Forex.com Review 2020

Forex.com Rated 4/5
Forex.com Review Screenshot

Forex.com Guide - Read our In Depth Forex.com Review

This Forex.com review was written by industry experts with over 20 years of financial experience in Forex, Indices, Commodities, Equities, Cryptocurrencies.

Forex.com are an online broker founded in 1999 offering Forex trading, Indices trading, Commodities trading, Equities trading, and Cryptocurrencies trading.

Forex.com are a global broker and have a head office in United States.

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 breakdown 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

Open Forex.com's Website

73% of retail investor accounts lose money when trading CFDs with this provider

Forex.com are reputable enough to have a wikipedia page link. Wikipedia content is highly moderated for accuracy. It is very hard to get a Wikipedia page. Open Forex.com's Wikipedia page

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

With this Forex.com 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 review
What you should know

Forex.com offer five ways to trade: Forex, Indices, Commodities, Equities, Cryptocurrencies.

With Forex.com you will need a minimum deposit of $100. 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.


Forex.com review
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 21 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 (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) 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

73% 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.

How Forex.com as a Company Compare Against Other Brokers

Broker Forex.com eToro IC Markets XTB
Year Established 1999 2006 2007 2002
Head Office United States Cyprus, UK Australia Poland
Regulation Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego
Used By 150,000+ 12,000,000+ 60,000+ 200,000+
Negative balance protection Yes Yes Yes Yes
Guaranteed Stop Loss Yes No No No
Learn More Visit Forex.com Visit eToro Visit IC Markets Visit XTB
Risk Warning 73% of retail investor accounts lose money when trading CFDs with this provider 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Forex.com review
Forex.com Pros and Cons

What we like about Forex.com

  • Used by over 150,000 traders
  • Established in 1999
  • Regulated by Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA)
  • Min. deposit from $100

What we don't like about Forex.com

Forex.com review
Forex.com Regulation and Licensing in more detail

We have checked and Forex.com is regulated and supervised by reputable organisations. You are able to check every Forex.com supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Forex.com. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Forex.com traders and provide a safe trading environment.

Forex.com is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Forex.com you should be sure they're legitimate online agent.

Forex.com review
Forex.com Awards

Forex.com have won numerious industry awards over the 21 years they have been operating as a financial broker. We list the most notible awards and mentions for Forex.com below.

  • Best Forex Services Provider 2019 at the UK Shares Awards
  • Investors Chronicle Best Forex Broker 2013 Winner
  • ForexExpo Awards Best USA Broker 2013
  • Shares Magazine Best FX Broker 2012
  • Middle East Forex and Managed Funds awarded Forex.com Best Arabic FX platform 2010
  • Saudi Money Expo Best Arabic FX Platform 2012 Winner
  • UK Forex Awards Best Forex Retail Trading Platform 2012 Winner
  • MoneyAM Best Online FX Provider 2011 Winner
  • Deloitte Fastest Growing Firms in North America 2008
  • Inc. 500 Fastest Growing Private Companies List 2005
  • Forbes Best of the Web 2001

Forex.com review
Forex.com Fees Explained

  • Forex.com doesn't charge withdrawal fees
  • Forex.com does charge a fee for inactive accounts.
  • Forex.com doesn't charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How Forex.com Fees Compare Against Other Brokers

Broker Forex.com eToro IC Markets XTB
Min Deposit 100 200 200 0
Withdrawal Fees No Yes No varies
Inactivity Fees Yes Yes No No
Deposit Fees No No Varies No
CFD Commission Fees Yes No Yes Yes

Forex.com Rebates

If you are a serious and active trader, Forex.com offer the chance to earn cash rebates on the volume of Forex, commodity and Indice trades.

Be aware that these Forex.com cash rebates are for professional clients only and you have to trade a minimum of £25 million a month.

Forex.com Commodity, Indice and Forex trades are calculated according to the tiered payout level for each individual asset type, for example Commodities, Indices and Forex asset classes.

Cash rebates will be credited to your Forex.com account at the start of the subsequent month.

