According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1000
- MT4
- MT5
- FOREX.com
- CIMA
- FCA
- FSA (Japan)
- NFA
- IIROC
- ASIC
- CFTC
- 1999
Our Evaluation of FOREX.com
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
FOREX.com is a moderate-risk broker with the TU Overall Score of 6.95 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.
Broker Forex.com can be of interest to both novices and professional traders, who are primarily interested in fast order execution.
Brief Look at FOREX.com
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).
- 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.
- 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.
TU Expert Advice
Financial expert and analyst at Traders Union
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.
- 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.
- 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.
FOREX.com Trading Conditions
💻 Trading platform: | МT5, МТ4, Forex.com (proprietary platform) |
---|---|
📊 Accounts: | Standard account, Commission account, Direct Market Access account (DMA) |
💰 Account currency: | USD, EUR, GBP |
💵 Deposit / Withdrawal: | Bank transfer, payment cards |
🚀 Minimum deposit: | $1000 |
⚖️ Leverage: | Up to 1:400 |
💼 PAMM-accounts: | No |
📈️ Min Order: | 0.01 |
💱 EUR/USD spread: | 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 |
📋 Order execution: | Market Execution, Instant Execution |
⭐ Trading features: | There is a cryptocurrency trading |
🎁 Contests and bonuses: | No |
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.
FOREX.com Key Parameters Evaluation
Video Review of FOREX.com
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Trading Account Opening
To start making money with Forex.com and save on spreads with the help of Traders Union, you need to:
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.


Select the type of account you are interested in and click the "Open account" button under it.
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.

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:
There are also many other useful functions and features:
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opening a real account from a demo account;
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access to the trader Community;
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archiving trade statistics.
Regulation and safety
FOREX.com has a safety score of 10/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Regulated in the UK
- Track record over 26 years
- Strict requirements and extensive documentation to open an account
FOREX.com Regulators and Investor Protection
Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
---|---|---|---|---|
|
Financial Conduct Authority | United Kingdom | Up to £85,000 | Tier-1 |
|
Australian Securities and Investments Commission | Australia | No specific fund but has stringent consumer protection | Tier-1 |
|
National Futures Association | United States | No specific fund | Tier-1 |
|
Commodity Futures Trading Commission | United States | No specific fund | Tier-1 |
|
Investment Industry Regulatory Organization of Canada | Canada | CAD 1,000,000 | Tier-1 |
CIMA | Cayman Islands Monetary Authority | Cayman Islands | No specific fund | Tier-3 |
FOREX.com Security Factors
Foundation date | 1999 |
Negative balance protection | Yes |
Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker FOREX.com have been analyzed and rated as Medium with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- Inactivity fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of FOREX.com with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, FOREX.com’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
FOREX.com Standard spreads
FOREX.com | Pepperstone | OANDA | |
EUR/USD min, pips | 0,7 | 0,5 | 0,1 |
EUR/USD max, pips | 1,2 | 1,5 | 0,5 |
GPB/USD min, pips | 0,9 | 0,4 | 0,1 |
GPB/USD max, pips | 1,4 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
FOREX.com RAW/ECN spreads
FOREX.com | Pepperstone | OANDA | |
Commission ($ per lot) | 5 | 3 | 3,5 |
EUR/USD avg spread | 0,2 | 0,1 | 0,15 |
GBP/USD avg spread | 0,4 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with FOREX.com. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
FOREX.com Non-Trading Fees
FOREX.com | Pepperstone | OANDA | |
Deposit fee, % | 0 | 0 | 0 |
Withdrawal fee, % | 0 | 0 | 0 |
Withdrawal fee, USD | 0 | 0 | 0-15 |
Inactivity fee ($, per month) | 15 | 0 | 0 |
Account types
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).
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.
Deposit and withdrawal
FOREX.com received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
FOREX.com provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- BTC available as a base account currency
- Minimum deposit below industry average
- Bitcoin (BTC) accepted
- Low minimum withdrawal requirement
- Only major base currencies available
- Limited deposit and withdrawal flexibility, leading to higher costs
- USDT payments not accepted
What are FOREX.com deposit and withdrawal options?
FOREX.com provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC.
FOREX.com Deposit and Withdrawal Methods vs Competitors
FOREX.com | Plus500 | Pepperstone | |
Bank Wire | Yes | Yes | Yes |
Bank card | Yes | Yes | Yes |
PayPal | No | Yes | Yes |
Wise | No | No | No |
BTC | Yes | No | No |
What are FOREX.com base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. FOREX.com supports the following base account currencies:
What are FOREX.com's minimum deposit and withdrawal amounts?
The minimum deposit on FOREX.com is $100, while the minimum withdrawal amount is $100. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FOREX.com’s support team.
Markets and tradable assets
FOREX.com offers a wider selection of trading assets than the market average, with over 5500 tradable assets available, including 80 currency pairs.
