FOREX.com Review
4.5/5

FOREX.com Review

✅ Over 4,500 trading instruments
✅ Regulated by Six Different Governing Bodies
✅ Extensive educational content
✅ Transparent

Home » FOREX.com Review
OverallCommissions & FeesLicensing & SafetyPlatforms & Tools
Points90879391
*To test the broker, we used our unique and detailed methodology, which assesses over 200 criteria points in 10 key areas.

OverviewFees and commissionsSafetyOpening an accountAccount typesTrading PlatformsMarkets and productsResearch toolsEducation and trainingCustomer supportOur verdict

review

Our FOREX.com review team has carefully researched and evaluated the broker to confirm that it is highly reputable and well-regulated. FOREX.com is authorized by six different governing bodies and offers more than 4,500 instruments for trading. Since 2001, FOREX.com has been providing market access to clients around the world. This outstanding broker offers proprietary platforms and MetaTrader 5, as well as account types for all trading styles.

  • Pro Delivers over 80 forex pairs and thousands of shares
  • Pro Licensed and regulated by CIMA, FCA, FSA, CFTC, IIROC, and ASIC
  • Pro Best broker for education, regardless of experience level
  • Con Certain traders feel share CFD fees may be high

overall scores

In this review, you can find all the information you need to decide whether FOREX.com is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how FOREX.com scored in each of our high-priority categories.


Our experts have reviewed FOREX.com’s fees based on how they compare with the fees of other reviewed brokers. For each broker, we analyze both trading fees and non-trading fees:
– Trading fees are charged every time you place a trade. They include spreads, commissions, overnight and rollover fees, and currency conversion fees.
– Non-trading fees aren’t directly related to trading, but you should consider them as they make up the cost of using a certain broker. They include payment fees and inactivity fees.
Below you will find a snapshot of the fees charged at FOREX.com. Our experts have created these tables based on the fees applied to a Standard Account. We consider a Standard Account to be the one that will appeal to most traders, often not the cheapest option but not a premium option either.

Trading Fees*

TYPE OF FEECOST
Minimum Spread EURUSD (pips)0.8
Commission (%)0%
Commission on Islamic Accounts (%)0%
*Based on Standard account type.

Non-Trading Fees

Account FeeN
Inactivity FeesY
Deposit FeesN
Withdrawal FeesY

FOREX.com trading fees

The trading fees that you pay with FOREX.com will depend on your account type. Standard Accounts only pay spreads, while Commission accounts have tighter spreads but also pay commissions.

The following are sample spreads forex pairs in Standard Accounts:

  • EUR/USD: From 0.8 pip, 1.3 typical
  • EUR/GBP: From 1 pip, 2.3 typical
  • AUD/USD: From 0.8 pips, 1.8 typical
  • EUR/JPY: From 1.6 pips, 2.4 typical
  • USD/JPY: From 0.8 pips, 1.4 typical
  • NZD/USD: From 2.3 pips, 3.8 typical

Trading with a Commission Account can lower spreads significantly, with EUR/USD from 0.2 pips. Those with high trading volumes who opt for a Direct Market Access (DMA) account pay no spreads from FOREX.com. As you review FOREX.com spreads for oil, you will notice that they start from 5 pips. Trading on UK shares can be from just 1 pip. Spreads on gold start at just $0.35 (USD).

The following are typical spreads for indices on FOREX.com:

  • Australia 200: 6.0
  • China 50: 12.0
  • France 40: 1.9
  • UK 100: 6.0
  • US SP 500: 0.6

Consider the following typical spreads for spot and future commodities:

  • UK Crude Oil: 5 (Fixed)
  • US Crude Oil: 0.04 (Variable around market spread)
  • Coffee: 0.9 (Fixed)
  • NY Cocoa: 8 (Fixed)
  • Corn: 1 (Variable around market spread)

The following are the typical FOREX.com spreads for cryptocurrencies*:

  • Bitcoin (USD): 35.0
  • Bitcoin Cash (USD): 2.0
  • Ripple (USD): 60.0
  • Bitcoin (GBP): 45.0
  • Bitcoin (EUR): 55.0

*Availability subject to regulations

In addition to the varying price structures based on account types, FOREX.com also offers an Active Trader program. You can qualify if you have at least $10,000 in your account, or trade at least $25 million within a calendar month. You’ll be rewarded with lucrative cash rebates that reduce your trading costs by as much as 15%, as well as other benefits.

