Forex.com: Highly Rated Forex Trading App
With brand name recognition (especially as part of StoneX), Forex.com is a popular choice and often one of the first forex trading platforms that investors look to. As an online broker that’s publicly traded on the NASDAQ, Forex.com is highly trusted in the industry. They’re also the most regulated, with four tier-one jurisdictions under their belt.
U.S.-based users also flock to Forex.com for its longevity (around since 2001) and the high number of currency pairs available. At publication, Forex.com offers more than 80 FX pairs. They also offer the ability to trade gold and silver, as well as futures and futures options. In some countries, you can use Forex.com to trade cryptocurrency and other assets, but this feature is not currently available in the United States.
Though Forex.com doesn’t boast the lowest prices, they do offer flexible and competitive fees, based on five different levels, ranging from standard to pro. A typical spread for most forex pairs is 1.3 pips and sometimes higher than 2, though one-pip trades are available for some pairings. In ultra-favorable conditions, the spread can be as low as 0.77 pips.
Trading Platform Overview
Forex.com recognizes that there are nearly as many different types of traders as there are trades that can be executed. For this reason, you’ll be armed with every platform imaginable, including Forex.com’s web-based platform and MetaTrader4. Ninja Trader is an excellent trading platform that’s also available. Mobile functionality is also an option.
One of the reasons Forex.com is on the list of best forex trading platforms is that you can use advanced charting tools by TradingView to view more than 10 different types of charts, including 14 timeframes and dozens of drawing tools.
Key Features
High trade execution: Thanks to pricing supplied at the speed of light, traders are able to get real-time views of actual pricing. This gives traders confidence that the price they specify in their order will be executed.
Fast transactions: Close to 100% of trades are executed in less than a second.
Platform options: From Forex.com’s proprietary trading platforms to MetaTrader, Ninja Trader, and more, you’ve got a powerful suite of tools at your fingertips.
Advanced charting tools: Find your secret trading weapon by utilizing Forex.com’s professional-level chartingfunctionality. Choose your own chart type (including candlesticks, lines and bars, and more), compare multiple timeframes, and use over 60 indicators and drawing tools to detect patterns and uncover trends. There’s even a Compare feature that allows you to overlay multiple markets for even more money-making insights.
Free 30-day demo account: You can try before you buy, while also testing out your trading strategies and ability to use technical analysis tools. The demo account from this online broker is free and available for 30 days.
As a publicly traded company with the most name recognition, Forex.com is a great place to begin your trading journey and hone your skills. Just make sure that the tools and trades you want to use are available in your region.