Our take on Forex.com
Forex. Forex.com provides everything you need for forex trading: low forex fees, many currency pairs and lots of technical research tools. At the same time, it lacks some popular asset classes, such as real stocks or bonds. Stock CFD fees are high, and the desktop trading platform is not user-friendly. BrokerChooser gave Forex.com a 4.3/5 rating based on analyzing 500+ criteria and testing via opening a live account.
| Pros | Cons |
|---|---|
|
• Low forex fees
|
• Product portfolio limited to forex and CFDs
|
|
• Great variety of currency pairs
|
• High stock CFD fees
|
|
• Diverse technical research tools
|
• Non-user-friendly desktop platform
|
Forex.com main highlights
| 🗺️ Country of regulation | USA, UK, Canada, Japan, Cayman Islands, Cyprus, Hong Kong, Singapore, Australia |
| 💰 Trading fees class | Low |
| 💰 Inactivity fee charged | Yes |
| 💰 Withdrawal fee amount | $0 |
| 💰 Minimum deposit | $100 |
| 🕖 Time to open an account | 1-3 days |
| 💳 Deposit with bank card | Available |
| 👛 Depositing with electronic wallet | Available |
| 💱 Number of base currencies supported | 7 |
| 🎮 Demo account provided | Yes |
| 🛍️ Products offered | Forex, CFD (index, stock, commodity, crypto) |
Forex.com summary
Forex.com review
Fees
| Pros | Cons |
|---|---|
|
• Low forex fees
|
• Inactivity fee
|
|
• No withdrawal fee
|
• High stock CFD fees
|
|
• Low stock index CFD fees
|
|
| Assets | Fee level | Fee terms |
|---|---|---|
| EURUSD | Low | The fees are built into the spread, 1.3 pips is the average spread cost during peak trading hours. |
| GBPUSD | Low | The fees are built into the spread, 1.1 pips is the average spread cost during peak trading hours. |
| S&P 500 CFD | Low | The fees are built into the spread, 0.6 points is the average spread cost during peak trading hours. |
| Inactivity fee | Low | $/€/AUD 15, £12 or JPY 1500 per month after one year of inactivity |
How we ranked fees
We ranked Forex.com's fee levels as low, average or high based on how they compare to those of all reviewed brokers.
First, let's go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees.
- Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.
- Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.
In the sections below, you will find the most relevant fees of Forex.com for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates.
We also compared Forex.com's fees with those of two similar brokers we selected, FXCM and Oanda. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of Forex.com alternatives.
To have a clear overview of Forex.com, let's start with the trading fees.
Forex.com vs FXCM
Forex.com is a global FX and CFD broker established in 2001. The company is regulated by several financial authorities, including the top-tier Financial Conduct Authority (FCA) in the UK and the US Commodity Futures Trading Commission (CFTC). Forex.com is recommended for forex traders looking for low fees and great research tools.
FXCM is a UK-based broker offering CFD trading on shares, stock indices, forex, commodities and cryptos. FXCM was established in 1999 and its majority owner is the Jefferies Financial Group, which is listed on the New York Stock Exchange and has a background in merchant banking. On February 6, 2017, the firm agreed to pay a $7 million penalty to settle a suit from the U.S. Commodity Futures Trading Commission (CFTC) involving fraudulent misrepresentation by FXCM to its customers and to regulators. FXCM is recommended for forex traders looking for easy account opening, funding and withdrawal.
You can compare Forex.com and FXCM here in more detail.
Forex.com vs Oanda
Forex.com is a global FX and CFD broker established in 2001. The company is regulated by several financial authorities, including the top-tier Financial Conduct Authority (FCA) in the UK and the US Commodity Futures Trading Commission (CFTC). Forex.com is recommended for forex traders looking for low fees and great research tools.
Oanda is a US-based forex broker founded in 1996. Oanda operates via several entities worldwide and is regulated by top-tier authorities, such as the US Commodity Trading Futures Commission, the National Futures Association (CFTC) and the UK's Financial Conduct Authority (FCA). Oanda is recommended for forex traders who value a user-friendly platform and great research tools.
You can compare Forex.com and Oanda here in more detail.
Forex.com trading fees
Forex.com trading fees are low.
We know it's hard to compare trading fees for forex brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.
We chose popular instruments in each asset class usually provided by forex brokers:
- Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP
- Stock index CFDs: SPX and EUSTX50
A typical trade means buying a leveraged product, holding it for one week and then selling. For the volume, we chose a $20,000 position for forex and a $2,000 position for stock index and stock CFD transactions. The leverage we used was:
- 30:1 for forex
- 20:1 for stock index CFDs
These catch-all benchmark fees includes spreads, commissions and financing costs for all brokers. Let's see the verdict for Forex.com fees.