Monthly Volume

Commissions per USD million traded

Reduction Standard Commission

$0-$100M

$60

0%

$100M-$250M

$40

-33%

$250M-$500M

$35

-42%

$500M-$1B

$30

-50%

$1B-$2B

$25

-58%

$2B+

$20

-67%

Earn up to 67% reduction from standard commissions


As an added bonus Forex.com offers professional traders lower margins exempt from product restrictions and dedicated one on one support and with a highly trained market strategist.

All of this comes with protection from the Financial Ombudsman Service and the Financial Services Compensation Scheme.

Forex Market Spread Pricing with Forex.com

Currency Pair

Typical

As Low As

EUR/USD

0.3

0.1

GBP/USD

0.7

0.1

AUD/USD

0.3

0.1

USD/CAD

0.8

0.1

USD/JPY

0.2

0.1

NZD/USD

0.4

0.1

Forex.com review
Forex.com Minimum Deposit

Forex.com require a minimum desposit of 100 GBP/USD when opening an Forex.com trading account.

A minimum deposit is the minimum amount of money required by Forex.com to open a new online brokerage account with them.

Dont be scared off by brokers like Forex.com charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

Forex.com review
Forex.com Withdrawal Fees

Forex.com doesn't charge withdrawal fees.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

Forex.com for example allow you to withdraw your funds to to a verified PayPal account, and a bank account via a wire transfer. If in the UK with Forex.com you can withdraw to a PayPal and bank account. If in the USA with Forex.com you can withdraw your funds via electronic bank transfer, wire, check and eCheck. The Rest of the world you can withdraw via electronic bank transfer, wire, check and eCheck with Forex.com.

Forex.com review
Forex.com Inactivity Fees

Forex.com does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

Forex.com review
Forex.com Desposit Fees

Forex.com does not charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

Forex.com review
Forex.com Commission Fees

Forex.com does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

Forex.com review
What can you trade with Forex.com?

Be aware that Different entities under Forex.com Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with Forex.com over 4500 instruments infact.

If you are looking at trading currency pairs Forex.com offer over 80 currency pairs.

Compare Forex.com with eToro and IC Markets below.

73% of retail investor accounts lose money when trading CFDs with this provider

How Forex.com Trading Options Compare Against Other Brokers

Broker Forex.com eToro IC Markets XTB
Instruments Available 4500 100 232 1,500
Platforms MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 80 50 65 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies Yes Yes Yes Yes
Commodity CFDs        
Commodities Offered 12 0 19 21
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 4500 957 100 1696
UK Shares Yes Yes No Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes
Risk Warning Visit Forex.com
73% of retail investor accounts lose money when trading CFDs with this provider
Visit eToro
75% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Forex.com review
Trading on Forex.com web platforms and other applications

Forex.com are the only broker that offers FMA in the US. DMA ( Direct Market Access ) is also available in the rest of the world and Forex.com UK services.

There have been some major improvements on the mobile app including.

  • New dynamic trade ticket with key risk management info updated in real time, ability to set orders by price, pips, or P&L.
  • New advanced charts powered by TradingView with over 50 indicators, drawing tools, trading from the charts, and ability to save chart templates.

Forex.com offer a wide range of products including, indices, commodities, equities and cryptocurrencies. FOREX.com ROW EN have over 4,500 markets available to trade.

Forex.com now offer Trading View

Forex.com have over 50 technical indicators on all of the TradingView charts in proprietary platforms. Users can also set up indicators, drawing tools, preferences, etc. and save a template for future use.

All Forex.com proprietary platforms now offer TradingView charts for a seamless charting experience. Forex.com clients can connect to their account and trade from TradingView.com. Forex.com also offer a standalone version of the TradingView platform to demo and live users.

Forex.com Trading Analysis

Forex offer Advanced Charting by TradingView, Autochartist Market Analysis and Trade Ideas, Recognia, proprietary analysis by our global research team, Reuters News, Economic Calendary by FXStreet.

Forex.com is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

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
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection

Forex.com Trading Accounts Offered :

  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • STP 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

73% of retail investor accounts lose money when trading CFDs with this provider

Forex.com withdrawal and funding methods.

Please note that the list of payment methods below depend on the Forex.com Entity and the Clients Country of Residence.

