Forex.com India App Reviews for Trading with Minimum Account Deposit
In today's world, we know many forex trading companies that are providing trading platforms and many free tools to their users. But finding a trusted and relevant forex broker is still a challenge for many traders. There are many things which a trader must check before selecting a broker like tools, account types, etc. We have found a trusted broker for you that is Forex.com. It is also one of the
best finance companies in India listed on
ClipsTrust.
What is Forex.com Broker App?
Forex.com is a United States based forex broker that was incorporated in 2001 by Gain Capital group. It is regulated by the Commodity Futures Trading Commission (CFTC) of the U.S.A and many other authorities in different countries. It offers multiple trading platforms and different advanced trading tools for technical research and other trading activities. It also provides a good interface for trading in different instruments including forex and cryptocurrency. Explore all other benefits of Forex.com India app, considered as the best forex trading companies in India listed on ClipsTrust.
Why Choose Forex.Com as Your Forex Broker?
Forex.com brokers provide multiple advantages to their clients and strong reasons to select it as your forex broker. The major benefits of using Forex.com broker include:
- Access to trade in multiple financial instruments like stocks, currency pairs and cryptocurrency.
- It is regulated under several major financial authorities all over the world, that increase the trust of the users.
- It also provides 24*7 customer support to help their users in order execution and other trading queries.
- They provide high leverage and charge low commissions on trade.
- They also provide educational videos and courses for beginner traders.
Things To Remember Before Selecting Forex.com
Beside many benefits offered by Forex.com brokers, there are some issues and drawbacks faced by users.
- Less customizable tools to analyze the market.
- No guarantee for the stop loss executions.
- High fees for the users who are inactive for more than 90 days.
- High processing time on deposit and withdrawal of the funds.
- Complicated user platform for the beginner traders.
Steps to Create and Access Your Forex.com Account
A new user needs to create account on the Forex.com app by following these simple steps
- Download the Forex.com app or visit the Forex.com website.
- Click on the sign up or create account button.
- Enter the required personal information and create a username and password.
- Agree to the terms and conditions and add fund to your account.
- Now you can start trading in the Forex.com app.
If a user has already created account on Forex.com platform then he can login by following simple steps
- Open the Forex.com app or website
- Click on the login tab and enter the username and password
- Now enter the OTP from registered email id or mobile number and submit it
- Now you can access the Forex.com trading platform
How to Use Forex.com Trading Tools?
Forex.com provides multiple tools to their users that help them in managing risk, proper market research and create profitable strategies. The popular tools of forex.com are:
Technical analysis tools: It includes multiple analytical tools like trading view and indicators to predict the market move and create strategy.
Risk Management Tools: It includes stop loss orders, trigger price, and many other risk management tools.
AI Trading and Alerts: Forex.com allows users to create alerts on certain prices and also execute automated orders on the selected price.
Types of Forex.com Accounts and Minimum Deposit Requirement
Forex.com offers different kind of accounts for the different need of the users:
Standard Account: This account type best suits the retails traders, who want low spreads. Typically, there is no commission in this type of account but users need to deposit a minimum fund of $50.
Professional Account: A user needs to fulfill certain criteria to open a professional account. It is best for experienced traders who want advanced trading tools and 0 pips. There is a small percent of commission based on the volume of trade. Users need to deposit $100 as a minimum deposit.
Swap Free account: If a user wants to hold overnight position on their trade, then they need to open a swap free account with a Forex.com broker. There is a minimum deposit requirement of $50. It charges some fees on the volume of the trade that the user holds overnight.
Demo Account: This account type is created for beginners who want to start in forex trading and also to experienced traders who want to test their strategies. There is no commission and minimum deposit required in this account type.
Why is Forex.com a Preferred Choice for Trading?
Forex.com offers a wide range of services to their users. They have multiple account types and many advanced tools for market research and order execution. We have also explained the merits and demerits of using Forex.com broker and also mentioned the steps of account creation and login to existing account. These services make Forex.com a reliable partner for forex trading for both beginners and experienced traders.
People Also Ask
Q1. Is Forex.com a trusted broker?
Ans. Yes, Forex.com is a trusted broker as it regulates under multiple financial authorities all over the world.
Q2. Is Forex com legal in India?
Ans. Yes, Forex.com is legal in India because it follows all rules and guidelines of the Indian government.
Q3. Is forex high risk?
Ans. Yes, Forex is more risky than other trading instruments but a user can manage risk by the different trading tools available on Forex.com.
Q4. Is the Forex.com Commission free?
Ans. No, Forex.com is not completely commission free. Some of its accounts are commission free but some charge $7 for a trade of $100.
Q5. What is the minimum deposit for forex com?
Ans. The minimum deposit of Forex.com varies from $50 to $100.
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