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Forex.com GAIN Capital Group Review

Forex.com Forex Broker | Forex.com Review & Rating | GAIN Capital Group

RATING: 3.6 / 24 REVIEWS
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Forex.com real time & average spread

Real time spread
N/A
Average spread
For the last hour
Min spread
N/A
Max spread
N/A
Swap long: n/a
Swap short: n/a
Stop/Limit level: n/a

Forex.com execution and slippage

0.77 pips

 

Slippage is the difference between the price at which the order has been placed and the price at which it has been executed by the broker. The less slippage you get, the better your trading results will be. 

 

Our slippage data about Forex.com is sampled by 10 of the most popular forex trading strategies in Zulutrade.com

0.08 pips

Forex.com slippage with Kama-spot trading strategy

Kama-spot is a forex trading strategy, based on technical analysis. It trades mainly EUR/USD, GBP/USD and USD/CHF

Average profit:                14.0 pips
Average trade lifespan:  19 hours
Most traded pairs:               EUR/USD, GBP/USD and USD/CHF

 

0.09 pips

Forex.com slippage with Saved FX trading strategy

Average profit:                  16.0 pips

Average trade lifespan:    1 day

Most traded pairs:                 EUR/USD, GBP/USD, USD/CHF
0.46 pips

Forex.com slippage with Qurenix trading strategy

Average profit:                  9.0 pips

Average trade lifespan:  5 hours

Most traded pairs:             EUR/USD
0.15 pips

Forex.com slippage with Forex Cruise Control trading strategy

Average pips/trade:           5.0

Average trade lifespan:   18 hours

Most traded pairs:              GBP/USD
0.02 pips

Forex.com slippage with For333 trading strategy

Average pips/trade:           12.0

Average trade lifespan:   15 hours

Most traded pairs:              GBP/USD, EUR/USD, AUD/USD
1.47 pips

Forex.com slippage with Azar Consulting trading strategy

Average profit:                   28.0 pips

Average trade lifespan:   3 days

Most traded pairs:               EUR/USD
0.25 pips

Forex.com slippage with The Best Player trading strategy

Average profit:                  22.0 pips

Average trade lifespan:   13 hours

Most traded pairs:               EUR/USD
0.28 pips

Forex.com slippage with Xiaolidao trading strategy

Average pips/trade:           9.0 pips

Average trade lifespan:   1 day

Most traded pairs:               EUR/USD
1.90 pips

Forex.com slippage with Youron trading strategy

Average profit:                  9.0 pips

Average trade lifespan:   11 hours

Most traded pairs:               EUR/USD, GBP/USD
3.02 pips

Forex.com slippage with Duanxian(GBP\USD) trading strategy

Average profit:                      10.0 pips

Average trade lifespan:      1 days
 
Most traded pairs:                   EUR/USD, NZD/USD, GBP/USD

Trading Accounts

 

Account type Minimum deposit  Minimum trade size  Maximum leverage* Average Spreads
Standard $50  0.01 1:200  1.8 pips 
AciveTrader/Premium  $20 000/$10 000   0.01 1:200 1.3 pips **/1.5 pips
*Leverage in the US is limited to 1:50.
** Spreads can be as low as 0.7, based on the clients’ trading
volume.

 

FOREX.COM currently offers two account types: Standard, and Active Trader.  The ActiveTrader account was launched in November, 2016 in Canada and US and soon it will also be rolled out to the rest of the markets where the broker operates. 

 

An alternative to the ActiveTrader, Premium account (currently available in UK, Australia, etc.) is available with $10 000 and offers spreads averaged 1.5 pips. It also offers 2% interest on your account balance, up to $50,000.

 

The Active Trader account is accessible only via the broker’s proprietary FOREXTrader platform and will not be offered to traders using the MetaTrader 4 (MT4) or any Managed Accounts and accounts referred by an introducing broker (IB).

 

In addition, FOREX.COM offers swap-free accounts to investors of Islamic belief.