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

  • Credit cards
  • Bank Transfer
  • PayPal
  • UK: PayPal, debit/credit card, bank transfer
  • US: Debit card, electronic bank transfer, wire, check, eCheck
  • Rest of the world: Debit card, electronic bank transfer, wire, check, eCheck
Broker Forex.com eToro IC Markets XTB
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No No No Yes
Neteller No Yes Yes 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.

73% of retail investor accounts lose money when trading CFDs with this provider

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 instruments.

Forex.com also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You can see all of the account features offered by Forex.com here.

Forex.com Leverage and Forex.com CFDs Explained

let's take a look at some of the basics of using Forex.com leverage.

Forex.com offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

Forex.com leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the Forex.com trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The Forex.com leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

Forex.com CFDs are typically used for short to medium term trades. For example Forex.com intraday trading.

Limiting Your Risk When Trading with Forex.com Negative Balance Protection

We should say something about negative balance protection with Forex.com. When trading using leverage an adverse move could result in losing more than your trading account balance at Forex.com. Your Forex.com account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.

Limit Risk When Trading with Forex.com Stop Loss, Forex.com Stop Limit Orders

A stop-loss order is an order placed with a broker like Forex.com to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at Forex.com

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

Forex.com Foundations of Forex Trading webinar series

Forex.com offer a Foundations of Forex Trading webinar series in association with Trade with Precision. You can sign up for it here.

Customer Support at Forex.com

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

Forex.com have a triple AAA grade support rating because they offer a wide range of languages, live chat, email and phone support.

Forex.com customer service support multiple languages from all over the world. Having a broker that can hire people from various locations in the world who can better communicate with you in your local language is a huge advantage well trying to deal with issues.

Livechat Support at Forex.com

We tested the Forex.com live chat and it works well. We sent messages to Forex.com livechat through their app and website and recieved a response within 3 minutes.

We tested communicating with Forex.com support in multiple languages in multiple countries. Forex.com where able to quickly resolve our customer issues.

Email Support at Forex.com

We sent several emails to Forex.com and answer times overall were excellent. The fastest response from Forex.com was less than 2 minutes and the slowest response was 3 hours. Support response times may vary for you with Forex.com, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from Forex.com.

Phone Support at Forex.com

We called Forex.com and the call was answered very quickly. The call was answered in less than 1 minutes.

The Forex.com phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual Forex.com team by calling in varying languages. Forex.com made an effort to make sure our queries were answered.

Overall great phone support from Forex.com.

See how Forex.com Support Compares Against Other Brokers

Broker Forex.com eToro IC Markets XTB
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, German, Spanish, French, and Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit Forex.com Visit eToro Visit IC Markets Visit XTB
Risk Warning 73% of retail investor accounts lose money when trading CFDs with this provider 75% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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

As Forex.com is regulated by Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) , 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:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Forex.com Brand may be different.

  • 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 3 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 the Forex.com trading platform 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.

Forex.com review
Watch this Forex.com Explainer Video

Forex.com review
Is Forex.com A Good Broker?

We spent over 3 months examining Forex.com in depth. Although Forex.com are not perfect we found many really useful aspects with the overall offering from Forex.com. Our personal experience of trading with Forex.com was very good. Weighing up many points Forex.com is a good broker.

  • Forex.com have a good track record of offering Forex, Indices, Commodities, Equities, Cryptocurrencies.
  • Forex.com has a history of over 21 years.
  • Forex.com has a reasonable sized customer support of at least 10.
  • Forex.com are regulated by Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) . This means Forex.com fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • Forex.com have regulation from a Tier 1 reputable country.
  • Forex.com has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • Forex.com have an international presence in multiple countries. This includes local Forex.com seminars and training.
  • Forex.com are able to hire people from various locations in the world who can better communicate in your local language.

Forex.com is the biggest meta trader provider in terms of number of servers. For several years Forex.com have had more servers than any other broker globally. Forex.com audited this claim in April 2019.

Forex.com Risk Disclaimer

73% of retail investor accounts lose money when trading CFDs with this provider

Forex.com review
Forex.com not quite right?

If after reading this Forex.com review, Forex.com does not fulfill your needs check out these Forex.com Alternatives.

