Charts are flexible and adaptable.
Both apps current have average reviews, with some users saying they can be slow or difficult to navigate. In my experience testing the app on my one-year-old Android phone, the app was straightforward and simple to follow and everything was fast and zippy.
Forex.com offers trading features for users with any level of experience.
While foreign exchange and CFD trading are risky, beginners can get their feet wet and learn the ropes at Forex.com. The demo account is perfect to start, as you can play with tens of thousands of dollars and learn how everything works without risking real money.
Once you fund a live account, you can trade with leverage and margin to further extend your trading power. Margin requirements differ by platform and are displayed on the screens for most trades. Margin requirements start at 0.5% for some assets and are as high as 20% for others.
Trade with extreme care when using margin and leverage. It is possible for your account to go into a negative balance.
Commissions & Spreads
Forex.com allows you to choose between traditional spreads or commissions.
When signing up for your account, you have two main options. The standard account uses spread based pricing. Spreads vary widely by asset. Typical spreads start around 2 pips for the most popular assets and go up to over 100 on others.
Higher volume traders with a focus on spreads can get lower spreads with a commission account. Commission accounts charge $5 per 100k of trades and unlock tighter spreads.
Joining the Active Trader Program gives you interest on available margin up to 1.5% APY and up to $10 in cash rebates per $1 million in trades.
Traders with a minimum recommended $25,000 balance and 100k trade size should consider the Direct Market Access (DMA) account. However, most users are best off with one of the other two depending on your account size and trade volume.
Bonus & Promotions
New accounts get a bonus of 20% of their funded account balance up to $5,000.
When you open and fund a new account, you can get up to $5,000 back as a welcome bonus. To qualify, deposit funds into a new account within 14 days. You’ll get 20% of that, up to $5,000 total, as a welcome bonus.
After opening an account, fill out the form here to opt-in. A $25,000 deposit yields the maximum $5,000 bonus.
See the above section to learn more about the Active Trader Program, which includes ongoing cash rebates and other benefits.
Customer support is available by phone, live chat, or email 24 hours a day during market hours.
Sometimes you need a little help. Whether it’s figuring out the right way to enter a trade or iron out a question about funding your account, reaching customer support is very easy.
Hours are 3:00 pm GMT on Sunday to 10:00 pm on Friday. Help is there 24 hours a day, so even if you’re trading in the middle of the night, help is standing by.
For live chat, go to the Forex.com website. Email support at email@example.com. Or call the US phone number 1-908-315-0653. Support has channels on Twitter, Facebook, and YouTube, but you’re better off calling or using live chat for urgent issues.
The website also includes an extensive FAQ section and downloadable guides and manuals for Forex.com platforms.
Forex.com offers enough research resources to help you make informed trading decisions.
To make money with CFDs and forex, you’re trading on forward-looking news and economic indicators. Forex.com puts news and technical research at your fingertips when logged in to any of its platforms.
Trading Central features technical insights, market buzz, and analyst views. By digging into news stories and analyzing coverage, Forex.com helps you see what’s hot and what’s not.