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- Wait times will vary based on call volume, but during a normal day you can expect to wait several minutes before being connected with a representative.
- Micro requires a minimum deposit of only $10 or a currency equivalent, while the other two account types require a minimum deposit of $500.
- In plain English, U.S. traders with negative account balances are on the hook for more money than they initially deposited into their accounts.
- Reviewers include Eric Rosenberg, a former bank manager with two finance degrees and more than ten years of writing about money online.
- The minimum transaction volume is 0.01 cent lots or ten currency units, and the minimum deposit is $10 or a currency equivalent.
Aslo, please note that CFDs are not available in the US – The products and services available to you at FOREX.com will depend on your location, and on which of its regulated entities holds your account. Forex.com is considered safe because it has a long track record, it is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange. https://www.business-money.com/announcements/full-information-about-forex-broker-dotbig-ltd-review-and-reviews/ In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing. Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices. A FOREX.com account can also be integrated with NinjaTrader, a popular third-party trading platform.
Social Forex Brokers
Clients can use FOREX.com’s API to connect in for their own strategies. MT4 and MT5 connectivity allows the use of automated strategies using MetaTrader algorithms. All services are free, so you to take advantage of the opportunities that Forex trading offers. STP or Straight Through ProcessingBrokers- these brokers https://www.plus500.com/en-US/Trading/Forex don’t have a dealing desk, and trade only within the interbank system. Prices are equal to interbank rates and only smaller trades can be accommodated. A truly global offering, MARKETSX provides a localised trading experience in Europe, the UK, Africa, Australia, Latin America, the Middle East and more.
Once you log into your web trader platform and pick the market, please click ALT+G on the chart and a window will pop up where you can select the date. We are sorry to learn that your experience with our support team was substandard. We always strive to provide the most courteous and Forex knowledgeable answers, and we apologize if we were unable to rise to that standard in this instance. Today I decided to close my account and withdraw my funds, but they only allow withdrawal to initial bank account. I explained that my old bank account is closed long time ago.
Reviews
Unfortunately, Forex.com does not list a phone number and e-mail address on the Contact Us page. Forex.com explains its products and services well and strives for operational excellence. It eliminates the need for customer support and reduces it to emergencies only. Forex.com offers a 30-day time-limited demo account, does DotBig LTD not allow multiple ones, and traders cannot request extensions to this time limit. The DMA account minimum trade size is $100K, and traders are recommended to deposit a minimum of $25,000 for this account type. The DMA account features commissions between $6.00 and $2.00 per 1.0 standard lot with raw spreads of 0.1 pips.
Pricing is transparent, and the live spreads are on FOREX.com. FOREX.com is one of the top platforms for foreign currency Forex news trading. Foreign exchange (“forex” or “FX”) is a global marketplace where one currency is converted into another.