Click here to view the best Forex.com Alternatives

We have spent years researching the best alternatives to Forex.com. Click the links below to learn more.

If you feel some of the above Forex.com are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of Forex.com alternatives below.

Forex.com review
Related Forex.com Vs Comparisons

We have covered allot in this Forex.com review, If you want to see how Forex.com compares side by side with other brokers check out our Forex.com Vs pages.

If you would like to see how Forex.com stands up against other brokers you can read some of our Forex.com comparisons below. We compare side by side some of our top rated Forex.com versus comparisons. Read our indepth Forex.com VS pages below.

Forex.com review
FOREX.COM Frequently Asked Questions

Can I try Forex.com before I buy?

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

What funding methods do Forex.com accept?

Please note that the list of payment methods below depend on the Forex.com Entity and the Clients Country of Residence.

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

73% of retail investor accounts lose money when trading CFDs with this provider

Is Forex.com safe?

Forex.com are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) . 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.

Is Forex.com trading good?

Forex.com is considered good and reputable to trade with. Forex.comForex.com is used by over Forex.com active traders. Forex.com offers Forex trading, Indices trading, Commodities trading, Equities trading, and Cryptocurrencies trading. Minimum deposit with Forex.com is 100.

Is Forex.com trading Legit?

Forex.com was founded in United States in 1999. Forex.com has been facilitating trade on the financial markets for over 21 years. Forex.com offers clients Forex trading, Indices trading, Commodities trading, Equities trading, and Cryptocurrencies trading. All funds deposited to Forex.com are held in segregated tier 1 bank accounts for security. Forex.com is regulated by Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) so can be considered legit.

Is Forex.com a good broker?

Forex.com is overseen by the top tier financial regulators Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) so can be considered a good broker. Forex.com allows Forex trading, Indices trading, Commodities trading, Equities trading, and Cryptocurrencies trading.

Is Forex.com trustworthy broker?

Forex.com can be considered trustworthy. All money funded to Forex.com is placed into a segregated tier 1 bank account. this means your money in not held by Forex.com directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Forex.com is regulated by Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) .

What is the minimum deposit for Forex.com?

The minimum deposit to trade with Forex.com is 100.

How long do Forex.com withdrawals take?

Withdrawing money from Forex.com processing time varies but averages 2-5 days.

Is Forex.com regulated?

Forex.com is regulated by Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) .

Is Forex.com a market maker?

Forex.com is a market maker. Stocks, currency and other commodities and instruments will be purchased by Forex.com even if no buyer is lined up.

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 (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) . 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.

Is Forex.com a con?

Forex.com is regulated and well established having been in business for over 21 years. Forex.com is definitely not a con.

Can you make money with Forex.com?

Although traders have had great success with Forex.com. Trading on the financial markets with Forex.com is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. 73% of retail investor accounts lose money when trading CFDs with this provider.

Does Forex.com have fees?

Forex.com doesn't charge withdrawal fees. Forex.com does charge a fee for inactive accounts. Forex.com doesn't charge deposit fees.

When was Forex.com founded?

Forex.com was founded in 1999.

How many people use Forex.com?

Forex.com is used by over 150000 registered traders.

What is Forex.com Headquarters country?

Forex.com has its head quarters office in United States.

Does Forex.com offer negative balance protection?

Forex.com offers negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does Forex.com offer guaranteed stop loss?

Forex.com offers guaranteed stop loss protection. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Forex.com allow scalping?

Forex.com offers scalping.

Does Forex.com allow hedging?

Forex.com offers hedging.

Does Forex.com offer CFD trading?

Forex.com offers CFD trading.

Does Forex.com offer STP?

Forex.com offers STP trading.

How many people use Forex.com?

Forex.com is used by over 150000 traders.

Is Forex.com an ECN broker?

Forex.com offers ECN trading.

Does Forex.com offer a demo account?

Forex.com offers a demo account.

Does Forex.com offer an Islamic account?

Forex.com offers a Islamic accounts.

What are the funding methods for Forex.com?

Forex.com accept the following funding methods : Credit cards, PayPal, Bank Transfer.

Forex.com review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Forex.com brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Forex.com review written by Mark Hansen of Comparebrokers.co