Website: http://www.forex.com

Headquarters:

Bedminster One
135 US Highway 202/206
Suite 11
Bedminster, NJ 07921, USA

Country: United States

Other offices countries: Subsidiaries: UK, Australia, Singapore, Japan, Korea

Phone: +1 908-731-0750

Year of company’s foundation: 1999

Liquidity Providers: Our best execution goal is supported by liquidity relationships with some of the world’s leading FX banks, such as UBS, Barclays and Goldman Sachs.

Regulated by: NFA(US), CFTC(US), FSA (UK), Australian Securities and Investments Commission, ASIC(AU) and FSA (JP)

Leverage:

50:1 Major Pairs, 20:1 Minors (US)
200:1 (UK and AU entities only)

Pip spread on majors:
PRO as low as

EUR/USD: 1.3
GBP/USD: 1.3
USD/JPY: 1.3
USD/CHF: 1.3
AUD/USD: 1.1
EUR/CHF: 1.3
EUR/GBP: 1.2
USD/CAD: 1.3

Commissions description:

At FOREX.com, you can trade on spreads as low as 1.1 pips on the most popular currency pairs. Our competitive pricing is coupled with a commitment to deliver the best possible execution on each and every trade. As always, you pay no commissions at FOREX.com. Your only transaction cost is the dealing spread – the difference between the bid and the ask price.

Fractional pip pricing: Y
Mobile trading: Y
Free demo account: Y

URL free demo account: http://ad.doubleclick.net/clk;242126754;64877452;p

Duration: 30 days

Description: Whether you’re new to currency trading or already an experienced forex trader, our risk-free $50,000 practice account is an ideal way to get started at FOREX.com. At FOREX.com, advanced trading tools, 24-hour customer support during trading hours, and a secure online trading experience are all part of our commitment to offer more to the individual investor.

Open Live Account:http://ad.doubleclick.net/clk;242126754;64877452;p

Regular Account: Y
Minimum account size for Regular Account: $2,500
Mini Account: Y
Minimum account size for Mini Account: $500 US
$250 (UK & AU)
Micro Account: Y (MetaTrader accounts only)
Minimum account size for Micro Account: $500 US
$250 (UK & AU)

Accounts denominated in non-USD currencies: CHF, EUR, GBP, JPY (AUD, NZD in AU only)

Segregated Accounts: Y (UK, JP, and AU accounts only)

Payment methods: FOREX.com offers clients four convenient ways to fund their trading account. Fund your account via credit card, eCheck (US only), wire or check.

Services: Trading 24 hours a day from Sunday 5pm ET – Friday 5pm ET. Commission free trading (FOREX.com is compensated through the bid/ask spread). Web-based trading platform requires no download or installation. Free access to charting, news and research. 24 hour customer support via phone, email, and chat during trading hours. Mobile trading available.

24 Hour trading: Y

Hedging Facilities: Y (MetaTrader, UK and AU accounts only)

Order Types: Market, limit, stop loss, If/Then, If/Then OCO, OCO, trailing stop

FIFO Rule: Y (ForexTrader and MetaTrader US)

Pairs Offered:

AUD/CAD
AUD/CHF
AUD/JPY
AUD/NZD
AUD/USD
CAD/CHF
CAD/JPY
CHF/JPY
EUR/AUD
EUR/CAD
EUR/CHF
EUR/CZK
EUR/DKK
EUR/GBP
EUR/HUF
EUR/JPY
EUR/NOK
EUR/NZD
EUR/PLN
EUR/SEK
EUR/TRY
EUR/USD
GBP/AUD
GBP/CAD
GBP/CHF
GBP/JPY
GBP/NZD
GBP/USD
NZD/CAD
NZD/CHF
NZD/JPY
NZD/USD
SGD/JPY
USD/CAD
USD/CHF
USD/CZK
USD/DKK
USD/HKD
USD/HUF
USD/JPY
USD/MXN
USD/NOK
USD/PLN
USD/SEK
USD/SGD
USD/TRY
USD/ZAR
ZAR/JPY

Other instruments:

Spot metals (UK and AU entities only)
CFDs (UK and AU entities only)

Platforms:

FOREXTrader PRO, FOREXTrader Web, Mobile Trading: iPhone and Android applications.

Platform Description: Our FOREXTrader platforms combine ease of use, flexibility and a full suite of professional charting and order management tools, all on a single screen. Best of all, you can use the same User ID and Password to switch between platforms at will, putting you in control of your trading experience. No debit balance guarantee. Free access to charting, news, and research. 24-hour customer support via phone, email and chat during trading hours. Wireless trading available. USD, EUR, CAD, YEN, CHF, AUD and GBP deposits are accepted.

