Practice makes perfect, and that is why forex.com offers you a free demo account. This means that you can practice your trading without having to make a real deposit, so that you figure out how to use the trading platform.
To begin using Forex.com for real money you must open a trading account. There are two accounts that you can choose from. The standard trading account requires a minimum deposit of $500 and you can get started. The Premium account requires a deposit of $25,000 to begin trading. There is an incredible gap between these two types of accounts, and it is recommended that you should open an account with $3000 as your deposit. The reason for this is that this is the amount that is required to enable you to gain complete access to all the tradable instruments that are available on the site.
Forex.com Trading Platform
When you start trading you will be given a free trading eBook that will provide you with an introduction into forex trading.
Deposits and Withdrawals
Three main methods exist for making a deposit with this broker. There is the bank wire transfer which takes a total of four working days for the money to reflect in your account. Then there is the check which is available for customers who have checking accounts in the United States. These checks reflect almost immediately as they are paid directly into the account for trading. Finally, you can deposit using a credit or debit card, where the deposit is instant.
You can make a withdrawal in the same ways that you make a deposit, although the timings for processing are different. Withdrawals by credit card for example have a 24-hour delay as they are being processed.
With this broker, there are no minimum withdrawal amounts and there are no charges for making a deposit or taking out a withdrawal.
FOREX.com Explain What is Forex?
This site has developed a skill for being open and honest in all dealings, so as to gain the trust of the customer. For that reason, it continues to grow in popularity as customer believe in what is has to offer. As well as maintaining high standards for customers, it also offers educational material to help with the development of trading skills, free market research to provide an idea of what is happening in forex markets, tight spreads that help to minimize risk and the services of Expert Advisors.
This broker also features a technical analysis suite where it is possible for professional analysts to call a trade as it happens. This ensures that you have up to the minute information, which could easily be the difference between a great trade and losing out on an opportunity.