20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
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Apr.
May.
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Forex.com Review 2024
Minimum
deposit:
deposit:
- $1000
Trading platform:
- MT4
- MT5
- FOREX.com
Regulation:
- CIMA
- FCA
- FSA (Japan)
- NFA
- IIROC
- ASIC
Bonus for deposit:
- 0%
Minimum
deposit:
deposit:
- $1000
Trading platform:
- MT4
- MT5
- FOREX.com
Regulation:
- CIMA
- FCA
- FSA (Japan)
- NFA
- IIROC
- ASIC
Bonus for deposit:
- 0%
Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.
Note!
We’ve identified your country as US 
Traders Union experts have analyzed all companies providing trading services in your country legally and compiled a rating of the best companies that offer the best working conditions, have reliable reputation and the highest number of positive reviews among traders on our website.
We’ve selected the Top 5 Best Brokers in US for you:
4
5
Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative,
in accordance with the
Users Reviews Policy.
Summary of FOREX.com Trading Company
FOREX.com is a moderate-risk broker with the TU Overall Score of 5.26 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by FOREX.com clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews. FOREX.com ranks 96 among 412 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
Broker Forex.com can be of interest to both novices and professional traders, who are primarily interested in fast order execution.
Forex.com is a company owned by GAIN Capital Holdings, Inc. (NYSE: GCAP) and has earned a reputation as a reliable broker in the trading industry for its transparent work and high quality of services. The company cooperates with clients in 140 countries. The broker is registered in the Cayman Islands and supervised by CIMA (Certified Institute for Management Accountants). The license number is 25033. The parent company of the Forex.com broker is registered in England and Wales under the number 1761813 at the UK Companies House. It is licensed by one of the most reputable regulators in the world, FCA (No. 113942).
| 💰 Account currency: | USD, EUR, GBP |
|---|---|
| 🚀 Minimum deposit: | $1000 |
| ⚖️ Leverage: | Up to 1:400 |
| 💱 Spread: | From 0.2 pips |
| 🔧 Instruments: | Forex, cryptocurrencies, indices, commodities, stocks |
| 💹 Margin Call / Stop Out: | N/a |
👍 Advantages of trading with FOREX.com:
- average rate of order execution is 0.04 ms;
- reliability is controlled by several regulators so customer funds are kept on separate accounts from the company's assets;
- attractive trading conditions are tight spreads on over 90 assets, including currency pairs and metals, and over 4,500 markets, including FX, indices, commodities, stocks, and cryptocurrencies.
👎 Disadvantages of FOREX.com:
- poor quality of site optimization, little specifics in the descriptions of services, tabs at the top of the page do not work. To find the information you have to use a tab called "Sitemap";
- it is difficult to contact the support service due to its high workload;
- large fixed commission for withdrawing funds;
- high initial deposit, it starts from $1,000;
- there are few options for depositing and withdrawing funds, the terms rarely correspond to those stated.
Evaluation of the most influential parameters of FOREX.com
Trade with this broker, if:
- You appreciate educational resources and research tools as FOREX. com offers extensive educational materials, including webinars and market analysis tools, to support traders at all levels in their trading journey.
- You prefer multiple platform options. With access to MetaTrader 5, their proprietary WebTrader platform, and TradingView charts, FOREX.com provides flexibility for traders to choose the platform that best suits their needs and preferences.
Do not trade with this broker, if:
- You are looking for low minimum deposit as FOREX. com has a high initial deposit requirement starting from $1,000. As a beginner with lower minimum deposit requirements, this might not be suitable for you.
- You're concerned about withdrawal fees. Be aware that FOREX.com charges a large fixed commission for withdrawing funds. Consider this factor if you frequently need to withdraw funds from your trading account.
Geographic Distribution of FOREX.com Traders
Popularity in
49.88%
US
6.88%
GB
6.81%
CA
5.67%
JP
5.05%
CO
4.5%
ZA
4.2%
AU
3.9%
RU
3.2%
NG
3%
MA
28.91%
Others
Video Review of FOREX.com i
Expert Opinion
Forex.com is a well-established trading platform for both novice and experienced users in the dynamic Forex market. With its user-friendly interface, extensive educational resources, and a risk-free demo account, it caters to traders of all levels. The platform boasts a diverse range of tradable assets, including currency pairs, commodities, indices, and cryptocurrencies, accessible on various platforms for flexibility.
For experienced traders, Forex.com offers advanced charting tools, real-time market data, and risk management features like stop-loss and take-profit orders. However, trading costs can be higher for less common pairs and commodities, and inactivity fees may affect infrequent traders. Some users have reported delays in customer support responses, potentially challenging for those needing immediate assistance during critical market events.
