forex.com retail experience, anyone here still using them
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forex.com (gain capital) has been around forever, US regulated, parent company is publicly traded. they used to be the default for US retail traders. with the rise of newer offshore-leaning brokers, less people seem to discuss them.
for those trading with forex.com currently: how is the actual experience? execution, withdrawals, support? worth staying or worth migrating to a tighter-spread alternative?
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us based, traded forex.com for 5 years until 2023. quality wise: solid, no withdrawal drama ever, reasonable execution. cost wise: more expensive than ic markets or pepperstone. for US traders the broker options are limited by regulation, forex.com is actually one of the better US-regulated choices. outside US there are cheaper alternatives.
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us regulations: max leverage 50:1 on majors (much lower than most countries), NFA member supervision, mandatory segregated accounts, strict disclosure requirements. impact on you: more protection but also more limitations on position sizing and account management. its trade-off. for serious capital, the protection matters. for low-equity speculative trading, the leverage limit is restrictive.
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forex.com survived because they were grandfathered through the regulation that killed all their competition. theyre default not best.
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