Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
FOREX.com Pros & Cons
- Average order execution speed is 0.04 ms
- Reliability is supported by oversight from multiple regulators, with client funds held in segregated accounts
- Attractive trading conditions include tight spreads on over 80 currency and metal pairs
- High fixed commission for fund withdrawals
- Initial deposit starts at $1,000, which may be restrictive
- Few deposit and withdrawal methods, and actual terms often differ from those advertised
- Customer support can be difficult to reach due to high demand
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).
TU Expert Verdict
FOREX.com demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
FOREX.com User Reviews
-
5-star
7%
-
4-star
22%
-
3-star
60%
-
2-star
9%
-
1-star
3%
-
Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria7 /10The trading and non-trading commissions of FOREX.com have been analyzed and rated as having Medium fees, with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and IG Markets, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No deposit fee
- No withdrawal fee
- 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 OANDA IG Markets EUR/USD min, pips 0.7 0.1 0.6 EUR/USD max, pips 1.2 0.5 1.2 GPB/USD min, pips 0.9 0.1 0.6 GPB/USD max, pips 1.4 0.5 1.5 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 OANDA IG Markets Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 5 3.5 2.3 EUR/USD avg spread 0.2 0.15 0.8 GBP/USD avg spread 0.4 0.2 1 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 OANDA IG Markets Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 15 0 0 -
Is FOREX.com Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria10 /10FOREX.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 27 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 FCA UK
Full Name Financial Conduct Authority Country of regulation United Kingdom Investor Protection Fund Up to £85,000 Regulation Level Tier-1 ASIC
Full Name Australian Securities and Investments Commission Country of regulation Australia Investor Protection Fund No specific fund but has stringent consumer protection Regulation Level Tier-1 NFA
Full Name National Futures Association Country of regulation United States Investor Protection Fund No specific fund Regulation Level Tier-1
JFSA Full Name Japan Financial Services Agency Country of regulation Japan Investor Protection Fund No specific fund Regulation Level Tier-1 CFTC
Full Name Commodity Futures Trading Commission Country of regulation United States Investor Protection Fund No specific fund Regulation Level Tier-1 CIRO
Full Name Investment Industry Regulatory Organization of Canada Country of regulation Canada Investor Protection Fund CAD 1,000,000 Regulation Level Tier-1 Abbreviation CIMA Full Name Cayman Islands Monetary Authority Country of regulation Cayman Islands Investor Protection Fund No specific fund Regulation Level Tier-3 FOREX.com Security Factors Foundation date 1999 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.6.8 /10FOREX.com offers the following account options: Demo, Standard, ECN/Raw spread, Micro, Swap Free, VIP.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Swap Free (Islamic) account
- Tight spread ECN account
- Demo account
- No Cent account
FOREX.com account types vs top competitors FOREX.com Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro YesNoNoSwap Free YesNoNoVIP YesNoNoManaged NoNoNoFOREX.com accounts trading conditions
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.
-
Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.5 /10FOREX.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.
- No deposit fee
- Bank card deposits and withdrawals
- Low minimum withdrawal requirement
- Minimum deposit below industry average
- Only major base currencies available
- PayPal not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
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 Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC YesNoNoWhat are FOREX.com base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. FOREX.com supports the following base account currencies: USD, EUR, GBP.
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
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria10 /10FOREX.com offers a wider selection of trading assets than the market average, with over 5500 tradable assets available, including 80 currency pairs.
- ETFs investing
- Commodity futures are available
- 5500 assets for trading
- 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 Trading.com Plus500 Currency pairs 80 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 5500 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions YesNoYesInvestment 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 Trading.com Plus500 Bonds YesNoNoETFs YesNoYesCopy trading YesNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at FOREX.com by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.9 /10We successfully registered an account with FOREX.com in 30 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at FOREX.com is $100. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fully online account opening process
- Quick KYC verification (1 business day or less)
- Low minimum deposit requirement
- Registration process may take longer than expected
FOREX.com account opening FOREX.com Trading.com Plus500 Online Registration YesYesYesMinimum deposit $100 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 30 20 KYC time (days) 1 2 3 Is FOREX.com available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
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:
- Trade statistics..
- Account management..
- Market analysis tools..
- 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.
-
Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria10 /10FOREX.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.