FOREX.com commissions

Commissions apply to those with Commission Accounts from FOREX.com. If you use one, note that there is a commission of $5 per 100k traded. Commissions on DMA accounts depend on your monthly trade volume, with a standard commission of $60 per million (USD) traded. You can get a significant discount of up to 67% on this commission with higher trading volumes.

Financing/overnight rates

Our experts appreciated the fact that you can easily review FOREX.com’s rollover rates directly on any of the trading platforms. While newer investors may think it would be nice if the broker listed them on its website as well, it is standard practice to solely list them on the platforms, as most competitors do. You can, however, view the rollover rates for all of the forex pairs directly on the website by visiting the Rollover Rates section of the Pricing and Fees page. The following examples will give you an idea of what to expect:

  • AUD/USD: -1 long, -0.84 short
  • USD/JPY: -0.31 long, -0.75 short
  • EUR/GBP: -1.25 long, -0.19 short
  • EUR/USD: -1.35 long, -0.36 short
  • USD/CHF: -0.06 long, -1.54 shortG

Non-trading fees

You will not pay any fees for deposits made to FOREX.com, however, you may be charged by your payment provider. There are no fees for most withdrawal methods, except for wire transfers. Within the United States, there is a $25 fee, which increases to $40 for other locations. The fee is waived if you withdraw more than $10,000. It is also waived if you are an Active Trader.


You should also keep in mind that FOREX.com charges an inactivity fee yet it is competitive at $15 per month or your local currency equivalent. Moreover, this fee only comes into effect if your account has no open positions or trading activity for a full 12 months or more. This is several times the period of inactivity required by many competitors, making it much less likely that you will have to pay the fee.


FOREX.com safety

The safety of your funds is never a concern when trading with FOREX.com, as this broker offers superb regulation and segregation of client funds. In addition, its parent company is publicly listed. Once you factor in the broker’s long history and strong reputation, it’s easy to see why so many experienced traders trust FOREX.com.


Pros
  • Regulated by six regulatory bodies
  • The parent company is publicly listed
  • Segregated client funds
Cons
  • The compensation scheme could be clearer

FOREX.com licenses and regulation

Our review of FOREX.com found that this broker has some of the best regulation among the competitors, due to its regulation in many jurisdictions. FOREX.com has the GAIN Global Markets Inc. trading name, and is overseen by the following authorities:

  • GAIN Global Markets Inc. is regulated and authorized by the Cayman Islands Monetary Authority (CIMA) as part of the Securities Investment Business Law of the Cayman Islands with license number 25033.
  • Additional regulation of FOREX.com affiliates, specifically GAIN Capital UK Limited, includes the Financial Conduct Authority (FCA) in the UK with license number 113942.
  • The Financial Services Authority (FSA) regulates FOREX.com in Japan as GAIN Capital Japan Co., Ltd.
  • In the United States, the Commodities Futures Trading Commission (CFTC) regulates GAIN Capital Group LLC (dba FOREX.com), which is also a member of the National Futures Association (NFA).
  • In Canada, the Investment Industry Regulatory Organization of Canada (IIROC) provides regulation and authorization for GAIN Capital – FOREX.com Canada Limited.
  • GAIN Capital Australia Pty Ltd. Is regulated via ASIC (Australian Services and Investments Commission).

Is FOREX.com safe?

Our review methodology considers several factors to ensure that all of our recommended brokers are safe and reputable. Alongside the number and strength of licenses, we also consider:

  • What protection and/or insurance FOREX.com offers should something go wrong
  • com’s reputation, history, and management

FOREX.com client protection

Unfortunately, FOREX.com does not explicitly outline the various client protection schemes that are in place. However, the following seems to apply based on the broker’s regulation.

Client Protection

CountryLegal EntityProtected Up ToRegulators
RegulatorsGAIN Capital UK Limited£85,000FCA
AustraliaGAIN Capital Australia Pty Ltd.No ProtectionASIC
AmericanGAIN Capital Group LLCNo ProtectionNFA and CFTC
CanadaGAIN Capital – FOREX.com Canada Limited$1,000,000IIROC
JapanGAIN Capital Japan Co. LtdNo ProtectionFSA
Rest of WorldGAIN Global Markets Inc.No ProtectionCIMA

Interestingly, FOREX.com does not offer negative balance protection. As such, it is wise to avoid your account going into the negative when trading with FOREX.com.

