Forex.com is a global FX broker. In addition to being regulated by several top-tier authorities worldwide, Forex.com's real value proposition lies in its low FX fees. We were impressed by the number of currency pairs and the diverse technical research tools available on the platform.
With respect to safety, Forex.com is considered reliable because it is s overseen by top-tier financial regulator (e.g. the FCA in the UK or CFTC in the US) and its parent company, StoneX Group Inc is listed on the NASDAQ Stock Exchange.
|🛍️ Products offered||Forex, CFD (index, stock, commodity, crypto)|
|💰 Forex.com EURUSD spread||1.3|
|💰 Forex.com withdrawal fee charged||$0|
|💰 Forex.com inactivity fee charged||Yes|
|💰 Forex.com minimum deposit||$100|
|📃Forex.com ECN account available||No|
|📃Forex.com swap-free/Islamic account available||Yes|
|💳 Deposit methods||Bank transfer, Credit/debit cards, PayPal|
|🗺️ Country of regulation||USA, UK, Canada, Japan, Cayman Islands, Cyprus|
|📱 Platforms provided||Advanced Trading Platform, MT4, MT5|
|🎮 Forex.com demo account provided||Yes|
If you are unsure what some of these financial terms mean, don't worry, we put together a short glossary at the end of the review.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 available in your country?
|Stock index CFD||Yes|
|Real stock (cash equity)||No|
|Real ETF (cash equity)||No|
Forex.com has low fees for forex trades and there is no withdrawal fee. On the other hand, stock CFD fees are high and there is an inactivity fee.
|S&P 500 CFD spread||0.6|
Account opening and minimum deposit
Forex.com's account opening is seamless and fully digital. On the other hand, account verification takes around 2 business days, which is not the fastest on the market.
The minimum deposit at Forex.com is $100.
Deposit/withdrawal fees and options
Forex.com provides multiple deposit and withdrawal options, all free of charge. However, withdrawal is not possible with some credit cards.
Forex.com is regulated by many financial authorities, including the top-tier FCA. Its parent company, StoneX Group Inc is listed on the NASDAQ Stock Exchange.
Trading platform and research tools
Forex.com has its own trading platform, called Advanced Trading Platform. In addition, MetaTrader 4 and MetaTrader 5 trading platforms are available.
|Web trading platform score||4.3 stars||Read more about Forex.com web platform|
|Mobile platform score||4.3 stars||Read more about Forex.com app|
|Desktop trading platform score||3.0 stars||Read more about Forex.com desktop platform|
|Research score||4.3 stars||Read more about research tools at Forex.com|
Forex.com does a great job in education, offering many ways to learn. You can use tools, like demo account, webinar, platform videos, educational texts and many more.
Forex.com has great customer service on the phone. Finding live chat is a bit tricky, but responses are relevant and fast. On the negative side, email support is slow and answers aren't always satisfactory.
Compare to Forex.com alternatives
Forex.com is a great choice for FX traders as the broker charges low FX fees and provides great research tools.
Here is a quick glossary to help you with some terms used in our review:
Forex trading: FX trading means the buying and selling of currency pairs. You are basically buying one currency while selling another in the hopes of closing the position later with a profit.
CFD: contract for difference or CFD trading means that you speculate whether a particular financial asset, like a stock index, commodity or a currency pair, will increase or decrease in value.
Trading fees: these are charged when you trade; for instance, in the form of a commission, spreads, financing rates, margin rates or a conversion fee. In our article on brokerage fees, you can learn what these fees mean and what they entail.
Spread: The spread is the difference between the buy and the sell price, or in other words, the bid and the ask price.
Overnight fee: overnight rate (financing rate or swap fee) is a brokerage fee charged when you hold a leveraged position for more than a day. If the broker provides Islamic/swap-free account, then you don’t pay overnight fee, but usually you pay higher spread fees.
Non-trading fees: charges not directly related to trading, such as deposit/withdrawal fees or inactivity fees.
Deposit fee: this is charged when you send money to your trading account at a broker. The fee may differ depending on the method of transfer (i.e. bank card, bank transfer, e-wallets, etc.).
Withdrawal fee: an amount you need to pay when you withdraw money from your trading account, e.g. to your bank account.
Regulators: these are established by governments or other organizations to oversee the functioning and fairness of financial markets, including markets, exchanges and firms. They also oversee that investors are not fooled by scams, and in case of wrongdoing, they try to provide some level of financial and legal backing.
Investor protection: this means that up to a certain limit, you get your money back if the broker goes into bankruptcy or commits fraud. You can find out more about investor protection in our dedicated article.
Free or premium? Or both?
A glance at actual costs and whether Forex.com is really free.
Looking for commission and fees data for Forex.com?
We collected them in Forex.com commission and fees.
Are you interested in trading stocks?
See how much stock trading costs, and what stocks are available at Forex.com.
I want to trade options, are they available at Forex.com?
We explored the topic in Can you trade options on Forex.com?
Should you buy your silver bullets on Forex.com?
Research for silver bugs in the Silver buy on Forex.com guide.
What is the minimum account balance at Forex.com?
Check out the current account balance requirements at Forex.com in our What is the minimum account balance at Forex.com article.