Review 2023


There is a long history of investors thriving on the performances of stock indices. However, trading has certain limitations as the stock market is less liquid and operates for limited hours. The current economic turbulence has compelled investors to look for better alternatives. So as international trade grows in popularity and currency values fluctuate, investors sought opportunities in forex trading. Overview

Official Website
Headquarters UK
Founded Year 2001
Regulated FCM, RFED, CFTC
Product Offered Forex, CFD, Crypto, commodities, stocks & more
Minimum Initial Deposit $100
Meta trader 4 (MT4) Yes
Meta trader 5 (MT5) No
Trading Fees Low
Inactivity fees Yes
Withdrawal fees $0
Supported currencies EUR, USD, JPY, NZD, CAD, GBP, AUD, & more
Customer Support 24 hours a day from 10 am Sunday to 5 pm Friday

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In the forex market, investors trade a wide variety of currency pairs. By speculating on price movements driven by global events and the condition of different economies, investors can get more value for their money. Furthermore, the forex market functions 24 hours, making it convenient for investors to trade on margin using short-selling techniques. Soon, forex became the preferred trading option among investors. Readout our review to learn more about the platform and to understand all features and fees.

What Is

What Is

Sign Up Now is one of the best forex brokers that capitalize on market volatility to make automated trades and generate profits. As currencies are traded all day long in large volume in forex markets, it is beyond the investor’s capacity to consistently monitor and trade accordingly. Therefore, one of the well-regulated brokers such as can assist investors with their trading needs.

Due to its advanced security protocols, faster transactions, and lower transaction costs or spreads, has become a leading online broker. After hearing a lot about it, we could not resist ourselves from conducting the review. This review consist all the information you need before you start trading with it, we have covered its features pros, cons, customer support, regulation & more. Considering the high risk involved with trading, we hope that this in-depth forex trading review will prove to be a beacon for you.

Who Can Use is designed for both beginners and high-volume traders. It allows investors to trade a wide range of assets in major global markets with order types. Trading options include foreign currencies, contracts for differences (CFDs), commodities, stocks, exchange-traded funds, initial public offerings, cryptocurrencies, precious metals, and futures.

Using the trading platform, traders can trade more than 80 base currency pairs with competitive spreads via its web-based platform or MetaTrader 4 (MT4) platform or mobile app. However, we suggest they proceed with caution when trading to avoid the high risk of losing funds due to high leverage, and prefer forex trader review.

Is Regulated?

While investigating the authenticity of the platform and analyzing the review, we came to know that the broker is well-regulated by major financial authorities of the US, the UK, Japan, Canada, Singapore, Australia, and the Cayman Islands. Some of the most notable regulators of include the US Commodity Futures Trading Commission, the UK Financial Conduct Authority, and the Cayman Islands Monetary Authority. platform has a number of active traders from different parts of the world. The broker has earned a reputation for maintaining liquidity above the stipulated capital requirements that ensures the safety of customer deposits. Fees & Commissions trading platform has a transparent pricing system. It charges no fees for making deposits or withdrawals. However, traders with less than $10,000 in the account might have to pay 15$ per month as a penalty after one year of account inactivity.

The broker generates profits from spreads such as fixed spreads and variable spreads. The fixed spreads remain unaffected by market volatility or liquidity. The variable spreads, on the other hand, are proportional to the demand for a currency pair. Please note that the broker charges a variable spread and commission for different base currency pairs.

How to Open an Account on

How To Open Account On

Sign Up Now offers a simple, fast, and fully digital registration process for customers in over 180 countries from across North America, Europe, and the Asia Pacific. To begin with, you need to make a minimum initial deposit of $50. Account management is made simple with its simple deposit and withdrawal process. Here is a step-by-step guide for setting up the account.

  1. Choose either a account or a MetaTrader 4 account.
  2. Provide your details such as full name, date of birth, email address, and phone number.
  3. Set a strong password.
  4. Submit your documents for proof of identity and proof of residence.
  5. Add your financial details such as taxpayer information, employment status, income, net worth, and trading experience.

There are mainly three ways to own an account with, individual, joint, and corporate. Based on their pricing and availability with the platform, there are three account types to choose from.