FOREX.com background and reputation

In addition to its strong regulatory structure, FOREX.com provides many other reasons to trust the broker. Our FOREX.com review team appreciated that the broker lists up-to-date key financial data – including the most recent completed quarter – in the About Us section. Here, you can find information such as the total assets, total customer equity, available cash and liquidity, and minimum regulatory capital requirements. Additionally, GAIN Capital Holdings, Inc. lists its annual and quarterly financial statements on its Investor Relations website. Overall, this means you’ll experience a very high level of transparency.


You can gain further peace of mind from the fact that GAIN Capital Holdings, Inc. is publicly listed (NYSE: GCAP). As such, it must meet the strictest standards for disclosure, financial reporting, and corporate governance.
FOREX.com also ensures client funds are fully segregated from the company’s funds, and held in top-tier banks in separate accounts. FOREX.com funds are never used for proprietary trading, only hedging.


For even more peace of mind, FOREX.com fully complies with all anti-terrorism and anti-money laundering laws and regulations. This includes reviewing account usage for any suspicious activities that may indicate money laundering.
Among the many reasons our FOREX.com review team trusts this broker is that it has been in business since 2001, indicating that it has survived a range of challenging economic struggles yet managed to persevere. During that time, the broker has not faced any major scandals. This means that even when faced with a tough situation, you can rely on FOREX.com to treat its clients in the right way.


Opening an account with FOREX.com

Opening an account with FOREX.com is fast and straightforward. You can complete the entire process online, and the minimum deposit is highly accessible at just $100. Our reviewers were happy to find that registration can be done from all devices, and there was no unexpected documentation required.


Is FOREX.com available in your country?

FOREX.com appears to be available in nearly every country around the world. The broker does not offer a list of countries where it is not available. However, FOREX.com has gone out of its way to ensure it is available in commonly excluded countries such as the United States, Canada, and Japan.

Certain instruments may be restricted in your country, however. For example, Contracts for Difference are not offered to United States residents.

How to open an account at FOREX.com

To open an account with FOREX.com, just follow these steps. The application form takes less than five minutes in most cases.

If you begin your application but can’t finish it, FOREX.com conveniently lets you save it and come back to the form later.

What you will need to open an account

To avoid problems, keep in mind that FOREX.com will need the following information and documents from you.

  • Personal information – You will need to provide FOREX.com with your first and last name, date of birth, address, and tax number ID. You may also need to verify the source of your funds.
  • Regulatory information – For regulatory reasons and as part of the Customer Due Diligence program, FOREX.com needs to verify your fund source. This may include requesting a card or bank account statement. As part of regulatory obligations, you may need to provide additional documentation at any time.
  • Documentation – You will need to submit one document to verify your identity and one to verify your address. The identity verification document can include a passport, driver’s license, or national ID card. Your proof of residence has to show your address and name. It can include a registration certificate from a local government, a council tax bill, a bank or card statement, a utility bill, or a driver’s license. The license and utility bills are only accepted if they are from within the past six months. The documents do not need to be in English.

To open an account with FOREX.com, you’ll need to provide proof of your identity and address. This process allows FOREX.com to meet KYC (Know Your Customer) guidelines. KYC guidelines keep you safe and stop the broker from accidentally facilitating illegal practices, such as money laundering.

What is the minimum deposit at FOREX.com?

The minimum deposit at FOREX.com is highly accessible, as our forex broker review team found that it is just $100, or 100 units of your base currency. However, FOREX.com suggests a deposit of at least $1,000.

FOREX.com payment methods

You can review FOREX.com payment methods in the following table. The broker offers multiple payment methods and supports seven base currencies; EUR, GBP, USD, AUD, CAD, CHF, JPY. Remember that the fee for withdrawing via wire transfer is waived if you withdraw at least $10,000, or are classed as an Active Trader. For regulatory and anti-money laundering reasons, the name on your FOREX.com account must match the name on your payment method.

