Forex.com Review – A Reliable Broker!

Forex.com Review – A Reliable Broker!

OFFICIAL SITE: FOREX.COM

If you are in need of a new and reliable broker for FX, indices, stocks, CFD, and more, Forex.com is a world leading broker. Now, account prices are a little high, but other than that, this is one of the most reputable and reliable Forex brokers out there right now. In our opinion, it might just be the very best.

 Forex.com

Forex.com Company Information

One thing that is very important to mention about Forex.com is that it is a very reputable and highly trusted broker. For one, it has been around since 1999 and has nearly 2 decades of experience providing signals to retail traders. Simply put, you don’t stick around for 20 years as a broker if you are not the real deal. The fact that these guys have been around for nearly 2 decades is a very good sign.

Forex.com is actually owned by GAIN Capital Inc. which is listed on the NYSE and is worth nearly 1.5 Billion USD in total. The main office is located in the UK, at Park House, 16 Finsbury Circus, London. What is impressive is that Forex.com is so highly regulated, spread around the world, and registered with so many regulatory authorities. This broker is registered and licensed by ASIC, FSA, CFTF, IIROC, NFA, SEC, the SFC, and a few others too.

Forex.com 

Forex.com Trading Platforms

What is definitely a big deal about Forex.com is that it is compatible with multiple trading platforms out there.

First off, if you are big time and high capital trading pro, you can use the GAIN Capital GTX ECN platform. This trading platform is ideal for professionals who trade in high volumes and have really big clients. Deep liquidity, tight spreads, and transparent pricing for high trade volumes is what you get with the ECN platform.

Here you can also use the FOREXTrader Pro platform, which as you can probably tell by the name of it, is specifically designed for Forex trading. This platform is highly customizable, comes with many trading tools and analysis features, and is quite simple to use. Both beginner and professional traders should be able to use it with ease.

Of course, with Forex.com, you can also use MT4, or MetaTrader 4, which is often regarded as the best in the world, or at least as the industry standard. The MT4 platform is ideal for beginners, but can be used by professionals too. It comes with plenty of customizable features and trading tools too. With access to over 50 Forex markets and over 30 types of CFDs, you really cannot go wrong.

Forex.com has also created its own mobile trading application. This mobile trading app is just as functional as any platform for any computer. It can be used on Android or iOS and can be easily downloaded.

 

Forex.com Account Types

This broker does not come with too many account options, although this is not something that we mind greatly. For one, you can actually open up a free demo account, just to get a feel for things. This is something that we always greatly appreciate, as it is important to be able to test any product out before using it.

With that being said, there are two main account types you can choose from here. The standard Forex.com account requires a minimum deposit of 500 GBP, which is a little high in our opinion, but still doable. If you want access to the full range of trading instruments, investing 3,000 GBP is recommended. This account type is fairly decent for beginners. If you are a professional trader and want to trade at a higher volume, the premium package is what is recommended.

The premium Forex.com account has many benefits and increased functionality compared to the standard account. The premium account requires a minimum deposit of 25,000 GBP to open. Yes, the prices here for this broker are a bit steep, but it is a reputable, profitable, and highly versatile broker with tons of choice.

 Forex accounts

Forex.com Asset Options

In terms of asset options, Forex.com definitely has a whole lot to choose from. This is something that everybody can appreciate, because you don’t have to use multiple brokers to trade varying asset types. In fact, cryptocurrencies are about the only thing which this broker cannot trade.

Other than that, Forex, CFD, shares, stocks, indices, and commodities can all be traded here. There are literally hundreds of assets to choose from, which is a really big bonus no doubt. With Forex.com, you get access to over 300 global markets, with over 80 FX pairs, 220 stocks, and quite a bit more too.

 Forex Assets

Forex.com Fees & Commissions

Something that you can definitely appreciate about Forex.com is the fact that it does not charge commissions on trades. Yes, as we mentioned before, the accounts here are a bit pricey, so not charging commission is a big deal.

However, this broker does have to make money somehow, which it does by adding spreads on top of prices. Don’t worry though, because the spreads charged here do vary according to the assets being traded, plus the spreads are very competitive. Although the account pricing is a bit high here, the fact that there are no commissions and the spreads are fair is more than enough for us.

 

Forex.com Support

Another thing about Forex.com that needs to be mentioned is that it does have fairly good customer service. Keep in mind that support is available 24/5 here, so only on business days, not on the weekend. However, the customer support staff functions in a diverse array of languages.

You can get access to support via fax, email, live chat, or directly via telephone as well. The customer service agents here are extremely helpful. It’s one of the best customer service teams for an online brokerage that we personally have come across so far.

Forex.com Review – Conclusion

As you can see, with Forex.com, you absolutely get a whole lot of choice. With full regulation and licensing in many countries, with millions of clients, and tons of assets to choose from, Forex.com is one of the best brokers out there.

