FOREX.com Overview
| Website | forex.com |
| Year Founded | 2001 |
| Countries of Registration | Cayman Islands, United Kingdom, Canada, Cyprus, United States, Hong Kong, Japan, Singapore, Australia |
| Website Languages | English, Spanish, Arabic |
| Regulators | CIMA, FCA, CIRO, CySEC, SFC, JFSA, ASIC, MAS, CFTC, NFA |
| Broker Type | MM, DMA |
| Dealing | B-book, A-book |
| Minimum Deposit | $100 |
| Account Currencies | USD, EUR, GBP |
| Spread | average |
| Trading Platforms | FOREX.com, Ninja Trader, MetaTrader 4 (MT4), TradingView |
| Trading Assets | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities, Cryptocurrencies |
Brief look at FOREX.com
FOREX.com is one of the most recognized and trusted forex brokers globally, catering to traders of all levels since its establishment in 2001. Regulated by top-tier financial authorities, including the FCA (UK), CFTC (US), and ASIC (Australia), the broker provides a secure and transparent trading environment. With a wide range of forex pairs, indices, commodities, and cryptocurrencies, FOREX.com offers extensive opportunities for diversification. The broker's advanced trading platforms, including its proprietary platform and MetaTrader 4 (MT4), are equipped with robust charting tools, technical indicators, and risk management features. One of FOREX.com's standout features is its educational content, which includes webinars, trading guides, and market analysis, making it an excellent choice for beginner traders. The broker also offers competitive spreads, fast execution, and flexible account types to suit various trading strategies. However, the absence of support for MetaTrader 5 (MT5) and the relatively high minimum deposit for some accounts might deter certain traders. Despite these minor drawbacks, FOREX.com remains a solid choice for those looking for reliability, regulation, and a wealth of trading resources.
Pros
- Regulated by multiple top-tier authorities (FCA, CFTC, ASIC, etc.)
- Wide range of tradable instruments, including forex, commodities, and crypto
- Advanced proprietary trading platform and support for MetaTrader 4 (MT4)
- Comprehensive educational resources for traders of all levels
- Competitive spreads and fast trade execution
Cons
- No support for MetaTrader 5 (MT5)
- Inactivity fees for dormant accounts
- Limited leverage options for retail traders in certain regions
- Customer support may not be 24/7 in all locations
Is FOREX.com available in my country?
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FOREX.com accepts clients from United States!
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FOREX.com Reviews
FOREX.com is an excellent broker with fast order execution and a seamless login process. The demo account is perfect for practicing new strategies.
3/10/2024Great platform with competitive spreads and reliable trading tools. However, I wish they supported MT5 for advanced charting options.
2/25/2024The app is easy to use, but the minimum deposit for some account types is quite high. Withdrawal time is decent but could be faster.
1/15/2024Solid broker with great forex trading options. I love the MT4 support, but the leverage limits for retail traders feel restrictive.
4/5/2024Signing up with FOREX.com was easy, and the platform download was quick. The educational materials have been incredibly helpful for improving my trading skills.
5/18/2024Leave a Review
Is FOREX.com regulated?
| Companies | GAIN Global Markets Inc, StoneX Financial Ltd, GAIN Capital - FOREX.com Canada Ltd, StoneX Europe Ltd, GAIN Capital Group LLC, StoneX Financial (HK) Limited, StoneX Securities Co, StoneX Financial PTE Ltd, StoneX Financial Pty Ltd |
| Countries | Cayman Islands, United Kingdom, Canada, Cyprus, United States, Hong Kong, Japan, Singapore, Australia |
| Regulators | CIMA, FCA, CIRO, CySEC, SFC, JFSA, ASIC, MAS, CFTC, NFA |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF), Financialcommission.org |
| Investor Protection Size | £85 000 / €20 000 |
| Publicly Traded | |
| Segregated Accounts | |
| Guaranteed Stop Loss | |
| Negative Balance Protection |
FOREX.com Account Types
| Property | Standard | DMA |
|---|---|---|
| Deposit | $100 | $100 |
| Lot Size | 0.01 lots | 0.01 lots |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.7 pips | 0.1 pips |
| Fee | No | $12 per 1 lot |
| Max Leverage | 1:50 | 1:50 |
| Stop Out | 100% | 100% |
| Margin Call | 120% | 120% |
Additional Features
- Demo Account
- VIP Account
- Swap-Free Account
- Copy Trading
- VPS
- PAMM/MAM Accounts
FOREX.com Funding and Fees
| Base currencies | USD, EUR, GBP |
| Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller |
| Inactivity fee | $15 per month after 12 months |
| Interest on margin | |
| Withdrawal Fee |
FOREX.com Trading Platforms and Conditions
| Trading Platforms | FOREX.com, Ninja Trader, MetaTrader 4 (MT4), TradingView |
| Execution Speed | 0 ms |
| Scalping | |
| Expert Advisors (EAs) | |
| Depth of Market (DOM) | |
| Spread | average |
FOREX.com Trading Assets
| Currencies | 91 |
| Indices | 54 |
| Stocks | 5500 |
| Cryptocurrencies | 12 |
| Bonds | 14 |
| Metals | 16 |
| Energies | 14 |
| Soft Commodities | 22 |
| ETFs | 318 |
Education and Analytics
| Economic Calendar | |
| Indicators | |
| Robots | |
| Signals | |
| Autochartist | |
| Expert Analytics | |
| News Feed | |
| Education Articles | |
| Webinars | |
| Seminars |
FOREX.com Support
| [email protected] | |
| YouTube | YouTube |
FOREX.com vs Competitors
| Features | FOREX.com | OANDA | IG | XM | eToro | FXCM |
|---|---|---|---|---|---|---|
| Type | MM, DMA | STP | MM, DMA | MM | MM | STP, DMA |
| Minimum Deposit | $100 | $1 | $1 | $5 | $200 | $50 |
| Regulators | CIMA, FCA, CIRO, CySEC, SFC, JFSA, ASIC, MAS, CFTC, NFA | NFA, CFTC, ASIC, CIRO, FCA, JFSA, BVIFSC, MAS, KNF | FCA, BMA, BaFin, FSAN, AFM, CONSOB, CNMV, ACPR, FI, FINMA, NFA, CFTC, ASIC, NZ FMA, JFSA, JFFA, MAS, FSCA, DFSA | BFSC, CySEC, ASIC, DFSA | SFSA, FCA, CySEC, ASIC, SEC | FCA, ASIC, CySEC, FSCA, CIRO, ISA, SVGFSA |
| Platforms | FOREX.com, Ninja Trader, MetaTrader 4 (MT4), TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, fxTrade | MetaTrader 4 (MT4), IG Trading Platform, L2 Dealer | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | eToro | MetaTrader 4 (MT4), Trading Station, TradingView |
| Spread | average | low | average | low | high | average |
| Leverage | 1:50 | 1:200 | 1:200 | 1:1000 | 1:30 | 1:1000 |
| Assets | Currencies, Indices, Stocks, ETFs, Bonds, Metals, Energies, Soft Commodities, Cryptocurrencies | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities |