Email support is available for more in-depth questions but expect to wait one to three business days for a response. Stop – A pending order where the entry is at a predetermined point above or below the prevailing market rate depending on whether it’s a buy or sell. The trader also has the option of selecting the expiration time of this order. Limit – A pending order where the entry is at a predetermined point below or above the prevailing market rate depending on whether it’s a buy or sell.
From a core trading cost perspective, Forex.com delivers across the board, but trading costs without volume-based rebates are moderately higher versus competitors. The core MT4/MT5 trading platforms are available, alongside a cutting-edge proprietary trading platform.
Forex.com Deposits and Withdrawals
I recommend traders carefully consider trading costs at each account, as the difference makes a notable impact on profitability. The user experience at FOREX.com starts well with the green live chat bar at the right side of its website page and on the mobile app. You can easily visit every page on the site with a few clicks, and the site’s useful educational information should help you make more money speculating on exchange https://en.wikipedia.org/wiki/Foreign_exchange_market rates. 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. Fees, minimum deposit requirements, withdrawal, account opening, research tools and more.
- OCO – A pair of pending orders where the execution of one automatically cancels the other.
- In terms of other fees, accounts with no trading activity for more than 12 months are subject to a $15/month inactivity fee.
- Research and education rank among the best-quality services industry-wide.
- You can also benefit from trading and learning in the same place because there’s no need to learn two different platforms.
Many courses also include YouTube video tutorials to facilitate your learning process. Best of all, each of the FOREX.com courses is totally free — you don’t even need to be logged into your account to begin learning. FOREX.com’s trading platforms accommodate the active day trading professional as well as the occasional longer-term trader. Forex The commission-free trading account lists a minimum mark-up of 0.8 pips with an average of 1.1 pips. The commission-based alternative commences with a spread of 0.2 pips for a commission of $5.00 per lot or a cost of $7.00. Active traders can lower trading fees between 4% and 15% via the volume-based Active Trader rebate program.
Research and Education
The customer service chat is amazing and fast with real people. I can’t dotbig review withdraw my money and 2 weeks ago I had a terrible experience.
The DMA account features Forex spreads from 0.1 pips for a minimum commission of $6.00 for a final cost of $7.00 but is lowered up to 67% via the volume-based rebate program to $3.00. Prefer to get the classroom experience when you learn how to trade? FOREX.com hosts regular live dotbig review webinars at every skill level to help you boost your trading know-how. Topics range from basic forex strategy to trading psychology and risk management. You can quickly book your space at each webinar by entering your name, email address and phone number on FOREX.com’s website.