 

Trading Conditions

 

Minimum initial deposit

In order to open an account with FOREX.COM, one has to invest just $50, which is a low minimum initial deposit. In comparison, FXCM also demands $50 from its clients as a start.

 

Spreads & Commission

One of the main advantages of major broker FOREX.COM is that it offers commission-free trading. Of course, this means that the company gets remuneration for its services by a mark-up. That is why FOREX.COM’ variable spreads are not among the tightest in the industry – average ones amount to 1.8 pips on EUR/USD pair. Nonetheless, you get access to a selection of trading platforms with fast execution (average execution speed is 0.05 seconds), and most importantly, your funds are safe.

 

In addition, ActiveTrader account holders may benefit from an average 15% reduction on our standard spreads. Spreads on this account type can be as low as 0.7 pips on EUR/USD, plus, their holders get personalized support, priority service and no account fees on the FOREXTrader Platform.

 

In comparison, FXCM offers variable spreads, averaged 1.5 pips on commission-free accounts. For further information, you may check out and compare real-time spreads of 15 leading brokers here

 

Maximum leverage

The maximum leverage levels offered by FOREX.COM is up to 1:200, which is considered average. Of course, the maximum leverage provided to US clients is 1:50.

 

If you need higher leverage ratios, many FX brokers provide such. FXCM offers leverage up to 1:400 and you may also check out a list of brokerages providing leverage up to 1:500 or higher here. You should keep in mind, however, that higher leverage involves greater risk of losses.

 

The Company. Security of funds

 

Set up in 1999, Gain Capital now has a global reach. Being one of the largest brokers in the US, it is therefore in direct competition with FXCM for the domination of the US market. It is It offers trading in currency pairs, index & commodities CFDs, precious metals, as well as exchange-traded futures and options (US clients).

 

First of all, GAIN Capital Group, LLC is a registered futures commission merchant and retail foreign exchange dealer with the US Commodity Futures Trading Commission (CFTC) and is also a member of the National Futures Association (NFA).

 

Brokers that are registered with the NFA are obliged to comply with a stringent set of rules. US regulation is one of the strictest, which is a good thing in terms of investor protection, however some of the rules imposed are considered too restrictive.

 

For instance, NFA-registered brokers are required to maintain a net capital of at least $20 million to guarantee customers’ positions, which is the highest minimum capital requirement worldwide.

 

Besides, hedging is not allowed and leverage is limited to 1:50, while European brokers are free to provide leverages up to 1:1000 or even higher than that.

 

The parent company, GAIN Capital Holdings, Inc. (NYSE:GCAP), is a New Jersey-based forex and CFD broker. As a global publicly traded company, regulated in 7 jurisdictions, Gain Capital meets high standards of corporate governance, financial reporting and disclosure. Generally speaking, if you choose to invest in forex.com, you may trade without worries about your funds’ safety.

 

Company

Country

Regulation

GAIN Capital Group, LLC

US

NFA, CFTC

Forex.com UK Limited

UK

FCA

GAIN Capital FOREX.com Australia Pty Limited 

Australia

ASIC

Forex.com Canada Limited

Canada

ILLROC

GAIN Capital Group (Hong Kong) Limited 

Hong Kong

SFC

GAIN Capital Japan Ltd. 

Japan

FFAJ

 

Trading platforms

 

Forex.com offers its clients two basic trading platforms: its in-house FOREXTrader & and the popular MetaTrader 4. In addition, the brokerage also supports Tradable and its special ECN platform, GTX.

 

The fully-customizable FOREXTrader is equipped with advanced trading features, professional charting tools and integrated research and analysis. It comes in as web, PC varsions and full array of mobile apps (including iOS and Android devices).

FOREXTrader PRO’s professional-grade trading tools include real-time charting, pattern recognition software by Autochartist, and custom-built automated trading software, called Strategy Center.

 

Among the FOREXTrader’s features is the Strategy Center with automated buy and sell signals, which allows traders to access 15 user customizable pre-defined trading strategies as well as build their own via the Strategy Wizard. The Strategy Center includes the ability to back test strategies against historical data and then activate them to generate buy and sell signals in real time.

