Forex.com Rated 3/5

Forex.com Guide - Read our In Depth 2023 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.

Benefits of Trading with Forex.com

Forex.com Review 2023 Quick Summary
๐Ÿ’ฐ Min Deposit 100
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 200,000 Forex.com users and traders
๐Ÿ“† Founded 1999
๐ŸŒ HQ United States
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), Cyprus Securities & Exchange Commission (CySEC)
๐Ÿšซ Excluded Countries Forex.com is not available in the following countries : BE

Open Forex.com's Website

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.


learn more Learn more about IC Markets.
Losses can exceed deposits

What is Forex.com?

Forex.com are a worldwide financial trading platform and broker. founded in 1999

Over 24 years later Forex.com now serves over 200,000 retail investors Forex trading, Indices trading, Commodities trading, Equities trading, and Cryptocurrencies trading.

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

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this Forex.com review and assess how well the Forex.com platform functions in its role as an international multi asset trading platform for traders in 2023.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like Forex.com. Choosing or shortlisting a trading platform like Forex.com can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like Forex.com.

As a result, selecting the right trading platform like Forex.com requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like Forex.com available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like Forex.com requires thorough due diligence and careful consideration. Some Forex.com trading features can be complex when trading on mobile or using the Forex.com online trading platform. Beginners and inexperienced traders must take the time to learn how to use the Forex.com trading tools properly. 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.

Forex.com Review Screenshot

When it comes to online trading with brokers like Forex.com, carefully review Forex.com as your broker can make or break your success. Choosing the right broker is essential to ensure your Forex.com investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your Forex.com review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of Forex.com. You must also ensure the Forex.com broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, Forex.com needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with Forex.com into easily digestible information in this Forex.com review. We want to ensure you have all the knowledge necessary to use the Forex.com trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with Forex.com are the key to successful trading, so we've provided this detailed Forex.com review. So, take a seat, grab a cup of coffee, and dive in to learn about Forex.com and how it can benefit you or if Forex.com is not for you.

The fact that Forex.com has a Wikipedia page is a testament to its reputation and credibility in online trading. It's worth noting that Wikipedia content is highly moderated for accuracy, so having a page dedicated to Forex.com speaks to its legitimacy and significance.

Creating a Forex.com Wikipedia page is challenging, as it requires meeting strict criteria and providing accurate, verifiable information regarding Forex.com. Wikipedia must include reliable sources that support the Forex.com content on the page.

If you want to learn more about Forex.com and its history, its Wikipedia page is an excellent resource. You can find valuable information about the Forex.com founders, services, and industry reputation. Open the Forex.com Wikipedia page.

When trading financial assets like Forex trading, Indices trading, Commodities trading, Equities trading, and Cryptocurrencies trading with Forex.com, you should have confidence in Forex.com and know that the management of your financial investments on the Forex.com platform is in good hands.

We aim to provide you with all the information in this Forex.com review you need to determine if Forex.com is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to Forex.com, so you can make a more informed decision and compare other brokers against Forex.com.

If you want to look at some Forex.com alternatives that might better fit your needs, we list and compare some of the best Forex.com alternatives further down this Forex.com review.

Don't be fooled by the misconception that online trading is easy with Forex.com. It can be challenging and requires significant research and understanding of the Forex.com trading tools and features. You must know what you are doing when trading with Forex.com. That's why we've compiled this detailed Forex.com review with some important information that will hopefully make you more informed when online trading with Forex.com.

Forex.com Review Table of Contents

Forex.com review
Forex.com is a Multi-Assets Trading Platform with over 4500+ Assets

Learn more about Forex.com. Forex.com is a multi asset platform with 4500+ tradable Assets. Assets available on Forex.com include Forex, Indices, Commodities, Equities, Cryptocurrencies.

Forex.com trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex, Indices, Commodities, Equities, Cryptocurrencies are considered financial assets.

Features of Forex.com

Forex.com review
What you should know

Forex.com offer five ways to trade: Forex, Indices, Commodities, Equities, Cryptocurrencies. The assets and products available to you on the Forex.com trading platform depends on the region of the world, you are in and the Forex.com entity you have an account.

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.

Are Forex.com safe?

