By | March 2, 2021

In this blog we have reviewed Here we covered topics like, how to open an account, fees, deposit and withdrawal, customer services, education and safety.

About is the best and the most trusted one stop shop for forex traders. Established in 2001, is a brand listed in the New York Exchange. is an excellent choice for the brokers looking for the home base currency for trading, as it provides a huge range of tradable currencies, user friendly trading platform and minimum account deposits. 

It is regulated by the top-tier Financial Conduct Authority (FCA) of the UK and Commodity Futures Trading Commission (CFTC) of the US, along with several other financial institutions. It’s education centre provides extensive trade education and research knowledge to seasoned and inexperienced traders for free. 

How to open your account

Just like other platforms also have the same procedure for opening an account. It also has a fully digital account opening process. It usually takes 2 days for verification, which is a bit slower as compared to market. You have to do the following steps for opening an account :

  1.  Choose you want to open an account at or Metatrader4 (a third party website).
  2. Fill in your personal and financial information.
  3. Answer a few questions related to your financial knowledge so that they can customize your feed as per your knowledge. 
  4. Lastly, upload your ID and other documentary evidence to verify your identity and residency. 

Sometimes they reject your application without any reason, so in that case contact them for further information. accepts customers from most of the country, except Hong Kong and New Zealand. 

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Fees charges fees in a slightly different way as compared to stock and option accounts. When you exchange currencies you notice two terminologies stated “bid price” and “ask price”. On  some platforms it is regarded as “sell” and “buy” prices.  

Bid price is the highest price the buyer is willing to pay for. And ask price is the lower price that a seller is willing to get for the security. The difference between the bid and ask is known as “spread” which is the commission of the broker. charges less fees as compared to its competitors. The range of spread lies between 0.2-1.0 mark, depending on the currency pair. For example, margin requirements on the USD/CAD pair is 2%. This means that for every $100,000 of margin you want to use, you need to maintain a deposit of at least $2,000 in your account.

how to deposit and withdrawal in

Deposit and Withdrawal provides multiple deposit and withdrawal options, all free of charge. But it does not support withdrawal with some credit cards. provides 6 base currencies : EUR, GBP, USD, AUD, CHF, 

JPY. You have to select in which currency you want to continue your exchange. The reason behind this is that if you have your bank account operating in any of the given currencies.

You do not have to pay conversion fees. But in case, if you have any other currency as a base currency that this 6 you have to pay conversion fees.

* A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank.

  • It does not charge any depositing fees. You can use bank transfer, paypal or credit/debit card for depositing money.
  • Withdrawal is also free at and the procedure for withdrawal is the same as depositing.

Steps to withdraw money :

Steps to withdraw money :

  • Log in to ‘My Account’
  • Click on ‘Funding’ and then select ‘Withdraw’
  • Enter the amount you wish to withdraw
  • Confirm your withdrawal Usability is a user friendly platform that is easily accessible and customizable. It is a comprehensive trading platform with lots of order types. provides three platforms to choose from; i.e Web, mobile and desktop.

 You can easily add, remove, or change the size and position of tabs to create your own unique trading platform.

To navigate currency pairs, just type in and click the search bar. Bids and asks of currency laid out clearly and update every second to give the clear picture. only avail trade in crypto, forex and CFDs. Other assets like real, stocks or funds are not available.

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Education is doing great in terms of education. It is providing video tutorials, charts, graphs and demo accounts to provide trading based information. It also provides live webinars to boost forex strategy making and risk management.

You can enroll into a webinar simply by putting your name, email address and contact number through website. review customer support

It has great customer support services, live chat support is a bit tricky and email services are slow and sometimes a bit unsatisfactory.

  • Phone. Call 877-367-3946, and select option 1.
  • Email. Send a message to [email protected]
  • Chat. Send a message on

Customer service is continuously available from 10 a.m. Sunday to 5 p.m. Friday EST.

Why over others?

  1. Wide range of currencies to trade
  2. Plenty of educational tools
  3. Comprehensive list of indicators and currencies

Is Safe?

It is regulated by several financial authorities like FCA, CFTC and National Futures Association(NFA). And Forex.coms’ parent company GAIN capital is listed on New York Stock Exchange provides negative balance protection for clients belonging to GAIN Capital UK Ltd for forex spot and CFD trading, but only for retail clients from the European Union. 

Pros Cons
Low forex feesLimited product portfolio
Great variety of currency pairsHigh stock CFD fees
Low stock index CFD feesNon-user-friendly desktop platform
Fully digitalRelatively slow account verification
User friendlyProblem with credit card withdrawal

Bottom Line is a great forex broker regulated by top-tier financial institutions. On one hand, it has low forex fees, high quality research tools, educational tutorials. While on the other hand, it does not provide trading in stocks, bonds and options. 

As i does not charge any amount if you do not trade for one year, hence feel free to try


Can I renew my demo account?

Demo accounts last for 30 days after sign up. Afterward, you will not be able to log in using the demo account credentials. Demo renewals are not available at this time. 

How much money do I need to open an account?

The minimum initial deposit required is at least 100 of your selected base currency. However, we recommend you deposit at least 1,000 to allow you more flexibility and better risk management when trading your account.

What time to “Day” orders expire in my DMA Account?

Day orders placed in the majority of currency pairs will expire at 5 pm EST in your DMA account however, Day orders placed in currency pairs containing the New Zealand Dollar (NZD) will expire at 3 pm EST.

Can I convert my Standard Account to a Commission Account, or vise versa?

No, account types cannot be converted to the other pricing model. If you already have an account of one type, you can open a new account of the other type. Review


Account opening









  • Fully digital
  • User friendly
  • Low forex fees


  • Limited products
  • High Stock fees
  • Unfriendly desktop trading

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