It said I had no open positions and there was no information at all on the app. I tried dotbig the website and it was also down and I couldn’t access the chat on the app or website.
- The minimum balance required to open an account with FOREX.com is 100 units of your base currency.
- MT4/MT5 platforms are only available in the expensive commission-free Standard account.
- FOREX.com hosts regular live webinars at every skill level to help you boost your trading know-how.
- New investors will find some helpful background information, but relying solely on FOREX.com’s education to become proficient in the markets is unlikely.
- Also, U.S. clients are not offered guaranteed stop loss orders.
- 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.
You may be able to access spreads as low as 0.2 in a Commission account, while minimum spreads in Standard accounts are around the 1.0 mark, depending on the currency pair. Most stock traders will be familiar with a commission structure, and comparing dealing spreads is a common way to assess pricing among forex brokers. FOREX.com’s https://www.manta.com/c/m19qmck/dotbig-online-trading-platform trading platforms accommodate the active day trading professional as well as the occasional longer-term trader. Many forex traders use fundamental analysis tools to inform their trades. FOREX.com’s brokerage platform includes an organized and comprehensive news feed that is customizable to focus on your favorite currency pairs.
Awful support and freezing your money with no warning
We also ensure all reviews are published without moderation. We use dedicated people and clever technology to safeguard our platform. Companies can ask for reviews via automatic invitations. We are disappointed you have not had a good experience with FOREX.com. When I withdrew I received an email saying it could take 2 business days to get my money. I called tonight and was told it could take 5 business days. Usually the volume is too low to hear rep. Many times the voice fades to nothing.
Tried to ask customer service these questions and they were rude and argumentative. Just wish I lived somewhere else and could use another broker. Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels.Click here to read our full methodology. Stop – A pending order where the entry is at a predetermined point above or below https://www.g2.com/products/dotbig-platform/reviews/ 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. In terms of other fees, accounts with no trading activity for more than 12 months are subject to a $15/month inactivity fee.
Trading platform and research tools
The amount of money you can expect to pay in commissions varies depending on how often you will be trading. In addition to being regulated by several top-tier authorities worldwide, Forex.com’s real value proposition lies in its low FX fees. We were impressed by the number of currency pairs and the diverse technical research tools available on the platform.
Withdrawals must follow the deposit path up to the deposit amount and any excess amount via bank wires. Not all deposit methods are available to all traders, dependent on the geographic location. Forex.com caters to most international traders from its nine subsidiaries, https://www.g2.com/products/dotbig-platform/reviews/ including the US, South Africa, the UK, Canada, and India. Traders should read through the FAQ section before reaching out to a customer service representative. MT4/MT5 has thousands of EAs, and traders may explore them to determine if they suit their trading style.