The Forex market is a massive one with over $6.6 trillion daily trading volume. We’re talking about daily turnover here. This said, there’s no denying that trading currencies has captured the hearts of many traders and investors from different parts of the world. Thanks to the emergence of innovative trading solutions and investment resources, it’s been much easier now for anyone to access the world’s largest financial market. In the U.S. for example, the market has significantly expanded over the years. With the country’s large population with over 320 million people, it’s not hard to see why many Forex brokers have been trying to penetrate its financial market. The thing, however, is it’s not easy to offer trading services in the U.S. because of the government’s very strict regulations. The tight rules aim to protect its people from any fraud or financial abuse. As you probably know by now, only companies registered and regulated by the National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC) can provide any Forex-related services or products.
Forex.com – a leading US Forex broker
Does Forex.com sound familiar to you? This leading Forex broker has become a household name when it comes to providing quality services to traders residing in the U.S. Owned by StoneX Group Inc., Forex.com has been offering users access to the Forex market since 2001. With clients’ needs in mind, the company has always been committed to providing them innovative trading solutions to help them achieve their trading goals. Known for its quality execution on every trade, and transparent and competitive trading conditions. Because of its registration with the NFA and CFTC, it’s hard to argue that Forex.com dominates the Forex scene in the U.S. It has become the top choice among US traders and investors. But what really sets Forex.com apart from a long list of other Forex brokers? Let’s discuss the main benefits of trading with this company below:
Safety of Funds and High Level of Transparency
Without a doubt, Forex.com holds a strong regulatory structure. But the broker provides several other reasons to trust it. Forex.com regularly updates users of its key financial data. For example, if you head into its website’s ‘Abous US’ section, you’ll find there information about its total assets, total client equity, as well as the company’s available cash and liquidity. This only shows that Forex.com prioritizes giving a high level of transparency. Furthermore, Forex.com’s parent company, StoneX Group Inc., was ranked No. 100 in the 2020 Fortune 500 list of the largest US corporations by total revenue, which should be enough reason to trust the broker. For further peace of mind, account segregation is available. This means client funds are separated from that of the company.
User-friendly and Innovative Trading Platforms
Forex.com provides users access to a total of five trading platforms, which offer different unique features that suit different types of traders.
- Advanced Trading Platform: This desktop platform of Forex.com is suited for professional or advanced Forex traders. With its extensive features and tools that include 15 timeframes and over 80 technical indicators and charting tools, users are more equipped to take their trading to the next level.
- Web Trading: You can directly trade with Forex.com using your browser with its web trading platform. Though it has fewer features, it can still power your trading using its over 70 technical indicators and 50+ drawing tools.
Also, the platform provides market commentary and analysis, as well as Forex trading signals from AutoChartist.
- Mobile Trading: Available for Android and iOS, Forex.com’s mobile trading platform allows you trade anytime, anywhere! Just like its web platform, market commentary and news analysis are available on the mobile platform. 14 timeframes, over 10 chart types, and more than 60 technical indicators are available.
- MT4 and MT5: Forex.com also offers arguably two of the most popular trading platforms in the Forex trading scene – MT4 and MT5. These platforms boast the most advanced features such as a wide variety of technical indicators, drawing tools, and strategy testers.
A Forex company known for its customer-centric approach, Forex.com has made sure that everyone has access to the market. For as low as $100 you can start exploring the Forex world with the company. Forex.com has partnerships with only the best liquidity providers to ensure that clients only receive the lowest spreads possible in the market.
Free Educational Resources
Beginners might find Forex trading intimidating at first. This is why it’s very important for them to have access to free educational resources to help them understand the ins and outs of this venture. With Forex.com, you can have just that. The broker provides users free Forex materials. From market analysis to live commentary and newsletters, you’ll be equipped with the right knowledge to survive the market.