GAIN Capital UK Limited or better known as FOREX.com/en-uk is based in the UK and Wales. They are regulated and authorized under the strict rules of the Financial Conduct Authority (FCA), which enforces strict financial and investment standards for all UK brokers to abide by. FOREX.com UK is a part of the Financial Services Compensation Scheme (FSCS), which, in the event of the company becoming insolvent, will reimburse traders with up to £85 000. Users’ money remains safe in segregated bank accounts away from the broker’s. For a review of FOREX.com/us click here.
The EUR/USD spread is 1.1 pips on average. The leverage has been limited to a maximum of 1:30 by ESMA.
The number of instruments for trading is satisfactory: Currency Pairs, Indices, Shares, Commodities, and Cryptocurrencies.
We were unable to find any other version of the website apart from the default English one.
Gain Capital UK LOGIN
FOREX.com UK has in store for us only two platforms, one proprietary and one classic: Advanced Trading Platform and MT4.
As one of the leading platforms in the world, MetaTrader 4’s design and interface is by now well known. The platform is abundant in trading options and possibilities, and attractive to users both rookie and pro. The platform also allows for VPS. The point of the VPS is to let the auto trading bots trade, without worrying that his job will be interrupted by a power failure or net crash.
The leverage here is limited to 1:30 by ESMA. The EUR/USD spread is on average 1.1 pips.
FOREX.com UK has only one account type. There are no commissions on Forex pairs. There are however small charges on Shares: 1.8CPS ($10 minimum) for US Shares; 0.08% (£10 minimum) for FTSE 100 and UK Shares.
MT4 can be experienced on a desktop downloadable software, or on any mobile/tablet device. The broker has not included a web substitute.
ADVANCED TRADING PLATFORM
This proprietary terminal gives away a very sophisticated vibe, and rightfully so! There are over 100 indicators, 15 time frames, customizable drawing tools, a live news feed. Users can develop their own auto-trading strategies using a set of C# instruments, or chose from a set of 100+ templates. Furthermore, traders can work together with expert strategist employed by FOREX.com UK, and develop strategies for optimal trading. We are just scratching the surface here.
The leverage cannot go any higher than 1:30. The EUR/USD spread averages between 1.1-1.5. FOREX.com UK has only one account type- the Standard Account. Thusly, there are no commissions on Forex pairs. There are however small charges on Shares: 1.8CPS ($10 minimum) for US Shares; 0.8% (£10 minimum) for FTSE 100 and UK Shares.
The Advanced Trading Platform can be experienced on a desktop downloadable software, as a web trader, or on any mobile/tablet device via the Apple/Android app.
Gain Capital UK MINIMUM DEPOSIT
The minimum initial deposit is £50. After that, the minimum is lowered to just £10 for Credit/Debit Card, while Wire Transfer deposits have no minimum.
The depositing methods are: VISA, Mastercard, Maestro, and Wire Transfer. They are rather shortcoming of payment methods seeing that this is is a global broker. Other brokers, such as IG AU and IG UK, seem to be following the similar path of having a US subsidiary yet offering a limited number of payment methods for its European/non-European branches.
The account base currencies are USD, EUR, GBP, CAD, JPY, CHF, AUD.
VISA, Mastercard, Maestro processing times are immediate. Wire Transfer processes transfers in 1-2 business days.
There are zero funding fees, however, this does not exclude the possibility of your payment issuer to charge you a service fee. This no-deposit fee trend is always welcome, and should be acknowledged by more brokers, as exemplifies by Plus 500 or ThinkMarkets
FOREX.COM UK WITHDRAWAL TIME AND FEES
The FCA regulation reassure all traders that their withdrawals are 100% safe and secure.
Withdraw funds via Bank Transfer and Master/Debit Cards.
The withdrawal processing time for both methods is 48 hours. Once the request has been processed by the broker, the time for the money to reach an account depends on the payment system.
There are no fees charged by FOREX.com UK. However, CHAPS Bank Transfers under £5000 will be charged with £25, if traders wish to receive their money on the same day as the issued request. 3rd party payment providers may charge fees for transactions.
There is an inactivity fee of £15 per month if no trading is detected for more than 12 months. This small but noticeable nuisance is at times included with other brokers, such as AETOS SG and Admiral Markets.
There is no minimum withdrawal amount, as confirmed by a support agent.
FOREX.com UK is very stable and reliable broker (FCA regulated) that feels like everything is structured just perfectly, and has a rare balance of features that never seems intimidating. We definitely recommend this one.