In summary, Forex.com is a reputable platform with a user-friendly interface, diverse assets, and advanced tools, making it a preferred choice. Traders should be aware of potential higher costs for specific assets and consider the need for prompt customer support. Overall, Forex.com stands as a strong contender in online trading, offering a reliable platform for engaging in the foreign exchange market.
FOREX.com is a leading online Forex trading platform offering a comprehensive suite of tools and resources tailored to both novice and experienced traders. Owned by StoneX (NASDAQ: SNEX), a highly regulated financial services company, FOREX.com stands out for its expansive and secure platform.
With its user-friendly interface and extensive educational materials, it provides a welcoming environment for beginners to learn the ins and outs of Forex trading. The platform boasts a wide range of currency pairs, allowing traders to diversify their portfolios and capitalize on global market trends.
Seasoned traders are attracted to FOREX.com’s advanced trading technology that includes powerful trading tools and customized trading strategies. Additionally, the platform offers competitive spreads and transparent pricing so traders can execute trades with confidence and without worry about hidden fees.
FOREX.com also offers free and extensive Forex trading courses for beginning and experienced traders. It Trading Academy offers an award-winning interactive educational experience.
Customer support is another area where FOREX.com shines, with responsive and knowledgeable support staff available to assist traders 24/5. Whether it's technical issues or trading-related queries, the support team is quick to address concerns and provide solutions. Reviewers agree as evidenced by the broker’s 4.6-star rating on Trustpilot.
User Satisfaction i
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Expert Review of FOREX.com
Forex.com is a good option for traders who wish to focus on independent trading and are ready to invest in traditional trading for personal and professional growth.
Trading conditions will be of most interest to those whose goal is long-term cooperation and active trading. The minimum deposit is $1,000. Professionals will appreciate more than 4,500 instruments in various markets and the high speed of execution of orders using DMA technology. Special trading conditions are provided for traders with a large turnover. At the same time, cent-type accounts are not provided. The spread is floating. The combination of these factors indicates that such conditions are much less attractive for novice traders than for experienced Forex trading participants.
The Forex.com website does not have a multi-language version. Informational content isn’t sufficient either. Customers will have to work hard to be able to find data on trading conditions. As for the support service, it will be very problematic to contact it without knowing English. The broker has been a partner of the Traders Union for several years. It is included in the Traders Union Forex brokers rating, therefore every active Forex.com trader can use the service of partial spread compensation.
Latest FOREX.com News
18.07.2023
StoneX Group Inc., which combines the FOREX.com and City Index brokerage platforms, has announced the launch of the StoneX Bullion marketplace. It will
10.05.2023
The Japanese division of broker FOREX.com warned its clients about possible fluctuations in the financial markets in connection with the presidential and
06.03.2023
FOREX.com's Japanese division informed its clients of an increase in the margin rate for currency pairs involving the Hong Kong dollar (HKD).The changes
Dynamics of FOREX.com’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
Broker Forex.com is focused on providing classic services. They do not include the development of investment programs and products to invest capital to obtain passive income. The company is suitable for those participants in the foreign exchange market who are focused on trading. However, it cannot be said that the broker does not provide the possibility of passive earnings at all. The company has affiliate programs.
Forex.com affiliate programs
-
Introducing broker. Attracting new clients to the company pays well, depending on the trading activity of the invited traders.
-
White Label. It is an attractive solution for existing brokers who want to provide financial services directly to others. The program makes it possible to use the powerful foundation of FP Markets, but at the same time promote a personal brand.
-
Multi-asset liquidity makes it possible to expand the range of products and improve your own access to liquidity. GAIN Capital provides access to prices of over 12,500 FX, CFDs, spreads, and options through a single trading account or API.
Important!
If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Trading Conditions for FOREX.com Users
Trading conditions Forex.com can be attributed to the average level of competitiveness. A high minimum deposit and a leverage of up to 1:400 curtail the possibilities of implementing several high-risk, highly profitable strategies and testing the account and platform functionality by novice traders. The spread is floating. The minimum value is 0.2 pips, while the typical value for the EUR/USD pair is 1.3 pips.