MetaTrader 4 and MT4 Mobile

Platform Description: Traders can benefit from all of the features of the MetaTrader 4 trading platform, as well as the competitive pricing and services of FOREX.com. This highly intuitive platform with advanced trading capabilities offers you the ability to place advanced orders – including hedge support for strategies that require placing opposing trades (UK and AU only).

Trading from charts: Y
EA Compatibility: Y (MetaTrader only)
Platform Video Tour: Y
Platform Video Tour URL: http://www.forex.com/tour/windows.html

Support

FreePhone: Toll Free US: 877-367-3946
Freephone UK: 0800 032 1948
Freecall Australia: 1800 052 278
Toll Free Japan: 0120-288-168
Fax: US: 1-908-731-0701
UK: +44 (0) 208100 5599
AU: +61 2 9221 0591
E-mail: info@forex.com
E-mail average response time: 1 business day
Languages: English, Chinese Traditional, Chinese Simplified, Arabic, Russian, and Japanese

24 hours a day from 10AM Sunday to 5PM Friday (ET)
Saturdays 9AM to 5PM (ET)

Educational Programs:

Discover how our learning resources can help you expand your currency trading knowledge. Watch video tutorials, attend our webinars, and read through a library of articles touching on every area of Forex trading.
Educational Programs link: http://www.forex.com/Learn

Research: Our experienced research team provides robust market analysis you won’t find anywhere else, from real-time commentary to essential daily and weekly reports that summarize key market developments with an insightful perspective. Also, access a full breadth of institutional -grade research to help you monitor the Forex market – their reports combine a chartist’s approach with traditional and proprietary indicators and pattern recognition to evaluate directional moves, identify price targets, and scan the markets for potential trade ideas.

Awards: FT Investors Chronicle, Best Forex Platform (2010)
Middle East Online Trading Summit, Best Retail Services Provider (2010)
Moscow Forex Expo, Best US Broker (2010)
Shares Awards, Best FX Broker (2010)

Social Media Links

Forex.com Twitter: http://twitter.com/#!/forexresearch
Facebook: https://www.facebook.com/forex.com
Forex.com Research Team Twitter: http://twitter.com/#!/forexdotcom
RSS Feed: http://www.forex.com/weekly.xml

Source: www.actionforex.com

There are usually four types of pending orders available in the MetaTrader platform:

1. Buy Limit — buy provided the future “ASK” price is equal to the pre-defined value. The current price level is higher than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having fallen to a certain level, will increase.
2. Buy Stop—buy provided the future “ASK” price is equal to the pre-defined value. The current price level is lower than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having reached a certain level, will keep on increasing.
3. Sell Limit — sell provided the future “BID” price is equal to the pre-defined value. The current price level is lower than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having increased to a certain level, will fall.
4. Sell Stop — sell provided the future “BID” price is equal to the pre-defined value. The current price level is higher than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having reached a certain level, will keep on falling.

*Remember, in volatile market or fast-moving market conditions, stop-loss orders can become market orders and may be filled at the prevailing price, which may differ greatly from the desired price.

The Bid is the price at which you (as the trader) will open a sell. The Ask is the price at which you will open a buy. The difference between the bid and the ask price is known as the spread.

Related posts:

1. MetaTrader Tips – Understanding MetaTrader Charts
2. MetaTrader Tips – Stop Orders
3. MetaTrader Tips – Pending Orders
4. Interbank FX Margin Calls Explained: What Sets IBFX Apart
5. GoMarkets MT4 FX Trading Conditions

If you are in a sell (in at the Bid out at the Ask), you would not see the candle reach your stop loss if you are taken out of the trade. For example with a stop loss of 1.4580 on the EURUSD once the chart reached 1.4578 (2 pip spread) you would be taken out of the trade at 1.4580. Your take profit would not trigger until the ask price hits.  For example with a take profit of 1.4540 on the EURUSD once the chart reached 1.4538 (2 pip spread) you would be taken out of the trade at 1.4540. These examples are based on our spread shown under normal market conditions. Our spreads are not fixed and will fluctuate with news or other high / low volume conditions.

If you are in a buy (in at the Ask and out at the Bid), you will see the bid price on the chart.

Related posts:

1. MetaTrader Tips – Stop Orders
2. MetaTrader Tips – Chart Templates
3. MetaTrader Tips – Attaching indicators, experts or scripts to charts using hotkeys
4. MetaTrader Tips – Pending Orders
5. MetaTrader Tips – Setting Chart Scales