For this reason, it’s important to trust your intuition and common sense. If a broker looks too good to be true, then it’s likely that he’s not the one for you. It is easy to misjudge, so it helps to talk to other people who have been in the industry when trying to determine a broker with which to trade. Checking reviews can help and there are many websites which offer extensive reviews.
Although FOREX.com’s platforms offer tons of indicators, little explanation is provided within them as to what each is used for and how to interpret them. Read through FOREX.com’s extensive education section for additional help, since the platform is aimed primarily at traders who already have a strong grasp of the forex market and technical analysis. On February 6, 2017, the firm agreed to pay a $7 million penalty to settle a Forex news suit from the U.S. Commodity Futures Trading Commission involving fraudulent misrepresentation by FXCM to its customers and to regulators. FXCM is recommended for forex traders looking for easy account opening, funding and withdrawal. Being NFA/CFTC/FCA-regulated lends credibility, underscoring FOREX.com’s status as a global online broker. Client accounts can go negative, as negative balance protection is not offered to them.
Is the quality of customer service satisfactory?
However, the impression that one gets is that it could be so much better if a bit more attention was paid to the primary revenue generator – the customer. https://www.share-talk.com/universal-broker-dotbig-cryptocurrency-trading-opportunities/ New investors will find some helpful background information, but relying solely on FOREX.com’s education to become proficient in the markets is unlikely.
FOREX.com focuses on currencies, so it makes no effort to be a trader’s 1-stop-shop for every investing need, although the broker does provide trading in spot gold and silver, as well as Forex futures and options. 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.
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Forex.com ensures that its clients access financial markets with a competitive edge. When you have limited time to make trades, you probably don’t want to spend minutes Dotbig forex broker searching for currency pairs or tapping away at a tiny screen. FOREX.com’s mobile app offers a number of customization tools you can use to make the app your own.
- I have been improving myself by participating in this brokers contests.
- You are given the option to open a Forex.com account and trade yourself or open an account with MetaTrader 5 and trade with the help of the software.
- You can choose from different topics, like fundamental analysis or risk management.
- A Standard account at FOREX.com is commission-free, and you have the choice of a FOREX.com account if you plan on using the broker’s proprietary platforms or a MetaTrader 4 account if you prefer that platform.
- I am very satisfied with the broker because they always make their best to help.
Forex.com is recommended for forex traders looking for low fees and great research tools. Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas. Filter according to broker or product type, including stocks, futures, CFDs or crypto. FOREX.com is an online broker that can service all types of traders but its emphasis on fast, reliable execution makes it a good fit for the high-volume trader who can earn rebates that would lower their trading costs. Within DotBig broker the platforms, traders can access charts, economic calendars, news, positions, and trade/order history, and access trade signals and research reports, as well as market analysis from FOREX.com analysts. There are a sufficient amount of indicators and drawing tools to satisfy the avid technical analyst, and the platforms are functional enough to make rapid-fire trades, if needed. The charting package is provided by TradingView and is, by far, the most impressive aspect of the web-based platform.