  1. Standard Account
  2. The standard account is only available with the MT4 platform. This account offers several benefits, such as higher competitive spreads, faster trades, and zero commission. It is the best option for novice traders who want to leverage market-maker execution and higher spreads.

  1. Commission Account
  2. The commission account is only available with’s proprietary platform. This account offers reduced spreads and charges a commission of $5 per 100K traded. It is a better option for medium to high-volume and expert traders who wish to benefit from’s Active Trader program.

  1. STP Pro Account
  2. STP Pro account is available in This account is designed for serious high-volume FX traders looking for maximum control. With a balance of $25,000, but does not grant access to the Active Trader program.

  1. Demo Account
  2. also offers a demo account to help novice traders familiarize themselves with trading and the platform with low risk. The demo account is free of charge and can be used with virtual currencies.

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What is the Active Trader Program?’s Active Trader Program is available for traders with $25,000 or more in the account or making $25 million trades per month. With this program, high-volume traders can get up to 15 percent cash rebates per one million dollars in trades and other exclusive benefits.

Pros and Cons

Pros Cons
 A low minimum initial deposit of $50.  Charges an account inactivity fee of 15$.
 User-friendly and fully digital platform.  Account verification takes time.
 Different types of accounts.  Limited customer service options.
 Supports over 300 instruments and 80 currency pairs.  Cryptocurrency trading not allowed for U.S. traders.
 Relatively low spreads.  Spreads are higher than other international brokers.
 Well-regulated by financial authorities.  Not ASIC Regulate.
 Multiple platforms including proprietary and MetaTrade.
 Demo account.
 Wide range of derivatives.
 No hidden costs.
 Low forex fees.

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How to Trade with

For our FOREXcom review, we tested the broker across all devices. We found that there are specific trading platforms that provide both new and seasoned traders seamless trading experience. With varied options, is at the forefront of serving all types of traders with their trading needs. Let us take a closer look at the features and functionalities of these platforms.

  1. Advanced Trading Platform
  2. With its user-friendly and customizable trade setting feature, the Advanced Trading Platform is the best choice for experienced traders to leverage the forex market. There is a large selection of tools providing real-time trade updates to create automated strategies beforehand. Further, it is backed by Trading Central and its modules, including Technical Insight, Market Buzz, and Analyst Views.

  1. Web-Based Trading Platform
  2.’s easy to use web-based trading platform is optimized for personal and laptop computers. Designed keeping in mind casual traders, the platform hosts a plethora of features making it easier for beginners and expert traders to analyze the trade patterns and place trades accordingly.

    While using this platform, we noticed that it is well-equipped with analytics and tools to make quick trade such as economic calendars and charts, technical and market sentiment indicators, and market news. Apart from that, there are expert analysis, market research reports, and trade signals that can help you strategize your trade.

  1. MetaTrader
  2. MetaTrader is a third-party platform for trading with and comes in two variants – MT4 and MT5. The only difference between them is the availability of instruments for trade. The industry level MetaTrader platform integrates high-end automated trading tools. The platform performed very well in our review.

  1. Mobile Trading Platform
  2. Trading is not limited to computers only as offers its full-featured app for Android and iOS users. Our testing of the app showed that it is no less effective than its web-based platform. Its intuitive user interface not only allows you to place trades using technical indicators but also enables you to stop losses and make profits when trading.

    Other remarkable features of the app are integrated fund and risk management options, and trade alerts. However, the app needs to improve its charting feature.

How to Make a Deposit?

To start with, a well know forex broker in the UK, you need to make a deposit first. offers multiple deposit options and requires a relatively low deposit of $50 after setting up the account. However, the broker recommends depositing $2,500 to access a wide range of trading instruments and have enhanced risk management.

Deposits are instant and can be made via credit card, debit card, or wire transfer such as PayPal. Remember, the platform charges no fees on deposit.

Which Instruments Are Available for Trading with

Trading with takes place 24/6, but the availability of instruments is subject to jurisdictions. offers a broad selection of assets. You can trade with forex, CFDs, commodities, indices, cryptocurrencies, and precious metals such as gold and silver. With over 80 currency pairs, you have the option to trade with six base currencies namely USD, EUR, GBP, AUD, JPY, and CHF.