Payment Methods

METHODDEPOSITING TIMEACCEPTED CURRENCIESDEPOSITING FEEMAX. DEPOSITWITHDRAWALWITHDRAWAL TIMEMINIMUM WITHDRAWALWITHDRAWAL FEE
Credit or debit cardInstantUSD, EUR, CAD, JPY, CHF, AUD, GBPN/AYUp to 24 hours$100N/A
Wire transferUp to 1 to 2 business daysUSD, EUR, CAD, JPY, CHF, AUD, GBPN/AYUp to 48 hours$100$15 or $40 for US or international accounts, respectively
Bank transferTypically immediateUSDN/AYUp to 24 hours$100N/A
PayPalTypically immediateEUR, GBP, USDN/AYUp to 48 hours$100N/A
Personal or business checks*Up to 5 to 10 business days from receiptUSDN/AN
*Note that FOREX.com does not always offer personal and business checks as a deposit option. To see whether this option is currently available, check the deposit section of your account.

FOREX.com account types

Our review of FOREX.com forex broker points out that this broker offers three main account types, as well as an Active Trader program. This gives you the chance to choose an account based on your preferred pricing structure. The Active Trader program not only provides cash rebates on trading costs but also reimburses wire transfer bank fees and provides one-on-one market strategist support. It requires $10,000 in your account or $25 million of trade volume in a calendar month.


Account Types

STANDARDCOMMISSIONDIRECT MARKET ACCESS (DMA)
Minimum Deposit$100$100$25,000 (Recommended)
Max Leverage400:1400:1400:1
Minimum Order Size0.010.01100k
SpreadsEUR/USD from 0.8EUR/USD from 0.20
CommissionN/A$5 per Standard Lot (100k)$20 – $60 per USD Million Traded
Available Instrument TypesForex, Shares, Cryptos*, Commodities, Metals, IndicesForex, Shares, Cryptos*, Commodities, Metals, IndicesForex, Shares, Cryptos*, Commodities, Metals, Indices
Available Instruments4,500+4,500+4,500+
Trading PlatformsAdvanced Trading, Web Trading, Mobile Trading, MT5Advanced Trading, Web Trading, Mobile TradingAdvanced Trading, Web Trading, Mobile Trading
Automated TradingYYY
Execution TypeMarket MakerMarket MakerDirect Market Access (DMA)
*Availability subject to regulations.

Demo accounts

You can review FOREX.com’s platforms yourself before trading by opening a demo account. You can only open a Standard demo account, but this gives you the ability to practice trading strategies and gain familiarity with the various FOREX.com platforms.
Keep in mind that your demo account will only last for 30 days. Currently, FOREX.com does not offer the ability to renew your demo account. You can only have one demo account for each platform type (meaning one for MetaTrader and one for FOREX.com proprietary platforms) per email address and account.

Islamic accounts

FOREX.com does offer Islamic accounts, but the broker offers no details on these accounts. They are also only available in “certain circumstances.” To open a swap-free account, you must contact FOREX.com.


FOREX.com trading platforms

Our FOREX.com forex broker review found that there are some variations in platform offerings based on your location. The broker offers three versions of its proprietary platform, via web, mobile, and the Advanced Trading Platform for desktop. It also supports MetaTrader 4 and MetaTrader 5, although the former is less advertised by the broker. In some regions, including the United States, FOREX.com also supports NinjaTrader and API trading.


FOREX.com offers five trading platforms. A trading platform is simply a software interface that allows you to place trades. Trading platforms often come with charting, research, and order processing tools. To ensure that we only recommend high-quality brokers, our reviewers have tried and tested each of FOREX.com’s trading platforms. In doing so, we considered a range of factors, including how easy to use the platforms are, what features each trading platform offers, and how suited each platform is to different types of traders.

Trading Platforms

ADVANCED TRADING PLATFORMMETATRADER 5METATRADER 4
Instrument ClassesForex, Shares, Cryptos*, Commodities, Metals, IndicesForex, Shares, Cryptos*, Commodities, Metals, IndicesForex, Commodities, Metals, Indices
Number of Instruments4,500+500+500+
Number of Order Types766
Number of Indicators80+ (Desktop), 70+ (Web), 60+ (Mobile)3830
Number of Drawing Tools50+ (Web)4424
Robots/EAsYYY
Social/Copy TradingYYY
DownloadableYYY
Browser CompatibilityYYY
*Availability subject to regulations.

Advanced Trading Platform

The Advanced Trading Platform is the proprietary desktop platform from FOREX.com. This is the most feature-rich of the proprietary platform variations. It is ideal for advanced traders or anyone who wants access to the most extensive features and tools.