Forex fees
Forex.com forex fees are low, below those of its closest competitors.
| Forex.com | FXCM | Oanda | |
|---|---|---|---|
| EURUSD benchmark fee | $13.3 | $15.9 | $15.4 |
| GBPUSD benchmark fee | $7.6 | $8.0 | $9.9 |
| AUDUSD benchmark fee | $11.4 | $12.6 | $13.1 |
| EURCHF benchmark fee | $1.5 | $2.7 | $1.9 |
| EURGBP benchmark fee | $10.6 | $14.2 | $12.9 |
CFD fees
Forex.com has generally average CFD trading fees. The stock index CFD fees are low, while stock CFD fees are high.
| Forex.com | FXCM | Oanda | |
|---|---|---|---|
| S&P 500 index CFD fee | $2.7 | $2.8 | $2.3 |
| Europe 50 index CFD fee | $2.5 | $2.2 | $2.0 |
| Apple CFD fee | $22.6 | $5.5 | - |
| Vodafone CFD fee | $25.2 | - | - |
Stock index CFD fees are built into the spreads, while stock CFD fees are charged via commission.
| Market | Commission | Minimum fee |
|---|---|---|
| US stocks | $0.018 per share | $10 |
| UK stocks | 0.08% of the trade value | £10 |
Forex.com spreads
A spread is a difference between the buy price and the sell price. As forex and CFDs are OTC products, your broker can set the spread. Wider spreads mean more expensive trading.
| Forex.com | FXCM | Oanda | |
|---|---|---|---|
| EURUSD spread | 1.3 | 1.2 | 0.9 |
| EURGBP spread | 1.6 | 1.8 | 1.2 |
| S&P 500 CFD spread | 0.6 | 0.4 | 0.3 |
| Europe 50 CFD spread | 1.9 | 1.9 | 0.9 |
| Apple CFD spread | 0.0 | 0.1 | - |
Forex.com rollover rates
Rollover rate or financing rate is charged when you hold your leveraged positions for more than one day. Forex.com rollover rates are Low.
| Forex.com | FXCM | Oanda | |
|---|---|---|---|
| EURUSD financing rate | 2.8% | 3.5% | 3.5% |
| EURGBP financing rate | 1.8% | 2.6% | 2.6% |
| S&P 500 CFD financing rate | 6.3% | 6.9% | 5.6% |
| Europe 50 CFD financing rate | 3.9% | 3.0% | 3.9% |
| Apple CFD financing rate | 6.3% | 9.1% | - |
Non-trading fees
Forex.com's non-trading fees are average overall. It doesn't charge withdrawal or account fees, but you have to pay a $15 (or currency equivalent) monthly fee after one year of inactivity.
Here, take a look at what the non-trading fees for non-US customers look like:
| Forex.com | FXCM | Oanda | |
|---|---|---|---|
| Account fee | No | No | No |
| Inactivity fee | Yes | Yes | Yes |
| Deposit fee | $0 | $0 | $0 |
| Withdrawal fee | $0 | $0 | $0 |
US customers are charged with a withdrawal fee if their withdrawal is under $10,000.
|
|
United States | Canada |
|---|---|---|
| International bank withdrawal | $40 | $40 |
| Domestic bank withdrawal | $25 | $25 |
| Credit/Debit card withdrawal | $0* | $0* |
*There's a limit of $25,000 per withdrawal
Forex.com review
Account opening
| Pros | Cons |
|---|---|
|
• Fully digital
|
• Relatively slow account verification
|
|
• Low minimum deposit
|
|
|
• User-friendly
|
|
Can you open an account?
Forex.com accepts customers from most countries, including the US. Notable exceptions include Hong Kong and New Zealand.
If you are from Australia, you can only open an account at City Index, another brand operated by StoneX Group.
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.
| Type | Pricing | Trading platforms |
|---|---|---|
| Forex.com Account | Higher spread and no commission | Forex.com's own platforms |
| MetaTrader Account | Higher spread and no commission | MT4 |
| DMA | Lower spread and commission of $2 per lot per trade | Forex.com's own platforms |
| (US only) STP pro |
Commissions per million $30-$80 depending on your monthly trading volume |
Forex.com's own platforms |
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:
- Choose whether you want to use Forex.com's own trading platform or MetaTrader 4, a third-party trading platform.
- Fill in your personal and financial information.
- Answer a couple of questions relating to your financial knowledge and trading history.
- 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.