 

Forex.com's inhouse FOREXTrader platform. Click to enlarge.

 

The comprehensive research and analysis includes round-the-clock updates from our expert in-house research team, real-time concise headlines from Reuters News, and professional technical analysis from industry-leading Trading Central.

 

With this platform, users are able to choose between instant and market execution (through the Execution Mode drop-down). Unfortunately, FOREXTrader does not allow hedging, as open positions are closed in compliance with the (First in First Out) FIFO accounting rule, applicable in the US.

 

The most common forex trading platform - MetaTrader4 - is also supported by Forex.com. It offers competitive pricing on over 45 currencies, superior market execution and EA optimized environment. Furthermore, Forex.com’s MT4 is equipped with some unique trader tools & resources, such as live commentary from the company’s Global Research Team, real time technical analysis from Trading Central and actionable ideas from Autochartist. According to us, MT4, offered by forex.com has one significant disadvantage - it does Not offer a 3rd party bridge.

 

GAIN Capital’s GTX is an independent and innovative ECN designed for institutions and professional traders. It offers robust algorithmic trading capabilities that enable clients to develop and implement a wide range of trading strategies using GTX’s Java or FIX-based APIs.

 

Payment methods

 

Clients of Forex.com may use bank wire transfer, as well as debit/credit cards as payment methods.

US clients may also make deposits and withdrawals via Check and eCheck (U.S. bank accounts only), while EU clients can use Sofortbanking (online funds transfer available in the UK, Germany, Switzerland, The Netherlands and Belgium only).

 

Conclusion

 

Although its spreads are not among the tightest on the forex market, we highly recommend Forex.com, for it has earned its reputation of a reliable broker with strong regulation and transparent policy. It offers reasonable conditions for trading in forex, CFDs and stocks on a wide range of platforms. Here are, in a nutshell, the advantages and disadvantages with regards to Forex.com, the retail forex brand of Gain Capital:

 

Pros       Cons
Well-regulated & reputable broker Mediocre spreads
Commission-free trading  
Choice of trading platforms, MT4 available  
Fast execution speed  

                                                                                  

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Spread

 

* All times are GMT. The time now is hh:mm

 

Our SpreadMonitor is designed to scan Forex.com quotes tick by tick and to provide you with unbiased information about the average, minimum and maximum spread for a certain timeframe.

 

At the present moment we are able to provide spread data only  from Forex.com MT4 account. The spreads on Forex.com's  MT4 are among the lowest, but if you need even lower spreads you can check Gain GTX - Gain Capital's fully independent ECN platform. Gain GTX is designed for high volume traders, so you need to deposit $100,000 and average 5M daily trading volumes.

 

Although spreads are an important factor in choosing a forex broker, you also should take into account commisions, slippage, regulation and broker's reputation.  

 

Slippage

Slippage is the difference between the price you’ve placed your market or pending order at and the price broker have executed it. Our slippage data is sampled from over 1000 real accounts, following the top 10 Zulutrade signal providers. 

 

Forex.com trading platform offers Instant Execution mode - a valuable tool that  provides you with maximum control over slippage.  Instant Execution mode ensures that your trades will only be executed at your requested price or within a specified price range. Keep in mind that slippage may vary from trader to trader, depending on trading style, liquidity during the time of day when orders are executed, server location, network lag etc. Trading during volatile market (e.g. news releases) and low liquidity times (e.g. pre-Tokyo open Asian session) can lead to excessive slippage. To find our what is the slippage on your own trades with Forex.com or any other MT4 broker, download our free EA.

 

According Forex.com in-house statistics over 68% of all limit orders have received positive slippage of average 0.89 pips. Please notice that the in-house execution statistics do not include orders executed via the MT4 platform.

Requotes

You may get requoted if you trade in Instant Execution mode and your market order can't be executed within the specified price range. 

 

 

Price feed

Forex.com aggregates liquidity from over 20  liquidity providers, including top tier banks and multiple liquidity venues. With so many LPs Forex.com is capable to provide low spreads and top notch execution in all market conditions.

