Forex.com Trading Platform – Review, Top Features, Set-up Process, Benefits & moreLast Updated Date: Nov 17, 2022
Find out everything about Forex.com Trading Platform here.
Investing is challenging whether you are a beginner or an expert. You need all the tools at your disposal to make the right decisions and earn money.
A good trading platform is thus crucial for meeting all your financial goals. But, with so many trading platforms out there, it is quite challenging to pick the right one.
In this article, we’ll explore the trading platform of Forex.com. We’ll see if it checks all the boxes and can meet the needs of investors.
About Forex.com Trading Platform
Forex.com is one of the most popular trading platforms in the market. It offers quality trade execution at competitive prices. The platform is reliable, secure, and easy to use.
The product gives exposure to all types of traders. The trading platform gives traders access to over 4500 trading products.
One can trade currency pairs, stocks, indices, commodities, and crypto.
The platform has a host of features that make it a favorite for beginners as well as seasoned traders. It has powerful trading capabilities, intuitive design, and advanced trading tools.
Get Free Access to Platform – Open a Forex Account Now!
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Forex.com Trading Terminal – Top Features
The Forex.com trading platform has many standout features which make it a crowd favorite.
It has tools and features which are being used by investors around the globe to invest and make money.
In this section, we’ll explore the various features of the trading terminal and see how it can be a great tool to have.
Design, utility, and customizability options
The trading platform is comprehensive and built to meet the needs of all types of traders.
It has a smart trade ticket, a variety of chart styles, and many analytical tools. You can also choose from 50+ drawing tools.
The terminal has strong customizability capabilities. You can make custom layouts and custom indicators.
Traders can also make use of integrated strategies and tweak them as per their needs.
These design qualities help in ensuring a smooth and fun trading experience.
Forex.com’s educational content is on par with industry standards. One can access the material according to the level of their expertise.
The content ranges across themes under three courses. There are 30 topics in the beginner course, 43 in the intermediate course, and 17 in the advanced course.
The content is a combination of videos, articles, and images. The education section is holistic and is of great value to new as well as experienced traders.
Research and analytics tools
Forex.com trading platform has various research tools which meet industry standards. It has a performance analytics tool to analyze past performance and trading behavior.
Their platform analysis tools offer technical insights which show actionable trade opportunities. They also give access to proprietary research and news for tracking trending topics.
The insights offered by these tools help traders in facilitating their trading decisions.
How to Set-up Forex.com Web Trading Platform?
The process to get started with the trading terminal is as seamless as it can get.
The platform is available for desktop and is also accessible through the web. It is compatible with all browsers and operating systems.
- The first step is to register with the company and create a trading account with them.
- The next step is to download the platform on your computer to get started with trading.
- When installing choose your desired location for saving the trading terminal.
- After the installation is over, you can launch and run the software.
- The software will now open and ask for your login credentials. It would also need fulfilling certain other security measures.
- You can set up your login credentials while opening your account.
- After logging in, you can start using the platform and place your trades. You can explore various functionalities and tools offered to maximize your trading experience.
You can also access your account through the web by using the login option on their website.
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How to Use Forex.com Online Trading Platform?
Here are step-by-step process to use Forex.com Online Trading Platform –
- You need to first visit the website of Forex.com and click on “Open an Account” to get started.
- Choose the type of account based on your needs and requirements. You need to click on “open an account” under the desired account category to register yourself.
- Now you have to fill in some basic personal details in the online form. These include your name, date of birth, address, nationality, and contact information.
- You will now need to verify your identity through a photo ID. The identification method will depend on your country of residence.
- After verification, you have to answer certain questions about your financial situation. These questions will help in creating your risk profile.
- After submitting the form, the company will verify your details and open your account. You can then access your account and explore the platform. You can also deposit funds and start trading.
Advantages of Forex.com MetaTrader 5
Some of the many advantages of the Forex.com MetaTrader 5 are-
Wide range of products
You can trade in 80+ currency pairs. You can invest in thousands of stocks, popular indices, commodities, and cryptocurrencies.
There are over 90+ prebuild indicators on the platform. You can add them to a chart with a single click. Forex.com also gives you the option of coding and adding your own custom indicators.
The platform is rich in educational content and features. They offer a massive collection of tools and materials.
They have comprehensive courses and articles. The proprietary research and news posted by their team are also of great value to investors.
You can open a practice account that gives you $50,000 in virtual cash. You can practice making trades on this account before trading in the live market.
The design of the platform is intuitive and easy to use for even new traders. Its various features make the entire trading experience seamless and pleasant.
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Forex.com Trading Platform – Conclusion
Forex.com is a platform that can serve all kinds of traders. We have explored its various functionalities and advantages that can help you.
They have lots of features and service offerings that make it a great trading platform.
It is well suited for amateur as well as professional traders. Now that you are well versed with the platform, you can start your trading journey with Forex.com.
You can explore the platform for yourselves to see if it meets your requirements. We have provided a lot of information on the platform, that you can use to make the right choice and earn money.
Forex.com Trading Platform – FAQs
Here is a list of few FAQs related to the Forex trading platform:
What is Forex.com Trading Platform called?
Forex.com has a web-based trading terminal that is accessible through its website. “Advanced trading platform” is the desktop version of their trading platform.
It can be downloaded through their website. Both their web and desktop terminals offer a host of features and allow you to place trades.
Does Forex.com provide Web Trading?
Yes, you can use their trading platform through the web. You need to go to their website and log in to access your account.
The web-based platform is compatible with all browsers and operating systems. Their web trading platform is powerful and offers a lot of functionalities.
Is the Forex.com MetaTrader 5 Free to use?
Yes, there are no hidden fees for creating an account with Forex.com. You can access it through the web or download their free desktop software.
There are various types of accounts you can choose from based on your needs.
How to download Forex.com Trading Terminal?
You can download the software by going to Forex.com’s website. Then download and install the software, and after logging in you can start using it.
You will need to create an account with Forex.com to access the platform and place trades.
What features does Forex.com Online Trading Platform have?
It offers a wide range of features that make it the perfect platform for investors. It has great research and analysis tools, customizability, and educational material.
There are many more features that make the Forex.com online trading platform easy and fun to use.
Can I trade in Shares via Forex.com Trading Platform?
Yes, you can trade in shares through the forex.com trading platform. It offers a wide range of products that you can choose from.
You can invest in forex, shares, indices, commodities, and cryptocurrencies through the platform.
Is Forex.com Trading Terminal good?
Yes, the many features and services offered by the platform make it one of the best in class.
Clients around the world trust this platform to invest their money and make returns. It is rich in features that assist both beginners and experts to take trading decisions.
Can Forex.com Web Trading Platform be used without EKYC?
It is necessary to verify your identity using a photo ID. Without completing verification you won’t be able to open your trading account.
Only after the verification process, will you be able to access and trade on the platform.
Does Forex.com MT5 provide tips?
Yes, the platform has a massive library of content you can go through to increase your knowledge.
They also have a news feed and also publish proprietary research and insights on a regular basis. You can use these resources and tools to place your trades in the right direction.
How to Buy Currencies via Forex.com Web Trading Platform?
You can buy currencies on the platform by looking for the currency pair you wish to trade. After identifying the pair, enter a Buy or Sell position based on your wish.
Fill in all the necessary trade information and then you can place your order.
Get Free Access to Platform – Open a Forex Account Now!
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