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FOREX.COM REVIEW

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User is offline   xysoom 

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FOREX.COM REVIEW


FOREX.com is a one-stop shop for forex traders. With a massive range of tradable currencies, low account minimums and an impressive trading platform, FOREX.com is an excellent choice for brokers searching for a home base for their currency trading. New traders and seasoned veterans alike will love FOREX.com’s extensive education and research center that provides free, informative forex trading courses at multiple skill levels. While FOREX.com is impressive, remember that it isn’t a standard broker.To get more news about forex.com review, you can visit wikifx.com official website.

Why FOREX.com Over Others?
Should you open an account with FOREX.com? Let’s take a look at some of the benefits of working with this broker.
Wide range of currency pairs to trade. FOREX.com allows you to buy and sell over 80 currency pairs. It’s 1 of the most comprehensive currency trading providers in the world.
Comprehensive list of indicators. Those who use technical analysis to inform their trading will appreciate FOREX.com’s technical indicator offerings with over 90 individual indicators to choose from. You can add indicators to a currency pair’s chart with a single click and can add multiple indicators to a chart.
Plenty of educational tools. Forex trading can be intimidating to beginners. FOREX.com offers an impressive selection of research and education tools for traders at every expertise level. From live webinars to beginner and advanced risk management courses, every trader can learn something new when they open an account with this broker.
FOREX.com makes money from the dealing or bid-ask spread. For currency pairs, the bid is the highest exchange rate the broker will pay, while the ask is the lowest exchange rate the broker will sell at. The difference between the bid and ask rates is called the “dealing spread”.

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. FOREX.com also charges lower average dealing spreads than many competing brokers, although its spreads are variable, so they can change depending on market conditions.
FOREX.com also offers its Commission and STP Pro accounts that involve paying commissions. Commission accounts incur a fee of $5 per 100k traded, but they have reduced spreads when compared to the Standard account. The amount of money you can expect to pay in commissions varies depending on how often you will be trading.

You may be able to access spreads as low as 0.2 in a Commission account, while minimum spreads in Standard accounts are around the 1.0 mark, depending on the currency pair. Most stock traders will be familiar with a commission structure, and comparing dealing spreads is a common way to assess pricing among forex brokers.

Using leverage by trading on margin is a common method forex traders use to control larger positions with a given amount of trading capital. This lets them amplify profits (or losses) and make more meaningful trades as a result.

Margin requirements at FOREX.com vary depending on the currency pair you’re trading. For example, the margin requirement for a position in the USD/CAD pair is 2%. This means that for every $100,000 position you wish to hold, you need to maintain a deposit of at least $2,000 in your margin account. That also implies a leverage ratio of 50:1.

The minimum balance required to open an account with FOREX.com is 100 units of your base currency. If you’re a U.S. trader, this means that you can open an account with as little as $100. However, FOREX.com recommends that most traders maintain at least $2,500 in their accounts, which helps prevent automatic position closeouts due to a lack of available margin.
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