Established in 2001, FOREX.com is currently a wholly-owned subsidiary of StoneX Group Inc, a NASDAQ-listed company, and meets the highest standards of corporate governance, financial reporting and disclosure.
StoneX Group Inc. is a reputable company in the financial services industry. This provides Forex.com with a strong foundation for stability and security. Let’s explore this broker review for more information.
Forex.com broker review
Forex.com is an award-winning platform, is a well-regulated broker trusted by traders of all levels. Regulated by top-tier authorities like CFTC, NFA, and FCA, it prioritizes security and compliance.
Forex.com offers a variety of account types and platforms, including user-friendly mobile options and advanced tools like MetaTrader.
Additionally, educational resources like demo accounts, guides, and webinars help users explore their trading skills. Forex.com is a strong choice for those interested in forex trading.
Awards won by Forex.com
Regulations
Is forex.com legit? Yes, Forex.com is a legitimate broker. Forex.com is regulated by multiple financial authorities. The regulatory bodies and their country are given below.
| Country | Regulatory Authority |
|---|---|
| Canada | Canadian Investment Regulatory Organization (CIRO) |
| Cyprus | Cyprus Securities & Exchange Commission (CySEC) |
| USA | The National Futures Association (NFA) |
| USA | Commodities Futures Trading Commission (CFTC) |
| Cayman Islands | Cayman Islands Monetary Authority (CIMA) |
| UK | Financial Conduct Authority (FCA) |
Why trade with Forex.com?
The main reasons for trading with Forex.com are as follows.
How to open an account with Forex.com?
Opening an account with Forex.com is simple and easy and they are given below.
Forex.com platform review
Forex.com offers a variety of trading platforms, catering to different user preferences. The various platforms are given below.
Forex.com mobile apps
Forex.com web trader
Meta Trader 4 (MT4)
Meta Trader 5 (MT5)
TradingView
Forex.com reviews asset classes
A review of forex.com assets classes offers a variety of trading styles by offering a diverse range of tradable assets. Here is the division of main asset classes.
The products and services available to you at FOREX.com will depend on your location, and on which of its regulated entities holds your account.
Stock CFDs
Forex.com offers nearly 2,500 popular stocks like Netflix and Tesla, alongside major indices and commodities, for a truly diversified trading experience.
Forex
Trade over 80+ currency pairs with spreads as low as 0.0 pips on the RAW spread account. USD/RUB and EUR/RUB are currently unavailable for trading.
Indices
Explore the global markets with over 15 popular CFD indices from America, Europe, Asia, and Australia.
Cryptocurrencies
Trade Bitcoin, Ethereum, Litecoin, and more cryptocurrency CFDs.
Commodities
Trade metals, energies, and softs as CFDs without having to own the underlying asset.
Bullions
Invest in physical metals including gold, silver, and platinum.
Funding your Forex.com review account
Forex.com offers a convenient selection of deposit methods.
| Deposit method | Minimum deposit | Maximum deposit | Processing time |
|---|---|---|---|
| Bank Transfer | $100 | $10,000 | Instant |
| Wire Transfer | No minimum | No minimum | 1-5 business days |
| Debit Card (Visa/Mastercard) | $100 (or currency equivalent) | $10,000 | Instant |
Withdrawing your funds
Forex.com offers a convenient selection of withdrawal methods.
The withdrawal method, minimum and maximum withdrawal, processing time, and fees are given in the tabular column.
| Withdrawal method | Minimum withdrawal | Maximum withdrawal | Processing time | Fees |
|---|---|---|---|---|
| Bank Transfer | 100 | 25000 | 48 hours | No fees (bank fees may apply) |
| Debit Card | 100 | 25000 | 48 hours | No fees (bank fees may apply) |
| Wire Transfer | 100 | No Limit | 2-5 business days | $25 (US), $40 (International, except over $10,000) |
Account types of Forex.com
Forex.com offers a variety of account types to cater to different trading experience levels. They are given below.
The minimum deposit is $100. To enhance your trading experience and improve risk management, consider a deposit of $2,500 or more. Spread on the EUR/USD as low as 1.0 pips, GBP/USD spreads as low as 1.5 pips, and UK100 spreads as low as 1.0 pips.
Reference
| Account types | Spread-Only Account | MetaTrader account | Raw Pricing Account |
|---|---|---|---|
| Forex spread | Variable spreads as low as 0.8 | Variable spreads as low as 1.0 | Reduced spread (FX Majors as low as 0.0) |
| Platforms | Web, mobile, desktop, and Trading View | Web (MT5 only), mobile, desktop | Web, mobile, desktop, and MetaTrader 5 |
| Commission | None | None | $7 commission per 100k USD traded |
| Minimum deposit | $100 | $100 | $100 |
| Markets | Forex, Indices, Commodities, Cryptocurrencies, Stock CFDs, and ETFs | Forex, Indices, Commodities, Stock CFDs (MT5 only) | Forex, Indices, and Commodities. |
| Additional features | Integrated economic calendar, real-time news (Reuters), in-house research, performance analytics, and expert commentary | Research offerings, trading platform features, and Account management convenience | Enjoy all the benefits of our standard accounts, plus significantly tighter spreads. |
| Suitable for | Beginner | Intermediate to advanced trader | Advanced trader |
The other account types of Forex.com are corporate accounts and joint accounts.
Forex.com demo account
Forex.com fees and commissions
The fees and commissions of Forex.com are given below.
Trading costs
Forex spread
Reference
Deposit/withdrawal fees
Trading conditions
Other fees
Customer service
Forex.com offers several ways to get in touch with their customer support team available 24 hours a day, 5 days a week.
Conclusion
Forex.com is a versatile platform offering a variety of accounts, platforms, and assets to suit beginner, intermediate, and advanced traders. They have a variety of financial assets, user-friendly mobile and web platforms, and access to popular tools like MetaTrader (trading central). Competitive spreads and strong security features make them a solid choice.
However, it is important to consider your own trading experience and goals before opening an account. Take some time to research fees, trading conditions, and the assets you are interested in to ensure Forex.com aligns with your needs.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73%-77% 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. The products and services available to you at FOREX.com will depend on your location, and on which of its regulated entities holds your account.
Pro Tip
Ready to explore Forex.com? Open a demo account or start trading today! Discover a world of trading opportunities with our trusted forex broker. Explore forex, stocks, cryptocurrencies, and more. Expand your trading strategy today! Got a question or want to share your trading experience? Drop a comment below!
Frequently Asked Questions
1. Is forex.com safe?
Yes, Forex.com can be considered a safe forex broker due to its regulations, client segregation funds, and negative balance protection for retail clients.
2. What are cash rebates?
A cash rebate is a sum of money returned to a customer after a purchase. It is a marketing strategy used to incentivize sales and boost customer loyalty.
3. Do cash rebates usually have fees?
No, there is no direct fee associated with earning cash rebates in Forex.com
