Forex.com probably has the ultimate domain for a Forex broker.  But does their service live up to the titanic domain?  Is Forex.com a Scam that preys on new traders? Please post your experiences with Forex.com so we can get to the bottom of this together.  First a little about Forex.com.

FOREX.com is a division of the GAIN Capital Group, headquartered in New Jersey and New York. Private forex traders can take advantage of the market expertise and financial strength of GAIN Capital Group and access an institutional FX trading platform, GAIN Capital representitives are one of the only Forex analysts from a forex broker I see give interviews on national television here in the USA. Forex.com does operate a trading desk which is a stark contrast to an ECN broker and the advantages they bring.  Forex.com is commission free and offers competitive spreads on their Standard accounts.

$50k Practice Trading Account

Forex.com starts you out with a free no obligation practice account.  To beginner traders, Forex.com presents a few easy steps before you should start trading with real money in Forex.

Understanding the FOREX market.
Forex.com provides weekly live webinars where traders of all levels can come and share their thoughts on trades and techniques.

Step 2: Prepare to trade in a live environment.
Forex.com holds training seminars both on line and in the real world, where real forex professionals can teach you the ins and outs of trading Forex for real.

Step 3: Test your Forex strategies risk free.
With a 30-day practice account offered free of charge, you can get acclimated to trading with Forex.com’s platform.

Forex Education.
Forex.com offers free forex educational material. This is key to a new trader’s success in Forex trading.

Live Forex Webinars
Join us for free interactive webinar. Our webinar series provide instruction, demonstration and discussion.

Forex Workshops
Local workshops are offered in many locations tailored for all levels of forex traders.

Training courses
Learn at your own pace. Sign up for one of our comprehensive online training courses.

Phone Consultations
Offers one free phone consultation (subsequent consultations offered at a fair price) on developing an appropriate trading strategy for you.

The Forex.com Trading Platform
Been familiar with Forex.com’s FOREXTRADER platform for a few years.  My favorite aspect of this platform is the “point and shoot” feature which allows you to close a trade within an instant.  Good for precise entries and exits, this feature has gotten me out of some pretty close trades and undoubtedly saved me pips. Forex.com’s FOREXTrader platform, offers real-time forex charts, up to date professional forex market research and news that might move currencies, and a host of technical forex trading tools. For beginner traders, FOREX.com offers forex training programs, forex minis, and information about trading the foreign currency market.  When I first joined, I received a complimentary “lesson” on Forex trading via phone.  The platform has built in Forex News thats streamed live to yoe.  You are able to create your own workspaces which includes multiple monitor setups for those of us who have more than one monitor. The Forex.com spreads are not the lowest in the industry however.  If you are trading a mini account, you are suffering from a 3 pip EUR/USD spread, a 9 pip GBP/JPY spread, a 4pip EUR/JPY spread, etc.  This does not mean you can not be profitable with Forex.com however.  Once you have a standard account, the spreads and leverage are lowered.

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