Slippage is the difference between the price at which the order has been placed and the price at which it has been executed by the broker. The less slippage you get, the better your trading results will be.
Our slippage data about Forex.com is sampled by 10 of the most popular forex trading strategies in Zulutrade.com
Kama-spot is a forex trading strategy, based on technical analysis. It trades mainly EUR/USD, GBP/USD and USD/CHF
Average profit: 14.0 pips
Average trade lifespan: 19 hours
Most traded pairs: EUR/USD, GBP/USD and USD/CHF
Average profit: 16.0 pips
Average trade lifespan: 1 day
Average profit: 9.0 pips
Average trade lifespan: 5 hours
Average pips/trade: 5.0
Average trade lifespan: 18 hours
Average pips/trade: 12.0
Average trade lifespan: 15 hours
Average profit: 28.0 pips
Average trade lifespan: 3 days
Average profit: 22.0 pips
Average trade lifespan: 13 hours
Average pips/trade: 9.0 pips
Average trade lifespan: 1 day
Average profit: 9.0 pips
Average trade lifespan: 11 hours
Average profit: 10.0 pips
Company Name: FOREX.com
Website Address: www.forex.com
Headquarters: Bedminster One, 135 US Highway 202/206, Suite 11, Bedminster, NJ 07921.
Country: United States
Regulated by: NFA (USA), CFTC (USA), FCA (UK), FSA (Japan), ASIC (Australia), IIROC (Canada)
Languages: English, Chinese Traditional and Simplified, Arabic, Russian, German, and Japanese
Phone: +1 908-731-0750
Fax: +1-908-731-0701
E-mail: info@forex.com
Free Phone: Toll Free: 877-367-3946 (US & Canada)
Year of company's foundation: 1999
Year of company's forex division foundation: 1999
Client base: Individuals (IBs, Money Managers, White Label partners, please visit www.gaincapital.com).
Services: Forex and Metals (UK and AU only). Trading 24 hours a day from Sunday 5pm ET – Friday 5:00pm ET. Commission Free trading (bid/ask spreads apply). Web-based trading platform requires no download or installation. No debit balance guarantee. Free access to charting, news and research. 24 hour customer support via phone, email and chat during trading hours. Mobile trading available. 24 Hour trading.
Languages: English, Chinese simplified and traditional, Arabic, Russian, Japanese
2.8
4.4
Standart Account:
minimum deposit: $2,500
minimum lot size: 100k
max leverage: 50:1 Majors, 20:1 Minors US; Up to 200:1 UK and AU only
Mini Account:
minimum deposit: $250 ($500 in US)
minimum lot size: 10k
max leverage: 50:1 Majors, 20:1 Minors US; Up to 200:1 UK and AU only
Spread:
Variable, as low as 1.1 pips on ForexTrader Pro
Commissions:
No. FOREX.com is compensated for its services through the bid/ask spread.
Dealing:
Deposit/Withdraw
Bank Wire, Credit card, Check
USD, EUR, CAD, YEN, CHF, AUD, NZD and GBP deposits are accepted.
Trading Platform:
FOREXTrader PRO and Metatrader 4 platforms
FOREXTrader platforms combine ease of use, flexibility and a full suite of professional charting and order management tools, all on a single screen. Best of all, you can use the same User ID and Password to switch between ForexTrader platforms at will, putting you in total control of your trading experience.
Extra software and websites
Zulutrade signals
StrategyRunner AutoTrading
Ninja Trader AutoTrading and charting
Advanz strategy diversification tool
API trading
eSignal Charts
In our humble opinion, Forex.com's biggest advantage is the outstanding and lightning-fast execution. With an average execution speed of 60 milliseconds, in 100% of the limit orders placed with the broker get executed at the requested price, and 67% of them receive an average positive price improvement of 0.62 pips.
* All times are GMT. The time now is hh:mm
Our SpreadMonitor is designed to scan Forex.com quotes tick by tick and to provide you with unbiased information about the average, minimum and maximum spread for a certain timeframe.
At the present moment we are able to provide spread data only from Forex.com MT4 account. The spreads on Forex.com's MT4 are among the lowest, but if you need even lower spreads you can check Gain GTX - Gain Capital's fully independent ECN platform. Gain GTX is designed for high volume traders, so you need to deposit $100,000 and average 5M daily trading volumes.
Although spreads are an important factor in choosing a forex broker, you also should take into account commisions, slippage, regulation and broker's reputation.