- Trading bots (EAs) allowed
- API access for automated trading
- MetaTrader is available
- Proprietary platform with unique features
- 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 Trading.com Plus500 MT4 YesNoNoMT5 YesYesNocTrader NoNoNoTradingView YesYesYesProprietary platform YesYesYesNinjaTrader NoNoNoWebTrader YesYesYesKey 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 YesAlerts YesTrading bots (EAs) YesOne-click trading YesScalping YesSupported 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 Trading.com Plus500 Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. NoYesNoAPI YesNoNoFree VPS YesNoNoStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. YesNoNoAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. YesNoNo -
Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria8 /10FOREX.com supports mobile trading, offering dedicated apps for both iOS and Android. FOREX.com received a score of 8/10 in this section, indicating a generally acceptable mobile trading experience.
- Solid iOS user feedback, with a rating of 4.5/5
- Indicators supported
- Supports mobile 2FA
- Limited features vs desktop
We compared FOREX.com with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
FOREX.com Trading.com Plus500 Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 100,000 50,000 10,000,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 4.5 4.8 4.7 Google Play score 3.9 4.7 4.4 Mob. 2FA YesYesYesMob. Indicators YesYesYesMob. Alerts YesYesYes -
Customer Support
Score:We evaluated Customer Support at FOREX.com by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.7 /10Customer support at FOREX.com is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. FOREX.com provides basic support functionality but does not stand out in overall service performance.
InformationThe broker's support service is ready to help clients around the clock, except weekends.
- Works around the clock
- 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, CFTC Official site forex.com
Best FOREX.com Alternatives
FAQs
How is FOREX.com regulated and what security measures are mentioned in its safety overview?
FOREX.com has a safety score of 10/10 and is described as having a High security level, with Tier-1 regulation in multiple jurisdictions including the UK (FCA), Australia (ASIC), the US (NFA and CFTC), Japan (JFSA), and Canada (CIRO), plus Tier-3 regulation from CIMA. The broker was founded in 1999, applies verification (KYC), offers negative balance protection, and some regulators provide investor compensation schemes such as up to £85,000 under the UK FCA and up to CAD 1,000,000 under CIRO.
How are FOREX.com trading commissions, spreads, and other fees described in the fee breakdown?
FOREX.com receives a fees score of 7/10, with trading and non-trading costs characterized as Medium overall, including low forex trading fees, tight EUR/USD spreads, and no deposit or withdrawal fees, but an inactivity fee applies. For Standard accounts, EUR/USD spreads typically range from 0.7 to 1.2 pips and GBP/USD from 0.9 to 1.4 pips, while RAW/ECN accounts show average spreads of 0.2 pips on EUR/USD and 0.4 pips on GBP/USD plus a $5 commission per lot, and non-trading fees include a $15 monthly inactivity charge.
What do user reviews and feedback indicate about overall satisfaction with FOREX.com?
FOREX.com has a user satisfaction score of 6.4/10 based on 104 reviews, with 7% of ratings at 5 stars, 22% at 4 stars, 60% at 3 stars, 9% at 2 stars, and 3% at 1 star. According to user reviews, overall sentiment is mixed rather than strongly positive or negative.
What deposit and withdrawal options and limits are highlighted for FOREX.com?
FOREX.com is described as offering a basic range of funding methods, including bank cards, bank wire, Skrill, Neteller, and Bitcoin (BTC), with no deposit or withdrawal fees but limited flexibility and no support for Wise or PayPal. The minimum deposit and withdrawal amounts are both $100, although the section notes these thresholds may vary by account type and payment method and that detailed conditions are not fully specified in the review.
What feedback is provided on FOREX.com mobile apps and their trading features?
FOREX.com supports mobile trading on iOS and Android and receives a mobile section score of 7.95/10, with total downloads of around 100,000, an App Store rating of 4.5, and a Google Play rating of 3.9. The apps support indicators, mobile two-factor authentication, and trading alerts, while the main limitation mentioned is a smaller set of charting tools.
Articles that may help you
-
#For Beginners
FOREX.com Minimum Deposit and Funding Options
October 2026 Andrey Mastykin -
#For Beginners
Is FOREX.com Regulated and Safe in 2026
October 2026 Mikhail Vnuchkov -
#For Beginners
FOREX.com Maximum Forex & CFDs Leverage Explained (2026)
October 2026 Andrey Mastykin -
#For Beginners
FOREX.com Available Countries – Full List (2026)
October 2026 Parshwa Turakhiya -
#For Beginners
FOREX.com Withdrawal Fees, Time & Payment Methods (2026)
October 2026 Andrey Mastykin -
#For Beginners
Is Forex.com Safe? An Honest Review
February 2025 Chinmay Soni -
#For Beginners
January 2025 Peter Emmanuel Chijioke
-
#For Beginners
How Finfluencers Shape Retail Investment Decisions: TU Research
October 2026 Anastasiia Chabaniuk -
#For Beginners
How To Use The Awesome Oscillator To Spot Early Moves
October 2026 Anton Kharitonov