 

Over 99% of all orders are executed in less than 1 second and average execution speed is below 0.1 seconds. Please notice that average execution time doesn't include network lags. 

 

 

Platform

FOREX.COM METATRADER 4

Meta Trader is offered by FOREX.com UK Limited, the FSA regulated subsidiary of Gain Capital Group. It is a user frienly yet powerful forex trading platform, that comes equipped with an advanced charting package and autotrading capabilities. 

 

Benefits of using Forex.com MT4:

- Tight dealing spreads - as low as 1-2 pips

- Micro lot trading and hedging available

- Free forex VPS - free EA hosting (£5,000 account balance and 1 stadndard lot monthly trading volume required)

 

FOREX.COM FOREXTRADER PRO

ForexTrader Pro, the Forex.com's most powerful in-house developed trading platform, provides active traders with advanced technical analysis tools, automated trading strategies, market news and research

 

Benefits of using Forex.com ForexTrader Pro:

- Advanced charting - Analyze the market with over 70 technical indicators and drawing tools. Execute and manage your trades directly on the charts.

- Automated trading strategies - Choose from 15 preloaded autotrading strategies or build and backtest your own trading strategy using the innovative Strategy Wizard. No coding skills needed!

- Free market news, analysis and trading ideas from Dow Jones Newswires,  Autochartist and Trading Central.

 

FOREX.COM FOREXTRADER PRO.WEB

 

FOREXTrader PRO.Web is a browser-based trading platform, fully compatible with Mac and PC. It allows traders to benefit from most features of the desktop version, but lacks autotrading capabilities.

 

Benefits of using Forex.com ForexTrader Pro:

- Accessible from Mac computers

- Sophisticated tech analysis tools

- Streaming news, research and commentary

 

FOREX.COM WEB TRADING

Forex.com Web Trading allows traders to manage their forex accounts through simplified interface from any computer with internet access.

 

Benefits of using Forex.com ForexTrader Pro:

- Snapshot view of open positions, real time quotes, latest market news and research

- Request withdrawals, fund your account, view trading reports or update your personal info with a couple of clicks

 

FOREX.COM MOBILE TRADING PLATFORMS

Trade forex and CFDs anytime, anywhere with Forex.com apps for iPhone, iPad, Android and Blackberry

 

 

GAIN GTX ECN FOREX PLATFORM

GAIN GTX is a true ECN forex trading platform, providing traders with access to deep liquidity, ultra-tight spreads and full depth of market information.

 

Benefits of using Forex.com ForexTrader Pro:

- Interact with all GAIN GTX participants, including top tier banks, hedge funds and individual traders.

- Trade using a range of order types including One-Cancels-the-Other (OCO) orders, peg & iceberg orders etc. Futhermore traders are enabled  to construct their own basket trades

- Take advantage of GAIN GTX powerful autotrading features: run your automated trading strategies using GAIN GTX’s FIX or Java-based  APIs.

 

Deposit/Withdraw

Deposit

Withdrawal

Bank Wire

Check

eCheck

Bank Wire

Check 

 

 

 

 

Forex.com processes withdrawal requests within 2 business days of receipt. Withdrawal via bank wire incurs a $25 fee within the USAs, and $40 fee for international wires. Withdrawal via check is free of charge.

 

 

 

 

Customer service

Forex.com Customer service reps are available 24/7. They are really polite and ready to help. 

Summary

Forex.com Pros

Forex.com Cons

Wide variety of trading platforms available,  including MT4, Web and mobile apps

GAIN GTX is a true ECN platform

Autotrading capabilities

FIX API available

Decent customer service

Regulated by NFA (USA) andFSA (UK)

N/A

 

 

 

Traders` reviews for Forex.com

This is the WORSE EVER

I have been trading fx professionally since 1986 and was transferred over to this bucket shop from FXCM. Why not to trade with them:

Slippage of .5 to 1 pip. They advertise cost of 1.4 pips but this is a lie and actually fraud when they compare it to what was paid at FXCM

Stale pricing: they say they don't make quotes only levels but you never know where those levels are unless you have access to a bloomberg or reuters. I do and can tell you they quote one level and the market is actually 5 plus pips higher or lower from what they are showing

Customer Service: Is ok but they only are the front line. The idiot in the CEO office is the one that needs a rope around his neck!!