When considering Forex.com for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as Forex.com, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 1999, and in operation for 24 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), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), Cyprus Securities & Exchange Commission (CySEC) regulatory bodies.

Forex.com withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like Forex.com are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. Forex.com are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of Forex.com and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. Forex.com has a reputation for efficient and reliable fund transfers, and they take great care to ensure that your money is safe and secure. When you submit a withdrawal request, Forex.com will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like Forex.com, you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds. If Forex.com violate any regulatory rules their regulated status could be stripped.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.

Is my money safe with Forex.com?

All payments made to Forex.com by traders are securely held in a segregated bank account.

Forex.com uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should Forex.com use them?

Forex.com partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their Forex.com clients' funds.

Forex.com clients can have greater confidence in their financial security when working with a Tier 1 bank because Forex.com are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in Forex.com deposited in a Tier 1 bank?

Depositing funds with Forex.com ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if Forex.com were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that Forex.com is a secure and safe platform.

Please be aware that trading in financial assets with Forex.com carries a risk of loss. Forex.com trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex, Indices, Commodities, Equities, Cryptocurrencies due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

Forex.com emphasizes this risk on its platform and provides clear risk warnings - CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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. After answering some important questions about Forex.com, let's closely examine its features.

To better understand the Forex.com trading platform, you can create two separate accounts - one with real money and the other a Forex.com demo account. A Forex.com demo account provides a risk-free environment for experimenting with the Forex.com platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in Forex.com trading decisions.

Open a demo account Visit Forex.com

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.

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 IC Markets Roboforex eToro
Year Established 1999 2007 2009 2007
Head Office United States Australia Cyprus Cyprus, UK
Regulation Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), Cyprus Securities & Exchange Commission (CySEC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Used By 200,000+ Forex.com users 180,000+ IC Markets users 1,000,000+ Roboforex users 30,000,000+ eToro users
Negative balance protection Yes Yes No Yes
Guaranteed Stop Loss Yes No No No
Learn More Visit Forex.com Visit IC Markets Visit Roboforex Visit eToro
Risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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. Losses can exceed deposits Losses can exceed deposits 79% of retail investor accounts lose money when trading CFDs with this provider.

Forex.com review
Forex.com Pros and Cons

What we like about Forex.com

  • Used by over 200,000 Forex.com users and traders
  • Established in 1999
  • Regulated by Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), Cyprus Securities & Exchange Commission (CySEC)
  • Min. deposit from $100

What we don't like about Forex.com

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

Forex.com is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of Forex.com going into insolvency. Forex.com compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like Forex.com to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for Forex.com traders.

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

Is Forex.com Global?

Yes, Forex.com is global as Forex.com is available in over 194 countries.

Forex.com is a global trading platform that operates in 194 countries in the UK, Germany, Australia, South Africa, Thailand, the United States, and China. As per its Wikipedia page, Forex.com has more than 200,000 global users.

Forex.com review
Forex.com Awards

Forex.com have won numerious industry awards over the 24 years they have been operating as a financial broker. We have listed the most notable 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. learn more here. Forex.com USA wire transfers have a fee, unless over $10,000. learn more here. Please note your 3rd party bank or withdrawal method may charge additional fees for withdrawal transactions.
  • Forex.com does charge a fee for inactive accounts.
  • Forex.com doesn't charge deposit fees. Please note your 3rd party bank or deposit method may charge additional fees for deposit transactions.

Modern brokers like Forex.com provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Forex.com may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Forex.com trading profitability.

How Forex.com Varies for Withdrawal/Deposit Fees

Broker Forex.com IC Markets Roboforex eToro
Min Deposit 100 200 1 50
Withdrawal Fees No No Yes Yes
Inactivity Fees Yes No No Yes
Deposit Fees No Varies No No
CFD Commission Fees Yes Yes No Yes

Forex.com Rebates

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

Be aware that these Forex.com cash rebates are intended for professional clients, as you have to trade a minimum of ยฃ25 million a month.

Spread and commission reductions, daily trading account deposits, and monthly cash rewards are all available as rebate options on Forex.com to qualifying traders.

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 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 Minimum Deposit

Forex.com requires a minimum deposit of 100 GBP/USD/EUR 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.