$1000
Minimum
deposit
1:400
Leverage
24/5
Support
| 💻 Trading platform: | МT5, МТ4, Forex.com (proprietary platform) |
|---|---|
| 📊 Accounts: | Standard account, Commission account, Direct Market Access account (DMA) |
| 💰 Account currency: | USD, EUR, GBP |
| 💵 Replenishment / Withdrawal: | Bank transfer, payment cards |
| 🚀 Minimum deposit: | $1000 |
| ⚖️ Leverage: | Up to 1:400 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 0.2 pips |
| 🔧 Instruments: | Forex, cryptocurrencies, indices, commodities, stocks |
| 💹 Margin Call / Stop Out: | N/a |
| 🏛 Liquidity provider: | N/a |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market Execution, Instant Execution |
| ⭐ Trading features: | There is a cryptocurrency trading |
| 🎁 Contests and bonuses: | No |
Comparison of FOREX.com with other Brokers
| FOREX.com | RoboForex | Eightcap | Exness | AMarkets | FxGlory | |
| Trading platform |
FOREX.com, MT4, MT5 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5, AMarkets App | MT4, MobileTrading, MT5 |
| Min deposit | $1000 | $10 | $100 | $10 | $100 | $1 |
| Leverage |
From 1:1 to 1:400 |
From 1:1 to 1:2000 |
From 1:30 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:3000 |
From 1:1 to 1:3000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | 8.00% |
| Spread | From 0.2 points | From 0 points | From 0 points | From 1 point | From 0 points | From 2 points |
| Level of margin call / stop out |
No | 60% / 40% | 80% / 50% | No / 60% | 50% / 20% | 20% / 10% |
| Execution of orders | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Instant Execution, Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | No |
Broker comparison table of trading instruments
| FOREX.com | RoboForex | Eightcap | Exness | AMarkets | FxGlory | |
| Forex | Yes | Yes | Yes | Yes | Yes | Yes |
| Metalls | Yes | Yes | Yes | Yes | Yes | Yes |
| Crypto | Yes | No | Yes | Yes | Yes | No |
| CFD | Yes | Yes | Yes | Yes | Yes | Yes |
| Indexes | Yes | Yes | Yes | Yes | Yes | No |
| Stock | Yes | Yes | Yes | Yes | Yes | No |
| ETF | Yes | Yes | No | No | No | No |
| Options | No | No | No | No | No | No |
FOREX.com Commissions & Fees
Information
Traders Union analysts have analyzed Forex.com trading conditions for explicit and implicit fees. Although there are no hidden fees, potential clients should pay attention to the fact of differentiation of fixed and floating fees for different groups of instruments. Commission and DMA accounts are subject to additional trading fees.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | From $8 | Yes |
| Commission | From $2 | Yes |
| DMA | From $0 | Yes |
There are swaps (commission for moving a position to the next day). Also, Traders Union experts carried out a comparative analysis of competitors' commissions. Based on these data, a table of commissions was formed with the assignment of brokers to a level from low to high.
| Broker | Average commission | Level |
| FOREX.com | $8 | Medium |
| RoboForex | $1 | Low |
| Pocket Option | $8.5 | High |
Detailed Review of Forex.com
Forex.com is a trademark of GAIN Capital UK Ltd., which is registered under number 1761813 with the British Companies House and is regulated by the FCA (UK Financial Conduct Authority), one of the most reputable regulators in the world. The broker focuses on providing services with the maximum coverage of trading assets: from classic currencies and metals to indices and cryptocurrencies. Forex.com, through Forex Direct technology, provides a direct trading service at prices from global banks and liquidity providers. Access to exchange markets is also provided.
A few figures about Forex.com that may be of interest to traders:
-
coverage of over 4,500 markets, including FX, indices, commodities, stocks, and cryptocurrencies;
-
average rate of order execution is 0.04 ms;
-
over 10 years of experience in trading.
Forex.com is a broker for professional trading in the Forex market and over-the-counter market
Forex.com is a DMA broker that works directly with liquidity providers to provide optimal spreads. Depending on the format of the partnership, a trading option is provided with spreads and/or a fixed commission per turnover. Forex.com guarantees the best market prices for order execution without slippage. The company provides several options for trading platforms, including a proprietary terminal. Mobile versions of the platforms are also available, which ensures comfortable trading and makes it possible to always be aware of the market situation and promptly respond to events.
Forex.com useful services:
-
automatic market analysis is possible by using instruments such as Autochartist and Recognia. They are available to clients free of charge on the Forex.com desktop and web platforms;
-
the economic calendar is another useful market analysis tool. Allows you to monitor events affecting the volatility of trading assets;
-
pivot points is a "live" chart that allows you to identify significant levels of support and resistance for periods such as day, week, and month.
Advantages:
1
variety of trading platforms and market analysis tools;
2
fairly favorable spreads for individual trading assets;
3
a license to provide brokerage services;
4
fast execution of trade orders.
Guide for Traders
Forex.com offers its clients three real accounts and a demo account. The minimum deposit is $1,000. Real accounts differ from each other in the set of trading instruments and the type of commission (spreads, fixed or combined option).
