FOREX.com

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Broker FOREX.com
Company GAIN Capital Holdings, Inc.
Forex.Com UK Limited
Year since 1999
Headquarters New York, United States
Regulation NFA (ID # 0339826), CFTC;
FCA(UK) (ID # 190864)
Model ECN & MM
US Clients yes
Min Deposit($) 250
ECN Account Min Deposit($) 100000
ECN Commission($)/rtl(Round Turn Lot) 5
Offer Fixed Spread no
Offer Variable Spread yes
EURUSD Lowest spreads (pips) 1.7
Account Currency USD, EUR, GBP
Max Leverage (50 -US)(25 – ECN ,US)
Minimal Lot 0.01
Deposit Method Bank Wire, Cheque, Debit Card
Withdrawal method Bank Wire, Cheque
Scalping yes
Hedging no
All EAs Allowed yes
Currency Pairs 48+
Gold yes
Gold Spread(100oz) 45-60
Silver yes
Silver Spread(5000oz) >3
Oil yes
CFDs yes
Other Instruments Indices, Commodities, Energies, Bonds,
MAM/PAMM Accounts no
Managed Accounts yes
Swap-free accounts yes
Segregated Accounts yes
Interest on Margin yes
Bonuses & Rewards yes
Trading contests no
Trading platform MT4 (UK office) , FOREXTrader Pro, GTXForex, DealBook
Platform Execution
Platform Time Zone EST (GMT-5)
Trailing stops yes
OCO orders yes
One-click execution yes
Trade with mobilephone yes
Trade in browser yes
API yes

Company: GAIN Capital Holdings, Inc. Forex.Com UK Limited

FOREX.com12

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3 thoughts on “FOREX.com

  1. Anonymous says:

    bucketshop

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    Feedback: 2 positive
  2. NFA FINE $459000 (11/11/2010) says:
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    COMPLAINT:

    On June 30, 2010, NFA issued a Complaint against Gain and Stevens that cited Gain for engaging in margin and liquidation practices that had a detrimental impact on certain of Gain’s customers on certain slipped trades, failing to maintain records for certain unfilled orders that were placed on the MetaTrader trading platform prior to May 2009, failing to adequately review the activities and promotional material of Gain’s unregulated solicitors, failing to respond promptly to certain inquiries and requests made by NFA during NFA’s audit of Gain and, together with Stevens, failing to supervise the firm’s operations.

    DECISION:

    On October 27, 2010, NFA’s BCC issued a Decision accepting an Offer of Settlement submitted by Gain and Stevens, in which Gain and Stevens neither admitted nor denied the allegations of the Complaint and agreed to settle the case on the following terms: Gain agreed to refund to customers the amount of negative slippage they experienced on the trades that were placed in their accounts between May 1 and July 31, 2009 and which were attributable to the Virtual Dealer Plug-in that Gain used on its institutional and retail servers, Gain agreed to refund to customers the losses they incurred as a result of Gain’s practice of adjusting leverage and margin requirements on Fridays, as alleged in Count I of the Complaint; Gain agreed to pay $459,000 to NFA as a monetary sanction; Gain agreed that in the future any and all slippage parameters that Gain uses in determining whether a customer’s order will be executed or re-quoted, shall be symmetrical in nature and neither advantageous nor disadvantageous to the customer or to Gain; and Gain agreed not to reinstate its practice of adjusting leverage and margin requirements on Fridays, as described in Count I of the Complaint, which it has discontinued. The Decision made no findings with respect to Count V of the Complaint charging failure to supervise.

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    Feedback: 3 positive, 1 negative
  3. NFA FINE $100000 (06/01/2007) says:
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    COMPLAINT:

    On December 8, 2006, NFA issued a Complaint charging GCG with using deficient promotional material and failing to uphold high standards of commercial honor and just and equitable principles of trade; failing to establish and implement an adequate anti-money laundering program; and failing to notify NFA that GCG was carrying customer accounts.

    ANSWER –

    On January 30, 2007, GCG filed an Answer to the Complaint in which it denied the material allegations contained therein.

    DECISION –

    On May 17, 2007 GCG was ordered to pay a $100,000 fine. On motion of NFA, the Hearing Panel dismissed Count III of the Complaint.

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    Feedback: 4 positive