Don't be scared off by brokers like Forex.com charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like Forex.com, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

Forex.com Withdrawal Fees

Forex.com doesn't charge withdrawal fees. learn more here. Forex.com USA wire transfers have a fee unless over $10,000. learn more here. Please note your 3rd party bank or withdrawal method may charge additional fees for withdrawal transactions.

Forex.com Withdrawal rules may vary across different brokers when it comes to transferring funds from your Forex.com or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with Forex.com may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the Forex.com withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Forex.com. Researching and comparing Forex.com withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Forex.com funds frequently or dealing with large sums of money. Awareness of these Forex.com fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Forex.com funds.

For example, Forex.com allows you to withdraw your funds via Bank Transfer, Credit cards, Debit cards, Electronic wallets (eWallets), PayPal, Cheques or Checks, eChecks, and Union Pay. If in the UK with Forex.com you can withdraw funds to a PayPal and bank account. If in the USA, Forex.com allows you to withdraw your funds via electronic bank transfer, wire, check and eCheck. In the rest of the world, you can withdraw via electronic bank transfer, wire, check and eCheck with Forex.com.

Forex.com Inactivity Fees

Forex.com does charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Forex.com terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all Forex.com fees and services. It's recommended that you check the Forex.com website before signing up. If you decide to close your Forex.com account, it's important to do so with the Forex.com broker customer support and obtain confirmation that no remaining Forex.com fees are due.

Brokers like Forex.com must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

Forex.com Deposit Fees

Forex.com does not charge deposit fees. Forex.com in the USA does have wire transfer fees unless transfers are over $10k, and other banks / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

Forex.com Commission Fees

Forex.com does charge commission on CFD instruments.

Brokerage firms like Forex.com may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Forex.com trading account level held by the trader.

Forex.com may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Forex.com terms and conditions to understand the commission fees and any other charges that may apply is essential.

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

It's essential to note that the trading instruments offered under the Forex.com brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the Forex.com trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

You can trade over 4500 instruments with Forex.com.

If you want to trade currency pairs on global Forex markets, Forex.com offer over 80 currency pairs.

Compare Forex.com with IC Markets and Roboforex below.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.

How Forex.com Trading Options Compare Against Other Brokers

Broker Forex.com IC Markets Roboforex eToro
Instruments Available 4500 2250 100 5000
Platforms MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 80 61 35 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies (availability subject to regulation) Yes Yes No Yes
Commodity CFDs        
Commodities Offered 12 20 21 31
Metals Yes Yes Yes Yes
Energies Yes Yes No Yes
Agricultural Yes Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 4500 2100 0 2042
UK Shares Yes Yes Yes Yes
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes
Risk Warning Visit Forex.com
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
79% of retail investor accounts lose money when trading CFDs with this provider.

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

Forex.com is a unique broker in the US market as it is the only one offering FMA. DMA or Direct Market Access is available in the rest of the world and also in the UK services of Forex.com.

Forex.com mobile app has undergone significant improvements, including a dynamic trade ticket with updated key risk management information in real-time, the ability to set orders by price, pips, or profit and loss, advanced charts powered by TradingView with over 50 indicators, drawing tools, trading from the charts, and the ability to save chart templates. Additionally, the app now offers push notifications.

  • Forex.com provides a broad range of products, including indices, commodities, equities, and cryptocurrencies. They have over 4,500 markets available for trading.

Forex.com TradingView Offering

Forex.com has integrated TradingView into its proprietary platforms, offering over 50 technical indicators on all charts. Users can also set up indicators, drawing tools, and preferences and save a template for future use. Forex.com proprietary platforms now offer TradingView charts for a seamless charting experience. Forex.com clients can connect to their accounts and trade from TradingView.com. Additionally, Forex.com offers a standalone version of the TradingView platform to demo and live users.

Forex.com Trading Analysis

Forex.com offers advanced charting by TradingView, Autochartist Market Analysis and Trade Ideas, Recognia, proprietary analysis by their global research team, Reuters News, and Economic Calendar 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 does not currently offer the MetaTrader 5 (MT5) trading platform in the US.

Forex.com also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See Forex.com's platforms

Is the Forex.com Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the Forex.com trading platform to protect you on PC and mobile Forex.com platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Forex.com web trading platforms.

