Forex.com’s website may appear to be less fancy than other online forex brokerages with flashy designs and complicated programming. However, don’t get fooled by appearances. Forex.com has a lot of factors that other online brokerages would envy.
This broker is one of the biggest retail online forex and CFD brokers. Started in 2001, the broker allows traders to access more than 180 global markets, such as:
Aside from that, there’s a lot to learn and admire about Forex.com. Let’s dig deeper into this brand and see whether this may be the best broker you can use to trade.
Regulation and Safety
To get things started, let’s answer the most nagging question in your head right now: is it safe to trade with Forex.com?
That’s easy to answer.
Forex.com is a brand name of GAIN Capital, and if you’re a bit savvy in terms of stock markets, you’d know that GAIN is a publicly listed company under the New York Stock Exchange.
This feature is a big plus-point for safety since the company must release financial statements regularly and transparently.
At the same time, the company is under the regulation of several financial authorities. Among them is the top-tier Financial Conduct Authority (FCA) in the United Kingdom. Moreover, in the United States, it’s under the watchful eyes of the US Commodity Futures Trading Commission (CFTC).
As for the funds, they are in different accounts (segregated). For traders, this means their funds will be safe even when the company stumbles upon financially hard times.