Our best alternatives to Forex.com are:
The highest ranking competitors are:
Forex.com review
Deposit and withdrawal
| Pros | Cons |
|---|---|
|
• Credit/Debit card available
|
• Problem with credit card withdrawal
|
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• Free withdrawal
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|
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• No deposit fee
|
|
Account base currencies
At Forex.com, you can choose from 7 base currencies:
| USD | SGD |
| GBP | EUR |
| CAD | AUD |
| HKD |
*These account currencies are available at every entity, except for Forex.com (EU).
| EUR | USD |
| GBP | PLN |
| Forex.com | FXCM | Oanda | |
|---|---|---|---|
| Number of base currencies | 7 | 4 | 9 |
Why does this matter? For two reasons. If you fund your account in the same currency as your bank account or you trade assets in the same currency as your account base currency, you don'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 credit/debit cards and PayPal for depositing funds.
| Forex.com | FXCM | Oanda | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
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.
Forex.com withdrawal fees and options
Withdrawal at Forex.com is free of charge. Methods for withdrawal are the same as for deposits.
| Forex.com | FXCM | Oanda | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 |
US customers are charged with a withdrawal fee if their withdrawal is under $10,000.
|
|
United States | Canada |
|---|---|---|
| International bank withdrawal | $40 | $40 |
| Domestic bank withdrawal | $25 | $25 |
| Credit/Debit card withdrawal | $0* | $0* |
*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 credit/debit 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
Forex.com review
Web trading platform
| Pros | Cons |
|---|---|
|
• User-friendly
|
• No two-step (safer) login
|
|
• Good customizability (for charts, workspace)
|
|
|
• Good variety of order types
|
|
| Trading platform | Score | Available |
|---|---|---|
| Web | 4.3 stars | Yes |
| Mobile | 4.3 stars | Yes |
| Desktop | 3.0 stars | Yes |
Forex.com has two web trading platforms, Web Trader and MetaTrader 4. In addition, MetaTrader 5 is also available in several jurisdictions, such as Canada, countries in the European Economic Area (EEA) and clients regulated by the Cayman Islands Monetary Authority (CIMA).
We tested Web Trader because it is Forex.com's own platform, while MetaTrader 4 and 5 are provided by a third party.
Web Trader is available only in English.
Look and feel
Forex.com's web trading platform is user-friendly and looks great.
It is extremely customizable. You can easily add, remove, or change the size and position of tabs to create your own unique trading platform. It also lets you pick between a light or dark theme and between "one-click" or "two-click" trading.
Login and security
Forex.com provides only a one-step login. Two-step authentication would be safer here.
Search functions
The web trading platform has good search functions. You can search by typing the name of the product you're looking for or browsing a categorized product list.
Placing orders
You can use many order types, including some more sophisticated ones:
- Market
- Limit
- Stop
- Trailing stop
- One-cancels-the-other (OCO)
If you are not familiar with basic order types, read this overview.
There are also several order terms available:
- Good 'til canceled (GTC)
- Good 'til end of the day (GTD)
- Good 'til time (GTT)
Alerts and notifications
The alert function lets you know when an asset reaches a price target. You also get a notification when your orders get fulfilled. This is a push notification, available on both web and mobile platforms. It is easy to set the alerts and notifications.
Portfolio and fee reports
Forex.com has clear portfolio and fee reports. You can find these under the 'Reports' tab and download them in PDF, XLS, XML and CSV.
Forex.com review
Mobile trading platform
| Pros | Cons |
|---|---|
|
• User-friendly
|
• No two-step (safer) login
|
|
• Good search function
|
|
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• Good variety of order types
|
|
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 one-step login.
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:
- Market
- Limit
- Stop
- Trailing stop
- OCO
However, we didn't find an option to set order time limits.
Alerts and notifications
You can easily set price alerts on the Forex.com mobile platform.
Forex.com review
Desktop trading platform
| Pros | Cons |
|---|---|
|
• Clear fee report
|
• Not user-friendly
|
|
• Good customizability (for charts, workspace)
|
• No two-step (safer) login
|
|
• Good variety of order types
|
• Outdated design
|
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 article.
Forex.com review
Markets and products
Forex.com is a forex broker that also offers some CFDs. To learn more about CFDs read our CFD trading tips.
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.
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.
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.
| Forex.com | FXCM | Oanda | |
|---|---|---|---|
| Currency pairs (#) | 91 | 45 | 70 |
| Stock index CFDs (#) | 18 | 15 | 15 |
| Stock CFDs (#) | 4,500 | 219 | - |
| ETF CFDs (#) | 20 | - | - |
| Commodity CFDs (#) | 26 | 12 | 31 |
| Bond CFDs (#) | 12 | 1 | 6 |
| Crypto CFDs (#) | 6 | 7 | 4 |
FCA bans the sale of crypto-derivatives to UK retail consumers from 6 January 2021.
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.