Forex.com Trading Platform Options

After logging into your Forex.com account, you'll find a range of trading platform options available below.

  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
MT5 is not available in the US.

Forex.com does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.

Let's explore each of these trading platforms in detail and what options Forex.com gives you.

Forex.com review
Forex.com MetaTrader 4 (MT4)

Forex.com MetaTrader 4

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on Forex.com offers traders comprehensive features and tools to enhance their trading performance. The Forex.com MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the Forex.com platform to their needs. One of the standout features of MT4 is its charting functionality, which allows Forex.com traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give Forex.com traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 Forex.com trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. Forex.com allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.

You can start using the MetaTrader 4 platform with Forex.com in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. Forex.com MetaTrader 4 is compatible with the latest macOS. Forex.com allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on Forex.com

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade Forex.com MetaTrader 4 on iOS Devices

You can download the Forex.com app or trade with Forex.com through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. Forex.com customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade Forex.com MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and Forex.com offers its clients access to the MetaTrader 4 platform on these devices. With the Forex.com MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing Forex.com traders to stay on top of their trades and react quickly to changes in the market. With the Forex.com MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade Forex.com MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on Forex.com are a powerful bundle of three major indicators designed to help traders make informed decisions. Forex.com MT4 Trading Central indicators include:

  • Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
  • Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help Forex.com traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing Forex.com traders to potentially stay one step ahead.

Forex.com MetaTrader 4 Advanced Trading Tools

The Forex.com MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give Forex.com traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, Forex.com provides traders with everything they need to succeed. The Forex.com MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing Forex.com traders to analyze the market at any level of complexity.

Trade Forex.com MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

Forex.com MetaTrader 4 & MetaTrader 5 AutoChartist

Autochartist on the Forex.com platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for Forex.com MetaTrader 4 and MetaTrader 5 Autochartist can scan the market using an expert advisor script.

With Autochartist, Forex.com traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save Forex.com users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. Forex.com traders can navigate the platform and find the information they need to make informed trading decisions.

Forex.com Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for Forex.com traders of all experience levels.

Forex.com review
Forex.com MetaTrader 5 (MT5)

Forex.com MetaTrader 5

Forex.com MetaTrader 5 (MT5) is a multi-asset trading platform with an extensive range of trading features and financial research tools. Besides the ability to trade Forex and CFDs, Forex.com MT5 offers access to trade Futures, Stocks, Algorithmic Trading, ETFs, and Indices. MT5 was launched in 2010 and came with advanced charting tools, additional timeframes, and an updated version of MetaTrader 4.

MT5 on Forex.com provides the convenience of using automated trading systems and copy trading, giving Forex.com traders competitive research tools in the financial markets.

Forex.com does not currently offer the Metatrader 5 (MT5) trading platform in the US.

You can learn more about the MT5 Platform here. You can also learn more about the differences between MT5 and MT4 here.

Trade Forex.com MetaTrader 5 WebTrader

Access your Forex.com MetaTrader 5 accounts from any web browser. MT5 on Forex.com features a massive range of tools like additional timeframes and the most up-to-date technical indicators to give you all the trading resources you need to trade on and analyze the financial markets.

Forex.com review
Forex.com MT5 Buying and Selling

Forex.com MetaTrader 5 Buying and Selling

Forex.com MetaTrader 5 on iOS Devices

Forex.com MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. You should upgrade the iOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability. Forex.com MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.

Forex.com MetaTrader 5 on Android Devices

The Forex.com MetaTrader 5 trading platform is available on Android smartphones or tablets powered by the Android 5.0 or higher operating system. Additionally, to connect to the Forex.com trading server. Take the time to understand all of the Forex.com Android MetaTrader 5 features. With Forex.com MetaTrader 5 for Android, you can trade various financial instruments anytime, anywhere.

