Forex.com Review 2025

Is Forex.com regulated?

Yes, it is regulated by several financial authorities globally, such as the UK's Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC) and National Futures Association (NFA) in the US.

Is Forex.com safe?

To be certain that a brokerage is safe, we highly advise that you check two facts:

• how you are protected if something goes wrong
• the background of the broker.

How you are protected

Forex.com operates under several legal entities worldwide; which of these will serve you depends on your residency. The investor protection amount you're eligible for depends on the country where the entity serving you is located.
For example, if you are from the UK, you will sign up with StoneX Financial Ltd and will be eligible for investor protection of £85,000. StoneX Financial Ltd is regulated by the FCA, the UK's financial authority.

Forex.com provides negative balance protection for clients belonging to StoneX Financial Ltd and StoneX Europe Ltd for forex spot and CFD trading, but only for retail clients from the United Kingdom and the European Union. Professional and non-UK/non-EU clients are not covered with any negative balance protection.

Our brokerage experts put together a comprehensive guide on the safety profile of Forex.com.

Background

Forex.com is a brand of StoneX Group, a US-based investment company. StoneX Group acquired GAIN Capital, Forex.com's parent company in 2020. This is important as a strong parent company lowers the chance that the company will go bust.
StoneX Group is also listed on the NASDAQ Stock Exchange. This is a big plus for safety as Forex.com releases financial statements regularly and in a transparent manner.
Forex.com was established in 2001. The longer the track record of a broker, the more proof we have that it has successfully weathered previous financial crises.
Having a parent company listed on a stock exchange, providing financial statements and being regulated by top-tier authorities are all great markers of Forex.com’s safety.

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Account base currencies

At Forex.com, you can choose from the following 5 base currencies: EUR, USD, GBP, PLN, CHF.

The above account currencies are available at every entity, except for Forex.com (EU). See the table below for the options at Forex.com (EU).

This selection is average compared to competing brokers.

Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you won't have to pay a conversion fee.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

Deposit fees and options

Forex.com charges no deposit fees.

Besides bank transfer, you can use bank cards and PayPal for depositing funds.

Due to US regulations, US citizens cannot use credit cards to fund their brokerage accounts. They can only use debit cards, where available.

Here's all you need to know about minimum deposit requirements and depositing money at Forex.com.

A bank transfer can take several business days, while payment with a credit/debit card is instant. You can only deposit money from accounts that are in your name.

There are a lot of deposit options at Forex.com, including electronic wallets such as Skrill, Neteller, PayPal.

Forex.com withdrawal fees and options

Withdrawal at Forex.com is free of charge. Methods for withdrawal are the same as for deposits.

Read our guide containing all key info on available withdrawal methods and related fees at Forex.com.

You can only withdraw money to accounts in your name.

US and Canadian customers are charged a withdrawal fee if their withdrawal is under $10,000.

*There's a limit of $25,000 per withdrawal

How long does it take to withdraw money from Forex.com? Bank transfers can take 2-3 business days, while bank card withdrawal can take longer, up to 5 business days.

When we tested withdrawal, it took several weeks because we had a problem with credit card withdrawal. The reason for the problem was that Forex.com can't send money to some MasterCard and Visa credit cards. Instead of credit cards, we had to withdraw via bank transfer, but before doing so, customer service had to add and approve our bank account. It would be great to know in advance which cards are accepted for withdrawal and which are not.

How do you withdraw money from Forex.com?

• Log in to 'MyAccount'
• Click on 'Funding' and then select 'Withdraw'
• Enter the amount you wish to withdraw
• Confirm your withdrawal

Can you open an account?

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74-76% of retail CFD accounts lose money

Forex.com accepts customers from most countries, including the US. Notable exceptions include Hong Kong and New Zealand.
Note however that CFD trading is banned in the US. If you are a US resident, you will not be able to trade CFDs.
If you are from Australia, you can only open an account at City Index, another brand operated by StoneX Group.

Read our separate article on how to get your account started with Forex.com.

What is the minimum deposit at Forex.com?

The required Forex.com minimum deposit is $100.

This is a low amount as there are other brokers that require a minimum of $2,000 or more.

Account types

Forex.com provides three account types, which differ in their pricing structure and in the trading platforms available.

For clients based in the USA Spread-only and RAW Pricing are the available account types.

When it comes to account ownership, Forex.com has additional options:

• Individual – owned by an individual
• Joint – owned by two or more individuals
• Corporate – owned by a legal entity

How to open your account

Forex.com has a straightforward and fully digital account opening process. Online registration takes only 10-15 minutes. Our account was verified in 2 business days, which is a bit slower than at some other brokers.
It takes four steps to open a Forex.com account:

1. Choose whether you want to use Forex.com's own trading platform or MetaTrader 4, a third-party trading platform.
2. Fill in your personal and financial information.
3. Answer a couple of questions relating to your financial knowledge and trading history.
4. Verify your identity and residency. You can upload a national ID card, passport or driver's license to verify your identity. Utility bills and bank statements are accepted as proof of residency.

We ran into some problems during account verification. Forex.com rejected the uploaded proof of residency but did not tell us the reason. We believe they should give more information when something goes wrong.