The platform is highly customizable, for both your trading preferences and the dashboards. It has extensive drawing tools, as well as over 80 technical indicators and powerful charting tools. You’ll benefit from advanced analytical tools, such as the hundreds of predefined templates for the integrated trading strategies. You will also find 15 time frames and more than 100 available predefined indicators, plus the ability to create your own.

Web trading

FOREX.com’s web platform is similar to the desktop one, but was optimized to work in all browsers and has slightly fewer features. It still has integrated trading tools, along with analysis and market commentary. The platform also supports FX trade signals from Recognia and AutoChartist, and the ability to work with a market strategist. Make use of the predefined layouts as well as the customizable ones. The advanced charting on this platform includes over 50 drawing tools and more than 70 technical indicators. There are also more than 10 time intervals, from monthly to tick changes and a zoom region feature. Customize your setup with several chart types and styles.


When trading, you can take advantage of various advanced risk management options. The smart trade tickets let you set orders based on pips, price, or P&L. There is one-click dealing with the charts. The web trading platform also lets you easily review your FOREX.com account information and manage it, in addition to making deposits or withdrawals.

Mobile trading

FOREX.com’s proprietary mobile trading platform is available for Android and iPhone. You’ll receive real-time notifications and alerts for convenience. It also has integrated market commentary, analysis, and news. The full functionality of the mobile trading platform includes integrated fund management, advanced risk management options, and advanced TradingView analysis and charting tools. Reuters News is also integrated.


In terms of charting on mobile, you can review FOREX.com broker’s instruments in more than 10 chart types, 14 time frames, and over 60 technical indicators as well as drawing tools. You can save your templates and charting preferences for the future and manage orders or trade directly from the charts. The Compare feature lets you overlay several charts.

MetaTrader 5

Trading on MetaTrader 5 for FOREX.com gives you access to more than 500 markets with intuitive market groupings and search. Enjoy 38 technical indicators, 21 timeframes, and 44 analytical objects, plus an integrated economic calendar, full daily candles, a strategy tester, and market search.


This platform also supports expert advisors and can include free VPS hosting for 24/5 use of your EAs. To qualify for this free hosting, you need to have at least $5,000 in your account and execute 10 round trip mini lots or the equivalent each calendar month. MT5 is available for Windows, Android, and iOS.

MetaTrader 4

As mentioned, FOREX.com does not advertise its MetaTrader 4 compatibility as much as the other platforms, but it is an option for web, Windows, Android, and iOS. MetaTrader 4 is fully integrated with FOREX.com research, Reuters News, Trading Central technical analysis, Autochartist Trade Ideas, and your account management tools. You can use Expert Advisors without a third-party bridge and qualify for free VPS hosting.

API Trading

API Trading is only advertised by FOREX.com in certain markets, including the United States. The broker’s REST API lets you access live streaming prices, advanced order types, and trade execution while exploring more than 80 currency pairs. It features full developer resources and lets you execute orders with algos and trading systems. It also works with a full range of programming languages for versatility.

NinjaTrader

NinjaTrader is also supported by FOREX.com in certain regions, including the United States. This is an award-winning platform that offers automated trading without any need for programming. The market analyzer lets you set predefined conditions to monitor markets and customize lists. There are also advanced trade management features, including automatically submitting stop loss and profit orders.

What is the execution policy at FOREX.com?

You can review the FOREX.com forex broker’s execution policy in its FAQ section, where the policy is laid out in simple terms. To save you the time, we have summarized it here. All orders are executed at the price that is the best available.
For forex, silver, and gold, quotes come from the prices FOREX.com receives from top-tier global banks. Commodity CFD quotes are acquired from the execution or quoted prices from derivative exchanges. Index CFD quotes come from the execution or quoted prices of the underlying assets from derivative exchanges.

This is done with respect to the indices that FOREX.com believes will offer the best available prices consistently. In terms of execution speed, FOREX.com is highly transparent. 99.79% of FOREX.com trades are executed in less than one second. The average execution speed is much less than this, just 0.04 seconds. Additionally, 99.99% of trades are successfully executed. Remember that for Standard and Commission accounts, FOREX.com serves as a market maker, while DMA accounts provide direct market access, as the name implies.


FOREX.com markets and products

Our review of FOREX.com found that this broker offers a truly impressive number of instruments, with more than 4,500 available. This is significantly more than most competitors, as the average broker only offers a few hundred. Many of these are in the form of share CFDs, but FOREX.com also has a competitive number of crypto CFDs.