Forex.com review
Research
| Pros | Cons |
|---|---|
|
• Good interactive chart
|
• No fundamental data available
|
|
• Trading ideas
|
|
|
• High-quality market reports
|
|
You can find Forex.com's research tools on its trading platforms or on the website under 'Market Analysis'.
Trading ideas
Forex.com provides trading ideas based on technical analysis. You can find them on the platform if you click 'Trading Central'.
Fundamental data
Forex.com does not provide any fundamental data.
Charting
Forex.com has great charting tools. You can easily edit and save your charts. There are around 90 technical indicators and many editing tools, such as Fibonacci retracement and trendlines.
News feed
Forex.com has a news feed in the trading applications.
It also provides an economic calendar, which lists upcoming macro events. When you select an event, you can view a short summary and check historical data.
You can also read market analysis written by Forex.com's research team. You can find these articles under the 'Market Analysis' tab. We liked how news articles can be filtered based on various criteria.
How can I set proper lot sizes?
Forex.com provides Margin & Pip Calculator. 1 standard lot equals to 100,000 units of the base currency in a forex trade.
How can I set proper lot sizes?
Does Forex.com provide API?
Yes, Forex.com provides API which means:
- Access over 80 FX markets
- Execute traders and orders using trading systems and algos
- Full developer resources
Forex.com review
Customer service
| Pros | Cons |
|---|---|
|
• Live chat
|
• No 24/7 support
|
|
• Great telephone support
|
• Slow email support
|
|
• 24-hour support Sunday to Friday
|
|
You can contact Forex.com via:
- phone
- live chat
We were really satisfied with Forex.com's phone support. They answered the phone instantly, and we got relevant answers.
If you prefer using live chat, click 'Chat'. It opens a chatbot, which can answer only some basic questions, like "How can I deposit?". It's a bit more tricky if you want to talk to a real person. You have to type 'agent', after which the chatbot offers to connect you with a sales or support agent.
When contacting Forex.com via email, we received an automatic reply that answering may take up to 4 days, but eventually we got relevant answers within a day.
Forex.com's customer service is not fully 24/7, though it is available 24 hours a day from Sunday to Friday.
Forex.com review
Education
| Pros | Cons |
|---|---|
|
• Demo account
|
None |
|
• Trading platform tutorial
|
|
|
• Educational videos
|
|
At Forex.com you can learn in the following ways:
- Demo account*
- Platform tutorial videos
- General educational videos
- Webinars
- Quality educational articles
- Trading glossary
- Trading knowledge quiz
- Performance analytics tool
*That lasts only 30 days
We liked the quality and structuring of the videos. You can choose from different topics, like fundamental analysis or risk management.
The quiz and trading glossary are unique educational tools. We found them really fun and useful.
By using the performance analytics tool you can understand your own trading behavior better. It provides insights based on your trading history from three angles: psychology, strategy and timing.
Forex.com also provides webinars, which is a great platform for asking trading professionals directly.
Forex.com review
Safety
| Pros | Cons |
|---|---|
|
• Majority of clients belong to a top-tier financial authority
|
None |
|
• High level of investor protection
|
|
|
• Parent company listed on stock exchange
|
|
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 if a brokerage is safe, we highly advise that you check two facts:
- how you are protected if something goes wrong
- what the background of the broker is
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.
| Country of clients | Protection amount | Regulator | Legal entity |
|---|---|---|---|
| UK | £85,000 | Financial Conduct Authority (FCA) | StoneX Financial Ltd. |
| EEA | €20,000 | Cyprus Securities and Exchange Commission (CySEC) | StoneX Europe Ltd. |
| USA | No protection | Commodity Futures Trading Commission (CFTC) National Futures Association (NFA) Futures Commission Merchant (FCM) Retail Foreign Exchange Dealer (RFED) |
GAIN Capital Group LLC |
| Canada | CAD 1,000,000 | Investment Industry Regulatory Organization of Canada (IIROC) | GAIN Capital - FOREX.com Canada Limited |
| Japan | No protection | Japanese Financial Services Authority (FSA) | StoneX Financial Co. Ltd. |
| All other clients | No protection | Cayman Islands Monetary Authority (CIMA) | GAIN Global Markets Inc. |
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.
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.
Forex.com review
Bottom line
Forex.com is a great forex and CFD broker regulated by several financial authorities, such as the UK's FCA and the US CFTC.
On the positive side, it has low forex fees, many tradable currency pairs, and high-quality research tools.
It has some drawbacks though. Popular assets like real stocks or bonds are not available. Stock CFD fees are quite high, and the desktop platform is not easy to use.
Since there is no inactivity fee unless you don't trade for one year, feel free to try Forex.com today.
Forex.com review
FAQ
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.
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