Dear investor, welcome to my honest forex.com review and analysis. Is forex.com a good broker? The answer is yes. The Forex.com trading platform is offered by a legitimate company–GAIN Global Markets, Inc..
Forex.com Is arguably the best offshore forex broker for US traders. Apart from the United States, the broker has a presence in many other countries, including:
- The Cayman Islands where it’s regulated by the Cayman Islands Monetary Authority(CIMA).
- Canada.
- The United Kingdom.
- Hong Kong.
- Australia.
- Japan.
- Cyprus.
- Singapore.
Forex.com Review and Why This Company Isn’t a Scam
Every unbiased forex.com review and analysis will tell you thatforex.com is a legitimate trustworthy platform. However, many reviews fail to go into detail about the specifics of this company. That’s what my independent review of forex.com aims to address.
Gain Global Markets, Inc and Forex.com
The first thing you should know is that forex.com is a trading platform offered by a company known as “Gain Global Markets, Inc.” This company is currently operating from the Cayman Islands. Consequently, it’s authorized and regulated by the Cayman Islands Monetary Authority with License number 25033 as you can see in the screenshot below:
The Financial Conduct Authority and Forex.com
Previously when GAIN Global Markets, Inc. still operated from the United Kingdom, it was authorized and regulated by the UK’s Financial Conduct Authority(FCA) under the name “Gain Capital – Forex.com UK Ltd.”
StoneX Group Inc and Forex.com
Now, GAIN Global Markets, Inc., on the other hand, belongs to a group of companies known as “GAIN Capital Holdings, Inc.” The conglomerate has a physical address at 30 Independence Blvd, Suite 300 (3rd floor), Warren, NJ 07059, USA. Further, it’s affiliated with StoneX Group Inc.
For starters, StoneX Group Inc. is a publicly traded company with NASDAQ initials SNEX. Further, it’s recognized by the United States Securities and Exchange Commission. On top of that, it’s a member of the NFA’s Futures Commission Merchant Advisory Committee.
As you can see, forex.com is a trustworthy trading platform owned by a reputable company—GAIN Global Markets, Inc. GAIN Global Markets, Inc. is, in turn, affiliated with StoneX Group Inc., a publicly traded brand with a high reputation. If forex.com was a scam, no reputable brand would risk associating with it.
Forex.com Is a Safe Trading Platform
Trading on the forex.com trading platform is very safe because the platform is legitimate and trustworthy. In fact, it can be profitable for those with great trading skills. So, if you were skeptical about forex.com, rest assured that it’s not a scam unlike Binomo and other trading platforms out there.
So, go ahead and invest on the forex.com trading platform without worries.
Have You Been Defrauded By a Scam Broker?
If so, go to this page or send an email to [email protected] to report the scammer and seek assistance.
Forex.com Review and Analysis and My Final Verdict
If you’ve been skeptical about the trustworthiness of forex.com, I’d like to believe that my comprehensive forex.com review and analysis helped change your mind. This trading platform is legitimate and works as advertised. It explains why it has attracted positive reviews with YouTube videos such as this one speaking painting it in a good light.
Forex.com FAQs
1. Is forex.com legitimate or a scam?
Answer: As you’ve seen in the article, this trading platform is real and that explains why it’s a part of StoneX Group Inc, an entity that trades on NASDAQ.
2. What is the minimum deposit for forex.com?
Answer: $100.
3. What’s the typical timeframe for withdrawing money from forex.com?
Answer: Up to 48 hours. Forex.com’s processing time is typically immediate. However, it’s worth noting that the receiving bank may take up to 48 business hours to process the transaction.
4. Forex.com minimum withdrawal limit?
Answer: It depends on your base currency. It’s usually 100 units of your base currency or the remaining amount if it’s less than 100.
5. What is the maximum withdrawal limit on forex.com?
Answer: $50,000 per withdrawal.