Forex.com Review 2019

Forex.com Rated 4/5

Forex.com Guide

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Forex.com we break down the pros and cons. What Forex.com are able to offer, what countries Forex.com are available in. Who Forex.com are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Forex.com

  • Regulated by: Financial Conduct Authority
  • Headquarters Country : United States
  • Foundation year 1999
  • Min Deposit : 500
  • Used by over 10,000 traders
  • Forex.com is not available in the following countries : BE
Open Forex.com's Website

69% of retail investor accounts lose money when trading CFDs with this provider

At the bottom of this review you can also learn about some pretty good alternatives to Forex.com

With this review we hope to help you see if Forex.com is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Forex.com that will help you get off to a good start in the world of online trading.

Forex.com Review Table of Contents

Forex.com what you should know

Forex.com offer one way to trade: Forex.

With Forex.com you will need a minimum deposit of $500. You can sign up for a demo account to acquaint yourself with Forex.com platform.

Forex.com are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Forex.com safe?

When choosing a broker like Forex.com the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 1999, and in operation for 20 years Forex.com have a head office in United States.

Forex.com is regulated. This means Forex.com are supervised by and is checked for conduct by the Financial Conduct Authority regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Forex.com, this will be honored. If Forex.com violate any regulatory rules their regulated status could be stripped.

Any payments funded to Forex.com accounts by traders are held in a segregated bank account.

For added security Forex.com use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Forex.com. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Forex.com

69% of retail investor accounts lose money when trading CFDs with this provider

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker Forex.com XTB Plus500 Pepperstone
Year Established 1999 2002 2008 2010
Head Office United States Poland Israel Australia
Regulation Financial Conduct Authority Financial Conduct Authority, CySEC, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14) Financial Conduct Authority,UK and ASIC
Used By 10,000+ 250,000+ 15,500+ 10,000+
Negative balance protection No Yes Yes Yes
Guaranteed Stop Loss No Yes No No
Learn More Visit Forex.com Visit XTB Visit Plus500 Visit Pepperstone
Risk Warning 69% of retail investor accounts lose money when trading CFDs with this provider Your capital is at risk 76.4% of retail CFD accounts lose money Your capital is at risk

Forex.com Pros and Cons

What we like about Forex.com

  • Used by over 10,000 traders
  • Established in 1999
  • Regulated by Financial Conduct Authority
  • Min. deposit from $500

What we don't like about Forex.com

Forex.com General Fees

  • Forex.com doesn't charge withdrawal fees
  • Forex.com doesn't charge inactivity fees
  • Forex.com doesn't charge deposit fees

Forex.com Commissions

  • Forex.com doesn't charge commission on CFD shares.
Broker Forex.com XTB Plus500 Pepperstone
Min Deposit 500 0 100 200
Withdrawl Fees No varies No No
Inactivity Fees No No Yes Yes
Deposit Fees No No No No
CFD Commission Fees No Yes No Yes

What can you trade with Forex.com?

You can trade a wide variety of instruments with Forex.com over 100 instruments infact.

If you are looking at trading currency pairs Forex.com offer over 50 currency pairs.

Compare Forex.com with XTB and Plus500 below.

69% of retail investor accounts lose money when trading CFDs with this provider

Broker Forex.com XTB Plus500 Pepperstone
Instruments Available 100 1,500 2,000 100
Platforms MT4, Web Trader, NinjaTrader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies Visit Forex.com Visit XTB Visit Plus500 Visit Pepperstone
Forex pairs offered 50 50 100 70
Forex pairs offered 50 50 100 70
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit Forex.com Visit XTB Visit Plus500 Visit Pepperstone
Commodities Offered 12 21 17 0
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes No
Indiced & Stock CFDs Visit Forex.com Visit XTB Visit Plus500 Visit Pepperstone
Stocks Offered 0 1696 1816 0
UK Shares No Yes Yes No
US Shares No Yes Yes No
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes No

Trading on Forex.com web platforms and other applications

Forex.com offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

Forex.com also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See Forex.com's platforms

Forex.com Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP

Forex.com Trading Accounts Offered :

  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account

Can I try Forex.com before I buy?

Forex.com offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding and withdrawl methods do Forex.com accept?

Forex.com offer the below funding payment methods. learn more about Forex.com

  • Bank Transfer
Broker Forex.com XTB Plus500 Pepperstone
Bank transfer Yes Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer Yes No Yes
Neteller No Yes No Yes

How can I start trading with Forex.com?

When opening a trading account with Forex.com, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Forex.com trading platforms here.

Performing trades with Forex.com

With Forex.com, the minimum and maximum trade requirements vary depending on the trader and the instrument. As Forex.com offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Education resources at Forex.com

To trade effectively with Forex.com, it's important to get a have a good understanding of the XTB trading tools and the markets.

Forex.com offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Forex.com.

Take time to look around the Forex.com platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Support at Forex.com

Forex.com support a wide range of languages including English, Chinese, Arabic

Forex.com have a A grade support rating because Forex.com offer over three languages and email support.live chat support.

Broker Forex.com XTB Plus500 Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Chinese, Arabic English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More Visit Forex.com Visit XTB Visit Plus500 Visit Pepperstone
Risk Warning 69% of retail investor accounts lose money when trading CFDs with this provider Your capital is at risk 76.4% of retail CFD accounts lose money Your capital is at risk

What you will need to open an account with Forex.com

As Forex.com is regulated by Financial Conduct Authority, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Forex.com's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Forex.com you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.forex.com on 12th August 2018.

Watch this Forex.com Video

Forex.com not quite right?

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FOREX.COM Frequently Asked Questions

Can I try Forex.com before I buy?

Forex.com offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do Forex.com accept?

Forex.com offer the following funding payment methods Bank Transfers, Wire Transfer, among other payment methods.
Learn more here

69% of retail investor accounts lose money when trading CFDs with this provider

How can I start trading with Forex.com?

When opening a trading account with Forex.com, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Forex.com trading platforms here.

Is my money safe with Forex.com?

Forex.com is regulated by Financial Conduct Authority. One of the most important criteria for traders when choosing a broker like Forex.com is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Forex.com, this will be honored. If they violate any regulatory rules their regulated status can be stripped.