Slippage is the difference between the price you’ve placed your market or pending order at and the price broker have executed it. Our slippage data is sampled from over 1000 real accounts, following the top 10 Zulutrade signal providers.
Forex.com trading platform offers Instant Execution mode - a valuable tool that provides you with maximum control over slippage. Instant Execution mode ensures that your trades will only be executed at your requested price or within a specified price range. Keep in mind that slippage may vary from trader to trader, depending on trading style, liquidity during the time of day when orders are executed, server location, network lag etc. Trading during volatile market (e.g. news releases) and low liquidity times (e.g. pre-Tokyo open Asian session) can lead to excessive slippage. To find our what is the slippage on your own trades with Forex.com or any other MT4 broker, download our free EA.
According Forex.com in-house statistics over 68% of all limit orders have received positive slippage of average 0.89 pips. Please notice that the in-house execution statistics do not include orders executed via the MT4 platform.
You may get requoted if you trade in Instant Execution mode and your market order can't be executed within the specified price range.
Forex.com aggregates liquidity from over 20 liquidity providers, including top tier banks and multiple liquidity venues. With so many LPs Forex.com is capable to provide low spreads and top notch execution in all market conditions.
Over 99% of all orders are executed in less than 1 second and average execution speed is below 0.1 seconds. Please notice that average execution time doesn't include network lags.
FOREX.COM METATRADER 4
Meta Trader is offered by FOREX.com UK Limited, the FSA regulated subsidiary of Gain Capital Group. It is a user frienly yet powerful forex trading platform, that comes equipped with an advanced charting package and autotrading capabilities.
Benefits of using Forex.com MT4:
- Tight dealing spreads - as low as 1-2 pips
- Micro lot trading and hedging available
- Free forex VPS - free EA hosting (£5,000 account balance and 1 stadndard lot monthly trading volume required)
FOREX.COM FOREXTRADER PRO
ForexTrader Pro, the Forex.com's most powerful in-house developed trading platform, provides active traders with advanced technical analysis tools, automated trading strategies, market news and research
Benefits of using Forex.com ForexTrader Pro:
- Advanced charting - Analyze the market with over 70 technical indicators and drawing tools. Execute and manage your trades directly on the charts.
- Automated trading strategies - Choose from 15 preloaded autotrading strategies or build and backtest your own trading strategy using the innovative Strategy Wizard. No coding skills needed!
- Free market news, analysis and trading ideas from Dow Jones Newswires, Autochartist and Trading Central.
FOREX.COM FOREXTRADER PRO.WEB
FOREXTrader PRO.Web is a browser-based trading platform, fully compatible with Mac and PC. It allows traders to benefit from most features of the desktop version, but lacks autotrading capabilities.
Benefits of using Forex.com ForexTrader Pro:
- Accessible from Mac computers
- Sophisticated tech analysis tools
- Streaming news, research and commentary
FOREX.COM WEB TRADING
Forex.com Web Trading allows traders to manage their forex accounts through simplified interface from any computer with internet access.
Benefits of using Forex.com ForexTrader Pro:
- Snapshot view of open positions, real time quotes, latest market news and research
- Request withdrawals, fund your account, view trading reports or update your personal info with a couple of clicks
FOREX.COM MOBILE TRADING PLATFORMS
Trade forex and CFDs anytime, anywhere with Forex.com apps for iPhone, iPad, Android and Blackberry
GAIN GTX ECN FOREX PLATFORM
GAIN GTX is a true ECN forex trading platform, providing traders with access to deep liquidity, ultra-tight spreads and full depth of market information.
Benefits of using Forex.com ForexTrader Pro:
- Interact with all GAIN GTX participants, including top tier banks, hedge funds and individual traders.
- Trade using a range of order types including One-Cancels-the-Other (OCO) orders, peg & iceberg orders etc. Futhermore traders are enabled to construct their own basket trades
- Take advantage of GAIN GTX powerful autotrading features: run your automated trading strategies using GAIN GTX’s FIX or Java-based APIs.
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Deposit |
Withdrawal |
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Bank Wire Credit Card Check eCheck |
Bank Wire Credit Card Check
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Forex.com processes withdrawal requests within 2 business days of receipt. Withdrawal via bank wire incurs a $25 fee within the USAs, and $40 fee for international wires. Withdrawal via check is free of charge.
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Forex.com Pros |
Forex.com Cons |
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Wide variety of trading platforms available, including MT4, Web and mobile apps GAIN GTX is a true ECN platform Autotrading capabilities FIX API available Decent customer service Regulated by NFA (USA) andFSA (UK) |
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Add reviewI don't normally add reviews but in this case it seemed warrented.