My professional opinion is avoid this place at all cost. Interactive Brokers is the best on the market after FXCM was shut down. I realize that they require a deposit of $10,000 but their platform rocks, prices are real, spreads tight (commission trading like FXCM), and most important you can actually place trade knowing where you will be filled (no slippage)!!!! I have a complaint filed with the NFA against Gain Capital and Forex.com FYI.

michael was 07/05/2017

Good trading platform & low spreads

Forex.com is an excellent broker with a wonderful customer on-line support, good trading platform and low spread. I will definitely recommend it to anyone. I'm positively surprised about the fast processing of my withdrawals.

Another thing is it is regulated in the US.

Good trades everyone!

keith82 07/04/2016

no promlem

I had no problem opening a $100k account, traded for 5 days and had wired out all funds as a test in 2 days from request. I had great customer service and a good overall experience. I think most of the negative user reviews are due to lack of experience and knowledge of the market.

Max Roth 07/04/2016

Been trading with FOREX.com for months. Good broker with an efficient trading platform. No issues about deposit and withdrawal so far. before joining them, I checked many online reviews and overview (http://www.fxhq.com/brokers/forex-com).. my research helped me trust them ,, however, Haven’t tried their bonus offer.

Elijah Sheean 09/15/2015

Active Trader for one month

I don't normally add reviews but in this case it seemed warrented.

I've read about every review of forex trading and the different brokerages, and from actually using forex.com for the past month most of the reviews slamming this brokerage are due to people not understand how markets really work.

EXAMPLE:. If I open a position based on MACD, using common advice on this indicator, and the other thousand or tens of thousands of traders using the same indicator do the same thing within minutes of each other, then how is that going to affect the market.

ANSWER: If the position indicated is a long position, then all the new long trades will drive the price down, and into the stop you happen to have if not placed far enough from the entry price. This is true for short positions also.

Just so those out there will maybe understand where I'm coming from, I lost over $800 in four days, because I was using stops and MACD in the wrong way to be profitable. I even thought for a couple days forex.com was running my stops, but I checked the market data from other sources and the charts matched up. Although it can seem like the broker is gunning for your stops, this is a little egocentric. Most of us are small time traders, so it's really just our trades placed at the wrong time. Plan and simple.

After about a week of losing money everyday, and realizing what was actually happening. A combination of trading during non-peak hours, and some beginner trading mistakes accounted for all of my loses.

Since I figured out what I'm doing, I've been able to get 50 to 100 pips profit every day with forex.com. I'm still digging myself out of the losses I incured from my first couple weeks trading, and am well on my way to profitable trading.

I use their mobile apps exclusively, so I can give a good review of those products. The iPhone app is well structured, and easy to research trades. The only negative comment I can make about the iPhone app is you have to re-signin constantely. So I can use the app to initiate trades if I signin immediately before placing the trades. The iPad app doesn't have this problem, so I use the iPad app 99% of the time and it's worked out well for me.

The only thing I haven't done yet is withdrawl funds.


Scott M 02/27/2013

Just started using Forex.com

I just started trading with Forex.com and so far my opinion is mostly positive. Their MT4 is not exactly intuitive but the support is very helpful and always answer all my questions.

No issues with deposits so far, haven’t withdrawn yet but I will report if there are any problems. Spreads are competitive and the execution is good.

Claire Wilkins 06/22/2012

Forex.com Review by Stocks-For-Beginners.com

We are expert reviewer of Forex brokers and it is urgent to say that Forex.com is a good broker, opposite to most of the reviews found on the web. Every reader should be aware of the fact that most people are disappointed because of losing their money. But it is not the broker's fault; it is the traders who took wrong decisions. The biggest problem is that people are trading Forex without really taking care about risk warnings, that this is not suitable for everyone!

