Advertisement
Get the Lowest Margin Loan Rates at Interactive Brokers

Forex.com trading platform review

Besides MetaTrader 4 or MetaTrader 5, you can use Forex.com's own trading platform. Read reviews about Forex.com's web and desktop trading platform.

Forex.com trading platform review
Forex.com web trading platform

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.

Forex.com has two web trading platforms, Web Trader and MetaTrader 4. We tested Web Trader because it is Forex.com's own platform, while MetaTrader 4 is 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 customizableYou 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.

Forex.com review - Web trading platform

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.

Forex.com review - Web trading platform - Search

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)

Forex.com review - Web trading platform - Order panel

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 trading platform review
Forex.com desktop trading platform

Forex.com's  desktop platform has the same functions as the web trading platform but lags behind in user-friendliness.

Forex.com offers two desktop platforms, the Advanced Trading Platform and MetaTrader 4. Once again, we tested the Advanced Trading Platform as this is Forex.com's own platform, while MetaTrader 4 is a third-party platform.

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.

Forex.com review - Desktop trading platform

Does Forex.com offer MetaTrader platforms?

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

Author of this article

Ádám Nasli

Author of this article

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

Share

Comments

×