I've read about every review of forex trading and the different brokerages, and from actually using forex.com for the past month most of the reviews slamming this brokerage are due to people not understand how markets really work.
EXAMPLE:. If I open a position based on MACD, using common advice on this indicator, and the other thousand or tens of thousands of traders using the same indicator do the same thing within minutes of each other, then how is that going to affect the market.
ANSWER: If the position indicated is a long position, then all the new long trades will drive the price down, and into the stop you happen to have if not placed far enough from the entry price. This is true for short positions also.
Just so those out there will maybe understand where I'm coming from, I lost over $800 in four days, because I was using stops and MACD in the wrong way to be profitable. I even thought for a couple days forex.com was running my stops, but I checked the market data from other sources and the charts matched up. Although it can seem like the broker is gunning for your stops, this is a little egocentric. Most of us are small time traders, so it's really just our trades placed at the wrong time. Plan and simple.
After about a week of losing money everyday, and realizing what was actually happening. A combination of trading during non-peak hours, and some beginner trading mistakes accounted for all of my loses.
Since I figured out what I'm doing, I've been able to get 50 to 100 pips profit every day with forex.com. I'm still digging myself out of the losses I incured from my first couple weeks trading, and am well on my way to profitable trading.
I use their mobile apps exclusively, so I can give a good review of those products. The iPhone app is well structured, and easy to research trades. The only negative comment I can make about the iPhone app is you have to re-signin constantely. So I can use the app to initiate trades if I signin immediately before placing the trades. The iPad app doesn't have this problem, so I use the iPad app 99% of the time and it's worked out well for me.
The only thing I haven't done yet is withdrawl funds.
I just started trading with Forex.com and so far my opinion is mostly positive. Their MT4 is not exactly intuitive but the support is very helpful and always answer all my questions.
No issues with deposits so far, haven’t withdrawn yet but I will report if there are any problems. Spreads are competitive and the execution is good.
We are expert reviewer of Forex brokers and it is urgent to say that Forex.com is a good broker, opposite to most of the reviews found on the web. Every reader should be aware of the fact that most people are disappointed because of losing their money. But it is not the broker's fault; it is the traders who took wrong decisions. The biggest problem is that people are trading Forex without really taking care about risk warnings, that this is not suitable for everyone!
I use Forex.com for one of my brokerage accounts. I am still trailing stops behind my last USD/CAD position which shows gains in excess of +500 Pips. The position I held on my Forex.com account was automatically closed out this morning without having touched my Trail Stops. What I found out was that Forex.com will close your position once it shows gains that are too big, especially after +500 Pips. Beware Forex.com is in the Thievery Business!!!
I experienced many other glitches like a sudden price drop that wiped out a stop set to 40 pips away. I suspected foul play because streaming data from other services showed no sudden drop. Their reply to all of this is that their system is working properly and there is nothing they can do. They will refuse to refund any money under any circumstances.
I made some trades in 2008 and I stopped using forex.com after a total loss of 270.
It is true the server freezes sometimes and there are chances that your orders may not be filled as desired.
But the platform seems simple and clear to understand than DealBook360 which is hard to figure out. DealBook360 needs sometime to understand it. I really don’t like forex.com’s pips. I think they are rip offs. When market is volatile you probably can make some profit if you are careful plus pip is reasonable, but at the time you don’t make much money pip is high and they just discourage you from trading.
Anyway I liked forex trading than stocks, because in stocks you have to wait more than three days for your money to settle, which was not profitable as compared to forex.
So the question is which platform is the best for forex trading? I don’t know.
I am researching which on which one to go for. However, I won’t be going back to forex any more rather I prefer going for DealBook360 which I have not yet tried. I rate forex.com 3.5//10
So, here are the downers first, some are just my wishes, but nevertheless.
1. First-in first-out policy - i dont like that, but then again, it is now possible to close individual lots manually, but you cant put orders on those.
2. Support people are sometimes unaware of whats going on, and yes, for that alone it shoud deserve 1-2 stars at best. Then again, it depends, and you might get a helpful person on the other end of chat/phone.
3. Spikes and lag during news, yes, sometimes 30-40 pips, but that goes for all brokers out there, and forex.com isnt the worst from which i have tried.