Account Type
Description
Standard
The deposit starts from $1,000. More than 80 currency pairs
are available to the trader, as well as gold and silver, indices (more than 15 options), and
commodities (more than 12 options). Cryptocurrencies are available. The average spread is 0.2
pips;
Commission
The same trading instruments are available as on the
standard account type. The minimum deposit is 1,000 USD. However, there is a lower spread here:
it starts at 0.2 pips. In this case, the broker additionally charges a commission for access to
trade;
Direct Market Access (DMA)
The minimum deposit on this trading account is $25,000. The
trader has 58 currency pairs available, as well as gold and silver. There are no spreads on this
type of trading account. However, there is a commission.
Before opening your main account, you can learn about the capabilities of the brokerage company and the functionality of the terminals on a demo account.
Premium Trader Resources
The "Active Trader Program"
The "Active Trader Program" is a bonus program that provides broker clients with the opportunity to receive monthly discounts of up to 15%. But that is not all. Active traders benefit from personalized support and reimbursement of bank fees. To automatically get into the program, you need to open an account and make a deposit of $10,000 or more, or the trader's trading turnover for a calendar month must be at least $25 million.
Investment Education Online
Information
Although Forex.com broker is focused primarily on traders with a high professional level, it pays due attention to the issue of education.
Information available in the Analysis and Education section
Unavailable information at Forex.com site
Trading strategies
Video lessons
Management of risks
Webinars
Market analysis
Terminology
Tutorials
All available instruments help to increase the trading efficiency of transactions.
Security (Investors’ Protection)
Information
Broker Forex.com is a part of I GAIN Capital Holdings financial group. With more than 10 years of reputation, Forex.com is committed to responsibly fulfilling its obligations to customers. Forex.com broker itself is licensed by the Cayman Islands regulator CIMA. It is also worth noting that the subsidiaries of GAIN Capital Holdings have licenses from other jurisdictions, in particular FCA, NFA (0339826), IIROC, ASIC (ACN: 141 774 727), MAS, CySEC (400/21), FSA (Japan, 2010401047199).
👍 Advantages
- Segregated accounts Withdrawal following the requirements of the regulator
- Independent external audit
👎 Disadvantages
- It is unlikely that licenses from other jurisdictions will somehow be useful to clients in the event of a conflict of interest
Withdrawal Option and Fees
-
Bank transfer. There is no withdrawal limit. A fee may be charged by the receiving bank. Transaction execution time usually does not exceed 48 hours.
-
Credit and debit bank cards. The minimum withdrawal amount is 100 units in the account currency. You can also withdraw the remaining amount if it is less than $100. In this case, all funds will be withdrawn. The maximum transaction amount is $5,000. Withdrawal requests usually take a maximum of 24 hours to process.
Customers’ Support
Information
The broker's support service is ready to help clients around the clock, except weekends.
👍 Advantages
- Works around the clock
👎 Disadvantages
- No multilingual support
- Works 24/5
There are several ways to contact support:
-
directly by phone numbers, as indicated on the website;
-
by email;
-
using the feedback form.
Contacts
| Foundation date | 1999 |
| Registration address | Cayman Corporate Centre, 27 Hospital Road, George Town, Grand Cayman KY1-9008, Cayman Islands |
| Regulation |
CIMA, FCA, FSA (Japan), NFA, IIROC, ASIC |
| Official site | forex.com |
Review of the Personal Cabinet of Forex.com
To start making money with Forex.com and save on spreads with the help of Traders Union, you need to:
1
Register on the Traders Union website and follow the referral link to the broker's website. On the main page, click the "Open an account" button.
2
Select the type of account you are interested in and click the "Open account" button under it.
3
In the blank that opens up, enter the country, gender, last name and first name, e-mail address and phone number, date of birth, username, and password. Click on the "Save and Continue" button.
4
Provide documents requested for verification. After completing all stages of registration, you can enter your Personal Cabinet, replenish your account and start trading.
The following functions are available in the Forex.com Personal Cabinet:
5
1. Trade statistics.
2. Account management.
3. Market analysis tools.
4. Contact support.
1. Trade statistics.
2. Account management.
3. Market analysis tools.
4. Contact support.
There are also many other useful functions and features:
-
opening a real account from a demo account;
-
access to the trader Community;
-
archiving trade statistics.
Find out how FOREX.com stacks up against other brokers.
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FAQs
Do reviews by traders influence the FOREX.com rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about FOREX.com you need to go to the broker's profile.
How to leave a review about FOREX.com on the Traders Union website?
To leave a review about FOREX.com, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about FOREX.com on a non-Traders Union client?
Anyone can leave feedback about FOREX.com on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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