InstrumentNumber
Currency Pairs91
Commodities11
Precious Metals7
Indices21
7Stocks and Shares4,500
Cryptocurrencies8
Options0
ETFs0

Currency pairs

FOREX.com offers an impressive selection of currency pairs. In descriptions, the broker says it offers more than 80 pairs, but they’re being modest; during our examination, we found 91. This assortment of currency pairs includes majors, minors, and exotics, and you can trade forex with any account type.

Commodities

Trading commodities with FOREX.com lets you trade energies, agriculture, and more. In terms of energy, you can trade UK Crude Oil, US Crude Oil, Heating Oil, and US Natural Gas. Agricultural commodities include Coffee, Corn, Cotton No 2, NY Cocoa, Soybean, Sugar No 11, and Wheat. This variety allows for diversification, and as commodity CFDs, you can speculate and potentially profit, regardless of whether the market is falling or rising.

Precious metals

You can trade both silver and gold USD pairs, as well as gold paired with another five currencies; AUD, CHF, EUR, GBP, JPY. This allows you to trade gold against all of the available base currencies FOREX.com. It is also more gold currency pairs than most brokers offer, allowing you to customize your trading strategies based on world events.

Indices

The 21 indices available from FOREX.com include those from around the world at competitive prices, with fixed spreads starting at 1 pt. Indices from the United States and the United Kingdom alone include Wall Street, US Tech 100, US SP 500, US Small Cap 2000, UK 100, CBOE UK250, Tory Index CFD, and Labour Index CFD.


Additionally, FOREX.com lets you trade EU Stocks 50 for instant European diversification. There are also indices from Australia, China, France, Germany, Hong Kong, Italy, Japan, the Netherlands, Singapore, Spain, and Switzerland. This range of indices lets you trade globally and create a diversified strategy.

Stocks and shares

Shares trading is one of the areas in which this company consistently stood out in our FOREX.com broker review. You can access more than 4,500 share CFDs, letting you go long or short. It should go without saying that with more than 4,500 shares available, there are options from around the world, providing global trading opportunities. The variety also increases the chances that FOREX.com lets you trade a specific stock that you are interested in or that has recently made the news, even if it is less common.

Cryptocurrencies

The cryptocurrencies available to trade with FOREX.com are all in the form of CFDs. This lets you go long or short and eliminates the need to create a cryptocurrency wallet. There are four cryptocurrencies available: Bitcoin, Bitcoin Cash, Ripple, and Ethereum. Impressively, Bitcoin is offered as a pair with USD, EUR, GBP, and AUD. Many competitors only offer one or perhaps two of these pairs. Please note, the availability of cryptocurrencies is subject to regulations.

Social trading

Social trading on FOREX.com comes in the form of expert advisors and trading signals. All of the broker’s platforms support automated trading, a type of trading that makes it easy to follow and copy other traders.


FOREX.com research tools

In addition to the advanced tools found within the platforms, our Forex.com review team found that the broker also offers a selection of great analytical materials. Some of the highlights you should be aware of include trading news and research, pivot points, and an economic calendar. You can also gain advice from market strategists, to create a trading plan for your individual needs.


FOREX.com Research Tools

News (from top-tier sources)Y
Trading Signals and IndicatorsY
Trade IdeasY
Expert AnalysisY
Autochartist ToolsY
Sentiment ChartsY
Economic CalendarY

News

The trading news and research are combined in a single section. Research is provided by the FOREX.com expert team, TradingView, and other reputable sources. Expect news that looks ahead to likely future changes in the market, general market news, and information on specific instruments or sectors. Each news article on FOREX.com includes a great deal of detail, including figures.

Trading signals and indicators

All of the FOREX.com platforms support the use of trading signals, and using the proprietary platform provides access to Autochartist and Recognia trading signals too. You can also access even more trading signals by employing expert advisors.
In terms of indicators, trading on MetaTrader with FOREX.com gives you access to dozens of built-in indicators, whilst the proprietary platforms offer over 80. All platforms also let you install hundreds of additional indicators.

Trade ideas

Trade ideas are available on the FOREX.com website and the trading platforms via the market analysis section. The articles from the broker’s experts include trading ideas, as they give you market predictions.