4. Difference between charts and prices given, sometimes 10 pips or more. Not very helpful for sharp scalping.
5. No hedging of positions. (tho i might be wrong about that)
Probably there is more, but i cant remember on the spot.
Now, the good:
1. The money depositing/withdrawing - never ever had a problem with that: wworks like a charm for me. Yes, it takes some time, but thats true for everything. Keep in mind, that a standart wire transfer takes 10 bank days to go through (2 weeks), checks can take 2 months, so if you are small time player, use getting back to credit card, if possible.
2. Unlike some others out there, they dont have that awful thing that you can put orders only 5-10 pips away from your position, can take even 1 pip if you like.
3. Their inside commentary, analysis, strategies are quite good.
4. Access through mobile phone - i use that alot to see whats going on, while not at computer.
Advantages:
-Low spreads, 1-2 pips for major pairs
-4 trading platforms, including wireless
-11 languages
-Around-the-clock support is available
Disadvantages:
-Not intuitive and takes some time to learn to use
-Monthly statements are only mailed upon request
-Minimum deposit relatively high - $250 for mini-account alone.
-FOREX made an unsolicited phone call to potential investor.
I have been trading futures for a long time and decided to try Forex.com. I made $3800 the first week and $700 this past week, even though it was a holiday week. When the market closed at 5 P.M. Friday night, I stepped away to take out the trash. When I got back I was shocked to find out that I was filled on my stop-loss and stop loss plus reversal orders over 85 pips below the closing bid-ask spread on two currencies. This put me at a loss of $1400 from were I was four minutes ago! I contacted three different departments via e-mail about this, and they did not respond. I then tried the chat option. I asked what hours may I trade forex. I was told 24/7, Sunday evening through Friday evening. I then asked what time does the market close on Friday night. I was told 5 P.M. I asked, then why was I filled on multiple orders at 5:03 and 5:04 P.M., after the MARKET CLOSED to stop me out of my positions and reverse me some 85 pips below the ending spread? I was then told to wait for Jonathan. Ten minutes later another operator entered the chat session and 'Session ended by operator' appeared, and I was not allowed further communications!
They are the most unethical trading firm I have had the displeasure to work with in 15 years.
The 3 platforms provided are ok. Have to reset chart preference every time you login which is annoying. One of the platforms has failed and I have not been able to use it in two weeks.
When I went to request a withdrawal they decide to remove the option of crediting back the credit card used but not post his information anywhere. My transaction was just cancelled and no one told me. I then submitted a request to wire the money. Needless to say the fax numbers we down, and I'm now still waiting for my money after over a week.
Their dealing desk is a.... cheating desk ! ! !
They "gun" your stops , the rate change against you when you want to place or close a trade , etc...
Their cheating desk has made me loosing a lot of money.
PLUS , their trailing stop orders are NOT tight to an open position. So, if you close the position, the trailing stop is still there... ! ! !
They are CHEATERS.
I have been with a number of forex brokers and can honestly say this firm is the best so far. As many people have been saying, the newbies have to be the ones posting these reviews about stop loss and gaps. I was even called and creditted back a trade because of a bad tick. No other broker has ever called and made a credit for a bad tick. Furthermore, this company has nothing to do with the market prices. Just because they have a trading desk has nothing to do with the rates. They clearly get their rates from banks. The earlier trading software did suck, but it does look like they got their act together with the platform. In terms of the customer service, it is good, but there are some who have no idea what they are talking about, but seem to be new. Whenever I have a pressing issue I ask for a rep. by the name of Jonathan who really knows what he is talking about and resolves any issues I may have. All in all, these bad reviews are simply being posted by horrible traders who are disgruntled about losing their money because of bad decision making. Who comes to a site and complains when they are trading during the news?! You have no idea where the market will go during news announcements and get what you deserve if you cannot get out. If that were the case, forex brokers would be out of business because everyone would trade during the news. I hope people start taking more responsibility for their actions and you will do well.
I started with 500 and 8 days later my account is at 3800. The proof is in the pudding. You others can go ahead and leave, but keep trading, I need your money.
Don't get Forex.com wrong...They put up a nice front as far as service, but their account exec's don't know jack about your account and leverage. Or MAYBE they're just ripping you off...
After further trading live I must admit that I don't like the Metatrader with forex.com in which they force a 5 pip min. stop loss on any trade. It's not really transparent to claim a 3 pips fixed spread on EUR/USD but cannot really provide that on the metatrader platform.I feel the order fills are still pretty good.Their java and online platform I guess OK for placing orders, but the charting stinks, and limited indicators. And meta forces a 5pip stop, so I've got mixed rating on this really. But I'll probably keep trading on the meta for a while.
