FOREX.com Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of FOREX.com trading signals. You will learn what kinds of trading signals FOREX.com offers and what the conditions for using them are.
Short introduction of FOREX.com
Forex.com is a company owned by GAIN Capital Holdings, Inc. (NYSE: GCAP) and has earned a reputation as a reliable broker in the trading industry for its transparent work and high quality of services. The company cooperates with clients in 140 countries. The broker is registered in the Cayman Islands and supervised by CIMA (Certified Institute for Management Accountants). The license number is 25033. The parent company of the Forex.com broker is registered in England and Wales under the number 1761813 at the UK Companies House. It is licensed by one of the most reputable regulators in the world, FCA (No. 113942).
| 💰 Account currency: | USD, EUR, GBP |
| 🚀 Minimum deposit: | $1000 |
| ⚖️ Leverage: | Up to 1:400 |
| 💱 Spread: | From 0.2 pips |
| 🔧 Instruments: | Forex, cryptocurrencies, indices, commodities, stocks |
| 💹 Margin Call / Stop Out: | N/a |
FOREX.com Pros and Cons
👍 Advantages of trading with FOREX.com:
•average rate of order execution is 0.04 ms;
•reliability is controlled by several regulators so customer funds are kept on separate accounts from the company's assets;
•attractive trading conditions are tight spreads on over 90 assets, including currency pairs and metals, and over 4,500 markets, including FX, indices, commodities, stocks, and cryptocurrencies.
👎 Disadvantages of FOREX.com:
•poor quality of site optimization, little specifics in the descriptions of services, tabs at the top of the page do not work. To find the information you have to use a tab called "Sitemap";
•it is difficult to contact the support service due to its high workload;
•large fixed commission for withdrawing funds;
•high initial deposit, it starts from $1,000;
•there are few options for depositing and withdrawing funds, the terms rarely correspond to those stated.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
FOREX.com Trading Signals
Traders Union analysts have analyzed Forex.com trading conditions for explicit and implicit fees. Although there are no hidden fees, potential clients should pay attention to the fact of differentiation of fixed and floating fees for different groups of instruments. Commission and DMA accounts are subject to additional trading fees.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | From $8 | Yes |
| Commission | From $2 | Yes |
| DMA | From $0 | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that FOREX.com does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Can I lose money by trading signals?
Keep in mind that there are no ideal trading signals and trading signals may lead to a loss of funds. There are always risks.
How do I choose a signal provider?
Consider the profitability, the list of instruments the signals are provided for and the risk level of the strategy.
Can I reject a trading signal?
Yes, you can. However, if the signals are provided as a part of copy trading with automatic closing of positions, you need to monitor the platform.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.