Range of Markets at
Our usage of the platform revealed that trade margin requirements vary with the trader, account types, and trading instruments. Trading in stocks comes without stop-specific risk, while in commodities with zero commission and one percent margin. Features like fixed and competitive spreads and low margins give it a competitive edge over other best forex brokers in the market.

The privilege of trading such a vast range of assets in one place gives investors a lucrative opportunity to create more wealth and expand their investment portfolios.

How to Use Leverage and Margin Trading?

Leverage and margin trading are more preferably used by traders to increase their profits. Considering the slow price movements, allows traders to use these features to find potential investment opportunities and make meaningful trades. The website of has a margin calculator that traders can refer to choose the best leverage and margin requirements based on their location, account type, and activity.

Having said that, we advise you to trade with caution to avoid incurring heavy losses in funds. To save traders from suffering potential losses, has restricted leverage in certain jurisdictions while relaxing it in the rest.

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How to Make Withdrawals?

We were pleased to see that similar to deposits, offers multiple withdrawal options. You can withdraw your money using a credit card or debit card or bank transfer. Usually, the withdrawals take 2-3 business days to reflect into your bank account, in our case it was within 48 hours. Though does not charge any withdrawal fees, it has set a minimum withdrawal limit of $100.

Knowledge base

As discussed earlier, forex trading is a bit complicated and tricky, so it requires you to have a thorough knowledge of it before you select a broker. For those who are new to trading forex reviews, nothing could be a better place than

The website hosts a rich and diverse research resource concerning the forex market under its ‘Market Analysis’ section. You can keep yourself updated with technical analysis reports provided by the third-party service Trading Central. You can learn more through the following paragraphs; we will be discussing them in detail.

  1. Autochartist
  2. integrates an advanced tool known as Autochartist that performs multiple charting functions. From identifying trade patterns to analyzing volatility, Autochartist provides traders with key trading insights. Not only this but also you get to learn about new trading ideas with the help of best forex signals and technical indicators.

  1. Market Buzz
  2. This is another noteworthy feature of that uses artificial intelligence to provide traders with essential market sentiment and economic indicators.

  1. News Feed
  2. Staying up to date with the latest market events is a key to success in trading. We explored its comprehensive news feed and found that it covers news stories on market analysis from several sources such as Reuters.

  1. Economic Calendar
  2. One of the most useful parts of is its economic calendar. With its news timeline and macroeconomic timeline options, you can stay organized.

  1. Analysts View
  2. Expert opinions can make a difference and enrich your trading experience. This section of features tips and market reports based on experts’ analysis of the market. Furthermore, you can use its margin calculator and charting tools to place a trade. In short,’s ‘Market Analysis’ section is easily accessible and extremely helpful for traders who lack market knowledge.



Sign Up Now has a dedicated ‘Education’ section, where you can find an impressive collection of interactive trading courses and other educational offerings designed for all types of traders. These courses are categorized into three levels based on the trader’s skill level – beginner, intermediate, and advanced- presenting useful information in the form of articles, charts, and videos.

Our assessment of these courses confirms that it is the best tool for both beginners and professionals to gain confidence in trading. You can access these courses for free and without logging into your account. Digging deep into the ‘Education’ section took us to some brilliant resources that we have described below.

  1. Informational Videos
  2.’s YouTube channel features tutorial videos on useful topics including forex concepts, market analysis, and risk management. These videos are a great way to enhance your trading understanding and make improvements.

  1. Informative Articles and Blog
  2. regularly updates its website with high-quality articles on various topics that can be of great help while creating trading strategies.

  1. Trading Glossary & Quiz
  2. These are fun features under this section that allows you to familiarize yourself with jargons used in trading and test your knowledge.

Additional Features of

Besides in-depth research and educational offerings, has additional features making it easier for traders to access the platform.

  • Traders can take advantage of its self-study course ‘Learn to Trade Forex’ to learn how to execute trades using pip calculators, margin trading, advanced charting, and many more.
  • The ‘Smart Tickets’ feature enables traders to manage high risk by stopping trades based on market conditions.
  • It frequently hosts the ‘Foundations of Forex Trading’ webinar series in partnership with Trade with Precision.