Goran Dolenc 03/05/2012

Forex.com trades against you. They dont want you to turn a profit

I use Forex.com for one of my brokerage accounts. I am still trailing stops behind my last USD/CAD position which shows gains in excess of +500 Pips. The position I held on my Forex.com account was automatically closed out this morning without having touched my Trail Stops. What I found out was that Forex.com will close your position once it shows gains that are too big, especially after +500 Pips. Beware Forex.com is in the Thievery Business!!!

speculator 09/22/2011

I experienced many other glitches like a sudden price drop that wiped out a stop set to 40 pips away. I suspected foul play because streaming data from other services showed no sudden drop. Their reply to all of this is that their system is working properly and there is nothing they can do. They will refuse to refund any money under any circumstances.

FS, currencysecrets.com 10/29/2009

I made some trades in 2008 and I stopped using forex.com after a total loss of 270.
It is true the server freezes sometimes and there are chances that your orders may not be filled as desired.
But the platform seems simple and clear to understand than DealBook360 which is hard to figure out. DealBook360 needs sometime to understand it. I really don’t like forex.com’s pips. I think they are rip offs. When market is volatile you probably can make some profit if you are careful plus pip is reasonable, but at the time you don’t make much money pip is high and they just discourage you from trading.
Anyway I liked forex trading than stocks, because in stocks you have to wait more than three days for your money to settle, which was not profitable as compared to forex.
So the question is which platform is the best for forex trading? I don’t know.
I am researching which on which one to go for. However, I won’t be going back to forex any more rather I prefer going for DealBook360 which I have not yet tried. I rate forex.com 3.5//10

AB, currencysecrets.com 10/29/2009

So, here are the downers first, some are just my wishes, but nevertheless.

1. First-in first-out policy - i dont like that, but then again, it is now possible to close individual lots manually, but you cant put orders on those.
2. Support people are sometimes unaware of whats going on, and yes, for that alone it shoud deserve 1-2 stars at best. Then again, it depends, and you might get a helpful person on the other end of chat/phone.
3. Spikes and lag during news, yes, sometimes 30-40 pips, but that goes for all brokers out there, and forex.com isnt the worst from which i have tried.
4. Difference between charts and prices given, sometimes 10 pips or more. Not very helpful for sharp scalping.
5. No hedging of positions. (tho i might be wrong about that)
Probably there is more, but i cant remember on the spot.


Now, the good:

1. The money depositing/withdrawing - never ever had a problem with that: wworks like a charm for me. Yes, it takes some time, but thats true for everything. Keep in mind, that a standart wire transfer takes 10 bank days to go through (2 weeks), checks can take 2 months, so if you are small time player, use getting back to credit card, if possible.
2. Unlike some others out there, they dont have that awful thing that you can put orders only 5-10 pips away from your position, can take even 1 pip if you like.
3. Their inside commentary, analysis, strategies are quite good.
4. Access through mobile phone - i use that alot to see whats going on, while not at computer.

Andris, forexrealm.com 10/29/2009

Advantages:

-Low spreads, 1-2 pips for major pairs
-4 trading platforms, including wireless
-11 languages
-Around-the-clock support is available

Disadvantages:

-Not intuitive and takes some time to learn to use
-Monthly statements are only mailed upon request
-Minimum deposit relatively high - $250 for mini-account alone.
-FOREX made an unsolicited phone call to potential investor.

dailyforex.com 10/29/2009

Trading was good early 2009 but the past 5-months not good. Reprice of trade entry. Java platform broken. Customer Service issues. I am moving on to trade FX E-micro futures.

FXQuest 10/29/2009

The all 3 platforms provided by Forex.com are OK

The 3 platforms provided are ok. Have to reset chart preference every time you login which is annoying. One of the platforms has failed and I have not been able to use it in two weeks.

