FOREX.com: CFD & Forex TradingLatest release: 1.98.2568 ( 4th May 2022 ) 🔍 Last analysed 16th October 2021 . Can't send or receive bitcoins
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Please help us spread the word discussing the risks of centralized custodians with FOREX.com: CFD & Forex Trading via their Twitter!
Do your own research!
Try out searching for "lost bitcoins", "stole my money" or "scammers" together with the wallet's name, even if you think the wallet is generally trustworthy. For all the bigger wallets you will find accusations. Make sure you understand why they were made and if you are comfortable with the provider's reaction.
The Analysis ¶
(Analysis from Android review)
Perhaps one of the more well-known Forex sites due to its domain power, Forex.com offers trading in 300+ markets. This includes: FX, precious metals, various trade indices, shares and cryptocurrencies.
- Trade Cryptos: Buy and sell Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple
Gain Capital now known as Gain Capital Holdings, has been in possession of the domain since 2003.
Like many of the forex and cryptocurrency trading sites that we’ve reviewed in the past, Forex.com cannot be funded via cryptocurrencies. Instead, these are the funding options:
- Bank Transfer (ACH)
- Wire Transfer
- Debit Card
The same is true for withdrawals:
How do I withdraw funds from my account?
To withdraw funds, log into the trading platform and click “Add Funds” and then select the “withdraw funds” option. Funds must be withdrawn to the originating source of deposit.
Excess funds may be withdrawn by bank transfer or wire transfer. In the event you added a new bank account to withdraw excess funds, FOREX.com will require evidence of the account by uploading a bank statement.
Trade Cryptocurrencies as CFDs
Take advantage of crypto volatility
Trade a wide range of cryptocurrencies without having to own the underlying asset. Go long or short on Bitcoin, Ethereum, Litecoin and Ripple, with no need for wallets or exchanges.
Funding can only be via traditional financial institutions, this app cannot send or receive bitcoins.
The product can't send or receive BTC.
As part of our Methodology, we ask:Can it send and receive bitcoins? If not, we tag it No send/receive!
If it is for holding BTC but you can’t actually send or receive them with this product then it doesn’t function like a wallet for BTC but you might still be using it to hold your bitcoins with the intention to convert back to fiat when you “cash out”.
All products in this category are custodial and thus funds are at the mercy of the provider.
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