There are many popular online foreign exchange market brokers doing business these days. If you’re like many people, then you’d probably prefer to stick with a well established and reputable broker. Some brokers offer exceptional trading spreads; others boast easy-to-use trading platforms that make getting into the forex game a breeze. Forex.com – a division of Gain Capital Group LLC – manages to combine both of those attributes, and many more. Whether you’re just starting out in the foreign exchange market or are a very experienced trader, Forex.com/Gain Capital is bound to have a product and an account type that will work for you.
About Forex.com / Gain Capital Group LLC
Gain Capital Group LLC was founded in 1999 by a group of experienced Wall Street professionals. Since then, it has built up an impeccable reputation for offering some of the very best forex services in the world. Forex.com’s clients come from over 140 different countries, and include individual traders, Commodity Trading Advisors, fund managers and many other investment professionals. With a corporate headquarters in Bedminster, New Jersey and an additional location on Wall Street, Forex.com/Gain Capital is a topnotch forex broker.
Beyond its far reach, Forex.com/Gain Capital Group has received many important awards through the years – something that further emphasizes its exceptional level of service. This company offers a broad suite of services, with accounts geared toward amateur traders and experienced traders alike.
In keeping with its good reputation, Forex.com/Gain Capital Group LLC is registered with the following:
- A Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC)
- A member of the National Futures Association (NFA)
Contact Information At A Glance
If you decide to trade with Forex.com/Gain Capital Group LLC, you’ll find that staying in touch is easy. Keep the following contact information on hand in case you ever require assistance or if you ever have any questions regarding their foreign exchange market services:
- Toll-Free Phone Number: 1 (877) FOREXGO or 1 (877) 367-3946
- Local Phone Number: 1 (908) 731-0750
- Fax Number: 1 (908) 731-0788
- Email Support: firstname.lastname@example.org
- Online Support/Live Chat: www.forex.com/contact_us.html
Vital Trading Information About Forex.com/Gain Capital
When you sign up with Forex.com, you open up several different possibilities when it comes to trading software and platforms. Whether you choose to open a managed account, a standard account or a mini account, you’ll have access to FOREXTrader Pro and FOREXTrader Java, both which can be downloaded to your computer. If you prefer a web-based trading platform, then FOREXTrader Web is right up your alley. Those who prefer to use their mobile devices to trade on the forex market will be thrilled with FOREXTrader Wireless. Finally, MetaTrader 4 is supported by Forex.com, giving even more options to busy traders.
Regardless of which platform you choose to use, you can rest assured that you are in for a user friendly, intuitive experience. The interface on all of these platforms is streamlined and attractive. You can trade and manage your positions in real time, making foreign exchange market trading a snap. Each platform is very customizable, allowing you to use the features that you need the most, when you need them. Instant access to many different types of information help you be the most savvy trader possible.
There are other things to keep in mind about Forex.com/Gain Capital; learn about them below.
Minimum Deposit Amounts
The minimum deposits for opening a mini account, a standard account and a managed account are $250, $2,500 and $5,000, respectively. Depending on your level of interest and your experience, you can choose from any one of those three options.
If you choose to sign up for your account with Forex.com online, it’s a relatively easy process. The online form is self explanatory and only takes a few minutes to fill out. Otherwise, you can download and mail or fax in an application form; however, this will make the process take a lot longer.
A free practice account is available for traders at Forex.com. It comes with a $50,000 beginning balance and is available for up to thirty days. During that time, you can familiarize yourself with how the FOREXTrader platforms work, trading up to 37 different currency pairs all the while.
As a registered client of Forex.com/Gain Capital, you will have access to special customer service assistance through a dealing desk. At the same time, you can rest assured that you’re not being traded against by Forex.com, since one price is published and live quotes ensure that prices are always “at market.”
100:1 is the maximum leverage allowed when trading with Forex.com. Most people opt for a far more conservative leverage amount of approximately 20:1, though.
Trailing stops are allowed when trading with Forex.com/Gain Capital. They can be customized through the regular order entry screen; you simply need to specify that it’s a stop order by selecting that option under the “order type” field.
Major currency pairs boast very competitive spreads of one to two pips at Forex.com. This broker uses fractional pips, allowing its traders to enjoy much tighter and more competitive spreads. Tracking and taking advantage of smaller price movements is much easier with the fractional pip system. EUR/USD has spreads as low as 1.6 pips, making Forex.com one of the most competitively priced brokers online today.
The Bottom Line
As a trader on the foreign exchange market, you have many different options when it comes to which broker you choose. Forex.com/Gain Capital Group LLC is a solid, reliable choice. This broker enjoys a very good reputation and traders can rest assured that their finances are in good hands when dealing with it. The perks of competitive trading spreads, many different account options and many different easy-to-use trading platforms makes Forex.com a topnotch choice for traders of all stripes. Sink your teeth into what Forex.com has to offer by opening a practice account; chances are, you’ll be impressed enough to sign up for a real one shortly thereafter.