When I went to request a withdrawal they decide to remove the option of crediting back the credit card used but not post his information anywhere. My transaction was just cancelled and no one told me. I then submitted a request to wire the money. Needless to say the fax numbers we down, and I'm now still waiting for my money after over a week.

duktrader, Goforex.net 08/06/2009

Their dealing desk is a.... cheating desk

Their dealing desk is a.... cheating desk ! ! !
They "gun" your stops , the rate change against you when you want to place or close a trade , etc...
Their cheating desk has made me loosing a lot of money.
PLUS , their trailing stop orders are NOT tight to an open position. So, if you close the position, the trailing stop is still there... ! ! !
They are CHEATERS.

Bruno, Earnforex.com 08/06/2009

I made $2300 in 8 days

I started with 500 and 8 days later my account is at 3800. The proof is in the pudding. You others can go ahead and leave, but keep trading, I need your money.

Bohi, Earnforex.com 08/06/2009

Don't get Forex.com wrong

Don't get Forex.com wrong...They put up a nice front as far as service, but their account exec's don't know jack about your account and leverage. Or MAYBE they're just ripping you off...

Trader Martin 08/06/2009

Their trading desk will nail you

Definitely dishonest. Trading desk will nail you when they can. For sure stop hunting. Analysts purposely mislead you in some of their strategies, then act like they were surprised by turn of events.

Leo, Goforex 08/06/2009

Scratch them off your short list

From my own personal experience with Forex.com, I only have three things to say about them: SCAM, SCAM, SCAM. Do yourself a favor and do your due diligance. Check out carefully the broker with whom you are going to trust to do the right thing. You can scratch Forex.com off your short list right now. Unless, that is, you want to give your money to these thieves!

Mark, Earnforex.com 08/06/2009

Forex.com spreads are not fixed now

Didn't have much problems with them until recently they changed their platform to the disadvantage of the trader ( cant see how much margin left till margin call), spreads are not fixed any more and are generaly bigger now (6-8 pips for eurjpy! most of the time)

Raz, Earnforex 08/06/2009

Chart changing its trend to rip you off

They always trade against your position and make you lose. Right after, or shortly after you place your trade, you will see the chart changing ist trend to rip you off. The patform is doing more thna just posting the price. It is not neutral and it is you against the owner of the software. IS THIS WHOLE THING A SCAM? IS FOREX A SCAM? Remeber there is no outside regulation. It is you and a broker who spent years mastering this software, so that it will always make them win against you.

Alvin, Goforex.net 08/06/2009

I use Fapturbo and MegaDroid with Forex.com and I'm satisfied

I've been trading live using Forex.com metatrader for 4 months. I use Fapturbo and MegaDroid. Both trade well. I sent 1 withdrawal request and waited for 15 days to get money. Had to send them several emails. Hope this is an exception. So far I like the broker and customer service.

Mark, Goforex.net 08/06/2009

Don't blame Gain Capital

Overall good experience. Theres a lot of paranoia in the forex market. It's sort of like a video game mentality where as soon as that person fails he blames the game. oh hax! well... learn2trade mabye.
the market is fractal. it almost always come down after going up. just because it reversed as soon as you got long does not mean your brokers to blame. infact i use 2 charts and have never seen a difference between my 3rd party charting software and forex.com's charting software larger than the spread.

If your stops are getting hit and reversing immediatly then your not putting your stops in an advantagious place.

I'll throw you complainers a bone. why don't you profit from other peoples stops getting ran.

Anticipate where others have placed their stops. wait for evidence of a spill. when the blood stops running and starts to pool get long with a reasonable stop and a conservative limit.

Rene, Goforex.net 08/06/2009

If you can't stand presure, forex is not for you

Well, i see a lot of bad reviews in here, and i understand them is not easy to loose your money, but you can't blame other ppl for your mistakes i personally have lost about 600Dlls in Forex and i don't whine because i know i should have had more discipline while trading, first of all to all new traders, let me state that if you're afraid of loosing money or can't stand presure, this market is not for you, because one day can be all good and the next in one bad move loose all your money, this is a market to make educated decisions and not on greed or fear.

Adam Rocha 08/06/2009
Forex
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