Forex.com Metatrader Mobile Application Features

MetaQuotes, the developers of Metatrader, have listened to the feedback of their millions of users and have built what has become one of the most popular mobile trading platforms in the world. MetaTrader features include :

  • Forex.com Financial instrument quotes
  • View in-depth price charts of financial instruments with Forex.com MetaTrader
  • Manage trades and open positions on Forex.com MT4 & MT5
  • View your Forex.com trading history
  • View market news
  • MetaTrader internal messaging on Forex.com
  • View and research market statics of Forex.com financial instruments
  • Forex.com Position opening and closing
  • Lookup symbols in the Forex.com MetaTrader quotes section
  • Display of deals on Forex.com graphs
  • Forex.com Timeframe selection for graphs and charts
  • Additional vertical scaling of Forex.com graphs
  • Capability to transfer Forex.com accounts to other devices using QR codes
  • Information is available only if it's supplied by Forex.com
  • Access the OTP generator through FaceID or fingerprint with Forex.com

Forex.com MetaTrader 5 Advanced Trading Tools

Forex.com MetaTrader 5 has many advanced trading tools for more advanced users. Understanding these tools can give you a competitive edge.

  • Forex.com MT5 Depth of market bids and asks
  • Financial Price Data on Forex.com
  • Margin Calculation, Futures, Forex on Forex.com
  • Advanced Techincal Analysis on Forex.com MT5
  • One click trading on Forex.com MT5
  • Forex.com Spreads
  • Forex.com Futures
  • Forex.com Trading Reports

Forex.com Trading benefits

  • Forex.com Allows scalping
  • Forex.com Allows hedging
  • Forex.com Offers STP
  • Forex.com Low min deposit
  • Forex.com Guaranteed stop loss
  • Forex.com Offers Negative Balance Protection

Forex.com Trading Accounts Offered

Below we give an overview of the account types that Forex.com offer. Whatever you are looking to trade, the varying Forex.com account types will be able to provide you with what you need.

  • Forex.com Demo account
  • Forex.com Mini account
  • Forex.com Standard account
  • Forex.com ECN account
  • Forex.com STP account
  • Forex.com Islamic account

Can I try Forex.com?

Forex.com provides a demo account that enables individuals to explore trading before investing their funds. By creating a Forex.com practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Forex.com demo account can help individuals to make informed decisions before investing their money.

Open a demo Forex.com account to practice and trade.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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 withdrawal and funding methods

It's essential to remember that the payment methods provided by Forex.com vary based on the Forex.com entity and the Forex.com client's country of residence. To view the Forex.com payment options available, you can log into your Forex.com member's area.

Forex.com offers various funding payment methods listed in your Forex.com dashboard if available in your region. To learn more about the Forex.com funding and withdrawal options available in your area, you can explore the Forex.com website.

Forex.com provides several payment methods for funding your Forex.com account. You may utilize any of these deposit options if they are available in your region. Forex.com ensures that users have multiple payment methods to choose from, making it more convenient for verified Forex.com account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the Forex.com user's location. learn more about Forex.com funding and withdrawal methods.

Forex.com Payment Methods

Some Forex.com payment methods are local and are available only to specific regions. Forex.com account holders should check which payment methods are provided in your region.
  • Forex.com accepts Bank Transfer
  • Forex.com accepts Credit cards
  • Forex.com accepts Debit cards
  • Forex.com accepts Electronic wallets (eWallets)
  • Forex.com accepts PayPal
  • Forex.com accepts Cheques or Checks
  • Forex.com accepts eChecks
  • Forex.com accepts Union Pay
Broker Forex.com IC Markets Roboforex eToro
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes No Yes
Skrill No Yes Yes Yes
Payoneer No No Yes No
Neteller No Yes Yes Yes

*please note available Forex.com and other broker payment methods depend on the clients country of residence.

How can I start trading with Forex.com?

To open a trading account with Forex.com, individuals can sign up on the Forex.com website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for Forex.com account validation and making a deposit. Once completed, Forex.com users can download the trading platform of their choice.

It's important to note that Forex.com requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Forex.com maintain a trustworthy financial environment for its 200,000 users. Detailed information on the Forex.com trading platforms is available on their website.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.

Performing trades with Forex.com

The trading platform, Forex.com, provides users various options regarding the minimum and maximum trade requirements. These requirements are determined based on the specific instrument being traded and the preferences of the individual trader. This flexibility allows traders to tailor their trading experience to their unique needs and investment goals. With the ECN and STP execution methods offered by the platform, traders using Forex.com can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades.

