22 reviews of Forex.com are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
I too have lost alot of money in this trade, but I keep going back it is additive just like gambling, I have been in it for one year lost all my money, I just don't want my family or my friends to know about it. Every time go back I usually think I have perfected my skills but I loose even more.There must something hiden or it is just a scam.
If you cant mathc "THERE" Social Sec number and DOB you wont get an account. Even if you can prove there Database is wrong. This took 3 weeks for them to say "NO"
I agree with the comments above. As a trader, you will do all due diligence, have the "right set up" but will never win. It "looks like" some forces are always pulling against you, meaning the platform, the software. It always know to make you lose and make the other side win. I yet have to see a longterm winner here in this game, besides the broker. Who knows what the platform is programmed to do. I am not being delusional here but one day some smarter dude will expose all this scam with evidence.
From my own personal experience with Forex.com, I only have three things to say about them: SCAM, SCAM, SCAM. Do yourself a favor and do your due diligance. Check out carefully the broker with whom you are going to trust to do the right thing. You can scratch Forex.com off your short list right now. Unless, that is, you want to give your money to these thieves!
Don't get Forex.com wrong...They put up a nice front as far as service, but their account exec's don't know jack about your account and leverage. Or MAYBE they're just ripping you off...
Their dealing desk is a.... cheating desk ! ! !
They "gun" your stops , the rate change against you when you want to place or close a trade , etc...
Their cheating desk has made me loosing a lot of money.
PLUS , their trailing stop orders are NOT tight to an open position. So, if you close the position, the trailing stop is still there... ! ! !
They are CHEATERS.
These people are trading against you !!
They want you to lose..!!!
Stay away from them.
Here is what they say in their terms and conditions:
FOREX IS AN OVER THE COUNTER (OTC) MARKET, MEANING THE FOREIGN CURRENCY TRADING YOU ARE ENTERING INTO IS NOT CONDUCTED ON AN EXCHANGE. AS A MARKET MAKER, GAIN CAPITAL IS THE COUNTERPARTY IN THESE TRANSACTIONS AND, THEREFORE, ACTS AS THE BUYER WHEN YOU SELL AND THE SELLER WHEN YOU BUY. AS A RESULT, GAIN CAPITAL'S INTERESTS MAY BE IN CONFLICT WITH YOURS. UNLESS OTHERWISE SPECIFIED IN YOUR WRITTEN AGREEMENT OR OTHER WRITTEN DOCUMENTS GAIN CAPITAL ESTABLISHES THE PRICES AND WHICH IT OFFERS TO TRADE WITH YOU. THE PRICES OFFERED MIGHT NOT BE THE BEST PRICES AVAILABLE AND DIFFERENT PRICES MAY BE OFFERED TO DIFFERENT CUSTOMERS.
IF GAIN CAPITAL ELECTS NOT TO COVER ITS OWN TRADING EXPOSURE, THEN YOU SHOULD BE AWARE THAT GAIN CAPITAL MAY MAKE MORE MONEY IF THE MARKET GOES AGAINST YOU. ADDITIONALLY, SINCE GAIN CAPITAL ACTS AS THE BUYER OR SELLER IN THE TRANSACTION, YOU SHOULD CAREFULLY EVALUATE ANY TRADE RECOMMENDATIONS YOU RECEIVE FROM GAIN CAPITAL OR ANY OF ITS SOLICITORS.
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