD traders who want a trusted broker with brilliant tools, research, and access to nearly every global market will find that IG is a fantastic choice. The ForexBrokers.com annual forex broker review is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year.

Fees

FOREX.com offers negative balance protection, which is mandated under ESMA rules that went into effect in 2018, and guaranteed stop losses at an additional cost for its U.K./E.U. Client funds are kept segregated from the funds of FOREX.com, which helps safeguard clients’ money in the event the company has financial issues. Clients also have additional asset protection through the Financial Services Forex Compensation Scheme , up to £85,000, while Canadian clients are protected by the Canadian Investor Protection Fund. U.S. clients are not as fortunate, as no additional insurance is provided by the company in terms of safeguarding their funds. In the U.S., its product line caters solely to spot forex trading, unleveraged gold & silver, and futures through its affiliate, FuturesOnline.

  • Other services include diverse strategies, trading courses, and more.
  • You also get a notification when your orders get fulfilled.
  • FOREX.com offers over 40 currency pairs, gold, and silver for your personal investment and trading options.
  • Forex.com is considered safe because it has a long track record, it is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange.
  • As an early pioneer in offering online forex trading in the U.S., FOREX.com remains one of the largest retail FX brokers globally, with over $3.9 billion in customer equity.

We continuously work to improve both our platform stability as well as our platform’s feature set. I had no problems whatsoever funding my account, the problem was when I tried to withdraw or fund when in a favorable position. I have complained to all security exchange authorities, but they are in the same boat https://www.share-talk.com/universal-broker-dotbig-cryptocurrency-trading-opportunities/ with them. They won’t give me enough time to go into details, but I would. We do not trade against our clients and hope that our traders make a profit and continue to trade on us. FOREX.com is a heavily regulated firm in the United States and follow all regulations that are in our clients’ best interest.

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