Expert analysis

Some expert analysis is mixed into the news section of FOREX.com. Additionally, expert analysis is incorporated into all of the broker’s platforms, letting you view it without having to open multiple programs.
Personalized expert analysis is also available via the one-on-one relationships you can build with a market strategist. Market strategists provide bespoke guidance while showing you how to use various tools.

Autochartist tools

As mentioned earlier in our review of FOREX.com forex broker, the site offers trading signals from Autochartist and Recognia. You’ll also find other analysis tools from Autochartist for automation. These let you identify patterns, actionable trade opportunities, intraday technical analysis, and volatility analysis.

Sentiment charts

Sentiment charts are incorporated into the MetaTrader platforms via the Sentiment Trader application. To ensure that you can take full advantage of these sentiment charts, FOREX.com also provides a video explaining how to use it. You can find this in the MetaTrader Platform Tutorials section.


FOREX.com education and training

Our FOREX.com review team was highly impressed with the broker’s educational resources. The broker offers one-on-one sessions with market strategists, webinars, courses for traders of varying skill levels, platform tutorial videos, and a range of educational articles. Overall, this makes FOREX.com a great choice for both experienced and new traders.


FOREX.com Educational Features

Demo AccountY
Platform Tutorial VideosY
Educational PDFsY
Live WebinarsY
YouTube VideosY
Trading AcademyY
Trading GlossaryY

Platform tutorial videos

You can find dozens of platform tutorial videos in the Education Topics section of FOREX.com. The videos are divided into those for beginners and intermediate traders. There are 12 videos for the proprietary platforms and 14 for the MetaTrader platforms. In addition to the platform tutorial videos, FOREX.com offers one-on-one sessions with a market strategist. These can include personalized demonstrations of the various, advanced tools on the platforms.

Educational PDFs

FOREX.com’s educational PDFs span numerous articles, conveniently divided into Education Themes. Among them are Trading Concepts, Managing Risk, Technical Analysis, Trading Strategies, and Fundamental Analysis. In each section, you will find a range of topics, each of which has beginner, intermediate, or advanced labels.

For example, in the forex category, beginner topics include “What Is a Cryptocurrency?” and “Forex Margin and Leverage.” Intermediate topics include “Forex Currency Factsheet” and “What Is a Pip?”, and advanced topics include “Common Forex Trading Mistakes.” Overall, there are 70 topics, excluding the platform tutorial videos, which are also in this section. Most of these are articles, although some of the individual topics are factsheets while others come in an e-book format that you can download. Each type of resource has a different symbol next to it, helping you choose the type you prefer.

Live webinars

FOREX.com regularly holds live webinars. You can review FOREX.com’s upcoming webinars on the broker’s website. These provide real-time insights, actionable trade ideas, live Q&A sessions, and market commentary. Registration only takes minutes, and some webinars are repeated, so you can choose among various times or days.

Trading academy

The entire educational section is an informal trading academy, as topics are conveniently divided by experience level. You can view trading courses by level and view all of the articles, PDFs, and videos appropriate for that skill level. This features a self-led course structure as each level has a set of recommended topics to explore at the top right of the page and the ability to view topics by theme below this.

Trading glossary

The forex glossary on FOREX.com offers concise yet thorough definitions and explanations of each forex term. It is an exhaustive glossary, conveniently arranged in alphabetical order.


FOREX.com customer support

During our review of FOREX.com, we discovered that the broker offers excellent customer support. Between the FAQ section and multiple contact methods, you should have no problem getting the support you need. Keep in mind, however, that during extreme market volatility, wait times can increase. In those cases, FOREX.com updates its Service Updates page with additional information.

Pros
  • Extensive FAQ section
  • Live chat
  • 24/5
Cons
  • Wait times can occasionally increase with market volatility

FOREX.com offers multiple methods of contacting support, including:

Overall, FOREX.com’s customer support is very good. Our FOREX.com review team appreciated that the broker is upfront about potentially longer wait times during moments of high market volatility. In these situations, there will be a note of the higher wait times in the Contact Us area and a link to the Service Updates. Our FOREX.com forex broker review team found that these high-volume times are rare, and support is typically quick and easy to contact. You should also remember that many clients qualify for one-on-one sessions with a market strategist for additional support.

FOREX.com mobile compatibility

FOREX.com is highly compatible with mobile devices. All trading platforms are available for mobile devices and the website is also well-optimized for the smaller screen. In general, FOREX.com is a great choice if you prefer trading on the go.