Does Forex.com offer a demo account?

Yes, Forex.com offers a free $10,000 demo forex trading account with no risk and no obligation. Note that a demo account will expire after 30 days.

Is Forex.com an ECN broker?

No, Forex.com provides STP and DMA accounts.

Similarly to the web trading platform, Forex.com provides two mobile trading platforms: Forex.com's own and the MetaTrader 4 and 5 mobile trading platforms (availability depending on your location). Both trading platforms are available on iOS and Android. In this review, we tested Forex.com's own trading platform on iOS.

Look and feel

The Forex.com mobile app is user-friendly and well designed.However, features were sometimes quite slow to load.
The mobile app includes the following:

• TradingView charts
• Integrated news and analysis
• Full account management

Login and security

Forex.com provides only a one-step login for its mobile platform. A two-step authentication would be more secure and adding this feature should be high on any company's list of security changes.

You can log in using biometric authentication, which is a convenient feature.

Search functions

The search functions are good.

You can search by typing the name of the asset you're looking for or browse product categories.

Placing orders

You can use the following order types on the mobile trading platform:

• Market
• Limit
• Stop
• Trailing Stop
• OCO

There are also order time limits you can use:

• Good till Canceled (GTC)
• Good 'till Time (GTT)

Alerts and notifications

You can set alerts and notifications on the Forex.com mobile platform.

Our analysts personally tested Forex.com's mobile trading platform; read the Forex.com mobile app review for a detailed verdict on its performance and features.

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74-76% of retail CFD accounts lose money

Forex.com offers two desktop platforms, the Advanced Trading Platform and MetaTrader 4 and 5 (availability depending on your location).
Once again, we tested the Advanced Trading Platform as this is Forex.com's own platform, while MetaTrader 4 and 5 are third-party platforms.
Forex.com's desktop trading platform has the same functionality as the web trading platform. For example, you can use the same order types or price alerts.
On the downside, the desktop trading platform is less user-friendly and the design feels outdated. It was hard to navigate the platform and it felt too crammed with functions.

Does Forex.com offer MetaTrader platforms?

Yes, Forex.com offers MT4 platforms. If you want to learn how MetaTrader platforms work, read our dedicated MetaTrader article.

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74-76% of retail CFD accounts lose money

Forex.com is a forex broker that also offers some CFDs. To learn more about CFDs read our CFD trading tips.
Note, that 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.
For example, CFD trading is banned in the US, so if you are a US resident you will not be able to trade CFDs.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-76% 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 provides a great number of currency pairs and cryptocurrencies. The stock, stock index, ETF, and commodity CFD selections are also great. However, the exact number of available products differs significantly depending on which Forex.com entity covers you. For instance over 80 FX pairs are offered to clients based in the USA only.
The FCA has banned the sale of crypto-derivatives to UK retail consumers as of January 6, 2021.

Forex.com leverage

You can't change leverage levels. This is a drawback.
Changing the leverage manually is a very useful feature when you want to lower the risk of your trade. Be careful with forex and CFD trading, as the preset leverage levels may be high.

What is leverage and margin?

Leverage enables traders to 'borrow' capital in order to gain a larger exposure to the forex market. Larger trade size can be controlled with a limited amount of capital.
According to the ESMA regulations, the maximum leverage which can be offered in the EU is 30:1, only for major currency pairs.

• 20:1 for non-major currency pairs, gold and major indices
• 10:1 for commodities other than gold and non-major equity indices
• 5:1 for individual equities and other reference values
• 2:1 for cryptocurrencies

This means your maximum position can be 30 times more than the deposit required.
According to the The Commodity Futures Trading Commission (CFTC) the maximum leverage in the United States is 50:1 for major currency pairs and 20:1 for all others.
Therefore Forex.com leverage is maximimized at 50:1.
Margin is the amount of money needed to open a leveraged trade. It acts as a deposit, you only need to pay a percentage of the full value of the position. A margin rate of 3.3% can also be referred to as a leverage ratio of 30:1.
Therefore Forex.com margin is maximized at 30:1.

We recommend Forex.com for forex traders looking for low fees and great research tools.

Below you can find links to all aspects of Forex.com in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Forex.com fees article.

What about the minimum deposit?

Our ultimate guide to the Forex.com minimum deposit is updated regularly.

How to start your Forex.com account?

Look no further than our evaluation of the Forex.com account opening.

How's their trading app?

Here's our expert view after checking the Forex.com trading app.

Is the quality of customer service satisfactory?

All you need to know about the Forex.com customer service.

Legit or scam?

Is Forex.com legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Forex.com is really free.

Is this broker good for beginners?

We checked it in Is Forex.com good for beginners.

Should you buy your silver bullets on Forex.com?

Research for silver bugs in the Silver buy on Forex.com guide

I want to trade options, are they available at Forex.com?

We explored the topic in Can you trade options on Forex.com?

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.

Looking for commission and fees data for Forex.com?

We collected them in Forex.com commission and fees.

How do you withdraw money from Forex.com?

We tested it and collected the options and costs in How to withdraw money on Forex.com.