Like other brokers, Forex.com margin requirements can differ depending on the traded instrument.

Forex.com offers traders several risk management tools and features, such as Technical analysis, Fundamental analysis, Diversification of portfolio, Negative Balance Protection, Stop losses (with trailing stop loss orders), Position sizing techniques, Price alerts, Position sizing techniques, Limit orders, Hedging strategies, amonst others. You can learn more about Forex.com, and see all of the Forex.com account features on the official Forex.com website.

CFD Trading on Forex.com

We will show you an example of the basics of using Forex.com leverage.

CFD trading on Forex.com allows traders to speculate on the price movements of various financial instruments against the broker Forex.com, without actually owning real assets. With CFDs, Forex.com traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

Forex.com provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, Forex.com leverage profits and losses are magnified when trading. For instance, using CFDs, you use the Forex.com trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, Forex.com leverage magnifies both profits and losses in trading.

Trading CFD trades on the Forex.com platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced Forex.com traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.

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

Negative balance protection is important for traders using leverage on platforms like Forex.com. In an unfavourable market move, leverage can result in a loss that exceeds the trader's account balance, leaving them with a negative account balance. If a Forex.com trading position does not go in your favour, this is where negative balance protection comes in handy.

Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, Forex.com trading losses are always limited to the current balance of funds in the trader's account.

Even if an Forex.com trader experiences a significant loss, they will never owe more money than what is available in their Forex.com account balance.

It's important for Forex.com traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that Forex.com losses are limited to the funds available in your Forex.com account when negative balance protection is in place.

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

Stop-loss orders are a popular risk management tool traders use on platforms such as Forex.com . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.

Stop-loss orders are especially important for Forex.com traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an Forex.com trader should use a stop-loss order can vary depending on the specific trade and market conditions.

Overall, stop-loss orders can provide Forex.com traders with an effective way to manage risk and protect their investments in volatile markets.

Education Resources at Forex.com

To trade effectively with Forex.com, it's important to have a good understanding of the Forex.com trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with Forex.com and externally.

Forex.com . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Forex.com. Familiarizing yourself with the Forex.com trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using Forex.com. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with Forex.com involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like Forex.com, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with Forex.com. Explore the Forex.com platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Forex.com, before live trading.

Forex.com Foundations of Forex Trading webinar series

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

Customer Support at Forex.com

As part of our Forex.com review, we review customer service options, response times and problem resolution effectiveness on the Forex.com trading platform. The Forex.com trading platform supports multiple languages, which includes English, Chinese, Arabic.

Forex.com has a triple AAA grade support and customer service rating because they offer various range of languages, live chat, and email support.

Forex.com customer service supports multiple languages from all over the world. Having a broker that can hire people from various locations worldwide who can better communicate with you in your local language is a huge advantage when dealing with issues.

Your customer service experience with Forex.com has to be positive for you to effectively trade the financial markets on the Forex.com platform. Forex.com should answer all of your questions and your Forex.com platform issues are solved. When an Forex.com customer has any queries regarding Forex.com, the Forex.com customer support team should take these issues seriously and offer a quick and effective solution. Forex.com has a great client support team, so we have rated their customer service highly.

Livechat Support at Forex.com

We experienced fast and responsive support from Forex.com

At Forex.com, customer support is a top priority. We put their live chat to the test, reaching out through both their app and website. We were pleasantly surprised to receive a response within three minutes. Don't take our word for it. Test the chat service yourself. A responsive chat service from Forex.com should be a positive support experience for all Forex.com users, saving you from waiting days for an email response.

We also tested communicating with Forex.com support in various languages and countries. The Forex.com help centre quickly resolved our customer issues.

Email Support at Forex.com

As part of our review process, we wanted to test the email support offered by Forex.com. We sent 25 emails at different times and were impressed with the response times. We received the fastest response in less than 2 minutes, and the slowest response was 3 hours. While your experience may vary, our testing shows Forex.com has excellent email support overall.

The support team quickly and efficiently resolved all of our queries. Overall, we were very satisfied with the email support provided by Forex.com. If you're looking for a broker with reliable email support, Forex.com is worth considering.