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Libertex Broker Review – Real Deal!

Libertex Broker Review – Real Deal?

If you are looking for a good online broker for CFD, Forex, commodities, indices, and more, check out the Libertex Broker. The Libertex broker has been in action for well over a decade, it is highly reputed, and fully regulated. This Libertex review is going to provide you with all of the info you need to make an informed decision regarding your choice of broker.

Libertex

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Libertex Broker Company Information

To start off, let’s talk about the company information behind Libertex. Libertex is also known as Liberty Exchange. It is a brand name of broker launched by Forex Club International Ltd. and Indications Investments Ltd in 2015. Both of these companies are subsidiaries of the Forex Group Club, which is based in Russia and dates back to 1997. At this time, this particular broker services well over 2 million clients based in 27 countries worldwide. Keep in mind that USA citizens cannot use the Libertex broker.

 

Libertex Regulation

In case you were worried, this broker is 100% legit, licensed, and regulated. It’s not one of those scam brokers which finds home in some unregulated financial safe haven. This is the real deal. At this time, the official company address is 134 Agia Fylaxeos & Amisou, Anissa Court, 4thFloor, 3087, Limassol, Cyprus. It operates under the registration number of HE 251168 under under Cyprus’ Companies Law.

Libertex is registered is a Cyprus Investment Firm under the license number 164/12. This broker is regulated by the Cyprus Securities and Exchange Commission, or CySEC for short. What is also important to note here is that Libertex complies with the European Union’s MiFID, otherwise known as the Markets in Financial Instruments Directive. It also complies with 144(1)/2007 or the Investment Services and Activities and Regulated Markets Law of 2007 of the European Union.

Libertex Info 

 

Libertex Trading Platform

Libertex does use its own proprietary trading software, which thankfully is very easy to use. This is a web based trading platform, one that is highly user friendly and designed in such a way that everybody can use it with relative ease. Once you open your account, you can make some simple choices including asset type, the investment amount, and which direction to trade in.

What is also nice about the Libertex trading platform is that it comes with a complete and fully functional technical analysis component. It also features indicators which are divided into categories such as volatility, trend, and oscillators. You even get a good section for fundamental analysis here. All in all, the proprietary trading platform available here is very efficient and can definitely be profitable.

The charting options here are pretty widespread and versatile too. You get full access to charts and you can choose to have them displayed in area charts, candlestick charts, Heiken Ashi charts, hollow candlestick charts, or line charts. The charts can also be displayed according to various time frames which ranges from a single minute to a whole month. Here you can also engage in leveraged trading, which is a big bonus for many traders.

Mobile Trading

Yes, the Libertex proprietary trading platform is also available for use on Android and iOS mobile devices. It is fully functional and responsive, so as long as you have a relatively new mobile device, the mobile app should work just fine. It is a bit more difficult to use than the computer based platform, but not by much.

 

Libertex Broker Assets

What is nice about this particular broker is that it can trade many different assets and asset types. Here you can choose from CFD, Forex, commodities, indices, equities, and a few others too. All in all, there are well over 150 different assets you can choose from, making it quite a versatile broker.

Libertex Trading

Libertex Account Types

When it comes to the trading accounts, there is only one actual option available here. Yes, there is a Libertex demo account which you can open just to get a feel for things. The demo comes loaded with $50,000 of virtual cash so you can test things out, but of course, you cannot take away any profits through this demo account.

There is then only one real account type here, which is the standard account. What is cool here is that you only have to deposit $10 in order to open an account, which is a very small amount no doubt. Moreover, you do have to have at least $100 in your account to trade, which is also a minimal amount. Therefore, the Libertex broker is more than ideal for beginners who want to trade small amounts.

 

Libertex Deposits & Withdrawals

If you want to make a deposit to fund your Libertex broker account, you can make a deposit via credit card, debit card, wire transfer, or through a SEPA transfer. You will need proper identification and proof of your physical address. It usually takes around 1 day for the deposits to be fully processed.

If you want to make a withdrawal, you have to submit your request by 1:00PM CET. Keep in mind that third party charges may apply depending on which withdrawal method you are using. Your identity will be verified, as well as account details, after which the funds will be transferred to you.

 

Support

Admittedly, although this broker is legit and fully functional, it does not have the best support. At this time, if you are looking for support, you will have access to a live chat feature. It does work and the support agents do get back to you in a timely manner, but at this time there does not seem to be any telephone or email support. With that being said, the Libertex broker is very easy to use, so it should really not be a big issue.

Libertex Awards

Libertex Review – Conclusion

At the end of the day, Libertex is a fully licensed and highly trusted broker. It is regulated by CySEC and has been around for a number of years now. The trading platform here is award winning and super easy for everybody to use, plus the deposit amount required to get started is very minimal. All in all, we have to say that this is one of the most trustworthy Forex, stock, and commodities brokers around.

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