Intro
At Forex.com , you can only trade forex and CFDs . Other asset classes, like real stocks or funds, are not available.
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 |
| Cryptos (#) | 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.