Phone Support at Forex.com

Our experience with Forex.com phone support was positive. When we called, the team answered our call promptly, in less than a minute.

During the call, we tested the multilingual Forex.com team by speaking in different languages, and they made an effort to answer our queries in each language.

The phone support team successfully resolved our questions and issues over the phone. Overall, we found the phone support from Forex.com good.

See how Forex.com Support Compares Against Other Brokers

Broker Forex.com IC Markets Roboforex eToro
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, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian
Learn More Visit Forex.com Visit IC Markets Visit Roboforex Visit eToro
Risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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. Losses can exceed deposits Losses can exceed deposits 79% of retail investor accounts lose money when trading CFDs with this provider.

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

As Forex.com is regulated by Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), and Cyprus Securities & Exchange Commission (CySEC).

As a new client of Forex.com, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Forex.com in your region. During the Forex.com account opening process, you will be asked to provide Forex.com with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with Forex.com have the following documents available.

  • Forex.com require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for Forex.com compliance. This must be dated within the last six months.
  • If you plan to fund your Forex.com account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the Forex.com platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under Forex.com Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring Forex.com's platform.

However, remember that you won't be able to make trades on Forex.com until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the Forex.com KYC compliance process as soon as possible to avoid any delays in accessing the Forex.com platform's features.

It is important to note that Forex.com may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Forex.com platform and features immediately. However, you must pass the verification process to start live trading with Forex.com, which can take up to a few business days.

To start the process of opening an account with Forex.com you can visit the Forex.com trading platform here.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested 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 investment advice. All information collected from http://www.forex.com on March 27, 2023.

Watch this Forex.com Explainer Video

Is Forex.com A Good Broker?

We have spent over 5 years examining Forex.com in depth. Although we found some very useful aspects of the Forex.com platform that would be useful to some traders. We feel that a alternative to Forex.com may better suit you.

  • Forex.com have a good track record of offering Forex, Indices, Commodities, Equities, Cryptocurrencies.
  • Forex.com has a history of over 24 years.
  • Forex.com has a reasonable sized customer support of at least 10.
  • Forex.com are regulated by the Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), Cyprus Securities & Exchange Commission (CySEC). Forex.com is subject to strict regulatory oversight from its respective jurisdiction, which holds Forex.com (the broker) accountable for misconduct. This regulatory framework helps ensure that Forex.com operates fairly and transparently and provides Forex.com customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and Forex.com.
  • Forex.com have regulation from reputable regulators.
  • One of the advantages of using Forex.com is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from Forex.com are particularly important as Forex.com traders want to receive their money quickly. With the efficient Forex.com payment processing system, traders can enjoy faster access to their Forex.com funds.
  • Forex.com have an international presence in multiple countries. Including local Forex.com seminars and training.
  • Forex.com can hire people from various locations in the world who can better communicate in your local language.

Forex.com is the biggest MetaTrader provider in terms of the number of servers. Forex.com has had more servers than any other broker globally for several years. Forex.com audited this claim in April 2019.

Forex.com Risk Disclosure

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

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.

After extensive research over several years, we have compiled a list of the most effective Forex.com alternatives available today. If you are unsatisfied with Forex.com or want to explore other options, we recommend checking out our carefully curated list of highly-rated Forex.com alternatives. Follow the links below to learn more about these Forex.com broker alternatives and choose the one that best suits your trading needs.

Related Forex.com Vs Comparisons

Throughout our comprehensive Forex.com review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing Forex.com against other popular brokers in the industry, check out our Forex.com Vs pages. Our team has compiled a series of detailed Forex.com comparison articles, pitting the Forex.com platform against some of the best-rated Forex.com competitors in the market. Dive into our informative Forex.com Vs pages below to find out how Forex.com stacks up against other leading brokers.

Forex.com review
FOREX.COM Frequently Asked Questions

Read our detailed Forex.com FAQ Section updated for 2023.

Can I try Forex.com?

Forex.com offer a demo account so you can try the Forex.com platform with virtual trading before you put down a payment. Virtual trading with Forex.com is zero risk. Learn more here

What funding methods do Forex.com accept?

Please note that the list of payment methods below depends on the Forex.com Entity and the client's Country of Residence.

