I have seen reports on both sides of the fence concerning Forex.com and other Fx Brokers.
One trader personally recommended Forex, stating that he had a profit over six months of 300K. This is a professional trader, of course. He says that Forex allows/assists him to make money with which he can make more trades on the spreads and on interest. He believes that Forex treats you fairly due to the fact that they want you to come back and use them over and over for your online trading needs. He does not describe his financial gain as common, though he insists it is not impossible to see great financial gains through online currency trading with Forex. Keep in mind, this person spends six days out of seven, 12 hours a day studying, reading newsletters and charts, and trading. He advises that trading stocks like your gambling in Vegas is a losing battle. Fx trading is very much a win or lose situation. He says that either you can do it or you cannot. In the case of the latter you would be best served by not working with online traders. Fans of the online Forex brokers enjoy the fact that Forex provides a handheld platform and a web platform.
I have seen Forex labeled as a scam in a number of reviews. It’s hard to tell with these, however; whether or not the person naming them a as scammers is simply bitter over the loss of a badly planned trade, or someone who knows what they’re doing and is actually giving a heads up two others interested in online currency trading. Some of the same people are still convinced that Wall Street in and of itself is a scam.
Knowing what you’re doing when trading stocks online is of the utmost importance. Knowing who your trading with…priceless.