Comparison of with Other Brokers? is a highly regulated and licensed online broker that outclasses other brokers on many grounds.

Pros Cons
 Allows traders to trade with over 80 currency pairs.  Supports limited currencies that minimize the money-making opportunities or lose money.
 Provides different trading platforms including mobile app.  Grants access to web-based platform only.
 Delivers helpful trading insights with its research and educational resources.  Traders need to be skilled to proceed with trading on their own.
 Offers extensive technical reports, charts, and over 90 technical indicators for beginners.  Beforehand market knowledge is a must before and during trading.
 Has won the ‘Best Broker in the USA’ award.  Not all of them are well-recognized.

Is Legit?

As a trader, you need to be sure about asset security. The broker is a part of GAIN Capital Holdings which has over $8 billion in assets, which is why it is considered a safe forex trading platform. From our review, we can say that your assets are safe with the broker for several reasons.

Firstly, it is listed on the New York Stock Exchange, which makes it a trustworthy trading platform. Next, it employs the best account segregation and security policies in place to safeguard customer funds during economic crises. The broker stores deposits at a network of banks, which prevents its misuse. Lastly, its global liquidity plan serves as an external revolving credit facility.

The broker has a global presence and operates in compliance with strict regulatory standards for the safety of data and funds. Therefore, it is bound to provide traders a safe trading environment and facilitate secure online transactions.

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Advantages of

So far, we have come to know that it is one of the best platforms to invest and trade with for making profits. There are many benefits of trading with compared to other brokers.

  • There are no upfront fees for joining the platform.
  • It’s simple to navigate the automated portal and facilitates trade with ease.
  • You can choose from a wide range of instruments.
  • It offers a free demo account for novice traders to practice and gain confidence.
  • With its relatively low and competitive spreads, you can save on costs.
  • One can place multiple trades and order types.

Customer Service has dedicated customer service with live chat that is available to the traders Sunday to Friday. You can reach them over the phone or via live chat or email for any technical issues or trade-related queries. Also, its website contains tutorials and manuals as well as a FAQ section to provide traders with useful tips.

Customer Support of
We tried to contact customer support to check their response rate. When we used the live chat option, we found it is limited to certain queries as it is only a bot. So, we sent them an email with more detailed questions. But again, we got no response for three business days. Finally, we moved on to contact them over the phone and got a swift reply with relevant answers to our queries.

Overall, based on our review, customer service is good compared to other brokers, but we suggest you reach them over the phone if you want prompt solutions.

Conclusion is an excellent forex and CFD broker with a lot to offer. It serves all your online trading needs in major financial markets. We explored every aspect of the platform just to find that it has something for all types of traders. From featuring an educational section for new traders to providing technical analysis reports for high-volume traders, is the most valuable option to trade with from our forex trade review.

Since it is an advanced platform, we were impressed by its access to a variety of instruments and derivatives, low forex fees, and reliable trade execution. Other areas that are worth considering include advanced trading tools, competitive spreads, and lower commissions, different account types, multiple automated trading platforms, and research and educational resources. The best part is that it is regulated by the world’s renowned regulatory agencies, which authenticates its credibility.

To summarize our findings with review, we could say that is highly regarded by active traders to maintain successful trade. As a whole, we had a pleasing experience of trading and making profits with So, if you are looking for an online broker that is reliable and generates guaranteed profits, look no further than You can also read reviews, before you start trading with it.

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Is reliable?

Yes. is a genuine online broker and complies with regulatory requirements in more than 180 countries.

How to deposit at

The process of depositing at is simple. You need to deposit a minimum of $50 via credit card or debit card or wire transfer.

How to make withdrawals from has a transparent withdrawal system. The funds are processed via the preferred payment mode after a trade ends. Please note that the minimum withdrawal amount is $100.

How much do I need to pay to open a account? charges no fees for opening an account. However, there is an account inactivity fee of $15.

What is the maximum leverage at

The maximum leverage offered by for major currency pairs stands at 1:50.

Does have a mobile app?

Yes. allows mobile trading with its fully functional app for both Android and iOS users.

Is Forex Com A good broker?

Yes, is an advanced platform providing online trading needs in major financial markets.
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