Definitely dishonest. Trading desk will nail you when they can. For sure stop hunting. Analysts purposely mislead you in some of their strategies, then act like they were surprised by turn of events.
From my own personal experience with Forex.com, I only have three things to say about them: SCAM, SCAM, SCAM. Do yourself a favor and do your due diligance. Check out carefully the broker with whom you are going to trust to do the right thing. You can scratch Forex.com off your short list right now. Unless, that is, you want to give your money to these thieves!
Honest and realiable broker. Almost no difference between demo an real account, which is very rare. Good fills and fast execution. Very satisfied. I have to write this because of bad reviews which I think are not really reflecting the reality.
Great spreads not only on majors!
Didn't have much problems with them until recently they changed their platform to the disadvantage of the trader ( cant see how much margin left till margin call), spreads are not fixed any more and are generaly bigger now (6-8 pips for eurjpy! most of the time)
I used this broker since October 2008 with the Metatrader platform. I made more than 1000 tardes since that time and won a lot of money. I cannot complaint so far. The spreads belong to the best in the market and execution is really superb. But I got several messages from the company of my virtual server, that there was some activities into the Forex.com accounts. And the IP adress seems to be the one of the broker. Up to now I could not detect any problem. Forex.com did not give any answer, what they were doing. Nevertheless I am very satisfied but will observe very carfully the log files of the MT4.
They always trade against your position and make you lose. Right after, or shortly after you place your trade, you will see the chart changing ist trend to rip you off. The patform is doing more thna just posting the price. It is not neutral and it is you against the owner of the software. IS THIS WHOLE THING A SCAM? IS FOREX A SCAM? Remeber there is no outside regulation. It is you and a broker who spent years mastering this software, so that it will always make them win against you.
Very Bad Spread !!
Good order execution
Very fast withdrwal
Good C.S
I've been trading live using Forex.com metatrader for 4 months. I use Fapturbo and MegaDroid. Both trade well. I sent 1 withdrawal request and waited for 15 days to get money. Had to send them several emails. Hope this is an exception. So far I like the broker and customer service.
?50 to withdraw my money to a UK bank
Difficult process to withdraw money, asking for codes of intermediate banks that I nor Halifax have access to.
Quick enough to take your money via debit card, but can they put it back into that account, no.
Can they do it over the phone, no.
Really poor service.
Overall good experience. Theres a lot of paranoia in the forex market. It's sort of like a video game mentality where as soon as that person fails he blames the game. oh hax! well... learn2trade mabye.
the market is fractal. it almost always come down after going up. just because it reversed as soon as you got long does not mean your brokers to blame. infact i use 2 charts and have never seen a difference between my 3rd party charting software and forex.com's charting software larger than the spread.
If your stops are getting hit and reversing immediatly then your not putting your stops in an advantagious place.
I'll throw you complainers a bone. why don't you profit from other peoples stops getting ran.
Anticipate where others have placed their stops. wait for evidence of a spill. when the blood stops running and starts to pool get long with a reasonable stop and a conservative limit.
Well, actually I didn't have any trading experience with forex.com. I had no chance. They demostrated totally unethical behavior just when I decided to fund my account.
Firstly, I had a chat with their representative, and I have asked for help with wiring money (submitting proper info into proper fields of wire forms) and they helped to submit all appropriate information to my bank. I have sent money, and... 1 week no messages from them if they received the money or some problems happened etc. I had a chat with them again: it all started! They told me that money were not sent correctly. I asked them why incorrectly: their support team helped me to do this. the answer was polite: we don't care. then I called to my bank and bank confirmed exact line-by-line information that seamed to be correct. Bank asked them to call to the bank to resolve issue immediately, but forex.com refused to do so in very rude manner. Meanwhile, they found my money somewhere. They told me that they need confirmation of payment. I have submitted it. But by that time they already cancelled my payment. So this mess took me 2.5 weeks of nerves with no distinct result.
Well, i see a lot of bad reviews in here, and i understand them is not easy to loose your money, but you can't blame other ppl for your mistakes i personally have lost about 600Dlls in Forex and i don't whine because i know i should have had more discipline while trading, first of all to all new traders, let me state that if you're afraid of loosing money or can't stand presure, this market is not for you, because one day can be all good and the next in one bad move loose all your money, this is a market to make educated decisions and not on greed or fear.
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