FOREX.com – Our verdict

Our review team can confidently recommend FOREX.com, thanks to its strong regulation in multiple jurisdictions, low minimum deposit, multiple account types, and impressive range of instrument offerings. FOREX.com has excellent educational and research tools available, increasing its appeal to traders of all skill levels.

Beginners will find all the information they need to get started, including platform tutorials and a demo account, while advanced traders will find the advanced analysis tools they want. Now that you’ve read our FOREX.com review, open an account with FOREX.com to start trading and put your new knowledge to use.

FOREX.com Final Summary

Minimum Deposit (USD)100
LicensesFCA, ASIC, CIMA, IIROC, -.
Max. Leverage1:400
Client ProtectionY
Broker TypeMarket Maker/DMA
Number of Instruments4,500+
Currency Pairs91
Stocks4,500
Cryptocurrencies8
CFDsY
Proprietary Trading PlatformN
MT 4Y
MT 5Y
Mobile CompatibleY
Research ToolsY
Educational MaterialsY
Payment MethodsBank transfer, Visa, MasterCard, PayPal and more
24/5 Customer SupportY
Live ChatY
*Leverage is limited to 1:30 for EU and UK clients.
*The availability of cryptocurrency CFDs is subject to regulations.

FOREX.com information

  • Year Founded: 2001
  • Company Trading Names: GAIN Global Markets Inc., GAIN Capital UK Limited, GAIN Capital Japan, Ltd., GAIN Capital Group LLC, GAIN Capital – FOREX.com Canada Limited, GAIN Capital Australia Pty Ltd.
  • Licenses: CIMA, FCA, FFSA, CFTC, IIROC, ASIC
  • Headquarters Address: Park House, 16 Finsbury Circus, London, EC2M 7EB, United Kingdom
  • Phone Number: 0800 032 1948
  • Facebook: https://www.facebook.com/FOREXcom/
  • Twitter: https://twitter.com/FOREXcom

Risk disclaimer: FOREX.com offers CFD products. CFDs are complex instruments, and investors face a high risk of losing money rapidly due to leverage. 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 that high risk.


Our methodology: This review of FOREX.com has been created using accurate data and unbiased facts. To test the broker, we have used our unique and detailed methodology, which assesses over 200 criteria points in 10 key areas. This guarantees that all of our reviews are fair and extensive.


We update our methodology and our reviews regularly. Methodology updates are made so that new broker features and products are taken into consideration. Review updates ensure that all the information we provide is current and correct.

What’s next

TAKE ACTION
Open an account on the broker website.

COMPARE BROKER
See what benefits one offers over the other.

LEARN
Trading financial markets has never been easier.

Frequently asked questions (FAQ)

Is FOREX.com regulated?

Yes, FOREX.com is regulated by CIMA in the Cayman Islands, FCA in the UK, FSA in Japan, CFTC in the US, IIROC in Canada, and ASIC in Australia in the Cayman Islands. This vast regulatory infrastructure should provide you with confidence in the broker when opening an account.

Is FOREX.com a scam?

No, FOREX.com is not a scam. It is regulated by six different organizations and a member of the National Futures Association. In comparison to other brokers, this makes it highly trustworthy and reputable. Additionally, its nearly 20-year history shows that the broker has positive intentions, as does its client protection policies.

What is the minimum deposit at FOREX.com?

For customers using USD, the minimum deposit at FOREX.com is $100 for Standard and Commission accounts. If your account is in a different base currency, it becomes 100 units of that currency. This is relatively accessible, making FOREX.com a top rated forex broker for beginners.


Does FOREX.com charge commissions?

FOREX.com charges commissions depending on your account type. Standard accounts have no commissions, and Commission accounts have commissions of $5 per 100k traded. If you qualify as an Active Trader, you will receive discounts. DMA accounts have tiered commissions of $20 to $60 per million USD based on trade volume.

What FOREX.com account types are there?

FOREX.com offers three main account types, Standard, Commission, and DMA. Standard accounts have no commissions and only pay spreads. Commission accounts have tighter spreads and pay commissions. Direct Market Access (DMA) accounts have no spreads, but higher minimum requirements and commissions.

Cryptocurrency Trading
Crypto CFD pairs
Min Deposit: $100

5.0
Licensing & Safety
5.0
Markets
4.0
Bonuses & Promotions
4.0
Customer Support
4.5 Overall Rating

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