- Crypto trading
- Indices trading
- 80 supported currency pairs
- Regional restrictions are possible
Supported markets vs top competitors
We have compared the range of assets and markets supported by FOREX.com with its competitors, making it easier for you to find the perfect fit.
FOREX.com | Plus500 | Pepperstone | |
Currency pairs | 80 | 60 | 90 |
Total tradable assets | 5500 | 2800 | 1200 |
Stocks | Yes | Yes | Yes |
Commodity futures | Yes | Yes | Yes |
Crypto | Yes | Yes | Yes |
Stock indices | Yes | Yes | Yes |
Options | Yes | Yes | No |
Investment options
We also explored the trading assets and products FOREX.com offers for beginner traders and investors who prefer not to engage in active trading.
FOREX.com | Plus500 | Pepperstone | |
Bonds | Yes | No | No |
ETFs | Yes | Yes | Yes |
Copy trading | Yes | No | Yes |
PAMM investing | No | No | Yes |
Managed accounts | No | No | No |
Trading platforms & tools
FOREX.com received a score of 10/10, indicating a strong offering in terms of trading platforms and tools. The broker provides broad access to popular platforms and supports a variety of features designed to enhance both manual and automated trading.
- Proprietary platform with unique features
- MetaTrader is available
- API access for automated trading
- One-click trading
- No access to cTrader and its advanced tools.
Supported trading platforms
FOREX.com supports the following trading platforms: MT4, MT5, TradingView, Proprietary platform, WebTrader. This selection covers the basic needs of most retail traders. We also compared FOREX.com’s platform availability with that of top competitors to assess its relative market position.
FOREX.com | Plus500 | Pepperstone | |
MT4 | Yes | No | Yes |
MT5 | Yes | No | Yes |
cTrader | No | No | Yes |
TradingView | Yes | Yes | Yes |
Proprietary platform | Yes | Yes | Yes |
NinjaTrader | No | No | No |
WebTrader | Yes | Yes | Yes |
Key FOREX.com’s trading platform features
We also evaluated whether FOREX.com offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features
2FA | Yes |
Alerts | Yes |
Trading bots (EAs) | Yes |
One-click trading | Yes |
Scalping | Yes |
Supported indicators | 100 |
Tradable assets | 5500 |
Additional trading tools
FOREX.com offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
FOREX.com trading tools vs competitors
FOREX.com | Plus500 | Pepperstone | |
Trading Central | No | No | No |
API | Yes | No | Yes |
Free VPS | Yes | No | Yes |
Strategy (EA) builder | Yes | No | Yes |
Autochartist | Yes | No | Yes |
Mobile apps
FOREX.com supports mobile trading, offering dedicated apps for both iOS and Android. FOREX.com received a score of 7.95/10 in this section, indicating a generally acceptable mobile trading experience.
- Supports mobile 2FA
- Mobile alerts supported
- Indicators supported
- Fewer charting tools
We compared FOREX.com with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
FOREX.com | Plus500 | Pepperstone | |
Total downloads | 100,000 | 10,000,000 | 100,000 |
App Store score | 4.5 | 4.7 | 4.0 |
Google Play score | 3.9 | 4.4 | 4.0 |
Mob. 2FA | Yes | Yes | Yes |
Mob. Indicators | Yes | Yes | Yes |
Mob. Alerts | Yes | Yes | Yes |
Education
Information
Although Forex.com broker is focused primarily on traders with a high professional level, it pays due attention to the issue of education.
All available instruments help to increase the trading efficiency of transactions.
Customer 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:
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directly by phone numbers, as indicated on the website;
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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, CFTC |
Official site | forex.com |
Comparison of FOREX.com with other Brokers
FOREX.com | Bybit | Eightcap | XM Group | VT Markets | Kama Capital | |
Trading platform |
FOREX.com, MT4, MT5 | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MetaTrader4, MetaTrader5, VT Markets App, Web Trader+ | MetaTrader5 |
Min deposit | $1000 | No | $100 | $5 | $50 | No |
Leverage |
From 1:1 to 1:400 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:500 |
From 1:1 to 1:400 |
Trust management | No | No | No | No | Yes | No |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 0.2 points | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points |
Level of margin call / stop out |
No | No / 50% | 80% / 50% | 100% / 50% | No / 50% | 20% / No |
Order Execution | Market Execution, Instant Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution |
No deposit bonus | No | No | No | No | No | No |
Cent accounts | No | No | No | No | No | Yes |
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:
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coverage of over 4,500 markets, including FX, indices, commodities, stocks, and cryptocurrencies;
-
average rate of order execution is 0.04 ms;
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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:
variety of trading platforms and market analysis tools;
fairly favorable spreads for individual trading assets;
a license to provide brokerage services;
fast execution of trade orders.
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