Forex.com offer the following funding payment methods Bank Transfer, Credit cards, Debit cards, Electronic wallets (eWallets), PayPal, Cheques or Checks, eChecks, Union Pay, among other payment methods.
Learn more here

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.

Is Forex.com safe?

Forex.com have over 200,000 users. Forex.com are considered reliable as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), Cyprus Securities & Exchange Commission (CySEC). 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 bank's financial health and strength.Trading with Forex.com is risky, and because the market is so volatile, losses could happen at any time.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.

Is Forex.com trading good?

Forex.com is considered good and reputable to trade with Forex.com. Forex.com is used by over 200,000 traders and Forex.com users. 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 24 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 bank accounts for security. Forex.com is regulated by Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), Cyprus Securities & Exchange Commission (CySEC) so can be considered legit.

Is Forex.com a good broker?

Forex.com allows Forex trading, Indices trading, Commodities trading, Equities trading, and Cryptocurrencies trading. Forex.com is overseen by the top tier financial regulators Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), Cyprus Securities & Exchange Commission (CySEC) so can be considered a good broker.

Is Forex.com trustworthy broker?

Forex.com is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to Forex.com, money is in a segregated bank account that is separate from Forex.com company's funds. As a regulated broker, Forex.com cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by Forex.com. Instead, your Forex.com funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with Forex.com. Also Forex.com is regulated in its local jurisdictions including major financial regulators like Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), Cyprus Securities & Exchange Commission (CySEC).

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 depending on the method but averages 1-5 days.

Is Forex.com regulated?

Forex.com is regulated by the Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), Cyprus Securities & Exchange Commission (CySEC). Regulatory bodies conduct regular reviews and audits as part of Forex.com maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is Forex.com a market maker?

Forex.com is a market maker. Stocks, currency and other commodities and instruments will be brought or sold by Forex.com even if no buyer or seller 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. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on Forex.com trading platforms, you can follow the link provided below: Learn more about signing up with the Forex.com trading platform here. This will provide useful information and insights into the various trading platforms offered by Forex.com, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with Forex.com?

Yes your money is safe with Forex.com.

Overall, strict financial regulation is essential for ensuring that trading platforms like Forex.com operate fairly, transparently, and responsibly, which ultimately benefits all Forex.com stakeholders involved.

Trading platforms like Forex.com must have strict financial regulation for several reasons:

  • Protecting Forex.com Investors: Strict financial regulation ensures that investors who use the Forex.com trading platform are protected against fraudulent or unethical behavior by the Forex.com platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the Forex.com platform.
  • Maintaining Forex.com Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the Forex.com trading platform. Regulatory procedures reduce the likelihood of the Forex.com platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing Forex.com Transparency: Regulations require trading platforms like Forex.com to maintain detailed records and disclose Forex.com client information. Financial regulatory requirements enhances transparency and helps to build trust between the Forex.com platform and its investors.

Forex.com is regulated by the Financial Conduct Authority (FCA), The Australian Securities and Investments Commission (ASIC), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA), Commodities Futures Trading Commission (CFTC), The Monetary Authority of Singapore (MAS), Financial Services Agency (FSA), The Securities and Futures Commission (SFC), Cyprus Securities & Exchange Commission (CySEC). When selecting a broker such as Forex.com, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, Forex.com ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like Forex.com.

Is Forex.com a con?

Forex.com is regulated and well established, having been in business for over 24 years. Forex.com is 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.

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. Forex.com in the USA does have wire transfer fees unless transfers are over $10k and other banks / 3rd party merchant fees may apply.

When was Forex.com founded?

Forex.com was founded in 1999.

How many people use Forex.com?

Forex.com is used by over 200,000 registered Forex.com users.

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, 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, the risk is managed. Traders are guaranteed 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 200000 Forex.com users and 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 an Islamic account.

What are the funding methods for Forex.com?

Please note that funding methods and options available with Forex.com can be found in the Forex.com Members area and depend on the Forex.com clientโ€™s country of residence. Please check your specific available payment methods on the Forex.com website. Forex.com accept the following funding methods : Bank Transfer, Credit cards, Debit cards, Electronic wallets (eWallets), PayPal, Cheques or Checks, eChecks, Union Pay.

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 editors, 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 of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, 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