|Regulation||Cayman Ioslands Monetary Authority under the Securities Investment Business Law of the Cayman Island|
|Address||135 US Hwy 202/206, Bedminster, NJ 07921, USA|
|CS Phone||1908 315 0653|
|Trading Platform Timezone||GMT+0|
|Web based trading||Yes|
|Other Trading Instrument||Cryptocurrencies|
|Minimum Deposit||at least 50 of selected currency but recommended is 2500|
|Forex.com Broker Review|
|Forex.com is the trading arm of GAIN Global Markets Inc., which is a publicly traded company with headquarters in the USA. Just like many other forex brokers, Forex.com provides various financial instruments to go along with different platforms. |
It provides all the basic knick-knacks one can expect from a legitimate and efficient brokerage. Two things make this company apparently reliable for traders:
• It is under regulations.
• Its parent company trades publicly.
These two things guarantee that these people mean business. Let’s admit it: traders feel safer when brokerages are under regulations.
The fact that its mother company trades on the NYSE is another plus point for Forex.com. A public company takes care of its reputation. Therefore, it’s safe to assume it does its best to make its trading arm excellent.
Forex.com Notable Feature/s: Statistics on Trade Execution
Forex.com is aware that there are thousands of other brokers out there competing in the same market as them. It’s easy to think that it’s just another broker that brags about stuff like accomplishments and excellent service.
The difference is that Forex.com has numbers to back up its claims. Such statistics are helpful to further solidify its advantage over other brokers. Of course, you can’t argue with numbers—facts.
To give a snapshot of these statistics, Forex.com says that:
• 99.34% of trades are executed in less than 1 second
• 0.06 seconds elapsed between market order receipt and execution
• 52.82% of limit orders improved
• 100% of limit orders filled “at or better”
• 1.06 pips average price improvement each limit order
These numbers are impressive. Almost instant trade executions mean they fill your order at the exact moment you want it. When that happens, there’s less chance your actual order execution will deviate too much from your expected execution.
In other words, your trading strategy won’t suffer too much in volatile market conditions. That’s how these Forex.com statistics matter.
What do we think?
Forex.com has a lot of bragging rights, which are necessary for it to live up to its name.
Basically, this broker has everything you need: web/mobile platform, reasonable fees and commissions, and the feeling of security for your money. The last one matters because you would never want your money in the hands if suspicious people, would you?
We’d say if you prefer a broker that you can trust, Forex.com is your bet. Overall, you can trade with them without worrying about your safety as a trader. Low fees, quick-fire trade execution, and security—this is a recipe for success.