Forex.com Logo
Written by:
Fact checked by:
Updated:
Dec 2022
Recommended for
  • forex trading 4.1/5
Trusted broker
  • Top-tier regulation in the US
  • Compensation in case of broker bankruptcy (terms apply)
  • Long track record - founded in 2001
Popularity
2,390 people chose this broker in the last 6 months

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.

BrokerChooser score
4.3 /5
Visit broker 73% of retail CFD accounts lose money
Forex.com is available in United States
FX commission per lot
No
Number of currency pairs
91
Minimum deposit
$100
Credit/debit card deposit
$1
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
Expert opinion
“I recommend Forex.com for forex traders looking for low fees and great research tools.”
Gergely Korpos
Co-founder / CPO

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

To read much more details about the broker's services and features, expand on the sections below.

Forex.com review
Fees

Score: 3.7/5
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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.
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Forex.com review
Account opening

Score: 4.2/5
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Forex.com's account opening is seamless and fully digital, with a low minimum deposit. On the other hand, account verification takes around 2 business days, which is not the fastest on the market.
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Forex.com review
Deposit and withdrawal

Score: 4.5/5
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Forex.com provides multiple deposit and withdrawal options, all free of charge. However, withdrawal is not possible with some credit cards.
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Forex.com review
Web trading platform

Score: 4.3/5
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Forex.com's web trading platform is user-friendly and extremely customizable, with lots of order types. On the negative side, there is no two-step login.
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Forex.com review
Mobile trading platform

Score: 4.3/5
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Forex.com's mobile trading platform looks nice and is easy to use. The search function is also great. However, there is no two-step login.
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Forex.com review
Desktop trading platform

Score: 3/5
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Forex.com's desktop platform has the same functions as the web trading platform but lags behind in user-friendliness.
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Forex.com review
Markets and products

Score: 2.1/5
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At Forex.com, you can only trade forex and CFDs . Other asset classes, like real stocks or funds, are not available.
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Forex.com review
Research

Score: 4.3/5
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Forex.com has great and diverse research functions. It provides good charting tools, trading tips based on technical analysis, and high-quality market reports. On the other hand, it lacks fundamental data.
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Forex.com review
Customer service

Score: 3.8/5
+
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.
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Forex.com review
Education

Score: 5/5
+
Forex.com does a great job in education, offering many ways to learn.
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Forex.com review
Safety

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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.
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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.

Visit broker
73% of retail CFD accounts lose money

Forex.com review
FAQ

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Author of this review

Ádám Nasli

Author of this review

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Ádám Nasli

Analyst Head

Ádám worked in banking and investment, and holds a professional degree in this field. He is a motivated finance expert, having joined BrokerChooser in 2018. He's also eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible. In his spare time, he loves learning new things, especially data science, algo trading, programming and trading.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

Visit Forex.com
73% of retail CFD accounts lose money

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